Economy

Shares in the online small-business lender plunged Tuesday after the firm's 2016 revenue guidance fell short of expectations. New details about the firm's plans to provide its technology to big banks did nothing to stanch the bleeding.

SecondMarket’s founder built a successful company by creating a market for illiquid paper. Then he went all in on bitcoin. The gamble doesn’t sound quite so crazy anymore.

Chinese banks will reportedly pay half of what U.S. banks are forking over to support Apple Pay, a sizable gap that's due to Apple's relative fame in different parts of the world and the sizeable hype behind the product's U.S. launch in 2014.

Meaningful rules encouraging Fannie and Freddie to do more with manufactured housing would allow more lenders into the market and make pricing more competitive.

It is time for institutions to act independently of the Federal Reserve and raise their loan interest rates to improve returns.

There's nothing like the threat of a corporate relocation to prod government economic development officials into action.

OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.

The affordable housing market has dried up in major cities across the country. In response, regulators and lenders are looking into new programs to get people back into single-family homes while also exploring ways to encourage multifamily developments.

The Treasury Department will invest an additional $2 billion from the Troubled Asset Relief Program into a federal fund that seeks to protect homeowners from foreclosure.

Big-bank representatives agree with the concept behind the Fed's "total loss absorbing capacity" proposal but argue that certain provisions are excessive and onerous.

The terms "peer-to-peer" and "marketplace" lending are often used interchangeably to define all manner of loans made through the Internet. The reality, though, is that aside from lacking storefronts, the many firms now operating in this arena have little in common with one another. Here's a guide to help tell them apart.

Bank of America will launch a 3% down payment home loan in partnership with Freddie Mac, but will not retain any risk if the loans default. That’s because B of A will immediately will sell the loans and servicing rights to Self-Help Federal Credit Union, a Durham, N.C., community development lender.

CCB Bankshares in South Hill, Va., has raised $3.5 million in a private placement of debt and will use some of the money to exit the Small Business Lending Fund.

The government-sponsored enterprise was enthusiastic about launching the 97% loan-to-value product when it announced it in December 2014. But it has yet to become a sizable part of Fannie's business.

With the Federal Reserve and Federal Deposit Insurance Corp. poised to announce the results, it's not clear who should be the most nervous: banks, regulators or the American people.

Shoppers who finance the purchase of cars, furniture and home improvements are protected under a decades-old federal regulation. Now consumer groups are urging the FTC to update its rule and consider offering the same protections to victims of home-mortgage or auto-leasing scams.

Inefficient, paper-bound processes, oligopolies that can charge high prices, the Rube Goldberg structure of correspondent banking, and excessive regulation all make it expensive for migrants to send money home. Technology is a big part of the answer.

Fannie Mae's net income fell 23% to $11 billion in 2015 from a year earlier despite benefiting from higher purchases of single-family and multifamily loans, the government-sponsored enterprise said Friday.

Survey results of voter attitudes from competitive swing districts indicate that the 2010 financial law is ripe for reform.

The decision in Yvanova v. New Century Mortgage Corp. has the potential to radically increase the number of lawsuits brought by borrowers, particularly on loans that were pooled into securitized trusts.