Anglo American continues mine sell-off

first_img KCS-content whatsapp Anglo American continues mine sell-off whatsapp Show Comments ▼ Monday 22 November 2010 7:16 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULL MINING group Anglo American plans to divest its Callide coal mine in Australia to better focus on high-margin export operations.Callide, located in central Queensland state, primarily supplies coal to domestic power stations.The mine produced 8.8m tonnes of thermal coal in 2009 and has a resource base of more than 1bn tonnes.“The strategy for Anglo American’s Metallurgical Coal business, based in Australia, is to focus on growing its metallurgical coal and high margin export thermal coal businesses,” the firm said in a statement. Earlier this month,?Anglo American announced it was selling two steel businesses in the Americas to OneSteel of Australia for $932m (£600m), as part of its plan to focus on its core commodities businesses.Analysts at Numis welcomed the sale, which they said would allow it to develop its thermal coal business. last_img read more

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Telegraph may hide content behind paywall

first_img whatsapp Telegraph may hide content behind paywall Tuesday 30 November 2010 8:18 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ KCS-content center_img whatsapp Share Telegraph Media Group could soon hide its free online content behind a paywall.Executives at the Telegraph publisher are drawing up plans to follow Rupert Murdoch’s News International in charging for online content.It is understood the Telegraph will offer a combination of free and paid-for content, although no final decisions have been made.The Telegraph currently hosts the third most popular newspaper website in the UK, with 33.9m unique users a month, compared to 50m at the Daily Mail and 37.5m at the Guardian.A Telegraph Media Group spokesperson said: “Like all publishers, TMG continually evaluates the developments in the digital sector. No decisions have been made on the introduction of a paid-content model.”The Times newspaper last month announced it had taken 105,000 digital sales of its online content since it erected its controversial paywall in July.The number includes a series of heavily discounted “early adopter” offers and day passes, as well as iPad and monthly subscription sales. Tags: NULLlast_img read more

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GambleAware partners Expert Link for new nationwide support network

first_imgMcCracken spent just under three years at the charity, having joined in April 2018 from the UK government’s Department of Health, where he served as head of drugs policy. “Our ambition is to see this independent network grow and develop so that it can help inform all aspects of the gambling debate, from policy and regulation, to research, treatment and prevention.” GambleAware partners Expert Link for new nationwide support network AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “We know there are other lived experience groups already out there doing good work in this area, and this new group will fill any gaps and reach those who are harder to engage with,” GambleAware research director Alison Clare said. British gambling charity GambleAware has partnered with research organisation Expert Link on a new initiative to co-design and deliver a nationwide network of people with lived experience of gambling harms. GambleAware will provide initial funding for the group for a 12-month pilot, with ALERTS to operate as an independent advisor to GambleAware and the NGTS. Regions: UK & Ireland “The group is already contributing to existing work which builds on the peer support system which is available through NGTS. I welcome the establishment of this new group and look forward to working with them to develop further the treatment and support that people need for gambling harms.” Email Address Meanwhile, GambleAware has also signed a grant agreement for a new special interest lived experience group. Once formed, the group will also develop capacity and resource to meaningfully participate and influence national debate and policy making across the gambling sector. Expert Link will design an entirely independent network that will operate across Great Britain and be representative of the entire British community, focusing on equality, diversity and inclusion.center_img The double announcement comes after GambleAware this week also revealed that John McCracken, its director of commissioning for treatment services, has stepped down from his role. Tags: GambleAware Topics: Social responsibility Responsible gambling ALERTS will focus on scrutinising existing treatment services and provide system-wide advice and guidance from a lived experience perspective about the NGTS. The group will seek to ensure there is a representative voice for people with lived experience of gambling harms at the National Clinicians Network Forum of the NGTS. Referred to as ‘Affected Lived Experience Research, Treatment and Support Group’, or ‘ALERTS’, the group is made up solely of individuals with experience of treatment from within the National Gambling Treatment Service (NGTS). GambleAware will initially fund the project for 18 months, with the overall aim for the network to become sustainable and independent, including identifying and applying for its own funding sources in the longer term. GambleAware commissioning manager Ruth Champion said: “In order for us to ensure that the treatment services we commission are what people want and need, but also effective in preventing and reducing gambling harms, we must ensure the voices of people with lived experience are heeded. 11th February 2021 | By Robert Fletcher Subscribe to the iGaming newsletter Responsible gamblinglast_img read more

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Republic Bank (Ghana) Limited (RBGH.gh) 2018 Circular

first_imgRepublic Bank (Ghana) Limited (RBGH.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2018 circular For more information about Republic Bank (Ghana) Limited (RBGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Republic Bank (Ghana) Limited (RBGH.gh) company page on AfricanFinancials.Document: Republic Bank (Ghana) Limited (RBGH.gh)  2018 circular Company ProfileRepublic Bank (Ghana) Limited, formerly known as HFC Bank Limited, is a financial services institution in Ghana offering banking products and services for the investment, corporate, retail and mortgage sectors as well as solutions for asset management, property management and development services. The company is focused on 4 segments: consumer, mortgage, corporate and microfinance banking. Mortgage banking services include home equity, home purchase or improvement mortgages and public-sector home schemes. Investment banking services include asset management, financial advisory, brokerage and managed funds. The commercial division offers a full-service product and service offering including home, education, executive and business loans and foreign trade and document processing services. Private banking services include cash management, investment accounts, mortgage facilities and safe custody services. Republic Bank (Ghana) Limited also provides foreign currency, institutional finance and electronic and mobile banking services. Republic Bank (Ghana) Limited is a subsidiary of Republic Financial Holdings Limited. Republic Bank (Ghana) Limited is listed on the Ghana Stock Exchangelast_img read more

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Here’s how I’d invest £20k to build a million pound Stocks and Shares ISA

first_img Enter Your Email Address 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. Harvey Jones 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. What does the stock market do best? Turn relatively small amounts of money into much bigger amounts over time.We are now entering the ISA season, when people look to use their annual tax-free allowance before it expires at midnight on 5 April. This year, you can invest up to £20k in a Stocks and Shares ISA, to help build your wealth. If you leave that in the market for the long term, and top it up whenever you have money to spare, you could ultimately build a £1m investment portfolio, and transform your retirement prospects.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…I know investors are worried about the coronavirus, with the FTSE 100 falling sharply this morning. Nobody knows what impact it is going to have, creating uncertainty.The problem is, if you wait until the outlook is sunny and bright, you will never invest money in the market, because there are always clouds on the horizon. Some people have spent the last decade shying away, and if they left their money in cash, they will have paid a heavy price in lost share price growth and dividend income.Put your money to work todayThe FTSE 100 and FTSE 250 both look promising right now, as the UK nears a Brexit resolution, and overseas investors take notice.I’m particularly keen on the FTSE 250 right now. This is packed with medium-sized British companies that have greater exposure to the domestic economy, whereas FTSE 100 blue-chips generate three-quarters of their earnings overseas. These have been knocked by the strengthening pound, as this reduces the value of their dollars, euros and rupees when converted back into sterling.The FTSE 250 has delivered a total return of 48.9% over the last five years, against 32.3% for the FTSE 100. Thrash the returns on cashOne reason shares are so rewarding is that they pay dividend income as well as generating capital growth, which wise investors pay straight back into their portfolios to buy further stocks or fund units. Currently, the FTSE 350 yields 4.24%, three times the amount you will get on the best Cash ISA.This winning combination of share price growth and dividend income, is what will turn your £20k into a far mightier amount. If the FTSE 250 maintains its long-term average return of 9% a year, your money would grow to around £113,000 in 20 years’ time, and an astonishing £628,188 over 40 years, the average length of time over which people invest for their retirement.To hit the million mark, you should aim to use next year’s ISA allowance, and the next year’s too, whenever you have money to share.There are many undervalued shares on the market right now, and a quick search on the Fool website will throw up plenty of opportunities.Look for companies with strong balance sheets, loyal customers, steady cash flows, and a track record of increasing dividends. These are the type of stocks that can help you build a £1m portfolio. Your £20k is the start of something much bigger. 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. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares Harvey Jones | Monday, 24th February, 2020 Here’s how I’d invest £20k to build a million pound Stocks and Shares ISA 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. Simply click below to discover how you can take advantage of this. See all posts by Harvey Joneslast_img read more

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Altaïr House / Bourgeois / Lechasseur architectes

first_imgPhotographs:  Adrien Williams Manufacturers Brands with products used in this architecture project Year:  Architects: Bourgeois / Lechasseur architectes Year Completion year of this architecture project Houses CopyHouses•Cap-à-l’Aigle, Canada Save this picture!© Adrien Williams+ 15 Share General Contractor: Projects Altaïr House / Bourgeois / Lechasseur architectesSave this projectSaveAltaïr House / Bourgeois / Lechasseur architectes Altaïr House / Bourgeois / Lechasseur architectes ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/796130/altair-house-bourgeois-lechasseur-architectes Clipboard City:Cap-à-l’AigleCountry:CanadaMore SpecsLess SpecsSave this picture!© Adrien WilliamsRecommended ProductsWoodAccoyaAccoya® Cladding, Siding & FacadesFiber Cements / CementsRieder GroupFacade Panels – concrete skinWindowsKalwall®Facades – Window ReplacementsWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40Text description provided by the architects. This house, whose name refers to the brightest star in the Aquila constellation, is located in Cap-à-l’Aigle, in the region of Charlevoix. Altaïr means “The Flying Eagle.” What makes the house stand out is its “V” shape and long facades that are suspended over nature. While discrete from the street and closed to the north, it unfolds toward the river, as though to take flight.Save this picture!© Adrien WilliamsRegarding the form, two longitudinal prisms are laid up one on top of the other. A voluntary misalignment allows contemplation of the scenery. The long glass facades provide different perspectives and framings of the river, the forest, and the city of Malbaie below.Save this picture!1st Floor PlanSave this picture!2nd Floor PlanClose up, the house remains mysterious, as it is camouflaged by the trees. The second floor massing casts over the entrance for protection. The hall faces a large south-facing window with a view onto the cement pool, which seems to extend out to the river. The first floor has a guest wing, as well as a living room. The expended steel staircase is inviting and bright, and leads to the living areas.Save this picture!© Adrien WilliamsThe second floor is cantilevered and protrudes toward the river. The living areas succeed one another, and the completely open space provides a breathtaking view of the horizon. A vast terrace was built on the roof of the lower floor. The master suite is also located on this floor, slightly set back in the woods.Save this picture!© Adrien WilliamsIn terms of material, both storeys are covered with a grey wooden facing. The facades that are hidden or protected by the roof over-hangs are covered with Western cedar. This warm wood extends indoors to the ceiling, emphasising the continuation effect from the inside out.Save this picture!© Adrien WilliamsThis house promotes peacefulness and contemplation of the view. There is now a new shining star in the scenery of Charlevoix.Save this picture!© Adrien WilliamsProject gallerySee allShow lessNiloofar Apartment / Alidoost and PartnersSelected ProjectsNot Ready for BIM? Here are 5 Reasons You May Be WrongMisc Sharecenter_img CopyAbout this officeBourgeois / Lechasseur architectesOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesCap-à-l’AigleCanadaPublished on October 02, 2016Cite: “Altaïr House / Bourgeois / Lechasseur architectes” 01 Oct 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogShowershansgroheShower MixersEducational3MProjection Screen Whiteboard FilmPartitionsSkyfoldWhere to Increase Flexibility in SchoolsLinoleum / Vinyl / Epoxy / UrethaneTerrazzo & MarbleTerrazzo in The Gateway ArchSkylightsLAMILUXGlass Skylight FE PassivhausConcreteKrytonSmart ConcreteMetallicsTrimoMetal Panels for Roofs – Trimoterm SNVWire MeshGKD Metal FabricsMetal Fabric in Kansas City University BuildingGlassDip-TechDigital Ceramic Curved Glass PrintingMetallicsRHEINZINKZinc Roof Systems – Double Lock Standing SeamChairs / StoolsFreifrauBarstool – OnaSealants / ProtectorsWoodenha IndustriesFireproofing System for Wood Cladding – BIME®More 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 Canada “COPY” Manufacturers: Alumilex, Maxiforest ArchDaily “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/796130/altair-house-bourgeois-lechasseur-architectes Clipboard Construction des Grands-Jardins Photographs 2016last_img read more

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The Influential Fundraiser: Using the Psychology of Persuasion to Achieve Outstanding Results

first_img Tagged with: Giving/Philanthropy Howard Lake | 19 November 2008 | News The Influential Fundraiser: Using the Psychology of Persuasion to Achieve Outstanding Results 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.center_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  26 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

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Germany

first_img GermanyEurope – Central Asia June 19, 2003 – Updated on January 20, 2016 Germany RSF_en May 31, 2021 Find out more News – The German Association to Protect Electronic Rights (FITUG) (in German) – The federal government The Internet For All programme launched in 2000 by Chancellor Gerhard Schroeder is a big reason for the broad success of the Internet, but this concerted effort is accompanied by strict laws.A July 1996 law requires ISPs to give the secret services access to their Internet traffic and one in August 1997 makes them responsible for the content of the sites they host, although only if they are aware of it. The G-10 law, which limits protection of communications, was amended in 2001. ISPs were asked to give the secret services every facility to monitor or intercept national or international electronic or voice communications. The ISPs were also strongly advised to “police” the content of websites. The law includes a long and generalised list of crimes justifying Internet surveillance covering not only suspects but anyone who might have had contact with them.The 11 September attacks led to an anti-terrorist law pushed through parliament by interior minister Otto Schily at the end of 2001. The Telecommunications Interception Order, which came into force in January 2002, allows intelligence officials and police to access traffic records stored in digital form, including details of services used by customers, e-mail exchanges, data enabling senders or users to be identified and the records of telecommunications firms.Twenty or so civil rights, freedom of expression and personal data protection organisations formed a coalition to condemn such surveillance. They said the law would not stop terrorism and criticised the legal concept behind the measures. The media revealed in June 2001 that the government had allowed the country to become a link in the US Echelon electronic spy network. The Bavarian daily paper Merkur, which published a US military intelligence report, said the US base at Bad Aibling (Bavaria) housed one of Echelon’s biggest European electronic monitoring and interception centres, after the US base at Menwith Hill, in Britain. It enabled the US to spy on e-mails sent from much of Europe, including all the former Soviet bloc.The disclosure caused an especially big stir in Germany because the country was not a signatory of the UKUSA agreement, which organises the sharing out of surveillance work between the US, Britain, Canada, Australia and New Zealand.The North Westphalia provincial authorities began compiling a blacklist of websites in October 2001 and asked more than 80 local ISPs to block access to them using software developed by the firms Bocatel, Intranet and Webwasher. On 8 February 2002, for example, they asked for two US-based neo-Nazi websites to be blocked. The German Association to Protect Electronic Rights (FITUG) and many Internet users have protested at this censorship, which affects communication infrastructures themselves more than it does the authors of website material that violates the Constitution or human rights. Internet users fear the filtering will be extended to other parts of the Web. The blocks are easily got round by accessing the sites from another province in Germany. to go further News Receive email alerts Follow the news on Germany RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum News Organisation June 2, 2021 Find out more GermanyEurope – Central Asia LINKS: Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU Help by sharing this information German BND Act: A missed opportunity for press freedom News March 30, 2021 Find out morelast_img read more

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Should Mortgage Servicing Be Reformed?

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago  Print This Post Sign up for DS News Daily Share Save The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2016-09-06 Kendall Baer Should Mortgage Servicing Be Reformed? Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago A recent report from the Urban Institute discusses the opinions of speakers at a recent panel discussion cohosted by the Urban Institute and CoreLogic, who feel the high cost of servicing must be addressed, along with improving the experience of borrowers, evaluating stronger regulatory oversight of new players, and promoting innovation and competition. Urban Institute also reports that those in the industry must also reassess the method of paying servicers for their work given that the flat rate, which has been in use for three decades, is what they believe to be misaligned with the actual cost of servicing mortgages. The report says that there may not be consensus on the details, but most agreed that the consequences of further delay could be severe.Urban Institute reports that under the current compensation structure, which has been in place since the 1980s, servicers are paid a flat 25 basis point fee for conventional mortgages. Housing Finance Policy Center Co-Director Laurie Goodman says, “this regime pays servicers too much for servicing performing mortgages and too little for servicing nonperforming ones.”Urban Institute also reports Raghu Kakumanu, Senior Vice President at Wells Fargo as sharing that the cost of servicing nonperforming loans “can be highly unpredictable” because delinquent borrowers “need personalized help”. The report notes that this means servicers cannot reasonably estimate how many loss-mitigation actions, how much time, how many resources, and how much money it will take to reinstate a nonperforming loan or see it through to foreclosure.The report says that this matters because the exorbitant and unpredictable cost of servicing nonperforming loans gives lenders a strong reason to avoid lending to borrowers who have even a slight probability of default. Urban Institute feels that the current servicer compensation model is a large contributing factor to tight credit for those without pristine credit scores.In September 2011, the Federal Housing Finance Agency (FHFA) released a detailed discussion paper for public comment in an effort to reform servicer compensation. The report cites that this paper discussed two options. The first being a “reserve account” model that would require a portion of servicing income to cover the cost of servicing nonperforming loans and the second being a “fee-for-service” model that would pay servicers a set dollar fee for servicing performing loans and an incentive compensation tied to positive actions or outcomes for nonperforming loans.But the report states that the FHFA had to defer further action on this effort for several reasons. One of them was the fact that the mortgage market was too fragile in 2011, and the industry was too busy addressing delinquencies to take up any major reforms. Another according to Ed DeMarco, Senior Fellow at the Milken Institute and former acting director of the FHFA, was servicers “had their hands full trying to keep up with evolving loan-modification programs”. The report also states that there was lack of clarity on what DeMarco says “the servicing rules and requirements were going to look like going forward”.Urban Institute states that none of these reasons are relevant today, though, and they see the mortgage market as stronger, with house prices rising and delinquencies and modifications approaching pre-crisis levels. The report states that in fact, the housing market has not only stabilized, but has improved significantly since 2011. Urban Institute also notes that in addition, the Consumer Financial Protection Bureau (CFPB) finalized its servicing rule three years ago, giving servicers greater regulatory certainty and the CFPB has continued to enhance and update these requirements, with a recent update adding several “clarifications” and “clean ups” that servicers requested, according to Laurie Maggiano, Program Manager at the CFPB.Urban Institute says that the most important reason to move forward on these reforms is the high cost of inaction. The report states that status quo puts the industry on a path to continued increases and volatility in servicing costs, tighter credit for low- and moderate-income borrowers, and increasing safety and soundness risks posed by the growing role of non-banks. The report also states that the status quo leaves in place barriers that they feel stifle competition and discourage technological innovations that might help reduce servicing costs or improve customer service. Home / Daily Dose / Should Mortgage Servicing Be Reformed? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 6, 2016 1,115 Views Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: How to Work a Conference Next: Six Rivers Land Conservancy Makes Appointments to Board of Directors The Best Markets For Residential Property Investors 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. last_img read more

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Home Prices Climb 13.2% YoY in March

first_img Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Home Prices Climb 13.2% YoY in March Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index from S&P Dow Jones Indices, covering all nine U.S. census divisions, has found that for March 2021, home prices continued to increase across the U.S., a 13.2% annual gain in March, up from 12.0% in February.The 10-City Composite annual increase stood at 12.8% in March, up from 11.7% in the previous month, while the 20-City Composite posted a 13.3% year-over-year gain, up from 12.0% in the previous month.The top five markets exhibiting the highest year-over-year gains in March 2021 included:Phoenix with a 20% year-over-year changeSan Diego with a 19.1% year-over-year changeSeattle with an 18.3% year-over-year changeBoston with a 14.9% year-over-year changeTampa with a 13.7% year-over-year change“More than 30 years of S&P CoreLogic Case-Shiller data put these results into historical context. The National Composite’s 13.2% gain was last exceeded more than 15 years ago in December 2005, and lies very comfortably in the top decile of historical performance,” said Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. “The unusual strength is reflected across all 20 cities; March’s price gains in every city are above that city’s median level, and rank in the top quartile of all reports in 19 cities.”All 20 cities reported higher price increases in the year ending March 2021 versus the year ending February 2021.“A number of socioeconomic trends are driving the double-digit home price increases. Americans who could work remotely during the pandemic have likely cut costs and are eager to funnel their savings into a shrinking number of homes for sale while they can still take advantage of historically-low interest rates,” said Realtor.com Senior Economist George Ratiu. “From a demographic standpoint, millennials are coming of homeownership age and embracing life in suburbs and smaller cities, while Gen Xers need homes that can accommodate caring for college kids and aging parents, and Baby Boomers are looking for retirement homes. The main challenge is finding a sustainable solution to the affordable housing crisis in an environment where new construction is lagging, and large investment funds are crowding out many first-time buyers.”As home prices trended upward in March, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) jointly reported today that new residential sales in April 2021 were at a seasonally-adjusted annual rate of 863,000, 5.9% below the revised March rate of 917,000, but 48.3% above the April 2020 estimate of 582,000. The median sales price of new houses sold in April 2021 was $372,400, while the average sales price was $435,400.“In April, nearly two in five homes sold were not yet started, compared to just over one in five sold at this stage of construction last year,” said Realtor.com Chief Economist Danielle Hale. “With high expectations among existing-home sellers and competitive conditions for homebuyers that include fast-selling homes, record high prices, and limited choices for sale, shoppers are increasingly turning to new homes as an alternative, and not just for high-end homes.”As noted, the low number of homes available can be attributed to a spike in the cost of materials, as well as a depletion in the number of skilled workers available.“We interpret today’s release to be additional evidence that material prices and a lack of labor and lots are holding back sales,” said Doug Duncan, Chief Economist at Fannie Mae. “While total sales fell over the month, homes sold-but-not-yet-started jumped by 16.5% to the highest level since 2006. Similarly, while homes for sale at the end of the month rose by 3.9%, the increase was driven almost entirely by homes where building had yet to begin. This growing construction backlog, combined with another strong rise in the median home sales price (up 20.0% from a year earlier), suggests to us that demand for new homes remains strong, but homebuilders are struggling to keep up.” Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.  Print This Post Data Provider Black Knight to Acquire Top of Mind 1 day ago Home Prices Climb 13.2% YoY in March The Best Markets For Residential Property Investors 2 days ago Previous: Pandemic Savings Helped Some Secure Homeownership Next: Ocwen Enters Into $48 Billion MSR Deal Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Craig J. Lazzara Danielle Hale Doug Duncan Fannie Mae George Ratiu S&P CoreLogic Case-Shiller U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) Data Provider Black Knight to Acquire Top of Mind 1 day ago in Daily Dose, Featured, Journal, Market Studies, News Demand Propels Home Prices Upward 1 day ago 4 days ago 416 Views Craig J. Lazzara Danielle Hale Doug Duncan Fannie Mae George Ratiu S&P CoreLogic Case-Shiller U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) 2021-05-25 Eric C. 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