Dear Parents, don’t expect your homebuying Millennials to pay you back

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate

Here's how to handle electronic delivery of mortgage disclosures

So many aren't even ready for TRID
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Items Tagged with 'Economy'

ARTICLES

MIT grad’s new housing theory upsets Piketty’s work

And economists think his points are valid
A recent MIT graduate’s new paper puts up one of the greatest critiques to Thomas Piketty’s book “Capital in the Twenty-First Century,” which is renowned as one of the most influential books in history. And one the paper’s main points that is gaining ground: Housing’s role in growing returns on capital.
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Jobless claims rise above 300K on energy layoffs

Initial claims trending higher
Energy price cuts are leading to more layoffs in shale heavy states like Texas and Pennsylvania, pushing initial jobless claims back above the psychological watermark of 300,000 to 304,000, missing expectations by the most in a month.
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This housing market will never be saved

Six years later, still struggling
According to one bold housing columnist, housing will never spring back to its pre-recession levels. Despite all the government’s best attempts to spur activity again, these headwinds will remain.
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Citigroup 4Q net income tumbles to $350M

Income dented by legal fees
Citigroup's fourth-quarter earnings were significantly impacted by higher operating expenses. But despite the tough year, Michael Corbat, CEO of Citigroup, said the difficult year helped to pave the way for a strong 2015.
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