Warehouse credit is becoming more available, but only for the smallest and biggest mortgage lenders, an industry adviser said.

Those companies that want a line of $10 million to $15 million can find someone willing to provide the credit, though not at the terms the industry is used to, said Peter Norden, the president and chief executive of AMA Advisors. On the other end of the spectrum, larger lenders are finding Wall Street firms willing to provide funding, Norden said Wednesday during a panel discussion at the Regional Conference of Mortgage Bankers Associations in Atlantic City.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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