Guaranty Bank, Dallas, one of the nation's largest warehouse lenders to non-banks, is reportedly telling customers that it will not renew their lines at the termination date, National Mortgage News has learned.At press time Guaranty's warehouse chief Jim Clapp had not returned a telephone call about the matter. One warehouse advisor told NMN that several of his clients were told by the bank that they were exiting the business. Scott Stern of the Lender's One cooperative said he has heard talk about Guaranty leaving the warehouse sector for weeks, calling it "bad news — as bad as National City's decision or worse." As reported by NMN on this website, PNC, NatCity's new owner, is exiting warehouse as well. (See related story.) According to NMN, NatCity ranks second in warehouse commitments, Guaranty third.
