Demographics

Where do millennials go when they want the advantages of a big-city economy, job market and lifestyle but they can't afford the higher cost-of-living? Some are choosing Owensboro, Ky.

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

As a year of record-breaking home-price increases continues across the Seattle area, millennials and other first-time buyers are coming to grips with the reality that they simply can't save up quickly enough to match the rise in home costs.

Building off the success of policy changes in 2016, there are now even more ways for mortgage lenders to help student loan borrowers become homeowners.

In housing markets dominated by young borrowers, millennials took an even bigger share of overall mortgage activity in August.

While millennials were the largest group of home buyers in the past 12 months, many had problems with affordability and the down payment.

Consumers across all generations, from millennials to baby boomers, want more online and digital communication with their mortgage lender, according to a survey from Velocify.

In a new book, Mehrsa Baradaran argues that the same forces of poverty that African-American banks were supposed to alleviate are now holding them back.

An overwhelming majority of millennials with student loan debt do not currently own a home, and are blaming student debt for delaying their ability to purchase.

Americans view homeownership as more important than having kids, but less important than achieving career goals, according to Reportlinker.

From debunking down payment myths to making sense of interest rates, here's a look at five essential lessons lenders can teach to millennials preparing for homeownership.

The largest generation of Americans is set to inherit over $59 trillion in assets, but the federal financial regulators are behind in hiring millennials and focusing on issues of concern to them.

Millennial credit scores are lower than when Generation X consumers were coming of age, reflecting changes in credit consumption and other consumer behaviors.

The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.

President Trump’s proposed cuts to programs providing credit options for low-income and underserved communities would have a particularly negative effect in states that voted for him.

Devon Bank in Chicago has a long history serving immigrant groups in one of the nation's most diverse neighborhoods. Right now, its clients are worried about President Trump's actions on immigration and deportation.