Mortgage Broker - Genesis Associates Ltd. Definition "W" (866) 410.4410

	*Conditions Apply

Definitions of Mortgage Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Waiver - The relinquishment of some right. More specifically, a wording within an agreement providing that the party may waive a condition at his/her sole option.

Warehousing - The temporary advancement of a trust company's own funds in disbursing mortgage loans pending sale to investor clients for whom the loans were originated.

Waste - Any destructive act which permanently reduces the value of the security.

Writ - A form of written command in the name of sovereign, state, court, etc. issued to an official or other person and directing him or her to act or abstain from acting in some way.