Retail & Commercial

Citigroup will consider clawing back compensation or shrinking 2014 pay for any employees linked to a $400 million loan fraud at its Banamex unit in Mexico.

Rep. Gary Miller, R-Calif., introduced legislation Wednesday to curb efforts by the Department of Housing and Urban Development to lower Federal Housing Administration loan limits.

Ally Financial and at its banking subsidiary have completed the renewal of $11.5 billion in secured credit facilities intended to fund its automobile lending and leasing in the United States.

WASHINGTON — Senate Banking Committee leaders are proposing to capitalize a new mortgage cooperative with a government loan to ensure small and even regional lenders can sell their loans for cash.

BankUnited (BKU) in Miami Lakes, Fla., has hired a former insurance agency executive to oversee its retail operations in Florida.

Commercial and multifamily mortgage debt outstanding reached a record high during the fourth quarter, erasing the declines caused by the recession.

Comptroller of the Currency Thomas Curry signals regulators are considering more Community Reinvestment Act changes as advocates say the progress to date is too timid.

Jefferies will pay $25 million to settle charges that it abetted mortgage-backed-securities fraud.

The Consumer Financial Protection Bureau plans to address the growing problem of vacant and abandoned properties that banks and mortgage servicers have walked away from to avoid maintaining the homes.

The Florida company's initial backers made a lot of money from a 2009 government-backed deal. Still, BankUnited's PE backers say the final sale of their stake in the resurrected lender is bittersweet.