Loan Think

What We're Hearing

Published February 09, 2009, 7:00 a.m. EST

1 Min Read

Sometime this week representatives from the The Warehouse Lending Project, Glen Corso's group, will meet with Federal Reserve officials to discuss the liquidity crisis facing non-depository mortgage banking firms. One thing they will talk about is reducing the risk weighting on warehouse lines from the current 100% capital charge. (100% means for every $100 outstanding the bank has to hold $8 in capital.) The WLP has about 30 members. Meanwhile, the Mortgage Bankers Association is asking for a meeting with Treasury Secretary Timothy Geithner on the issue of warehouse liquidityâ¦

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