US 10-year breaches 5% as inflation, supply worries mount
The yield, a benchmark for mortgages and bonds, rose almost 5 basis points to as high as 5.01%, before pulling back to around 4.99% at 4:10 p.m. EDT Monday.
Lennar valuation near tangible book puts margins in spotlight
The stock trades at about 1.05x tangible book after a 16% decline, with ROE most sensitive to margin shifts
IMBs need to watch HELOC securitization costs as banks enter
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Pamela Heman
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