Relevant:
- BREAKING NEWS: National City (PNC) and Guaranty Bank to Exit Warehouse Lending
- Sterling Bancorp Launches Mortgage Warehouse Lending Business
- First Cal Chosen as Pilot for Fannie's Warehouse Lending Initiative
- New South Federal Savings Bank Added To Ailing/Watch List
- Citigroup Decides to Exit Warehouse Mortgage Lending
2009-05-05 — ml-implode.com
The news of PNCs decision to pull the plug on National Citys Warehouse Lending division came out in mid-March, but the complete shutdown wont occur yet for months. Contracts will expire, clients are being given time to locate other funding sources - but the fact remains... an icon of warehouse lending now has its days numbered.
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