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BankSimple captured imaginations with the idea of low-frills, low-fee banking. Missing? A bank partner with the technological savvy to support the vision. That part's not so simple.
By Sara LeproSeptember 20 -
Tom Meyer of J.I. Kislak Mortgage expands in battered Florida market; Wells wins another round in court battle with Baltimore; and more.
By Sara LeproSeptember 15 -
Loan modifications by Fannie Mae and Freddie Mac rose 24% during the second quarter, with the majority of mods completed under the government's Home Affordable Modification Program.
By Sara LeproSeptember 10 -
Consumers rated JPMorgan Chase, Wells Fargo and Bank of America as the most reputable in a group of 69 banks, a survey found.
By Sara LeproSeptember 8 -
Moody's looks on the bright side of new mortgage broker pay restrictions; HomeCard entrepreneur's long search for a bank partner.
By Sara LeproSeptember 8 -
After years of keeping a low profile, Andrew Kahr, an architect of the credit card industry, is trying to innovate again, in an environment not very hospitable to innovation.
By Sara LeproSeptember 3 -
Think tank considers why Canada's housing market hasn't tanked like ours; ABA rebuts Cleveland Fed economists on cramdowns; and more.
By Sara Lepro and Robert BarbaSeptember 1 -
Steven J. Bisbee never set out to be a lender to small businesses per se, but his recently launched website Cogster.com could be a lender's distant cousin.
By Sara LeproAugust 19 -
Cleveland Fed economists make a case for cramdowns; Wells Fargo's "party house" sold at a steep discount; and more.
By Sara LeproAugust 18 -
The credit outlook at the top six card issuers is getting brighter, with both chargeoffs and delinquencies falling again in July.
By Sara LeproAugust 16 -
In July, Univision introduced a reloadable, general-purpose MasterCard prepaid card, and the company, which recruited an executive from American Express Co. last year, says it is exploring other financial offerings.
By Sara LeproAugust 13 -
In July, Univision introduced a reloadable, general-purpose MasterCard prepaid card, and the company, which recruited an executive from American Express Co. last year, says it is exploring other financial offerings.
By Sara LeproAugust 13 -
The high cost of short sale fraud; Hamp has helped stabilize home prices, but for how much longer? And more.
By Kate Berry and Sara LeproAugust 11 -
The latest quarterly results from the government-sponsored enterprises suggest that after two and a half years and $230 billion of losses, there is a light at the end of the tunnel. Some analysts say one or both GSEs could conceivably turn a profit
By Sara LeproAugust 9 -
Royal Bank of Scotland Group PLC on Friday agreed to sell a majority stake in its lucrative processing business, RBS WorldPay, to two private-equity firms for more than $3 billion.
By Sara LeproAugust 6 -
People once thought guaranteeing conventional, thoroughly underwritten mortgages with near Treasury-level funding costs was a lucrative, low-risk business. Freddie Mac's forthcoming second-quarter results could provide a reminder why.
By Jeff Horwitz and Sara LeproAugust 5 -
Superman comes to the rescue of a family facing foreclosure; PHH grabs a bigger slice of a shrinking pie; and more.
By Sara Lepro and Kate BerryAugust 4 -
Fannie Mae is retiring one of its mortgage-workout options, underscoring the growing emphasis on loan modifications through a government program and reflecting how much more dire homeowners' struggles are today than a couple of years ago.
By Sara LeproAugust 3 -
The shift toward a more penny-wise society is driving banks to turn their focus to helping consumers save and, in the long run, be more profitable customers.
By Sara LeproAugust 2 -
With new restrictions taking effect and billions in fees at stake, banks are not giving up on overdraft services without a fight.
By Sara LeproJuly 28








