Fannie Mae is still working on a warehouse lending pilot but is offering little guidance on its progress, according to industry observers. Scott Stern, who runs the Lender's One cooperative, said he has not heard anything new about the pilot of late but, noted that the 157 lenders he represents "would welcome Fannie's foray into warehouse lending." Freddie Mac, with NattyMac, St. Petersburg, Fla., as its partner, launched a small warehouse pilot late last year. At press time, Fannie Mae officials had not responded to telephone calls and emails about the pilot.
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