Independent thinking for complex markets and current events
The Government Accountability Office has opened an investigation into Federal Housing Finance Authority Director Bill Pulte. Pulte has acted as an attack dog for President Donald Trump, targeting Trump’s political enemies, this year. The investigation was opened at the request of a group of Senate Democrats. The Government Accountability Office has opened an investigation into …
Authored by Mike Shedlock via mishtalk, Trump’s economic illiteracy and disrespect of moral hazards have no bounds. Putte Pimps Fannie and Freddie The dawn of The Great American Mortgage Corporation awaits. https://t.co/na3xe7SoPV — Geoff Crouch (@gcmarbella) August 19, 2025 Donald J. Trump Truth Social Post 07:19 PM EST 10/05/25 Before I became President, “OPEC” kept …
The cracks are showing. DR Horton booked $1.02 billion in net income for Q3 2025, a sharp drop from $1.35 billion a year ago. Revenue slid 7% to $9.2 billion. Closings fell to 23,160. The backlog shrank 16%. Order value dropped 19%. Gross margin slipped to 22.7%. Incentives increased. Liquidity held steady at $5.5 billion. …