Retail & Commercial

The second-largest provider of U.S. mortgages through brokers is bringing back a debt type that's almost disappeared since the financial crisis: Interest-only loans.

Flagstar Bancorp in Troy, Mich., has hired industry veteran Leonard Israel to lead its mortgage division.

The big bank has taken heat from social conservatives about its TV advertisement featuring a same-sex couple adopting a child, but Wells executives say the ad is part of a larger campaign that embraces the many demographic groups in its customer base.

Fannie Mae will no longer charge mortgage lenders to submit loans to its Desktop Underwriter automated underwriting system, a decision that follows a similar move by Freddie Mac earlier this month.

Glen Burnie Bancorp in Maryland has hired an executive from Patapsco Bank to be its new chief financial officer.

ChoiceOne Financial Services in Sparta, Mich., has tapped a new president as it splits the role from chief executive.

As financial technology transforms the banking industry, experts are placing bets on the banks and startups most likely to thrive in the digital future. Here are seven top contenders, according to insiders from both sides of the divide at last week's Next Bank USA conference in New York.

HSBC has named a JPMorgan Chase executive the head of its retail banking and wealth management divisions in the U.S., as the British company overhauls its global business.

Companies offering loan assistance and credit improvement services, and their owner, agreed Monday to settle charges brought by regulators in Maryland.

Moody's managing director Will Black argues that it’s hard to predict the performance of P-to-P loans because of a lack of historical data.