LGI Homes, Inc. (NASDAQ:LGIH) Q1 2024 Earnings Call Transcript April 30, 2024 LGI Homes, Inc. misses on earnings expectations. Reported EPS is $0.00072 EPS, expectations were $1.02. LGI Homes, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and […]
“I accidentally rubbed ketchup in my eyes. Now I have Heinzsight.” In terms of foresight, looking ahead, there are some interesting things going on out there in Mortgage Land! How ‘bout the CapitalW Collective non-profit for women in mortgage capital markets? And Beeline's Miguel Vega has been in the press lately with, "The Dream of Owning a Piece of America is a Dominant Theme in the Latino Community” and the company launching a Spanish-language version of its home loan experience this week. Something else that continues to be “interesting” is the question, “Are brokers violating RESPA every day?” This question is asked because brokering is a referral of a customer to a lender, right? HUD identified fourteen services normally performed in the origination of a loan (Section II, subsection C of the link above), and brokers usually do five out of the fourteen services, including taking the application, to get around
Delivers $0.36 of diluted earnings per share , a slight year-over-year decrease of $0.01
Invests $69 million in infrastructure
Secures 10.01% Water Cost of Capital Mechanism -adjusted return.