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.