We're starting to hear whispers that some regional banks might step up to the plate on warehouse lending -- but not necessarily in a major way. One warehouse executive told us that Branch Banking & Trust is looking at making direct lines of credit to non-banks. He noted that "regional banks are dipping their toe in it but they're only taking on a $10 million to $15 million exposure." The wild card for the sector is whether Wells Fargo & Co. will ramp up the warehouse business of Wachovia Corp., which it bought a few months backâ¦
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Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
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AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
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An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
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If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
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Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
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The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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