Consumer lending

Experian and Finicity have released a product that aims to speed up decisions on mortgage applications, using financial data aggregation technology.

Bankers and housing advocates say many low-income housing projects simply won't get built if the White House and Congress move to eliminate two federal block grant programs.

A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.

Republicans repeatedly claim that the Dodd-Frank Act has hurt consumers by raising costs and hampering credit availability. But the data doesn't back that up.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

Although issuance of residential mortgage-backed securities remains down from a year ago, the number of nontraditional deals is continuing to grow, according to Moody's Investors Service.

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.

The Urban Institute's Housing Finance Policy Center has created a new initiative aimed at addressing skyrocketing mortgage servicing costs.