National Mortgage News is still adding up warehouse results for the third quarter, but one thing seems clear: lines of credit are up compared to both 2Q of this year and 3Q 2010. Also, there is a new willingness on the part of firms to disclose their commitment volumes. (We thank you.) It should be pointed out that BB&T, in particular, is showing strong gains. Meanwhile, all eyes are on Bank of America, which is transferring its warehouse group to its Merrill Lynch affiliate. As reported by NMN late last week, the bank is shedding some nonbank customers but hopes to retain a majority of its client base. How much of that majority? It won't say…
-
The competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
51m ago -
The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
1h ago -
Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
1h ago -
The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
2h ago -
The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
3h ago -
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
4h ago









