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"W" Listings - Mortgage Glossary

  • WACC – Weighted Average Cost of Capital. Expected return on a portfolio of all a firm's securities...
  • Warehouse Loans – Loans that are held from the time of the closing to its subsequent marketing to capital market investors...
  • Warranty – A guarantee by a seller to a buyer that if a product requires repair or remedy...
  • Weighted Average Cost of Capital – (WACC) Expected return on a portfolio of all a firm's securities...
  • Weighted Average Method – Taking the average of cost of equity and cost of debt, weighted by the total cost of each...
  • Wholesale Origination – A loan origination strategy by which loans are purchased from mortgage brokers...
  • Without Recourse – The refusal to assume any responsibility to subsequent holders for the payment of a debt...
  • Working Capital – Money that is available for use in investments and properties...

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