Volume 2014 - Number 22
June 5, 2014
Suffering from the Production Drought, Warehouse Banks Plan to Make LOCs Backed by MSRs
Banks that extend warehouse lines of credit to non-depositories are suffering from a usage drought on their loans, forcing them to consider other asset classes to finance, including mortgage servicing rights. According to industry advisors and warehouse officials, there are at least half a dozen large banks that are dipping their toe into the MSR financing pool or contemplating such a move. “From what I’m seeing, a number of warehouse banks are looking...
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