Mitsubishi plans cost cuts

first_img whatsapp Show Comments ▼ Mitsubishi Motors said it would count on rapid expansion in emerging markets and big cost cuts to double its operating profit in three years, anticipating a resumption of dividends in the year to March 2014. Announcing a new three-year business plan yesterday, Mitsubishi Motors, one of Japan’s smallest automakers, said it would target a 37 per cent jump in sales of Mitsubishi-brand vehicles to 1.37m vehicles by 2013/14. The figure is lower than the 1.5m vehicles flagged by president Osamu Masuko last June. whatsapp KCS-content Thursday 20 January 2011 7:17 pm Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this Tags: NULL Mitsubishi plans cost cuts by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adslast_img read more

RHT Holding Ltd ( 2020 Annual Report

first_imgRHT Holding Ltd ( listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2020 annual report.For more information about RHT Holding Ltd reports, abridged reports, interim earnings results and earnings presentations visit the RHT Holding Ltd company page on AfricanFinancials.RHT Holding Ltd Annual Report DocumentCompany ProfileRHT Holding Limited provides public transport services in Mauritius. The company has since diversified its service provision into real estate and property services as well as computer and general technological property services. RHT Holding Limited is listed on the Stock Exchange of Mauritius’ Development Enterprise Market.last_img

OOI House / Czarl Architects

first_img Year:  Architects: Czarl Architects Area Area of this architecture project Photographs OOI House / Czarl ArchitectsSave this projectSaveOOI House / Czarl Architects 2010 Year:  photographs:  Tim NolanPhotographs:  Tim NolanCollaborator:Mink ArchitectsC&S Engineer:PTS ConsultantsM&E Engineer:PCA Consulting EngineersCost Consultant:BCM Consultants Pte LtdContractor:EL-FA Team Pte LtdDesign Team:Carl Lim, Anditya Dwi Saputra, Sheryl Asi PerculezaCivil Engineer:PTS ConsultantsStructural Engineer:PTS ConsultantsCountry:SingaporeMore SpecsLess SpecsSave this picture!© Tim NolanRecommended ProductsDoorsStudcoAccess Panels – AccessDorDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesWoodBlumer LehmannFree Form Structures for Wood ProjectsText description provided by the architects. The patrons of this project are young professional involved in medical R&D with a teenage daughter and an elderly person. The client has expressed their desire to live in a house where parents, children and grand parents can live, work, play and enjoy hobbies  together interactively. A sense of fun and adventure, green consciousness and functionality are a few key concerns.Save this picture!© Tim NolanSite ContextLocated within the Thompson Tree conservation area, the site is well surrounded by mature trees and dense vegetation and is accessible from the front by a steep road. Unlike most other landed housing sites in Singapore, the site is perculiar in shape with it being a long narrow plot with its length running parallel to an adjacent steep road. Save this picture!© Tim NolanDesign ApproachDue to the tight constraints of the site, there is a need to compact programmatic spatial requirements and formal expression such that function and form are cohesive and complimentary to each other. This led to an exploration of a different systematic approach to the site and space planning and formal expression.Save this picture!© Tim NolanHere, the living room is the heart of the house and it is necessarily accentuated by introducing a double volume above it. The main circulation and the rest of the house is organized around this main anchor space.Save this picture!© Tim NolanThe continuous RC slab is deployed as a strategy to organize spatial and programmatic requirements while integrating with visual aesthetics. Various spaces of the house are strung along this continuous surface in succession so that different programs of the house are able to operate co-dependently.Save this picture!© Tim NolanTaking off from the ground floor in the form of the pool stairs, the slab continues as a landscaped deck , followed by a partially sloping plane on the 2nd floor ( for the bedroom ) before upturning and folds back upon itself to become  a viewing a green sloped platform at 3rd storey. The slab yet upturn again eventually to form the roof.Save this picture!© Tim NolanBy blurring the distinction between the vertical and horizontal, the inside and the outside,  the serpentine flow of the slab becomes a legible architectural stroke of formal expression. By drawing references from the steep slope terrain just outside of the boundary,the tilt of the pool stairs and the landscape on the 2nd floor, for instance, can be seen as an immediate extension of the terrain beyond.Save this picture!© Tim NolanElsewhere in the house, in a similar tongue-in-cheek act of subversion of  the cantilevered portion of the house, the cantilevered box  is deliberately tilted to reference yet again the sloped terrain while creating a playful adventurous interior for the teenage occupant. Here, the raised floor becomes an underground hideout, a storage as well as a sunken area for bath.Save this picture!© Tim NolanAbove, the sloped roof presents a pleasant tumbling green that greets the eye from the master bedroom, replacing the need for another conventional privacy screen for the master occupants on the 3rd Floor.Project gallerySee allShow lessHouse on a Hillside / Virgilio Gutiérrez HerrerosSelected ProjectsAD Interviews: Eric Bunge / nArchitectsInterviews Share Area:  354 m² Area:  354 m² Year Completion year of this architecture project “COPY” ArchDaily Houses CopyHouses•Singapore 2010 ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Save this picture!© Tim Nolan+ 25 Share Singapore Projects “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboard OOI House / Czarl Architects CopyAbout this officeCzarl ArchitectsOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesSingaporePublished on August 14, 2014Cite: “OOI House / Czarl Architects” 14 Aug 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemPlasticsMitrexSolar SidingMetal PanelsAurubisCopper Alloy: Nordic BronzeArmchairsAndreu WorldGrand Raglan – Lounge ChairSinksBradley Corporation USASinks – Frequency® FL-SeriesPlantingSikaGreen RoofsStonesCosentinoSilestone Surfaces – Ethereal CollectionMetal PanelsLongboard®Aluminum Battens – Link & Lock – 8″Panels / Prefabricated AssembliesFranken-SchotterFacade Panels – Dietfurt LimestoneWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusWoodGustafsWood Cladding in St. Erik Eye HospitalLightsKKDCLighting – Groove FLEXMore 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 streamlast_img read more

House Jipyeong / IWMW

first_img South Korea House Jipyeong / IWMWSave this projectSaveHouse Jipyeong / IWMW Area:  249 m² Year Completion year of this architecture project “COPY” Manufacturers: AutoDesk, Benjamin Moore, Forbo Flooring Systems, Grohe, Signify, YKK AP, DID Wallpaper, Haewon MSC, Sunil wood, Trimble CopyAbout this officeIWMWOfficeFollowProductBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesYangpyeong-gunOn FacebookSouth KoreaPublished on January 02, 2020Cite: “House Jipyeong / IWMW” 01 Jan 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore 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: IWMW Area Area of this architecture project Houses Year:  ArchDaily Projects “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2019 House Jipyeong / IWMW Magopus Construction: ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Lead Architects: CopyHouses•Yangpyeong-gun, South Korea Save this picture!© Denis Kolesnikov+ 19Curated by Paula Pintos Share Structure Engineer: Hangil Engineering Engineer:Jungyeon EngineerCity:Yangpyeong-gunCountry:South KoreaMore SpecsLess SpecsSave this picture!© Denis KolesnikovRecommended ProductsDoorsECLISSESliding Pocket Door – ECLISSE LuceDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40DoorsStudcoAccess Panels – AccessDorText description provided by the architects. A stream flows swiftly along the front of the village and a mountain stands in the background. Colorful gabled-roof houses are gathered around, which is commonly seen in rural areas. By walking up along the winding street, ‘House Jipyeong’ is situated on a land that overlooks the neighborhood with a scenery of mountains and fields. The house is designed as an atelier for a painter and a living space for her family. The main reason the artist needed a house was to have her own atelier where she could work on paintings of various sizes. Also, the family wanted to have a life near to nature that would remind them of life in a Hanok – a traditional Korean house where they had once lived. At the beginning of the design phase, several houses were under construction just across the road to the south.Save this picture!© Denis KolesnikovSave this picture!First Floor PlanSave this picture!© Denis KolesnikovIt was necessary to place the house to the back of the site so that it could look into its own garden to the south instead of someone else’s house, where they could then grow flowers, trees, and vegetables. The house consists of two volumes that are connected lengthways. The rectangular volume that includes the high-ceilinged atelier is positioned to the back, while the gable-roofed volume, where the living space lies, is attached to the front. By making a staggered arrangement of two masses, separate entrances could be made. The floor plan of the linear type Hanok, with the kitchen, living room and bedroom assembled in a straight line, was the backbone on organizing the gable-roofed volume. The small courtyard under the gable roof with a roof-light is placed in-between the living room and the dining room.Save this picture!© Denis KolesnikovThe design was focused on a strict separation of the individual space, but also on connecting naturally the family members in a common area. The artist’s bedroom is placed on the northern part of the rectangular mass and has a short route through the outdoor passage towards her atelier. Another door from the atelier leads to the dining room. The tea-room for the mother is in the attic on top of the kitchen, while the secret reading room for the father is on the opposite side of the attic accessible through the closet door of the bedroom. The study room for everyone is placed in the middle of the house, opening to the hallway, the living room and looks over to the small courtyard. A unique vertical circulation has created the design’s interesting scenes and forms.Save this picture!© Denis KolesnikovThe main staircase leading north can be reached directly from the courtyard, allowing easy access to the second living room upstairs. Through the small balcony in front of this living room, an outdoor staircase goes east, leading to the roof terrace that provides a complete view of the surroundings. This twisted circulation has made it possible to create an arch on the corner of the atelier ceiling, right underneath the roof staircase. It was necessary to construct with reinforced concrete to realize the high-ceilinged atelier. Only the gable roof was constructed with lightweight timber construction, which helped to reduce the budget. The light-colored used brick was chosen for the cladding of the façade, and the bricks are layered only with the horizontal joint highlighting the concise look of the two connected volumes.Save this picture!© Denis KolesnikovSave this picture!Section 1Save this picture!© Denis KolesnikovProject gallerySee allShow lessKan Japanese Restaurant / oddSelected ProjectsLiving Pavilion / Behin HaSelected Projects Share Inwha Paik, Myoungwha Paik Photographs:  Denis Kolesnikov Manufacturers Brands with products used in this architecture project Photographslast_img read more

Body Shop recycles mobile phones to raise funds for Refuge

first_imgThe Body Shop has joined forces with mobile phone recycling company Greener Solutions to collect customers’ old or unwanted mobile phones and donate £2.75 for each one to Refuge, the charity dedicated to helping women and children affected by domestic violence.Over three quarters of a million mobile phone handsets may have been dumped in a drawer or thrown in the bin since Christmas according to a new survey from the Body Shop. Just 4% of those questioned in the poll said they will be recycling their old phone. Over a quarter will either do nothing with their old phone or will simply throw it away.The recycling campaign began on 5 January 2004. Unwanted handsets can be dropped off at any branch of the Body Shop. Advertisement Howard Lake | 16 January 2004 | News Tagged with: Digital Trading  32 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Body Shop recycles mobile phones to raise funds for Refugecenter_img Founder of The Body Shop, Dame Anita Roddick, said: “Three-quarters of a million unwanted phones equates to over £2 million that could be used to throw a lifeline to the victims of domestic violence and their families. We urge everyone who received a new mobile for Christmas to bring the old one into their nearest The Body Shop store and help our fight against violence in the home.”The recycling campaign is part of The Help Stop Violence in the Home campaign which is running in over 300 stores of The Body Shop across the UK. 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 Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1last_img read more

‘Oust Duterte!’ is a Filipino rallying cry in New York

first_imgOn July 22, in pouring rain, several dozen people occupied the sidewalk in front of the Philippines consulate in midtown Manhattan to protest the corrupt, brutal and genocidal rule of Philippines President Rodrigo Duterte. The People’s State of the Nation Address was part of a globally coordinated day of protests, from the Philippines to Europe and the Americas, in condemnation of Duterte’s “State of the Nation” address the night before. Representatives of local chapters of Filipino organizations such as Anakbayan, Gabriela and Malaya Movement, as well as local allies such as Harlem Solidarity and Defense, spoke out against Duterte’s policies. They highlighted his deadly “drug war,” the military and economic alliance with U.S. imperialism, and the targeted killings of revolutionaries and such oppressed minorities as the Lumad people in the southern island of Mindanao. Demands were raised to end the killings, end U.S. military occupation, and provide proper education and health care to all people in the Philippines. Duterte and his administration were recognized as continuing the neocolonial domination of the Philippines, a supposedly independent democratic state, by exploitative corporate interests and the U.S. government. Connections were also drawn to the ongoing uprisings demanding independence from the U.S for the peoples of Puerto Rico and Hawai’i.Cultural performers danced, sang, chanted and symbolically destroyed a paper-maché bust of Duterte before raising a banner reading “Oust Duterte!” — their rallying cry — at the entrance of the consulate.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Students react to spring concert announcement

first_imgprintThe TCU Student Government Association (SGA) announced Wednesday morning that Grammy winning hip-hop duo Macklemore and Ryan Lewis will be performing in the new Schollmaier Arena for TCU’s spring concert, and students had mixed reactions.After a fall concert that featured country singer Hunter Hayes, SGA looked to different genres for next month’s concert, and Student Body Vice President for External Affairs Katie Phillips said Macklemore and Ryan Lewis were excited at the idea of performing at TCU.“They actually reached out to us and expressed interest in adding us to their tour lineup,” Phillips said. “We weighed our options and chose the duo based on who we felt would most excite students.”Many students had mixed responses to the news.[View the story “TCU Students React to Spring Concert Announcement” on Storify]Senior Spanish and philosophy double major Austin Sullivan said he is excited that SGA has gotten a more well-known artist for the on-campus concert.“SGA has definitely made progress since Jason Derulo last year,” Sullivan said. “Macklemore should put on a really fun show.”Others were somewhat less excited at the announcement and were hopeful for a different type of artist.Junior physical therapy major Jad Chatila said he was disappointed when the news broke Wednesday morning.“I’m thankful that SGA is branching out into other genres of music, but I don’t think Macklemore and Ryan Lewis are the best representation of hip-hop the student body desires,” Chatila said.“They’ll definitely put on a good show, but many of us were hopeful that the school was making a shift when Jason Derulo was the fall concert last year,” Chatila added.The Schollmaier Arena is slated to open for the first time on December 19 for fall commencement. The spring concert will be the first major all-school event to be hosted in the arena.Junior nursing major Roberta Scala said she was excited to hear the concert will be held in the new arena.“I love that they are hosting the concert in the new arena,” said Scala. “I’m really excited to see it and there’s no better way than during a free Macklemore concert.”Per artist request, next month’s concert will be private to the TCU community, and only those with a valid TCU ID will be allowed to attend.Philips said this is due to a contractual agreement between the university and the group.Previous concerts hosted at TCU have allowed students to bring guests from outside of the TCU community.“Most of my friends go to TCU, so not being able to bring a guest isn’t a big deal to me,” said junior fashion merchandising major Lauren Rose. “But I understand it may be a inconvenience for students who want to bring their boyfriend or girlfriend from a different school.”The concert will be held at 9 p.m. on January 14. Students are encouraged to visit the TCU SGA website to find more information about the concert. Twitter Iconic Fort Worth Beer Can House to be torn down Alex Gaffigan Linkedin Facebook Linkedin Alex Gaffigan is a Junior Journalism major with minors in Business and Spanish. He covers the Administration beat for TCU 360 Twitter Breakdown: TCU fall graduate numbers and majors Ryan Lewis, left, and Macklemore posesbackstage at the Grammy Nominations Concert Live! on Friday, Dec. 6, 2013, at the Nokia Theatre L.A. Live in Los Angeles. (Photo by Richard Shotwell/Invision/AP) ReddIt Alex Gaffigan Alex Gaffigan TCU hosts annual Christmas Tree Lighting Previous articleThe Skiff: December 3, 2015Next articleOPINION: Campus has a lot to offer Alex Gaffigan RELATED ARTICLESMORE FROM AUTHOR Facebook Warmer weather starts gardening season early, with some negative impacts Alex Gaffigan ReddIt + posts Alex Gaffigan World Oceans Day shines spotlight on marine plastic pollution Welcome TCU Class of 2025 TCU places second in the National Student Advertising Competition, the highest in school history last_img read more

Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default

first_img  Print This Post Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default About Author: Brian Honea Related Articles Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ocwen Financial Corporation views the agreement between Home Loan Servicing Solutions (HLSS) and Deutsche Bank announced earlier this week as a chance to dismiss a private investment firm’s accusations of default against Ocwen, according to an announcement from Ocwen.New York-based private investment firm BlueMountain Capital, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust (HSART) wrote a letter last month accusing Ocwen, the largest non-bank mortgage servicer in the United States, of breach of contract and default on certain notes serviced by HLSS.  Ocwen subsequently issued a statement vowing to “vigorously defend itself” against BlueMountain’s accusations.Earlier this week, HLSS announced an agreement with Deutsche Bank, the indenture trustee for HSART, regarding similar claims of default by BlueMountain. The parties agreed they would not initiate any judiciary proceedings with regards to the merit of BlueMountain’s allegations, and HLSS agreed to allow Deutsche Bank to withhold excess funds that would otherwise be eligible for distribution from the HSART trust to HLSS, according to an announcement from HLSS.Ocwen announced that it consented to the agreement between the parties, believing that the agreement gave the servicer and the involved parties to dispel “false accusations of a default under the HSART Indenture,” according to Ocwen.”Ocwen refutes BlueMountain’s allegations and believes no event of default has occurred under the HSART Indenture,” Ocwen said in the statement issued Wednesday.  “As previously stated, Ocwen will continue to vigorously defend against BlueMountain’s campaign, as a short seller of Ocwen stock, to undermine Ocwen’s share price and financial position through misleading and inaccurate press releases.”One of the largest HLSS shareholders, New York-based investor Mangrove Partners, wrote two letters to the HLSS Board of Directors earlier this month requesting that HLSS terminate its relationship with Ocwen due to the embattled Atlanta-based servicer’s much-publicized regulatory troubles in the last year. Last week, a Los Angeles law firm announced a class action lawsuit against HLSS over its relationship with Ocwen. Tagged with: BlueMountain Capital Deutsche Bank Home Loan Servicing Solutions Non-Bank Servicers Ocwen Financial Corporation Sign up for DS News Daily center_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default Governmental Measures Target Expanded Access to Affordable Housing 2 days ago BlueMountain Capital Deutsche Bank Home Loan Servicing Solutions Non-Bank Servicers Ocwen Financial Corporation 2015-02-19 Brian Honea in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Previous: Study: Household Formations Have Returned to Pre-Recession Levels Next: DS News Webcast: Friday 2/20/2015 February 19, 2015 1,183 Views Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Is the Housing Market Over-leveraged?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: debt Delinquency Home Homeowners household HOUSING mortgage New York Fed The Week Ahead: Nearing the Forbearance Exit 2 days ago Is the Housing Market Over-leveraged? July 2, 2018 3,348 Views  Print This Post Share 2Save debt Delinquency Home Homeowners household HOUSING mortgage New York Fed 2018-07-02 Krista Franks Brock While some economists are starting to predict another housing crisis, opining on when and how it will happen, the New York Fed seeks to answer the question, “Are we prepared for another housing crisis—or even just a slump in home prices?”The answer, according to New York Fed: “The household sector is still vulnerable to severe house-price declines, although it has become steadily less risky in recent years.” This is the opinion of New York Fed researchers Andreas Fuster, Benedict Guttman-Kenney, and Andrew Haughwout in their report, “Tracking and Stress-Testing U.S. Household Leverage.”The researchers track household leverage, the ratio of housing debt to home values, noting that there is a “strong correlation between a borrower’s leverage and their propensity to become seriously delinquent.” In fact, the researchers assert, “High household debt is widely considered one of the main causes of the Great Recession and the slow recovery that followed.”As of the first quarter of 2017, 3 percent of borrowers are underwater and 78 percent have a combined loan-to-value ratio lower than 80 percent. (The combined LTV rate takes second liens into account in addition to first mortgage loans.)If national home prices slip to their levels of just two years ago, the underwater ratio rises to 9 percent. If prices fall to their level recorded four years ago, the tide rises, resulting in a 21 percent negative equity rate. In a more dramatic “stress test,” the New York Fed predicts a 38 percent negative equity rate in the case of a “peak-to-trough house price drop” mimicking that of the Great Recession. At this point, just 38 percent of homeowners would have a combined LTV rate below 80. “Unsurprisingly, this outcome would be worse than at the height of the bust, since, in many areas of the country, house prices have not yet recovered to the same peaks from which they previously fell,” the New York Fed study stated. The “sand states” that fared poorly during the last housing crisis would again flounder. The rate of underwater homeowners in Nevada would be near 50 percent. In Florida, the rate would be 35 percent; in Arizona, 31 percent; and in California, 23 percent. The New York Fed conducted similar “stress tests” to determine the seriously delinquency rates in cases of pricing downturns. Were housing prices to remain steady, the researchers predict a 4.2 percent serious delinquency rate over the following 24 months, starting with the first quarter of 2017. If housing prices drop to their levels of two years ago, that rate would rise by just one percentage point. If prices fall to their four-year-ago levels, the serious delinquency rate would be 67 percent above the base, reaching 7.0 percent. In a crisis “peak-to-trough” scenario, serious delinquencies would rise to a substantial 9.9 percent of all outstanding mortgages. Again, the most severe rates would be seen in the “sand states.” The New York Fed also compared leveraging among types of loans, saying, “Unsurprisingly, since the GSE and portfolio loans are the least levered, they have the lowest projected delinquency rates across scenarios.” In fact, projected serious delinquency rates in a crisis similar to the last would be twice as high for government loans as for GSE and portfolio loans. The New York Fed conducted its stress test at the county level to reveal the varying impact on different markets. As can be expected, “The scenario proves to be especially harsh for regions where house prices have not recovered from their troughs.” Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Is the Housing Market Over-leveraged? Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Impact of Credit Easing on Homebuyers Next: The State of Re-Performing Loans 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 Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Krista Franks Brock 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, MReport and She holds degrees in journalism and art from the University of Georgia. Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Spann leaves legacy of music, service in community

first_img You Might Like Tax refunds processing normally As the longest partial government shutdown in U.S. history continued on in January, there were concerns that tax refunds would… read more Spann leaves legacy of music, service in community Print Article By The Penny Hoarder Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Book Nook to reopen Pike County Sheriff’s Office offering community child ID kits Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe 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 InterestedOffensiveRepetitiveSubmitCancel By Jaine Treadwell Email the author Jerry Spann spoke the international language of music as well as anyone. He served his city as a teacher of music, as a director of choirs and as church organist.Several generations of people in the Troy community have been influenced by Spann and his music. His death on Monday silenced his songs but his legacy will live on through the lives he touched with his music and the way he lived his life.Joel Williams, president of the Troy Arts Council, of which Spann was a founding member, said Spann was a great friend and role model for anybody.center_img Lyra Crapps said, too, that Spann left a huge footprint on the community.She knew Spann as a friend and the two of them also played music together for years at First United Methodist Church in Troy. Spann was church organist and choir director at FUMC before going to First Baptist of Troy as choir director. “Jerry was the choir director at First Baptist for several years and, when he came back to First Methodist, we divided the position,” Crapps said. “I was the church organist and he directed the choir. Jerry was excellent to work with and we worked well together. His choice of music was inspiring and worshipful. The choir members respected him and worked hard to produce the music he wanted. He will be greatly missed at First Methodist and throughout the Troy community.”Robin Sullivan was a member of Spann’s choir at FMUC and had great admiration for him as a man and as his choir director. Remember America’s heroes on Memorial Day “Jerry Spann was probably the kindest gentleman I have known,” Sullivan said. “He was always pleasant and a joy to be around. He willingly shared his gift of music.”Sullivan said Spann had a wonderful tenor voice and was equally outstanding as a director.“A lot of times, a choir director is asked to select music that will coincide with the sermon,” Sullivan said. “Jerry was very good a picking out those songs. And he planned a variety of music for us to sing. Sometimes he might let the women sing; sometimes the men. We would have solos. One Sunday we might sing old favorites and, the next Sunday, contemporary music. He was an excellent choir director and a devoted Christian.”Spann was active in the Troy Kiwanis Club as long as his health allowed.  Caleb Dawson, club president, remembers Spann as kind, genuine and reliable.“Jerry was a joy to be around and a dedicated member of Kiwanis,” Dawson said. “He actually spearheaded the RIF, Reading is Fundamental, program for our club. He enjoyed reading to the children at Head Start and we could always count on him. He will be greatly missed in many ways.” Troy falls to No. 13 Clemson Plans underway for historic Pike County celebration Sponsored Content Published 3:00 am Wednesday, February 6, 2019 Latest Stories Next Up“Jerry influenced me at an early age,” Williams said. “He taught me music in the first grade. We all loved going to Mr. Spann’s class. We had so much fun singing and learning folk dances. His class was like a second recess. In the fifth grade, we learned to play what we called the flutophone and we all loved going to music. We all loved and respected Mr. Spann.”That same love and respect continued into manhood for Williams. He and Spann were fellow Kiwanians.“Jerry was a member of Kiwanis for 60 years,” Williams said. “In fact, the international president of Kiwanis called one of our meetings to congratulate Jerry on his 50 years of membership and thank him for his service. Jerry was dedicated to his community and was a positive influence on so many of us. All who knew him will miss him.”last_img read more