Origination

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.

Arizona’s housing market, one of the nation’s four worst hit by the foreclosure crisis, is seeing constant improvements in housing prices, employment and overall recovery compared to 2012.

Despite interest rates rising, origination volume remains stable and a downward trend in delinquencies and foreclosures continues nationwide through July.

Economists at Wells Fargo Securities are sticking with their theory that extremely wet weather in the South is responsible for the recent slowdown in new home construction and sales.

Stewart Lender Services, Houston, has acquired Allonhill LLC, a due diligence and risk management company based in Denver.

The Eleventh Federal Home Loan District Cost of Funds Index was virtually flat in July compared with June at 0.954%.

Credit unions’ $66.1 billion in first mortgage originations is the highest ever through June, helped by a record $34.9 billion in home loans being granted to members during the second quarter.