Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'Homebuilders'

ARTICLES

Smaller home sizes usher in more affordable housing

Newly built homes shrink in size
Brena Swanson
The shrinking size of newly built, single-family homes in the U.S. could be the beginning of a shift toward more affordable houses.
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D.R. Horton's homebuilding revenue grows 33%

Beats revenue expectations
Brena Swanson
“With the largest market share in company history and 46% more homes closed than any other builder in the most recently reported 12-month period, D.R. Horton has solidified its position to be the nation’s largest builder for the 13th consecutive year in calendar 2014,” said Donald R. Horton, chairman of the board.
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PulteGroup 3Q net income drops to $141M

“We are encouraged by proposed changes at FHFA”
Brena Swanson
"By remaining disciplined in our construction and land investment practices, we continue to improve our returns on invested capital while positioning the Company to take advantage of market opportunities,” said Richard Dugas, Jr., chairman, president and CEO of PulteGroup.
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$680,000 dream beach house built on the wrong lot

Florida builders make one heckuva mistake
Trey Garrison
A Missouri couple isn’t happy with the bunch of Flagler County, Florida surveyors and homebuilders who constructed their $680,000 dream, beachfront home. The home is fine, it's just in the wrong place.
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NAHB: Builder confidence ends four months of consecutive increase

Reverses course, drops
Brena Swanson
“While there was a dip this month, builders are still positive about the housing market. After the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October,” said National Association of Home Builders Chief Economist David Crowe.
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Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
Trey Garrison
Two things that don't engender a lot of middle ground — reverse mortgages and Attorney General Eric Holder. Plus, the top 10 homebuilders and housing/mortgage finance metrics galore — it's all in here.
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KB Home stock plummets amid earning results

Hits lowest level in a year and a half
Brena Swanson
Homebuilder KB Home reported lower-than-expected quarterly earnings, causing its stock to fall to the lowest level in a year and a half.
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Lennar earnings soar amid positive builder news

Beats analyst expectations
Brena Swanson
Homebuilder Lennar reported strong third-quarter earnings amid positive industry reports on builder confidence. "Our core homebuilding business continues to drive earnings, with strong sales, deliveries and margins," Stuart Miller, CEO of Lennar Corporation, said.
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Good news for the housing market?

Home Depot raises full-year forecast
Brena Swanson
Home Depot recorded strong second-quarter earnings on the same day the U.S. Census Bureau and the Department of Housing and Urban Development reported multifamily housing starts soaring.
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Homebuilders see "serious" buyers shopping for homes

NAHB: Third consecutive gain in HMI
Brena Swanson
As the employment situation starts to look up, more homebuilders are reporting an increase in buyers entering the market. But there are still a few hurdles creating challenges for builders.
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