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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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
April 23