Originations

CIT Group Inc., New York, is getting into the commercial real estate lending business, looking to originate and underwrite transactions in the Boston, New York and Washington markets.

CoreLogic posted a net loss of $107 million off revenue of $348 million, the result of substantial losses from the discontinued operations of five business units in the third quarter of 2011. The results compare to a net loss of $93 million off revenue of $330 million in 3Q10.

Loan origination system provider Ellie Mae reported net income of $1 million for the third quarter of 2011, down from a $1.7 million profit in 3Q10, but better than its losses of $40,000 in 2Q11 and $800,000 in 1Q11.

Bill Beckmann begins each week with a flight from his home in St. Louis to Washington. The weekly flights have become a routine of sorts since he took on a job that of late, has become the most daunting among executive jobs in the mortgage industry, president and chief executive of Merscorp Inc.

Two AOL online destinations will incorporate the Zillow Mortgage Marketplace into their websites beginning in 2012.

Executives can learn from Hollywood. During speech coaching sessions I always ask, "What is your story?" So often executives ask, "Does my audience want to hear this?" "Yes!"

It may have been Raj Date's first time testifying before Congress as the interim head of the Consumer Financial Protection Bureau, but Republicans did not let him off easy.

Federal Reserve chairman Ben Bernanke Wednesday afternoon said the central bank might scale up its purchases of agency mortgage-backed securities if conditions warrant, but not right now.

Case Property Services has added a new service that helps borrowers and lenders resolve a commercial real estate workout.

Delinquency rates on securitized commercial mortgages continued to creep up in October with CMBS issuance slowing to a halt.

Clear Capital, a real estate analytics firm that provides data and solutions for financial services companies, has made changes to its senior executive team to support the company's business expansion.

The U.S. homeownership rate rose unexpectedly in the third quarter from 2Q as rental vacancies climbed -- with new evidence suggesting that tenants are tiring of rising rents.

BB&T Corp. has reached an agreement to acquire BankAtlantic to accelerate the financial services provider's expansion in Southeast Florida.

Because of still challenging market-making conditions, Credit Suisse Group is set to either downsize or cut altogether some securitization businesses and fixed-income units.

Nearly two-thirds – or 60% – of European CMBS maturing loans could fail to repay by the end of 2012, according to Standard & Poor's.

The New York Supreme Court late Monday denied Countrywide and Bank of America's motion to consolidate various claims against them made by four bond insurers led by MBIA Insurance Corp.

When word leaked out a few weeks ago that Bank of America had lost one of it top residential loan officers to a competitor, it had a message for the troops: we value your work and want to keep you.

The refinance boom of the third quarter both helped and hurt earnings at PHH Corp., Mt. Laurel, N.J. The company reported a net loss of $148 million during the period due to a $361 million write-down of mortgage servicing rights values.

For one day, Nov. 10, a hotline will be established for seniors and others to call in on as part of the effort to fight financial abuse for those over 65.

The government owned Ally Financial posted a $210 million loss in the third quarter, dragged down by a $471 million pre-tax charge tied to its mortgage servicing rights.