Relevant:
- Why mortgage lending at Wells Fargo, Chase and Citi plunged
- Toll's Revenue Drops as Customers Cancel House Orders
- Lennar Reports Third-Quarter Profit as Margins Widen
- Biggest Banks Back to Black in Fed-Fueled Recovery: Mortgages
- Toll Brothers Quarterly Revenue Increases 6% as Luxury-Home Orders Climb
2012-12-10 — bloomberg.com
At PulteGroup Inc. (PHM), the second-largest builder by market value, mortgage revenue jumped 70 percent in the third quarter, almost six times the revenue gain from home sales. At Lennar Corp. (LEN), the No. 1 builder, mortgage-unit revenue surged 60 percent, double the increase in sales revenue. Aided by lucrative lending units, both companies posted the biggest overall profits since 2006.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.