Origination

There were 13 of 17 Mortgage Industry Equity Composite member stocks closing higher on Tuesday, led by Fidelity National Financial and Ellie Mae.

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.

The issuance of U.S. commercial mortgage-backed securities has totaled $56 billion so far this year, handily beating the $48 billion place in all 2012

Both builders and developers report that lenders are loosening their purse-strings on their all-important acquisition, development and construction funding.

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.

A recent vacation reminded Brad Finkelstein about the benefits of having a good credit profile.

NCUA filed suit against Morgan Stanley & Co., Inc. and other firms, alleging violations of federal and state securities laws in the sale of more than $566 million in mortgage-backed securities to U.S. Central and WesCorp.