Why is Lee & Man Paper Manufacturing stock surging today?

Economic instability and ongoing affordability issues, caused by increasing material costs, high land prices, and elevated mortgage rates, persistently impact builder sentiment. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly constructed single-family homes decreased by two points to 34 in July, down…

”We don’t live lavishly, and sometimes we both think maybe we could upgrade a few things.”

Verification, CRA Tracking, State-Level Tax and MGIC Webinars, Non-Agency Product Developments I am no numerologist, but Freddie Mac’s announcement yesterday, that 30-year mortgage rates are averaging 6.66, caught my attention. Unlike rumors, like the one going around about a Texas IMB buying California IMB, hard, provable numbers are hard to argue with… Like…

Market Notice This Market Notice covers changes to the Bank’s collateral eligibility framework for the Sterling Monetary Framework (SMF). This is in the context of supporting the transition to a repo-led, demand-driven operating framework for supplying central bank reserves and is in part motivated by feedback received in response to the related Discussion Paper.   The changes in…

F.L.Putnam, a Lynnfield, Mass.-based RIA with over $11 billion in assets under management, has secured a new minority investment from Bixby Wealth Solutions, an arm of Moontower Group. The RIA will continue to be run by the same leadership team, including CEO Tom Manning, who will also maintain majority ownership along with firm employees. Emigrant…

CIP Real Estate has paid $99 million for an industrial and office park in Broward County, Fla., property records show.  Called Lyons Business Park, the property includes about 10 buildings, totaling 338,000 square feet It’s located at 6601 Lyons Road in Coconut Creek, Fla., near the corner with Johnson Road, about a mile west of…