Temporary Lender

Temporary Lender

A lender that sells the loans it originates, as opposed to a portfolio lender that holds them.

Same as Mortgage Company.

References in periodicals archive ?
Instead, the IMF has been an overseer of structural adjustment and a temporary lender to nations in financial crises, of which there have been fewer in recent years.Now, especially in Africa--the region still most heavily dependent on the IMF--a picture is emerging in some of the stronger economies of what the future of the fund may look like.
These firms are "mortgage companies," or (as they much prefer) "mortgage banks." They are temporary lenders as distinguished from portfolio lenders who hold the loans they originate in their portfolios.
The correct lesson from that recent history is that market euphoria arising from persistent increases in home prices affects permanent and temporary lenders in the same way.
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