Mortgage industry reacts to Pulte’s absence at MBA Annual

Lazard had eliminated more than 80 managing director roles. Credit: chaylek/ Shutterstock.com. Lazard has posted net income of $5m for the second quarter of 2026, a decline of 91% from $55m in the year earlier period, driven by an “elevated tax rate” and weaker revenue in its advisory operations.   Average assets under management were $279bn in the second quarter of 2026, up 17% year-over-year (YoY).  Access deeper industry intelligence Experience unmatched clarity with a…

Newcastle Building Society increased gross mortgage lending to £623m in the first half of 2026, up from £570m a year earlier. The mutual reported net core residential lending of £289m for the six months to 30 June, compared with £156m in the same period last year. Total mortgage balances increased by £235m to £5.9bn….

A record $166 billion of domestic institutional inflows over the past 22 months has transformed the ownership of India’s stock market. Domestic institutional investors now hold 21% of the Nifty 500—an all-time high—compared with 17% for foreign institutional investors, signalling that Indian equities are increasingly being driven by domestic rather than overseas capital, according…

Key insight: Happen’s entire earnings beat came from the provision line. Pre-provision profit missed analyst estimates by about 5%. Supporting data: Diluted earnings of 50 cents a share beat a 42-cent consensus drawn from nine analyst estimates collected by S&P Capital IQ. Forward look: Full-year earnings guidance rose to $1.80 to $1.90 a share from…

Key Points Apple’s shares fell after its latest earnings report due to poor guidance. The tech giant tends not to stay down too long following post-earnings dips. Apple’s business is rock-solid, and the stock can still deliver excellent returns over the long run. 10 stocks we like better than Apple › Apple (NASDAQ: AAPL) reported…