The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial (OCN) for $3 billion after putting off a fight with loan investors and resolving other objections.

Trust isn't a message; it's a series of actions that demonstrate character. For the first time since the 2008 financial crisis, the banking industry established public goodwill through voluntary and proactive decisions.

The CFPB and FTC sent warnings to 12 mortgage lenders this week, arguing their ads were trying to trick consumers with false and misleading information.

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Northfield Bancorp (NFBK), a mutual holding company in Avenel, N.J., is taking the final step in its conversion to a fully public company.

As it dissolves in the wake of anti-money laundering violations, First Bank of Delaware Owes $15 million to Uncle Sam.

The country's largest bank promoted veteran executive Marianne Lake from its consumer and community bank, ending weeks of speculation about the fate of current CFO Doug Braunstein.

OGDENBURG, N.Y. -- St. Lawrence FCU has announced plans to expand their branch and main office at 800 Commerce Park Drive with a 10,944-square-foot addition.

DETROIT – Detroit Metropolitan CU celebrated a new branch opened inside the Coleman A. Young Municipal Center.

HSBC has named Prabhat Vira as head of trade and receivables finance for its commercial banking business in North America.

A unit of Heartland Financial USA (HTLF) in Dubuque, Iowa, has completed its acquisition of First Shares in Platteville, Wis., for $10.9 million.

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.