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Craig Riddell

Manual non-agency underwriting gaps in leave competitors exposed

Investors are expressing more concern about slipping credit quality in the non-agency market, particularly due to how the loan packages are being handled. Processing Content Performance of non-QM mortgages has declined on a month-to-month basis on loans tracked by dv01, a unit of Fitch Ratings. The primary market is delivering incomplete loan files to the […]

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D.R. Horton bets operating rigor will outperform uncertain demand

Few homebuilding enterprises look so voraciously at other homebuilding operators’ share of new-home sales in any given arena as present and future opportunity as does D.R. Horton. When those Horton flags flap in the dry summer wind, you can almost hear them as lips smacking in anticipation of a good meal later in the day.

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Will Trump’s new Canadian tariffs add cost risk for builders?

On Monday, President Donald Trump threatened to impose 50% tariffs on most Canadian goods, raising questions about the potential impacts on homebuilders and residential construction costs.  The tariffs, which would take effect in 30 days if the United States and Canada can’t negotiate an agreement, would impact multiple materials utilized by homebuilders. However, while tariffs

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