BNC Mortgage Inc. reported last week that it has a $50 million warehouse credit and security agreement with Residential Funding Corp.

The credit supplies warehousing for conventional, subprime, and second mortgage loans and expires March 1, 2000.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.