After initially dragging their feet, the largest mortgage servicers have modified nearly 70% of loans from delinquent borrowers that qualify, thanks largely to government incentives.

The banking unit of American Bancorporation in St. Paul, Minn., has plans to shutter at least its third branch of the year by the end of this month.

U.S. regulators said Thursday they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.

Space Coast Credit Union announced Thursday that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive Credit Union.

Urban Partnership Bank, a Chicago bank formed to buy ShoreBank's deposits and assets from the Federal Deposit Insurance Corp. in 2010, has agreed to buy a large branch in Chicago's South Side from Northern Trust (NTRS).

Ocwen Financial in Atlanta reported record levels of revenue in the second quarter after almost doubling the size of its mortgage servicing portfolio in the last 12 months.

Banks are trying hard to beef up programs tied to consumer protection, thanks to the creation of the CFPB and other consumer-related regulations. But there are few people in the job market with experience in banking and consumer protection, making this a lucrative opportunity for those who are skilled at both.

BB&T is eyeing other deals and planning to open more branches in Florida after buying BankAtlantic this week, regional executive Michael Oster says.

MGIC Investment Corp. plunged by more than half after the Milwaukee-based mortgage insurer reported its biggest loss since 2009 and the company's risk-to-capital ratio exceeded regulatory standards.

Heartland Financial USA (HTLF) is bulking up in Wisconsin with a deal to acquire First Shares in Platteville for roughly $11 million in cash and stock.

The main news programs on broadcast networks ABC and NBC have ignored the biggest scandal roiling the banking world this summer, according to the nonprofit website Media Matters for America. Other networks have covered it, but critics urge TV to toughen reporting on banking.

KeyBank is the latest regional that will start issuing its own cards again in hopes of growing revenue and wallet share.

Add Sterling Bancorp (STL) in New York to the growing list of community banks ramping up in residential lending.

Phones aren’t the solution, they’re the problem. But behavior analysis helps improve security.

The home-vacancy rate is falling in U.S. cities such as Las Vegas and Phoenix that were hit hardest by the housing crisis, a sign the market is recovering, according to Trulia Inc.

First California Financial Group (FCAL) — under pressure from activist investors to find a buyer — hired Keefe, Bruyette & Woods (KBW) to explore a sale or other strategic options.

New Hampshire Thrift Bancshares (NHTB) has made its first bank deal in nearly five years, agreeing to buy Nashua Bank for roughly $19.4 million.

Johnson's letter to FHFA chief DeMarco urges the agency to rethink decision that disallows principal writedowns.

BB&T CEO Kelly King took a lot of heat for letting a rival beat him out for RBC Bank, but his patient pursuit of the more affordable BankAtlantic instead looks wise in retrospect.

New data in lending trends seems to offer fresh evidence that many businesses are opting to hold on to their capital rather than invest in new plants or equipment.