Items Tagged with 'Lennar Corp.'

ARTICLES

  • Amazon pushes further into real estate with Lennar smart home deal

    Launches “Amazon Experience Centers”
    Over the past few months, Amazon has hinted at expansion into real estate in various ways. Well, consider Wednesday’s news another sign of Amazon’s encroachment into housing and real estate. Amazon announced Wednesday that it is partnering with Lennar, the nation’s largest homebuilder, to launch what it calls “Amazon Experience Centers,” which are basically showrooms for all of Amazon’s smart home products.
    Read More
  • Lennar names new CEO for first time in 21 years

    Stuart Miller promoted from CEO to executive chairman, Rick Beckwitt named CEO
    Lennar, which became the nation’s biggest homebuilder earlier this year when it bought fellow homebuilder CalAtlantic Group in a $9.3 billion deal, announced recently that it is making a series of executive changes. The changes, which consist of promoting several of the company’s leaders, mark the first significant shakeup of the company’s leadership in some time.
    Read More
  • DOJ investigating FHA lending practices of Lennar subsidiary Eagle Home Mortgage

    Homebuilder discloses investigation in SEC filing
    Eagle Home Mortgage, the mortgage lending subsidiary of Lennar, could find itself on a list that includes Wells Fargo, Walter Investment, United Shore Financial Services, PHH, and many other lenders that were sanctioned by the government for underwriting mortgages that did not meet Federal Housing Administration standards.
    Read More
  • CalAtlantic Homes boosts Atlanta presence by acquiring of Home South Communities

    CalAtlantic set to be acquired by Lennar
    CalAtlantic Homes, which is set to be acquired by Lennar in the first quarter of 2018 in a $9.3 billion deal, is doing some acquiring of its own. CalAtlantic announced this week that it is increasing its footprint in the Atlanta market by acquiring Home South Communities, one of the largest privately held homebuilders in the Atlanta metro market.
    Read More
  • Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

    Both cite combined company’s size as significant benefit
    On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody's Investors Service are bullish on the deal. Here's why.
    Read More
  • Lennar merger will create nation’s largest homebuilder

    Deal with CalAtlantic makes company top 3 builder in 24 of 30 largest markets
    It’s turning out to be a year of significant growth for Lennar. Earlier this year, the homebuilder closed on a $643 million acquisition of WCI Communities, a luxury homebuilder headquartered in Florida. But that deal pales in comparison to Lennar’s latest deal.
    Read More
  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
    Read More
  • Lennar bullish after new home demand reaches 10-year high

    New orders, deliveries, revenue from home sales all see double-digit increases
    The most recent data on housing starts and new home sales painted a decidedly gloomy picture about the state of the nation’s housing economy. And while some observers are suggesting that the lack of housing supply is nearing “emergency” status, one prominent homebuilder is seeing just the opposite.
    Read More
  • WCI Communities doesn't find better offer; $643M merger with Lennar to move forward

    "Go shop" period expires, but deal isn't done yet
    When WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced last month that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for $643 million, the company said that its board was going to take a 35-day “go shop” period to seek a better deal. Now, the 35-day “go shop” period is over and the merger with Lennar is moving forward, but it’s not a done deal yet.
    Read More
  • HW 30 dips a bit

    Impac ends up, most servicers finish down
    It was an eventful day for the housing finance market on Tuesday, with Rep. Mel Watt officially confirmed as the next leader of the FHFA. Not long after his confirmation became a likely conclusion, the HW 30 finished down.
    Read More