In trading Thursday, the share price of PHH’s common stock was down almost 2.6 percent...

Another bank seeing a pickup in clients is Southwest Bank, Dallas…

Warehouse commitment levels remained flat at $50.0 billion in the first quarter as a tepid origination market early in the year reduced the need for new lines, according to exclusive survey figures compiled by Inside Mortgage Finance. But with the first quarter firmly in the rearview mirror, warehouse executives are reporting a robust spring/early summer with new customers coming on board and nonbanks tapping more of the lines already committed to them. “We’ve had...[Includes one data table]

Ten trade organizations and community groups this week sent a letter to FHFA Director Mel Watt imploring him to suspend the quarterly GSE dividend paid to the Treasury Department...

But Moody’s acknowledged that mortgage warehouse securitizations can be operationally complex.

Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.

Craig Dwight, Horizon Bancorp’s chairman and CEO, indicated that the TRID mortgage disclosure rule had an impact on warehouse lending during the quarter.

Errors in TRID disclosures on jumbo mortgages played a key role in the recent closure of W.J. Bradley Mortgage, but the privately held nonbank may have had other problems as well, according to industry officials who claim to have intimate knowledge of the company’s operations. A thin capital base is one of those problems. An investor in the company and an investment banking official each told...

DeMarco, by the way, called on Congress to take a “thoughtful” review of the FHA program and Ginnie Mae’s role in housing finance.

A warehouse executive, whose bank is based on the East Coast, noted that when a nonbank client loses money two quarters in a row, “it triggers certain [warehouse] covenants.”