The mortgage giant is aiming to cut premiums by hundreds of millions of dollars and end payments to banks. Now it needs the Federal Housing Finance Agency, its regulator, to go along.

Joe Slavens, the CEO of Northwest Bank & Trust in Iowa, has diversified to cope with weakening loan demand in the Quad Cities. He's got plans for dealing with higher taxes and other community bank challenges.

Joseph Smith, who is monitoring the $25 billion national mortgage settlement agreement, says he is "encouraged" by banks' progress, but he cautioned that their numbers fail to take into account that short sales carry less weight in certain states.

Sales of previously owned homes rose in October while the supply of homes for sale sank to its lowest in nearly a decade.

The Consumer Financial Protection Bureau issued a stark warning to mortgage lenders and brokers on Monday, arguing they must stop running "potentially misleading advertisements," including those targeting veterans and older Americans.

Citigroup (NYSE: C) plans to cut 300 jobs in its sales and trading unit by yearend, according to a news report.

The FHA's mission to promote housing has contributed to its downfall in addressing its other mission: to maintain fiscal discipline of the mortgage insurance fund.

Ally Financial Inc., the lender majority-owned by the U.S., is in advanced talks to sell some international auto-finance businesses to General Motors Co. for $4 billion, two people with knowledge of the matter said.

The government mortgage giant's plan, which awaits regulatory approval, aims to cut premiums by hundreds of millions of dollars and end a stream of payments to banks.

If you have a successful model that you believe in, it doesn't matter what the establishment says.

KEEWATIN, Minn. -- Central Hanna Employees CU has decided to convert to a community charter after it acquired a downtown branch from American Bank.

AUSTIN, Texas – Austin Telco FCU has bought a 75,000-foot office building that will house its new headquarters, the latest area credit unions with plans for larger new offices.

RYE, N.Y. -- USAlliance FCU has acquired a branch in New York’s Harlem neighborhood with the merger of El Barrio FCU, a troubled $1 million credit union.

The event, hosted by the Federalist Society, was largely designed to focus on the CFPB. But former BB&T CEO John Allison used his time to openly argue for ending, or limiting, the Fed.

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WASHINGTON — State regulators in Georgia closed the $125 million-asset Hometown Community Bank in Braselton late Friday, stretching the industry's failure toll this year to 50.

The Consumer Financial Protection Bureau's enforcement actions and remittance rule were hot topics at a panel with agency official Michael Gordon.

To offer credit as a means of promoting savings is a bit like a hospital encouraging people to get sick so they can be healed.

The Consumer Financial Protection Bureau says it will delay the effective date of new disclosures about escrow accounts and other items as the agency crafts a broader overhaul of mortgage forms.

New York's Attorney General has issued a letter demanding that Wells Fargo (WFC) resume processing mortgage modification requests for borrowers in states hit by Hurricane Sandy.