Day: April 30, 2020

Stricter Mortgage Lending Requirements Impact Both Low-Income and Affluent Homebuyers

We analyzed the top 50 U.S. metros to determine which homebuyers may be most vulnerable to stricter lending standards in the age of COVID-19. Americans in low-income areas are getting squeezed by higher credit-score and down-payment requirements, but more affluent house hunters are also feeling the pain of new lending restrictions.

As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with tightened mortgage lending standards, making it harder for house hunters to get their hands on home loans. The Mortgage Credit Availability Index—a gauge of how easy it is to obtain a home loan—

Read More

Shane Warne: ‘Favourite’ Brighton house of cricket legend demolished

Shane Warne’s “favourite” mansion at 32 Middle Cres, Brighton has been demolished.

Shane Warne’s “favourite” Brighton mansion has been almost completely bowled over by its new owner.

The historic bluestone’s modern extension and pool have been dramatically torn down over the past few weeks.

A Brighton agent connected to the cricketer previously told the Herald Sun the extravagant property at 32 Middle Cres was “his favourite house”, but the cricket legend offloaded it — for the second time — for about $20 million in an off-market deal in 2018.

Shane Warne sells Brighton mansion again, for $20 million


Read More