California bills target condo deposits and defect liability
California lawmakers are weighing bills that would reduce regulatory barriers to revive condominium construction, which has dropped significantly from its peak in the years before the Great Recession. Assembly Bill 1406 would raise the state’s liquidated-damages limit on new condominium sales from 3
Iran war threatens Trump dream of lower interest rates
The increase in 10-year yields this month has had the effect of arresting what had been an encouraging decline in US mortgage rates for lenders.
Lennar land bank exposure under the microscope
All eyes are on Lennar’s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk – recognized or not – sits inside the company’s land-light strategy? In recent days, that question has pitched from a routine analy
Pamela Heman
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