Lower mortgage rates help Hovnanian reduce its net loss

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Origination points are a fee you must pay a bank or mortgage company to give you a loan. Discount points (the focus of this story) lower the interest rate on your loan and reduce your monthly payments. Borrowers get a lower rate for paying discount mortgage points because they’re prepaying a portion of the interest on their loan.

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The net effect of these liquidity enhancing efforts was to temporarily reduce our. rapid inflation, lower oil prices (which could affect our Texas markets), the restrictive mortgage lending.

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Net income. by Bloomberg was for a loss of 32 cents a share. The profit was Hovnanian’s first after eight straight quarters of losses. U.S. homebuilders are reporting increased orders as job gains.

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However, several challenges, such as economic weakness and uncertainty, lower oil prices (which may affect our Texas markets), the restrictive mortgage lending environment and rising mortgage interest.

Get the detailed quarterly/annual income statement for Hovnanian Enterprises, Inc. (HOV). Find out the revenue, expenses and profit or loss over the last fiscal year.

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