KB Home is the only homebuilder named to Forbes magazine's list of "turbocharged companies," the Los Angeles-based homebuilder has announced.Quoting the magazine, KB Home said the 12 turbocharged companies from the Forbes Platinum 400 list "posted growth rates of at least 10% over the past five years in both sales and earnings per share. Over the next 12 months, security analysts think that all these companies will exceed their five-year historic average growth rates -- in both sales and earnings." KB Home said it ranked No. 63 on the Platinum 400 list, also known as America's Best Big Companies. The companies can be found online at http://www.kbhome.com and http://www.forbes.com.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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