What Is The SIPC and How Does it Protect Your Investments?
As a financial planner, I get a lot of concerned questions from my clients regarding their investments. One recently asked me: What exactly happens if the brokerage firm I’m custodied with goes out of business? This is a great question because many people donât know their investments have protection in the first place, or theyâre […]
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Guide to Estimated Tax Payments
If you collect a regular paycheck from an employer, then you probably know you have to file an income tax return in April each year. When you’re self-employed or receive income other than employment wages or salary, you might also be responsible for making estimated tax payments. Estimated taxes are an advance payment against your […]
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Database Mgt., Pre-Funding and Post-Closing QC Tools; NMLS Change? Ag, Non-QM, DSCR, Reverse, Lock Program News
John F. Kennedy has been gone nearly 60 years, and Jackie Kennedy (Onassis) nearly 30, but the couple still resonates with people. The first home that they owned as a married couple is for sale in Washington DC. If youâre ever in a guessing game about the most expensive places to live in the United States, stick with the safe bets: New York and anything California. Seems the press has latched on to declining home sales, but declining due to high prices, lack of inventory, or lack of buyerâs interest? Other stories indicated increasing home sales, but in certain price ranges, more builder inventory, or continued Millennial first-time home buyer interest? Take your pick. Meanwhile, lenders and originators have their continued regulatory speedbumps. Orrick reports that, âThe Conference of State Bank Supervisors (CSBS), on behalf of the NMLS Policy Committee, issued a request for public comments on proposed uniform state licensing standards for mortgage companies. The Proposal: Mortgage Business-Specific Requirements would create a national standard for mortgage industry licensing to help improve uniformity within the state system and streamline the licensing process for mortgagees seeking licensure in multiple states.â (Todayâs podcast can be found here and this week itâs sponsored by MGIC. Since 1957, MGIC has insured more than 13.5 million mortgage loans with innovative products, tools and strategies that help customers solve problems and fuel growth. Explore tools and solutions to boost your business here. Listen to an interview with Townstone Financialâs Barry Sturner and Garris Horn LLPâs Richard Horn on the CFPBâs recent judicial failures.)
9 Best Student Checking Accounts of April 2023
SIPC vs. FDIC: Understanding Key Differences
Whether youâre saving money in a bank account or investing it in the market, you want some reassurance that itâs safe. The Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) ensure banks and other financial institutions, â¦ Continue reading â
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Navigating Your Financial Aid Package
College financial aid includes grants, scholarships, work-study and federal student loans. Scholarships and grants are forms of aid that generally donât need to be repaid. Students who qualify for work-study are able to find part-time employment that can help them pay for college costs. Federal student loans are also considered financial aid, but unlike scholarships […]
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First Citizens Purchases Failed Silicon Valley Bank
First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation, or FDIC.Â Â
What Do You Need to Buy a House?
There are a lot of myths about buying a house: that you need at least a 20% down payment, perfect credit (or close to it), and a specific income level. But the truth is, you donât need a particular down payment amount, salary, or a credit score over 700 to become a homeowner. What you […]
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Can You Lose Money in a Money Market Account?
Money market accounts combine the benefits of both savings and checking accounts with the potential for higher interest yields. While the Federal Deposit Insurance Corporation or the National Credit Union Administration insures your money market account, bank fees and penalties â¦ Continue reading â
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