Mortgage Network, Danvers, Mass., has temporarily suspended its wholesale and correspondent originations in order to cope with a federal policy-driven spike in refinance applications that an executive at the company said has strained market-wide warehouse line capacity in the channels.

"We still love wholesale and correspondent, it's just the ... lines [are] restricted," Executive Vice President Brian Koss told National Mortgage News. He said the company is exploring several options to try to address the problem before January. He said the retail arm of the company and the institution as a whole remains sound.

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