Earnings at Flagstar Bancorp in Troy, Mich., fell 7% from a quarter earlier as credit and litigation costs offset a large gain from loan sales.

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.

Royal Bank of Scotland (RBS) will pay $42 million to settle a probe by Nevada's attorney general into its mortgage-purchase practices before the housing crisis.

Bank of America sold defective residential mortgage loans to Fannie Mae and Freddie Mac that later defaulted, the U.S. government said in a $1 billion fraud lawsuit against the bank.

Ocwen Financial won a $3 billion auction for Residential Capital's loan-servicing unit, outbidding Nationstar Mortgage as it aims to become the largest non-bank home-loan servicer.

New York Community Bancorp (NYB) in Westbury, N.Y., barely beat expectations for its third-quarter earnings and reported a lower net interest margin.

Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.

Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.

Lower yields and higher expenses weighed on Hudson City Bancorp (HCBK) in Paramus, N.J., in the third quarter.

Nationstar Mortgage and Ocwen Financial are battling to become the largest non-bank home-loan servicers in a consolidating industry.

Visa CEO Joseph Saunders will retire on November 1, giving the reins of the world's largest payments company to longtime JPMorgan executive Charles Scharf.

In a typical case, a short sale took nearly nine months, and extraordinary patience and tenacity, to get done. That's no way to stage a housing recovery. Streamline the process.

IberiaBank Corp. reported a hefty increase in earnings after lowering its loan-loss reserve and reporting loan growth.

The Consumer Financial Protectin Bureau will publish a final rule Wednesday to supervise firms with more than $10 million in annual receipts.

Regions Financial is proud that it is making money in spite of massive challenges. Analysts are worried about margin pressure but believe the company has

Ameris Bancorp (ABCB) in Moultrie, Ga., reported a 93% drop in earnings and missed projections by 10 cents per share in the third quarter.

Trustmark's company's earnings rose 2% from the second quarter and 9.5% from a year earlier, to $29.9 million. The Jackson, Miss., company said in a press release late Tuesday that higher revenue from insurance commissions and mortgages helped boost its bottom line.

Third-quarter income rose slightly for UMB Financial (UMBF) as the Kansas City, Mo., company reported higher average loan balances and noninterest expenses.

Borba, along with his brother John, Ron Kruse and others founded Chino Valley Bank in 1974 "with the vision of creating a community bank that could provide customized banking relationships to the many small businesses and business owners in the greater Chino area," the $6.3 billion-asset CVB said in a press release Tuesday.

ALTOONA, Penn. – Altoona Regional Health System FCU has hired national design form Momentum to build a new headquarters for the $26 million credit union.