Author name: Ricky Vasquez

Why Builders FirstSource bought ICG; and why Pulte sold it

Builders FirstSource’s acquisition of Innovative Construction Group (ICG) from PulteGroup signals that, while homebuilders see value in off-site construction, many prefer to rely on third-party manufacturers rather than own those operations themselves, especially during down cycles.  Builders FirstSource announced Monday that it will acquire ICG for an undisclosed price. ICG, which manufactures, sells and installs […]

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OriginPoint adds $165M Halliday-Levin team to boost West Coast mortgage presence

Chicago-based mortgage lender OriginPoint has hired top-producing loan officers Erin Halliday and Jon Levin from New American Funding, where they operated as a high-volume production team. Halliday and Levin officially joined OriginPoint — a joint venture of Rate and Compass — on July 27 as the Erin Halliday & Jon Levin Team, the company said

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Social Security 2100 Act seeks higher benefits, long-term program solvency

A sweeping Social Security reform bill reintroduced in the House of Representatives would boost benefits for millions of Americans, change how cost-of-living adjustments (COLAs) are calculated and impose new taxes on high earners to shore up program finances. The Social Security 2100 Act, H.R. 9519, was reintroduced by Rep. John Larson (D-Ct.) and referred to

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