Renovation and Jumbo News; Lender Stocks Getting Slaughtered – Where’s Your 401k?

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Posted To: Pipeline Press

“Well, shakin’ my moneymaker ain’t ever made me a dime! And there ain’t no sugar for you in this shaker of mine!” So sing Maddie and Tae. Conversely, homebuilders are pretty good at making plenty of dimes (if they can find land and labor), but they aren’t immune to mounting compliance costs due to the regulatory regime. Of course these rising compliance costs are passed on to consumers. Regulatory fees have increased by nearly 30% since 2011. “It really makes it hard to satisfy the lower end of the market, which is a lot of first-time buyers,” said Paul Emrath, vice president for survey and housing policy research at the NAHB, who conducted the survey of about 400 builders across the country. News continues to hit about Lending Club . Its stock was down 26% yesterday. And…(read more)

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