In the originate-to-own model, the mortgage lender -- which can be a private mortgage company, bank, thrift or credit union -- holds the mortgage for its term, usually 30 years. Every month the bank* originating the mortgage receives a payment made of principal and interest from the homeowner...

The program will include presentations by Pamela Soekland of Smith Barney and Ashley Sparks of Redwood Credit Union and is meant to teach young professionals why it is important to get more involved with their finances now and how to go about it. ...

Keefe, Bruyette & Woods analyst Robert Hughes on Monday upgraded Capital One financial corp. to "Market Perform" from "Underperform" due to a recent sell-off in shares.

Mortgage originator PHH Corp. said Monday it named Sandra Bell chief financial officer and executive vice president, succeeding Clair Raubenstine.

Shares of credit-card companies rose Monday along with the broader market despite continuing fears that the credit crisis will dampen economies globally.