Economy

Every consumer with a 401(k), retirement account or brokerage account ought to care about whether the government has the right to unilaterally amend a company’s operating agreement.

Wells Fargo has named Michael DeVito head of mortgage production, making him responsible for its retail and correspondent lending divisions.

The San Francisco company hopes to lower its costs by driving out human intervention as much as possible. To get there, it has made the counterintuitive decision to locate its operations staff in one of the country’s most expensive cities.

Summit State Bank in Santa Rosa, Calif., has exited the Small Business Lending Fund.

The Home Mortgage Disclosure Act data set to be released in the next few weeks will offer new proof that mortgage lending activity was stronger than expected last year. That fresh data, the likely delay in Fed action on rates and other factors could prompt higher volume estimates for 2015.

More than half of real estate agents are planning to extend their sales contracts to provide more time for the closing processing due to the coming implementation of new mortgage disclosures.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to coexist with, rather than supplant, the traditional mortgage market.

A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.

Suncrest Bank is hoping that its team of experienced executives, combined with organic growth and acquisitions, will help more than double its assets in the next few years.

The U.S. auto lending industry continues its multiyear boom. What follows is a look at numerous metrics that reflect the red-hot state of the market.

IMGCAP(1)]

As the Consumer Financial Protection Bureau finishes regulations dealing with mortgage data reporting, a similar set of requirements for small business loans is waiting in the wings.

The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.

The "buy buttons" that are popping up on social media platforms are intentionally simple, often meant to enable one-click purchases of individual products. But as the technology's popularity grows, so must its capabilities.

Nearly seven years after the financial crisis, the uncomfortable truth for the banking industry is that populist anger remains alive and well.

Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.

Dylan Richard was the lead engineer for President Obama's reelection campaign, where the use of unstructured "social data" forever changed how presidential win the support of their constituents. Four years later, he's one of PayPal's newest recruits.

In a rapidly growing market outside the purview of the Truth in Lending Act or state usury caps, online lenders' rates and fees can be next to impossible to compare.

Bank of the West in San Francisco has hired three development officers for Small Business Administration loans.

FirstMerit in Akron, Ohio, has reached an agreement with Paychex to provide payroll-processing services.