Investors established a record for withdrawals from municipal bond mutual funds last week as headline risk continued to chase people from state and local government debt funds.

The SEC said there's a need for a uniform fiduciary standard "no less stringent than currently applied to investment advisers," according to the staff report delivered to Congress.

The Vanguard Emerging Market ETF became the third-largest U.S. exchange-traded fund last week, surpassing a rival BlackRock Inc. fund that just a year ago was twice as big and adding to evidence that investors are migrating to the cheapest offerings.

The Federal Housing Administration is making it easier for reverse mortgage servicers to submit insurance claims by expanding the types of supporting documentation it will accept on defaulted loans.

Donald Layton, who has run the mortgage giant since 2012, discussed the busy agenda leading up to his departure and says Freddie can serve as a "technical adviser" in GSE reform talks.

The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio.

Fannie Mae should be applauded for allowing lenders to take rent payments into account when underwriting home loans. But lenders will need to embrace other credit scoring models if they hope to turn more renters into buyers.

Community development financial institutions and minority-owned banks have long faced funding challenges, but billions of dollars of investment — spurred by Black Lives Matter protests — have given them an opportunity to increase lending by a factor of 10. Here’s how they can do it.

Research shows that unbanked recipients of the Advance Child Tax Credit want bank accounts, while those with banking relationships are eager for advice on how to use the money.