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[ad_1] HousingWire recently talked with Chris McEntee, vice president of ICE Mortgage Technology about the latest updates to the MERS eRegistry and what they mean for the industry. HousingWire: The MERS eRegistry is the only registry of its type in the industry. What kind of impact does this have on lenders? Chris McEntee: For over 25 years MERS has been integral in the mortgage industry’s evolution of moving from paper to eMortgages. As the legally proven common agent serving as a mortgagee in the public land records, eliminating the need for mortgage assignments, lenders save up to $125 on every loan when servicing is transferred. The addition of the MERS eRegistry endorsed by lenders, investors, and stakeholders more than a decade ago showcases the scalability of its business model. The industry benefits immensely from having this single System of Record to establish ownership of electronic promissory notes (eNotes) which given its nature, can be reproduced many times over. The MERS eRegistry brings additional value by eliminating guess work, operational expense, and unnecessary counterparty risk when a lender, investor, or stakeholder wants to ensure the validity and authenticity of an eNote or a specific mortgage document. HousingWire: How does the MERS eRegistry increase the efficiency of recording mortgage transactions, and why is this important? Chris McEntee: The MERS eRegistry as the System of Record identifies the holder of the eNote and by facilitating the transfers of sales creates an efficient legal mechanism for transferring the right to collect and enforce the loan.  Due to lower costs of handling and greater access to information, loans represented by eNotes can be more valuable to investors than the equivalent loans using paper notes. Lenders can reduce costs with eNotes by streamlining the post-closing and certification process, eliminating transportation costs, and reducing costs associated with lost, destroyed, and missing paper notes. The utilization of MERS as the mortgagee and the MERS eRegistry saves millions of dollars a year for the industry, not to mention eliminating the operational complexity of tracking paper documents. HousingWire: MERS now offers RON video storage. Can you give us more insight into how it works and what this means for lenders? Chris McEntee: Remote online notarization (RON) has emerged as a key component of digital mortgage production, and it is natural for MERS to play a role in supporting adoption. In many cases, an eNote is part of a mortgage loan where closing documents are being notarized via the RON process, so it makes logical sense to link the mortgage and the eNote to the video that memorializes the closing ceremony. It also links the video to the MERS Mortgage Identification Number, or MIN, which is widely adopted across the industry as a unique loan identification, or “ULI,” data point. This builds and extends on proven scalable infrastructure that the industry has benefited from for more than two decades. This is the first repository of its kind for RON video storage; allowing lenders to reliably identify that a loan was a RON transaction. It’s important to mention that non-eNote transactions are also able to be tracked. Supporting all RON transactions within MERS provides an opportunity to further extend a single source of truth for the entire industry. All while capitalizing on what MERS does best by providing a standardized repository. HousingWire: ICE reports a 46.5% year-over-year increase in the number of companies transacting on the MERS eRegistry as of April. What implications does this hold for the future of digital mortgages? Chris McEntee: What we are seeing is a broad-based adoption of digital mortgage infrastructure across the industry. As the industry makes this transition from analog to digital, the promise is immense with respect to less friction, lower costs and more responsiveness to the consumer, lender and investor. What is encouraging is the industry made its investment in MERS years ago, and it is now paying off with more diverse usage. We have built the launching pad for the digital future. The post Here’s a look at the latest updates to the MERS eRegistry appeared first on HousingWire. [ad_2] Source link

[ad_1] Don’t miss this great deal on my favorite Living Proof Dry Shampoo! If you’ve been following for any length of time, you know that I’m a BIG fan of Living Proof Dry Shampoo! In fact, they’re a big part of why I’m able to only wash my hair once per week. So I was really excited that Living Proof recently reached out and asked if I’d like to offer my audience an exclusive deal! For the next 24 hours only, you can get 20% off everything on their site + free shipping when you spend at least $35 and use code MSM. Plus, you’ll get a FREE can of dry shampoo when you spend $65 (before tax but after discounts)! This is a great opportunity to save on Living Proof brand!! Here are couple deal ideas: Buy 2 Perfect Hair Day Dry Shampoo Jumbo Cans at $41 each = $82 totalUse code MSM to get 20% off, free shipping, and your free 4-ounce canPay $65.60 shipped for two jumbo cans and a 4-ounce can!That’s 18.6 ounces total, so you’ll pay just $3.53 per ounce. That’s like paying $14 per regular 4-ounce can! Buy 3 Perfect Hair Day Dry Shampoo Regular Cans at $28 each = $84 totalUse code MSM to get 20% off, free shipping, and your free 4-ounce canPay $67.20 shipped for four 4-ounce cans!That’s 16 ounces total, so you’ll pay just $4.20 per ounce. That’s like paying less than $17 per regular 4-ounce can! Psst! I only have to use a little bit each night before bed, so one can lasts me a really long time! Valid through 9 a.m. ET tomorrow, May 17th. Go here to grab this deal with code MSM at checkout! [ad_2] Source link

[ad_1] Putin sees no threat from NATO expansion, warns against military build-up [ad_2] Source link

[ad_1] The Centre has put on hold the sale of Pawan Hans (PHL), taking into consideration a recent NCLT-Kolkata ruling against Almas Global Opportunity Fund, the lead partner in the consortium that won the bid for the state-run helicopter firm. This is the second instance in a span of five months where disinvestment in a state-run firm has been halted after the winning bidder was named by the government. In January this year, the sale of Central Electronics (CEL) to Delhi-based Nandal Finance and Leasing was stalled following allegations of undervaluation of the firm by the employees’ association. In an April 20 order, the Kolkata bench of the National Company Law Tribunal (NCLT) said Almas Global could not honour its winning bid to acquire EMC, a Kolkata-based power system solutions company as it failed to pay Rs 568 crore to the creditors. Stating that Almas Global had taken the insolvency resolution “process for a ride”, the tribunal sought action against its management under section 74(3) of the Insolvency and Bankruptcy Code. If the special court concerned takes penal action in this case, the officials of the company could face jail terms of 1-5 years besides penalties. “We will do legal examination of the NCLT order before proceeding further (with the sale of Pawan Hans). The letter of award has not been issued to the bidder thus far,” a senior government official told FE. Analysts said as dozens of companies are on the government’s list for strategic sale, the ongoing litigation involving them could prove to be a stumbling block in completing the sale processes. According to the government’s strategic disinvestment guidelines: “any charge-sheet by any governmental authority/conviction by a court of law for an offence committed by the interested bidder or any of the members of consortium or by any of their respective sister concerns or any of their promoters, promoter group and directors would result in disqualification.” “The NCLT order clearly raises questions on the financial strengths and integrity of the consortium led by Almas to acquire Pawan Hans and could be viewed seriously by the department of investment and public asset management while considering the bid for Pawan Hans,” Manoj Kumar, partner at Corporate Professionals, a corporate advisory firm, said. Separately, the All India Civil Aviation Employees Union also moved the Delhi High Court seeking a stay on the privatisation of PHL. In the first week of May, the Centre had dismissed social media posts that the consortium, Star9 Mobility, that won the bid for the government’s 51% stake in the loss-making helicopter firm with an offer of Rs 211 crore did not meet the minimum net worth criteria of Rs 300 crore specified. It was hopeful to complete the sale of PHL to Star9 by June. However, the NCLT order against Almas Global, which was delivered prior to the government approving the deal, has made the transaction untenable. The consortium could muster a net worth of Rs 691 crore only with Almas Global in its fold. The two other members of the consortium were air transport service operators (ATSO) with little net worth. As per extant procedure, the reserve price for the sale of 51% shareholding of PHL was fixed at Rs 199.92 crore on the basis of valuation carried out by experts (transaction adviser and asset valuer). The other two financial bids received were below the reserve price. The helicopter firm has incurred losses in FY19, FY20 and FY21. The company has a fleet of 41 helicopters, all of which are 15-34 years old. State-run oil explorer ONGC holds the balance 49% in the helicopter firm. ONGC had earlier decided to offer its entire shareholding to the successful bidder identified in the government strategic disinvestment transaction on the same price and terms. [ad_2] Source link

[ad_1] In 2022’s changing market, non-QM has been a hot topic for many. HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Steven Schwalb: The investor appetite continues to be strong even in today’s volatile market. Non-QM securitizations had their biggest supply year on record in 2021 and we are still hitting records today. In fact, in the first quarter of 2022, non-QM securitizations totaled $11 billion. Of that volume, $6.2 was in March. March just so happened to be a record month for Angel Oak as well. As a leader in bringing back this asset class, we have continued to see more and more investors look to non-QM. One common criticism of these loans in the past was that they were not stress-tested and no one knew how they would perform under those conditions. Well, the COVID pandemic brought about economic conditions that tested the performance of non-QM and they came out quite well. Since then, we have seen more and more insurance companies and money managers become interested in investing with Angel Oak and the non-QM space. This bodes especially well for the future and non-QM’s anticipated growth. HousingWire: With so many new lenders getting into non-QM, why is it more important than ever to work with the right non-QM lender? Steven Schwalb: Non-QM is where we play, and we have laid a solid foundation as the leaders in non-QM. Angel Oak Mortgage Solutions focuses exclusively on non-QM and we have been setting records in volume. As an organization, Angel Oak has originated over $12B in non-QM. Recently we have seen an increased focus on non-QM, which has led a number of Agency lenders attempt to get into the space. Since there are so many more options, it is more important than ever to work with the right firm. As we always say, wouldn’t you rather work with someone who has done 10,000 non-QM loans rather than 10? The key is to understand the important questions to ask. How long have they been doing non-QM? What percentage of their overall business is non-QM? What is their origination model? Do they need a pre-closing investor review? Those are but a few important ones. Choosing the wrong lender puts not only your reputation at risk, but the relationship with your referral partner as well! What happens when the lender tells you they can do the loan with 20% down and then at the last minute, their end investor says no? They come back saying the borrower needs to put down 30%. We’ve heard many stories of that happening. How does that impact your relationship with that referral source? These examples do not happen at Angel Oak. Our vertical integration means our affiliate, Angel Oak Capital Advisors is the end investor. We know what they’re looking for when we issue a pre-qual, and we stand behind that. This relationship allows us to write our own guidelines and quickly update them based on market conditions. Our model is to originate to retain, not to sell. As well, we do not have to seek third party approval to do a loan – we are the end investor. Surety of execution, consistently enhancing guidelines and offering flexibility through our non-QM products sets us apart. Make sure to ask lenders you are considering these types of questions. HousingWire: Non-QM is expected to grow significantly in 2022, where is that growth going to come from? Steven Schwalb: A couple of areas. First, with increased education and awareness, more originators are beginning to offer non-QM. That means more opportunities for these underserved borrowers to qualify for a loan. Second is from the significant growth in the number of borrowers who need it. Increased fees from the GSEs for second homes and high balance loans have borrowers looking for more affordable options. There is also a large population of self-employed in the U.S. today. Self-employed borrowers often need Bank Statement loans because they can’t qualify using tax returns. The Department of Labor estimates 30% of the U.S. workforce is self-employed. That is around 59 million people including gig economy workers. And this demographic continues to grow at a rapid rate. We also work with originators who close deals for real estate investors who own many properties and need options outside of Agency. HousingWire: How have the changes in the agency space (GSEs/FHFA) impacted non-QM? Steven Schwalb: A couple of changes have impacted the non-QM space. First, stricter guidelines including condos have caused more borrowers to fall out of Agency. We are seeing more condos deemed non-warrantable and we are helping originators with these fall-out scenarios. As well, Agency has increased fees for second homes and high-balance loans. As a result, our non-QM volume is increasing with originators looking for alternative solutions to get their deals closed. After all, this is what we do – helping borrowers left outside of Fannie Mae and Freddie Mac and giving them another chance. At the moment, the population of borrowers in this situation is increasing. The bottom line is that our originator partners are telling us that Angel Oak and non-QM is providing them an opportunity in today’s market to capture more purchase volume. Investors see the growth and they feel more confident investing in our non-QM borrowers. There is ample growth ahead of us! The post Is investor appetite for non-QM changing? appeared first on HousingWire. [ad_2] Source link

[ad_1] I hear from so many moms who ask for suggestions on how to help their teens develop a closer relationship with Jesus. So I’m excited to have Angelia Perritt joining me in the studio for this conversation. She has three daughters and she just released a beautiful new bible called, Young Women Love God Greatly Bible. In this week’s episode, we start by talking about how we can cultivate a relationship with Jesus ourselves as moms. Angela and I discuss some practical ways for us to study the Bible and take what we read and apply it to our daily lives. What if you have questions or doubts? Angela addresses that, too. We then talk more about ways to encourage our teens to trust in God’s faithfulness and that following Jesus doesn’t mean they’ll always get everything right and how we can show grace as they wrestle through what they believe. I especially loved what Angela shared about creating a safe space for our kids in our homes and in our relationships. I hope this episode inspires you with ideas and encouragement. And I’d love to hear what tips or advice you would add! In This Episode [00:34] – Welcome to another episode of The Crystal Paine Show. [01:12] – Angela shares a little about her background and family and talks about putting together this Bible [05:46] – I think there are so many teens right now who are really questioning the existence of God and also the goodness of God. [06:35] – How do you wrestle with this, with your girls? [09:06] – Could a girl who has no exposure to the Bible pick this one up and understand it? [13:16] – Have you always known how to study scripture? [15:37] – Angela shares how she is instilling the love of God in her home and with her family. [17:31] – Angela gives advice on taking the time to reading God’s word. [21:00] – What encouragement do you have for a mom, who is seeing her teenager struggle? [24:40] – How do you cultivate that safe space? [26:30] – What is the one thing you would want to tell the mom who has heart for God? [29:40] – You can connect with Angela on her website, Love God Greatly. Links & Resources Links & Resources Love God Greatly Books Young Women Love God Greatly Bible by Angela Perritt & Thomas Nelson Love-Centered Parenting by Crystal Paine 10 Days to Be a Happier Mom Sign up for the Hot Deals Email List MoneySavingMom.com My Instagram account (I’d love for you to follow me there! I usually hop on at least a few times per day and share behind-the-scenes photos and videos, my grocery store hauls, funny stories, or just anything I’m pondering or would like your advice or feedback on!) Have feedback on the show or suggestions for future episodes or topics? Send me an email: crystal @ moneysavingmom.com Sponsor Spotlight: CodeSpark Academy Do you have kids who love science, technology, or STEM-related activities? If so, you might want to check out CodeSpark Academy — an online program that teaches kids ages 5-9 how to code and use critical thinking skills. CodeSpark is the #1 learn-to-code app, teaching kids the ABCs of coding and basic computer programming skills — all without having to know how to read! Based on research-backed curriculum from MIT and Princeton, this highly-rated educational app features hundreds of activities and games designed to teach kids the fundamentals of computer science and introduce them to the world of STEM. In additional to learning how to code, this app also teaches basic problem-solving and logical thinking skills, encourages profound creativity, instills persistence and resilience, and boosts confidence in kids. Better yet, the games are so fun to play, most kids won’t even realize they’re learning while playing! When you sign up for your first FREE month of CodeSpark Academy, you get: Unlimited coding challenges New skills every week Hundreds of educational puzzles Unlimited access to their creativity suite Free CodeSpark Academy 30-Day Trial Right now CodeSpark Academy is offering our readers/listeners an exclusive deal to get a FREE 30-day trial! Typically, you only get a free 7-day trial, so this is a really great opportunity for your kids to try it out and see if they like it! Just go here and use coupon code MSM30 to get your free 30-day trial. Note: When you take advantage of this offer, you’re signing up for auto-renewal at the regular price of $9.99 per month. If you love the program after your free trial, you can continue. If you want to cancel after your free trial, just be sure to cancel the auto-renewal in your account to avoid getting charged. [ad_2] Source link

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[ad_1] Spinners Axar Patel and Kuldeep Yadav were inspirational in the middle overs even as Shardul Thakur complemented the duo with a career-best IPL figures as Delhi Capitals inched closer towards play-off qualifications beating Punjab Kings by 17 runs in an IPL match on Monday. Invited to bat, DC posted 159 for 7 courtesy Mitchell Marsh’s 48-ball 63 and then restricted Punjab to 142 for 9. Thakur (4/36), Axar (2/14) and Kuldeep (2/14) shared eight wickets among them while Anrich Nortje got the important wicket of Jonny Bairstow. It is between overs 6-14 where Delhi won the game as Kuldeep and Axar cumulatively gave away only 28 runs in seven overs with four wickets between them. With this win, DC jumped a place to fourth with 14 points from 13 matches. Royal Challengers Bangalore (14 from 13 matches) have same points as DC but they were pushed down to fifth spot as they have -0.323 NRR compared +0.255 of Delhi. Punjab, who remained at seventh spot with 12 points from 13 matches, are virtually out of reckoning for a play-offs berth as they also have a -0.043 net run rate. Chasing 160 for a win, Punjab suffered a batting collapse after a good start. Jitesh Sharma (44 of 34 balls) and Rahul Chahar (25 not out off 24 balls) made a late fight back with a 41-run stand — highest in their run chase — for the eighth wicket but that proved to be too little too late. Punjab began on a promising note with in-form Jonny Bairstow punishing Khaleel Ahmed and Nortje with fours and sixes to take his side to 27 for no loss at the end of third over. But from there the collapse began as five Punjab batsmen gone back to the hut one after the other as they were reduced to for 5 at the end of the eighth over. Bairstow (28 off 15 balls) fell to Nortje in the fourth over before a struggling Shardul Thakur took two wickets — that of Bhanuka Rajapaksa (4) and Shikhar Dhawan (19) — in three balls in the sixth over to change the complexion of the game. Punjab were 54 for 3 at the end of powerplay and three balls later Axar Patel claimed his 100th IPL wicket with a special one — that of Punjab captain Mayank Agarwal’s scalp . Mayank (0), who has been struggling this season, went for a cut to an arm ball but it went through the gap between bat and pad to crash into the middle stump. There was no respite for Punjab as Liam Livingstone was out in the eighth over, stumped by Rishabh Pant for Kuldeep’s first wicket. Kuldeep returned for his second over to dismiss Harpreet Bar (1) with him wrong-un beating the batter before going through the gate to crash into the stumps. It was all over for Punjab by then as they were reduced to 68 for 6 at the halfway mark. Punjab needed 39 off the final three overs but David Warner pulled off a fine catch at long off to dismiss Jitesh ended the game in favour of DC. Earlier, Arshdeep Singh and Livingstone snared three-wickets each as Punjab restricted Delhi to 159 for 7. Marsh first added 51 runs with Sarfaraz Khan (32) and then another 47 runs with Lalit Yadav (24), after DC lost opener David Warner (0) off the first ball of the innings. DC scored at a brisk pace after being asked to bat but they suffered a a middle-order collapse, losing three quick wickets. It was Australian Marsh, who anchored the DC innings. He completed his fifty with a boundary in the 17th over. He hit four fours and three sixes but ran out of partners. The move to open bowling with Livingstone (3/27) worked as he removed Warner, who gave a sitter to Rahul Chahar at backward point. Marsh and Sarfaraz then tried to steady the ship. Marsh hammered back-to-back sixes off pacer Kagiso Rabada (1/24), including one lofted shot as Delhi added 15 runs in the second over. Sarfaraz was brutal on left-arm orthodox bowler Harpreet Brar (0/29), hammering him for a maximum, a slog sweep and two successive boundaries, as Delhi fetched 15 runs in the third over. Sarfaraz hammered five boundaries and a six as Delhi raced to the 50-run mark in the fifth over. But Sarfaraz’s cameo ended after he mistimed a lofted shot off Arshdeep Singh (3/37) with Chahar taking a running catch. Then Marsh and Lalit mixed caution and aggression. At 86/2 after 10 overs, the stage was set for a big score. But Punjab pegged back DC, by grabbing three quick wickets and reducing the opposition to 112/5. First, Arshdeep used his slow bouncer to remove Lalit and then Livingstone sent back Rishabh Pant (7), who was stumped by Jitesh Sharma. Livingstone had his third wicket, when he removed Rovman Powell (2). Wickets kept tumbling for Delhi even as Punjab bowlers conceded 43 runs in the last five overs. [ad_2] Source link

[ad_1] The post 14 Best Side Hustles for Women appeared first on Millennial Money. To start, let me be clear: There are no side hustles that are inherently a better fit for women than men or vice versa. So, why the qualifier? When we talk about the best side hustles for women, we’re really talking about two statistical realities. First, women are about four times as likely as men to stay home with children, although that gap is steadily closing. The second, of course, is the wage gap. In 2021, women earned about 83% of what men earned in the United States. That gap is also shrinking, especially among young people. But it still stands as an unfortunate reality. Until the gap disappears, women might be more motivated to seek out extra income on the side. With all of this in mind, I’ll focus on two areas in this post: side hustles for stay-at-home parents and side hustles for professional women looking to earn a little extra money in their spare time. Before we get into the specifics, let’s quickly run through some of the top side hustle considerations to help you figure out how to bring in more cash. What Makes a Good Side Hustle? As you think about starting a lucrative side hustle, focus on two simple questions: What are you good at? What do you enjoy? If you find areas of overlap, you’re off to a good start. And if there’s an established market where that overlap fits, even better. The idea here is to play to your strengths. Think about the unique skill set that you’ve developed. Is there anything within it that you could parlay into a side gig? It’s okay to develop skills as you go. But it’ll be easier to build something if you already have some tools to work with. For stay-at-home moms (and dads), flexibility is key. Kids demand a ton of time and attention, so your side gig needs to be one that can adapt to their needs. Now that you know what you’re looking for, let’s get into the best side hustles that you can pursue right now. 14 Best Side Hustles For Women 1. Become a Freelancer In the past couple of decades, the gig economy has exploded. As a result, more Americans are freelancers than ever before, and much of that growth has come from women. In fact, between 2001 and 2016, women accounted for 55% of the growth of the gig economy and now make up nearly half of the freelancer population. The number is even higher among freelance writing jobs, of which women account for the majority. There are several reasons for this shift, including the ability to make your own schedule and avoid office environments. But one thing is clear: Freelancing has never been more accessible. Whether you want to pursue freelance writing, proofreading, web design, digital marketing, or graphic design, the market is out there. You can find jobs using services like Upwork or Fiverr or try and source your own clients. If you need to hone your skills first, you can learn from an online course on the subject. Plus, even if your freelance career starts as a side hustle idea, it has plenty of potential to turn into a full-time income. Play your cards right, and this could become a very lucrative career for you. Fiverr Fiverr is one of the top platforms for finding freelance gigs for around the world. Sign up now for free! Sign up with Fiverr 2. Open an Etsy Shop If you’re the creative type and love making stuff with your hands, consider opening up an Etsy shop. Etsy is a well-established online hub for handmade goods. Whether you make clothing, candles, Christmas ornaments, or anything in between, you can start your own small business by selling on Etsy. You also don’t necessarily need to create your own inventory. Etsy is an awesome place to sell vintage goods, so you can clear out your closet or basement selling valuable older pieces. The downside of Etsy is the same one that any online business owner faces: It costs money. Etsy charges both listing and transaction fees, so be sure to factor them into your pricing strategy. 3. Rent Your Space on Airbnb Renting your property on Airbnb makes a great side hustle if you have the space for it. Whether you have an empty second home or just an extra room to rent out on occasion, you can turn the space into consistent, flexible income. The key to earning with Airbnb is building up your rating. Most renters look for highly-rated rentals, so it might take a little time to get consistent renters. To entice people to give your place a try, make sure that you present your space accurately and beautifully. This means high-quality photos, in-depth descriptions, and a comprehensive list of amenities. Of course, you’ll also have to price it attractively. Once you have a solid reputation, it’s as simple as keeping the place clean for the next guest. 4. Teach English If you’re a native English speaker with a college degree, you’re already qualified to teach English from home in your free time. With VIPKid, you can get started with a quick application. An online tutor can make between $14 and $18 per hour and you can choose when you want to teach. Plus, you don’t need to worry about building a curriculum. VIPKid comes with its own curriculum, which you can learn and practice with the guidance of experienced teachers. If you’re looking to work from home with flexible hours, teaching English through online tutoring is one of the best ways to do it. 5. Be a Virtual Assistant Another work-from-home option is to help busy people as a virtual assistant. Virtual assistants are independent contractors that help individuals or businesses with administrative tasks, working remotely to get the job done. With any given gig, you could be a bookkeeper, scheduler, customer

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