The company, ranked seventh by Inside Mortgage Finance, is not alone when it comes to warehouse waivers being granted.

Texas Capital's goal is to become more of a full service bank...

Customers Bank and Flagstar filed separate objections to some of FGMC’s bankruptcy plans...

The commitment numbers hardly seem awful but the real damage is in the usage rates...

Moody's had raised concerns about the concentration of “wet loans” in the securitizations...

Previously, Texas Capital executives estimated the bank's mortgage finance volume would decline at a rate in the “high teens” this year, but now they're projecting a “mid-30%” decline.

As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”

The changes to the criteria were significant enough to prompt Moody’s to place five warehouse securitizations on review for possible downgrade...

Some financiers reported usage rates below 30%...

As one veteran manager characterized it: “It is what it is.”