Mortgage brokers warned of warehouse lending scammers
Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers' sensitive personal information, California regulators say
by Matt Carter Aug 28
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5
Flagstar exiting warehouse business to bolster parent NYCB
JPMorgan Chase Bank has agreed to buy about $5B in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations
by Matt Carter May 15