CitiMortgage has agreed to pay $158.3 million to resolve allegations by the U.S. related to the quality of loans it submitted to a government-backed mortgage insurance program.

Why community banking is crucial to the nation's long-term growth.

Consumer Financial Protection Bureau Director Richard Cordray told a House panel said the bureau intends to provide more information about its budget and expenditures going forward.

A judge has approved Bank of Hawaii's deal to pay $9 million to settle a class action involving overdraft fees.

Raymond James Financial Inc.'s offering of 10.5 million shares, including 1 million shares offered by selling stockholders, priced at a 2% discount to its Tuesday closing price.

The Office of the Comptroller of the Currency and the Federal Reserve Board said Wednesday they are extending the deadline for borrowers to request an independent foreclosure review under the consent orders signed by 14 mortgage servicers last April.

Another day, another acquisition for deal-happy Wintrust Financial Corp.

Newly-named chief credit officer Dennis Dysart has filled most major posts at First National in Strasburg, Va., including five months as its interim CEO.

The San Antonio, Texas bank blasted excessive federal regulation in announcing it will replace its federal charter with a state one.

Carver Bancorp Inc. in New York reported a loss of $700,000 for its fiscal third quarter, as the recapitalized company took steps to mark down its problems assets.

If a condo crashes in South Florida, does anyone hear it? Apparently not, because yet another tower is planned for the tri-county area.

The apartment sector is projected to lead the housing market on the road to recovery, but growth in the multifamily sector will be highly uneven, industry experts said last week in Orlando.

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The bankruptcy trustee winding down Thornburg Mortgage has agreed to settle for $6.5 million a lawsuit against the company's former executives and its outside legal firm that alleged they engaged in a conspiracy to secretly use the failed mortgage company's employees and assets to launch a new company.

The insurance unit of Encore Bancshares Inc. of Houston has acquired Whittington Insurance Agency in League City, Texas.

A unit of SI Financial Group Inc. in Willimantic, Conn., is selling its trust operations outsourcing business to an Atlanta wealth management company.

The $77.6 million HomeStreet Inc. expects to raise in its initial public offering would go a long way toward improving its capital levels but not far enough to satisfy a regulatory order.

IndyCar, an auto racing sanctioning association, is teaming up with First Bankcard to offer a racing-themed rewards card that will transact over Discover Financial Services' network.

The Federal Reserve has reached a written agreement with Commerce Bancshares Inc. in Franklin, Tenn.

PayPal is digging even further into the prepaid card market at a time when more underbanked consumers favor such products. Users of the prepaid card do not need to have a PayPal account — though having one provides additional benefits.