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On that front, 2013 was not a very good year for the company in most respects. While credit quality certainly improved (YE nonperforming loans were ~0.75% vs. stood at 3.11% (down from 3.19% in Q1,
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In the second quarter of 2015, Lennar Homebuilding equity in earnings from unconsolidated entities included $11.6 million of equity in earnings from one of the Company’s unconsolidated entities.
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The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein.
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The Federal Open Market Committee (FOMC) increased the federal funds rate 25 basis points to a target rate of 75 basis points in December 2016, alleviating some of this pressure in 2017, particularly.
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By contrast, a year ago the rate stood at 4.55%. The average rate for 15-year, fixed-rate home loans slipped this week to 3.16% from 3.25%..
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