In response to continuing pressures from the commercial mortgage-backed securities market on public companies to maintain consistent quarterly earnings in the origination and securitization sectors, Finova Realty Co. announced last week that it was quitting the securitization business and will instead act as an origination arm for J.P. Morgan & Co. According to company officials, the newly formed alliance will first securitize Finova collateral at the end of the first quarter 2000, with three securitizations slated for next year in total.

In a similar turn of events, at week's end Dallas-based Amresco Inc. finally agreed to sell its commercial mortgage business to Lend Lease Services Inc. in New York. Amresco also sold its structured finance business to the company.

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