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M.D.C. Holdings made a play to jump to the top spot among home builders in the Salt Lake City market with its March 1 acquisition of local builder Salisbury Homes.
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As part of its long-term strategy to earn Latino home buyers' trust, the Ryland Group recently signed Julie Stav (pictured)—a financial expert featured on Univision and host of the national radio show “Tu Dinero con Julie Stav”—to be its spokesperson to the Latino community. In addition to...
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INFILL IN SOME AREAS is being driven by the availability of project financing. Investors have flocked to such groups as CityView and Phoenix Realty Group, which are geared toward providing financing for urban workforce housing. Their investment strategies have proved to be so successful that...
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BUILDERS SAY THEY'LL build on smaller lots to keep prices down. But there's more to it: They have to build on smaller lots. In many areas, they cannot get the acres they need to build on traditional lots.
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Two fast-growing companies positioned themselves to grow even larger through recently announced deals. In California, Victorville-based Frontier Homes, an entry-level and move-up builder headed by James Previti Jr., took over management of high-end builder Prestige Homes, founded by Previti's...
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Fannie Mae and Freddie Mac are giving a much-needed break to the thousands of homeowners left homeless by Hurricane Katrina, allowing loan servicers to temporarily suspend payment collections from affected homeowners. Freddie Mac told servicers to stop collection of mortgage payments for September...
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Centex Corp. disclosed in September that it will sell Fairclough Homes, its United Kingdom home building operation, to The Miller Group, the UK's largest privately owned residential building and development company. After foreign and domestic taxes, net proceeds of the sale are expected to be about...
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In its May 2005 “Financial Crimes Report to the Public,” the FBI described its efforts to combat various types of fraud, including mortgage fraud. The bureau, which recently consolidated its mortgage fraud operations within its Financial Institution Fraud Unit, identified 26 states with...
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September 2005: This past spring, Boston Mayor Thomas M. Menino announced the launch of the city's Affordable Housing Trust Fund, designed to help city workers—many of whom are required to live in the city—pay for housing costs. The fund will support down payments, mortgages, and rent payments for...