Aug 11
One of the “big boys” is finally coming to the table with the use of TARP funds for warehouse line lending! As of the second quarter, Citigroup has supposedly set aside $2B for this initiative. The big question of the moment is how quickly will they be able to “BRING IT”?
Relief is needed NOW, not 6-18 months from now:
“Citigroup approves $6B in new lending initiatives“
More signs of life related to warehouse line lending. Distressed GMAC sees warehouse line lending as an opportunity. Again, the question remains IF and WHEN exactly?!
“Questions Arise as GMAC Looks to Expand Lending“
