Most Recent in News business

William S. Marvin, Marvin Windows and Doors, IDEA Hall of Fame, 2012 inductee
on May 02,2012

The woods, lakes and fields of Northwest Minnesota have nurtured an impressive array of business visionaries. Among the giants was the late William S. “Bill” Marvin, who built Marvin Windows and...

Crescent Resources, Andrew Carmody, new president, residential division
on April 30,2012

A national search culminated in the appointment of Andrew Carmody as president of the residential division of Crescent Resources LLC. Carmody has held senior leadership positions with Kitson...

NARI, new officers, 2012-2013, election, president, board of directors
on April 27,2012

During the spring 2012 House of Delegates meeting, the National Association of the Remodeling Industry (NARI) named immediate Past President Michael Hydeck, MCR, CKBR, of Hydeck Design Build in...

D.R. Horton, second quarter, 2Q, Q2, 2012, earnings increase, home building
on April 23,2012

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...

FHFA, short sales, process, new rules, timetable, review, foreclosure
on April 20,2012

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.
on April 17,2012

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
on April 10,2012

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
on March 30,2012

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...

NKBA, Bill Darcy, new CEO, National Kitchen & Bath Association
on March 20,2012

The National Kitchen & Bath Association (NKBA) today announced the promotion of Bill Darcy to CEO.

Lafferty Communities, The Hoffman Company, purchase, Faria Preserve, California
on March 15,2012

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-...

FHFA, securitization, mortgages, scorecard, GSEs, plan, deadline
on March 12,2012

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
on March 02,2012

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
on February 29,2012

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
on February 29,2012

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...

FHA, mortgage insurance premiums, increase, upfront, capital reserves
on February 28,2012

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
on February 28,2012

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
on February 27,2012

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
on February 27,2012

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.

Forestar Land Partners, Corona, California, Calif., Sierra Bella, purchase
on February 24,2012

Forestar Land Partners, a venture between the owners of Foremost Communities and an affiliate of Starwood Capital Group Global, LP, announced it has acquired a 300-acre parcel of entitled land at...

new home sales, January 2012, NAHB, HUD, Commerce Department
on February 24,2012

NAHB reports that sales of newly-built, single-family homes declined by less than one percent in January from an upwardly revised number in the previous month; this brought them to a seasonally...