Warehouse Lending Rescue? – New Task Seen for Fannie, Freddie – By JAMES R. HAGERTY – The regulator of Fannie Mae and Freddie Mac is considering giving the government-backed mortgage companies another role: helping to finance small mortgage banks. - Wall Street Journal
————
Fund yourself? – Report: Colonial BancGroup near deal to convert to thrift – … Taylor Bean & Whitaker, an Ocala-based mortgage lender that already has a thrift charter, would lead the infusion,… Gaining control of Colonial would help Taylor Bean win federal clearance for a significant expansion of its deposit-gathering operations and provide it (TBW) a stable source of low-cost funding, the Journal said. - Tampa Bay Business Journal
————
Phil Hall – Speaking Up On Warehouse Lending – and the lack of action in Washington – MortgageOrb
2 responses so far ↓
1 David Lykken // Apr 2, 2009 at 4:11 pm
If you ask any independent mortgage banker what keeps them awake at night it is the status of their warehouse lender. The fact that you are posting every article being published is serving the industry so well. Being one of the leading consulting firms providing guidance to mortgage lenders on this and a range of other critical issues, we are being inundated daily with calls from mortgage banking company owners and executives, most of whom are trying to ‘mask’ the panic feeling in their guts, all trying to find out if our firm can help them obtain another warehouse line. Today I was quoted in a Bloomberg article about Wells Fargo getting into mortgage warehouse lending in a big way… Our phones lit up like a Christmas tree minutes after the article appeared. Never in my 35 year history in the mortgage industry have I seen a crisis of this magnitude!! Bill, you are providing a critical service to the readers of MortgageNewsClips by keeping them updated on this critical issue! Good job!
2 Mr_Giro // Aug 4, 2009 at 5:16 pm
How does a person like David Lykken have any credibility? In my opinion, this is what is wrong with the mortgage industry. He put my company in business with a group of people who were later indicted by the Federal Mortgage Task force for the activities that were directly related to David. He also was the sole source for the BLBG article when Ken Logan was away and not able to provide a comment to the contrary. In one person’s opinion, he is a shameless opportunist.
Leave a Comment