A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.
Walter Investment Management Corp. is in danger of having its stock delisted from the NYSE as its average market capitalization remains below required minimums.
Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.
Affordability issues along with a lack of knowledge about home buying are holding millennials back from pursuing homeownership, according to a survey from loanDepot.
Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.
There are outstanding questions about whether Elizabeth Duke, who has been on Wells Fargo's board since January 2015, is the right person to lead a culture change at a large bank mired in scandals and investigations.
Western Bancorp, a wholesale mortgage originator, was acquired by Eli Global, a privately held investment company. Terms of the deal were not disclosed.
Amendments to the Home Mortgage Disclosure Act regs include a number of new and modified data collection and reporting requirements that require attention now.
Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.
Critics of recent False Claims Act enforcement argue the Justice Department is too heavy-handed toward lenders and servicers. But in an industry reputed for shoddy processes during the crisis, perhaps stringent oversight is warranted.
Using historical patterns to predict the next financial success or crisis seems rational. But beware the human psyche’s tendency to concoct order out of randomness.
The mortgage market is transforming at breakneck pace, with bank and nonbank mortgage lenders investing heavily in digitizing their process, improving the customer experience, and speeding time to close.
Four Republican senators are seen as possible defectors on a vote to repeal the CFPB's arbitration rule, while another senator may be absent, which will make the GOP's job harder.
The cheapest housing markets aren't always the most affordable cities for first-time home buyers and existing homeowners. Here's a look at 12 cities with low home prices, but where other factors put a damper on purchasing power.
