News

[ad_1] Take Five: A central bank bonanza [ad_2] Source link

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened on negative note with Nifty below 17000 amid weak global cues. The BSE Sensex was down 483.39 points or 0.85% at 56577.48, and the Nifty was down 144.70 points or 0.85% at 16957.80. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 0.6%. In the Nifty pack, Hero MotoCorp, Infosys, Tech Mahindra, ONGC and Bajaj Finance were among major losers, while gainers were IndusInd Bank, Axis Bank, Tata Motors and Power Grid Corp. This week is going to be a truncated one as the market will remain shut on Tuesday on account of Ramzan Eid. [ad_2] Source link

[ad_1] Brena Nath, Director of HW+ and Events Last October, an in-depth look at how Federal Housing Finance Agency Director Sandra Thompson planned to lead the agency was the feature story for the magazine. Her leadership captured the industry’s attention for many reasons, one of those being the fact that the director leaving office, Mark Calabria, was looking at ways to bring the GSEs out of conservatorship. Thompson had no plans of continuing that conversation. Instead, that same month, Thompson announced something else that changed the game for the housing industry — she announced that Fannie Mae and Freddie Mac would begin permanently accepting desktop appraisals for conventional loans. The news generated mixed opinions. While some claimed that the move was a key component in creating a digital mortgage experience, appraisers, who would be using the new tool, weren’t as excited about the new process. Starting on page 36, you can hear from guest author Amanda Hill, who is head of mortgage solutions at Reggora, as she discusses how key stakeholders in the desktop appraisal space are navigating the shift. Lyle Radke —Fannie Mae senior director of collateral policy — is quoted in the piece asking, “How do you manage the risk of not having appraiser capacity when you need it?” His answer: “You’ve got to find ways to make your appraisers either more efficient or dedicate them to the more pressing problems.” Also featured in this issue is HousingWire’s second class of Housing Finance Leaders. Spotlighting top executives who are driving companies forward, this class once again features the leaders who are making sure their companies are maximizing today’s fast-paced market. The post HousingWire Magazine: May 2022 appeared first on HousingWire. [ad_2] Source link

[ad_1] Looking for something fun to do this weekend? Check out this free event at Joann Fabrics! Joann Fabrics is offering a free Sew & Stuff Rainbow Craft Kit on May 7th! No registration required. [ad_2] Source link

[ad_1] Russia swerves to avoid default: what is next? [ad_2] Source link

[ad_1] By Rajesh Palviya Nifty started the previous week on a flat note and traded with extreme volatility on either side throughout the week. NSE Nifty 50 closed at 17110 with a loss of 69 points on a weekly basis. On the weekly chart the index has formed a “Doji” candlestick formation indicating indecisiveness amongst market participants regarding the direction. The  chart pattern suggests that if Nifty 50 crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800-18000 levels. However, if the index breaks below 17000 level it would witness selling which would take the index towards 16800-16500 .For the week, we expect Nifty to trade in the range of 17500-16500 with mixed bias. The daily and weekly strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias.  Nifty Derivative Outlook  Nifty futures closed at 17135 on a negative note with 3.47% increase in the open interest indicating Short Build Up. Nifty Futures closed at a premium of 33 points compared to the previous day premium of 15 points. FIIs were buyers in Index Futures to the tune of 441 crore and were buyers in Index Options to the tune of 11271 crore, sellers in the Stock Futures to the tune of 358 crore. Net buyers in the derivative segment to the tune of 11050 crore. India VIX index is at 19.42 v/s 19.37. Nifty ATM call option IV is currently 15.19 whereas Nifty ATM Put option IV is quoting at 18.89. Index options PCR is at 0.9 v/s 1.36 & F&O Total PCR is at 0.84.  Nifty Put options OI distribution shows that 17000 has highest OI concentration followed by 16900 & 17200 which may act as support for current expiry. Nifty Call strike 17300 followed by 17500 witnessed significant OI concentration and may act as resistance for current expiry. Bank Nifty Outlook Bank Nifty started the previous week with a downward gap and selling pressure throughout the week led the index to end on a positive note. Bank Nifty closed at 36064 with a gain of 43 points on a weekly basis. On the weekly chart the index has formed a bullish candle forming lower high-low as compared to previous week and has closed below the same indicating weakness. The chart pattern suggests that if Bank Nifty crosses and sustains above 36500 levels it would witness buying which would lead the index towards 37000-37500 levels .However if the index breaks below 35900 level it would witness selling which would take the index towards 35500-35000. Bank Nifty is trading below 20, 50, 100 and 200 day SMA which are important short term moving averages, indicating negative bias in the short to medium term. For the week, we expect Bank Nifty to trade in the range of 37000-35000 with a negative bias. Bank Nifty Derivative Outlook Bank Nifty closed at 36144 on positive note with 3.79% increase in open interest indicating Short Build Up. Bank Nifty Futures closed at a premium of 56 points compared to the previous day premium of 41 points. Bank Nifty Put options OI distribution shows that 36000 has highest OI concentration followed by 36500 & 36300 which may act as support for current expiry. Bank Nifty Call strike 36500 followed by 36000 witnessed significant OI concentration and may act as resistance for current expiry. Sectors and stocks to watch this week We expect Cement, Chemical & Fertilisers, Oil & Gas, Auto and FMCG sectors may show some buying interest while IT, Banking, Capital goods sector may show some weakness. We believe stocks specific activity is going to continue in the market and Midcap stocks may likely to perform this week. Stocks like Reliance Industries (RIL), Hindustan Unilever Ltd (HUL), Ambuja Cements, Coromandel International, Indian Hotels, Deepak Nitrites, Hero MotorCorp, Aditya Birla Fashion and Retail (ABFRL), and Asian Paints are likely to perform in this week. (Rajesh Palviya, VP – Research (Head Technical & Derivatives), Axis Securities. Views expressed are the author’s own.) [ad_2] Source link

[ad_1] In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. “The expected benefits of desktop appraisals — faster turn times and less friction for the borrower — are a much-needed piece of good news for a highly competitive market,” said Kenon Chen, executive vice president of corporate strategy at Clear Capital. “However, for lenders to take advantage of these benefits on behalf of their customers, they need to navigate new GSE requirements, such as ensuring appraisers have access to a digital floor plan.” To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5. For appraisers and loan originators, Clear Capital’s Desktop Data Collection assembles the trustworthy property data needed to confidently complete a GSE-compliant desktop appraisal. Additionally, these solutions will assist with appraiser capacity concerns and reduce appraisal turnaround time while allowing appraisers to remain a vital component of the loan collateral process. Clear Capital’s desktop appraisal solutions offer an easy way to obtain property information by pairing seasoned brokers and appraisers with innovative mobile phone technology, ClearInsight and CubiCasa. ClearInsight and CubiCasa have revolutionized property data collection for remote valuations — state-credentialed appraisers and trained property data collectors can capture the detailed property data needed for a desktop appraisal usingjust a mobile phone. Within these desktop appraisal solutions, users can capture photos with ClearInsight and generate high-fidelity floor plans with interior walls and an ANSI aligned digital GLA with CubiCasa to help appraisers complete a Desktop Appraisal. Floor plans with interior walls are a requirement for GSE-compliant desktop appraisals, and CubiCasa and ClearInsight are the only solutions on the market that can execute these using a mobile phone. “Through digitizing the property, enabling new workforces through mobile technology and using AI models, we are executing the GSE’s vision of a modernized risk-based appraisal process,” CEO Duane Andrews said. These desktop appraisal solutions use robust property data collected by Clear Capital’s seasoned real estate broker panel and offer an easy way to obtain property information. Using Clear Capital’s desktop appraisal solutions, desktop appraisals can be completed up to 50% faster than a traditional appraisal, with a similar risk performance as compared to traditional appraisals. “What makes Clear Capital’s product and approach so valuable is that we can give lenders complete confidence that ordering a Desktop Appraisal will have a successful result,” Chen said. “With our nationwide network of certified data collectors using the one-of-a-kind CubiCasa automated floor plan app and our extensive property data set, we can obtain floor plans on demand, fueling completion of desktop appraisals and enabling a lender’s panel of appraisers to complete desktop appraisals as well. Our technology, data and nationwide coverage of data collectors provide a seamless transition for lenders looking to unlock the benefits of desktop appraisals.” Duane Andrews, CEO, Clear Capital As CEO, Duane’s people-centric focus and passion for the mortgage industry has builtClear Capital into a leader of valuations and real estate analytics providing valuable services to nearly all top 100 U.S. lenders and nearly every mortgage investor. Kenon Chen, Executive Vice President of Corporate Strategy As head of corporate strategy, Kenon guides Clear Capital’s growth, ensures Clear Capital delivers consistent, long-term value for customers and partners, and develops intuitive solutions that have transformed the valuation space. The post Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines appeared first on HousingWire. [ad_2] Source link

[ad_1] My older sister, Brigette, shares her shopping trips and menu plans every week! You can go HERE to see all of her weekly menu plans and you can go HERE to read all about her family! Aldi 2 bags Tortilla Chips – $2.98 2 bags frozen Broccoli Florets – $2.18 4 cans Green Beans – $2.16 1 Cauliflower – $2.69 1 bag Mini Sweet Peppers – $2.95 1 bunch Bananas – $1.32 2 bags Green Beans – $3.30 1 bag Romaine Hearts – $3.39 1 16-oz pkg Deli Meat – $3.49 1 pkg boneless Chicken Breasts ($1.99/lb) – $10.93 1 pkg Pepperoni – $2.25 2 pkgs Breakfast Sausage Links – $4.98 1 10-oz bag Pecans – $5.89 1 pkg Hamburger Buns – $0.65 2 loaves Sandwich Bread – $1.00 1 gallon Whole Milk – $3.47 1/2 gallon Almond Milk – $2.19 1 32-oz carton Half and Half – $1.65 2 dozen Eggs – $5.02 (I can NOT believe how expensive egg prices are currently!!) 1 32-oz carton Greek Yogurt – $3.39 2 1-lb boxes Butter – $6.34 1 16-oz bag Shredded Cheese – $2.59 1 8-oz pkg Sliced Cheese – $1.79 2 jars Gourmet Spaghetti Sauce – $3.78 1 32-oz box Spaghetti Sauce – $1.12 1 jar Strawberry Jam – $1.69 1 box Crispy Oats – $1.15 1 box Crispy Rice – $1.45 1 box Rice Squares – $1.89 Grocery Total for the Week: $87.68 Weekly Menu Plan Breakfasts Oatmeal, Cereal, Fruit, Yogurt, Toast, Eggs Lunches Deli Meat/Cheese Sandwiches, Bananas, Cucumbers, Chips x 2 PB and J Sandwiches, Grapefruit, Peppers, Chips x 2 Leftovers x 3 Dinners Spaghetti (with Venison Meatballs and Sausage), Homemade French Bread, Green Beans Pancakes, Eggs, Sausage, Fried Potatoes Pulled Pork (from the freezer – see last week) on Buns, Broccoli, Chips Fried Fish (my guys went fishing and brought home SO MUCH FISH!), Green Bean, Biscuits Grilled Chicken, Biscuits, Honey Glazed Carrots Pepperoni Pizza, Roasted Cauliflower Chicken Gravy over Rice, Broccoli, Homemade Bread [ad_2] Source link

[ad_1] Qantas orders Airbus jets for world's longest non-stop flight [ad_2] Source link

[ad_1] All 380 million unorgansied sector workers may get treatment at Employees’ State Insurance Corporation (ESIC)-run healthcare facilities. Sources said the Prime Minister’s Office (PMO) has directed the ESIC to work on the plan by using its over Rs 1-trillion reserve fund, lying mostly in fixed-income instruments with the banks, to enhance its medical infrastructure and extend its reach to all 740 districts of the country from 575 now. At present, the ESIC extends medical facilities to its members or insured persons (IPs), and members of their families, called beneficiaries, through a network of 160 ESI hospitals including eight medical colleges, two dental colleges, 1,517 dispensaries and 76 dispensaries-cum-branch offices. The number of ESIC beneficiaries now stands at over 130 million. Further, in 157 districts where ESI hospitals are not available, it has collaboration with Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) and the entire expenditure for treatment of such ESI beneficiaries is borne by the ESIC. The ESIC is applicable to all factories and other establishments employing 10 or more persons earning up to Rs 21,000 a month. The ESI Act, 1948, which governs the corporation, does not apply to the unorganised sector now. In the contributory scheme, the employer contributes 3.25% and the employee 0.75% of the wages towards the scheme. A home-based worker, self-employed worker or a wage worker who is not a member of the (ESIC) or the Employees’ Provident Fund Organisation (EPFO) is called an unorganised worker. For the first time, the government has taken the initiative to identify such workers by registering them in the e-shram portal. Around 280 million out of an estimated 380 million of them have already been registered on the portal. The social security code, passed in September 2020, provides the right to health security under the ESIC to the the maximum possible workers. In addition to this, the option of the ESIC is proposed to extended to plantation workers, gigs and platform workers and institutions with less than 10 workers. If there is risky work in an institute, that institute will inevitably be brought under the purview of the ESIC, even if it is a sole labourer. Sources said the government may ask unorganised sector workers like domestic and household workers, construction workers and those engaged as private security, among millions of others, and are not members of either the EPFO or the ESIC at present, to make a paltry contribution to the social security fund, proposed in the social security code, to avail medical benefits under the scheme. In February, a little over 33 million existing employees of the ESIC paid contribution under the scheme, of which 1.6 million were newly registered. [ad_2] Source link