Harry Terris

IMGCAP(1)]

GMAC's Al de Molina on ResCap brouhaha; BlackRock's Larry Fink on what caused the subprime crisis; appraisal trade group responds to criticism.

General Electric may not be forced to sever GE Capital, but the prospect of much tougher supervision of the latter could push the conglomerate away from financial services.

Fannie Mae said Thursday that its third-quarter net loss widened 28% from the second quarter but narrowed 35% from a year earlier, to $18.9 billion.

Fannie Mae said Thursday that it is rolling out a new program under which it will offer market-rate leases for terms of up to a year to troubled borrowers who turn over the deeds to their homes.

The revenue boost produced by increased prices once again exceeded MasterCard Inc.'s long-term target in the third quarter.

Despite solid third-quarter earnings and signs of a healing economy, MasterCard Inc. is continuing to cut jobs and plan marketing expenditures cautiously in view of what it expects will be a slow convalescence for consumers.

IMGCAP(1)]

CapitalSource Inc. of Chevy Chase, Md., said Monday that its third-quarter net loss widened 11.2% from the previous quarter, to $274 million, as it increased its loss allowance by 97 basis points, to 5.48% of commercial loan assets.

MasterCard Inc. said Monday that USAA Federal Savings Bank has signed up for its Integrated Processing Solutions debit platform.

Tree.com Inc. said Friday its net loss narrowed 67% from a year earlier to $7.4 million in the third quarter, though the results were worse than in the second quarter, when the company made about $700,000.

Chasing defaulted borrowers for debts not covered by sale of the home is a thorny issue in Arizona; and more.

U.S. payments volume trends turned up slightly at Visa Inc., the company reported. After shrinking at a year-over-year rate of 9.7% in the quarters that ended in March and June, the rate of contraction for credit cards fell to about 9% in the quarter that ended Sept. 30.

Visa Inc. said Tuesday that it had swung to a profit of $514 million in its fiscal fourth quarter as revenue grew 9.9%, to $1.9 billion.

American Home Mortgage Servicing is set to take over a portfolio of loans that had been stuck in limbo since the collapse of Taylor, Bean & Whitaker Mortgage, according to Moody's Investors Service.

The card industry appears to be ever-so-slowly emerging from its harshest credit cycle.

The card industry appears to be ever-so-slowly emerging from its harshest credit cycle. Credit losses remained heavy across the board in the third quarter, but in conference calls this month, some issuers were, if not upbeat, at least neutral in their interpretation of a recent reprieve from chargeoffs.

American Express Co.'s net income fell 21.5% in the third quarter from the year earlier, to $640 million, as revenues dropped 16% because of lower loan volumes and lower spending on its cards.

Fannie Mae is replacing a forbearance program for troubled borrowers with one that will make the breaks available to property investors and owners of second homes.

A handful of financial start-ups have formed a lobbying group to press for legislation to ease regulation of their activities and provide federal support for lending outside the traditional banking system.