News World

Demise of warehouse lenders creates opportunity for local banks and credit unions

DENVER, Colo., March 10 (SEND2PRESS NEWSWIRE) — Community financial institutions can build profitability and accelerate local economic recovery by adding mortgage warehouse line lending to their commercial offerings, according to U.S. mortgage lending services outsource expert Titan Lenders Corp (titanlenderscorp.com). Titan has launched a warehouse lending operations service platform to facilitate community bank and credit union entry into warehouse lending - a form of commercial lending specific to mortgage banking businesses. The platform helps regulated institutions sustain a prudent level of due diligence, compliance and profitability when offering bridge financing required by non-depository mortgage bankers.

Community and regional financial institutions are positioned to replace the warehouse line lenders that have exited the industry en masse over the last 18 months, as explained in the Titan Lenders Corp blog (titanlenderscorp.com/blog/).

According to the March 9 edition of the Mortgage Bankers Association [...]

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China says a US Navy ship involved in a confrontation with its vessels off Hainan island broke international law.

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A suicide bomber detonated explosives at a mosque in southern Sri Lanka on Tuesday, killing 10 people and wounding 20 others, authorities said.div class=”feedflare”
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San Francisco Chronicle has reached a tentative agreement with its largest union on contract concessions, a key step in keeping the newspaper from being sold or closed, officials announced Monday.div class=”feedflare”
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The Dalai Lama launches a fierce attack on Chinese rule in his Tibetan homeland, describing life there as “hell on Earth”.

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At least 10 people are killed and 20 injured in a suicide bomb attack in the town of Akuressa in southern Sri Lanka, police say.

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March 10 marks the 50th anniversary of the failed Tibetan uprising against Chinese rule, and the chasm between Beijing and critics of its Tibet policies remains deep and wide. Pro-Tibet supporters have marched in London and other cities to mark the anniversary. But Chinese officials blame the 50-year conflict on the Dalai Lama, accusing the Buddhist leader of seeking to sever Tibet from China.div class=”feedflare”
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The Chinese government has made life “hell on Earth” for Tibetans during the half-century since a failed uprising against its rule in 1959, the Dalai Lama said Tuesday.div class=”feedflare”
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European aerospace group EADS made a profit of 1.57bn euros in 2008 despite the uncertain economic climate.

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At least 10 people are killed and 20 injured in an explosion near the town of Matara in southern Sri Lanka, police say.

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