Wholesale lenders

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.

The resignation of Stonegate Mortgage founder and CEO Jim Cutillo will likely result in either the quick hiring of a replacement CEO to execute Stonegate's business plan or the company being acquired, according to analysts at FBR Capital Markets.

Parkside Lending has introduced jumbo mortgages for properties with loan-to-value ratios as high as 95% and without mortgage insurance.

Blackstone Group has acquired a majority stake in the parent company of nonbank mortgage lender Stearns Lending.

Impac Mortgage Holdings reported an increase in second-quarter profit, citing higher gains on the sale of loans.

United Wholesale Mortgage has introduced software to help brokers and correspondents close loans faster.