Relevant:
- Northpointe Bank Exiting Correspondent Lending
- Ally Financial Halts Mortgage Purchases in Massachusetts After State Sues
- BREAKING NEWS: National City (PNC) and Guaranty Bank to Exit Warehouse Lending
- GM to Buy Non-U.S. Units From Ally in $4.2 Billion Deal
- Warehouse Lending: What to do when Demand Outstrips Supply?
2012-07-03 — nationalmortgagenews.com
``Ally Bank is telling clients that it is exiting the warehouse lending business but it will give them time to secure new lines of credit from other lenders. Ally Bank will continue to purchase loans through its correspondent and wholesale channels.''
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