Retail & Commercial

The mortgage delinquency rate continued its robust decline, falling for the 11th straight quarter, according to TransUnion's latest mortgage report.

A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards.

A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.

Carver Bancorp in New York said Deborah Wright will retire as chief executive at the end of the year. The company's current president will succeed her.

In-store branches are a good example of the quandaries in retail banking. BOK Financial calls them outdated and has decided to ditch them, but Huntington and Fifth Third say they are high-volume sources of new accounts.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

John Hairston, set to become the Mississippi company's sole CEO, said Carl Chaney was not forced out as co-CEO. Still, he said the departure allows Hancock to streamline operations and become more efficient.

MSB Financial Corp., a mutual thrift firm in Millington, N.J., plans to reorganize into a fully stock-owned company.

Dallas officials are supporting a lender called Community Loan Center of Dallas that is designed to allow participants an alternative to the payday lending industry that the city has long battled and heavily criticized.

First Horizon National in Memphis, Tenn., is looking to raise $400 million by issuing debt.