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A compilation of business news, trends, and surveys on customer satisfaction, financials, human resources, marketing, and sales.
Toll Brothers, high-end home builders, new home sales, home prices, increases
Toll Brothers CEO Douglas Yearley told CNBC this week the company was having its “best spring in five years,” just one sign the high-end housing market is starting to recover, according to Calculated Risk.
Lafferty Communities, The Hoffman Company, purchase, Faria Preserve, California
The Hoffman Company—one of California’s most established land brokerage firms—announced today that it has closed the sale of the Faria Preserve property to Lafferty Communities, a private, family-owned developer, in one of the largest land transactions in the East Bay area in several years.
FHFA, securitization, mortgages, scorecard, GSEs, plan, deadline
The Federal Housing Finance Agency (FHFA) announced a deadline of Dec. 31, 2012 for the implementation of a new securitization platform.
CoreLogic, negative equity report, fourth quarter, 2011, debt, underwater
CoreLogic released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.
PulteGroup, Pulte, Fiberweb, exclusive, TYPAR Weather Protection System
Fiberweb announced the signing of an exclusive multi-year contract with PulteGroup Inc., one of the top home builders in the United States.
REO, Real Estate-Owned Initiative, Ranieri, research paper, Wall Street Journal
Lewis Ranieri — who’s credited as a co-inventor of the mortgage-backed security — has co-authored a new research paper supporting the federal government’s Real Estate-Owned (REO) Initiative program, according to the Wall Street Journal.
FHA, mortgage insurance premiums, increase, upfront, capital reserves
Federal Housing Administration (FHA) Commissioner Carol Galante announced Monday that the agency will be restructuring premiums for all FHA-insured single-family mortgage loans.
pending home sales, NAR, January, growth, National Association of Realtors
The National Association of Realtors reported that pending home sales reached their highest point in nearly two years in January, according to a story on HousingWire.
FHFA, Real Estate-Owned Initiative, REO, Fannie Mae, Freddie Mac, foreclosures
The Federal Housing Finance Agency (FHFA) has begun the first pilot transaction of its program to turn foreclosed Fannie Mae and Freddie Mac homes into rental properties, according to HousingWire.
Warren Buffett, housing, supply and demand, households
Despite his initial predictions for a housing recovery not panning out, Warren Buffett still believes the market will get back on track soon, according to Business Insider.