Banking

Simon Property Group agreed to buy rival shopping-mall operator Taubman Centers for about $3.6 billion, a combination that comes as e-commerce continues to roil brick-and-mortar retail.

Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.

The credit union service organization Member Driven Technologies has a laid-back work environment but works hard to translate its internal culture to employees who may be located hundreds of miles from headquarters.

The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions.

With steady home price appreciation and falling interest rates, by some measures the shares of distressed mortgages existing in the market shrunk to record lows, according to Black Knight.

Default rates for prime jumbo mortgages will increase, but a strong economy and rising home prices will bail most borrowers and lenders out, Moody's said.

Negotiations went to the brink of a foreclosure trial for a Bradenton, Fla., mall, before a settlement was reached between the owners and the lender.

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes.

A bank, a drug store, another bank: Odds are, a stroll down a random Manhattan avenue devolves quickly into a retail snoozefest.

FICO plans to release a new suite of scores that could reduce defaults on newly originated mortgages by 17%, but home lenders may not use it unless the government-sponsored enterprises do.

Non-QM lending is expected to grow again in 2020, but it has some obstacles to navigate. Altisource CRO John Vella shares his insight into the sector and other hot topics.

Provident Bank in Amesbury, Mass., has entered warehouse lending after buying a business from People’s United Financial in Bridgeport, Conn.

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

With most U.S. households spending more and paying their bills on time, their creditors are feeling more confident than ever.

Under terms of the settlement approved by a Georgia court Monday, Equifax may also have to pay an additional $125 million if the initial amount doesn't cover all the claims.

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

The nationwide mortgage delinquency rate had its best October in at least two decades, while the foreclosure rate remained at a 20-year for the twelfth straight month, according to CoreLogic.

A lender that provided more than $388 million to finance one of Plano's biggest real estate developments has filed to foreclose on the project.