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Reverse Mortgage Industry News

• California bills target condo deposits and defect liability
  California lawmakers are weighing bills that would reduce regulatory barriers to revive condominium construction, which has dropped significantly from its peak in the years before the Great Recession. Assembly Bill 1406 would raise the state’s liquidated-damages limit on new condominium sales from 3% of the purchase price to 6%. Backers frame the bill as “condo […]
• Lennar land bank exposure under the microscope
  All eyes are on Lennar’s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk – recognized or not – sits inside the company’s land-light strategy? In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of […]
• Labor department rule would ease path for riskier 401(k) investments
  The first Trump administration issued guidance in 2020, effectively giving a green light to the use of private equity in retirement accounts.