Economy

Online lender StreetShares' strategy is based on the premise that borrowers are more likely to repay when they have a genuine personal connection to the lender.

The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.

Treasury Secretary Jack Lew cast doubt Tuesday on whether recent moves by large nonbank firms to sell assets were driven by a desire to shed their regulatory label of "systemically important."

Startupbootcamp's fintech accelerator in New York boasts an unusually large faculty of 225 mentors, trained to give candid feedback and prepare the class of 10 startups for the real world.

ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.

The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

The Clearing House Association, a trade group including some of the largest U.S. banks, said in a comment letter Tuesday that the Fed’s proposed countercyclical capital buffer plan potentially violates administrative procedure laws.

Todd Sherman, who with his brother Tyler Sherman co-founded mortgage software developer Motivity Solutions, has died.

The sheer volume of regulations adds time and expense to closings without much benefit when consumers’ main interest is to get funds as quickly as possible.

The Supreme Court on Monday asked the executive branch for its views on a legal case that has sparked worry within the financial industry. That opinion is expected to have a big impact on whether the justices decide to hear Madden v. Midland Funding.

A well-known Wall Street firm is urging Citigroup to split itself in two for the benefit of investors, adding to the chorus of calls for the biggest banks to be broken up. How much of a difference will it make?

If an independent sales organization wants to convert a merchant to the most current faster payment technologies, the ISO itself must practice what it preaches.

Chicago-based Avant said Monday that it has started offering to refinance car owners’ loans. The firm also plans to begin financing purchases of new and used vehicles later in 2016.

Some believe the capital markets need prudential regulation to protect the system from danger, but here's why that is a false assumption.

In a blow to community groups that had opposed the acquisition, the Federal Reserve on Monday approved the application by Goldman Sachs to acquire roughly $17 billion in online deposits from GE Capital.

The Supreme Court on Monday asked the Obama administration to express its views in a case that has raised doubts about the business model used by many online lenders.

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.

If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.