Last Friday, the video that kicked off Warren Buffett’s annual meeting began making the rounds, starring two British comedians and a pretty hilarious overview of the subprime mess and ensuing credit meltdown. See how how “dodgy debt” transforms into an “investment vehicle.” And the discussion of “enhanced leverage” is not to be missed. Sure, you could read today’s news stories about what Buffett said about the credit mess and where it’s going next, but we think this is infinitely more entertaining.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]