Flagstar Bancorp ended 2010 with $1.87 billion of outstanding mortgage warehouse lending commitments, a 23% jump from the previous year, according to survey figures.
The Troy, Mich., thrift's nonbank warehouse customers increased 27%, to 272 firms from 214.
The warehouse sector has turned around dramatically over the past year with several new entrants — mostly regional and community banks — entering the fold.
Among warehouse lenders, Flagstar ranks among the top five, according to preliminary figures compiled by National Mortgage News.
Flagstar has been restructuring its operations over the past two years. The company is considered "well capitalized" for regulatory purposes.
At Dec. 31 it had a 9.61% Tier 1 Capital ratio, despite a loss of $192 million in the fourth quarter.
