Could some of the most in-demand housing markets be cooling off?
A compilation of business news, trends, and surveys on customer satisfaction, financials, human resources, marketing, and sales.
D.R. Horton, second quarter, 2Q, Q2, 2012, earnings increase, home building
D.R. Horton reported a year-over-year earnings jump of 46 percent in the second quarter of 2012, posting totals of $40.6 million for the quarter, which comes to 13 cents a share, according to HousingWire.
FHFA, short sales, process, new rules, timetable, review, foreclosure
In an attempt to reduce the number of foreclosures nationwide, the Federal Housing Finance Agency introduced new rules for the short sale process on Thursday, according to CNN Money.
Weyerhauser, hiring, engineered lumber plants, Louisiana, La., Arkansas, Ark.
Weyerhaeuser Co. is now hiring additional trades and production workers at its engineered lumber products plants in Natchitoches and Zwolle, La., and Emerson, Ark.
Jamie Dimon, JP Morgan, housing market, optimism, 9 signs, turnaround
In his annual letter to investors, JP Morgan CEO Jamie Dimon offered an optimistic outlook on the housing market for 2012.
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.