Origination

Ally Bank is telling clients that it is exiting the warehouse lending business but it will give them time to secure new lines of credit from other lenders.

Chris Estes, who served as executive director of the North Carolina Housing Coalition since 2003, has been elected president and CEO of the National Housing Conference.

DebtX priced 55,510 commercial real estate loans with an aggregate principal balance of nearly $766 billion that were collateral for securitizations in May.

American icon Dick Clark died recently at the age of 82. He is best known for hosting the television show “American Bandstand” as far back as the 1950s to three decades at the helm of “Dick Clark’s New Year’s Rockin’ Eve” all the way up to this past Dec. 31. But what many people don’t know is that Clark also created and hosted several TV game shows and owned a chain of restaurants.

FinCEN said an increase or decrease in SAR filings is not necessarily indicative of whether there is more or less mortgage loan fraud activities taking place nationwide.

KossREsource.com, an online information portal for the commercial real estate industry, has gone live. Among the features of the site is an extensive database of debt and equity financing alternatives which is user driven.

Both the California Assembly and Senate approved the Foreclosure Reduction Act that provides protections for homeowners as well as reforms to the mortgage and foreclosure process.

Saudi Arabia, which is spending about $500 billion to build infrastructure and industry, said its cabinet approved the kingdom’s first mortgage law, more than a decade after it was first proposed.

Lender Processing Services will acquire mortgage origination technology developer LendingSpace in a deal expected to close later this month.

Do relevant regulations permit a bank or AMC to assign an appraisal on a Cairo, Georgia-based property to an appraiser whose office is physically located in Tallahassee, Florida? I suggest three key regulatory issues.