Wholesale lenders

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.

Regulators recently penalized a mortgage firm for keeping a file of licensing-test questions to prep exam takers, the first public challenge to what is believed to be a hushed, but longtime, industry practice.

Mortgage brokers lead all other lenders when it comes to being real estate agents' preferred partners, according to the results of a survey from real estate information firm Inman.

Loans4Less.com in Redondo Beach, Calif., has agreed to buy consumer lending and peer-to-peer technology platform 321Lend.

The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.

The chance to earn higher compensation and the ability to offer more mortgage products is causing a growing number of loan officers to go out on their own.

The recent delay of new HECM rules is a reprieve for lenders scrambling to implement training and systems updates ahead of the original deadline. But it's also prompted questions about a key technology used by the reverse mortgage industry.

Mortgage banking and servicing company 1st Alliance Lending is introducing a new national mortgage lending platform