Servicing

Residential mortgage lender Cobalt Mortgage, Kirkland, Wash., has opened a new branch in Bellingham, its 19th office in the state.

The Federal Housing Finance Agency reported that total refinancings by Fannie Mae and Freddie Mac seller/servicers fell 8.8% from the first quarter to 1.28 million in the second quarter.

Ares Commercial Real Estate Funding has completed its purchase of EF&A Funding LLC, which does business as Alliant Capital LLC, for nearly $61 million.

The August delinquency rate for U.S. commercial real estate loans in CMBS dropped for the third straight month.

In today’s multifaceted lending environment lenders need to use sophisticated loan servicing systems that support multiple business channels and adapt to ever-changing industry rules and regulations.

Mountain Real Estate Capital has entered into a joint venture agreement with Lansdowne Development Group that is in line with the firm’s dynamic growth strategy of the past three years.

The Mortgage Grapevine has an originator looking for a funding source to do a $1.12 million commercial refinance.

Arizona’s housing market, one of the nation’s four worst hit by the foreclosure crisis, is seeing constant improvements in housing prices, employment and overall recovery compared to 2012.

Despite interest rates rising, origination volume remains stable and a downward trend in delinquencies and foreclosures continues nationwide through July.

Stewart Lender Services, Houston, has acquired Allonhill LLC, a due diligence and risk management company based in Denver.