Wholesale lenders

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.

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.

The onetime track star was a fixture at the Mortgage Bankers Association for nearly 20 years and a familiar face at industry conferences.

Flagstar Bancorp in Troy, Mich., has hired industry veteran Leonard Israel to lead its mortgage division.

Stonegate Mortgage Corp. is rolling out a new system that it says will give home-loan investors greater ability to handpick the debt they want to buy.

After a "landmark" first-quarter driven by mortgage origination gains, Flagstar Bancorp is counting on mortgage servicing and community banking to spur future growth.

Citadel Servicing Corp., a California-based nonbank wholesale mortgage lender and servicer, has rolled out a subprime second trust deed loan program.

Wholesale lenders and their brokers are finding preparing for the new mortgage disclosures that take effect in August especially tricky.