The 59% increase in the government subsidy reflects an increase in loan defaults, not loan demand.

The portion of balances that credit cardholders paid off climbed again in August in a good sign for defaults but a bad one for portfolio growth. This interactive graphic shows key performance measures at the Big Six.

Much has been written about the refi boom, but one avenue not explored deeply is the "multiple" refi client — the consumer who refinanced in the last couple of years who's again coming to the well.

The inspector general of the Federal Housing Finance Agency has pushed the agency to take more oversight over Fannie and Freddie, upending Freddie's mortgage putback practices and drawing out details of a special servicing program.

Two former Sterling Financial (STSA) mortgage loan officers have sued the company on claims that they are owed unpaid overtime.

The New York credit card company is appointing Erich Ringewald, the former CTO of Boku, as its vice president of software product management.

The board of directors must anticipate the unexpected and quickly execute strategic alternatives when a problem arises, regardless of its severity. Failure to do so could land their financial institution on the FDIC's problem list.

New Jersey passed Nevada in the second quarter in the rate of homeowners with seriously delinquent loans — those 90 days late or in foreclosure — according to the Mortgage Bankers Association.

Two Citigroup executives are departing after federal prosecutors named them earlier this year in a mortgage-insurance fraud case that resulted in a $158.3 million settlement and an admission of wrongdoing by the bank.

Fannie Mae had little choice but to pay a premium to Bank of America to free up pools of loans so that it could put them in better hands, an inspector general's report finds.

JACKSONVILLE, Fla. – VyStar CU will open a new branch at Jean Ribault High School, which will be run by students in the school's Academy of Finance program.

PORTSMOUTH, N.H. – Service CU has opened its 22nd New Hampshire branch and ninth in-store branch, this one inside a Wal-Mart Supercenter in Derry.

Two former loan officers at Sterling Financial in Lancaster, Pa., have been sentenced to lengthy prison terms for their role in a multi-year fraud scheme that led to massive losses at Sterling.

Alliance Data Systems (ADS) has agreed to buy credit card accounts from Talbots and to take over the retailer's private-label credit card program.

With just three and a half months left until 2013, regulators are under pressure to release a boatload of new regulations, including some of the most contentious items on their plate.

The mobile financial services startup said Monday that Alex Sion, a former senior vice president of wealth management executive at Citigroup (NYSE: C) who most recently headed the financial services arm of marketing firm SapientNitro, has joined the company as president.

Fanatical insistence on lending to risky borrowers to get them to buy more houses destroyed trillions of dollars. Now there's pressure to make even riskier, unsecured loans to these consumers. A freer, fairer market would do better.

Creating New Hampshire Mutual Bancorp will mean one fewer thrift but allows management the chance to preserve a type of institution that is threatened with extinction.

At age one, Occupy Wall Street is smaller and no more focused than in its early days. But its protests in Lower Manhattan this week show that among some, at least, anger toward banks continues to simmer.

Waypoint Real Estate Group, an investment firm focused on foreclosed homes in the U.S., has secured a $65 million loan from Citigroup (NYSE:C) to buy additional properties to turn into rentals.