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Homepoint winds down Ginnie Mae loan-servicing business

[ad_1] Home Point Financial President and CEO Willie Newman Mortgage lender Home Point Financial, which does business as Homepoint, is poised to exit the Ginnie Mae mortgage-servicing rights market, according to its CEO and filings with the Securities and Exchange Commission. Homepoint, in an SEC filing in early November, revealed that its third-quarter financials were boosted by $122 million earned on the sale of mortgage-servicing rights, or MSRs, for an $11 billion portfolio of single-family mortgages “serviced for the Government National Mortgage Association,” or Ginnie Mae.  In a separate SEC filing made in September, the lender revealed that the $11 billion portfolio represented about 41% percent of Homepoint’s “total Ginnie Mae mortgage-servicing portfolio as of June 30” — a percentage also confirmed by the lender’s chief financial officer, Mark Elbaum. The buyer for that $11 billion MSR portfolio, according to the September SEC filing, was Freedom Mortgage Corp. Homepoint, the third largest nonbank wholesale lender nationally, per Fitch Ratings, posted a $73 million loss for the second quarter ended June 30. The $122 million earned on the third-quarter sale of the $11 billion Ginnie Mae MSR portfolio, however, helped to boost Homepoint and its parent, Michigan-based Home Point Capital Inc., into the black for the third quarter of this year, with the lender reporting a Q3 profit of $71 million. “The [MSR] transaction further streamlined Home Point’s servicing operations, reduced overall portfolio delinquencies, and provided incremental liquidity which was used to reduce outstanding debt,” the company’s November SEC filing states. Ginnie Mae backs only the securities issued against mortgages that are in turn guaranteed by the Federal Housing Administration, a go-to program for many first-time homebuyers; the Department of Veterans Affairs; the Department of Rural Housing Service; and HUD’s Office of Public and Indian Housing.  Homepoint spokesperson Brad Pettiford declined to comment on the lender’s plans for its remaining Ginnie Mae MSR holdings beyond what is in public filings. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Homepoint winds down Ginnie Mae loan-servicing business appeared first on HousingWire. [ad_2] Source link

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3 Low-Risk Stocks to Buy If You’re Worried About a Stock Market Crash

[ad_1] The post 3 Low-Risk Stocks to Buy If You’re Worried About a Stock Market Crash appeared first on Millennial Money. The stock market is on a tear. The S&P 500 — an index tracking the 500 largest stocks in the U.S. — has recorded 60 all-time high closing prices so far this year. Businesses are posting strong earnings on the back of price increases. And consumers are flush with cash and ready to spend.  Economically, the job market remains robust, with lower-income workers receiving generous wage increases.  At first glance, this appears to be a great environment for stocks. But is the market too bullish?  As famed investor Warren Buffett once said, “Be fearful when others are greedy and greedy when others are fearful.”  And taking a look just beneath the surface, we can see there are reasons to be fearful. Spiraling inflation… supply constraints for nearly every item… millions of people left out of the workforce… Against this backdrop, it’s understandable if you’re looking to lower your investment portfolio risk. If that sounds like you, here are three lower-risk stocks that should be on your watchlist. Johnson and Johnson has better credit than the government Johnson & Johnson (NYSE:JNJ) Price: $163.43 (as of close Nov 5, 2021) Market Cap: $430.245B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-96df6554515e9c0b3dda458afb663c68”,{rangeSelector:{selected:1},title:{text:”Johnson & Johnson (NYSE:JNJ)Closing Stock Price”},subtitle: {text: “Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false 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“%A, %B %e, %Y”}}]}); }); Johnson & Johnson (NYSE: JNJ) is considered one of the safest stocks in the world and for good reason. The multinational conglomerate was established in 1886 and has grown to one of the largest companies in the world.  If you’re looking for a company with a safe and conservative balance sheet, look no further. In fact, Johnson and Johnson is one of only two companies with a triple-A (AAA) bond rating from Standard & Poor’s.  That means J&J has a better credit rating than the U.S. government!  J&J’s diversification will keep it safe There are multiple reasons for Johnson & Johnson’s strong credit rating. In addition to low debt levels and high cash generation, the company is well diversified across the healthcare industry.  This industry adds another layer of security, because even if there’s an economic slowdown, people will still buy healthcare products.  J&J’s beloved brands such as Tylenol, Johnson’s, and Band-Aid command premium pricing to generics, and many customers refuse to trade down. And with the median age in developed countries continuing to rise, J&J’s medical device and pharmaceutical businesses are well-positioned for future success.  In the next few years, J&J’s Janssen Pharmaceuticals segment will continue to benefit from its COVID-9 vaccine. That’s because of high demand in developing countries for a single-shot dose.  Get in while J&J is cheap Analysts consider a stock’s beta when determining its risk level. A beta reading under 1 indicates that the stock is less reactive to market volatility. J&J’s beta is 0.72. This combination of a conservative balance sheet and economically stable business operations makes J&J a strong candidate for investors looking to balance out the high-risk and high-beta investments that have come to define the market in recent years.  Remember, the trade-off for lower-risk stocks is the potential for lower returns. That’s been true for Johnson & Johnson stock, and the company has underperformed the broader market in the last five years, gaining 43% versus the S&P 500’s 120%.  The upside is Johnson & Johnson is now cheap by traditional investing metrics. Currently, shares trade at 15 times expected earnings, lower than the greater market’s multiple of 22.4 times.  Additionally, Johnson & Johnson’s stock pays a robust dividend yield of 2.6%, two times the S&P 500’s 1.3% payout. And the company has increased its dividend by 35% during that five-year period.  Johnson & Johnson may no longer be the growth juggernaut it was years ago, but the company can be used to add value, increase yield, and lower your overall portfolio risk.  Microsoft provides growth and quality Microsoft (NASDAQ:MSFT) Price: $336.99 (as of close Nov 5, 2021) Market Cap: $2.523T document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-a2516848749b6b5c5bd9d48cb79e037a”,{rangeSelector:{selected:1},title:{text:”Microsoft (NASDAQ:MSFT)Closing Stock Price”},subtitle: {text: “Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false 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“%A, %B %e, %Y”}}]}); }); It’s not often you see a growth stock on this list, which is why Microsoft (NASDAQ: MSFT) is a rare find.  Microsoft might have missed out on the smartphone craze (unlike rival Apple). But under current CEO Satya Nadella, the company has transitioned into next-gen computing and services.  If you’d have purchased Microsoft when Nadella became CEO in 2014, you’d now be sitting on 810% gains. Recently, Microsoft eclipsed Apple to become the largest company in the world by market capitalization. Naturally, you’d expect Microsoft to become riskier as a consequence. But that just hasn’t been the case. Like Johnson & Johnson, Microsoft’s beta is 0.80, lower than the overall market.  And in the most recent quarter, Microsoft fired on all cylinders, smashing earnings and revenue estimates.  Despite having top-line revenue of more than $168 billion last fiscal year, the company continues to post year-over-year growth rates of 22%.  Last quarter, Microsoft’s biggest growth driver was its Azure cloud computing business, which is increasing at a 50% clip. Look for this strong growth to continue.  Microsoft’s growth is in the cloud Cloud computing might seem like a mature industry at this point, but there’s still significant room for growth. Self-driving cars and the internet of things will require a significant ramp-up in computing and storage functionality.  At present, the only infrastructure providers in the cloud ready to meet this challenge are Microsoft’s Azure and Amazon Web Services. That’s unlikely to change anytime soon. Earlier, we noted that Johnson & Johnson was one

3 Low-Risk Stocks to Buy If You’re Worried About a Stock Market Crash Read More »

*HOT* FREE 276-Piece LEGO Star Wars Set after Cash Back!!

[ad_1] Whoa! This is a super hot deal to score a free LEGO Set! This FREE 276-Piece LEGO Star Wars Set Featuring Baby Yoda would make a GREAT frugal gift idea! TopCashBack is offering a $25 rebate on any $23.99+ purchase of the 276-pc LEGO Star Wars Set Featuring Baby Yoda at Walmart, making it FREE! Here’s how to get your FREE 276-pc LEGO Star Wars Set: 1. Head here for the special 276-pc LEGO Star Wars Set offer and sign up for a new Top Cash Back account. 2. Spend $23.99 or more on the 276-pc LEGO Star Wars Set at Walmart. Choose free in-store pickup to avoid shipping costs. 3. Within 21 days, your Top Cash Back account will be credited with $25! 4. After you receive the $25 payment in your Top Cash Back account, you can choose to transfer it to your bank account or request a Paypal payment. This is for new Top Cash Back members only. If you are already a member, you are allowed to sign up another adult in your household. This deal is valid through November 15, 2021 — or while supplies last. [ad_2] Source link

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When will we see the next housing recession?

[ad_1] Economic cycles are like serial killers on a Netflix show: they leave clues to get caught. Interpreting these clues gives you the ability to see when the economy is in recovery and when things are about to go into recession. My job as a data analyst is to provide the map you need to follow these clues, specifically as they relate to housing. Each economic sector behaves differently in a recession; typically, the industry with the most leverage on growth gets hit the hardest. This was the case for housing during the lead-up to the bubble years as housing data went criminally insane in the years 2002-2005. As we close in on Thanksgiving, we can be grateful for the recent excellent jobs report, which shows that the housing crash fanatics have failed once again in 2021. But during any economic expansion we can expect to see the occasional red flags warning us of the next economic recession. Some of these flags will just be noise in the system that can be ignored, while others may indicate actual cracks in our foundation that need to be heeded. The trick is being able to distinguish between the two. Regarding the U.S. housing market, no single metric can herald an oncoming slowdown; it will require several factors signaling in concert for the warning to be meaningful. I’ve outlined these factors below. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post When will we see the next housing recession? appeared first on HousingWire. [ad_2] Source link

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RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

RAJANAGA99

prediction market

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binance prediction

indodax prediction

bybit prediction

bitget prediction

okx prediction

tokocrypto prediction

metamask prediction

pintu prediction

kraken prediction

xe prediction

kucoin prediction

bitmart prediction

lbank prediction

coinex prediction

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xt prediction

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bittrex prediction

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polynion

polynion

polynion

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Usdt

token Ethereum

solana token

bscscan token

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opinion market