Billionaire Warren Buffett, who controls a big stake in Wells Fargo and has invested $5 billion in Bank of America, said that lenders were victims too in the foreclosure crisis. That brief sentiment in a letter ...

The consumer backlash against big bank fees, along with poor service, has fueled increases in defection rates among customers of large, regional and midsize banks, according to the J.D. Power and Associates. The ...

Bank of America, the second-largest U.S. lender by assets, said it would no longer sell new mortgages to Fannie Mae, the government-owned home loan purchaser. Bank of America said loan customers would not feel the ...

Homeowners facing possible foreclosure are increasingly being given cash incentives to complete short sales as lenders opt for a quicker resolution. Shorts sales have been on the rise, but cash incentives are a ...

The biggest U.S. credit card companies saw mixed results in defaults and customer late payments in January, but the overall trend in credit quality remains on a positive trend and well below peak crisis levels. The ...

Those seeking a review of foreclosure actions on their homes in 2009 and 2010 have received a 90-day extension on requesting the so-called Independent Foreclosure Review ordered by bank regulators. The new deadline ...

The practice of banks re-activating closed accounts if there is an electronic deposit or credit – as with some bill payments – is nothing new. But last fall switching banks, particularly from the big institutions ...

The use of health savings accounts – often paired with high-deductible insurance plans – is surging as more employers pass along the cost of benefits to workers, who can contribute to these accounts tax-free, ...

Updated 04.06.2012: Over the next few months, a settlement administrator and the nation’s top banks will  identify homeowners eligible for cash payments, principal reductions or favorable refinancing terms ...

A mortgage servicing subsidiary of Bank of America has agreed to settle Federal Trade Commission charges that it illegally assessed more than $36 million in fees against homeowners already having trouble paying ...