Core Insights - The article discusses the shifting of mortgage risks from banks to taxpayers and investors, highlighting the current state of mortgage balances and the implications for the housing market [1][16]. Mortgage Balances - Mortgage balances increased by $137 billion (+1.1%) in Q3 from Q2 and by $482 billion (+3.8%) year-over-year, reaching a total of $13.1 trillion [1]. - The growth in mortgage balances is influenced by several factors, including the financing of newly constructed homes and the cash-out portion of refinanced mortgages [2]. Home Equity Lines of Credit (HELOCs) - HELOC balances rose by 2.7% quarter-to-quarter and by 9.0% year-over-year, totaling $422 billion, with a 33% increase since the low point in Q1 2021 [5][6]. - Despite the increase, HELOC balances remain relatively low, with many lines of credit unused [6]. - Risks associated with HELOCs include the potential for foreclosure if homeowners default on the second lien while keeping the first-lien mortgage current [8][9]. Housing Debt Metrics - The housing-debt-to-disposable income ratio in Q3 increased to 58.6%, slightly above the record low in Q2 [14]. - The burden of housing debt is evaluated using the debt-to-income ratio, which includes both mortgage and HELOC debt [11][12]. Risk Distribution - Banks and credit unions are responsible for $2.7 trillion in mortgages, accounting for only 19.7% of the total mortgage and HELOC debt [16]. - The government is liable for $9.1 trillion of single-family mortgages that are securitized into mortgage-backed securities (MBS) [17]. - Investors hold $1.7 trillion of residential mortgages that are not government-backed, carrying the credit risk for these loans [18]. Delinquency and Foreclosure Rates - Serious delinquency rates for mortgages and HELOCs remain low at 0.8% [19]. - Foreclosures in Q3 rose to 54,760, significantly below the pre-crisis levels [23].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased RCI Hospitality Holdings, Inc. securities between December 15, 2021, and September 16, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased RCI Hospitality securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 20, 2025 [3]. - The lawsuit alleges that defendants made materially false and misleading statements regarding tax fraud and bribery, which understated the legal risks facing RCI Hospitality [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4].

Company Overview - Surface Metals Inc. is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada [3] - The Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district [3] - The Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle's Silver Peak Mine [3] - The company is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba [3] Recent Developments - Surface Metals Inc. has granted 250,000 options priced at $0.255 to a consultant, while directors and officers have voluntarily surrendered 499,999 options issued on April 14, 2022, at $3.84 (post consolidation) [1] - IDR Marketing Inc. has been retained for a six-month period starting October 29, 2025, to provide public relations strategies, brand awareness, financial, and digital marketing services to the company [2]

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Core Points - Phoenix Education Partners, Inc. will host a conference call on November 20, 2025, to discuss its fourth quarter and fiscal year results ending August 31, 2025 [1] - The financial results will be released on the same day after market close [1] Company Overview - Phoenix Education Partners, Inc. is the parent company of the University of Phoenix, which specializes in online education for working adults [3] - Founded in 1976, the University of Phoenix aims to provide access to higher education opportunities that help students achieve professional goals and improve organizational performance [3] Initial Public Offering (IPO) - The company announced the closing of its initial public offering of 4,250,000 shares at a public offering price of $32.00 per share [6][7] - The shares were offered by certain existing shareholders, and the underwriters were granted a 30-day option to purchase additional shares [8]

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Core Insights - Carlyle Group reported a revenue of $782.5 million for the quarter ended September 2025, reflecting a 12.6% decrease year-over-year and a surprise of -7.78% compared to the Zacks Consensus Estimate of $848.51 million [1] - The earnings per share (EPS) for the quarter was $0.98, slightly up from $0.95 in the same quarter last year, aligning with the consensus EPS estimate [1] Financial Performance Metrics - Total Assets Under Management (AUM) for Global Private Equity at the end of the period was $163.45 billion, below the estimated $165.82 billion [4] - Total AUM at the end of the period was $474.06 billion, compared to the estimated $478.66 billion [4] - Fee-earning AUM for Global Private Equity was reported at $101.15 billion, slightly above the average estimate of $100.83 billion [4] - Revenues from Global Private Equity totaled $346.5 million, significantly lower than the estimated $455.09 million, marking a year-over-year decline of 36.7% [4] - Fee-related performance revenues were $47.5 million, exceeding the average estimate of $42.33 million, with a year-over-year increase of 30.9% [4] - Fund management fees generated segment revenues of $573.9 million, slightly above the estimated $569.26 million, reflecting a year-over-year increase of 9% [4] - Realized performance revenues were reported at $61.7 million, well below the average estimate of $170.13 million, indicating a year-over-year decline of 77.6% [4] - Realized principal investment income was $49.5 million, surpassing the average estimate of $37.99 million, with a substantial year-over-year increase of 444% [4] - Total segment fee revenues were $653.7 million, closely matching the estimated $653.72 million, with a year-over-year increase of 10.8% [4] - Global Private Equity fund management fees were $295 million, slightly below the average estimate of $293.65 million, reflecting a year-over-year decrease of 1.2% [4] - Total fee revenues for Global Private Equity were $301.5 million, marginally above the average estimate of $301.17 million, with a year-over-year decline of 1% [4] Stock Performance - Carlyle's shares have returned -11.2% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]