Commercial lending

The amount of commercial and multifamily mortgage debt outstanding rose to a record high in the third quarter, according to the Mortgage Bankers Association.

Nicholas Schorsch, American Realty Capital Properties Inc.'s former executive chairman, is walking away from a compensation package valued at about $100 million, company filings show.

If the Securities and Exchange Commission bans Standard & Poor's from rating commercial mortgage-backed securities, as it is reportedly planning to, bonds backed by a single, large asset would be hit disproportionately, according to JPMorgan.

The Federal Agricultural Mortgage Corp. has given its president and chief executive, Timothy Buzby, a two-year extension on his employment contract.

Commercial mortgage-backed securities risk as measured by an index of underwriting and macroeconomic variables is up 11 points from 2013. That's still below its 2007 level, a researcher noted Thursday.

Mortgage lending, particularly for bigger banks, cooled some in October as home buying season ended. Meanwhile, loan pricing deteriorated again, showing that lenders are still cutting rates to land the best credits.

Meeting people and getting to know them remains the most successful way of getting new clients.

Starwood Waypoint Residential Trust plans to offer $505 million of debt tied to its rental properties in its first bond sale, according to a person with knowledge of the transaction.

Freddie Mac announced its first K-deal that includes a manufactured housing community loan.

More property owners are jumping on a drop in financing costs and loosening terms to pay off their mortgages.

A new multifamily investment product will for the first time allow Freddie Mac to buy and guarantee bonds backed by multifamily loans that were originally underwritten by private entities.

Washington Trust Bancorp is eager to dip its toe in the water when it comes to Fairfield County, Conn., but the company is reluctant to take a full plunge into that booming market.