Finance
In New York, 'warehousing' of mortgage loans refers to:
AStoring mortgage documents in a secure facility
BA mortgage banker's short-term borrowing (from a warehouse lender) to fund mortgage loans before selling them to the secondary market✓ Correct
CKeeping foreclosed properties in inventory
DA method of holding properties for future development
Explanation
Mortgage warehousing is the short-term, revolving credit facility used by mortgage bankers to fund loans from origination until they can be sold to investors in the secondary market (Fannie Mae, Freddie Mac, or private investors).
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