It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...

“Turn times are slower and processing times are longer,” said David Frase of Southwest Bank.

“There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm.

Warehouse banks ended the third quarter with $46.0 billion of commitments on their books, a 4.2 percent sequential decline as residential originations in the primary market slowed and nonbank customers needed less credit. According to survey figures compiled by Inside Mortgage Finance, warehouse commitments at the end of September were up 27.8 percent from the same point in 2014. The quarterly decline was...

Among the firms that have reported their figures to Inside Mortgage Finance are Southwest Bank, which had commitments of $563 million at Sept. 30...

The nation’s largest mortgage investing REIT, Annaly Capital Management, reported a $627 million loss in the third quarter compared to a $900 million profit in 2Q.

Warehouse executives seem optimistic about the immediate outlook for the sector, though some expressed concern how a wave of M&A activity has reduced the number of potential clients.

Angel Oak Mortgage Solutions in Atlanta hopes to price its first-ever nonprime MBS sometime next week – a $150 million bond issued through Nomura Securities, a top Angel Oak executive told Inside MBS & ABS. Mike Fierman, managing partner and CEO of Angel Oak Companies, an affiliate of the lender, said officials have been on an investor road show the past week or so, crisscrossing the country. “Investors love...

Of course, there is a way to avoid the zero capital cushion dilemma. Congress can pass legislation to allow the GSEs to build capital or FHFA can act...

The nation’s top-ranked warehouse lenders ended the second quarter with $27.2 billion of commitments on their books, a 9.6 percent sequential increase and a handsome 43.8 percent gain from the same period a year earlier, according to survey figures compiled by Inside Mortgage Finance. The entire warehouse sector, a universe that includes roughly 60 active lenders, posted similar gains as nonbank lenders in the primary market continued to increase market share, which in turn feeds their thirst for financing an ever-increasing pipeline. “Utilization rates have been...[Includes one data table]