247 Closers

Recent executive orders are reshaping the federal workforce. Trump's orders aim to reclassify many federal workers, removing civil service protections. Key developments include: 1. Reclassification of "policy-related" positions to "Schedule Policy/Career," making them at-will employees. 2. NTEU's lawsuit contends the orders violate established employment protections. 3. A federal hiring freeze is set, excluding specific critical sectors. 4. An initiative requests lists of probationary employees, hinting at potential layoffs. 5. Concerns rise over the politicization of the civil service and erosion of merit-based hiring. These actions could fundamentally alter federal employment. Your thoughts on the impact? ?? Repost if you want more transparency in government actions. P.S. Understanding these changes helps us navigate the evolving job landscape.

WaFd Bank's monumental shift: exiting single-family mortgage lending after more than a century. Announced in their 2025 fiscal Q1 report, WaFd is stepping back from traditional home loans. Here's why they're making the move: - Home loans have become commodities, with 70% sold to government entities, impacting profit and credit risk. - Tech advancements make refinancing easy, boosting interest rate risks. - Regulatory demands, highlighted by a less-than-stellar CRA rating, add pressure. Workforce changes are part of this transition: - An 8% workforce reduction, affecting 174 of roughly 2,175 employees. Financially, the bank is making smart moves: - Recorded a $5.4 million restructuring expense, but anticipates $17 million in annual savings by June 2025. Customers need not worry: - All current home loans and HELOCs remain, ensuring continuity. WaFd's future is focused on: - Business banking - Commercial real estate lending - New SBA lending products This is not just an exit, but a strategic pivot to drive future growth. Are you prepared for the possibilities of business banking? ?? Share this to inform your network! P.S. Here’s to new beginnings and smarter strategies!

The U.S. housing market is undergoing dynamic shifts. In October 2024, housing starts dropped to 1.311 million units. Here's a snapshot of the latest trends: - Total housing starts have averaged 1.355 million units, marking a -3.4% decline from last year. - Single-family starts are up by +8.3%, while multi-family starts have plunged by -28.0%. - Regionally, the Northeast boasts an +8.2% increase, but the West and South face declines. - Noteworthy city permit surges include Kansas City

Big decisions at the Federal Reserve are shaking up the financial landscape. The Fed recently cut interest rates again, marking its third reduction since September. Here's what you need to know: 1. December 2024 saw a 0.25% rate cut, now at 4.25%-4.5%. 2. Only two rate cuts planned in 2025, as inflation concerns loom. 3. Inflation forecasts for 2025 increased to 2.5%. 4. GDP growth is projected stronger at 2.5% for 2024. 5. The Fed's "pause phase" leads to market fluctuations. We’re watching these shifts closely as they impact the economy's pulse. Stay informed. Stay prepared. ?? Repost if you're keeping an eye on Fed changes. P.S. Ever wondered how these decisions impact your savings? Let's discuss in the comments!

Change is in the air at the FHFA! Sandra Thompson is leading the charge as the first Black woman at the helm, bringing over 30 years of financial regulatory experience to the agency. Under her leadership, the FHFA has: - Collaborated with industry stakeholders through listening tours. - Implemented new affordability benchmarks and inclusive underwriting processes. - Strengthened the financial conditions and corporate governance of the GSEs. Facing challenges, Thompson has addressed key issues: - Tackling the brain drain at the GSEs by fostering innovation and inclusivity. - Conducting a thorough review of the Federal Home Loan Bank System. Her leadership style has gained support from notable figures but also faced controversies, such as the pushback over the Title Acceptance Pilot. Despite these challenges, her focus on sustainable credit access remains steadfast. Sandra Thompson's leadership is reshaping the FHFA, ensuring it is more inclusive and robust. Curious about the changes in housing finance? Share your thoughts below! ?? P.S. Watching Thompson's initiatives? I'm inspired by her commitment to inclusivity and equity in housing finance.

Flood insurance is more crucial now than ever. Consider the recent updates on the Federal Flood Insurance Program

In this episode, we dive into the world of notary services, exploring proven marketing strategies for success. We discuss the significance of leveraging digital platforms, including SEO and social media, to reach a broader audience. Additionally, we highlight the importance of local networking, exceptional customer service, and adapting to market changes to ensure growth and prosperity in the notary industry. Check out the latest episode of The Notary Nuggets Podcast (AI Audio Experience) ???

Regulations are reshaping the banking landscape in real-time. Staying ahead is key for financial institutions to thrive. Here are some pivotal updates: - Basel III Reforms: New rules aimed at enhancing capital requirements for large banks. Comment period closed on Nov 30, 2023. Finalization expected by mid-2024, with implementation in July 2025. - NCUA's 2025 Focus: Priorities include consumer protection compliance and risk management. No public comment period for these directives, yet they guide current examinations. - Fed Payment Services Pricing: From Jan 2025, expect a 2.8% price rise for services like check clearing and ACH transactions, covering over 104.1% of incurred costs. - Credit Union Acquisitions: The ABA pushes for transparency in deals involving credit unions acquiring banks, potentially leading to new rulemaking with space for public input. - AI in Finance: A hot topic with regulatory bodies assessing AI's role in operational efficiency and customer service. Frameworks might see updates, focusing on governance and risk. Adaptation and vigilance are crucial as these changes unfold. Engage in these topics by sharing your perspectives. ?? Share this with colleagues to spread awareness. P.S. Navigating these regulatory shifts requires collaboration and insight. Let's stay informed together!

In this episode, we explore conversational marketing's transformative impact on notary businesses. Learn how personalized interactions, chatbots, and real-time communication can attract and engage clients. Discover strategies to build trust, enhance customer experience, and turn your notary service into a client magnet. Unlock the hidden power of conversations to drive growth and elevate your business to new heights. Check out the latest episode of The Notary Nuggets Podcast (AI Audio Experience) ???

Insurance in California is changing dramatically. Wildfire catastrophe models are now part of the mix. Here’s what you need to know: - Insurers can now use catastrophe models for ratemaking. These combine historical and scientific data for accurate predictions. - Big insurers are required to cover 85% of their market in high-risk wildfire areas. Smaller insurers must increase coverage incrementally. - Mitigation efforts are now factored into policies, promoting "Safer from Wildfires." - Ensuring model integrity and public engagement, a model advisor will lead the charge, with ongoing public sessions for feedback. - The use of models is expanding to other risks, like floods, to improve stability and profitability. This integration marks a shift towards innovative and inclusive insurance practices. Stay informed and engaged—share your thoughts and share this post! ?? P.S. It’s exciting to see how technology shapes the future of insurance. What are your thoughts on these models?