As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify

Texas Capital Bank, one of the largest financiers of nonbanks in the nation, is in the midst of diversifying its activities due to a significant slowdown in the warehouse lending arena. According to the bank’s just-released first quarter results, yields from warehouse lending are actually up somewhat thanks to rising interest rates, but warehouse usage has cratered, cutting into the bank’s profits.
https://www.insidemortgagefinance.com/articles/224377-texas-capital-bank-working-to-diversify-as-warehouse-lending-falters?v=preview