Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

The company is "committed to the mortgage business for the long run" despite current challenges facing the industry, mortgage banking chief executive Kevin Watters says.

Jay Fastow and Denise Plunkett have joined Ballard Spahr as partners in the firm's New York office. They will be members of Ballard Spahr's Litigation Department and the firm's Consumer Financial Services and Antitrust Groups.

Fifth Third Bancorp (FITB) in Cincinnati has disclosed new details about a technological glitch that temporarily marred some customers' credit reports.

SunTrust Banks (STI) is forecasting as much as $300 million in legal losses tied to mortgage probes, and it has disclosed the existence of four new investigations.

JPMorgan Chase said it would eliminate about 8,000 jobs in the consumer and mortgage banking units this year as demand for refinancings declines.

Synovus (SNV) in Columbus, Ga., is planning to replace two directors and pursue a 1-for-7 reverse stock split.

Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency.

Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency.

Though it has critics, a new financial reporting method could give bankers a better read on small businesses.

Finding its local businesses starved of conventional bank loans, Kansas City steps in with an effective microlending program.

What do people really want in a banking relationship? They explain in their own words.

As commercial real estate lending gained momentum in 2013, so did the percentage of banks with CRE concentrations. We measure the changes since the first quarter of 2007, breaking down the data by the asset size of the banks and the states where they are based.

While the "mobile wallet" has become an industry catchphrase, it remains to be seen whether banks can profit from it — or if customers even want it.

Though still a microscopic part of the estimated $11 trillion consumer lending market, peer-to-peer lending is going to matter in a big way sooner than you think, say those familiar with the sector.

San Francisco-based Credible announced Monday the launch of a service that will allow private student loan borrowers to price-shop online for a refinanced loan.

The Consumer Financial Protection Bureau levied a $83,000 civil money penalty on Monday against Connecticut-based First Alliance Lending, a specialty firm that focuses on providing loss-mitigation financing to distressed borrowers.

Fees on checking accounts continue to climb, especially at the largest banks, as free checking accounts slowly become an endangered species. But the price creep doesn't seem to have cost them customers.

OceanFirst Financial (OCFC) in Toms River, N.J., has added its president and chief operating officer to its board.

American National Bank in Oakland Park, Fla., has been freed from an enforcement action from the Office of the Comptroller of the Currency.