BBVA Compass reported a 28% drop in profits in the fourth quarter from the same period in 2012, to $68.8 million, as revenue, interest income and noninterest income all declined.

A little-known dissident investor wants the company to sell. Another shareholder is comfortable giving management them more time to become profitable. A key issue involves the company's deferred-tax asset.

New regulations and tighter underwriting since the financial crisis have slowed down the mortgage process so much that closing a loan within 15 days is something lenders can brag about.

Lynn E. Szymoniak, famous for helping to uncover the robo-signing scandal, is now suing 22 companies for allegedly creating fraudulent documents and submitting tens of thousands of false claims to HUD.

Cascade Bancorp (CACB) in Bend, Ore., reported lower quarterly profits as merger costs drove up noninterest expenses.

Bankers had more optimism about market conditions in December, fueled by accelerated activity in commercial lending and improved loan pricing.

PrivateBancorp (PVTB) in Chicago has continued its trend of hiring former employees of LaSalle Bank, this time hiring a group who will lead the company in advising other banks.

Black Knight Financial Services, formerly known as Lender Processing Services and ServiceLink, conducted loan processing on a record 41 million loans through the end of last year.

MADISON, Wis. -- In a strong sign that the U.S. economy continues to recover, credit union lending outpaced savings in 2013.

Bank of Georgetown in Washington, D.C., is moving its corporate headquarters and opening an adjacent branch.

American International Group Inc. (AIG) and other objectors to Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors including BlackRock Inc. (BLK) asked a judge to delay entry of a ruling approving the pact.

JPMorgan Chase & Co. (JPM) will pay $614 million to settle claims it improperly approved Federal Housing Administration and Veterans Affairs loans that weren't eligible for insurance from those agencies because they didn't meet underwriting requirements.

A class-action lawsuit in Albuquerque, N.M. claims the collection practices surrounding local red light camera and speed camera tickets violate the federal Telephone Consumer Protection Act.

The Federal Trade Commission testified before Congress Tuesday on the agency’s ongoing efforts to promote data security, and reiterated its support for enactment of a strong federal data security and breach notification law.

The Federal Reserve banks signaled Tuesday that they are pushing ahead with their efforts to encourage the construction of a faster nationwide payment system.

House Republican leaders squashed an attempt Tuesday by Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, to force a vote on a Senate-passed bill reforming flood insurance.

Morgan Stanley (MS) agreed to pay $1.25 billion to settle a U.S. regulator's claims that the investment bank sold faulty mortgage-backed securities to Fannie Mae and Freddie Mac.

Lawmakers kicked off a week of investigations into recent data breaches on Monday and Tuesday, grilling bankers, retailers, government officials and consumer advocates about why the breaches occurred and what can be done to prevent future incidents.

Commercial and multifamily mortgage lenders are vulnerable to the strict regulatory climate faced by their colleagues in home finance, Mortgage Bankers Association President David Stevens says.

Eagle Bancorp Montana (EBMT) in Helena, Mont., has named Laura Clark as its chief financial officer.