Retail & Commercial

Brad Blackwell, who heads portfolio lending at Wells Fargo, calls his bank's underwriters the "fighter pilots" of the lending industry — they belong to a force trained to attack very specific targets.

First Farmers and Merchants Bank in Columbia, Tenn., has hired a former Regions Financial banker to run its wealth management operations.

The $1.1 billion-asset company said in a press release Monday that the Federal Deposit Insurance Corp. and the Maryland Commissioner of Financial Regulation had terminated a May 2013 order against its Talbot Bank.

BankUnited in Miami Lakes, Fla., has hired Hakim Kassam, a former Wells Fargo banker, to run its small business finance department.

A former chief financial officer at Bank of McKenney in McKenney, Va., has been indicted on two counts of embezzlement.

More lenient capital requirements than expected from Fannie Mae and Freddie Mac were good news for two legacy private mortgage insurers, but another is facing a bigger deficit than initially thought.

The Consumer Financial Protection Bureau filed a lawsuit on Monday against an Ohio-based loan administrator and its owner for allegedly deceptively marketing services that claimed to save consumers money on their mortgage while any actual savings were offset by high fees.

Nomura Holdings Inc. and Royal Bank of Scotland Group Plc engaged in "enormous" deception in selling defective mortgage-backed securities, a judge ruled following a trial over a trigger to the 2008 financial crisis.

A lot of bankers want on-balance-sheet mortgages declared ultrasafe under federal rules, and Wells Fargo executive Brad Blackwell explains why he thinks it's in their self-interest more than ever to live up to their arguments in favor of such a policy.

The Colorado attorney general's office has sued a retailer for violations of lending and consumer protection laws. The action comes six months after the company agreed to a multimillion-dollar CFPB fine for alleged faulty collection tactics.