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.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry