Seeking to bind correspondents to it with financing, PNC Mortgage plans to expand its warehouse lending.

The Vernon Hills, Ill., mortgage lender said it will concentrate on the market's lower end, supplying lines of credit to mortgage banks with a net worth of about $1 million.

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.