Flagstar Bank is seeing continued growth in its warehouse lending business with the dollar volume of commitments to nonbank mortgage lenders rising 40% at year-end compared to the same period a year earlier. According to figures reported to National Mortgage News, the Michigan-based thrift had $1.5 billion in commitments at December 31, compared to $1 billion in the same period a year earlier. However, even though its committed facilities were up handsomely, actual lines outstanding did not rise all that much year-over-year: $455 million versus $441 million. Flagstar, which earlier this week raised $300 million in fresh capital, ranks among the top five warehouse lenders in the nation.
Processing Content
