FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Homebuilders to weigh in on mixed 2Q14 earnings

Projections remain positive so far

construction of new home
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[UPDATE 1: An earlier version of this article said D.R. Horton will post earnings Wednesday.]

As more top banks report muted mortgage results in their second-quarter earnings, homebuilders are about to weigh in on the discussion, recording potentially strong, steady or weak growth.

First up was Homebuilder Lennar (LEN), which reported its second-quarter earnings on June 26, posting a revenue of $1.82 billion, up from $1.43 billion a year earlier, beating analyst expectations of $1.68 billion. 

However, due to a drought in first-time homebuyers, Lennar is considering expanding into building single-family homes for rent.

Lennar CEO Stuart Miller said on the homebuilder’s quarterly conference call that he does not anticipate mortgage-qualification standards to ease soon enough to bring first-time homebuyers off the sidelines.

Meanwhile, Barclays commented on Pulte Group's (PHM) upcoming second-quarter earnings and said, "The gross margin outlook in FY14 remains positive due to the increase in use of its commonly managed plans, as well as a reduction of capitalized interest. Barclays maintained its $0.29 estimate for 2Q14, compared to the street consensus of $0.25.

Up next, Pulte Group and D.R. Horton (DHI) will post earnings Thursday morning.

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