Deutsche Bank AG is beginning to make a run at U.S. nonbank mortgage lenders, offering them warehouse lines of credit but also requesting that they sell their loans to it on a correspondent basis, according to investment banking sources.
At press time, Deutsche Bank could not be reached for comment.
Meanwhile, there is a new concern among some warehouse managers and consultants that with Joe Murin, the president of the Government National Mortgage Association, stepping down, the agency's effort to aid the warehouse lending industry could be delayed or even imperiled.
"He was definitely the point guy there on the issue," said one warehouse consultant, requesting anonymity.
