Lenders desperately want to make potentially lucrative home loans to those with less-than-stellar credit, but only a few are willing to try given legal uncertainties. Here's how a few are designing their products to get a jump on the competition.
The "Bash" bug is more dangerous than Heartbleed, because it exists in a lot more places and can be used to do greater harm. Here's what bankers need to know to protect their IT infrastructures.
Devising a risk mitigation plan and the training and oversight necessary to implement it requires lenders and servicers to conduct a scientific investigation into the policies, procedures and controls they already have in place.
Small-bank executives sounded off this week about battling regulators, credit unions, big banks and each other at a FIG Partners conference in Atlanta.
Banks and mortgage lenders may have received too much relief from loan buybacks, putting taxpayers at greater risk for losses, according to a Federal Housing Finance Agency inspector general's report.
NexID Biometrics, an authentication technology provider in Potsdam, N.Y., has enhanced a fake-finger-detection solution for fingerprint-sensor systems.
Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.
Until we know without doubt with whom we are transacting, the legacy payment networks cannot be made secure for Internet-sourced electronic payments.
New regulatory and investor compliance requirements have put a renewed emphasis on quality control measures. But lenders are discovering the additional costs of these efforts are outweighed by the savings from originating fewer defective loans.
Within the past 12 months, one large retailer after another has fallen victim to a massive data breach. But at least the pilfered data is getting harder for thieves to monetize.
The Federal Housing Administration wants lenders to make fewer mistakes when writing mortgages for the government insurance program. The agency also wants to serve more borrowers with low credit scores. Getting both may be tricky.
Richard Fairbank acknowledged that increased competition among lenders is leading to looser loan terms, but said the industry is still normalizing after an extraordinary recession-era period.
After four straight quarters of declines, Citigroup's fixed-income revenue a major income source for its investment banking arm is stabilizing, chief financial officer John Gerspach said Monday.
As cyberattacks against banks escalate with 93% of banks worldwide reporting they've been hit Bremer Bank in Minnesota ramps up its defenses.
A conservative housing critic and liberal consumer advocate have created a 15-year home loan for low-income borrowers to build more equity.