Lynn Norusis

Lynn Norusis's Posts

• New Company Offers No-Cost Overhead Outsourcing

  by Lynn Norusis

  Ex-Wilshire Homes purchasing exec finds a way to offer back-office services to builders at no charge by tapping into supply chain revenue.

• FHA Loans Rise in Importance

  by Lynn Norusis

  The Federal Housing Administration (FHA) has become a far larger player in the housing industry since the housing downturn began, capturing a third of mortgage transactions compared to just 2.5% of transactions two years ago.

• Cramdown Bill Faces Hurdles in Senate

  by Lynn Norusis

  The House passed H.R. 1106 with a vote of 234-191, and now the legislation sits before the Senate, where banking consultant Bert Ely thinks it will sit and may even die.

• More Builders Offer Jobless Benefits -- To Home Buyers

  by Lynn Norusis

  Unemployment safety packages--offering to cover payments for home buyers who unexpectedly lose their jobs--have been adopted by Toll Brothers, Bowen Family Homes, Fischer Homes, M/I Homes, and Lennar, as others, such as Highland Homes, investigate programs of their own.

• Builder Views Mixed on Ill. Housing Aid Plans

  by Lynn Norusis

  Illinois state legislators in the current 96th General Assembly are targeting the ailing housing market with four bills and one resolution to be voted on by the end of the session in May. Builders, while applauding the concept of help, have had mixed reactions to the details of the proposed legislation.