Bank of America issued just $7.9 billion of GNMA-backed MBS in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

Deposit-rich U.S. banks will seek out more opportunities to lend to small businesses this year as they look to grow revenue, a new survey from a consulting firm predicts.

Every now and then some doomsday cultist predicts the end of the world, but it doesn't occur. No big news.

Visa had a few concerns about how consumers would react to three Arizona credit unions issuing prepaid gift cards carrying its brand through their ATMs.

A two-year-old consent order between the banking unit of Macatawa Bank Corp. and regulators has been terminated after the Holland, Mich., company raised additional capital and reversed a string of money-losing quarters.

Square, an early and successful contender in mobile payment acceptance, has launched a new system that it says can replace a traditional cash register.

United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.

Pioneer Bank in Roswell, N.M., is expanding its reach in the Lone Star state with a deal to buy two branches in El Paso, Texas, from Washington Federal Inc. in Seattle.

Perhaps readying itself for further expansion, Iberiabank Corp. in Lafayette, La., has filed a shelf registration with the Securities and Exchange Commission that would allow it to quickly raise capital for use in pursuing deals.

A lot of bankers are chipper about their choppers, says Leo Hinkley, who along with other motorcycle enthusiasts at BankAtlantic participated in a special fundraiser in Fort Lauderdale this weekend.

The carrier mobile payment venture Isis said Monday that it is working with several major payment system providers to allow merchants to accept its system at the point of sale.

Hancock Bank of Gulfport, Miss., was losing the fight against fraud in certain channels. Their odds improved after working with the vendor of their fraud system, ACI.

Barclaycard US is courting customers who are frustrated by hidden bank charges with a credit card that lays bare not only its fees but also its profitability for the issuer.

The reviews, mandated by regulators, could turn up errors made by the mortgage servicers' auditors. What if the firm doing a foreclosure review previously audited the same client?

U.S. bankers and telecom providers seeking to crack the code on how to successfully implement and accelerate mobile payments can take a lesson from their peers in Kenya. This country is at the forefront of a mobile banking revolution that is empowering its citizens and opening up new lines of commerce.

MECHANICSBURG, Penn. – AmeriChoice FCU opened a branch inside Cedar Cliff High School in Lower Allen Township last week.

TCF Financial Corp. in Wayzata, Minn., said in a regulatory filing that it will buy about $805 million in deposits from a unit of insurer Prudential Financial Inc.

WASHINGTON — The failure of Global Commerce Bank in Doraville, Ga., late Friday was estimated to cost the Federal Deposit Insurance Corp. nearly $18 million.

First Midwest Bancorp Inc. in Itasca, Ill., has added a four-person team to its recently formed asset-based lending division.

There are few clear home runs when it comes to acquisitions in Florida. Controversy with would-be sellers such as BankAtlantic and BankUnited only serve to highlight issues facing regional banks that want to bulk up in the state.