Putting the ROAD Act into action faces a funding and HUD gauntlet

The Building Societies Association (BSA) warned that home ownership is set to become the central dividing line for financial security in Britain by 2050, with access to property increasingly determined by family wealth rather than hard work and saving. The BSA warned the gap between those inside and outside the housing market is likely…

Tweaking my finances, work and life as I go from the “go-go” years to the “slow-go” years.

ANZ will pass on the Reserve Bank of Australia’s (RBA) latest cash rate hike on 27 March, following the central bank’s decision to lift the cash rate. The change will see a further 25 basis points added to ANZ’s variable home loan rates, affecting both owner‑occupiers and investors. The timing would be consistent with ANZ’s…

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PennyMac Financial Services admitted its second quarter results failed to meet expectations because of high interest rates, as well as funding the technology initiatives in artificial intelligence and automation. Processing Content “Although our operational execution remains solid, these results fell short of our expectations as interest rates increased and origination demand declined,” Chairman and CEO…

Outside interest is growing fastest in Buffalo, Chicago and Houston, where out-of-town rental search shares grew the most year over year. In established hotspots — Raleigh (59%), Hartford (55%), New Orleans (54%) and Nashville (52%) — outside rental searchers outnumber local rental searchers on Zillow. The largest shares of long-distance rental searches typically come from…