Retail & Commercial

Mondo, a U.K. challenger bank, plans to make it easy for customers to use financial products and services from other companies. Rather than giving away the store, the bank says this approach will make it a marketplace.

Mortgage servicers are actively discussing with regulators how current rules could be streamlined, and future rules could be shaped, to minimize costs and hassles.

Lenders are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country is motivating them to move the most troublesome loans off their books more quickly.

There is a widening gap between the premiums paid for bigger institutions and those of smaller community banks. Economies of scale, scarcity value and earnings potential are more important than ever, and a return of larger acquirers has increased demand for bigger sellers.

The Mortgage Bankers Association increased its 2016 industry originations forecast to $1.48 trillion from its January projection of $1.38 trillion to reflect market turmoil that has held interest rates down.

Freddie Mac on Thursday reported strong fourth quarter and year-end profits driven by a surge in demand for both home purchase and apartment loans.

WASHINGTON — A public interest coalition is calling on bank regulators to declare the drinking water contamination in Flint, Mich., a "disaster" and encourage lenders from around the country to extend credit to the area in order to counteract the damage.

Troubled loans no longer overwhelm the market, but there could be smaller outbreaks that servicers must be ready to deal with, a real estate services vendor says.

Freedom Bank of Virginia in Fairfax has named to its board a consultant to a fund that recently invested in the bank.

Correcting misperceptions about banking, in addition to focusing on recruitment efforts, will help fix an apparent rupture in the talent pipeline.