Docucon Inc., Latham, N.Y., has entered into a nonbinding letter of intent to merge with I.L. Products Inc., a San Antonio-based corporation doing business as GrayStone Mortgage.Under the proposal, GrayStone would become a wholly owned subsidiary of Docucon, GrayStone said. Further details were not disclosed. The letter of intent was entered into on May 30, but the announcement was made July 7 by GrayStone. GrayStone can be found on the Web at http://www.paperbiz.com.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
