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Home » Topics » IMFnews » Warehouse

Warehouse
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Warehouse Commitments to IMBs Keep Falling

March 18, 2024
Paul Muolo
Usage rates have been weak, but are increasing as the spring homebuying season gets underway...
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Cash Infusion, New Leadership at NYCB

March 7, 2024
Brandon Ivey
New York Community Bancorp has its third CEO in less than two weeks.
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A Change in FoA’s Borrowing Facility

February 5, 2024
Paul Muolo
In a few months, Finance of America will be paying 15% on one of its borrowing lines...
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Warehouse Lenders Looking for Lower Interest Rates

January 31, 2024
Paul Muolo and Brandon Ivey
One chief concern: Warehouse borrowing covenants have been breached.
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Warehouse Lender Sees Tough Times Ahead

January 19, 2024
Brandon Ivey
"Our expectation remains that the next quarter will be amongst the toughest the industry has seen in the last 15 years," said Matt Scurlock, a managing director and chief financial officer at Texas Capital Bank.
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Warehouse Finance: An Opportunity From an Exit

December 11, 2023
Paul Muolo
Comerica's exit is Wintrust's opportunity...
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More Pain for Warehouse Financiers

December 4, 2023
Paul Muolo
Over the past year, a handful of banks have exited the warehouse finance sector, including Comerica and Fifth Third.
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Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines

November 28, 2023
Paul Muolo
According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.
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Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality

November 28, 2023
Brandon Ivey and Paul Muolo
Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.
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More Departures From the Warehouse Lending Arena

November 6, 2023
Paul Muolo
Peter Koh, an SVP at BoH, pinned the bank's exit from mortgage lending on market conditions.
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