Banking

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.

AmeriSave Mortgage Corp. in Atlanta has closed on its acquisition of CertusBank's mortgage business.

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.

Impac Mortgage Holdings in Irvine, Calif., is currently in negotiations to acquire an unnamed mortgage originator, the company said in a recent regulatory filing.

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.

Profits from originating mortgages dipped during the third quarter, with independent mortgage banks and mortgage subsidiaries of banks reporting an average gain of $897, according to the Mortgage Bankers Association.

If banks finally start loosening up mortgage lending standards, will credit unions' hard-won market share take a hit?

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

It's not often that competing financial institutions agree to share, but that's not the case for two Florida credit unions.

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.

A company's evolution from startup to established business requires executives to have a wide array of leadership skills, particularly given the intricate compliance requirements that can complicate the growth trajectory of many mortgage firms.

FDIC third quarter report shows pop in loan buybacks and indemnifications.

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

The company will launch a nationwide branding campaign in the first quarter of next year.

Low demand coupled with low interest rates and a focus on simplicity and transparency led to the change.

CRM companies are rolling out products to help originators get in contact with and convert purchase leads.