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.

Year-end adjustments to mortgage industry employment statistics revealed a larger-than-expected increase in hiring by nondepository lenders and brokers during 2016.

Only a few days remain for loan officers to complete the survey to be considered for the 2017 Top Producers rankings. The deadline is 6 p.m. EST Friday, Feb. 3.

Nonprime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to Fitch Ratings.

Increases in commercial real estate, C&I and municipal and state loans boosted fourth-quarter profit at the $13 billion-asset Trustmark.

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important.

A bond-market startup is a step closer to reviving crisis-era derivatives that let investors bet on U.S. homeowner defaults.

Appraisal management companies must self-regulate their prices unless they want the government to do it for them.

The Virginia bank has agreed to buy Tidewater Mortgage's majority stake in Old Point Mortgage.

The Connecticut bank said a spike in business lending and residential mortgages gave its fourth-quarter earnings a boost.

Fourth-quarter profits at Wintrust Financial in Rosemont, Ill., climbed 65% to $54.6 million from a year earlier, helped largely by acquisitions and increases in mortgage banking and other fee income.