Paul Muolo

Sovereign Bank of Philadelphia could be facing losses on a $50M loan it made to Taylor, Bean & Whitaker Mortgage that was collateralized by that now-defunct home lender's servicing rights.

In a few weeks CMG Mortgage in San Ramon, Calif., will bestow a gift on loan brokers in five western states: It will begin accepting their submissions for a new jumbo product with balances as high as $2.5 million.

The failure of Colonial Bank a few weeks ago, coupled with some high-profile departures among regulators and agency heads, could exacerbate the ongoing problems in warehouse lending.

CUs have not been huge players in mortgage banking, with some notable exceptions. One mortgage insurer plans to fund jumbo loans ...