Get a Lower Mortgage Rate
Business and Personal Loans
Payoff Land Contract
Refinance and Save Money
Flexible Payment Options
Investment and Commercial
Purchase Mortgage in Grand Rapids by Lendicor Mortgage of Grand Rapids Michigan
Refinance Mortgage in Grand Rapids by Lendicor Mortgage of Grand Rapids Michigan
Mortgage Refinance
Debt Consolidation
Purchase Mortgage
One Low Mortgage Payment
Eliminate Credit Card Debt
Payoff Auto & Equipment Loans
Pay Judgments & Collections Due
Good or Damaged Credit OK
We Understand
Fixed or Variable Rate Loans
Minimum Documentation
Investment and Commercial
Interest-Only Mortgage Option
Get the Best Rate and Terms
Government Loan Information
Grand Rapids
Muskegon
Holland
Lansing
Kalamazoo
Battle Creek
© Lendicor 2006-2010
Toll Free
800-439-8940
Rogers City Mortgage by Lendicor
Mortgage  of Rogers City

Grand Rapids Mortgage Company
by Lendicor Mortgage of Grand Rapids

Better Business Burearu -West Michigan
by Grand Rapids Mortgage

Mortgage Rates - Grand Rapids Area
by Grand Rapids Mortgage Associates

Grand River Mortgage Brokers
by Lendicor Mortgage of Grand Rapids

West Michigan Whitecaps Baseball
by Grand Rapids Mortgage - Grand Rapids

Lendicor Mortgage & Home Equity of
Grand Rapids  Michigan

Mortgages in Muskegon Holland Alma
by Lendicor Mortgage of Grand Rapids
Grand Rapids Mortgage by
Lendicor Mortgage of Grand Rapids

Grand Rapids Association of Realtors
by Grand River Mortgage of Grand Rapids

Grand Rapids Parks and Recreation Dept
by Grand Rapids Mortgage

Mortgage Rates - Grand Rapids Area
by Grand Rapids Real Estate Associates

Grand River Mortgage Company
by Lendicor  Mortgage of Grand Rapids

Grand Rapids Griffins Hockey
by Grand Rapids Mortgage - Grand Rapids

Grand Rapids Howard City Mortgage
by Lendicor Mortgage of Michigan

Big Rapids Cadillac Rogers City Mortgage
by Lendicor Mortgage of Grand Rapids
Grand Rapids Lansing Battle Creek Alma
Mortgage by Lendicor of Grand Rapids

Grand Rapids Mortgage Company
by Lendicor Mortgage of Grand Rapids

Grand Rapids Visitors Bureau
by Grand Rapids Mortgage

Real Estate Guide to Grand Rapids
by West Michigan Mortgage

West Michigan Home Builders Association
by Lendicor Mortgage of Grand Rapids

Grand Rapids Rampage Arena Football
by Grand Rapids Mortgage - Grand Rapids

Cadillac Traverse City Ludington Mortgage
by Lendicor Mortgage of Grand Rapids

Ludington Cadillac Big Rapids Lansing
Mortgage by Lendicor Grand Mortgage
Rogers City
Big Rapids
Cadillac
Alma
Ludington
Grand Haven
Call the Grand Rapids mortgage experts at Lendicor.com for all your mortgage needs!  Serving  Grand Rapids, Muskegon, Holland, Grand Haven, Kalamazoo, Battle Creek, Big Rapids, Cadillac , Alma, Mt Pleasant, Lansing, Ludington, Rogers City & all of Michigan.
Member
Better Business Bureau
of West Michigan
Call the Grand Rapids
Mortgage Experts at
Lendicor !!!
Grand River USA LLC    250 Monroe Ave NW, Suite 400    Grand Rapids MI 49503
Lendicor Mortgage of Grand Rapids for all your refi mortgage, purchase mortgage, and debt consolidate mortgage needs
Michigan's Mortgage Center
Call the mortgage professionals at Lendicor for all your mortgage needs. Lendicor also offers home improvement loans in addition to the finest in
refinance, debt consolidation, and purchase mortgage products to meet your needs.  Toll Free 800-439-8940 or apply online today!
Howard City Mortgage by Lendicor
Mortgage  of Grand Rapids

Muskegon Grand Haven Holland Mortgage
by Lendicor Mortgage of Grand Rapids

Better Business Burearu -Grand Rapids
by Grand Rapids Lendicor Mortgage

Mortgage Rates - Grand Rapids Area
by Grand Rapids Mortgage Associates

Grand Rapids Mortgage Brokers
by Lendicor Mortgage of Grand Rapids

West Michigan Whitecaps Baseball
by Grand Rapids Mortgage - Grand Rapids

Lendicor Mortgage & Home Equity of
Grand Rapids  Michigan

Mortgages in Kalamazoo Battle Creek Alma
by Lendicor Mortgage of Grand Rapids
Grand Rapids Mortgage by
Lendicor Mortgage of Grand Rapids

Grand Rapids Association of Realtors
by Grand River Mortgage of Grand Rapids

Grand Rapids Parks and Recreation Dept
by Grand Rapids Mortgage

Mortgage Rates - Grand Rapids Area
by Grand Rapids Real Estate Associates

Grand River Mortgage Company
by Lendicor  Mortgage of Grand Rapids

Grand Rapids Griffins Hockey
by Grand Rapids Mortgage - Grand Rapids

Grand Rapids Howard City Mortgage
by Lendicor Mortgage of Michigan

Big Rapids Cadillac Rogers City Mortgage
by Lendicor Mortgage of Grand Rapids
Grand Rapids Lansing Battle Creek Alma
Mortgage by Lendicor of Grand Rapids

Grand Rapids Mortgage Company
by Lendicor Mortgage of Grand Rapids

Grand Rapids Visitors Bureau
by Grand Rapids Mortgage

Real Estate Guide to Grand Rapids
by West Michigan Mortgage

West Michigan Home Builders Association
by Lendicor Mortgage of Grand Rapids

Grand Rapids Rampage Arena Football
by Grand Rapids Mortgage - Grand Rapids

Cadillac Traverse City Ludington Mortgage
by Lendicor Mortgage of Grand Rapids

Ludington Cadillac Big Rapids Lansing
Mortgage by Lendicor Grand Mortgage
Home Mortgage Refinance by Private
Mortgage  
Wholesale of Grand Rapids Michigan


Roofing Siding Windows by Grand
River USA Home Improvement of
Grand Rapids Michigan


Commercial Mortgage Loans by
Lendicor  
Mortgage Center of Grand Rapids
Michigan


Lakeshore Jumbo by Andrew Blair of
Private Mortgage Wholesale of Grand
Rapids Michigan


Grand Rapids Rampage Arena Football
by Lendicor Business and Personal
Money Center of West Michigan


Purchase Money Mortgage by Private
Mortgage
Wholesale of Grand Rapids Michigan


Debt Consolidation Mortgage by
Private Mortgage Wholesale of Grand
Rapids Michigan
Sep 22 Warehouse Line Relief, but only for Big Banks

Warehouse line relief is coming in small waves, but only for the big banks, despite the fact that small and community
banks (as we have consistently been pointing out) are the most stable, have greater trust from their customers and would
benefit the most from a solution to the warehouse liquidity crisis!

Read our recent article in Mortgage Orb: “REQUIRED READING: How Independent Mortgage Bankers Can Survive The
Warehouse Crisis“

Restoring the productivity of the U.S. mortgage marketplace is a critical, perhaps linchpin, element of both domestic and
global economic recovery.Despite conditions ripe for our industry to experience resurgent and restorative volume,
independent mortgage bankers have been restrained by a massive retreat from warehouse-line lending. (More)

Despite recent lobbying efforts and legislation, changes thus far have done nothing more than bolster the big banks
whose stability has been questionable for some time. ”Big Bank” lenders saved by Troubled Asset Relief Program (TARP)
allocations are gaining market share, which poses a dangerous imbalance to our recovery and long-term financial
sustainability. From the MBA:

MBA Keeps Up Pressure on Warehouse Lending
Sorohan, Mike

More than 90 percent of warehouse lending capacity has disappeared in the past few years–an issue the Mortgage
Bankers Association has made a priority in communication with policymakers and legislators.

Last week, MBA stepped up those efforts on two fronts. On Aug. 27, MBA and the Warehouse Lending Project, a coalition
of independent mortgage bankers, met with Treasury Department officials to discuss how Fannie Mae, Freddie Mac and
Ginnie Mae could help jumpstart warehouse lending activity.

Additionally, MBA last week coordinated with 17 state mortgage lending associations in a letter to the Senate, asking for
their support in creating a solution that would open up warehouse lending channels.

The activity comes at a time when warehouse lending activity remains stagnant. Warehouse lending is a short-term
revolving line of credit provided to a mortgage company to fund mortgages from the closing table to sale in the secondary
market. It is the mechanism by which virtually all non-depository mortgage bankers fund loans that are eventually sold
into the secondary market to Fannie Mae, Freddie Mac and Ginnie Mae. Today, loans originated through warehouse
lines are responsible for at least 25 percent and as much as 40 percent of all residential mortgages, including more than
half of all Federal Housing Administration loans.

MBA estimates that the number of active warehouse lenders declined from a peak of more than 115 in 2005, to fewer
than 30 today?The total aggregate capacity of warehouse lending credit has declined to about $25 billion, down nearly
90 percent from the level reported in 2007. (more)

Here is more recent mortgage industry news concerning warehouse line lending which outlines the problems for smaller
banks:

NATIONAL MORTGAGE NEWS: September 21, 2009Warehouse Squeeze Eases—but Only for Bigger Players

Banks are becoming somewhat more willing to provide warehouse lines to larger and medium-sized players, but it remains
difficult to say when and if lines will be again be available for “mom and pop” mortgage brokers and other small
originators that are among those hardest-pressed by regulation and the downturn.

For relatively small players, the warehouse lending situation has “gotten worse, not better,” according to Scott Stern,
CEO of Lenders One, St. Louis, a cooperative aimed at giving its members the collective scale they need to compete in
the market effectively.

As a result of this situation, brokers’ and smaller players’ main career alternatives on the origination side of the business
in the near term may continue to be either collectives that aim to preserve their autonomy while supporting and sharing in
the profits from their efforts (sometimes referred to as “branching” operations) or joining a lender’s staff.

Warehouse line availability today is “driven by net worth and line size,” Mr Stern said. “Unless you need a $100 million line
and have a $10 million net worth, [warehouse lines] are getting harder and harder to find.” (more)

Small banks fail in big numbers

Left behind in finance revival
The Washington Times
By Patrice Hill

While attention has focused on the improving fortunes of the nation’s largest banks and Wall Street firms, an increasing
number of smaller banks have succumbed each week to a slow tidal wave of defaults on consumer and business loans.
(more)