This questions was submitted by ACUMA Member Glen Ogden, from Appleton, WI.

"I just spent three days in Chicago at the MBA Secondary Conference.  Correspondent mortgage companies are hurting for warehouse lines and most banks are simply not offering them.  The few that are are charging huge fees and rates and churning their lines every thirty days.  The product being offered right now are all agency eligible or FHA insured loans.  I see a real need and a way for our credit union to get some more money out the door. WHat are others doing?"

You may post your comment here or email Glen directly at Glen.Ogden@communityfirstcu.org.

Thanks again.