Berkshire Mortgages – Hudson Berkshire Experience http://hudsonberkshireexperience.com/ Mon, 21 Jun 2021 22:38:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://hudsonberkshireexperience.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Berkshire Mortgages – Hudson Berkshire Experience http://hudsonberkshireexperience.com/ 32 32 Counting the benefits and costs of California deportation bans during the pandemic https://hudsonberkshireexperience.com/counting-the-benefits-and-costs-of-california-deportation-bans-during-the-pandemic/ https://hudsonberkshireexperience.com/counting-the-benefits-and-costs-of-california-deportation-bans-during-the-pandemic/#respond Mon, 21 Jun 2021 16:48:29 +0000 https://hudsonberkshireexperience.com/counting-the-benefits-and-costs-of-california-deportation-bans-during-the-pandemic/

Solano has been allocated $ 13.3 million in PIU funds, administered by Catholic Charities of Yolo-Solano. So far 3,064 applications have been received, requesting assistance totaling around $ 10 million, but only less than $ 200,000 has been paid to 16 applicants, with an additional $ 10,000 pending, according to Anne Putney, analyst at main management for the county.

“A number of requests are pending documentation,” Putney said.

Impacts on owners

The California Apartment Association has collected approximately 4,000 letters to lawmakers in its call to action among rental property owners and managers to oppose a substantial extension of SB 91, as long as applicants can document the impact. of the pandemic on their inability to pay rent.

“We’re saying the state only needs a month or so to withdraw the money,” said Debra Carlton, executive vice president of state public affairs, referring to the ERAP program. “State and local governments are extremely late in releasing the money.

In early June, one of the letter’s authors was FPI Management, which oversees more than 130,000 units in 17 states and is the largest manager of rental housing in California, with 89,670 units for approximately 1,000 homeowners.

REIT said it had about $ 40 million in rents, fees and utilities in arrears at the time. Just over 4,500 tenants requested help from state and local portals, asking for $ 23.2 million in assistance, but only about 3% had been received, for a total of $ 709,000.

Solano Property Management is still awaiting the outcome of dozens of claims submitted for tenants in arrears of nearly $ 100,000 in the more than 2,000 mostly residential units the company manages in Solano, Napa and Yolo counties, according to Susie Slankard, who runs the Fairfield office. A Vacaville tenant has $ 20,000 in arrears.

“We have tenants who haven’t asked for help. We’re trying to get them to apply, ”Slankard said. “Some don’t pay at all, and some pay what they can.”

Keith Becker, Managing Director of DeeDee’s Rental Property Management, manages more than 500 mostly single-family homes and condominiums in Sonoma County for approximately 400 clients. The number of tenants in arrears is only 14, or less than 3%. That’s about $ 100,000 in arrears for client landlords, but it’s on top of two other levels of rent restrictions in recent years, he said.

Among these is the state anti-scam law (passed as penal code 396), which limits price escalation by more than 10%. The law comes into play when jurisdictions approve declarations of emergency.

This cap came into effect with the Tubbs and other North Bay fires in October 2017 was extended by the Russian River flood in 2019 and the Kincade fire, as well as the Glass fires and of Walbridge in 2020.

And that was before a statewide rent cap and just cause evictions law (SB 1482) was signed early last year, limiting rent increases to the slightest. 10% per year or 5% plus the local consumer price index until 2030.

“There’s another ugly factor: Long-term tenants don’t pay the same amount in rent as new tenants,” Becker said. “If they paid a low rent before the fires, as soon as they hit, PC 396 says you can’t increase the rents by 10% over an already low rent. Some homeowners over the past four years have not caught up.

When Sonoma County passed emergency eviction restrictions limiting evictions to public health and safety concerns or the exit of landlords from the rental market, some landlords began to seek the exit, Becker said.

“We haven’t seen a massive exit yet,” he said. “I have 19 properties that, as of the start of 2021, are either owners or family members move in, taking them off the rental market, or they are sold. “

But one effect of the state’s emergency and rent control measures is a slowdown in the number of multi-family property sales transactions, according to Scott Gerber of Meridian Commercial.

While nationwide pandemic economic relief efforts have driven down the cost of financing single family homes over the past year and led to a surge in offers and soaring prices, the same is not happening. It’s not produced for sales of multi-family rentals, especially small complexes, he said.

“The prices haven’t gone down, but they haven’t gone up,” Gerber said. “Given the obstacles to the flow of income (due to non-payment of rents), it should be noted that we have not seen prices increase. The largest multi-family lender still requires a year of principal and interest to be impounded as protection against collections related to COVID and tenant financial hardship. “


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Housing market explodes for sellers, buyers and agents | Business https://hudsonberkshireexperience.com/housing-market-explodes-for-sellers-buyers-and-agents-business/ https://hudsonberkshireexperience.com/housing-market-explodes-for-sellers-buyers-and-agents-business/#respond Sat, 19 Jun 2021 06:00:00 +0000 https://hudsonberkshireexperience.com/housing-market-explodes-for-sellers-buyers-and-agents-business/

Betsy and Bill West are a longtime real estate team in this part of Pennsylvania. Over the past 15 months, the pandemic has impacted their livelihoods in a variety of ways, first feasting them and then creating a feast of opportunity for the Cecil Township couple and their brothers and sisters of estate agents and agents.

Residential real estate has become a nationwide nascent industry, which has been essentially a sellers’ market and a buyer’s market for months – and perhaps a year in the Pittsburgh area, some analysts say.

The main reasons are simple: Although interest rates have risen since hitting historic lows last summer, they are still below 3%. The rates, along with the injection of federal stimulus funds, made it a fortuitous moment for sellers and, to a lesser extent, potential buyers.

Demand in many parts of the country is outstripping the supply of housing, causing potential buyers to compete for a particular home. A number of them may offer thousands of dollars above the list price, but only one will prevail. Salespeople, meanwhile, are shining like never before. Yet in many cases it is a victory for both parties.

That’s why the West, agents of Berkshire Hathaway Home Services in Washington, have adopted some house rules.

“We are telling everyone who has a house to sell and a place to go, that they will never get more than they do today,” Betsy said last week. “Salespeople are getting $ 10,000 to $ 20,000 more than they ask for. We’ve never seen that. Now is a great time for sellers to list and sell quickly.

On the other hand, she added, “We tell buyers to be aggressive, to be ready to take a chance. Some take over the 1% transfer tax for them and the seller. Some offer to pay the owners closing costs.

“Sometimes six or seven offers come in in the first 48 hours (that a home is listed). We sit down with the seller and present maybe six offers and the pros and cons of each. Maybe someone isn’t offering the most money, but is willing to pay the closing costs.

This contrasts sharply with the second quarter of 2020, when Governor Tom Wolf included the real estate industry in his late March shutdown of “non-core” businesses. Agents struggled, working mostly from home, and consumers – some of whom had already put homes on the market – had to wait. Real estate returned on June 5, during a partial reopening by Wolf.

Since then, said Scott Cavinee, his business has been “inundated” with work. Cavinee is the founding broker of SWC Realty, which has offices in Washington, Waynesburg, Uniontown, and Lycoming and Clinton counties.

“It was crazy, and it’s been like that since the governor reopened,” he said. The market boom “lasted longer than I thought”.

Cavinee said Pennsylvania was the only state where real estate was completely shut down during the pandemic, “and it absolutely shouldn’t have happened.”

Ovi Manciu is amazed at how the industry is changing now.

“When something is on the market now, it sells very quickly,” said Manciu, an agent for Howard Hanna Real Estate in Peters Township. “There are bidding wars.”

He was recently in the midst of such a “conflict”. Manciu said that one of his clients was in love with a house for sale in Peters “and was prepared to pay $ 25,000 more than the asking price”.

Speaking with an agent representing another interested party, Manciu found that eight offers had been made on this house, and five were more lucrative than the one made by his client.

This individual, Manciu said, is still looking for a home in Peters.

“This is the best opportunity to sell in 10 years,” said Manciu, a resident of North Strabane Township. “Things have completely changed. Before, people would bid 10% below the asking price. Now they are prepared to pay that much, no matter if the house needs to be renovated.

Buyers appear to be flooding the market, and probably are, in part because the rapid sales drive inventory of available existing homes down, Manciu said. But he also believes a number of apartment dwellers, working from home while dodging the dangers of the pandemic for more than a year, “felt trapped in a cage. They had good credit, the rates were low, and now they want a house with more space and gardens.

Another problem, according to West, “is that the construction of new homes is so slow now.” Supply chain outages and delays have been formidable, and the costs of lumber and building materials have skyrocketed, limiting opportunities for future homeowners.

“There is a percentage of buyers looking to build, but new construction is expensive now,” Manciu said. “Builders are struggling to get materials. The price of lumber became so high that builders could only guarantee lumber prices for 30 days. “

So how long will this phenomenon last? None of these real estate professionals called themselves Nostradamus, and could offer no waterproof forecasts.

The Federal Reserve gave no clarity on Wednesday when its policymakers indicated that due to inflation, they could increase their benchmark short-term rate – which includes mortgages – twice by the end of 2023 They had previously estimated that there would be no increase until 2024.

“I don’t see how (the real estate boom) can continue, but some people think it’s going to continue,” Cavinee said. ” I’ve no idea. It’s already gone on longer than I thought. “

Manciu said, “I see it’s slowing down a bit now, but interest rates are still low and houses are still selling.”

“How long will it last?” Betsy West asked, repeating the question. “The speculation is that we are going to enter into a change. But Bill and I have been around long enough to know that real estate is like a water tap. It flows, then just as quickly, the tap closes.


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US stocks collapse; The S&P 500 has its worst week since February | national https://hudsonberkshireexperience.com/us-stocks-collapse-the-sp-500-has-its-worst-week-since-february-national/ https://hudsonberkshireexperience.com/us-stocks-collapse-the-sp-500-has-its-worst-week-since-february-national/#respond Fri, 18 Jun 2021 14:30:33 +0000 https://hudsonberkshireexperience.com/us-stocks-collapse-the-sp-500-has-its-worst-week-since-february-national/

NEW YORK (AP) – Stocks fell widely on Wall Street on Friday, sending the S&P 500 to its worst weekly loss since February. The index fell 1.3% and fell 1.9% during the week. Among the biggest losers were banks and other stocks that soared earlier this year due to expectations about the economy and inflation. Investors are still recalibrating their moves after the Federal Reserve signaled this week that it may hike rates sooner than expected. Short-term Treasury yields continued to climb, and the Dow Jones Industrial Average suffered its worst weekly loss since last October.

THIS IS A CURRENT UPDATE. AP’s previous story follows below.

NEW YORK (AP) – Stocks crash on Wall Street on Friday, and the S&P 500 is on track for its losing first week in four, as more steam comes out of banks and other stocks that have soared in boomed earlier this year with expectations for the economy and inflation.

The S&P 500 was down 0.9% in afternoon trading and losses were widespread. More than four out of five stocks on the index were down, and it is on the verge of having its worst day in a month.

The Dow Jones Industrial Average was down 406 points, or 1.2%, at 33,416 at 2:10 p.m. EST, and the Nasdaq composite was down 0.6%.

Investors are still recalibrating their moves following the Federal Reserve’s signal this week that it may increase interest rates earlier than expected. Policymakers have indicated they could hike short-term rates twice by the end of 2023, and they have also started discussing the slowdown in the bond buying program that is keeping long-term rates low. St. Louis Federal Reserve Chairman James Bullard told CNBC on Friday that his personal prediction was that the first rate hike could come as early as next year.

It’s recognition that a recovering economy with near record high prices for homes and stocks may not need very low rates for much longer. A recent surge in inflation could also increase the pressure. But any pullback in Fed support would be a big change for markets, which have been feasting on ultra-low rates for over a year. It marked a “U-turn on Easy Street,” as strategists at BofA Global Research described it.

This hurt the stocks of banks, oil producers and other companies whose earnings are closely tied to the strength of the economy in particular. On the other hand, stocks of companies capable of growing almost independently of the fortunes of the economy held up better.

The Dow Jones Industrial Average, which is full of companies whose profits move more with the economy, is expected to fall 3.1% this week. It would be his worst since the end of January. The Nasdaq composite, which has more high-growth tech stocks, was virtually unchanged for the week.

Of course, all of the major U.S. stock indexes remain relatively close to their all-time highs as the economy continues to emerge from the recession caused by the pandemic. The S&P 500 is less than 2% below its all-time high set Monday, and the Dow Jones is within 4% of its record set last month.

A measure of stock market nervousness, known as the VIX, rose on Friday, but only returned to its level about a month ago.

Banks are suffering as the spread between short and long-term interest rates narrows, which helped push S&P 500 financial stocks down 2.2% on Friday. This is the largest loss among the 11 sectors that make up the index.

When the spread is large, the industry can make large profits by borrowing liquidity from short-term markets and lending it at long-term rates. But short-term yields have jumped sharply this week after the Fed hinted it could bring forward the timing of rate hikes. The two-year Treasury yield fell to 0.25% on Friday, from 0.23% the day before and 0.16% the week before.

The 10-year Treasury yield, which is less directly affected by the Fed’s movements, ended the week near its starting point, although there were some irregular upward and downward movements in the ‘interval. It stood at 1.44% on Friday afternoon, down from 1.51% on Thursday night, but not far from its level of 1.46% a week earlier.

Pressure on rates helped push JPMorgan Chase down 2.6%, and it was one of the heaviest weights in the S&P 500. Bank of America fell 2.8%.

The rapid recovery in the economy and some supply shortages have recently helped push prices up across the economy, from lumber to airline tickets to used cars. The Fed has said it expects high inflation to be only “transient” and that lumber prices at least have already started to moderate a bit. Much of Wall Street also claims that inflation appears to be only temporary, but part of the Fed’s mission is to keep prices under control.

“You just don’t have the companies that can build the capacity to meet the demand,” said Ken Johnson, investment strategy analyst at the Wells Fargo Investment Institute. “Investors are nervous about this.”

The first step the Fed is likely to take would be a slowdown in its $ 120 billion monthly bond purchases, which help keep mortgages low, but the Fed chairman said such reduction was probably still “a long way off”.

Besides keeping inflation stable, the Fed’s other main job is to keep the job market healthy. Employment has improved, but growth has slowed in recent months.

“It reassures investors that the Fed will not change rates when the economy, from a labor market perspective, is not back to where it was,” Johnson said.

Among the few winners in the market on Friday was software maker Adobe. It rose 1.9% after posting stronger results for the last quarter than analysts had expected and gave encouraging guidance for the current quarter.

Arms maker Smith & Wesson jumped 16.9% after raising its quarterly dividend and reporting stronger-than-expected results for the last quarter.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Most Stocks Fall, Technology Resists As Markets Digest Fed Moves | national https://hudsonberkshireexperience.com/most-stocks-fall-technology-resists-as-markets-digest-fed-moves-national/ https://hudsonberkshireexperience.com/most-stocks-fall-technology-resists-as-markets-digest-fed-moves-national/#respond Thu, 17 Jun 2021 19:12:14 +0000 https://hudsonberkshireexperience.com/most-stocks-fall-technology-resists-as-markets-digest-fed-moves-national/

NEW YORK (AP) – The S&P 500 ended barely changed on Thursday after stocks hovered in mixed trading, as investors brace for a future where the Federal Reserve is no longer doing all it can to keep interest rates very low.

Markets around the world have been mixed but mostly calm after investors in Asia and Europe had their first chance to respond to the crisis. Federal Reserve Report Wednesday that it could start raising short-term interest rates by the end of 2023. The Fed chairman also said that it had started discussing the possibility of slowing its buying program. obligations. Such support has been one of the main reasons for the stock market’s resurgence to record highs, with the most recent coming on Monday.

The S&P 500 slipped 1.84 points, or less than 0.1%, to 4,221.86 after falling from a gain of 0.2% to a loss of 0.7%. Most stocks in the Index and Wall Street were down, but gains from Apple, Microsoft and a few other tech heavyweights helped offset the losses.

The Dow Jones Industrial Average fell 210.22, or 0.6%, to 33,823.45, while the Nasdaq composite rose 121.67, or 0.9%, to 14,161.35, driven by technology gains and other high growth stocks.

In the bond market, the yield on the 10-year Treasury bill returned almost all of its surge from the previous day. It fell to 1.51% against 1.57% Wednesday night.

The two-year yield, which tends to move more with Fed stock expectations, was more stable. It went from 0.21% to 0.22%.

The first step the Fed is likely to take would be a slowdown in its $ 120 billion monthly bond purchases, which help keep mortgages low, but the Fed chairman said such reduction is still probably “a long way off”.

Any easing of Fed aid to the economy would be a big change for markets, which feasted on easy terms after the central bank cut short-term rates to zero and put other programs in place. emergency.

While the economy still needs support, the recovery is proving to be strong enough that it does not need the same emergency measures taken at the start of the pandemic, said Stephanie Link, chief investment strategist and portfolio manager at Hightower.

“We’re going to get a reduction,” she said. “They need it, we don’t need emergency measures right now.”

The economy has started to explode out of its coma as more widespread vaccinations help the world get closer to normal. At the same time, soaring commodity prices are forcing companies across the economy to raise their own prices for customers, from fast food restaurants to used cars.

This is fueling concerns about inflation. Much of the concern is whether the rise in inflation will be temporary, as the Fed predicts, or more durable. The reality could be more mixed. The rise in commodity prices is likely related to increased demand as the economy recovers, but the rise in wages is likely to be more sustainable as employers raise wages to attract workers, Link said.

Investors received somewhat disappointing economic news when the Labor Department said the number of Americans who apply for unemployment benefits last week increased slightly. The total of 412,000 workers claiming unemployment benefits was worse than economists expected. If this turns out to be a trend rather than an aberration, it could push the Fed to hold the line longer on supporting the economy.

Stocks of companies whose earnings are most closely tied to a strong economy and interest rates suffered some of the largest losses in the market.

S&P 500 energy stocks fell 3.5% after the price of crude oil fell.

Banks have struggled after falling long-term yields hurt their prospects for profit from loans. Bank of America fell 4.4% and JPMorgan Chase lost 2.9%.

Commodity producers were also weak, with miner Newmont losing 7% after the price of gold fell 4.7%. Gold tends to struggle when the Federal Reserve raises interest rates.

On the winning side were the large, tech-driven companies, which dominated the stock market for years as they continued to grow almost regardless of the strength of the economy. Amazon grew 2.2%, Microsoft 1.4%, and Apple 1.3%.

Homebuilder Lennar rose 3.6% after reporting second-quarter earnings and earnings above Wall Street expectations.

In Europe, German and French equities edged up, while the FTSE 100 in London fell 0.4%. In Asia, Japan’s Nikkei 225 fell 0.9% and South Korea’s Kospi fell 0.4%, but Hong Kong’s Hang Seng rose 0.4%.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Asian stocks mixed in calm trading ahead of US Fed decision | World https://hudsonberkshireexperience.com/asian-stocks-mixed-in-calm-trading-ahead-of-us-fed-decision-world/ https://hudsonberkshireexperience.com/asian-stocks-mixed-in-calm-trading-ahead-of-us-fed-decision-world/#respond Tue, 15 Jun 2021 18:52:30 +0000 https://hudsonberkshireexperience.com/asian-stocks-mixed-in-calm-trading-ahead-of-us-fed-decision-world/

TOKYO (AP) – Asian stocks were mixed in calm trading on Wednesday ahead of a US Federal Reserve meeting that could give clues as to what lies ahead with its massive support to markets.

Japan released data showing its trade surplus jumped 49.6% in May from a year earlier, but analysts said it was less than expected and highlight how the world’s third-largest economy and its exports may only slowly recover from the pandemic.

Investors are also monitoring data from China on industrial production and retail sales for clues on the health of the regional economy.

Japan’s Nikkei 225 slipped nearly 0.3% early in trading to 29,359.31. South Korea’s Kospi rose 0.4% to 3,272.11. The Australian S & P / ASX 200 gained 0.3% to 7,403.40. The Hong Kong Hang Seng edged down 0.1% to 28,603.84, while the Shanghai Composite was little changed, advancing less than 0.1% to 3,557.48.

“Asian markets are calm ahead of the Fed,” said Robert Carnell, regional head of Asia-Pacific research at ING. “China’s data dump may shake things up a bit today, but the focus will be on the Fed’s message and any clues it might give.”

On Wall Street, the S&P 500 fell 0.2% to 4,246.59 as the Federal Reserve entered a two-day meeting on interest rates and other policies. A day earlier, the index hit a record high amid optimism about the economy.

The Dow Jones Industrial Average lost 0.3% to 34,299.33. The Nasdaq composite fell 0.7% to 14,072.86.

The S&P 500 was down 0.4% earlier today, after a report showed wholesale inflation jumped last month by even more than economists expected. Prices for producers were 6.6% higher in May than a year earlier, the highest since 2010 and the latest evidence that inflation is skyrocketing across the economy.

The fear is that if higher inflation takes hold, the Fed could pull back the $ 120 billion in monthly bond purchases it has pledged to keep mortgages cheap and interest rates at. long-term low, and could raise short-term interest rates to their all-time low. .

The Fed has so far said it sees higher inflation as temporary. He will announce his last decision on interest rate policy Wednesday afternoon.

“From a pricing perspective, we are seeing inflationary pressure, and we think the jury is still out on when and to what extent we will see a leveling or if this new higher price standard is cemented,” said Greg Bassuk. , founder and CEO of AXS Investments.

Most economists expect the Fed to say again on Wednesday that it considers the rise in inflation to be only temporary, which would allow it to maintain its support for the markets. But they also say that Wednesday afternoon may offer the first sign the Fed is considering when to start slowing its bond buying.

Many investors agree with the Fed’s view that higher inflation will not last very long and that this is the expected outcome of an economy escaping pandemic lockdowns. According to BofA Global Research, a survey of fund managers found that 72% of respondents say inflation is only “transient”. This makes the majority say that any future drop in stock prices would likely be less than 10%.

There are few signs that inflation could slow in parts of the economy. Wood and copper prices have fallen from their highs a few weeks ago. Copper fell 4.3% on Tuesday, and shares in miner Freeport-McMoRan fell 4.8%.

Other reports on the economy on Tuesday painted a mixed picture. Retail sales fell 1.3% in May from April, collapsing after gaining 0.9% the month before, for a much steeper drop than economists expected.

This is likely due in part to the dampening effect of payments the U.S. government sent to households earlier this year, which boosted spending in March and April. But economists said it could also be a sign that Americans are buying less and spending more on travel, dining and other services as the economy reopens.

In energy trading, benchmark US crude gained 62 cents to $ 72.74 a barrel in electronic trading on the New York Mercantile Exchange. It gained $ 1.24 Tuesday to $ 72.12 a barrel. Brent crude, the international standard, added 64 cents to $ 74.63 a barrel.

In currency trading, the US dollar rose from 110.07 yen to 110.09 Japanese yen. The euro cost $ 1.2122, compared to $ 1.2127.


AP Business Writers Damian J. Troise and Stan Choe contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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3 dividend-paying stocks you can trust to pay you https://hudsonberkshireexperience.com/3-dividend-paying-stocks-you-can-trust-to-pay-you/ https://hudsonberkshireexperience.com/3-dividend-paying-stocks-you-can-trust-to-pay-you/#respond Sat, 12 Jun 2021 12:18:00 +0000 https://hudsonberkshireexperience.com/3-dividend-paying-stocks-you-can-trust-to-pay-you/

WWhen looking for dividend paying stocks, there are a few things to consider. Of course, you want a company that has an attractive dividend yield, and anything above 2% to 3% is generally considered good enough. However, high return isn’t everything – you also want to make sure the company has a history of steady profit growth. Rising profits provide a company with stability, which not only allows them to pay consistent dividends, but also to increase those payouts consistently.

These characteristics are ideal for dividend-paying stocks, and that’s why Arbor Real Estate Trust (NYSE: ABR), Cincinnati Financial (NASDAQ: CINF), and United Bankshares (NASDAQ: UBSI) are all great dividend paying stocks that you can trust to pay you year after year.

Arbor Realty: A High Yield REIT

Arbor Realty is a real estate investment trust (REIT) focused on the collective housing sector, with 81% of its total loan portfolio made up of these loans. The multi-family housing space has high barriers to entry, which gives Arbor Realty a competitive advantage and ensures stable income.

Multi-family loans tend to be less cyclical than single-family homes, which can fluctuate depending on market conditions. During a recession, individuals are less likely to take out mortgages for single-family units. However, housing is still in need, and these people would be more likely to turn to multi-family rental housing. This is why multi-family dwellings tend to withstand recessionary conditions better than single-family dwellings.

Image source: Getty Images.

Not only that, but multifamily loans are protected against prepayment. This means that you don’t see a big refinance rush in the space when rates are lowered. As a result, profits do not fluctuate as widely as single-family real estate companies.

Arbor Realty has done a good job growing its loan portfolio, which has grown 29% on a compound annual basis since 2015. This strong portfolio growth has resulted in growth in net interest income of 15% compounded annually and 29% of earnings compounded with net income. since 2015. With its blazing growth rate, Arbor Realty has been increasing its dividend payout for nearly a decade in a row and paying investors a 7.1% return to boot, making it a dividend-paying stock. high yield you can trust.

Cincinnati Financial: a king of dividends

Insurance companies are another good source of income from stocks. This is because insurance is a relatively simple business – businesses underwrite policies, and if they manage risk properly, they make an underwriting profit. With these excess profits, companies put money to work in the financial market to generate some form of investment income. Insurance companies can be a cash cow and a great source of return in your portfolio, which is why Warren Buffett has often called the insurance industry Berkshire Hathaway‘s “most important sector. “

Cincinnati Financial is a P&C insurer that has increased its dividend payments for 61 consecutive years. This makes him a member of the exclusive The kings of the dividend group of actions. A Dividend King is a company that has increased its dividend payout for at least 50 years in a row, and only 27 companies currently hold the stock.

The insurer has managed to increase its dividends for so many years thanks to its management of capital and the writing of profitable policies. Last year, the company posted a combined ratio of 98.1%. Combined report is an important measure of profitability in the insurance industry; anything less than 100% means you are making a subscription profit. Over the past five years, Cincinnati Financial has achieved an average combined ratio of 96.1%.

As a result, it has seen its earned premiums increase at a compound annual growth rate of 6.2%, above its industry average. The continued growth in premiums coupled with profitable underwriting makes Cincinnati Financial another trustworthy income security that is earning investors a solid 2.1%.

United Bankshares: the unrecognized income share

United Bankshares is not a Dividend Aristocrat, but it is not for lack of increasing its dividends. The regional bank has increased its dividend for 47 consecutive years. The only reason it is not included in the Dividends Aristocrats is because it is not an S&P 500 company, making this regional bank a the dividend pillar under the radar.

A person exchanges money with a bank teller.

Image source: Getty Images.

Last year, he increased his net profit by 11.1% despite the pandemic. This was boosted by its mortgage banking business, as well as its expansion into the Carolinas with the purchase of Carolina Financial.

In the first quarter of this year, interest income increased 14% from last year to $ 206 million. The bank benefited from a drastic reduction in provisions for credit losses as well as income from mortgage banking activities. This allowed net income to rise 166% from last year to $ 107 million.

United Bankshares has also done a remarkable job of increasing net interest income and net income over the past decade, achieving compound annual growth rates of 10% and 14%, respectively. Not only that, but it is earning a solid 3.7% dividend yield, making it another solid dividend stock you can trust.

10 stocks we prefer at Cincinnati Financial
When investment geniuses David and Tom Gardner have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

David and Tom have just revealed what they believe to be the ten best stocks for investors to buy now … and Cincinnati Financial was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on June 7, 2021

Courtney carlsen has no position in any of the stocks mentioned. The Motley Fool owns shares and recommends Berkshire Hathaway (B shares). The Motley Fool recommends the following options: $ 200 long calls in January 2023 on Berkshire Hathaway (B shares), $ 200 short buys in January 2023 on Berkshire Hathaway (B shares), and $ 265 short calls in January 2023 on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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This is why some Snowflake investors are worried https://hudsonberkshireexperience.com/this-is-why-some-snowflake-investors-are-worried/ https://hudsonberkshireexperience.com/this-is-why-some-snowflake-investors-are-worried/#respond Sat, 12 Jun 2021 12:00:00 +0000 https://hudsonberkshireexperience.com/this-is-why-some-snowflake-investors-are-worried/

In today’s video I watch fundamentals, valuation measures and recent news for Snowflake (NYSE: SNOW). On June 10, 2021, Snowflake released its investor presentation, and the company is forecasting approximately $ 10 billion in revenue for its fiscal year (FY) 2029. Below, I share some highlights from the video.

  1. Future income projections could cause some investors to question the company’s current valuation of $ 71 billion. It’s important to note that so much can happen between now and Snowflake’s 2029 fiscal year that these projections can change in record time and make the company more or less attractive in terms of price.
  2. Snowflake management estimates that even by fiscal 2029, Snowflake will still be an impressive growth machine with approximately 30% year-over-year revenue growth and an adjusted free cash flow margin. by 15%.

Click on the video below for my full thoughts and analysis.

* The stock prices used were the midday prices of June 11, 2021. The video was published on June 11, 2021.

10 stocks we prefer over Snowflake Inc.
When investment geniuses David and Tom Gardner have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

David and Tom have just revealed what they believe to be the ten best stocks for investors to buy now … and Snowflake Inc. was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on June 7, 2021

Jose najarro has no position in any of the stocks mentioned. The Motley Fool owns stock and recommends Snowflake Inc. The Motley Fool has a disclosure policy. Jose is a subsidiary of The Motley Fool and may be remunerated for the promotion of its services. If you choose to subscribe via his link, he will earn extra money to support his channel. His opinions remain his own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Why Palantir shares are popular with some investors https://hudsonberkshireexperience.com/why-palantir-shares-are-popular-with-some-investors/ https://hudsonberkshireexperience.com/why-palantir-shares-are-popular-with-some-investors/#respond Thu, 10 Jun 2021 18:17:29 +0000 https://hudsonberkshireexperience.com/why-palantir-shares-are-popular-with-some-investors/

InvestorPlace – Stock News, Stock Tips & Trading Tips

Palantir (NYSE:PLTR) is a widely followed action and is a cult favorite on Reddit r / WallStreetBets and elsewhere. The daily trading volume of PLTR shares is often around 50 million shares.

Source: Ascannio / Shutterstock.com

Considering the unfavorable valuations of the company, insider selling and lack of profitability, why do the markets like this stock so much?

PLTR Stock is considered by some to be the next Facebook

Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen and Alex Karp founded Palantir in 2003. Thiel being an early angel investor in Facebook (NASDAQ:FB), some investors concluded that Palantir would be a big winner.

PLTR’s stock has already nearly doubled since its IPO. But after falling from its high of $ 45, the stock was hit by the Nasdaq sudden correction that started in February. Still, the small contracts Palantir won continued to fuel sentiment towards the name.

After winning over clients in the military, government and health sectors, Palantir received on May 28 a $ 111 million contract by the United States Operations Command. He chose Palantir because of his previous use of the company’s platform for real-time missions. Palantir’s software will aggregate data from different sources to enable better decision making.

Palantir’s global chief defense officer said, “When special operators risk their lives in safe scenarios, they deserve technology that works. The confident tone of the executive is supported by the company’s past contracts with the government. Expect more such offers from Palantir, and be prepared for his contracts to expand over time.

On May 24, Palantir said the US Space Force gave the company a $ 32.5 million contract, expand the partnership of entities

Strong first quarter results

For the first quarter, Palantir reported that its sales jumped 49% year-on-year, reaching $ 341 million. Its free cash flow, excluding certain items, jumped $ 441 million year-on-year to $ 151 million.

Palantir posted a net loss per share of 7 cents in the first quarter, but its earnings per share, excluding certain items, was 4 cents. Analysts on average expect the company’s EPS to be 21 cents next year, so PLTR stock has a very expensive futures price-to-earnings ratio of 116.6 times.

Only 5.1% of shares are being short-sold, so investors should not expect PLTR shares to benefit from a short-squeeze. Fortunately, however, the stock is a favorite with retail investors.

Palantir has promising software solutions and believes it is well positioned to use machine learning and artificial intelligence to improve its offerings. As the company’s technology improves, its predictive capabilities will also increase.

Risks

Palantir does not have products that are easy to understand for its customers. In addition, Palantir must not only continue to reward its talented staff with stock-based compensation, but it must also constantly hire new employees. This is because the company needs more support and engineering staff to help its customers implement its products. As a result, Palantir’s results are expected to continue to come under pressure.

To buy and profit from PLTR shares, investors must hold them for at least five years. The stock can fluctuate in increments of $ 5 to $ 10, providing traders with easy profits. But investors who hold the stocks should expect their losses to increase in the short term. Current Palantir customers could make new deals with the company, while it will likely continue to add more, increasing its revenue in the long run.

The fair value of Palantir shares

Analysts rate the PLTR stock as a “sell” and the fair value calculated by the model I used is $ 17.05, below the current stock price. This last point indicates that stocks could go down.

Stockrover data

Palantir also scores poorly in terms of evaluation. Despite these issues, the company could announce a multi-billion dollar deal in the future, sending the title to new heights.

The bottom line

Palantir is an expensive software store. But its valuations shouldn’t worry growth investors who are willing to hold stocks for a few years. Over the years, Palantir will prove itself, allowing the PLTR share to grow steadily and reward patient shareholders.

The post office Why Palantir shares are popular with some investors appeared first on Investor place.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Mortgages – Notice – Section 22 – Massachusetts Lawyers Weekly https://hudsonberkshireexperience.com/mortgages-notice-section-22-massachusetts-lawyers-weekly/ https://hudsonberkshireexperience.com/mortgages-notice-section-22-massachusetts-lawyers-weekly/#respond Wed, 09 Jun 2021 17:03:25 +0000 https://hudsonberkshireexperience.com/mortgages-notice-section-22-massachusetts-lawyers-weekly/

Housing court

Where a plaintiff who was the highest bidder in a foreclosure sale brought a summary conviction action to recover possession of the foreclosed property, the complaint should be dismissed because the foreclosure sale was void for non- strict compliance with the notice provision set out in Article 22 of the mortgage. “The accused Edouard …




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Most Risky Housing Markets – 24/7 Wall St. https://hudsonberkshireexperience.com/most-risky-housing-markets-24-7-wall-st/ https://hudsonberkshireexperience.com/most-risky-housing-markets-24-7-wall-st/#respond Mon, 07 Jun 2021 17:00:45 +0000 https://hudsonberkshireexperience.com/most-risky-housing-markets-24-7-wall-st/

Real estate is one of the few sectors to have thrived during the COVID-19 pandemic. Sales of existing homes in 2020 hit their highest levell in almost a a decade and a half – and increasing demand has pushed up house prices. Median home sales hit a decades-long high of $ 278,000 in the first quarter of 2021, up 17.7% from the previous year, according to ATTOM Data Solutions.

Despite a strong housing market, there are still many counties where the housing market is at increased risk from the impact of the pandemic, either directly or indirectly.

These areas have above-average foreclosure rates and shares of homes with above-average underwater mortgages, meaning that the value of outstanding loans exceeds the total value of the property. Some of these markets are also much less affordable than average with high home ownership costs relative to local incomes.

Based on an index of these three metrics – foreclosure rate, share of underwater mortgages, and affordability – at the county level, 24/7 Wall St. identified the most risky housing markets. All data in this story was compiled in the first quarter 2021 Coronavirus Special Report ATTOM Data Solutions, a real estate and real estate data company.

Many of the counties on this list are located in the eastern United States, stretching from Florida through the mid-Atlantic to New England. The pandemic has taken above-average economic and public health devastation in some of these counties. County in every state with the most COVID-19 deaths.

“The pandemic remains significant and may pose a threat to the progress made so far and, by extension, could affect sales of homes andd price, ”said Todd Teta, product manager at ATTOM in a press release. Indeed, the housing market is booming, but many American homeowners remain vulnerable.

Click here to see the most risky housing markets.

To determine the most sensitive housing markets, 24/7 Wall St. examined data from ATOM Data Solutions First Quarter 2021 Coronavirus Special Report on the susceptibility of county-level housing markets to risks associated with the coronavirus pandemic. The counties were ranked based on a composite index of the percentage of residential properties foreclosed in the first quarter of 2021, the percentage of average local wages needed to cover major expenses related to the owning a median priced home in the first quarter of 2021, and the percentage of properties with outstanding mortgage balances above their estimated market values ​​in the fourth quarter of 2020, i.e. underwater mortgages. All components of the index come from ATTOM data solutions and were weighted equally. Supplementary data on unemployment and the labor force come from the Bureau of Labor Statistics and are not seasonally adjusted.


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