Mortgage Daily Logo

The Warehouse Line

Mortgage News

Warehouse lines are the life blood of a traditional mortgage banker, and they’ve been hard to come since the financial crisis. But some warehouse lenders have been promoting their programs with a focus on one niche or another.

Fidelity Bank claims that it is one of the most adept players in the complex mortgage warehouse funding world. Its Mortgage Warehouse Program was established more than 25 years ago.

The “mortgage company retains substantial control over its funding and closing process,” promotional material from the Edina, Minn.-based company says. “Non-captive facilities allow the mortgage company to sell to a wider range of correspondent investors.”

Information about Fidelity’s warehouse programs is online at .

Although the availability of warehouse lines has somewhat improved recently, opportunities for small and mid-sized mortgage brokers and originators still need to be expanded, according to Stanley Street, founder and president of Street Resource Group Inc. The Washington, D.C.-based company claims to be the leading provider of warehouse lending software.

Street’s firm, which is located online at, specializes in servicing a broad base of lenders with low volume — keeping warehouse lines of credit flowing to small and mid-sized mortgage bankers.

“Today’s mortgage bankers are unable to grow without liquidity, and that liquidity is provided by warehouse lenders — you cannot have one without the other,” Street said. “When there is a scarcity in warehouse funds, there is a limited availability of credit to the marketplace. This reinforces the concentration of mortgage business by large banks and lenders and limits the mortgage financing options for consumers.”

A web page set up by explains warehouse lines for mortgage brokers and mortgage bankers and provides details about applying for a line. The page is located at

Morgan Stanley Bank, N.A., provided a $200 million revolving credit facility to PennyMac Financial Services Inc. last year, according to a filing with the Securities and Exchange Commission. The line is priced at LIBOR plus a small margin, and the loan repo facility is committed for a period of 364 days.

First Guaranty Mortgage Corp. launched a pilot warehouse program for mortgage brokers and small mortgage bankers last summer. Then, in October, it named Ken Jones senior vice president in charge of warehouse lending.

Credit Union Times previously reported that REMN Wholesale is providing warehouse lines to credit unions. The Iselin, N.J.-based company claims it is a good fit for credit unions since it is not a bank that can sell other financial services products to credit union customers.

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

The Mortgage Graveyard 2018 Archives

The Mortgage Graveyard 2018 Archives Failed, Struggling and Acquired Mortgage-Related Companies Non-Bank Closures 3 Bank Failures (FDIC) 0 Credit Union Failures 0 Total Mortgage-Related Failures 3  

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

MBS Statistics

MBS Statistics Non-Agency Issuance 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 Private Label RMBS Issuance (S&P) $80 billion to $100 billion (est) $70 billion $34...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Sample E-Mail

Sample E-Mail   Covering the Real Estate Finance Since 1999  Mortgage Industry News free news content | view headlines online  Advertorial Text Ad This ad includes a linked bold headline of up to 50 characters and up to 100 words of text. The ad can be...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI