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Home » Topics » IMFnews » Warehouse

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VA Lender Renews Warehouse Credit Facility

May 10, 2019
George Brooks

NewDay USA has renewed its warehouse facility for $100 million, bringing total warehouse commitments to $400 million.


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What We’re Hearing: The Return of Impac’s Co-Founder / Surviving Somehow / Vista Point Mortgage Arrives / Mangiaracina Hopeful / Armageddon Times? (Avoided) / Warehouse Rising

May 10, 2019
Paul Muolo

Bill Ashmore's new venture is based in Irvine, CA, home to many entrepreneurial mortgage shops...


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Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate

April 19, 2019
Paul Muolo

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 


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Short Takes: Standing Room Only / Respect the Caps Bill Introduced (Has Nothing to do with Hockey) / Signs of Life in Warehouse Lending / Radian Director Won’t be Back

April 15, 2019
Paul Muolo and Dennis Hollier

Thanks to lower rates, warehouse providers are seeing signs of life once again...


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Texas Capital’s Warehouse Business is Doing Well but Its Share Price is in the Dumps

December 31, 2018
Paul Muolo
Usually, Texas Capital doesn’t talk about its warehouse business, but EVP Jack Nunnery recently opened up a bit about what other warehouse lenders are saying…
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Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider

December 10, 2018
Paul Muolo
The warehouse lending sector has experienced a noticeable decline in profit margins…
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Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac

December 7, 2018
Paul Muolo
Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...
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Warehouse Commitments Shrink as Nonbanks Struggle with Originations

December 4, 2018
Paul Muolo
Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.
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Warehouse Commitments Begin to Shrink as Nonbanks Struggle with Lower Originations

November 29, 2018
Warehouse lenders ended the third quarter with $65.0 billion of commitments to nonbanks on their books, a modest 3.0 percent sequential decline, according to a new Inside Mortgage Finance analysis. [Includes one data chart.]
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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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