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Pulte Homes sold Mexican banking investment

Pulte Homes, Inc., announced that its Pulte Mortgage subsidiary has sold its investment in Hipotecaria Su Casita, a Mexico-based mortgage banking company.

Remaining shareholders of Su Casita purchased Pulte Mortgage's 16.7 percent interest for approximately $50 million.

As a result of this transaction, Pulte Homes expects to realize a one-time, pretax gain of approximately $30 million.



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