Homebuilders Show Housing Recovery Hasn’t Crumbled Yet
MGIC, Radian and Genworths mortgage guarantor all have B strength ratings, which are seven steps lower. Raising capital in the IPO could help Essent extend its advantage over rivals, Moodys Investors Service said in a Sept. 23 research note. Moodys has a see page Baa3 financial strength rating with a positive outlook on Essents insurance unit. Our financial strength has been a reason that some customers have done business with us, Essent said in the filing. This competitive advantage may be mitigated if our competitors continue to improve their capital positions, profitability and financial strength ratings. Radian rose 2.1 percent today to $13.74 at the close in New York trading, extending its gain this year to 125 percent.
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Housing authority cites progress in Asbury Park
COURTESY OF LONG BRANCH HOUSING AUTHORITY LONG BRANCH After nearly a decade of innovative public housing redevelopment by the Long Branch Housing Authority (LBHA), Executive Director Tyrone Garrett is hoping to duplicate that success in Asbury Park. Garrett said in a Sept. 19 interview that the LBHA, which has acted as interim manager of the Asbury Park Housing Authority (APHA) since 2012, will create a redevelopment plan for the authority before the interim contract expires in May. We are working on a way to create a redevelopment plan thats the real goal, he said.
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KB Home said overall selling price rose 22% to $299,100, and it delivered 6% more homes. At Lennar, selling price rose 33% to $291,000, and homes delivered increased 37%. In addition to KB Home and Lennar, other major U.S.
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