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Homebuilder D.R. Horton net income rises 18%
Homebuilder D.R. Horton recorded a net income for its second fiscal quarter ended March 31, 2014 of $131 million as the dollar value of homes sold, closed and in backlog all increased by double-digit percentages.
Stewart Information Services 1Q earnings suffer from mortgage reductions
"The first quarter of 2014 was a challenge for Stewart. While we made progress on our strategic initiatives, operations suffered from mortgage originations falling to their lowest level in 17 years as lenders coped with harsh winter weather conditions, the implementation of new qualified mortgage regulations, and rising interest rates,” said Matthew Morris, Stewart CEO.
RealtyTrac: Home sales tick up slightly in March
Single-family homes, condominiums and townhomes sold at an estimated annual pace of 5,253,464 in March, an increase of 0.4% from February and up 8% from a year ago, according to RealtyTrac’s March and Q1 2014 Residential & Foreclosure Sales Report.
Assurant posts strong quarter, income up $20 million from 2013
Assurant’s net income is up $20 million from the first quarter of 2013, when the company reported $117.8 million in net income and earnings per share of $1.46.
Christopher Whalen joins Kroll Bond Ratings Agency
Christopher Whalen, an investment banker, author and frequent HousingWire contributor, brings more than 30 years of experience as an investment banker and analyst to Kroll.