Christopher T. Kelly has been named director and head of real estate in the structured finance group of CapitalSource Finance LLC, a specialized commercial finance company based in Chevy Chase, Md.Mr. Kelly has more than 17 years' experience in commercial real estate finance, CapitalSource said. He was a founding member in 1999 of CDC Mortgage Capital, where he has served as a managing director chiefly responsible for originating senior and mezzanine large-capitalization loans. He was previously a vice president and senior originator with Lehman Brothers when it was the market's most active originator of CRE whole loans and mortgage-backed securities, CapitalSource said. The company can be found online at http://www.capitalsource.com.
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Mortgage Bankers Association economist Marina Walsh said lenders could be failing to close more loans as more consumers apply with multiple originators.
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Transunion will offer the credit scoring model for $4 in 2026, following previous moves made by VantageScore partners Experian and Equifax.
October 18 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations.
October 17 -
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
October 17