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The college savings industry has welcomed a regulatory ruling that lets 529 plan owners change their investment strategy twice a year, rather than once. But those in the business say [...]

MGIC Investment Corp. said it will still cover broker-sourced loans, but as of March 9 it will eliminate some other products from its menu, including cash-out refinancings. In a company [...]

In response to pending delivery fee hikes from the government-sponsored enterprises, some residential lenders are raising prices - especially on condominiums - before the GSE fee increases take effect, loan [...]

WASHINGTON - The financial services industry is backing a bill to permanently raise the deposit insurance limit to $250,000 per account, though it would deplete the Deposit Insurance Fund reserves [...]

The person-to-person mobile payment company Obopay Inc. says it can help banks attract deposits through social networking Web sites such as Facebook. The Redwood City, Calif., company introduced Tuesday a [...]

A coalition of mortgage lenders led by a former Fannie Mae official and two other industry veterans is considering lobbying elected officials and regulators to let Fannie, Freddie Mac, and [...]

Fair Isaac Corp. now says that FICO 08, the newest version of its FICO score, will be available early next year - a year later than originally scheduled. Careen Foster, [...]

A fledgling credit market that lets businesses trade accounts receivable has allied with the nation's largest provider of Uniform Commercial Code filings to help buyers perform due diligence and file [...]

In his first major initiative since becoming the head of Citigroup Inc.s alternative investment business, Edward Ned J. Kelly 3rd announced plans to shut down the fund business founded by [...]

WASHINGTON -- Office of Thrift Supervision Director John Reich on Tuesday renewed his criticism of the Treasury Department's plan to restructure financial services regulation, and promised to deliver a counterproposal [...]

Moody's Investors Service Inc. upgraded its servicer rating for Citigroup Inc.'s CitiMortgage Inc. for prime residential mortgages to 'SQ1,' the rating agency's highest level. On Friday, Moody's said CitiMortgage's servicing [...]

Fitch Inc. and Moody's Investors Service Inc. downgraded American International Group Inc.'s debt ratings Monday for the second time in two months. The downgrades came a day after the New [...]

WASHINGTON -- Members of the National Home Equity Mortgage Association will visit Capitol Hill in May to talk with legislators about the need to pass a uniform national standard in [...]

WASHINGTON -- For more than a year now Ameriquest Capital Corp. - the nation's largest subprime lender - has toyed with the idea of taking some portion of its mortgage [...]

Financial services companies are objecting to a plan that would overhaul accounting for entities commonly used to securitize assets, and the Financial Accounting Standards Board will hear those objections at [...]

Moody's Investors Service Inc. on Thursday cut its ratings on $153 million of mortgage-backed bonds issued in 1997 by GMAC Commercial Mortgage Securities Inc. The downgraded bonds were the five [...]

Still sizing up the controversial tax bill signed into law last week, financial services companies are divided over just how much the $350 billion package will help the economy, and [...]

Commercial mortgage-backed securities issued in the first quarter were backed by less diverse pools of loans with higher leverage than those issued in previous quarters, according to Moody's Investors Service [...]

Being bigger is not necessarily better for corporations seeking loans from their banks. A study by the Association for Financial Professionals indicates that banks are putting heavy pressure on their [...]

Microsoft Corp.'s plan to get consumers to store their personal information in electronic wallets that can open doors at unrelated Web sites has been blasted by consumer privacy groups and [...]

Financial services industry officials such as Lawrence Uhlick are trying to convince the Bush administration that a holdover regulatory proposal could push billions of dollars of foreign deposits out of [...]

Banks are reducing their expectations for data warehouses since the projects are taking so long and costing so much. Such projects have been scaled back to produce results quicker, and are now focused on 'data marts,' or smaller segments of data. Banks are using such information to discover the needs of specific customers and tailor their marketing and products. Consultants and technology companies working on data projects present their views., Bankers are learning some hard lessons about yet another of the crazes that have pervaded marketing and technology in recent years. Data warehouses-giant information repositories for sales and decision support-are [...]