Financial Services Financing Resale 
The Motley Fool
JANUARY 12, 2024
And because SoFi marks up the value of those loans to account for every factor from expected future resale prices to interest, fees, and default rates, there's a risk that the mark-to-market value of those loans could be reduced as borrowing costs begin to decline. As of the end of Q3 2023, SoFi had $8.4
The Motley Fool
MAY 16, 2024
Continuing with GBS, we're bringing together the best capabilities of our Analytics and Engineering and Applications business, now called Consulting and Engineering Services, with industry veteran Howard Boville as our general manager. In financial services, we provide core banking solutions to numerous banks globally.
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The Motley Fool
JULY 25, 2024
These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. In the second quarter of 2024, the financial services profit of $4.8
The Motley Fool
APRIL 18, 2024
Mike Murray -- Executive Vice President, Chief Operating Officer Financial services earned $78 million of pre-tax income in the second quarter on $226 million of revenues, resulting in a pre-tax profit margin of 34.6%. First, on the resale market, I'm curious some of your thoughts there. We have been a spec builder.
The Motley Fool
OCTOBER 29, 2024
Mike Murray -- Executive Vice President, Chief Operating Officer Financial services earned $76 million of pre-tax income in the fourth quarter on $222 million of revenues, with a pre-tax profit margin of 34.2%. Somewhat a necessity given the supply chain, somewhat out of -- that's where the demand was given the tight resale market.
The Motley Fool
JUNE 15, 2023
And we're joined remotely from Miami by Rick Beckwitt, our co-CEO and co-president; Diane Bessette, our chief financial officer; David Collins, our comptroller and vice president; and Bruce Gross, our CEO of Lennar Financial Services. So, starting with financial services. So, now turning to the balance sheet.
The Motley Fool
JANUARY 23, 2024
One hundred basis points of the sequential margin decline related to the decrease in the value of hedging instruments we used to offer below-market interest rate financing to our homebuyers, while the remainder was primarily due to an increase in incentive levels on homes closed during the quarter.
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