United Bus Service Ltd (UBS.mu) Q12020 Interim Report

first_imgUnited Bus Service Ltd (UBS.mu) listed on the Stock Exchange of Mauritius under the Transport sector has released it’s 2020 interim results for the first quarter.For more information about United Bus Service Ltd (UBS.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the United Bus Service Ltd (UBS.mu) company page on AfricanFinancials.Document: United Bus Service Ltd (UBS.mu)  2020 interim results for the first quarter.Company ProfileUnited Bus Service Limited is a Mauritian company that engages in the public transport sector. United Bus Service Limited is listed on the Stock Exchange of Mauritius.last_img read more

UKOG shares? I’d rather buy these FTSE 250 dividend growth stocks

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves | Saturday, 27th June, 2020 | More on: IGG PLUS UKOG Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. UKOG shares? I’d rather buy these FTSE 250 dividend growth stocks “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. UKOG (LSE: UKOG) shares have been on a tear over the past 30 days. The stock is up around 22% since the end of May as investor sentiment towards the business has improved dramatically. However, the company’s long-term outlook remains uncertain. Indeed, it is still relying on the kindness of strangers to keep the lights on. UKOG recently raised £4.2m by issuing new shares to fund exploration and development activities. The money was also used to repay an outstanding loan of £1.75m. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…While the company has made a great deal of progress over the past year with its drilling and exploration activities, it’s still not self-sufficient. It is unlikely to reach this stage anytime soon. On the other hand, the companies behind FTSE 250 dividend growth stocks IG Group (LSE: IGG) and Plus500 (LSE: PLUS) are highly profitable. As such, they may offer better total returns than UKOG shares over the long term. UKOG shares sufferPlus and IG have both benefited from the significant increase in stock market volatility over the past few months. In its latest trading update, IG said that high levels of client activity produced trading revenue for its fiscal fourth quarter of £259m. This was nearly double last year’s figure. Plus has seen a similar boom in activity. The London-listed broker reported revenue of $316.6m in the three months to March. In the same period last year, the company’s revenue was just $53.9m. Looking at these results, it’s no surprise that shares in the financial services’ firms have outperformed the market over the past 12 months. UKOG shares, on the other hand, have fallen by around three quarters over the same time frame. The company’s dire need for cash is to blame. Unlike IG and Plus, which are raking in the cash, UKOG has relied on issuing new shares to fund its business activities for many years. Until the firm starts generating strong, recurring free cash flows, this is unlikely to change. That means further dilution could be on the cards, which might lead to further declines in the shares. Dividend championsIG and Plus are highly cash generative. For example, in IG’s financial year to the end of May 2019, the group generated £170m of free cash from operations. This allowed management to announce a higher than average total dividend distribution, which cost the firm £171m. It also ended its last financial quarter with £357m of cash on a balance sheet, enough to support the company’s current dividend yield of 5.4% for at least two years. Meanwhile, in Plus’s financial year to the end of December 2019, the company generated £127m of cash from operations. This allowed it to return £100m in cash to investors with dividends and another £47m with share buybacks.The group also has a large chunk of cash on its balance sheet. The cash balance stood at £287m at the end of the first quarter, enough to support the firm’s 5.7% dividend yield for nearly three years. These figures suggest that IG and Plus may be better investments for your portfolio that UKOG shares over the long run. Their cash generative nature, market-beating dividends, and strong balance sheets imply that the shares can produce strong total returns in the years ahead. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaveslast_img read more

Comporta House / RRJ Arquitectos

first_img Portugal Houses CopyHouses•Grândola, Portugal Comporta House / RRJ ArquitectosSave this projectSaveComporta House / RRJ Arquitectos Comporta House / RRJ Arquitectos CopyAbout this officeRRJ ARQUITECTOSOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesGrândolaFG+SG Fotografia de ArquitecturaFernando GuerraFG+SGPortugalPublished on January 21, 2014Cite: “Comporta House / RRJ Arquitectos” [Casa Comporta / RRJ Arquitectos] 21 Jan 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogFaucetshansgroheKitchen MixersVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Fine WoodPartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesCultural / SportsPENT FitnessFitness Equipment – BANKA™ Weight BenchSignage / Display SystemsGoppionDisplay Case – B-ClassConcreteKrytonCrystalline Waterproofing – KIMMetal PanelsTrimoQbiss One in OfficesBricksFeldhaus KlinkerFacing Bricks – Waterstruck VascuWood Boards / HPL PanelsInvestwoodViroc Nature for FurnitureCurtain WallsMetawellFacades – Aluminum Curtain WallsHeatingFocusFireplaces – PaxfocusPatios / TerracesGlas MarteGlass Pavilion – GM Pavillon360More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Architects: RRJ ARQUITECTOS Year Completion year of this architecture project Year:  ArchDaily Save this picture!© Fernando Guerra | FG+SG+ 21 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/468945/comporta-house-rrj-arquitectos Clipboard 2010 Projects “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/468945/comporta-house-rrj-arquitectos Clipboard “COPY” Text description provided by the architects. The house is on a large estate located in Comporta, Portugal. The site is completely clear, defined only by sandy soil, with spontaneous undergrowth vegetation and heavily punctuated by the vertical lines of many pines. Save this picture!© Fernando Guerra | FG+SGRecommended ProductsWindowsJansenWindows – Janisol PrimoDoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalDoorsECLISSESliding Pocket Door – ECLISSE LuceStonesNeolithSintered Stone – Arctic White – Colorfeel CollectionAgainst this backdrop, the main objective of architect Rui Pinto Gonçalves, from RRJ Arhitects, was to design a piece that would fit perfectly into the site. To register the landscape in a gesture, without highlighting it. Merging the architectural object with the profile of the existing nature.Save this picture!© Fernando Guerra | FG+SGFollowing these premises, the conceptual process resulted in the composition of two volumes, interconnected by a smaller volume. Two cast volumes, leaving the exterior circulate inside and that dilute each other.The project is set on the ground, as if it was part of it, horizontal and mimetic, by its scale, materials and colors, in parts of geometrical rigor, opening windows to the environment and simultaneously disseminating its own perspectives on its reflections.Save this picture!© Fernando Guerra | FG+SGContemporary language marks the entirety of the building, designed with clean lines and minimalist plays of planes and materials. The main volumes are two exposed concrete parallelepipeds, fundamentally bounded by a minimum gray frame. The volume that links them is clad in cement and wood fiber panels, with a fairly neutral expression.Save this picture!© Fernando Guerra | FG+SGA major concern in the design of the project was sun protection, an intention to make the house as permeable as possible, to merge the interior and exterior spaces, which led to large glazed planes necessarily protected from sunlight. So all glass planes are recessed and have shade screens.Save this picture!© Fernando Guerra | FG+SGThe interiors tend to follow the same line of consistency, highlighting a pure, stripped environment where transparencies and noble materials predominate. Whites planes are valued, covering  almost all the interiors, on a natural wood pavement. Save this picture!Ground Floor PlanFollowing the philosophy of RRJ Architects, the building responds to the characteristics of the site, the starting point for the creation of unique designs.Project gallerySee allShow lessBuenos Aires Contemporary Art Museum / MonoblockSelected ProjectsApplications Now Open for Harvard GSD’S $100,000 Traveling FellowshipArchitecture News Sharelast_img read more

Sample donors’ charter

Sample donors’ charter Howard Lake | 23 March 2000 | News What can a donor expect from your charity when making a donation? A donors’ charter can help reassure existing and prospective donors of your professionalism and accountability.For an example, read The University of Manchester’s Donors’ Charter. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Advertisement  65 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis read more

Greene King beats its £1m target for Macmillan Cancer Support

first_img  51 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 4 September 2014 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Main photo: Greene King by Anotherpintplease on Flickr.com Tagged with: charity of the year corporate Pub retailer and brewer Greene King has raised £1.2 million for Macmillan Cancer Support, beating its £1 million target. It did so eight months ahead of schedule in its three-year partnership.Macmillan is Greene King’s first national charity partner. Its early success was recognised earlier this year when it was shortlisted in the Best Employee Engagement category at the Third Sector Business Charity Awards.Employee fundraising activitiesFundraising activities by employees have included:Macmillan May – a fundraising campaign lead by the Locals division, that encouraged fundraising for Macmillan throughout May 2014.The Tour de Horse – a Hungry Horse bespoke cycle challenge that followed the route of the Tour de France in the UK in July 2014.Participation in the World’s Biggest Coffee Morning.162 employees from across the Greene King business (from managers in pubs to chefs and brewery workers) took part in the Yorkshire Three Peaks in May.Greene King employees celebrate fundraising total for Macmillan Cancer SupportRooney Anand, chief executive officer at Greene King said: Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Greene King beats its £1m target for Macmillan Cancer Support “Our employees and customers have worked tirelessly with real passion and enthusiasm to raise much needed funds for Macmillan. I think it is truly inspirational that they have managed to smash our target and raise £1.2 million with eight months of our partnership still to go!”Greene King employees and customers will support Macmillan’s flagship fundraiser the World’s Biggest Coffee Morning for the third year running this month, aiming to build on the £218,000 they have raised during this event over the last two years.last_img read more

Remember A Charity calls on government to tackle two threats to legacy income

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. “We need to ensure that legacy giving is not just something reserved for the wealthiest in society”.He added: “We are calling on government to introduce a VAT exemption on the cost of writing all Wills that include a charitable gift. While this change would come at a relatively low cost to government, this could make a huge difference to charities, giving solicitors and Will-writers cause to highlight the option and benefits of legacy giving with all clients.“We need to ensure that legacy giving is not just something reserved for the wealthiest in society; that it is something we are all given the opportunity to do.”The Institute of Fundraising and Charity Finance Group are supporting Remember A Charity’s call for VAT exemption on charitable Wills and the broader principle of developing fiscal incentives that benefit anyone who chooses to leave a legacy to charity.Probate feesProbate fees have jumped recently to £215, but from May 2017 a sliding scale of fees will be introduced, starting at £300 for estates worth between £50,000-£300,000 and ending at £20,000 for those above £2 million.Andrew O’Brien, Head of Policy and Engagement at Charity Finance Group, said: “It is important that the government does not undermine existing incentives through increasing probate fees on estates that leave money to charity which could have significant unintended consequences. The government should also align its tax policy so that unseen taxes such as VAT support the government’s objectives to increase charitable giving.”Institute of Legacy Management “very disappointed”The Institute of Legacy Management (ILM), which responded to the Ministry of Justice consultation last year on probate fees, is “very disappointed” that the Courts Service is pushing ahead with these changes “despite overwhelming opposition”.It is concerned that donors, charities and beneficiaries will all be affected by this change, and estimates that it will reduce income for charities by around £18 million a year.Petition to governmentA petition “to reconsider the proposed significant and unreasonable increase in probate fees” has been launched on the Government’s petitions site. It has attracted over 7,000 signatures already.  191 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis19 Remember A Charity is calling on the government to help charities who are facing two “major threats to legacy income”.The consortium of charities that encourage more people to leave a gift to charity in their Will is asking the government:to make charitable Wills exempt from VAT, andto re-examine the recent decision to increase probate fees.The consortium’s request is part of its wider campaign with government to secure fiscal incentives that will encourage legacy giving among the full population, not only those affected by Inheritance Tax (IHT).VAT exemption for charitable WillsThe consortium estimates that VAT exemption on charitable Wills could double the number of people leaving a gift to charity in their Will. This would generate a further £800 million a year for good causes, and cost government just £375,000.Legacy giving remains the single largest source of voluntary income, generating £2.5 billion a year. Last year there were 37,262 charitable estates in the UK.Rob Cope, Director of Remember A Charity, commented: “Charities are facing two major threats to legacy income. We know that IHT exemption is a powerful motivator for financial advisers to raise the issue of legacy giving with clients and to encourage people to give.“But from April, the IHT threshold is going up and it will be relevant to fewer people, which means that solicitors will have to approach the topic of legacy giving in a different way. Together with the hike in probate fees, this is a double whammy that could have a detrimental impact on legacy giving and their family estates.” Advertisement Howard Lake | 14 March 2017 | News  192 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis19 Tagged with: Law / policy legacy fundraising Remember A Charity calls on government to tackle two threats to legacy incomelast_img read more

Racist, misogynist jail system: Deaths of women prisoners in Georgia

first_imgCobb County Jail Complex near Atlanta.Atlanta, GA — Two people incarcerated in the Cobb County Adult Detention Center have died within the past two months — both women. The massive jail is about 20 minutes outside of Atlanta.An imprisoned woman, whose name and cause of death have not yet been released, died Aug. 6. Another incarcerated woman, Stephanie Nicole White, died June 19 from what the medical examiner’s office said was coronary artery disease.Twice prior to her death, White had complained of chest pain in addition to oral pain. Each time she complained of chest pain, she was taken to the jail’s infirmary, where an EKG test was done, and then sent back to her jail cell. Those tests were declared “normal.”On the day she died, White complained of chest pain, shortness of breath and vomiting. When she was taken to the infirmary and given an EKG test, which supposedly showed normal results, she was again returned to her cell. Hours later, White was found unresponsive and declared dead soon after. She was 39 years old.The deaths of these two women are significant, not only because they were people whose lives mattered and who should not die in a cage, especially in a pandemic. Their deaths are significant because in the U.S. — with the highest prison population in the world — women are now being policed and sent to jail at disproportionately high rates. Since 1980, the rate of women being incarcerated in the U.S. has increased eightfold. (tinyurl.com/y3edmt26)Although more men are in prison, since 1980 the rate at which women are being imprisoned is twice as high as the rate for men.Black, Brown and Indigenous women face the brunt of the carceral state. Black women were imprisoned in 2017 at twice the rate for white women. Latinx women are imprisoned at 1.3 times the rate of white women. Indigenous girls between 12 and 17 years old are incarcerated at more than four times the rate for white girls.In 2017, Georgia was reported to be among the top 15 states in the U.S. for imprisonment of women, with 70 being jailed per 100,000 in the population.It cannot be forgotten that often women are jailed for defending themselves against an abusive male partner and/or sexual trafficker. The case of Cyntoia Brown is terribly typical. Brown is an African-American woman jailed in Tennessee for 15 years for the “crime” of self-defense against a sexual predator. (For more on her case, see “Cyntoia Brown — free at last!” Workers World, Aug. 14, 2019.)Deadly conditions for Georgia prisonersIncluding the two women, a total of nine prisoners have died in the Cobb County Adult Detention Center within the past two years. Others known to have died are Reginald Wilson, Jessie Myles, Bradley Emory, William Kocour, Steven Davis, Kevil Wingo and Christopher Hart. According to the medical examiner’s office, some of these deaths were determined to be “natural,” while in Davis’ case the cause is still “undetermined.” Hart was said to have died when he ruptured his spleen after “falling in his cell.” His death was ruled “accidental” by the medical examiner’s office.The jail said Emory committed suicide in his cell. Emory’s father said the jail was aware that his son was suicidal, did nothing to prevent his suicide and delayed informing the family of his deathA lawyer for Wingo’s family said Wingo had a medical emergency in his cell and that the jail did not tend to him. All these deaths have occurred with Cobb County Sheriff Neil Warren in charge of the jail. In fact, the deaths of the two women increase to 43 the number of deaths occurring there since Warren’s ascendence to sheriff in 2004.Warren has hired a law firm to supposedly look into the deaths, as well as into claims of racism, medical neglect, excessive force and other issues regarding jail staff. Activists expect no substantive results from an investigation being done by lawyers hired by the sheriff in charge of the facility, who is implicated in the ongoing abuse.The brutal racist and misogynist conditions within the center have been made more horrific by lockdown conditions imposed in late 2019 and intensified during the COVID-19 pandemic. (See “Torture exposed in Cobb County Detention Center,” Workers World, Dec. 19, 2019.)The deaths of incarcerated women within Cobb County Detention Center cannot be ignored. The struggle must continue so that no more women, and no more people, are jailed and die in these unjust conditions. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Greater Los Angeles New Car Dealers Association Presents Hillsides with $5,000

first_img Top of the News 6 recommended0 commentsShareShareTweetSharePin it Make a comment Giving Back Greater Los Angeles New Car Dealers Association Presents Hillsides with $5,000 From STAFF REPORTS Published on Monday, July 14, 2014 | 12:21 pm Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty9 Tips For Dating As A Single DadHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeauty10 Secrets That Eastern Women Swear By To Stay Young LongerHerbeautyHerbeautyHerbeautyRed Meat Is Dangerous And Here Is The ProofHerbeautyHerbeauty Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center_img Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Your email address will not be published. Required fields are marked * More Cool Stuff Business News Hillsides Chief Executive Officer Joseph M. Costa (left) receives a $5,000 donation from the Greater Los Angeles New Car Dealers Association handed to him by John Symes, owner of Symes Automotive Group and a member of the Association’s board of directors.The Pasadena-headquartered charity Hillsides has received a $5,000 donation from the Greater Los Angeles New Car Dealers Association. John Symes, owner of Symes Automotive Group and a member of the Association’s board of directors, presented the check to Hillsides Chief Executive Officer Joseph M. Costa at the Symes Toyota dealership.Hillsides is one of four charities to receive a portion of $20,000. The Association is the official sponsor of the Los Angeles International Auto Show. The money is a returned fee the Association received for being the sponsor that board members are then able to distribute to charities within the community.“Car dealers are very involved in their communities as far as giving back,” said Symes. “We enjoy doing this to help out.”The other three charities benefitting are Green House Children’s Fund, Pasadena Education Foundation, and San Gabriel Boys Scouts.“We are so thankful that the Greater Los Angeles New Car Dealers Association has recognized all the good work Hillsides is doing in the community by selecting us as one of the four recipients,” said Costa. “Hillsides has been helping vulnerable children, youth, and families for over 100 years, and it is through generous donations such as this that we are able to continue to create lasting change for the more than 7,500 individuals we serve each year.”The Greater Los Angeles New Car Dealers Association, founded in 1907, is committed to serving the communities of greater Los Angeles by promoting professionalism within the retail automotive industry. For more information, please visit http://www.glancda.org/.Hillsides is a premier provider dedicated to improving the overall well-being and functioning of children, youth, and their families in need throughout Los Angeles County. For more information, please visit www.hillsides.org. First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

GSE Reform: ‘Lots of Work Remains’

first_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Krista F. Brock Share Save Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. in Daily Dose, Featured, Government, News Previous: Cybersecurity an Escalated Priority for Mortgage Industry Next: Motor City’s Foreclosure Payment Purgatory Demand Propels Home Prices Upward 2 days ago GSE Reform: ‘Lots of Work Remains’ Fannie Mae and Freddie Mac are taking steps toward reform, but “lots of work remains,” according to the latest American Enterprise Institute (AEI) Housing Market Indicators report. The GSEs should make changes to their activity in the high debt-to-income loan sector, the high combined loan-to-value ratio sector, and the refinance market, according to AEI.After loosening through March, credit tightened for three consecutive months, as of August, according to AEI, which reported a 0.3-percentage point year-over-year decline in the national mortgage risk index. The trend was present not only at Fannie Mae and Freddie Mac, but also at the FHA.The report focused on the GSEs’ progress toward housing finance reform and their alignment with their stated mission. “Bottom line: the GSEs have taken some steps in the right direction, but lots of work remains,” AEI stated.Simply put, “The GSEs core mission should be to assist low and moderate income homebuyers in acquiring a primary residence,” AEI stated.Overall, about 21% of GSE loans have a mortgage risk index of at least 12%. The biggest risk factors are refinances, loans with debt-to-income (DTI) ratios greater than 43%, and loans with combined loan-to-value (CLTV) ratios higher than 95%. AEI calls for eliminating these loans at the GSEs.AEI pointed out that there has been a notable decline in the share of GSE loans with DTI ratios greater than 43%. A decline in higher DTI loans is typical around January each year, but this year’s decline “has been more pronounced,” according to AEI, which noted that Fannie Mae and FHA have stated they plan to step back from high-DTI loans and risk layering. “Time will tell whether this trend is a sustainable one,” AEI stated in its report.AEI criticized the GSEs’ participation in the high-cost loan market. In 2017 the GSEs’ held about 5% of the non-conforming loan market. Today, they hold between 3 and 4%, but AEI pointed out that this drop in share is partially due to rising conforming loan limits. AEI advocates for the GSEs exiting the high-cost loan market altogether.Another area of the market the GSEs should exit, according to AEI, is the cash-out refinance sector. Cash-out refis “do not help in the acquisition of a primary residence and are risky acquisitions with an NMRI of 10.5%,” AEI stated.Currently, the GSEs account for 65% of the cash-out refi market, according to AEI.Another change AEI called for in the report is to limit the GSEs to a maximum CLTV ratio of 95%. Doing so would eliminate competition between the GSEs and the FHA while also decreasing GSE risk.Second home and investor home loans make up more than 10% of purchase loans at the GSEs as of September. These loans fall outside the scope of the GSEs’ mission, and the GSEs should also exit this space, according to AEI.First-time homebuyer share declined 1.1 percentage points to 56.8% of purchase loans at the GSEs.Meanwhile, home prices continue to appreciate but with greater speed at the lower end of the market. December 5, 2019 1,948 Views Fannie Mea Freddie Mac GSE 2019-12-05 Seth Welborncenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Fannie Mea Freddie Mac GSE Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Home / Daily Dose / GSE Reform: ‘Lots of Work Remains’last_img read more

24 year old in serious condition following attack in Derry

first_img Facebook Arranmore progress and potential flagged as population grows Homepage BannerNews WhatsApp Google+ Twitter 24 year old in serious condition following attack in Derry Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Nine til Noon Show – Listen back to Monday’s Programme By News Highland – July 13, 2020 Pinterestcenter_img Pinterest WhatsApp A 24 year old man is in a serious condition in hospital after he was assaulted in Derry last night.It’s reported the victim was punched in the face before falling to the ground banging his head in the Skeoge Road area.Two passers-by assisted the man before he was transferred to hospital by ambulance.Anyone who was in the area or who may have captured mobile phone or dashcam footage is asked to contact police on 101. Previous articleNo go for Donegal Harvest RallyNext articlePackie Bonner shares his memories of Jack Charlton News Highland DL Debate – 24/05/21 Google+ Important message for people attending LUH’s INR clinic Twitter Facebook RELATED ARTICLESMORE FROM AUTHORlast_img read more