DXDT Racing is in Gear for PWC

DXDT Racing is in Gear for PWC

Tooele, UT (January 17, 2018) – An expanded PWC effort is in gear with the 2018 partnership announcement with USALCO and SecurityNational Mortgage Company (SNMC) by DXDT Racing. The Utah based team has just unveiled and tested the brand new Mercedes-AMG GT4.

The team will be setting up shop for the next three months in Florida to set the stage.“This is a significant milestone for DXDT Racing,” said team principal David Askew. “We are building a long term relationship with the manufacturer to bring new customers to experience the dynamic roll out with AMG for potentially a GT4 & GT3 competitive platform at PWC.”

The former championship-winning Lamborghini Super Trofeo series team rolled out a new competitive platform with AMG for inviting gentlemen drivers to acquire a seat for a single race or an entire season. The opportunity includes a customized driver development program with world-class coaching, expert assessment, engineering input and mechanical maintenance, all with an advancement scale based on one’s own comfort for pace and performance. The mission of DXDT Racing is to provide an environment where you can accelerate at one’s own level of proficiency towards the development as a high-performance race car driver. The DXDT Driver Development Program is uniquely customized for every client’s personal goals and desires.

“We are excited for our new relationship with David Askew and DXDT Racing,” said Michael Shehan, SNMC Chief Marketing Officer. “Activating at PWC events around the country allow us to host our employees, partners and sponsors in several markets. Having team support close to our corporate headquarters allows us to host more VIP track days and events. The relationships that DXDT has established with several North American Customer Racing Programs, luxury automobile dealerships, and their stable of racing assets and support resources, gives this relationship a ton of potential.”

About SecurityNational Mortgage Company:

Founded in 1993, SecurityNational Mortgage Company (SNMC) is one of the largest retail mortgage lenders in the United States and a subsidiary of the Security National Financial Corporation, (SNFCA – NASDAQ). With more than 100 offices and 600 loan officers, SNMC helps thousands of consumers achieve homeownership. The company is known for providing clients with the highest level of service, competitive rates and a full array of mortgage loan options. The company had sales volume greater than $2.5 billion in 2017, in an overall mortgage market that experienced almost a 35% decrease from previous year sales. SecurityNational Mortgage Company is ranked as a ‘Top 50 Mortgage Lender’ by Scotsman Guide and Mortgage Executive Magazine. SNMC and its employees donate time and efforts to many charitable organizations across the country.

“SecurityNational’s corporate culture has driven our performance, and has created an environment where our employees truly excel. The amazing people that make up our business, including our employees, customers, and partners, all contribute to that story.” said Steve Johnson, President at SecurityNational Mortgage Company. “Our tagline, ‘Turning Houses Into Homes’, defines our daily mission. We are honored to help thousands of families across the nation achieve homeowners.”

Ranked as a ‘Top 50 Mortgage Lender,’ SecurityNational Mortgage uses key elements of it’s marketing strategy around the motorsports program.

For information regarding SNMC, visit their website at www.SNMC.com or call 801.590.2277

USALCO® Delivers Quality, Value and Flexibility

USALCO® has a long history of developing close relationships with its customers to create innovative and flexible customer solutions. These unique capabilities and services are what set USALCO apart from other chemical manufacturers. USALCO® is a leader in potable and industrial water and wastewater treatment chemistry. It’s also well-known for high quality and low cost alumina chemical applications, such as products for the manufacture of catalysts, titanium dioxide and molecular sieves.

By offering Innovative Product Solutions USALCO is especially known for two industry leading products, DelPAC® and Delta-Floc®. By custom capabilities and a commitment to Value USALCO products are very economical. USALCO is sensitive to the budgetary needs of its customers and dedicated to meeting their unique, custom requirements. USALCO offers flexible shipping capabilities where products can be shipped at low cost from any of it’s convenient plants in Baltimore, MD; Ashtabula, Ohio; Fairfield, Ohio; Gahanna, Ohio; Michigan City, Indiana and Port Allen, Louisiana.

Partners like USALCO, SNMC, Bell Racing, Sparco and Hammer Nutrition are invited on board the 2018 season to rev the dream alongside and brand with DXDT Racing with many points of entry. DXDT Racing offers exceptional venues for entertaining partners to recruit new ROI in the field, or reward top performing employees. Activating a customer experience with a channel program with prestigious VIP treatment to a full team interactive immersion in the paddock or pit. As the season expands with PWC efforts are in gear to initiate a brand new Mercedes AMG GT4 program, alongside our GT3 program.

For further information regarding partnership opportunities or DXDT driver development program contact Richard Raeder, team manager at 775-842-9692 or Katie Spies.

Follow DXDT Racing on Facebook and Twitter @DXDTRACING for live action posts. http://www.dxdtracing.com/

Contact:
Katie Spies
DXDT Racing
ktspies@gmail.com
727.452.4462

Photo credit: Spencer Steele, Utah Motorsports Campus 03/28/17

Market Wrap | Nov. 10

Daily Market Wrap

November 10, 2017

Stocks have ended the day lower. The Dow closed down 39.73 at 23,422.21 and the S&P 500 closed down 2.32 at
2,582.30.  Mortgage Bonds are ended the session lower and the 10-year Treasury Note Yield broke above a key
level at 2.385%.

Bonds went through their monthly coupon rollover last night.  This occurs each month because Mortgage Bonds
are finite.  They have an end term, such as 30 years.  Therefore, each month a new 30-year period begins.  This
new 30-day extension is reflected in an adjusted rollover price.  This rollover does not impact your rate sheet
pricing.  The effect of yesterday’s rollover was -22bp.

In economic news, Consumer Sentiment, or how consumers feel about their financial conditions and the economy,
dropped from 100.7 to 97.8.  This was also beneath expectations of 100.7.

Yesterday, the Senate unveiled a tax plan that would cut the corporate tax rate and make tweaks to the individual
tax system.  There are now two separate tax plans going through the House and the Senate.  Below is a chart that
compares the two:

One difference between the two is that the Senate plan keeps the $1 Million Mortgage Deduction, as opposed to
reducing it to $500,000.  While that sounds good, the standard deduction is to be doubled in both plans.  Why is
this important?  Everyone can take the standard deduction.  And currently, only about 24% of individuals benefit
above and beyond that deduction by taking the Mortgage Deduction.  But with the standard deduction being
doubled, only about 4% of individuals would benefit by taking the Mortgage Deduction.  Essentially this wipes out
the Mortgage Deduction.

Economic Data

Consumer Sentiment: Actual = 97.8; Consensus = 100; Prior = 100.7

Upcoming Events

Next week is a busy week, highlighted by Inflation and Housing Data.  We will receive the Producer Price Index &
Consumer Price Index Inflation reports, as well as the NAHB Housing Market Index and Housing Starts.

Technical Picture

The Mortgage Bond chart is a bit skewed due to the rollover, but Bonds closed just above support at 102.428 after
breaking beneath it earlier.  More importantly, the 10-year Treasury Note Yield has broken above the pivotal
2.385% level and is a negative sign for Yields and Bonds.

Position

Locking

Markets in a Minute

Markets in a Minute

November 9, 2017

<iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2Fsurefirecrm%2Fvideos%2F1996669673934553%2F&show_text=1&width=560" width="560" height="420" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true" allowFullScreen="true"></iframe>

Market Wrap | Nov. 2

Daily Market Wrap

November 3, 2017

Stocks have ended the day higher, with the Dow, S&P 500, and NASDAQ setting new all-time closing highs. The Dow closed up 22.93 at 23,539.19 and the S&P 500 closed up 7.99 at 2,587.84.  Mortgage Bonds ended the day higher, break through another ceiling of resistance.

The highly anticipated Jobs Reported showed that there were 261,000 jobs created in October, which was lower than market expectations of 325,000.  There were positive revisions to the previous two months, which offset some of the miss in today’s headline figure – August was revised higher by 39,000 from 169,000 to 208,000 and September was also revised higher by 51,000 from -33,000 to a positive 18,000, for a combined two month revision of 90,000 jobs.

Average Hourly earnings dropped from 2.7% to 2.4%, which shows decreasing wage pressured inflation…this metric helped Bonds.

There are actually two different surveys within the Jobs Report – the Business Survey, where the headline jobs figure is derived from and the Household Survey, where the Unemployment Rate comes from.  There is a job creation component within the Household Survey as well, which is very volatile.  And after a wild spike of 906,000 jobs in September (which was literally a polar opposite of the job losses showed in the Business Survey), the Household Survey showed a loss of 484,000 jobs in October.  However, because the labor force shrunk by 765,000, the Unemployment Rate improved from 4.2% to 4.1%.  The all in U6 Unemployment Rate dropped from 8.3% to 7.9%, which matches the low from December 2006.

Economic Data

Jobs Report: Actual = 261,000; Consensus = 325,000; Prior = 18,000

Upcoming Events

Next week is a very quiet economic news week.  There will be a 10 and 30-year Bond Auction, which could impact the markets, but the Charts and technical analysis will likely drive market direction.

Technical Picture

Mortgage Bonds have broken above the 25-day Moving Average and are now trading just beneath the 100-day Moving Average – Bonds have taken out several ceilings of resistance over the last few days, which is a positive sign.  The 10-year Treasury Note Yield has broken beneath its 25-day Moving Average and now has the 200-day Moving Average in its sights.

Position

Floating

Markets in a Minute

Markets in a Minute

November 2, 2017

<iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2Fsurefirecrm%2Fvideos%2F1992374407697413%2F&show_text=1&width=560" width="560" height="401" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true" allowFullScreen="true"></iframe>