Demographics

Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track.

Potential first-time home buyers can save money for a down payment if they are able to use a special account just for that purpose.

Recent research into customer preferences regarding home equity lending reveals that banks need to better engage with their customers to understand their needs and expectations, and then guide them to optimized HELOC product offerings that precisely meet their needs.

As the economy improves and millennials move around the country in search of jobs, some are finding themselves far from the youth culture they learned to expect from city life in other parts of the country.

Rather than pull up stakes and leave two low-income Mississippi towns at the mercy of payday lenders, Regions Bank donated the branches to a local credit union and kicked in another $500,000 for operating costs.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

Mid America Mortgage will sponsor the Richard Petty Motorsports No. 43 NASCAR team to promote the speed of Click n' Close, its new digital mortgage rival to Quicken Loans' Rocket Mortgage.

Millennials took advantage of lower interest rates in September to refinance their mortgages, according to Ellie Mae.

Where do millennials go when they want the advantages of a big-city economy, job market and lifestyle but they can't afford the higher cost-of-living? Some are choosing Owensboro, Ky.

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.