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CMBS Deal for Deutsche Bank and Starwood

With its recent participation in a major commercial mortgage loan securitization, Starwood Property Trust, Inc. is enhancing its debt-related funding. The transaction, led by Deutsche Bank Securities, Inc., included four first mortgage loans contributed by Starwood, which when combined carried an aggregate principal balance of $154.

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Royal United Hiring on Heels of Expansion

In Indianapolis, Indiana, Royal United Mortgage LLC is creating more than 140 jobs with its planned expansion. The company recently announced its intention to install a new office in the north sector of the city, which will result in adding a high number of new employees between now and 2013.

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CoreLogic Gives Mortgage Builder More

A new offering from CoreLogic is set to boost Mortgage Builder Software├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós programming, with the recent addition of a CoreLogic-driven verification component that will allow for the integration of tax return income.

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Overture’s Mortgage Division Acquired

Overture Technologies, Inc., has been partially acquired by CompuGain Corporation and its mortgage division is now a wholly-owned subsidiary of the company. Overture, a software solutions company for the mortgage and educational finance industries, sold its mortgage component to CompuGain and will continue to operate as Overture Financial Solutions under the CompuGain banner.

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New Position, New Hire for Sperlonga

Sperlonga Data and Analytics welcomes Brent Stokes as its choice for the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós newly created position of senior vice president. Stokes brings veteran experience earned over a 26-year career in the mortgage industry to his new role, which encompasses Sperlonga├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós homeowners association-oriented programs for lenders, investors, servicers, and other stakeholders.

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Fall Bond Sale by Big Banks Set

Big lenders are set to unload up to $5 billion in commercial mortgage bonds, with planned securities offerings scheduled in September and October. Participating financial institutions include Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp., Morgan Stanley, Wells Fargo & Co., Royal Bank of Scotland Group Plc, and JPMorgan Chase & Co. The upcoming bond sales are largely attributed to the effects of struggling U.S. employment numbers, the European debt crisis, and the resistance against debt.

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New Acquisition for Purchase-Happy PSMH

Another acquisition for PSM Holdings, Inc. is in the works, with the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós announcement that it has established a letter of intent to purchase Iowa Mortgage Professionals, Inc. This is the third such move by PSMH.

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Zillow: Mortgage Rates Fall. Again

Mortgage rates continued falling to new lows, according to real estate Web site Zillow, which released rates in the latest Mortgage Marketplace note Tuesday. According to Zillow, the benchmark 30-year fixed-rate loan jumped four basis points to hit 4.07 percent Saturday, up from 4.09 percent last week. Zillow tracks mortgage rates by pooling anonymous loan quotes submitted by the 1.7 million users that it says follow its Web site on a daily basis. The Zillow rates track ongoing mortgage-rate declines reported by Bankrate and Freddie Mac.

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Accenture Acquiring Zenta

Accenture is planning to acquire Zenta as part of the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós ongoing efforts to bolster its mortgage lending and servicing operations. The terms of the transaction have not been released, but Accenture has confirmed its intention to debut a new division targeting consulting, technology, and BPO offerings.

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