FHA change cuts mortgage lending to nonpermanent residents

Prior was 54.0 Prices paid 70.3 vs 67.7 prior New orders 57.2 vs 55.1 prior Employment 47.4 vs 51.2 prior Business activity 59.1 vs 55.4 prior The S&P Global final PMI for July was released shortly before this report and was at 54.6 vs 53.6 previously, that was an 8-month high. This report missed but…

The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas-based Tricolor Holdings, LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to multiple asset-backed…

The province-wide average listing price slipped approximately 1% year-over-year to $924,826. Brendon Ogmundson, chief economist at the BCREA, noted that monthly activity has climbed from January, when transactions dipped below 5,200, but acknowledged that the gap with historical norms remains pronounced. “Provincial home sales remain well below long-term averages but have been steadily improving throughout…

Landbay has cut buy-to-let rates by up to 35 basis points today and Nottingham Building Society is lowering landlord deals by up to 15bps tomorrow. At Landbay, rates have been cut across its Premier, Core and Specialist buy-to-let ranges and now start from 3.44%. The lender has also launched eight 65% LTV Specialist products across…

Five contemporary residential properties have been listed for sale across England and Scotland, ranging from £415,000 to £1.8 million, according to estate agents. In Barton, Lancashire, north of Preston, a property built in 2020 is listed at £850,000 through House & Heritage. The timber-clad residence features three double bedrooms, a dressing room, and an open-plan…