Wholesale lenders

Flagstar Bancorp reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan loss reserves.

Stonegate Mortgage Corp. in Indianapolis has promoted James Smith, its president and chief operating officer, to be its permanent CEO.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.

QRM clarified the rules of the road for securitizations. Now, participants in the MBS world seeking better margins are looking beyond the safe harbor — to the subprime space.

Flagstar Bancorp in Troy, Mich., has launched a national homebuilder lending platform.

The Federal Home Loan Bank System was designed to provide liquidity to community lenders and traditional insurers, not to unregulated lenders that circumvent the membership rules.

Mortgage startup Nexera Holding has reached $100 million in fundings just six months after it began operations.

Funds managed by Blackstone's private equity group will acquire a majority stake in the corporate parent of Stearns Lending for an undisclosed amount.

Issues with upgrading software and ensuring pricing accuracy to comply with the consumer bureau's "integrated disclosures" have been magnified in wholesale loan transactions.

With the implementation date for the TILA-RESPA Integrated Disclosures just days away, here's a look at some of the finishing touches the mortgage industry is making to its technology and training preparations.