An Atlanta area couple, after waiting weeks for their home loan to close, posted a humorous — and scathing — YouTube video that targeted the lender, Bank of America Corp. The video prompted a rapid response from B of A, including reimbursement of some seller fees.

Consumers are paying down their debts across an increasing number of loan categories, according to the American Bankers Association. That was a welcome reversal for the banking industry, which in the second quarter saw the ABA report an uptick in delinquencies.

WASHINGTON — While all eyes were on the recess appointment of its first director Wednesday, the Consumer Financial Protection Bureau quietly released guidance that directs supervised banks to turn over any and all information it requests.

When President Obama installed Richard Cordray as director of the CFPB through a recess appointment Wednesday, he set the stage for a legal showdown over the bureau's authority that could take years to resolve.

Presidential elections historically turn on the condition of the economy, and economic recovery has historically relied on a housing market recovery.

Commercial mortgages in the securitized secondary markets face some hurdles in 2012, but also some opportunities.

Customers might think banks are giving them great deals when they’re actually getting ripped off. Upfront charges, however annoying, are far preferable to hidden costs.

Although doing so carries legal risks for the Consumer Financial Protection Bureau, President Barack Obama's decision to recess appoint Richard Cordray to head the new agency was all about politics.

PHH Corp., the largest non-bank lender, abruptly replaced chief executive officer Jerome Selitto with chief operating officer Glen A. Messina on Wednesday, weeks after a failed bond offering and an S&P downgrade.

BankAtlantic Bancorp's hopes to move forward with its planned sale without the interference of its debt holders have been squashed by a Delaware judge.

Howard Bluver's prior stints at the SEC and the OTS should prove helpful to Suffolk Bancorp as it looks to exit a formal agreement with the OCC.

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

Yahoo stands out as the only major Internet brand without a payments service. That may change now that the company has hired Scott Thompson from PayPal Inc. to be its new CEO.

There’s a difference between projecting confidence and ignoring risk. In their public handicapping of mortgage litigation, bank executives have done the latter.

President Obama's decision to call an end-around and avoid opposition to his consumer bureau director runs a serious risk of backfiring.

Wells Fargo & Co. has promoted John Epstein to executive vice president in its community lending and investment department.

President Obama on Wednesday appointed Richard Cordray as the first director of the Consumer Financial Protection Bureau through a recess appointment, dismissing efforts by Republicans to prevent such a move.

Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.

Despite improvements in the job market and low mortgage rates, Federal Reserve officials seem disappointed that their efforts to perk up housing are having little impact, according to minutes of the central bank's December monetary policy committee meeting.

Mortgage applications fell almost 4% for the holiday week ending December 30, according to new figures compiled by the Mortgage Bankers Association. The decline is calculated on a sequential basis.