Fannie Mae has entered into deals with JPMorgan Chase and other companies that transfer some of the credit-loss risk on mortgage-backed securities to investors. Not only do these deals reduce the danger that taxpayers could be forced to cover the GSEs' losses, they may help make mortgages more affordable.
A growing number of Americans frequent payday lenders, check cashers and other firms outside the financial mainstream, and with good reason: they cannot get reliable and affordable service from the country's biggest banks.
Continuing housing problems and increasing economic inequality are bringing illness to low-income neighborhoods. To solve the problem, policymakers and financial industry leaders need to develop programs that address the intersecting issues of health and poverty.
As the financial industry scrambles to monetize big data, it would be smart to remember that consumers' growing concerns about privacy issues might staunch the flow of personal information in coming years.
Apple Pay is a watershed moment that will do more to stimulate mobile commerce than the sum of all previous efforts. But it also has an impact on branding that should make it part of a broader mobile menu for banks and retailers.
Millions of Americans rely on payday loans to meet their short-term credit needs, and new research suggests that they understand the costs and terms associated with the product.
The multifamily housing sector is likely to remain healthy thanks to favorable demographics Â-- but the apartment market is almost certainly past peak for this cycle.
Russia's Sberbank is offering a "cat housewarming delivery service" to new mortgage borrowers in an effort to ditch its staid reputation, writes Austin Kilgore of National Mortgage News .
