Capital Alliance Income Trust Ltd., San Francisco, is discontinuing the operations of Capital Alliance Funding Corp., its mortgage banking subsidiary.CAFC plans to sell its mortgage loan inventory. Any unsold loans will be transferred to CAIT or sold to an affiliated company at fair market value. Investment mortgage loans will continue to be originated for CAIT's portfolio, the company said in a statement.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.