Retail & Commercial

Julian Castro, secretary of housing and urban development, said 2015 will be a year of "housing opportunity" as the economy continues its rebound.

Ocwen Financial Corp. named two new members to its board of directors as the nonbank servicer works to repair its image in the eyes of regulators and investors.

Saco & Biddeford Savings in Saco, Maine, has a new president.

U.S. Bancorp in Minneapolis reported higher quarter earnings as revenue growth outpaced higher expenses.

The total balance of auto loans reached $975 billion in December, representing 33.2% of total outstanding non-mortgage consumer debt, according to the latest Equifax Inc. National Consumer Credit Trends Report.

A Tampa Bay, Fla. couple, harassed by Bank of America over their delinquent mortgage payments, recently won a $1 million default judgment in a collection lawsuit.

Standard & Poor's agreed to pay $20 million and halt part of its commercial-mortgage bond business for a year to settle claims by two states that it altered its criteria for rating eight deals to win business

Fifth Third Bancorp in Cincinnati reported a drop in fourth-quarter profit on lower interest income from lending, and from decreased fees from mortgage banking.

To help Spanish-speaking consumers understand their rights when dealing with debt collectors, the Federal Trade Commission has created a Spanish-language graphic novel, Cobradores de Deuda

Cathay General Bancorp in Los Angeles has agreed to buy Asia Bancshares in New York.