The bank announced about 1,000 job cuts across the country – about 900 of which will be from its home lending unit
The California representative is expected to take over the House Financial Services Committee
Detroit constitutes the biggest municipal bankruptcy in US history. What will the move mean for the beleaguered city's housing market?
A major lender will outsource the servicing of its defaulted loan portfolio to cut costs, with up to 300 jobs "impacted" as a result
Lenders may be easing up on underwriting standards as the proportion of loans with FICO scores below 700 has risen dramatically
A Fed governor has claimed compliance and enforcement are key in preventing asset bubbles like the one that exacerbated the housing crisis
Seven Michigan originators have been arrested over allegations of submitting fraudulent loan applications
An annual report on corporate scandals has been released, and the finance industry hasn't escaped unscathed