Wells Fargo Plans Foray Into Warehouse Lending
San Francisco-based bank and mortgage lender Wells Fargo is reportedly looking to venture into warehouse lending, according to Bloomberg.
The paper, which cited two people familiar with the matter, said the business would be based out of Atlanta, and headed by Kenneth Lognan, who was acquired via the Wachovia merger.
Back in February, Wells chief John Stumpf said the bank had been out of the warehouse Read more
MBA Looks to Save Warehouse Lending
The Mortgage Bankers Association has proposed a solution to the warehouse lending shortage, which has pushed many smaller mortgage bankers to the brink despite the recent pickup in loan origination volume.
Warehouse lending, which provides short-term funding to smaller, independent mortgage bankers so they can compete with the likes of larger depository banks and lenders, has dwindled since the mortgage crisis took Read more