Ginnie Mae President Ted Tozer is urging credit unions and community banks to contact their Federal Home Loan Bank so they can participate in a conduit program for government-backed loans.

An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 penalty to settle charges it tricked consumers with false ads.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

Collection agency Convergent Outsourcing filed a petition on Wednesday asking the Third Circuit Court of Appeals to revisit a recent appellate decision in Douglass v. Convergent Outsourcing.

CommunityOne Bancorp in Charlotte, N.C., has combined the roles of president and chief executive in an effort to trim operating expenses.

ACA International CEO Pat Morris issues a statement regarding the work being done in resolving medical accounts.

As the Bitcoin industry matures, narrowly-focused companies are working to take market share from the companies that came first to the digital currency ecosystem.

City National Bank of New Jersey has agreed to sell deposits and loans associated with a branch on New York's Long Island to Bethpage Federal Credit Union.

A top advisor to Treasury Secretary Jack Lew says real estate investment trusts "appear to be aligned" with the Federal Home Loan Banks' mission. The Federal Housing Finance Agency wants to boot REITs from the FHLB system.

In an article published by Education & The Workforce Committee, Rep. Virginia Foxx, R-N.C., argues that the nation needs to move closer to addressing soaring student loan debt and the overall cost of higher education.

Credit card debt rose in the second quarter, indicating that household debt could again become an unbearable burden for consumers, according to a recent report.

Private-equity firms, as investor-driven organizations, have an obligation to consider cashing out when top-performing bank stocks are doing well, according to James Lockhart, vice chairman and W.L. Ross & Co.

The American Association of Bank Directors recently hired policy veteran Rich Whiting as executive director, and he immediately helped weigh in on some new OCC standards that concerned the trade group.

Ben Franklin Financial in Arlington Heights, Ill., is the latest mutual to announce plans for a second-step conversions.

The head of the Independent Community Bankers of America says the government has gone too far demanding banks act like law enforcement.

The Consumer Bankers Association frequently tangles with the Consumer Financial Protection Bureau, but its new chief Tim Wennes struck a more conciliatory tone in an interview. Rules that promote transparency and consumer understanding are good, but consumer choice has to be preserved, he said.

Wilmington Trust Co., a unit of M&T Bank Corp. (MTB), agreed to pay $18.5 million to settle U.S. regulatory claims that the bank failed to report construction loans that weren't being repaid.

The Bill and Melinda Gates Foundation will provide $100,000 to organizations that promote the use of digital payments for the poor.

Interest in a market for buying and selling nonguaranteed portions of SBA loans is slowly taking shape as a need for earning assets outweighs concerns over risk and underwriting costs.