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Home » Topics » IMFnews » Warehouse

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Warehouse Lenders Continue to Reap the Rewards of an IMB Boom

December 19, 2019
Paul Muolo

According to IMF’s tally, the top five warehouse providers in the third quarter were: JPMorgan Chase ($18.50 billion in commitments), Texas Capital ($7.95 billion), First Tennessee ($7.90 billion), TIAA FSB ($6.50 billion) and Wells Fargo ($6.00 billion).


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If Nonbanks Get FHLB Access, Warehouse Market May Suffer

December 4, 2019
Paul Muolo

Then again, the concept remains untested. Letting nonbanks join the FHLB system was an idea recently floated by Federal Housing Finance Agency Director Mark Calabria…


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Flagstar Hires Mr. Cooper Executive to Lead Warehouse Finance

October 3, 2019
Paul Muolo

Prior to joining Flagstar, Neufeld spent more than five years as SVP and treasurer of Mr. Cooper, where he managed the nonbank’s warehouse lines and was responsible for oversight of all treasury functions…


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Indicted Chairman of Eli Global Replaced. Lindberg Files Motion to Dismiss

September 23, 2019
Paul Muolo

Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.


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Short Takes: Redwood Sets Debt Issuance / Flagstar Closes the Books on its ‘Live Well’ Problem / Some Recovery / ICBA Applauds the FHFA for Killing GSE Pilot / NCBA Inks Deal with Promontory

September 19, 2019
Paul Muolo

Flagstar estimates it will recover about $1 million of the cost in the third quarter while it continues to pursue other legal remedies tied to Live Well...


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Short Takes: Signs of Life in MSR Sales / $30 Billion? / Rising Rates and Falling Applications / Blackstone Pulls the Rip Cord on Invitation Homes / Slamming the Door on a GSE Pilot Program: Wow!

September 18, 2019
Paul Muolo

One source said a $30 billion bulk servicing portfolio went out for bid but was unclear whether the receivables actually traded...


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In an Ultra-Low Rate Environment, Warehouse Lenders Find Themselves Swamped

September 6, 2019
Paul Muolo

Bob Garrett, executive vice president in charge of warehouse finance at First Tennessee Bank, said he’s seen some competitors that are so overwhelmed with demand they’re turning away business.


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Short Takes: When In Doubt, Go With the Third-Party Valuation / When IOs Suffer in Value / After the Refi Boom is Gone / Don’t Forget About Ginnie / GR Hires New VP

September 3, 2019
Paul Muolo

The big question: What happens when this refi boom ends? Is it too early to ask?


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IO HECM Bonds at Center of Massive FHA Fraud Indictment

September 3, 2019
Paul Muolo

Charges also were filed against former Live Well executives Eric Rohr and Darren Stumberger who entered a guilty plea in the case late last week and are now cooperating with investigators.


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Founder of Top-Ranked Warehouse Provider Texas Capital to Retire. However…

August 19, 2019
Paul Muolo

Ackerman is receiving a lucrative retirement package, including $20,000 to cover out-of-pocket expenses in connection with striking the deal…


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