Sara Lepro

Torch the car, save the house; GSE foreclosures pick up, but shadow inventory of distressed homes remains massive; and more.

General Motors Co.'s deal to buy a subprime car lender says as much about the state of consumer finance as it does about the auto industry.

In announcing a pair of executive appointments Wednesday, the New York card issuer solidified its commitment to emerging technologies in the payments industry, including online, mobile and peer-to-peer products and services.

Why government short sale program is falling short; a new documentary about the financial crisis is already outdated; and more.

Communities across the U.S. are experimenting with local currencies, a concept that gains popularity in times of economic anxiety and distrust of financial institutions.

Credit card losses fell sharply at Bank of America Corp. in June, to the lowest level in more than a year, fresh data showed Thursday. The rate of delinquent loans also declined.

Borrowers giving up their homes through short sales face pressure to pay fees under the table; potential ripple effects of a Fannie Mae/Freddie Mac name change.

After months of raising standards for single-family lenders, the Federal Housing Administration tightened guidelines for multifamily mortgages for the first time in the 40 years it has insured such loans.

Following confusion over their policies, Fannie and Freddie will make exceptions for borrowers who already have Property Assessed Clean Energy liens.

Just a few months ago, mortgage bankers were worried about a potential spike in interest rates as the Federal Reserve prepared to remove some of its stimulus from the system. Rates have, in fact, done the opposite. Yet that has some market participants just as concerned.

Illinois attorney general sues Countrywide; Freddie Mac blames loan buybacks on management at banks and lenders; MBA's vacant properties register is well-received.

Freddie Mac said Friday that its investment portfolio declined by an annual rate of 4% last month, reflecting the government-sponsored enterprise's repurchase this year of nearly all mortgages 120 days or more past due.

Federal Housing Administration mortgage volume could get a boost from regulatory reform, because loans insured by government agencies are fully exempt from the bill's risk-retention requirement.

Federal Housing Administration mortgage volume could get a boost from regulatory reform, because loans insured by government agencies are fully exempt from the bill's risk-retention requirement.

As overdraft restrictions, interchange fee limits, and consumer protection proposals dribbled out of Washington, many commentators predicted the end of a hallowed retail banking strategy: giving stuff away.

Fannie Mae announced steps Wednesday to discourage borrowers from abandoning their homes if they can pay their mortgages and they don't seek workouts.

"The Big Short" is headed for the big screen, and we have casting ideas; without homebuyer tax credit, loan applications skid.

Five years after it began offering financial services to its underbanked clientele, Rent-A-Center Inc. is renewing its commitment to the sector.

Citigroup Inc. and Fannie Mae are taking steps to alleviate some of the stress on struggling homeowners in the coastal areas affected by the oil spill in the Gulf of Mexico.

Delisting of the GSEs is little surprise -- that it took this long is; some nonbank mortgage lenders are trying to make lemonade out of licensing requirements.