Mon.Oct 31, 2022

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Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September

Calculated Risk

Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.69% in September from 0.72% in August. The serious delinquency rate is down from 1.62% in September 2021. This is close to pre-pandemic levels. These are mortgage loans that are "three monthly payments or more past due or in foreclosure". The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.

Portfolio 363
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Why Multifamily Investments Are a Good Option When Inflation Runs Wild

Wealth Management

With stubborn inflation, investment triggers feel harder to pull in 2022. Multifamily real estate is a strong option.

Investing 306
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Housing October 31st Weekly Update: Inventory Increased, New High for 2022

Calculated Risk

Active inventory increased again, hitting another new peak for the year. Here are the same week inventory changes for the last four years ( usually inventory is declining at this time of year ): 2022: +5.2K (still increasing!) 2021: -9.1K 2020: -6.6K 2019: -9.9K Inventory bottomed seasonally at the beginning of March 2022 and is now up 139% since then.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Is the Stock Market Gaslighting Us? A downturn in the market doesn’t always precede a downturn in the economy. Yes, the stock market is forward-looking, but sometimes it sees things that aren’t there. At its low, the S&P 500 was 25% below its high. It’s hard to completely dismiss this as a leading indicator and I’m not here to do that, but while most drawdowns of this magnitude have led to economic contractions, they haven’t always. ( Irrelevant Inv

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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Edward Jones’ Pennington Joins FINRA Board of Governors

Wealth Management

Pennington was elected during a special meeting on Monday, and she will take over the seat vacated by ProEquities' Christopher Flint after he resigned in July.

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Four High Frequency Indicators for the Economy

Calculated Risk

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of October 30th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).

Economy 264

More Trending

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Year-over-year Pace of Rent Increases Continues to Slow

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Year-over-year Pace of Rent Increases Continues to Slow A brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. All of these measures are through September 2022 (Apartment List through October 2022). Note that new lease measures (Zillow, Apartment List) dipped early in the pandemic, whereas the BLS measures were steady.

Marketing 248
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Paying It Forward: Ensuring Your Beneficiaries Get Full Rights to Your Mineral Assets

Wealth Management

Holding on to generational assets like mineral rights, rather than selling them off before you pass on, could hold several benefits for your beneficiaries.

Assets 264
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Q3 2022 GDP Details on Residential and Commercial Real Estate

Calculated Risk

The BEA released the underlying details for the Q3 advance GDP report on Friday. The BEA reported that investment in non-residential structures increased at a 3.7% annual pace in Q3. Investment in petroleum and natural gas structures increased in Q3 compared to Q2 and was up 22% year-over-year. Click on graph for larger image. The first graph shows investment in offices, malls and lodging as a percent of GDP.

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More Than a Third of U.S. Small Businesses Couldn’t Pay All Their Rent in October

Wealth Management

About 37 percent of small businesses, which between them employ almost half of all Americans working in the private sector, were unable to pay their rent in full in October. That’s according to a survey from Boston-based Alignable, a network of 7 million small business members.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Tuesday: ISM Mfg, Construction Spending, Vehicle Sales

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher To Start The Week. More Volatility Ahead Mortgage rates are fresh off their best week since at least July and their best winning streak (in terms of consecutive days moving lower) in well over a year. The price of admission happened to be the highest rates in more than 20 years, so the recent improvements were really nothing more than a balancing act. [ 30 year fixed 7.13% ] emphasis added Tuesday: • At 8:00 AM ET, Corelo

Sales 130
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How to Determine Whether Your 401(k) Record-Keeper Is About to Exit

Wealth Management

Follow the wholesalers.

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Adviser links: the paradox of Social Security

Abnormal Returns

Podcasts Daniel Crosby talks with Tim Maurer about helping clients to articulate their life purpose in a practical way. (standarddeviationspod.com) Michael Kitces talks 'surge onboarding' with Chad Chubb, founder of WealthKeel. (kitces.com) Brendan Frazier talks with Derek Hagen, founder of Money Health Solutions, about viewing money as a tool vs. a goal.

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Hotel Asset Managers Optimistic About Near-Term Sector Outlook

Wealth Management

In spite of concerns over inflation and potential recession, as well as some lagging pandemic effects, hotel asset managers expect RevPAR levels to exceed 2019 figures.

Assets 246
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Building A (Modern) Client Service System Model To Deliver Value More Efficiently, Profitably, And Enjoyably

Nerd's Eye View

While many financial advisors may have focused primarily on portfolio management at one time, the evolution of the financial planning profession has opened up an ever-growing number of services that advisors now offer to their clients on a regular basis. While this shift has allowed advisors to charge a premium fee for high-quality service, it has also resulted in increased workloads, especially as the number of clients that advisors serve (and the types of issues that are brought to the table)

Clients 130
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10 Must Reads for the CRE Industry Today (Oct. 31, 2022)

Wealth Management

CBRE is laying off some of its workforce as part of a $400 million cost-reduction plan, reports Bisnow. Meta will spend $3 billion in lease terminations and other fees as part of a plan to shrink its office footprint, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.

Planning 246
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Momentum Factor Investing: 30 years of Out of Sample Data

Alpha Architect

In this article, the author examines the research published over the last 30 years on momentum and its theoretical credibility. One of the original momentum articles was published by Jegadeesh and Titman in 1993, and is considered the seminal work on the topic. The research review contained in this publication begins with the 1993 work and confines itself to only the highest quality journals among the plethora of work that has been published on momentum.

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Michael Kitces' #FASuccess Podcast: Jared Siegel on Focusing on Your Core Business and Outsourcing the Rest

Wealth Management

Delap Weal Advisory's Jared Siegel details how he's able to concentrate on the "fun" stuff—creating a high-quality, high-touch financial planning experience for his clientele—by oursourcing the middle- and back-office operations at his firm.

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

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Know Thyself

Getting Your Financial Ducks In A Row

Photo credit: coop. This ancient two-word phrase, attributed to several Greek luminaries ranging from Socrates to Pythagoras, implores the reader toward introspection. This introspection can be especially helpful when considering how we feel about our financial future – particularly when we are at extremes of emotion. The recent stock market activity has given us plenty of opportunities to experience extremes of emotion… but then again, you can pretty much choose any time period and make a

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11 Must Reads for the CRE Industry Today (Nov. 1, 2022)

Wealth Management

Regional mall operator Macerich reported strong leasing and cash flow metrics for its latest financial quarter, according to Chain Store Age. GlobeSt.com asks when tenants will gain back power in the apartment rental market. These are among today’s must reads from around the commercial real estate industry.

Marketing 246
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You Maxed Out Your 401(k) – What Should You Do Next?

Your Richest Life

Your 401(k) is a valuable part of your retirement plan, but it’s only one piece of the puzzle. . There are many benefits that come along with a 401(k,) including pretax or Roth 401(k) salary contributions (or both,) company matching, and tax-deferred accruals. And for many people, a 401(k) is where they focus most of their retirement savings. That being said, there are some downsides to relying exclusively on a 401(k) for retirement savings.

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Will the Dark Store Distribution Strategy Survive Past the Pandemic?

Wealth Management

The conversion of empty retail stores to mini warehouses expected to wane as in-store shopping makes a comeback.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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How to sniff out a lying grifter in a Form ADV

Sara Grillo

In this blog, Scott Salaske of Firstmetric and I discuss the proper way to read a Form ADV so that you can get the information you need to make an informed choice and avoid working with a financial advisor who is a lying, deceptive grifter. This is super important for anyone looking to pick a good financial advisor. Don’t go about this decision without doing your research, people!

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How to Determine if Your 401(k) Record Keeper Is About to Exit

Wealth Management

Follow the wholesalers.

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Weekly Market Insight – October 31, 2022

Cornerstone Financial Advisory

Presented by Cornerstone Financial Advisory, LLC. Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in economic growth. The Dow Jones Industrial Average rose 5.72%, while the Standard & Poor’s 500 advanced 3.95%. The Nasdaq Composite index added 2.24% for the week.

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Penny Phillips on Differentiating Your Financial Advisory Practice

Wealth Management

Penny Phillips, president and co-founder of Journey Strategic Wealth, explains the importance of understanding your unique value proposition.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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4-step process to define your audience

Investment Writing

Do you take the time to define the audience for whom you’re writing? Writers who don’t do this before writing may produce content that doesn’t hit the mark. On this blog, and in my financial blogging book , I suggest how to narrow down your audience. However, I’m always looking for new approaches. That’s why I was intrigued by the chapter on “How to Define Your Audience” in How to Write and Present Technical Information by Charles H.

Education 104
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Samantha Russell on Driving Client Engagement

Wealth Management

Samantha Russell, chief evangelist at FMG Suite, explains the benefits of serving timely information via zero-click content.

Clients 147
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Frozen IPO Market Reveals Dangers of Pre-Spending a Windfall

Darrow Wealth Management

The Instacart IPO is on hold…again. What should employees with stock options do when their employer’s IPO stalls? In truth, best practices around an IPO are sometimes skewed towards what not to do. If you have stock or options from a company that’s about to go public, there may be a temptation to include a future sudden wealth event into current financial decisions.

Marketing 104
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Wynn Resorts Surges After Billionaire Fertitta Takes 6.1% Stake

Wealth Management

Fertitta has a deep understanding of the gambling and hospitality industries -- and now a toehold in one of the industry’s marquee names. The Houston-based investor and businessman owns the Golden Nugget casinos, the Landry’s Seafood chain and the NBA’s Houston Rockets.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.