The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
Of the alternative documentation used, bank statements looking back 12-23 months, accounted for 41.6% of that group.
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
Half the borrowers are self-employed, and 21.5% of the mortgages have multiple borrowers.
