Wholesale lenders

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.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

Regulators gave conditional approval for CIT Group's deal to buy OneWest Bank, paving the way for an institution that would be deemed systemically important, with $70 billion in combined assets.

HomeTrust Bancshares has hired Kristin Powell as senior vice president and director of mortgage lending. She now holds the position alongside John Myers, who has been with the Ashville, N.C. bank for more than 30 years.

United Wholesale Mortgage has begun offering interest-only mortgages through its third party origination channels.