Consumer lending

Of the five banks that failed their living will tests earlier this year and were forced to resubmit plans, only Wells Fargo failed again, resulting in immediate regulatory action that will restrict its growth, including its ability to expand internationally and buy nonbank subsidiaries.

Fairway Independent Mortgage Corp. is rolling out a new mobile application that allows consumers to apply for a loan, scan documents and get updates on their loan status through real-time push notifications.

Ally Financial is now making home loans.

A flood of fintech companies are promising to create a better experience for mortgage borrowers, forcing lenders to contemplate buying a vendor's software, building applications in-house — or even outright acquiring a company with digital expertise.

A California bank is planning to add mortgages and home equity lines to its product set.

SAN FRANCISCO — Want to improve the customer experience? Start by making the employees' tools better.

Digital mortgages are not an idea for the future; they are here to stay, and the mortgage industry must put aside its misplaced fear of technology and change and embrace them.

Employment in the nondepository mortgage lenders and brokers sector grew for the fifth straight month, according to the Bureau of Labor of Statistics.

Many big banks are backing away from the retail channel and FHA lending due to rising compliance costs. But U.S. Bank Home Mortgage President Tom Wind sees an opportunity to leverage those challenges to improve efficiency and transparency.

The election results will only intensify factors making competition with bank lenders more difficult, including the effect of interest rates as well as the regulatory environment.