Origination

American International Group posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability.

Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.

Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a broader battle over the future of regulatory reform.

Fairly or not, the millennial generation has a reputation as footloose and fancy-free. Or, to put it less kindly, slow to launch — slower to get married, buy a house, and have kids than the young people of previous generations.

Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the economy meets the central bank's outlook of gradually rising inflation and tightening labor markets.

Homeowners are reaping the rewards of higher home prices, as the number of seriously underwater properties dropped by 1 million from one year ago, Attom Data Solutions said.

While Arch Capital had a slight increase in year-over-year net income to $64 million, the total was affected by $25 million of costs related to the purchase of United Guaranty.

Real estate loans have been growing over the last few years despite a number of headwinds, but can credit unions build on that trend as interest rates rise?

JPMorgan Chase is known to eschew selling conforming mortgage loans to Fannie Mae and Freddie Mac, preferring to securitize them in the private-label market.

The denial rate traditionally used by the mortgage industry is hiding the fact that fewer borrowers with lower credit are applying for loans, according to the Urban Institute.