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Jim Cramer - 1 Jerome Powell - 1 Stanley Black - 1 Decker - 1 Mortgage Banks - 1 Jim Cramer's - 1 Lisa Su - 1 Oliver Garden - 1
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CNBC - 1 . - 1 Federal Reserve - 1 Stanley - 1 Mortgage - 1 Micro - 1 LongHorn - 1 Darden - 1

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3 mentions found


☆ The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
  + stars: | 2024-09-18 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable
☆ Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever
  + stars: | 2023-04-10 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
Housing is so unaffordable banks lost money for each mortgage they financed last year, according to a new report. Mortgage banks and subsidiaries lost an average $301 per loan, the first negative profit recorded by the Mortgage Bankers Assocation. In 2022, mortgage banks and mortgage subsidiaries within banks lost an average $301 for every mortgage they financed, the MBA said in a recent report. Banks and other mortgage companies each financed an average $2.6 billion in loans in 2022, roughly half of the $5 billion figure for 2021. Banks and mortgage companies spent an average $10,624 to finance each home loan in 2022, representing a 23% cost increase from 2021.
☆ How veterans with disabilities can get a VA loan with bad credit
  + stars: | 2022-12-01 | by ( Molly Grace | Mortgage Reporter | Read More | ) www.businessinsider.com   time to read: +9 min
The Department of Veterans Affairs doesn't set a minimum credit score for VA loans, but lenders typically do. VA loan borrowers need to meet minimum service requirements set by the VA, as well as minimum credit requirements set by their lender. VA lenders that accept low credit scoresAs you prepare to apply for a mortgage, look for lenders that have low minimum credit score requirements or are willing to work with borrowers who have rocky credit histories. If you currently have no credit score, you may be able to use non-traditional credit with certain lenders to prove your creditworthiness. Lowering your credit card balances will also decrease your credit utilization ratio, which can increase your credit score.
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