Welcome to the Wild West!

Let’s be honest. Right now, it’s like the Wild West out there. The ability to give sub lines to aspiring mortgage bankers may be getting out of hand. Yes, mini-correspondents/emerging bankers bring a lot to the table. I applaud lending…

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Posted: Apr 23 2014
Tags: CFPB, correspondent lending, emerging banker, mini correspondent, warehouse lending
Comments: 1690

One more for The Worry List

As you may know, I keep a Worry List on behalf of my clients. As I’ve mentioned before, it’s not healthy to simply sit around and worry about potential threats, dangers and pitfalls. But it’s also pretty dangerous to live…

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Posted: Dec 03 2013
Tags: correspondent lending, mortgage lending, purchase market, refinance, servicing, warehouse lending, wholesale lending, worry list
Comments: 4684

Time to get liquid!

Boy oh boy is it ever time to get liquid! Before the interest rate increases happened, those bankers with very substantial balance sheets were living on easy street. Then the bomb hit. Suddenly, many of these stronger players lost a…

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Posted: Nov 13 2013
Tags: interest rate, mortgage lending, servicing, warehouse lending
Comments: 1717

Meeting the challenges of the brave, new mortgage world.

I’ve been harping recently on the fact that change brings opportunity to those willing to reach for it. This is not to say, however, that those challenges are always easy to overcome. Sometimes, everyone needs a little help. For example:…

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Posted: Oct 16 2013
Tags: mortgage lending, overlays, purchase cycle, warehouse lending
Comments: 1674

The ideal warehouse provider…

As I’ve said before, things may be changing in the mortgage lending industry, but not everything is for the worse. I strongly believe it’s a great time for smaller lenders if they are willing to take smart risks. The warehouse…

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Posted: Sep 19 2013
Tags: correspondent lending, jumbos, mortgage lending, super jumbos, warehouse lending
Comments: 200

Is the time of the smaller mortgage banker at hand?

A lot of what has happened in the past two years may seem to favor the largest of mortgage lenders. After all, they’re the ones with the capital to work directly with the GSEs and the resources to handle the…

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Posted: Sep 12 2013
Tags: mortgage lending, purchase market, super jumbo loan, warehouse lending
Comments: 1907

Before you dive into that new warehouse line…

Things have been moving quickly for our industry over the past year. Even though warehouse and correspondent lending is a thriving niche, now is not the time to cut corners in your due diligence! Watch out for potentially fraudulent warehouse…

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Posted: Aug 30 2013
Tags: captive line, due diligence, mortgage fees, mortgage lending, warehouse lending
Comments: 2870

Quite an idea in the warehouse sector…

One of the big problems a number of smaller mortgage lenders have is being able to get permission from their warehouse partners to deliver loans to mid-sized securitizers. I know of many wonderful alliances that have been killed by this…

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Posted: Aug 13 2013
Tags: mortgage lending, non-captive line, warehouse facility, warehouse lending
Comments: 166

The warehouse lending world continues to change…

We’ve long known that the mortgage industry is one of cycles. Nothing stands still for very long. Over the past two years, however, it would seem that the traditional cycles have been juggled a bit more with the introduction of…

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Posted: Apr 08 2013
Tags: alliances, mortgage lending, network, sublines, warehouse lending
Comments: 2109

New Worry List entry: Increased capital requirements for warehouse lenders.

There was a very good article written for American Banker this week. You can see it here. (registration required) The essence of the piece is summarized in the column’s first paragraph: “When does a warehouse loan become a loan, and…

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Posted: Mar 15 2013
Tags: increased capital requirements, liquidity, mortgage lending, mortgage regulation, warehouse lending
Comments: 103