The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.

The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.

Late payments on consumer loans dipped slightly in the first three months of the year, but remained at a level not seen since the early 1990s.

Late payments on consumer loans dipped slightly in the first three months of the year, but remained at a level not seen since the early 1990s.

Uncertainty about the scope and timing of credit losses at banks has led to widely divergent analyst earnings estimates, and recovery in the sector might not occur until 2010, analysts said Monday.

Washington Mutual Inc., the nation's largest savings and loan, said Monday it replaced the president of its retail banking division, James Corcoran.

Washington Mutual Inc., the nation's biggest savings and loan, spent $270,000 in the first quarter lobbying on banking, mortgage and regulatory issues, according to a recent disclosure form.

Banks and thrifts may be forced to raise more capital as the ratio of non-performing assets in their portfolios rises, according to Friedman, Billings, Ramsey analyst Paul J. Miller.

Continued concern about deterioration in the credit markets has shares of financial-services firms tumbling Thursday, with most slipping more than broader market indexes.

An industry group's report due Thursday is expected to show that sales of existing homes rose by more than 2 percent in May, an indication that buyers may finally be taking advantage of sharply discounted prices.

The tenants evacuated from a Philadelphia apartment complex won't be moving back.

Washington Mutual Corp., the country's largest savings and loan, says its shareholders have approved a $7 billion investment from private equity group TPG and other institutional investors.

(Reuters) - Washington Mutual Inc <WM.N> may be able to withstand estimated losses of $36 billion and remain in business, and avoid an additional capital raise, said Ladenburg Thalmann analyst Richard Bove, who narrowed his 2008 loss forecast for the thrift.

Washington Mutual Inc <WM.N> may be able to withstand estimated losses of $36 billion and remain in business, and avoid an additional capital raise, said Ladenburg Thalmann analyst Richard Bove, who narrowed his 2008 loss forecast for the thrift.

Energy concerns weighed heavily on Wall Street on Tuesday. What follows are the day's video highlights.