Discontinued — last reported Q4 '24
Lennar Financial Services — Loans held-for-investment, net increased by 9.9% to $60.97M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $55.46M to $60.97M.
Higher levels indicate a larger portfolio of interest-earning assets but also higher exposure to credit risk and interest rate fluctuations.
The aggregate net balance of mortgage loans retained by the financial services segment, net of any allowance for loan lo...
Comparable to 'Net Loans' or 'Portfolio Loans' reported by mortgage banking subsidiaries of major homebuilders.
len_segment_financial_services_loans_held_for_investment_net| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $77.68M | $61.28M | $44.58M | $33.17M | $28.23M | $38.94M | $45.64M | $55.46M | $60.97M |
| QoQ Change | — | -21.1% | -27.3% | -25.6% | -14.9% | +37.9% | +17.2% | +21.5% | +9.9% |
| YoY Change | — | — | — | — | -63.7% | -36.5% | +2.4% | +21.5% | +9.9% |