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Special Reports Warehouse Lending Warehouse Lenders Expecting a Correction MortgageParticipation.com Recruits Banks Transnational Gets $20MM Line Access: Broker Demand for Lines Has Surged ABFS Gets Two Lines RFC Issues AmNet $100MM Line By Brad Finkelstein SAN DIEGO--American Mortgage Network, a mortgage wholesaler here, has received a $100 million warehouse line of credit from GMAC Residential Funding Corp., Minneapolis. The new line brings AmNet's total warehouse capability to $1.4 billion. John M. Robbins, chief executive of AmNet, said, "Building a relationship with RFC enhances our ability to broaden our product menu and offer our brokers new alternatives for their customers. The new purchase environment encompasses a wide range of borrowers, many of whom want alternatives to the traditional 30- and 15-year, fixed-rate product. "It is essential that we give our brokers the products that will make them more competitive in the marketplace." Other warehouse providers for AmNet include Countrywide Warehouse Lending, UBS Warburg Real Estate Securities Inc. and J.P. Morgan Chase Bank. In the second quarter, AmNet had originations of $3 billion. It is a subsidiary of American Residential Investment Trust Inc.

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