Economy

Federal Reserve Chair Janet Yellen has promised to serve out her term heading the central bank until it expires in 2018, ending speculation that she could resign earlier and give President-elect Donald Trump another important appointment to make when he assumes office in January.

Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.

A long-awaited report by the Federal Reserve’s Office of Inspector General found “significant variability” between regional banks’ willingness to consider dissenting supervisory views, and said the challenges facing the New York Fed are especially daunting.

The Home Equity Mortgage Conversion program experienced a huge swing in its net worth during the fiscal 2016 year, plummeting from a value of $6.8 billion in fiscal 2015 to negative $7.7 billion.

As the Justice Department winds down its Mortgage Fraud Task Force and a new administration prepares to enter the White House, the number of False Claims Act cases brought against Federal Housing Administration lenders is expected to dwindle.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here's why.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

The president-elect should consider establishing an executive-level office to inform his administration on ushering in a new era of financial regulation — one that is much savvier about new technology and big data.

Minneapolis Federal Reserve Bank President Neel Kashkari has sketched out what he calls a streamlined, simplified post-crisis regulatory structure that can end "too big to fail" and prevent financial crises – but it comes at the expense of economic growth.

The surprising outcome of last week's presidential election is already causing some banks to adjust interest rates on loans and rethink their technology spending.

The Federal Housing Administration's insurance fund saw its fourth consecutive annual boost in its ratio of reserves to insured mortgages, reaching 2.32% in fiscal year 2016, the Department of Housing and Urban Development said Tuesday.

In a highly anticipated report, the Government Accountability Office found room for the Fed to improve its stress testing program, but its criticisms fell far short of industry hopes that the watchdog would provide cover for sweeping changes to the program.

Refusing to let innovators experiment in a permissive environment keeps regulators in the dark, and ultimately, prevents progress in financial services.

After anticipating four years of coordination with the White House, stunned Wall Street critics are reorganizing their priorities and vowing to oppose any attempts by the new Republican government to roll back post-crisis reforms.

The president-elect faces major questions about credit access, affordable housing, the future of Dodd-Frank, and the structure of the Consumer Financial Protection Bureau, and the extent to which he will act upon them remains unclear.

Facebook has disabled so-called ethnic affinity filters from housing, credit and employment advertising following mounting criticism that the practice allowed marketers to discriminate against minorities in violation of fair housing and civil rights laws.

Donald Trump's campaign strongly endorsed the idea of restoring the Depression-era separation of banking and commerce, but since Trump's victory, the idea has all but vanished.

Industry forecasts for 2017 mortgage volume assumed a continuation of current housing and economic policies under a Hillary Clinton administration. But with Donald Trump's win, analysts are sorting out what, if any, adjustments are needed to those projections.

Officials of the National Association of Realtors were ecstatic about the Federal Housing Administration's lower owner-resident requirements for condo loans – until they read the fine print.

A community banker on the president-elect's economic advisory council says none of his tax reforms target the mortgage interest deduction.