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Parents of millennials are more likely than other generations to have their adult children still living at home, but according to a study by Fannie Mae, more than half of them don't mind their children staying in the nest. For ...

U.S. payrolls grew less than expected in July, a potential sign that the labor market recovery might be cooling after an early summer hiring spike. According to the Department of Labor, the economy added 209,000 jobs in July, falling short of the 233,000 ...

Director Richard Cordray of the Consumer Finance Protection Bureau has testified before the House Financial Services Committee on the subject of discrimination within the bureau. Cordray went on record to say: “Because of the speed with which we tried to ...

Homeownership in the United States lost ground in the second quarter, declining to a new 19-year low as consumers—particularly young adults—continue to grapple with debt and difficulties obtaining credit. According to the Census Bureau, the U.S. homeownership rate was 64.7 percent ...

Despite an anticipated pickup in economic growth and housing recovery, Fannie Mae expects the economy to grow at just 1.5 percent overall this year. Fannie revised its previous estimate of 2.1 percent growth for 2014 after a disappointing first quarter, ...

The ongoing tension between the Justice Department and the House Committee on Oversight and Government Reform saw a new development this week as Committee Chair Representative Darrell Issa, requested the department turn over all of its documents related to its recent securities settlements with JPMorgan ...

The labor market has taken significant steps in the quest to return to pre-recession employment levels, but concerns remain about the quality of jobs being created. Wages have increased over the past year, but are lagging behind the predicted growth ...

The office of the Special Inspector General for the Troubled Asset Relief Program announced that Jesse Litvak, a registered broker-dealer and former managing director at New York investment bank Jefferies & Co., Inc. was sentenced today to 24 months in federal prison and ordered to pay a $1.75 million dollar fine in connection to his conviction for defrauding consumers trading in residential mortgage backed securities.

In a positive sign for the housing market, RealtyTrac reported Thursday a decrease nationwide in homes that were classified as “seriously underwater”, down to 9.1 million homes in the second quarter of 2014, representing 17.2 percent of all homes nationwide. The number is a decrease from the 17.4 percent of underwater homes recorded in the first quarter