Lending

Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."

Senators dove into how to ensure housing finance reform serves lenders of all sizes, just as the Trump administration moved closer to crafting its own GSE plan.

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac have launched an online clearinghouse with resources to assist lenders in serving borrowers with limited English proficiency.

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine.

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank.

Credit unions have a long history of serving immigrants and other underserved populations, but meeting the unique challenge of complying with Shariah law is no mean feat.

The share of lenders easing credit for government-sponsored enterprise-eligible loans is at a high not seen since Fannie Mae started a survey to track it.

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.