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The Vermont State Senate moved closer Wednesday to passing legislation that would give merchants there more control over the fees they pay to accept credit cards.
March 31 -
Merscorp's electronic mortgage system will not be plaintiff on foreclosure actions after May 1; group pushing regulators for "transparency" in securitization market; and more.
March 31 -
As the Federal Reserve officially leaves the mortgage-backed securities market this week, mortgage servicers will likely step up their hedging efforts to shield portfolios from any major rise in interest rate volatility.
March 29 -
Chapter 13 bankruptcy filings have become less popular since the housing crisis began, and some experts say this is a direct result of fewer people trying to save their homes.
March 25 -
Chapter 13 filings' share of bankruptcies drops as job losses leave debtors unable to work out payment plans; and more.
March 24 -
Freddie Mac has approved a new subsidiary of PMI Group as an eligible mortgage insurer, the company said Tuesday.
March 23 -
Something strange is happening in the market for mortgage-backed securities: the largest buyer by far is about to leave the market and no one seems to be blinking an eye.
March 19 -
Something strange is happening in the market for mortgage-backed securities: the largest buyer by far is about to leave the market and no one seems to be blinking an eye.
March 19 -
With consumer demand weak for credit cards and fewer competitors in the private student loan market, Discover Financial Services is making a bid to become a big lender on campuses.
March 18 -
Mods and short sales could soon get costlier for California borrowers; science fiction inspired by the financial crisis; and more.
March 17 -
Discover Financial Services said Tuesday that it plans to pay back $1.2 billion in federal bailout funds, even as it reported a loss for the fiscal first quarter, which ended Feb. 28.
March 16 -
Credit card delinquency rates fell again in February, providing further support to the view that loan losses in the sector either have maxed out or will do so soon.
March 15 -
Will Detterman, the chief executive of Leap Payments Inc., admits he's taking a big chance in adopting a payment card acceptance pricing model that bucks the traditional formula.
March 14 -
Visa Inc. said Thursday that payments volume on its U.S. cards picked up 12% in February from a year earlier, driven by a surge in debit use.
March 11 -
Bank of America Corp.'s plan to block debit card purchases that would overdraw accounts highlights a paradox in the market today: giving consumers fewer choices can be seen as customer-friendly.
March 10 -
Lenders get a crash course in working with military clients; mortgage bond investors "second" Barney Frank on junior liens; and more.
March 10 -
Reports of lenders repossessing the wrong home are further tarnishing the banking industry's image, already bruised by bailouts and bonuses.
March 8 -
Man bulldozes home so bank can't take it; Fannie Mae errs on side of caution in calculating loan-to-value; and more.
March 3 - Florida
A pair of Florida court rulings will make foreclosures in this hard-hit housing market even more painful for lenders.
March 2 -
PHH Corp., best known for originating mortgages behind the scenes for household names like Charles Schwab Corp. and Merrill Lynch, plans to expand other home lending channels as industrywide volume tanks.
March 1
