""MountainView Capital Holdings, LLC"":http://www.mvch.com/, a Denver-based mortgage analytics and trading services firm, recently announced that it has acquired the fixed income broker-dealer arm of the bankrupt commercial real estate lender ""Capmark Financial Group"":http://www.gmaccm.com.[IMAGE]
Capmark Financial sold off its North American loan origination and servicing businesses to ""Berkadia Commercial Mortgage"":http://www.berkadia.com at the end of last year, and its real estate equity advisory subsidiary, Capmark Investments, to real estate developer ""Trecap Partners"":http://www.trecappartners.com in March 2010.
MountainView's acquisition, Capmark Securities, Inc., has been renamed MountainView Securities, and the company says the new business has broadened its capabilities in[COLUMN_BREAK]
mortgage pipeline hedging and trading of fixed income securities, including mortgage-backed securities (MBS).
""We have a longstanding commitment to offer comprehensive and high-quality services to institutional participants in the dynamic mortgage and fixed income capital markets,"" explained Michael Morgan, CEO of MountainView Capital Holdings. ""With the acquisition, key hires, and new offerings for MountainView Securities, we continue to build on our commitment.""
To complement its purchase of the Capmark securities subsidiary, MountainView also hired a seasoned team of fixed income professionals from ""Madison Williams and Company, LLC"":http://www.madisonwilliams.com/, led by Ansel Eshelman, the new managing director and head of fixed income trading at MountainView Securities.
In addition to providing institutional fixed income trading, MountainView Securities is now offering trading and hedging lines to loan originators in the mortgage banking industry.
Eshelman and his team from Madison Williams say they believe pipeline hedging will continue to be a growing service segment in the mortgage market.
MountainView's institutional client base includes small community banks and mortgage companies, regional money center banks, state and local governments, insurance companies, and Wall Street investment firms.