Basel draft leaves nonbank warehouse financing in limbo
The latest Basel III proposal could encourage banks to hold more mortgages, but its impact on financing they provide to nonbanks selling home loans is "murkier," according to a new report.
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Basel draft leaves nonbank warehouse financing in limbo
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.Bonnie Sinnock (National Mortgage News)