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Homebuilding scale emerges as a fiduciary priority for boards

A question has hovered over America’s publicly traded homebuilders as the price, pace and margins plot thickened on or about February 28, 2026. How big is big enough anymore, especially with the cloud of uncertainty that intensified on the day the Iran War began? Taylor Morrison Home Corp.‘s recently filed proxy statement, detailing the process that culminated in Berkshire Hathaway‘s agreement...

VA loan fee hike proposal advances in Congress, drawing industry pushback

Legislation moving through Congress would increase fees on U.S. Department of Veterans Affairs (VA) loans, creating a new flashpoint for the mortgage industry. H.R. 6047, which would expand benefits for severely disabled veterans and survivors, would offset its costs by raising fees. The fee for the Interest Rate Reduction Refinance Loan (IRRRL) program would rise from 0.5% to 1.42%, while the VA...

5 New Kitchens With Classic Details (10 photos)

Classic kitchen designs endure for a reason. Features such as Shaker-style cabinetry, bridge faucets, warm wood accents and timeless finishes create spaces that feel welcoming and connected to a home’s architecture. But classic doesn’t have to mean predictable. In the following five...

U.S. New Home Sales Slump in May

High Mortgage Rates Continue to Sideline Buyers Sales of newly built U.S. single-family homes fell sharply in May 2026, underscoring persistent affordability pressures that continue to weigh on the housing market despite builders' efforts to stimulate demand through incentives and price adjustments. Purchases of new homes declined 7.3% from April to a seasonally adjusted annual rate of 580,000, according...

JPMorgan Chase names co-presidents as Dimon succession plan takes shape

JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents effective immediately — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon. Dimon, who has led JPMorgan since 2006, remains as chairman and CEO. Over his tenure, he has reduced the bank’s direct mortgage origination footprint in favor of higher-return businesses while tightening credit...

Young buyers are priced out in most U.S. metros, Pew data shows

Buying a first home has gotten materially harder for young adults in most major U.S. metros since 2019, as home values have far outpaced income gains and higher mortgage rates push monthly payments out of reach, according to a new Pew Research Center analysis of American Community Survey data. The study focuses on households headed by adults under 40 and compares inflation-adjusted changes in both home...

Senators push bipartisan plan to ‘save Social Security’

U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Moreno (R-Ohio) are calling on Congress to shore up Social Security by lifting the cap on wages subject to payroll taxes. The proposal comes as policymakers and financial professionals warn of looming funding shortfalls and widespread confusion among retirees about how the program works. In an essay published Tuesday by The New York Times,...

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