NMI Holdings, Inc. (NMIH), the parent company of?National Mortgage Insurance Corporation?, today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements released by?Fannie Mae?and?Freddie Mac?, and the?Federal Housing Finance Administration? on?August 21, 2024.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements released by Fannie Mae and Freddie Mac, and the Federal Housing Finance Administration on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026.
The minutes from the July Federal Open Market Committee meeting indicate that policymakers are leaning toward making the first interest rate cut in over four years at the upcoming September meeting, driven by ongoing progress in curbing inflation.
Editor?s note: This story has been updated to correct a reference to January 2025 in comments from Comerica Bank?s chief economist. The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to economists.
The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to economists. ?A weaker-than-expected job market could pave the way for the Fed to cut by a half percentage point in September,? said Jeffrey Roach, chief economist for LPL Financial.
The National Association of Bond Lawyers will give out two separate awards to Rep. Dutch Ruppersberger and longtime muni lawyer David Cholst, for their contributions to the organization and industry over the last four decades.
Midwest bond sales ticked 1.8% higher by volume in the first half of 2024, to $34.377 billion as the region missed out on the big gains in volume nationwide.
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Neutral? zone on Tuesday. U.S. stocks settled lower on Tuesday, with the S&P 500 and Nasdaq snapping their eight-session winning streaks.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Neutral? zone on Tuesday. U.S. stocks settled lower on Tuesday, with the S&P 500 and Nasdaq snapping their eight-session winning streaks.
TAL Education Group (TAL) shares closed Tuesday down 5.30% at $8.58. Shares of U.S.-listed Chinese companies are trading lower after China?s central bank left its one-year and five-year loan prime rates unchanged at?3.35%?and?3.85%,?respectively.
The bond market of emerging economies has experienced a strong upswing in recent sessions, driven by rising expectations that the Federal Reserve is nearing a policy shift toward cutting interest rates.
"Investor reception will remain the ultimate arbiter of muni performance and ? the current state of the tax-exempt space to be well-positioned, even though munis are likely to continue to underperform USTs," said Jeff Lipton, a research analyst and market strategist.
Federal Reserve Gov. Michelle Bowman said she has concerns about an uptick in inflation and will need to see more positive data before supporting an interest rate cut.
Clyde, Texas, missed payments on certificates of participation due Aug. 1, the same day it declared a water emergency. Bond insurers are paying the holders.
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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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