Items Tagged with 'PulteGroup'


  • Pulte Mortgage going digital with help from Finicity

    Homebuilder’s mortgage arm will use Fincity’s income verification platform
    Pulte Mortgage, the mortgage lending arm of homebuilder PulteGroup, is partnering with 2019 HW Tech100 winner Finicity to further digitize its lending process. Pulte Mortgage and Finicity announced this week that the homebuilder will begin using Finicity’s digital income verification platform, which will allow the lender to reduce its processing time for mortgages.
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  • PulteGroup accused of hiding shoddy homebuilding from buyers

    Settles with Florida for allegedly building homes that were not to code
    PulteGroup and its subsidiary, Pulte Home Company, allegedly built homes in the state of Florida that were not to code and hid that information from homebuyers, according to the office of Florida Attorney General Pam Bondi. Bondi’s office said that it reached a settlement with the Pulte companies after a two-year investigation found that Pulte allegedly failed to disclose to certain Florida buyers that some of its homes were being built in violation of applicable building codes.
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  • From HW Magazine

    Changing demographics fuel the rise of multigenerational living

    How builders are capitalizing on the growing trend
    [Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
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  • Monday Morning Cup of Coffee: Housing limbo due to homebuilder compliance costs?

    The questionable future of interest rates
    The housing inventory crisis has created a roadblock during the spring buying season, and it doesn't look like it will be ending anytime soon. As far as when the Fed will raise interest rates, no one seems to have a clue. Experts are widely divided, with only a little more than a month left until the Federal Open Market Committee meets again in June.
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  • PulteGroup's very public squabble yet to hurt bottom line

    Beats revenue and earnings expectations
    If you're looking at financial data to be your tell all of a company's health, PulteGroup is doing quite alright, according to its first-quarter earnings. This is important news given the recent, unusually public, and still ongoing, battle over the questionable leadership of the homebuilder's executive team. However, the earnings might not have come soon enough.
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  • UPDATE: Board Director Grosfeld resigns from PulteGroup

    Says his resignation is effective immediately
    Since a private meeting held on March 21, PulteGroup has been divided into two sides, with the CEO and board on one side, and the founder and director on the other. While the board had decided not to re-nominate the director in May, Grosfeld announced his departure would be sooner than they all thought.
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  • PulteGroup CEO steps down in face of company pressure

    Founder and board asks him to resign
    After more than 20 years with the homebuilder, PulteGroup CEO Richard Dugas was pressured to resign by two of the highest powers in the company due to disputes over the homebuilder’s direction. Conveniently, a recent Q&A with Dugas revealed some of his plans for the company. So what happened?
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