Community Trust Bank, Dallas, ended September with $288 million of warehouse commitments on its books, a three-fold increase from a year ago.
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According to survey information provided to National Mortgage News, Community also experienced strong growth in outstanding lines as well: $155 million compared to just $25 million at September 30, 2010.
“We've grown a lot since year,” said Ian Wright, senior vice president in charge of warehouse lending for Community.
Over the past two months warehouse volumes have spiked at many shops – thanks to declining interest rates which have sparked a surge in refinancings in the primary market.
