Non-QM boom may be telling lenders the wrong story

Zack Wheeler hasn’t played for the New York Mets in seven years, but he’s still pitching flamethrowers in the Big Apple housing market. The Philadelphia Phillies ace and his wife, Dominique, sold the penthouse at 73 Wooster Street in Soho for $26 million, the New York Post reported. The deal breaks down to $5,400 per…

Fall is almost here and a slight chill — plus the scent of freshly sharpened pencils — is in the air. For Starwood Capital Group, there’s also a new leader at the helm of its debt business as the firm gears up for the fourth quarter.  Starwood Capital has hired Michael Eglit as its new…

The former CEO of an investment platform allowing investor access to pre-IPO private market options lied about the securities prices to boost the company’s revenue at the expense of customers, according to the Justice Department. Linqto founder William Sarris was arrested in California and accused of fraud and conspiracy, according to an indictment unsealed this…

Kyle Kennedy, the granddaughter of Robert F. “Bobby” Kennedy and Ethel Kennedy, has died at the age of 42. Kennedy, one of the late couple’s 34 grandchildren, died at her home in Westwood, MA, on Sept. 21, according to her obituary. The Westwood Town Clerk confirmed to People that her cause of death remains pending….

Mandatory advice for first-time buyers, put forward by Paradigm in a recent discussion paper, has been rejected by a number of advice firms as an unnecessary measure and removal of consumer choice. Rather than taking choice away, some in the industry believe that brokers should make the advice proposition so compelling that consumers would…

Director Paul Feig and his wife, Laurie, have listed their Lenox Hill condo in New York City for $2.99 million. The one-bedroom unit at 40 E. 61st Street sits on the 12th floor of a prewar art deco condominium between Madison and Park avenues, a block from Central Park. It measures just under 1,000 square…