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Ginnie Mae steps up oversight on refinances

Ginnie Mae is the only secondary mortgage market player to offer an explicit government guarantee to its mortgage-backed securities. And now, the full faith of the Federal Government is coming with an uptick in issuer oversight, according to a Ginnie Mae release from today. Ginnie Mae is getting the word out that it is actively monitoring the pooling activity of issuers to...

Ginnie Mae steps up issuer oversight

Ginnie Mae is the only secondary mortgage market player to offer an explicit government guarantee to its mortgage-backed securities. And now, the full faith of the Federal Government is coming with an uptick in issuer oversight according to a Ginnie Mae release from today. Ginnie Mae is getting the word out that it is actively monitoring the pooling activity of issuers to...

This week’s Growth and Income Stocks are Cisco Systems (CSCO) and Rayonier Inc. (RYN).

Cisco Systems (CSCO - Free Report) has been shifting away from its legacy switching and routing business, and has been more focused on areas of high growth within the technology realm.  This includes the cloud, the internet of things (IoT), cybersecurity, and enterprise collaboration.  While they have not abandoned their legacy items, as they still have a solid revenue...

Bank analysts: Democrats unable to slow down Republican tax reform

Economic analysts at both Goldman Sachs and Nomura are leaning toward successful tax reform legislation from the Republican Party. At this point, all signs point to tax reform passing as “very likely,” they say. Nomura is an Asia-headquartered global investment bank that monitors United States economic and political landscapes closely. As for tax reform, they say it’s not Democratic anchor dropping...

S&P: We expect non-QM market to double, or even triple, in size in 2018

Last week, structured finance analysts at Wells Fargo released this outlook report for private and agency mortgage-backed securities. The entire outlook can also be downloaded by following that link. As with 2017, the Wells Fargo analysts see central bankers continuing to dominate mortgage bonds for another year. Now S&P Global Ratings is releasing its forecast and explains that, despite misrepresentations in the media, they...

Industry Voice: Deutsche Asset Management – A private banking revolution

The business model of private banking is undergoing a subtle but profound shift. Historically, the industry provided its wealthy clients with services such as investment advice for "free", while recouping these costs through commissions from products sold and trades executed. Slowly, but surely, the industry is moving towards charging clients explicitly for investment advice.

This Market Isn’t Topping, It’s Climbing Higher!

Calling stock market tops is a fool's errand. The simple fact is that people will continue to try to do it in order to shake some weak hands free of the stocks they hold. Don't get me wrong, I love taking gains, but right now is not the time to do so. The prudent investors have a game plan...

Brewin Dolphin tests low-cost advice service WealthPilot

Wealth manager Brewin Dolphin has announced it has begun testing a "needs-based" wealth planning and investment advice service, called WealthPilot, to engage a wider market segment with simpler needs.

Quilter Cheviot launches AIM portfolio service

Quilter Cheviot has launched a discretionary-managed AIM strategy for high-net-worth investors.

Airlines for America boss: EU unity on Brexit could change nearer deadline

The EU’s current unity in Brexit negotiations is likely to split the nearer it comes to deal-making time. Sharelines “In the EU, a lot of airports can’t handle the 140 flights . They’re too full… and the slots aren’t there.” That was the view of Airlines for America president and chief executive Nicholas Calio, speaking at the AOA conference. He said one...