Retail & Commercial

An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 penalty to settle charges it tricked consumers with false ads.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

Collection agency Convergent Outsourcing filed a petition on Wednesday asking the Third Circuit Court of Appeals to revisit a recent appellate decision in Douglass v. Convergent Outsourcing.

CommunityOne Bancorp in Charlotte, N.C., has combined the roles of president and chief executive in an effort to trim operating expenses.

ACA International CEO Pat Morris issues a statement regarding the work being done in resolving medical accounts.

As the Bitcoin industry matures, narrowly-focused companies are working to take market share from the companies that came first to the digital currency ecosystem.

City National Bank of New Jersey has agreed to sell deposits and loans associated with a branch on New York's Long Island to Bethpage Federal Credit Union.

A top advisor to Treasury Secretary Jack Lew says real estate investment trusts "appear to be aligned" with the Federal Home Loan Banks' mission. The Federal Housing Finance Agency wants to boot REITs from the FHLB system.

Alliance Data Systems Corp. agreed to buy Conversant Inc. for $2.3 billion, gaining technology to distribute advertising across the Internet and measure the effectiveness of marketing campaigns.