Temporary Lender

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Definition: Temporary Lender

Temporary Lender
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Full Definition of Temporary Lender

A mortgage company that originates loans and sells them after a short period of time onto the secondary mortgage market, rather than holding them in a portfolio. Temporary lenders make money through origination fees, and through originating loans at higher-than-average interest rates that can then be sold at a premium.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/temporary-lender/
Modern Language Association (MLA):
Temporary Lender. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/temporary-lender/.
Chicago Manual of Style (CMS):
Temporary Lender. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/temporary-lender/ (accessed: April 19, 2024).
American Psychological Association (APA):
Temporary Lender. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/temporary-lender/

Definition Sources

Definitions for Temporary Lender are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.