Now that JPMorgan Chase has decided to exit the warehouse arena the obvious question becomes: who's next? Mortgage advisors tell us that one regional bank that is a fairly large player in the sector is seriously contemplating throwing in the towel on warehouse financing. These are treacherous times for non-depository mortgage bankers. There are hundreds of non-banks still originating loans (mostly Fannie Mae, Freddie Mac and FHA product) but if these firms cannot get financing it could spell the death knell for what was once a thriving part of the residential finance industry. Meanwhile, the Treasury and the Federal Reserve have yet to weigh in on the warehouse issue -- at least not publiclyâ¦
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