To Our Clients, Colleagues and Friends,

How long does a bank have left to live after it receives a Prompt Corrective Action letter?  If you look at Los Padres Bank, they consented to a PCA letter on July 27th (they were told to raise capital), and they got seized this past Friday.  That was 24 days. [...]

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To Our Clients, Colleagues and Friends,
· Regulators seem to confuse correlation with causation when it comes to brokered deposits, and they seem to equate brokered deposits with bad loans.  There is a strong correlation, but wet sidewalks don’t cause rain, and brokered deposits can be used wisely and prudently. Anyway, we’d like to switch the [...]

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To Our Clients, Colleagues and Friends,

One of the major warehouse lenders is pulling back a bit, but the good news for California mortgage bankers is that Pacific Premier Bank in Orange County is starting to become a serious player. Your guy there is Bill Owen (bowen@ppbi.com).  You need to be headquartered in California , but [...]

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To Our Clients, Colleagues and Friends,

Early this year, NexBank of Texas engaged us to help them help them get into Warehouse Lending, and we were impressed at their commitment, right up to their President, Davis Deadman .  This $600 million Dallas-based bank likes warehouse lending, has the people on board to make it run smoothly, [...]

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