The Mortgage Calculator Delivers Real-Time Jumbo Loan Rates with Over 5,000 Loan Program Options
Miami, FL November 16, 2024 –(PR.com)– The Mortgage Calculator, a licensed lender, has expanded its jumbo loan offerings with real-time rate integration across more than 5,000 unique loan programs. Jumbo loans, which exceed conventional loan limits set by government-sponsored enterprises (GSEs), are a vital tool for financing luxury homes and high-value properties. The Mortgage Calculator’s platform combines competitive pricing with innovative tools to simplify the lending process for borrowers.
Jumbo loans are ideal for financing properties that exceed the conforming loan limits established by the Federal Housing Finance Agency (FHFA). These limits typically vary by location, with the ceiling in most high-cost areas set at $1,089,300 for 2024. Jumbo loans are considered non-conforming mortgages, requiring more flexible and customized solutions.
Key Features of Jumbo Loan Programs at The Mortgage Calculator:
Live Rates for 5,000+ Programs: Real-time rate updates for all jumbo loan options ensure borrowers have access to the most current market conditions.
Full Documentation and Non-QM Options: Includes traditional full-doc loans and flexible Non-QM solutions such as bank statement loans, 1099 loans, profit and loss statement loans, and asset-based loans.
Tailored Financial Solutions: Suitable for financing primary residences, second homes, and investment properties.
“Access to live rates across thousands of loan programs gives borrowers unparalleled transparency,” said Jose Gonzalez, CSO of The Mortgage Calculator. “Whether seeking a full-doc loan or a Non-QM solution, borrowers can make informed decisions with confidence.”
Self-employed borrowers and those needing alternative documentation methods can explore dedicated Non-QM options, such as Self-Employed Bank Statement Loans, Asset-Based Loans, and P&L Statement Loans. Real-time rate updates for all these programs, including jumbo options, are available on The Mortgage Calculator Jumbo Mortgage Rates page.
About The Mortgage Calculator
The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access both Conventional and Non-QM mortgage loan programs with over 100 banks and partners. Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. Our team of over 500 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!
To apply for a mortgage please visit https://themortgagecalculator.com
Mortgage Calculator Company LLC
NMLS#: 2377459
2125 Biscayne Blvd Suite 220
Miami, FL 33137
Contact Information:
The Mortgage Calculator
Kyle Hiersche
786-733-1993
Contact via Email
themortgagecalculator.com
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Interior Pick Burgum Named Trump's Energy Czar
President-elect Donald Trump has made several key appointments to bolster U.S. leadership in energy production, with one of the most notable being Interior Secretary-designate Doug Burgum to head a newly created National Energy Council.
Politico reports that the selection of Burgum, currently governor of North Dakota, for the position underscores Trump’s commitment to revitalizing America’s energy sector and enhancing the country’s energy independence.
The Energy Department has always played a pivotal role in ensuring national security and economic stability, particularly as global energy demands rise. Trump has not yet named a nominee to head that department.
As energy consumption continues to rise, especially with the growing demand for electricity driven by emerging technologies like artificial intelligence (AI), maintaining a robust and reliable energy infrastructure is essential for economic growth and national security.
Also Read: Net Zero By 2050 Might Cost The World $78 Trillion, Wood Mackenzie Estimates
In his new role, Burgum will have a broad mandate, overseeing all forms of U.S. energy production and distribution. Trump has positioned him as an “energy czar” with direct access to the National Security Council, enabling a coordinated federal approach to energy policy across agencies.
Burgum’s task is to ensure the U.S. continues its path toward “energy dominance,” with a particular focus on fossil fuels, as well as expanding the country’s electricity grid to meet the needs of new AI data centers, Politico added.
The creation of the National Energy Council reflects Trump’s ambition to streamline energy policy, particularly around critical issues like permitting reform, which has been slow to gain bipartisan support in Congress.
This all-encompassing approach, supported by key allies like Sen. Kevin Cramer (R-N.D.), aims to eliminate bureaucratic hurdles and make U.S. energy policies more agile and responsive to modern demands.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Scaramucci: Trump's Crypto Support Could Push Bitcoin To $150K
Skybridge Capital founder Anthony Scaramucci anticipates a significant increase in Bitcoin’s value, foreseeing a potential shift towards a less politicized regulatory environment for cryptocurrencies under the upcoming U.S. administration.
What Happened: Scaramucci, who will be a headline speaker at Benzinga’s upcoming Future of Digital Assets event on Tuesday, expressed optimism about U.S. crypto policy in a recent interview with Saxo.
Being a significant investor in Bitcoin BTC/USD and Solana SOL/USD, Scaramucci believes that a depoliticized regulatory landscape could fuel growth in the decentralized finance and blockchain sectors.
Scaramucci predicts Bitcoin’s value could surge to $150,000 if the regulatory issues are addressed. He also mentioned that ex-U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are allegedly working on a “100-day plan” to revise stablecoin legislation and clarify asset classifications.
According to Scaramucci, this move could greatly benefit the cryptocurrency sector.
Despite his endorsement of Vice President Kamala Harris over Donald Trump for the 2024 presidential race, Scaramucci recognized Trump’s positive stance on cryptocurrencies and expressed his readiness to contribute to shaping crypto regulations if given the opportunity.
However, he cautioned that Trump’s isolationist policies could potentially impact the U.S. economy negatively.
“I think Bitcoin has been suppressed by U.S. faulty politicized regulation and so this is one of the good things about the Trump administration they’re going to depoliticize the cryptocurrency regulations be very good for crypto,” he said during the interview.
Why It Matters: The potential shift towards a less politicized regulatory environment for cryptocurrencies could lead to significant growth in the defi and blockchain sectors.
This change, coupled with the proposed updates to stablecoin legislation and asset categorizations, could provide a more favorable environment for cryptocurrencies, potentially driving their values higher.
Scaramucci’s prediction of Bitcoin reaching $150,000 reflects this optimism. However, the impact of political changes on the regulatory landscape remains to be seen.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BIDDLE REAL ESTATE VENTURES MARKS GROUNDBREAKING FOR POTOMAC SHORES STATION HOUSE ADDING ANCHOR RETAIL BUILDING TO TOWN CENTER
Dual Ceremony Celebrates Completion of VRE Garage
PRINCE WILLIAM COUNTY, Va., Nov. 16, 2024 /PRNewswire/ — On Saturday, November 16, the Potomac Shores community marked several vital milestones, including completion of the VRE Station garage and groundbreaking for the Station House which is expected to spur retail investment in the Marketplace corridor of the Potomac Shores Town Center. Executives from Potomac Shores master developer Biddle Real Estate Ventures (BREV) and KLNB Commercial Real Estate Services were joined by members of the Prince William Board of County Supervisors (BOCS); Prince William County Department of Economic Development and Tourism; and local community members at the ceremony marking completion of the $24 million VRE Station garage and groundbreaking for the new Station House.
The 20,000 square-foot Station House is designed to feature a striking vaulted arch pass-through for VRE Station access, and more than 15,000 square-feet of retail space over two levels. The 8,500 square-foot upper level is planned as restaurant space, with stunning views of the Potomac River and indoor and outdoor dining including more than 1,300 square-feet of outdoor dining across two terraces. The 1st floor includes more than 7,000 square-feet of retail space, which can be configured to accommodate as many as three different retailers, with opportunities for uses such as coffee shop, ice cream parlor, dry cleaners – or other uses serving train passengers, visitors and local community residents.
The VRE pass-through leads to a paved boardwalk promenade overlooking the Potomac River. The boardwalk, featuring a gazebo and viewing benches, is designed to connect to the Potomac Shores Trail System, affording more than 10 miles of continuous walking trails once completed. Construction of the Station House is expected to jump-start additional retail investment in the Marketplace corridor of the Potomac Shores Town Center. The area is expected to accommodate as much as 1,000,000 square-feet of commercial space, including retail, office and other commercial uses.
The ceremony celebrating the groundbreaking for the Station House was also marked by another milestone – completion of the VRE Garage at Potomac Shores. The new garage includes more than 350 parking spaces across three below-ground levels. Parking will accommodate VRE ridership as well as retail patrons of the Station House and additional retail in the Marketplace. The Station House is being constructed on top of the now completed VRE Garage.
Peter Chavkin, Managing Member, Biddle Real Estate Ventures (BREV), said, “Today marks another step forward towards our dual goals of welcoming VRE service to Potomac Shores and bringing retail investment to the Marketplace within the Potomac Shores Town Center. We’re grateful for the leadership of the Prince William Board of County Supervisors as we continue to advance these projects.”
Dallon Cheney, of KLNB Real Estate Services, retail broker for Potomac Shores, commented, “There are unprecedented retail opportunities at Potomac Shores that represent a flagship opportunity along the I-95/Route 1 corridor. This site offers a built-in customer base of more than 2,300 occupied new homes in a premier development, stunning Potomac River views, superb transportation access, and more. Going vertical with the Station House accelerates these opportunities.”
Deshundra Jefferson, Chair of the Prince William Board of County Supervisors, added, “New commercial investment here at Potomac Shores will spur economic development that benefits all of Prince William County. Our County will continue to bring all resources to bear to move this process forward to completion.”
Andrea Bailey, Supervisor, Potomac District said, “The completion of the VRE Garage and groundbreaking for the Station House at Potomac Shores brings us closer than ever to our long-held goals of VRE Service and commercial development within this community. I intend to work closely with relevant agencies and with private sector partners to see these goals realized.”
Margaret Franklin, Supervisor, Woodbridge District, commented, “Improved transportation access and economic development that benefits our county as a whole have been a focus for me ever since I took office. Today’s milestones at Potomac Shores mark a major step forward and I look forward to continued progress.”
The VRE Garage and the Station House at Potomac Shores were both designed by Washington D.C. based Core Architecture. L.F. Jennings, based in Falls Church, VA, built the VRE Garage and will construct the Station House, which is expected to be complete in Q4 of 2025. It is anticipated that the Virginia Passenger Rail Authority (VPRA) will complete the adjacent land acquisition from CSX in 2025, as well. Then, construction of the station platform can begin at a date to be determined.
Parties interested in retail opportunities within the Potomac Shores Town Center are invited to contact Dallon Cheney of KLNB at dcheney@klnb.com. More information about the Potomac Shores community is available at www.potomacshores.com.
About Potomac Shores
Located just 30 miles south of Washington D.C, Potomac Shores is a transit-oriented, mixed-use community covering 1,920 acres and featuring nearly two miles of shoreline. The site includes 1,000 acres of preserved hardwood forests and streams, traditional Virginia Tidewater architectural designs and the area’s only public Jack Nicklaus Signature Golf Course, as well as the 30-acre Ali Krieger Sports Complex. Future development is set to include a mixed-use town center and a new VRE commuter rail station. The community’s master plan includes two public schools, multiple sports fields, 10 miles of trails and over 3,800 residences. Potomac Shores offers the 13,000 square-foot Shores Club, a private recreation and fitness complex, and has sold more than 2,400 new homes. For more information, visit www.potomacshores.com.
About Biddle Real Estate Ventures (BREV)
Headquartered in New York City, BREV is focused on mixed-use, master-planned communities, with proven expertise in resolving complex land-use and financing issues. BREV is dedicated to creating communities of the highest quality that reflect the local history, culture and context of their settings. BREV is known for its deep capital market relationships as well as thoughtful community engagement with all stakeholders during the earliest stages of a project – ensuring financial viability and win-win development outcomes. The company is led by a close-knit team of professionals who have been associated with the successful development of more than 5,000 new homes throughout the New York tri-state areas and Northern Virginia.
www.biddlerev.com
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SOURCE Biddle Real Estate Ventures
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
OpenAI Has a Warning for Nvidia. Is the AI Bubble Bursting?
It hasn’t even been two years since OpenAI changed the world by launching ChatGPT, but already there are signs that the technology could be hitting a ceiling.
OpenAI’s latest model, Orion, was designed to replace GPT and be a significant step beyond it, but the model has not hit the company’s performance targets. While it’s an improvement on OpenAI’s GPT models, it’s not the leap that the company had hoped it would be, and evidence is now piling up that artificial general intelligence (AGI) might be further away than technologists like OpenAI CEO Sam Altman had hoped.
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After all, OpenAI isn’t the only AI start-up experiencing such challenges. According to Bloomberg, the latest version of Alphabet‘s Gemini isn’t meeting internal expectations, and Anthropic, which is seen as the AI start-up most closely challenging OpenAI, is behind on the release of its updated Claude chatbot model called 3.5 Opus.
The biggest reason why these models seem to be reaching a ceiling is that they are having trouble finding new sources of substantial training data, as earlier models have exhausted resources like Wikipedia, social media, and news sites. Margaret Mitchell, the chief ethics scientist of AI start-up Hugging Face, told Bloomberg about the technological challenges: “The AGI bubble is bursting a little bit.”
In other words, until the problem of securing reliable training data sets is addressed, the anticipated performance of advanced AI models will likely fizzle out, at least in the near term.
It’s unclear how significant this slowdown is right now, but at a time when other industry insiders have called out an AI bubble, the news could reel in inflated stock valuations across the tech sector.
With the law of diminishing returns seemingly hitting the large language models (LLMs), the AI sector could take a hit, and Nvidia (NASDAQ: NVDA) seems to be the most at risk here.
After all, Nvidia’s graphics processing units (GPUs) are used to train AI models like ChatGPT, and demand for those components has skyrocketed since the launch of ChatGPT. Cloud-infrastructure companies, autonomous-vehicle companies like Tesla, and AI start-ups have stocked up on Nvidia’s chips in anticipation of an AI boom.
However, there’s still no “killer app” in generative AI, and the rap on the technology seems to be that it is impressive and capable, but the use cases aren’t fully clear, especially when it is still prone to mistakes.
Zelensky Sees Swift End To War With Trump As President
Ukrainian President Volodymyr Zelensky has expressed confidence that the war with Russia will close “sooner” once Donald Trump becomes US president.
In a recent interview with Ukrainian media outlet Suspilne, Zelensky shared his belief that the incoming US administration’s policies would expedite the resolution of the ongoing conflict, reported BBC.
While Zelensky did not divulge the specifics of his recent conversation with Trump after the latter’s victory in the US presidential election, he described the exchange as “constructive.” Zelensky noted that Trump had not made any demands contrary to Ukraine’s position, reinforcing his belief that Trump’s approach would lead to a quicker end to the war.
Zelensky remarked that the war was likely to end sooner with the policies of the team set to lead the White House, implying that Trump’s administration would prioritize bringing the conflict to a swift conclusion as part of their commitment to their citizens, BBC added.
Zelensky also emphasized Ukraine’s commitment to seeking a diplomatic resolution to the war, expressing that Ukraine must do everything possible to ensure the conflict ends the following year through diplomatic means.
The Ukrainian president acknowledged that the battlefield remains challenging, with Russian forces continuing to advance. Nevertheless, he expressed hope that international efforts, including those from the US, could help bring an end to the conflict.
The phone call between Zelensky and Trump comes amid heightened global attention on the war and the US’s role in supporting Ukraine.
Since the start of Russia’s invasion in February 2022, the U.S. has been Ukraine’s largest arms supplier, delivering military aid worth over $55 billion. This support, in the form of weapons and equipment, has been critical in bolstering Ukraine’s defense efforts.
Trump, who has repeatedly stated that his priority is to end the war and reduce the drain on US resources, has made clear his desire to bring about a peaceful resolution to the conflict.
However, his critics, particularly within the Democratic Party, have raised concerns about his stance on Russia. They argue that Trump’s rhetoric and past relationships with Russian President Vladimir Putin could potentially lead to policies that might undermine Ukraine’s sovereignty and security.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Consumer Tech News (November 11-15): Apple Plans To Launch An AI Wall Tablet, Meta Plans To Introduce Ads On Threads & More
The European Union has directed Apple Inc. AAPL to discontinue geo-blocking on its media services. The European Commission has identified several geo-blocking practices on Apple’s platforms, including the App Store, Apple Arcade, Music, iTunes Store, Books, and Podcasts.
Following the 2024 U.S. Presidential election, Taylor Swift’s fanbase, known as “Swifties,” have reportedly started leaving Elon Musk‘s social media platform X, formerly Twitter, for Bluesky.
Gaming
Microsoft Corporation MSFT Gaming CEO Phil Spencer has confirmed the company has its sights set on a handheld gaming device under the Xbox brand. He did temper expectations, saying the device is still “a few years out” from release.
Nintendo Co., Ltd. NTDOY filed a lawsuit against a gamer for allegedly streaming pirated games before their official release dates.
Valve is launching a limited-edition Steam Deck OLED: White Edition on Nov. 18, with global availability and limited stock.
Read: Did Rockstar Drop GTA 6 Trailer Hint? Fans Spot Moon Clue Pointing To Nov. 22
Smartphones
Apple introduced an automatic reboot feature for idle iPhones in its latest iOS 18.1 update to bolster device security.
Apple has begun selling repair parts for its latest iPhone 16 and iPhone 16 Pro models via its self-service repair store.
Apple reportedly plans to make its “first foray” into the smart home IP camera market in 2026, aiming for “tens of millions” of annual shipments, according to Ming-Chi Kuo.
Read: Apple’s Next Big Bet? Think Smaller, Says Analyst: ‘There Will Never Be Another… iPhone’
Apple reportedly plans to unveil a new AI wall tablet to challenge Amazon.com, Inc. AMZN and Alphabet Inc. GOOG in the smart home race.
Apple announced a new feature for its Find My app that allows users to share the location of lost items with third parties, including airlines.
Consumer group Which? has filed a £3 billion ($3.81 billion) legal claim against Apple, accusing the tech giant of breaching U.K. competition law through its iCloud service.
Online Retail
In a move to attract holiday shoppers, Amazon.com rolled out early Black Friday discounts on a range of Apple products. These deals offer significant savings on the latest MacBook Pro, Mac mini, and MacBook Air models.
Amazon is reportedly developing smart eyeglasses for its delivery drivers, aiming to streamline the final stretch of an order’s journey to a customer’s home.
Amazon is preparing to introduce its newest artificial intelligence chips in December. His strategic move aims to leverage Amazon’s significant investments in semiconductors and reduce reliance on Jensen Huang’s NVIDIA Corporation NVDA.
Amazon.com confirmed a vendor data breach exposing employee contact information, linking the company to the widening MOVEit hack. The exact number of affected employees is unclear, but a screenshot from the hacking forum shows over 2.8 million lines in the alleged Amazon dataset.
Socia Media & Technology
Meta Platforms, Inc. META is reportedly planning to introduce ads on its Threads platform in early 2025 as Elon Musk’s X is losing favor with major brands.
Several prominent French media organizations, including those owned by billionaire Bernard Arnault, have filed a lawsuit against Elon Musk’s social media platform X for allegedly using their content without compensation.
Google Gemini app has been spotted as a standalone app on the App Store.
Microsoft President Brad Smith emphasized China’s swift technological advancements, suggesting they are on par with Western nations.
Artificial Intelligence
To counter AI-driven misinformation, OpenAI’s ChatGPT rejected 250,000 deepfake image requests of candidates in the month before the 2024 election.
OpenAI CEO Sam Altman has expressed his appreciation for Tesla and SpaceX CEO Elon Musk’s initial financial backing in ChatGPT-parent.
OpenAI co-founder Greg Brockman has announced his comeback to the AI startup after a three-month leave.
OpenAI reportedly plans to launch a new AI agent, codenamed “Operator,” in January.
Dario Amodei, CEO of Anthropic, predicts AGI could become a reality by 2026 or 2027 but warns that external factors may delay progress.
Unbabel, a startup based in Lisbon, has introduced a new AI-powered translation service called Widn.AI. The company’s CEO, Vasco Pedro, predicts that human translators might become obsolete within the next three years.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Fed's biggest challenge has become the 'Sasquatch of the financial world'
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Stocks have surged since the election, while bonds are caught in a tug-of-war between bulls and bears, with participants in both markets attempting to divine the path of the US economy under the incoming Trump administration.
At the heart of the matter lies a hotly debated topic that grips Fed economists and Wall Street alike. Something that, like the mythical yeti, no one has ever seen but everyone agrees exists: the neutral rate.
Kathy Jones, chief fixed income strategist at Schwab, recently joined Yahoo Finance’s Stocks in Translation podcast and described the neutral rate as “the Sasquatch of the financial world.”
The neutral rate is simple enough to define. It’s the interest rate that neither stimulates nor slows the economy. It’s the sweet spot where growth and inflation sit in balance. Too low, and the economy might overheat; too high, and growth stalls.
The problem is no one really knows precisely what level of interest rates meets this high standard.
“You model its inputs by looking at the past,” said Jones. “Things like productivity might go into it.” She noted that if workers can boost their productivity and increase their output, the economy can grow — critically, without inflation.
Minneapolis Fed president Neel Kashkari echoed this recently at the Yahoo Finance Invest 2024 event, explaining, “In a higher productivity environment, the neutral rate ought to be higher.” He said that if productivity is structurally higher, the Fed has less room to cut until the economy gets back to neutral.
Nevertheless, this nebulous rate is critical in shaping Federal Reserve policy.
At Invest, Kashkari echoed Fed Chair Jerome Powell’s words at the September FOMC presser, saying, “The neutral rate is not directly observable. We know it by its effect on the economy.”
With the Fed currently in the process of lowering rates, a higher neutral rate implies the Fed doesn’t need to cut rates as much to support the economy. Alternatively, a lower neutral rate would argue for more aggressive cuts.
Lately, investors have been coming around to the idea of a higher neutral rate.
When the Fed began its rate-cutting cycle in September, investors expected the Fed to cut short-term rates to 2.8% — or a range of 2.75% to 3% — by the end of 2025. Six weeks later, the bond market is now pricing in four fewer rate cuts — bringing the projected rate next year to a range of 3.75%-4%.
