What does loans held for sale mean?

Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.

NVR NVR Loans held for sale

Discontinued — last reported Q2 '16

Loans held for sale at other companies

PultegroupPHM

$549.71M-5.5%

D.R. HortonDHI

$2.99B+8.1%

Dream Finders HomesDFH

$147.18M-22.3%

M/I HomesMHO

$261.81M+9.7%

TMH

TMHCTMHC

$139M-38.2%

Green Brick PartnersGRBK

$27.19M—

Segments

By segment

See full

Mortgage Banking$287.48M-26.6%

Other financials

Income statement

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Revenue$2.3B-10.3%

Net income$236.5M-29.1%

EPS (diluted)$83.96-22.6%

Balance sheet

See full

Cash & equivalents$1.7B-24.4%

Total debt$41.0M-1.0%

Total equity$3.4B-11.8%

Total assets$5.5B-7.9%

Cash flow

See full

Operating cash flow$339.7M+63.5%

CapEx$4.9M-31.0%

Free cash flow$334.8M+66.8%

Valuation

See full

Market cap$17.18B-21.1%

P/E15.1×+0.7×

P/S1.8×-0.3×

Profitability

See full

Operating margin9.7%—

Net margin12%-2.4pp

FCF margin12.6%-0.7pp

Returns & leverage

See full

Return on equity31.5%-6.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by NVR in its filing.

Tagged under the XBRL concept us-gaap:LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage.

The official record: NVR’s 10-Q, filed July 28, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does loans held for sale mean?: Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.