Calabasas

Mortgage Market Roundup, Sept. 25 

Lennar Sees Worst Loss in Over 50 Years: Lennar Homes yesterday reported a shocking $514 million loss for its third quarter, ended August 31. That’s a loss of $3.25 per share, when analysts has expected losses equaling roughly 55 cents per share — not surprisingly, the home builder said it’s got some laying off to do.