Retail & Commercial

Mortgage default rates remained largely unchanged in February amidst mixed results nationwide, according to data released by S&P Dow Jones Indices and Experian.

An outage that crippled the Internal Revenue Service's ability to process 4506-T forms for nearly two weeks has been resolved, but the capacity constraints in the tax transcript service are an ongoing challenge for the mortgage industry.

JPMorgan Chase & Co., the second-largest servicer of U.S. mortgages, is buying the right to handle $45 billion of home loans from Ocwen Financial Corp., according to a person familiar with the transaction.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.

Bryn Mawr Bank in Pennsylvania has filed documents to raise up to $200 million.

Nevada lawmakers reviewed a bill Monday to curb predatory short-term lending by better disclosing the rates and risks of payday loans.

A spike in security breaches might make such protection more appealing to customers, even though regulators are taking a closer look at banks that offer such add-on products.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

Financial Institutions Inc. in Warsaw, N.Y., has filed to sell up to $100 million in debt and equity.

West Virginia lawmakers passed a bill Saturday to make changes to the state’s Consumer Credit and Protection Act concerning collecting debts, including the codification of abusive call volume.