Bank of America (BAC) reported profit dropped 63 percent as costs mounted from faulty foreclosures and flawed home loans made as long as a decade ago.

BB&T in Winston-Salem, N.C., posted an increase in quarterly earnings on higher mortgage fees and loan growth.

Just a week after overhauling how mortgages are underwritten, the Consumer Financial Protection Bureau was set Thursday to unleash an additional series of rules dictating extensive new requirements for mortgage servicing.

Pacific Continental (PCBK) in Eugene, Ore., took advantage of accelerated business lending and lower expenses to post another profitable quarter.

State and federal authorities are taking a hard look at how banks collect consumer debts. A multi-billion dollar market may be remade through tighter rules or enforcement actions.

MidFirst Bank in Oklahoma City has agreed to buy a specialty lender in Atlanta.

Goldman Sachs (GS) and Morgan Stanley (MS) will pay a combined $557 million to settle allegations they mishandled foreclosures that followed the housing crisis.

Cheviot Financial is planning a large share repurchase program nearly a year after converting to a fully public company.

Cost control will sharpen further in 2013, given continued pressure from low interest rates and loan competition, U.S. Bancorp says. Other banks will face similar challenges.

David Stevens, president and chief executive of the Mortgage Bankers Association, highlighted several critiques of the CFPB's final QM rule during a speech on Wednesday.

PacWest Bancorp (PACW) in Los Angeles posted strong quarterly earnings to end a year marked by aggressive acquisitions.

Heritage Bank & Trust in Columbia, Tenn., has hired a veteran Tennessee banker as its new president and chief lending officer.

There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

JPMorgan Chase's CEO spent a year shaking up the bank's top ranks after the London Whale trading losses came to light. He acknowledged Wednesday that there was "too much" management volatility.

Examiners are starting to ask community banks for explain how their technology and staffing are prepared to handle disaster recovery.

In an interview, Morris Morgan, the federal government's point man for the painstaking review of 3.8 million mortgage loans, provided new details about the $8.5 billion deal regulators cut with 10 servicers last week and how it almost fell apart during negotiations.

Comerica (CMA) beat fourth-quarter profit estimates, as its fee revenue increased and expenses from its 2011 acquisition of Sterling Bancshares diminished.

Revenue expanded at most business units of JPMorgan Chase, but it still has to overcome the same economic problems as other banks and those of its own doing tied to trading and other missteps.

A new paper dredges up a tired argument against the Community Reinvestment Act, which played an important role in sustainably expanding home lending to many Americans. Let's move on already.

Community Trust Bancorp (CTBI) in Pikeville, Ky., posted higher quarterly profit after increased fee revenue offset shrinkage in its loan portfolio.