Economy

Wells Fargo's tentative agreement to pay $1.2 billion to resolve claims by the Justice Department that it made shoddy FHA loans is bad news for other banks that are the targets of similar probes.

More than 1 million homebuyers qualified for a mortgage in the third quarter, the first time since the financial crisis that lenders reached such a threshold, according to research by the Urban Institute.

SunTrust Banks in Atlanta has committed $50 million to a credit facility for the online small-business lender Credibly.

The House approved a bill 427-0 that would revamp the Federal Housing Administration’s condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.

Here are the most common mistakes that would-be financial services disruptors make on their way to trying to execute a great idea and business plan.

The Canadian bank's U.S. wealth management arm is moving toward a hybrid digital-human advice platform, partnering with BlackRock's FutureAdvisor to add robo tools for its 1,900 advisers.

Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.

Blockstream, a tech startup that employs several core developers of the bitcoin protocol, has raised $55 million in venture capital to develop its sidechain technology and expand its global operations.

Fannie Mae and Freddie Mac unveiled an appeals process Tuesday that will allow an independent arbitrator to resolve disputes between lenders and the government-sponsored enterprises over loan repurchase demands.

In a presidential race dominated by populists and even an aging socialist, the establishment candidates that bankers prefer — Hillary Clinton and Marco Rubio — had a good night in Iowa on Monday. But the race is far from over, and the Iowa results showed some ominous signs as well.

Lenders argue that the GSEs would be better off buying more loans that are already insured, rather than transferring credit risk after holding them for a time. But Freddie Mac's Kevin Palmer says certainty of reimbursement is more important than the timing of risk transfers.

The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.

The central bank should not delay putting in place a long-term plan that diminishes its outsized influence and allows the financial markets to work without interference.

WASHINGTON — Key Democratic lawmakers are urging the Department of Housing and Urban Development to tighten its program for selling nonperforming guaranteed loans to ensure servicers have exhausted all loss mitigation options before the loans are sold to private investors.

OnDeck Capital, an online small-business lender in New York, has added a former E-Trade Financial executive to its board, as another director plans to leave.

The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.

Media properties and financial services rarely go hand in hand, but in Canada one partnership is testing whether today's millennials will be more open to that kind of pairing.

On the surface, traditional bankers and third-party disruptors may not always have the same approaches in mind, but the gap between their goals and how to go about it is increasingly getting smaller.

Univest believes its subscription-based pricing model may have solved a persistent fee conundrum – charging small-business customers for various services without irking them.

In an exclusive survey of bankers nationwide, American Banker found that regulatory relief and ensuring fintech companies faced banklike rules were the two top priorities for the industry this year — while taxing credit unions and restructuring the CFPB took a back seat.