James Mackey will become executive vice president and CFO of the government-sponsored enterprise the week of Nov. 11, Freddie announced Monday.

With nearly 140 banks and a forecast for sluggish growth in the next decade, the city should be primed for consolidation. One big problem: few bankers seem interested in selling.

Carol Galante, the Federal Housing Administration's commissioner, sought to clarify the agency's plans for a government shutdown on Tuesday, emphasizing that it will continue to endorse single-family loans during the shutdown in contrast to earlier reports.

The $656 million-asset company will sell up to $25 million of common stock in a public offering, according to a Monday filing with the Securities and Exchange Commission.

The Federal Reserve Board has ordered Trinity Capital Corp. in Los Alamos, N.M., to improve its capital position.

JPMorgan Chase (JPM) is launching a new program called Mission Main Street Grants to support small businesses, with help from Google.

Timothy Pawlenty, president and chief executive of the Financial Services Roundtable, said Tuesday that housing finance reform is unlikely to pass until after the 2014 mid-term elections.

Internet-based, short-term lenders have various routes for setting up business, but most of their options expose them to potential legal challenges.

A federal court has ruled that state regulators have the authority over online lenders that operate from Native American land.

August's reading provides more proof that the slowdown in mortgage activity is curbing overall growth in the banking industry.

Bank of America has officially finished swallowing Merrill Lynch. The country's second-largest bank on Tuesday merged its Merrill subsidiary into its main unit, almost five years after buying the investment bank at the height of the financial crisis.

National Bank Holdings Corp., a company formed in 2009 to buy failed banks, is planning to contract its branch network.

Giving the rest of our sales teams regular snapshots of factors that brought about star performances is far more useful than simply reporting who those star performers are.

New York's top banking overseer said any regulation of the nascent Bitcoin industry has to include transparency on who does the trading of the virtual currency, and if that hurts a business dominated by anonymous transactions, "so be it."

A lawsuit that accused GMAC Mortgage of taking kickbacks and overcharging homeowners on force-placed insurance policies has survived a motion to dismiss.

New Century Bancorp in Dunn, N.C., has agreed to buy Select Bancorp in Greenville, N.C.

Wells Fargo & Co. (WFC), the largest U.S. home lender, agreed to an $869 million settlement with Freddie Mac to resolve repurchase claims on faulty loans sold to the government-backed firm before Jan. 1, 2009.

More than $5.4 million will be mailed to consumers and businesses who were victimized by a massive fraudulent operation that placed unwanted charges on their telephone bills.

While the statistics seem grim, there are many reasons why banks should still enter the student loan market.

Cathay General Bancorp (CATY) in Los Angeles has finished buying back the shares it issued to the Treasury Department under the Troubled Asset Relief Program.