Industry NewsMortgage

Indie lenders lack short-term funding

Warehouse role for Fannie, Freddie?
Published on Apr 7, 2009

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by CareyBot

The Mortgage Bankers Association is calling on the government to guarantee warehouse lines of credit that provide independent lenders with short-term funding to originate loans.

Warehouse lending capacity is about one-tenth what it was two years ago, having shrunk from $200 billion to between $20 billion and $25 billion, said MBA president and CEO John Courson in an editorial published by The Washington Times.

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