Economy

Hours after Jamie Dimon alluded to the budding partnership, the banking giant and marketplace lender went public with their plans to launch an online lending platform in 2016.

The marketplace lender LoanDepot has securitized $150 million of its unsecured personal loans.

It is wrong to claim the Federal Reserve's proposal requiring "total loss-absorbing capacity" will perpetuate the "too big to fail" problem. Indeed, it is just the opposite.

Kal Raman has resigned as president and chief executive of Xome, the digital platform of the nonbank mortgage servicer Nationstar Mortgage Holdings.

Anticipation of rising interest rates has stirred more talk among mortgage lenders about the need to originate loans to borrowers with low credit scores. Mortgage lenders like Angel Oak Home Loans in Atlanta argue there is a distinction between the subprime products being pitched today and the infamous stated-income loans of yore.

The Portland, Ore., company is pitching its technology as a way for banks to enter digital lending without sacrificing their relationships with customers.

The Federal Reserve Board finalized a regulation that further narrows its ability to provide emergency funds to companies in a crisis.

With the Consumer Financial Protection Bureau's disclosure rule potentially slowing down the loan process, institutions need to focus on communication strategies to keep young borrowers at the closing table.

The Federal Reserve Wednesday finalized certain changes to its stress testing program for 2016, including phasing out certain capital requirements and delaying the implementation of others.

No two mortgage servicing rights portfolios look the same, and buyers have strong opinions about the kinds of deals they want to do. Here are some factors that can swing MSR transaction values, according to Matt Maurer, managing director at MountainView Capital Holdings.

A new Fannie Mae program allowing nonborrower income to count in qualifying homeowners for low-down payment loans received near-universal praise from industry representatives and federal officials at a recent housing symposium here.

Between regulatory and competitive pressures, ISOs have a lot on their plate for 2016, particularly for the most growth-hungry companies. Here is some food for thought for ISOs as they plan their strategies for the year ahead:

Mobile payment users are still in short supply, and the growing range of options may be seen as too chaotic for consumers who haven't yet used a mobile wallet.

Bryan Sullivan, the CFO at LoanDepot, talks about its growth prospects without fuel from an initial public offering, how getting consumers to opt for home equity lines of credit is tough, and why he considers the nonbank a disruptor.

WASHINGTON — The Federal Reserve said Tuesday that it will begin to implement significant changes to its supervisory program — particularly for large financial institutions — following the recommendations of yearlong internal investigation into how the central bank examines banks.

A federal judge who dismissed a case against two high-cost lenders suggested the outcome was unfortunate, but said her hands were tied by the law.

The Federal Housing Administration's annual financial report demonstrates the outsize influence of reverse mortgages on the performance of its insurance fund, fueling a debate about whether those loans belong there.