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…
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In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
3h ago -
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
3h ago -
Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
April 7 -
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
April 7 -
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
April 7 -
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
April 6









