P Z Cussons Nigeria Plc. (PZ.ng) HY2012 Presentation

first_imgP Z Cussons Nigeria Plc. (PZ.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2012 presentation results for the half year.For more information about P Z Cussons Nigeria Plc. (PZ.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the P Z Cussons Nigeria Plc. (PZ.ng) company page on AfricanFinancials.Document: P Z Cussons Nigeria Plc. (PZ.ng)  2012 presentation results for the half year.Company ProfilePZ Cussons Nigeria Plc manufactures and sells a range of consumer products and home appliances in Nigeria. Personal care products include Premier Cool Deo antiseptic soaps, Carex hand hygiene products, Cussons baby products, Venus Gold fragrances and a Morning Fresh dish washing product. PZ Cussons Nigeria Plc sells milk products under the Coast, Nunu and Olympic brands, refined palm oil and red palm oil under the Mamador and Devon King’s brans, and YO! Yoghurt drinks. Household appliances sold under the Haier Thermocool brand include computers, televisions, DVD players, home entertainment systems, refrigerators, freezers, air conditioners, generators, inverters, stabilisers, automatic voltage regulators, fans and air coolers, washing machines, water dispensers, water heaters, gas cookers and microwaves. The company sells its electrical appliances through its own CoolWorld retail stores located in the major towns and cities of Nigeria. It also exports products to Angola, Benin, Côte d’Ivoire, DR Congo, Gabon, Ghana, Liberia, Mali, Niger, Senegal, Sierra Leone, Sudan, and Togo. Established in 1899 and formerly known as Paterson Zochonis Industries Plc, the company changed its name to PZ Cussons Nigeria Plc in 2006. The company is a subsidiary of PZ Cussons Plc. Its head office is in Ikeja, Nigeria. PZ Cussons Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

CRDB Bank Plc (CRDB.tz) Q32015 Presentation

first_imgCRDB Bank Plc (CRDB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2015 presentation results for the third quarter.For more information about CRDB Bank Plc (CRDB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the CRDB Bank Plc (CRDB.tz) company page on AfricanFinancials.Document: CRDB Bank Plc (CRDB.tz)  2015 presentation results for the third quarter.Company ProfileCRDB Bank Plc is a wholly-owned private commercial bank in Tanzania offering a comprehensive range of retail, commercial, corporate, treasury, premier and wholesale microfinance services. The company has an extensive infrastructure of branches, ATMs and deposit and mobile terminals and uses a vast network of Fahari Huduma agents which are microfinance agents. The retail division offers financial solutions which range from current and fixed deposit accounts to home purchase and construction loans, refinancing and cash back services. The corporate division provides financial service across the board; including documentary collection, letters of credit, guarantees, structured trade finance, treasury services and foreign exchange risk management. Established in 1996, CRDP Bank Plc has three subsidiary companies; CRB Bank Plc Burundi, CRDB Microfinance and CRDB Insurance Brokers.CRDB Bank Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

More change as Scotland name summer tour squad

first_imgSaturday 15 June v South Africa, Mbombela Stadium, Nelspruit, kick-off 4.15pmSaturday 22 June (final match to decide placings), Loftus Versfeld, Pretoria, time TBA All dark horse: Is it Blackadder over McKenzie for Scotland?So a forwards coach is opted for before a head coach, who comes in after the DOR climbs up the ladder and away from an exhausting tour. Perhaps there have been negotiations between the three men for some time, but letting the public know in this way makes it complicated to comprehend.Nevertheless, by asserting that they know their head coach but are waiting bring suggestions that it is someone currently in the club game. The season is already over for Sale Sharks so it is unlikely that an announcement around Bryan Redpath would require sitting on the hands and with Sharks unwilling to terminate his contract because of its length it is unlikely Scotland would be willing to buy him out.The chatter, then, has tended towards pushing Ewen McKenzie of the Queensland Reds to the front of the queue. However, reports from down under suggest that McKenzie has distanced himself from the job. At the same time, rumours are circulating that Canterbury Crusaders head Todd Blackadder – formerly an Edinburgh Gunner – is the hot favourite to take the job.It is a waiting game now, but with the way Scotland are flitting and fixing, improving and announcing it could be an exciting summer and beyond for those backing blue.Scotland squad for quadrangular tournament with South Africa, Samoa and Italy next month:Backs: Alex Dunbar (Glasgow Warriors), Tom Heathcote (Bath Rugby), Peter Horne, Ruaridh Jackson (both Glasgow Warriors), Greig Laidlaw (Edinburgh Rugby), Sean Lamont, Peter Murchie, Henry Pyrgos (all Glasgow Warriors), Matt Scott (Edinburgh Rugby), Tommy Seymour (Glasgow Warriors), Duncan Taylor* (Saracens), Greig Tonks and Tim Visser (both Edinburgh Rugby)Forwards: John Barclay (Glasgow Warriors), Johnnie Beattie (Montpellier), Kelly Brown (Saracens) capt., Geoff Cross, David Denton (both Edinburgh Rugby), Alasdair Dickinson (Sale Sharks), Ross Ford, Grant Gilchrist (both Edinburgh Rugby), Ryan Grant (Glasgow Warriors), Jim Hamilton (Gloucester Rugby), Alastair Kellock (Glasgow Warriors), Steven Lawrie (Edinburgh Rugby), Moray Low, Pat MacArthur (both Glasgow Warriors), Euan Murray (Worcester Warriors), Alasdair Strokosch (Perpignan), Tim Swinson and Ryan Wilson (both Glasgow Warriors).Matches: Saturday 8 June v Samoa, King’s Park, Durban, kick-off 1.15pm LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS CHRISTCHURCH, NEW ZEALAND – MAY 06: Reds coach Ewen Mckenzie (L) and Crusaders coach Todd Blackadder prior to the start of the round 11 Super Rugby match between the Crusaders and the Reds at AMI Stadium on May 6, 2012 in Christchurch, New Zealand. (Photo by Martin Hunter/Getty Images) All in his head: Scott Johnson is orchestrating Scotland’s exciting, unpredictable changes but who is his Head Coach?By Alan DymockCHANGE IS coming, or so it would seem north of the border as Scotland today named nine uncapped players for their quadrangular tournament this summer in South Africa against their hosts, Italy and Samoa.Those nine amongst the 31 are Edinburgh’s Steven Lawrie and Greig Tonks, the full-back who was so impressive in Scotland A’s defeat of England Saxons earlier in the season, Glagow’s Pat MacArthur, Tim Swinson, Alex Dunbar, Peter Horne, Peter Murchie and Tommy Seymour, and Saracens winger Duncan Taylor.Reliable: Greig Tonks impressed against the England SaxonsThe announcement comes hot on the heels the SRU announcment that Scott Johnson would become Director of Rugby at Murrayfield after the summer tour was over and a new head coach was announced. He would still be the man making all the decisions in South Africa, where the squad will arrive on May 31.“First up, it’s a strong squad designed to win Test matches against quality opposition,” the coach-cum-director said. “We’ve continued to monitor the players’ form closely and we’ve been pleased that Glasgow have reached the knockout stages of the Rabo.“We are taking the opportunity to have a look at some players and want to assess what they’re like at this level. We need to be able to find out whether players who’ve done the business for their clubs can replicate that form in international footy.”With international footy, however, there is always lots of distraction and plenty to look at when changes come. So while there has been plenty of news coming out of Scotland, banging out like the drummers on Murrayfield’s roof, it has all come in a disorderly fashion.Before it was made official that Johnson would stay on and move closer to the boardroom, Scotland contracted highly rated and hard-edged Ospreys coach Jonathan Humphreys for two years to coach their forwards. Now after the DOR and forwards coach are in place for the summer tour it is announced that the search for a new Head Coach has been concluded but that no further information will become available until some time has passed.The need to let the public in on good news is admirable, but by trying to generate positive momentum the Scots have let slip something about their workings.They have shown themselves eager to make moves before the ink has dried on their paperwork, a trait that has got them and young players like Steve Shingler in trouble before. They have also shown that they are happy to talk to fans while money may still be haggled over.last_img read more

Proposed Florida rule bans ‘indoctrinating’ students by teaching ‘critical race theory’

first_img Critical race theory surmises that racism is embedded within American society and institutionsBy John Haughey | The Center SquareThe State Board of Education (BOE) on June 10 will ponder a proposed rule from the Florida Department of Education (DOE) explicitly prohibiting Florida K-12 teachers from “indoctrinating” public school students by espousing “critical race theory.”The proposed rule was introduced by Florida Education Commissioner Richard Corcoran during a May 5 speech at Hillsdale College, a private college in Hillsdale, Mich., that often hosts conservative speakers issuing significant policy addresses.Asked for his views on progressive ideas in textbooks and instructional materials, Corcoran said Florida’s Benchmarks for Excellent Student Thinking (BEST) standards adopted after Governor Ron DeSantis issued an executive order in January 2019 to eliminate vestiges of Common Core standards, ensures a fair representation of historical fact.“We’re passing a rule this coming month that says, for the 185,000 (Florida) teachers, you can’t indoctrinate students with stuff that’s not based on our standards, the new BEST standards,” he said.Corcoran said it is a ”constant, vigilant fight” to ensure progressive bias, such as “critical race theory” do not become the dominant narrative in history taught in public schools.DeSantis in March criticized critical race theory, which surmises that racism is embedded within American society and institutions, and rolled out his own “civics literacy” proposal within 2019’s BEST standards reflected in DOE’s proposed rule.“Critical race theory” is “basically teaching kids to hate our country and to hate each other based on race. It puts race as the most important thing. I want content of character to be the most important thing,” DeSantis told reporters in March.“We rewrote all of our standards, we did all of that stuff, and then we do a book adoption,” Corcoran said at Hillsdale College. “And the publishers are just infested with liberals. And so we would have to say to them in our bid specs, we are not going to approve your bid unless … a certain percent of our reading list has to be in your text.”The proposed rule the BOE will see on its June 10 agenda when it meets at Florida State College at Jacksonville would impose strict guidelines on teaching U.S. history.“Instruction on the required topics must be factual and objective and may not suppress or distort significant historical events, such as the Holocaust, and may not define American history as something other than the creation of a new nation based largely on universal principles stated in the Declaration of Independence,” the DOE’s proposed rule states.The proposed rule would require that any classroom discussion be deemed “appropriate for the age and maturity level of the students,” and prohibits teachers from “sharing their personal views or attempt to indoctrinate or persuade students to a particular point of view” inconsistent with state BEST standards.The Florida Education Association (FEA), the state’s largest teachers union, is lobbying the BOE to reject the proposed rule.“Florida isn’t going to equip students as critical thinkers by hiding facts,” FEA President Andrew Spar said Wednesday. “Students deserve the best possible education we can provide and the truest and most inclusive picture of their world and our shared history.”Spar suggested a tweak to the wording in the DOE’s proposed rule change.“If giving kids a good education is the goal, the rule could be amended to say in part: ‘Instruction on the required topics must be factual and objective, and may not suppress or distort significant historical events, such as the Holocaust, slavery, the Civil War, Reconstruction and Jim Crow,’” he said. “Those who don’t learn history are destined to repeat it.” Please enter your comment! The Anatomy of Fear TAGSCritical Race TheoryEducationFair RepresentationFlorida Education AssociationFlorida Education Commissioner Richard CorcoranFlorida’s Benchmarks for Excellent Student Thinking (BEST)Governor Ron DeSantishistoryRacismSchoolsStandardsstudentsTeachingThe Center Square Previous articleOrange Co. provides options for proper disposal of worn U.S. flagsNext articleCity of Apopka to host July 4th Celebration, concert and fireworks Denise Connell RELATED ARTICLESMORE FROM AUTHOR jrw Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Florida capitol buildings in Tallahassee. Spencer Hopkins You have entered an incorrect email address! Please enter your email address here Please enter your name here May 21, 2021 at 10:11 am LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate “critical race theory, which surmises that racism is embedded within American society and institutions”, then we have the FEA president saying “Florida isn’t going to equip students as critical thinkers by hiding facts”. So CRT is a “theory” the union wants to teach as a fact. Sure seems like critical race theory isn’t a fact, just ignorant race baiting blather being spread by pc sjw meant to make woke white people feel guilty. Says a lot about the political leanings of the leadership of the FEA. 1 COMMENT Share on Facebook Tweet on Twitter Reply Save my name, email, and website in this browser for the next time I comment.last_img read more

New British & Irish Lions coach confirmed as Ian McGeechan

first_imgWednesday May 14, 2008 New British & Irish Lions coach confirmed as Ian McGeechan It’s official, after many names were thrown around with plenty of speculation, Ian McGeechan has been announced as the man who will take the head coach role for the prestigious British & Irish Lions tour of South Africa next year.McGeechan is more than qualified for the position, having been in charge three times previously, namely in 1989, ’93 and ’97, as well as being involved with the unbeaten midweek team in 2005.He was also a Lion twice as a player, in 1974 and ’77, so is no stranger to the concept of bringing together the elite from England, Wales, Ireland and Scotland.The general feeling is that this role is made for McGeechan, and with the coach now confirmed, preparations, albeit planning at this stage, will begin and we should be set for a humdinger of a series in the World Champions’ backyard in exactly a year from now.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Doomsday for education in Philadelphia

first_imgMay 30 protest.WW photo: Joseph PietteThe School Reform Commission of the School District of Philadelphia voted May 30 to pass its “Doomsday” budget. This budget included no money for new books, paper, student clubs, counselors, secretaries, librarians, assistant principals or cafeteria support staff for the next school year. Also not funded are all athletics, art and music programs. This budget impacts over 3,000 jobs.Over 1,500 teachers, staff, parents and students rallied outside the District headquarters in an action called by the Philadelphia Coalition Advocating for Public Schools. Unions present included the Philadelphia Federation of Teachers, school cafeteria workers union UNITE HERE Local 634 and Service Employees union 32BJ. Also present were the student organizations, Youth United for Change and the Philadelphia Student Union.The struggle for public education has become the fight for the future of Philadelphia. This is the third major demonstration in just over three weeks. The first two were massive student walkouts involving several thousand students from dozens of schools on May 7 and May 17. Uniting the students, community and parents in the spirit of the militant Chicago Teachers Union, the most recent rally again showed the power of solidarity.The demands of the PCAPS include ending funding for new cyber charter schools, negotiating for a fair teacher contract, passing a statewide moratorium on prison construction, taxing profitable nonprofit entities like the University of Pennsylvania Hospital System, returning to school funding based on need and ability of districts to pay, and closing the Delaware Tax loophole that allows corporations to avoid paying taxes. (wearepcaps.org)The money is thereThe School District is over $300 million short in funding for the next school year. At the same time, the district will be paying $280 million in debt service to the big banks for past loans, $157.9 million of which just goes to pay off the interest on a variable-rate interest loan. This debt is ten times higher than the nationwide school district average (www.citypaper.net/news, May 30).To fill the gap, Philadelphia Mayor Michael Nutter plans to raise $95 million for schools by taxing cigarettes and alcohol, thus hitting those with the least money the hardest.Meanwhile, the School District plans to gouge the PFT of over $133 million in concessions in upcoming contract negotiations, an expectation they made fact by the passing of the Doomsday budget. This includes proposals to end seniority, immediately reduce pay for most teachers by ten percent, meanwhile piling on extra responsibilities and work for teachers, on top of losing support staff.Superintendent William Hite is also seeking $120 million from the Commonwealth of Pennsylvania. This is a tough sell, as the School District is 85 percent students of color and 82 percent “in need.” (www.phila.k12.pa.us)Right-wing Pennsylvania Gov. Tom Corbett, as well as the Democrats and Republicans in the state Legislature, have shown nothing short of animosity for the people of Philadelphia, even the youth.Yet, regardless of what either Gov. Corbett or Mayor Nutter says, there is money for education. All together, the Gross Domestic Product (the cash value of all of the wealth created) of the Philadelphia metropolitan area in 2011 was over $353 billion. The Commonwealth of Pennsylvania’s GDP was over $500 billion. To say that there isn’t enough money for students in Philadelphia to have books, paper, teachers, counselors, libraries or any extracurriculars is a vicious, racist lie.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

High School Freshmen Win Innovate Pasadena Hackathon

first_imgEducation High School Freshmen Win Innovate Pasadena Hackathon App Academy at Pasadena High School Student-designed App Earns $1,750 Prize and Investor Meeting From STAFF REPORTS Published on Tuesday, April 15, 2014 | 12:03 pm Top of the News First Heatwave Expected Next Week Business News Subscribe Make a comment 0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 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.center_img Name (required)  Mail (required) (not be published)  Website  Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * Julian Van Riet, Sebastian Ojeda (15), Moises Cuevas (14), and Sevag Satamian. Photo courtesy Pasadena Educational FoundationDuring a two-day marathon programming session, a team of four freshmen from the App Academy at Pasadena High School developed a mobile app to help local residents as part of the inaugural Hack for Pasadena competition on March 15-16, sponsored by Innovate Pasadena. Their app won the prize for “Most Accessible Implementation of Technology to Reach and Engage the Community,” including a $1,750 check and a meeting with a Silicon Beach venture capital firm to pitch their app for additional funding.“We wanted to design a mobile web app that could help Pasadena residents easily estimate their energy and water usage, and find available rebates for energy efficient appliances,” said team member Sebastian Ojeda. The app includes an energy and water usage calculator and links to Pasadena Water and Power resources showing how consumers can save money.The youngest team in this all-ages competition, Moises Cuevas (14), Sebastian Ojeda (15), Sevag Satamian (14), and Julian Van Riet (14), all students of the Pasadena Unified School District (PUSD), were determined to flex their newfound programming muscle in the service of their community. Just six months into their courses at the App Academy, they had already learned enough to be competitive even against industry professionals.“The work done by these students is 21st Century Learning in action,” said PUSD Superintendent Jon R. Gundry. “The creativity, critical thinking, collaboration and communication skills shown by these students to build this app are exemplary of what is being taught across the district on a daily basis.”The App Academy at Pasadena High School is an innovative four-year program where students learn computer science through projects in mobile, web, and game development. The curriculum develops the computer programming skills highly sought by companies such as Google, Facebook, and Twitter.Though space is limited, there is still an opportunity for incoming ninth grade students living within the Pasadena Unified School District boundaries to apply for the App Academy through PUSD’s Late Open Enrollment application period which ends April 21. Families who live outside of district boundaries can also apply for an interdistrict permit to attend the App Academy and other PUSD schools and programs starting May 5. More information on enrollment can be found online at: http://openenrollment.info.“We couldn’t be more proud of our App Academy students and their accomplishment,” said Erik Dreyer, Director of STEM Programs at the Pasadena Educational Foundation (PEF) that supports and manages the App Academy and PUSD middle school robotics programs. “We are excited to see what they will create in 10th grade, 11th grade, 12th grade, and beyond.”Hack for Pasadena was a two-day team collaboration and competition event held at Pasadena City College (PCC) where developers and designers used open data sets and hands-on problem solving to re-imagine the way the web, software apps, data and technology can shape the future of the city. The event drew over 100 participants from the tech community, including students, technology professionals, community members and city officials to work together to solve complex social problems through technology innovation. Hack for Pasadena was part of CONNECT Weekend: A Weekend for Difference Makers & Disruptors sponsored by Innovate Pasadena. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News Herbeauty9 Of The Best Metabolism-Boosting Foods For Weight LossHerbeautyHerbeautyHerbeauty6 Fashion Trends You Should Never Try And 6 You’ll LoveHerbeautyHerbeautyHerbeauty10 Sweet Things You Should Tell Your Boyfriend ASAPHerbeautyHerbeautyHerbeautyAt 9 Years Old, This Young Girl Dazzled The World Of FashionHerbeautyHerbeautyHerbeautyRobert Irwin Recreates His Father’s Iconic PhotosHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeauty More Cool Stuff Community Newslast_img read more

Small screen debut for the charming Lost and Found

first_img Previous articleLimerick mourns the death of JT McNamaraNext article#gigoftheweek Broken Up, Cracking Up – John Murry is now in a magical place Eric Fitzgeraldhttp://www.limerickpost.ieEric writes for the Entertainment Pages of Limerick Post Newspaper and edits the music blog www.musiclimerick.com where you can watch and listen to music happening in the city and beyond. Advertisement Linkedin Twitter Facebook LIMERICK-made short film ‘Lost and Found’ debuted on the small screen this week.Liam O’Neill’s animal caper features Liam O’Brien, Nigel Mercier, Caroline Morahan and Lee O’Donoghue and was shot on location in Castleconnell/ Ahane in 2015 with a large cast of four legged extras.Sign up for the weekly Limerick Post newsletter Sign Up ‘Lost and Found’ is the heartwarming story of a young boy who becomes the man of the house after the loss of his father and finds an unconventional way to help his mother with the bills.The 20 minute short film features well known landmarks in the County Limerick village and the Haselbeck-Flynn homestead Thornfields. Caroline Morahan’s character even refers to your favourite weekly tabloid while looking for a new job in the story.   Watch ‘Lost and Found’ on the RTE Player; online and available until August 24.www.rte.ie/player/ie/show/shortscreen-1295/10602320/center_img NewsSmall screen debut for the charming Lost and FoundBy Eric Fitzgerald – July 28, 2016 632 Email Print WhatsApplast_img read more

Judge Dismisses New York AG’s Claims That Servicer Failed to Comply With Settlement

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Judge Dismisses New York AG’s Claims That Servicer Failed to Comply With Settlement  Print This Post Tagged with: Eric Schneiderman Mortgage Servicers National Mortgage Settlement Wells Fargo Previous: Bank of America Loses Bid to Overturn Verdict in ‘Hustle’ Case Next: President Increases HUD Budget By $4 Billion for FY 2016 Eric Schneiderman Mortgage Servicers National Mortgage Settlement Wells Fargo 2015-02-03 Tory Barringer About Author: Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Share Save Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A federal judge dismissed on Monday allegations from New York’s Attorney General that Wells Fargo failed to live up to its end of a historic $25 billion mortgage servicing settlement struck in 2012.In an opinion released Monday, U.S. District Judge Rosemary Collyer said New York Attorney General Eric Schneiderman didn’t present substantial evidence that Wells Fargo—one of five major servicers that originally entered into the deal with 49 state attorneys general—neglected its servicing obligations under the terms of the settlement.Schneiderman had specifically accused Wells of not meeting timeline requirements for loan modifications requested by struggling New York homeowners.”Although we are disappointed the Court did not grant specific relief to consumers, it did find that States can sue to enforce the terms of the 2012 mortgage settlement—a key tool for law enforcement that Wells attempted to dismantle,” New York AG spokesman Matt Mittenthal said. “We will continue to hold financial institutions accountable for the harm caused by the collapse of the housing market and ensure that they honor their promises to New York families.”The allegations cover 97 of the roughly 450,000 mortgages Wells Fargo services in New York alone—or about 0.022 percent, Collyer noted in her judgment.”Despite this small number, NYAG alleges that Wells Fargo repeatedly failed to comply with these Loan Modification Timeline Requirements, subjecting numerous New York homeowners to ‘Kafkaesque delays and obstructions in the loan modification process,'” she wrote.She goes on to remind Schneiderman that the 2012 settlement established independent monitors for all of the firms involved—and that Wells Fargo has only once had issues meeting some of the timeline requirements, a matter that was quickly resolved to the monitor’s satisfaction.”The [settlement] does not require absolute perfection in loan servicing,” Collyer concluded in her judgment, adding, “To permit NYAG to enforce failures to comply with the Servicing Standards that are so insubstantial would open the floodgates to lawsuits, running afoul of the core purpose of the Consent Judgment—to resolve problems in the mortgage industry with monitoring and compliance and without litigation.” Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Judge Dismisses New York AG’s Claims That Servicer Failed to Comply With Settlement February 3, 2015 1,043 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Freddie Mac Reports Portfolio Update

first_imgHome / Daily Dose / Freddie Mac Reports Portfolio Update Tagged with: Federal Housing Finance Agency Freddie Mac Volume Summary Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Freddie Mac Reports Portfolio Update Servicers Navigate the Post-Pandemic World 2 days ago Freddie Mac released its monthly volume summary for September 2017 Tuesday, showing information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.In September, total mortgage portfolio increased at an annual rate of 2.0 percent and the total number of single-family loan modifications were 2,826 in September. The total amount of loans over the nine-month period landed at 34,495 and Freddie Mac’s year-to-date mortgage funding totaled approximately $299 billion. Mortgage-securities as well as other mortgage related guarantees related to Freddie Mac increased at an annualized rate of 5.1 percent in September and the ending balance of Freddie Mac’s mortgage investments portfolio was $267 billion. Single-family refinance-loan purchase and guarantee volume was $10.4 billion and represented 36 percent of total single-family mortgage portfolio purchases and issuances. Relief refinance mortgages comprised approximately 5 percent of total refinance volume in September 2017The aggregate unpaid principal balance of Freddie Mac’s mortgage-related investments portfolio decreased by about $4 billion. Their single-family seriously delinquent rate increased from 84 basis points in August to 86 basis points in September and their multifamily delinquency rate decreased from 3 basis points in August to 2 basis points in September.Freddie Mac’s measure of exposure to changes in portfolio market value averaged $18 million last month and their duration gap averaged zero months. Freddie Mac has been operating in conservatorship with the Federal Housing Finance Agency since 2008. The Best Markets For Residential Property Investors 2 days ago Related Articles Federal Housing Finance Agency Freddie Mac Volume Summary 2017-10-24 Staff Writer Demand Propels Home Prices Upward 2 days ago October 24, 2017 1,526 Views in Daily Dose, Featured, Government The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Staff Writer Demand Propels Home Prices Upward 2 days ago Previous: TransUnion: HELOCS to Spike 30 Percent in 2017 Next: At Your Service Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more