Economy

Steven Mnuchin's time as OneWest CEO is expected to draw ample attention at his nomination hearing, but it will not be the only issue to come up as senators try to gauge how he would lead President-elect Trump's financial policies.

Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted.

The Office of the Comptroller of the Currency could make the Community Reinvestment Act’s spirit relevant in a digital age so long as it builds the right framework for chartered fintech companies.

While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.

As mortgage rates continued to move higher, the share of home purchase loans began to increase in December, according to Ellie Mae.

Confidence among homebuilders retreated in January from an 11-year high, suggesting optimism has plateaued following Donald Trump's election victory, a report from the National Association of Home Builders/Wells Fargo showed Wednesday.

The Department of Housing and Urban Development's proposed guidance has stirred up a debate on elevation standards as flooding occurs more frequently and in more unexpected places.

The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.

The company sued the former director over the debt, which disqualified him from board service.

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow.

The Federal Housing Administration program could see a $50 billion increase in single-family loan endorsements this year if a planned 25-basis-point annual premium cut goes into effect on Jan. 27.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Higher interest rates will add stress for millennials looking to buy a home, according to an analysis from Fitch Ratings.

Bank of America Corp.'s fourth-quarter mortgage revenue almost doubled to $519 million from a year earlier.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.

PNC's fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

Wells Fargo, which lost its status as the world's most valuable lender after a scandal in its retail bank, said profit dropped 5.4% as revenue from its mortgage business declined.