But that was offset by a decrease in most other residential construction materials, the National Association of Home Builders said. https://www.nationalmortgagenews.com/news/lumber-prices-jumped-in-july
NextGenMortgage
Hometown Lenders sued for $1M by former branch managers
A father and son duo allege the mortgage origination shop failed to pay their final compensation and to reimburse "hundreds of thousands of dollars of approved expenses." https://www.nationalmortgagenews.com/news/hometown-lenders-sued-for-1m-by-former-branch-managers
Land is expensive, but homebuilders are making it work, Citigroup says
The sector is well-positioned for further volume growth into next year, analysts led by Anthony Pettinari said in a note to clients Monday. https://www.nationalmortgagenews.com/articles/land-is-expensive-but-homebuilders-are-making-it-work-citigroup-says
Two Harbors reports non-GAAP loss in 2Q
Hedging affected earnings available for distribution, although the company is now profitable again using standard accounting. https://www.nationalmortgagenews.com/news/two-harbors-reports-non-gaap-loss-in-2q
Home prices fall most in a decade but still far from affordable
https://www.nationalmortgagenews.com/articles/home-prices-fall-most-in-a-decade-but-still-far-from-affordable

