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[ad_1] A total of 10 new private-label securitization deals backed by more than 9,500 mortgages valued collectively at nearly $5.4 billion have already hit the market over the first few weeks of 2022, according to a new analysis by HousingWire.  The residential mortgage-backed securities (RMBS) deals are spread across the three major buckets of the private-label market — jumbo-loan, investment-property and non-QM deals. Jumbo loan securitizations dominated the pack so far in January, with a total of five deals backed by nearly 3,700 loans valued at $3.3 billion.  Next are private-label offerings backed by investment properties, with a total of three deals involving nearly 4,600 loans valued at $1.4 billion. Finally, there have been two non-QM deals to date, backed by about 1,250 mortgages valued at $674 million.  “There’s a rush to the door because everybody’s thinking about that expected March [Federal Reserve] rate hike,” said John Toohig, managing director of whole-loan trading at Raymond James. “A lot of issuers want to get their deals priced before we see rates move.” The Mortgage Bankers Association is projecting that the Fed will boost short-term interest rates three times this year, and three times again in 2023. The fed funds rate is projected to jump to 2.5% by 2024, with the MBA predicting that the 30-year mortgage rate will hit 4% by the end of 2022. “For much of this year, I think we’re going to see (inflation) numbers in the high single digits … so the Fed has to respond,” said MBA Chief Economist Mike Fratantoni. The issuers behind the jumbo-loan securitization deals year to date as of mid-January 2022, based on an examination of bond-rating agency reports, are as follows: Goldman Sachs; Guaranteed Rate; Rocket Mortgage (through its Woodward Capital Management affiliate); Redwood Trust (through its Sequoia program); and Wells Fargo.  The securitization deals backed by investment properties through mid-January of this year were sponsored by Goldman Sachs; Blue River Mortgage III, a fund managed by global asset manager Angelo, Gordon & Co. LP; and Oceanview — a subsidiary of Oceanview U.S. Holding Corp. We can expect even more private-label action in the weeks ahead, according to industry players. “The latest Federal Housing Finance Agency [FHFA] rule change that increases up-front fees for high-balance and second-home loans could reignite investor issuance later in 2022 as the private market steps up as a potential liquidity source for originators,” states a year-end report by digital mortgage exchange MAXEX. Redwood Trust President Dashiell Robinson agrees. He said Redwood expects the recently announced higher loan fees set to take effect April 1 will drive non-agency origination volumes higher, “generally offsetting the projected decline from the higher conforming loan limits,” which now approach $1 million in high-cost counties around the U.S. Robinson also said the new loan-level price adjustment for second homes “is a logical surrogate for the prior cap” on Fannie Mae’s and Freddie Mac’s purchases of second homes — a cap which was suspended last fall. “[The loan-fee bumps] provides additional subsidy in a more predictable pricing fashion for origination,” Robinson added. “Overall, 2022 supply outlook industry-wide for non-agency RMBS is positive.” MAXEX reports that a total of 17 issuers priced 89 jumbo deals in the private-label market in 2021 that were valued in total at nearly $52 billion — compared with 42 offerings by 13 issuers the prior year valued at $18.6 billion. The value of transactions backed by investment properties, including second homes, totaled more than $25 billion last year, according to data from Kroll Bond Rating Agency (KBRA) and  MAXEX. Finally, the two non-QM RMBS offerings in 2022 so far were sponsored by Ellington Financial Inc. and New Residential Investment Corp. — a real estate investment trust and affiliate of lender NewRez LLC. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac and typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.  “We just see the [non-QM] market overall growing, especially as the mortgage industry grapples with a slowdown in agency refinancing [volume because of rising rates] and more lenders turn their attention to the non-QM space,” said Manish Valecha, head of client solutions for Angel Oak Capital, an affiliate of Angel Oak Cos. — a major player in the non-QM market. Dane Smith, president of Verus Mortgage Capital, another non-QM lender, said he expects total non-QM private-label issuance for 2021 to tally about $25 billion, with 2022 issuance forecast to grow to over $40 billion.  “While we do believe the [non-QM] market is extremely strong, we see the potential for volatility in the face of fed tapering and changes in interest rate policy,” Smith adds in a note of caution. “Despite the potential for increased volatility on the horizon, we believe the market is mature enough to digest higher issuance effectively and continue its growth.” A recent report by the Urban Institute’s Housing Finance Policy Center shows the private-label market’s share of mortgage securitizations has increased gradually since the global financial crisis, growing from 1.83 percent in 2012 to 5 percent in 2019.  “In 2020 [as the pandemic took root], the non-agency share dropped to 2.44 percent and, as of September 2021, it stood at 3.79 percent,” the report states, noting Fannie and Freddie still dominate the mortgage securitization market with of a 96.21% share as of that date.  KBRA projects that 2022 private-label issuance will reach $132 billion, up from an estimated $115 billion for 2021. That estimate came prior to FHFA announcing its loan-fee increases. RMBS issuance, for the purposes of the KBRA report, includes all post-crisis prime, non-prime and credit-risk transfer transactions sponsored by government-sponsored enterprises (GSEs) Fannie and Freddie. “It feels as if the FHFA under [President] Biden’s administration is going to be more focused on first-time homebuyers, minority homeowners, kind of getting back to the roots of the GSEs purpose of homeownership,” Raymond James’ Toohig said. “It’s not your second home, it’s not your investor property, it’s not your high-balance loan, it’s not your

[ad_1] The post Everything You Need to Know about Achieving Financial Freedom appeared first on Millennial Money. Everyone wants to live a luxurious lifestyle. Some of us daydream about owning beachfront real estate and jet-setting around the world on epic adventures. Others fantasize about being able to afford all the newest tech gadgets and owning the hottest car. Luxury like this seems unachievable. But what if I told you that building the life you dream about is possible? All you have to do is achieve financial freedom. What Is Financial Freedom? In simple terms, when you achieve financial freedom, you can live the life you want, without worrying about money. In order to determine what financial freedom means to you, you need to figure out what your ideal life should look like. Take a moment and ask yourself some questions about what you want out of life: What vacations do you want to take? Do you have any dreams that could be accomplished if you had more money? Do you like your job?  What big milestones do you want to accomplish?  The more questions you ask, the better picture you’ll get. Maybe you want to retire by 35 and spend your days traveling to exotic beaches. Or maybe you want to leave corporate America and use your skills in the nonprofit sector.  Whatever your goal, you’ll want to have a clear why that will help motivate you when financial freedom feels out of reach.  What does it mean to have financial freedom? The best part of financial freedom is that it can mean anything you want it to mean. Essentially, it’s a way of life that allows you to be free of debt and to chase after the goals you want. And it’s customizable to anyone.  You could quit your job and become a digital nomad. Or you could start the small business you’ve always dreamed of. Or you could change nothing in your life but have the peace of mind that comes from being financially secure. If you’re serious about achieving financial freedom, here’s a great place to start: We’ve put together a new course, Financial Freedom in Uncertain Times, that can help you prepare yourself for the future. When you sign up, you’ll receive detailed lessons, exercises, and interviews to get you ready for whatever comes next. Financial Freedom in Uncertain Times How to Achieve Financial Independence and Freedom as Fast as Possible… Even if You’re Starting with Just $2.26 in Your Bank Account. Get the exact step-by-step process tens of thousands of people around the world are using to achieve financial freedom and live the life they actually want. 8-Module Online Course 50+ Exclusive Videos Wealth-Building Frameworks Time-Saving Tools & Calculators New Lessons Ongoing Access & Updates Join the Waitlist The Pros and Cons of Financial Freedom  Here are the pros and cons of financial freedom. Pros You’ll be able to live an extraordinary life that’s exactly geared to your dreams.  You’ll be able to treat yourself guilt-free. If you want something, and it’s within the budget, you can buy it knowing you have the money in the bank. Cons It doesn’t always come easy. You might need to work extra-hard and forgo spending money on treats now to build a future of financial freedom. How to Use Your Dreams to Influence Your Goals  Everyone has dreams of what they want to do with their life. And it’s not unreasonable to chase those dreams, even if they feel outside the realm of what’s currently possible. But you won’t achieve your dreams without turning them into goals first.  Financial freedom isn’t possible without a roadmap, and using your dream lifestyle as that roadmap is the best possible way to go. You’ll be able to mark milestones on your roadmap like paying off credit card debt, buying your first home, and saving for retirement.  Set up your financial goals  Setting up your financial goals is the first step to achieving financial independence. You’ve spent some time thinking about what you want your ideal life to look like, but now it’s time to give yourself actionable steps to figure out how to achieve those dreams.  The conversations you need to have with yourself might be challenging.  You’ll need to confront any debt that you have and make a plan to pay it off. You’ll want to pay off some of that debt — like credit card debt or unsecured debt — quickly. You might consider paying off the “good” kinds of debt — like houses, cars, and student loans — off more slowly. Or you might want to pay it all off as soon as possible and live on a tight budget for a few years.  Once you’ve created a roadmap for becoming debt-free, you’ll want to create measured goals to keep that drive alive. Create some short-term and long-term savings goals. The short-term goals will keep you motivated and give you milestones along the way; the long-term goals will help you achieve financial freedom. Strategies You Can Use to Pursue Financial Freedom  Once you’ve created your goals, it’s important to set up a framework to make it possible. You’ll want to ensure you’re using everything in your financial toolbox to set yourself up for success.  Strategies for setting up a budget  One of the best tools in your financial toolbox is a budget. Budgets are an excellent resource for tracking your spending and knowing where your money is going.  Just as there’s a variety of different approaches to financial freedom, there are many approaches to budgeting. Here are three of the most common ones: 1. Zero-based budgeting With zero-based budgeting, every dollar has an assigned role, and at the end of the month, your money is accounted for down to the dollar. It’s a great system for people who are new to budgeting because it tracks everything. You’ll know exactly what your money is doing throughout the entire month. It allows you to save and spend with purpose.  2.

[ad_1] It’s so easy to over-complicate life. To completely miss simple solutions because they are, well, just too easy! Now, hear me out: I’m not saying you should be lazy or lax. What I am saying is that there’s no point in wasting a lot of time and energy on making life more complicated or difficult than it needs to be. The more we pare down to what matters most, the more time we have to intentionally invest in what’s important. Two questions I ask regularly as I come up against a problem or just go throughout normal life are: 1. How can I make this easier? 2. What can I do to simplify this? I firmly believe that simplicity is a superpower. And while I have always focused on keeping things simple, the last three years of two pregnancies and fostering two other babies has caused me to simplify even more! In this episode, I share 8 ways I simplify my life. Jesse and I also talk about a favorite TV show, a documentary we’re watching, what we’re reading, and what’s saving our lives. In This Episode [00:34] – Welcome to another episode of The Crystal Paine Show. [01:45] – It has been an eventful week, with a pretty significant amount of snow. [02:45] – One of our favorite shows on TV has returned. [03:43] – We talk about a documentary that Jesse and I are watching. [06:54] – What has been saving my life for some time now. [08:00] – Jesse jokes about what is saving his life. [09:21] – I finished an audible book that was recommended by a listener. [13:15] – Let’s talk about simplifying our lives instead of over-complicating them. Here are 8 ways I do this… [13:24] – I wear the same outfit over and over again. [14:09] – My make-up and hair routine. [16:00] – We keep meals really simple. [16:42] – We don’t have many toys. [17:55] – We have the older kids be in charge of many aspects of their lives. [20:33] – We have a donation bin. [21:18] – I avoid work related meetings and phone calls. [22:37] – Systems for organizing emails and piles of paper. [23:40] – Some of these may not work for you but I want to challenge you: how can you simplify? Links & Resources Books The Way It Should Be by Christina Suzann Nelson Special Mentions The Amazing Race Meddling documentary Four Little Sparrows Links for Simplifying Your Life My System for Staying on Top of Emails Less Paper Clutter, More Filing How to Eliminate 99% of the Paper Piles in Your Home My Simple System to Eliminate 99% of the Paper Piles Other Links Love-Centered Parenting 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 [ad_2] Source link

[ad_1] Exxon vows to have net-zero carbon emissions from operations by 2050 [ad_2] Source link

[ad_1] Ease of Doing Business for MSMEs: Shailesh Kumar Singh, the Additional Chief Secretary cum Principal Secretary to Jharkhand Governor has been appointed as the new Additional Secretary and Development Commissioner at the Ministry of Micro, Small and Medium Enterprises. The appointment was approved by the Appointments Committee of the Cabinet, Ministry of Personnel, Public Grievances and Pensions on Tuesday. The 1991 batch IAS completed his BTech in Electrical Engineering from IIT Kanpur in 1988 and Masters in Public Administration in International Development from Harvard University in 2019, according to his LinkedIn profile. Singh was Joint Secretary in Coal Ministry between 2012 and 2015 and Chief Vigilance Officer at Steel Authority of India till April 2017.  Singh replaced Devendra Kumar Singh who was the Additional Secretary and Development Commissioner at MSME Ministry from May 18, 2020, till September 23, 2021, according to the DC MSME portal. Shailesh Kumar Singh is the 31st Development Commissioner since 1954, as per the government records.  Subscribe to Financial Express SME newsletter now: Your weekly dose of news, views, and updates from the world of micro, small, and medium enterprises  Singh was among the 13 new appointments across various ministries and departments approved on Tuesday. This comes over four months after MSME Ministry had appointed Central Secretariat Service (CSS) officer Mercy Epao as the new Joint Secretary (JS) – SME Division. Epao was elevated to the JS rank from her earlier position as the Director – SME Division at the MSME Ministry where she was managing the International Cooperation section, Coordination section, EDI section, and Media cell. Previously, Epao was the Director at the Ministry of Development of North Eastern Region.  Currently, there are two Additional Development Commissioners in the MSME Ministry – Ishita Ganguly Tripathy who looks after MSME policy & its governance including Public Procurement Policy and National MSME Board and Sonia Pant who is incharge of Autonomous Bodies (HR & Establishment) and (TC & Tool Rooms), Technology Centre System Programme (TCSP), Common Infrastructure (Cluster Development Programme), etc. Deepak Rao is the Joint Development Commissioner looking after the budget, schemes such as Credit Linked Capital Subsidy Scheme, Interest Subvention Scheme, Credit Guarantee Scheme, and Credit Monitoring Cell apart from National Awards and more. [ad_2] Source link

[ad_1] The post Top 5 Car Rental Apps for Earning Cash appeared first on Millennial Money. There’s no getting around it: Owning a car is expensive.  The latest research from AAA shows the average annual cost of owning and operating a new car is now $9,561. That’s no small chunk of change.  However, with the right mindset, you should be able to offset some of those costs — or maybe even all of them. To cover car payments and earn extra cash, consider renting your vehicle out to folks who need one. Who knows? You might even be able to generate some profits.  Keep reading to learn about the best top peer-to-peer car rental apps for 2022 and determine whether it makes sense for you to try to make some money this way. Top Rental Apps for Car Owners Turo HyreCar Getaround Uber Lyft In the past, people had had to go through a car rental company to borrow a vehicle. The process was costly, time-consuming, and annoying. While that option still exists, it’s now possible to rent a car through an easy-to-use app, which is essentially like an online exchange service. If you don’t want someone else driving your car, you can still make money by chauffeuring people around in a rideshare service, like Uber and Lyft.  With all this in mind, here are some popular apps to consider. 1. Turo  Turo is the top car-sharing marketplace. It’s similar to Airbnb; you just rent your car instead of a house.  The app lets you list one car or an entire fleet of cars at a time. According to the company, one car generates an average annual income of $10,516. Crunch the numbers, and you can potentially make over $94,000 if you owned and rented nine cars.  The amount of money you can earn depends on the plan you select. Turo also needs to wet its beak, too; you can earn 60% to 85% of the trip price.  Keep in mind that Turo offers a liability insurance policy. Drivers get roadside assistance and access to a safety and support team. The company also offers a prescreened customer base of 14 million global users.  When you rent your car on Turo, the driver handles pick-up and drop-off. You don’t even have to deal with any key handoff, either. Simply leave your car in a parking lot or garage and it’s up to the driver to find it.  Turo FREE Turo is one of the leading peer-to-peer vehicle-sharing marketplaces in the industry. Sign up and earn hundreds or even thousands of extra dollars each month renting out your car. Get Started Vehicle requirements Proof of registration in any state other than New York Model year can’t be more than 12 years old Have less than 130,000 miles Clean title (i.e., not branded or salvaged) No total loss declarations Fair market value up to $150,000 Excellent mechanical and physical condition 2. HyreCar  HyreCar is a rental service that enables you to list your car and generate passive income. Simply set up the HyreCar app and create a profile for your vehicle. You can determine pricing in the HyreCar app just as you can with Turo.  HyreCar takes 15% of your weekly rental income as a commission.  HyreCar vehicle requirements 15 years old or newer Good condition with no cosmetic issues 4 doors No commercial branding Proof of registration Personal vehicle insurance 3. Getaround Getaround is a top peer-to-peer car-sharing service that you can use to rent your car on an hourly basis. It’s available in more than 100 cities across the U.S. To use the service, you have to pay $99 and let the company install the Getaround Connect service in your vehicle. In addition, you’ll have to pay $20 in subscription fees.  It’s important to note that Getaround doesn’t support certain luxury car brands and sports cars. For example, if you own a Mercedes of any type, you’re out of luck.  To give you a better idea of the specifics, check out this complete rundown of the site’s vehicle eligibility requirements. Getaround vehicle requirements 2007 model or newer  Less than 125,000 miles  10 seats or fewer  Private passenger vehicle  In good condition No performance modifications  No salvage or repair title 4. Uber  Uber is the world-leading platform for rideshare drivers. When you drive for Uber, you essentially rent your car to help people get around  — but you remain in control as the driver.  In case you’re unfamiliar, here’s how it works: Someone will issue a request for a pickup in the Uber app. As the driver, you’ll receive an alert and, assuming you accept the trip,  then pick them up and drop them off wherever they want to go.  In exchange, you’ll receive a rating and in-app payment along with tips.  Uber vehicle requirements  Have four doors  Be 15 years old or newer The title can’t be rebuilt, salvaged, or reconstructed  You have to own the vehicle No cosmetic or mechanical issues 5. Lyft Lyft is a popular ridesharing service that functions very much like Uber. As a Lyft driver, you can drive people around and get paid. It’s great for people who want to maintain full operational control over their cars.  Lyft drivers help passengers take short trips around town and even to different states. For example, you may drive someone to work, a restaurant, or the airport.  Lyft vehicle requirements  Four doors Minimum of five seatbelts  Car age and condition requirements vary by region Lyft also has an express solution that lets you earn extra cash with a rental car. So, if your car is out of commission or you don’t own one, you can still drive and make money. If this sounds up your alley, check this out. Renting Your Car Without an App  One of the downsides to using a car rental app is you won’t receive the full price for a ride. You’ll have to pay a commission or service fee in addition to insurance

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[ad_1] New York state factory activity slumps in January amid Omicron surge [ad_2] Source link

[ad_1] Microsoft Teams: Tech giant Microsoft has added five new features to its video conferencing solution Teams to aid Frontline Workers, the company has announced. The development was shared by the company in a blog post, in which it stated that five features, viz Walkie Talkie app, Microsoft Viva, managing virtual appointments, audio notification for misplaced devices and Reflexis Shifts Connector. Microsoft also announced that it had partnered with Zebra mobile devices for the Walkie Talkie app in the platform, but this service would work for other smartphones as well. Meanwhile, the learning app of Microsoft Viva is claimed to be included to make it simpler for the entire workforce of a particular organisation to remain up to date with the recommended and required training. Also read | How workforce and technology will converge in 2022 The new features have been added in order to reduce the stress that frontline workers have been dealing with. According to the recent Work Trend Index released by Microsoft recently, 88% of the frontline workers have been found to be excited about the job opportunities created by technology. Microsoft elaborated that the Walkie Talkie app, in several Zebra mobile devices, would let frontline workers connect and communicate instantly and securely with each other with the push-to-talk buttons or PTT buttons on these devices. However, non-Zebra devices would also be able to use the Walkie Talkie app on their Android or iOS devices. The next feature pertains to management of virtual appointments. In its blog, the company said, “To enable workers to stay in the flow of work and reduce stress around approval updates, we are integrating the Approvals app directly into the industry processes that frontline workers rely on. Now workers can manage and request approvals in their line of business with Power Apps component framework (PCF) controls, as well as require details like mandatory comments or group approvals to make sure approvals, and the processes that depend on them, run smoothly.” With this, frontline workers would get a comprehensive view of virtual appointments, accompanied with updates around queuing, wait times, staffing delays and missed appointments in real time. Employees would be able to access, share, discover as well as track leaning content with the help of the update to Microsoft Viva app, which has also announced collaboration with OpenSesame and EdCast for extensive upskilling and training content. The next feature is “Reflexis Shifts connector for Teams which integrates with the Reflexis Workforce Scheduler (RWS) to create a seamless, real-time sync for viewing, assigning, and managing shift requests”, the company said. Apart from these, the last update that is being incorporated for frontline workers by Microsoft is a notification for locating misplaced devices, in which the IT department would be able to trigger an audio notification to help employees find the device that they have misplaced. Not only that but a single tap on Android devices would now also be made available to make it easy for frontline workers to sign out of all of the compatible apps so that the devices can be prepared for the next worker. [ad_2] Source link

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