Projection calls for largest Social Security COLA increase in 4 years

Generation Rent may not be disappearing. It may simply be getting older, and neither Britain’s pension system nor its housing policy looks ready for what follows. A Facebook post by Adam Lawrence recently stopped me in my tracks. It suggested that somebody retiring as a tenant could need £400,000 in pension savings just to pay…

Finance of America grew its reverse mortgage business significantly in the second quarter, despite posting a $29 million loss during the period. Processing Content Funded volume increased 21% year over year to $730 million for the Texas-based reverse mortgage company, meanwhile its net income fell 136% from $80 million in the second quarter of last…

Truist: Solid Credit And Renewed Focus Creates Opportunity (Upgrade)

Vertex Pharmaceuticals (VRTX +2.10%) has dominated the market for cystic fibrosis (CF) medicines since it earned approval for its first drug in this niche in 2012. To this day, most of the company’s revenue comes from its CF franchise. In the second quarter, Vertex posted $3.33 billion in revenue, representing a 12% year-over-year increase. CF-related…

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The loans would require a 5 per cent deposit, which the party said borrowers could source either from their superannuation savings or a first home buyer grant. One Nation presented the policy as a way to “take on” the major banks by undercutting their mortgage pricing. With new owner‑occupier rates averaging about 6.2 per cent…