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first_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap ICAP, the interdealer broker, said yesterday revenue increased nine per cent to £867m in the first half of the year on the back of its electronic and post trade units.The broker said pre-tax profit also rose by two per cent to £183m and it raised its interim dividend by three per cent to 5.27p.Icap said growth was driven by a rebound in its electronic brokerage business, where revenue was up 24 per cent to £151m, having declined last year, following September’s launch of its electronic euro interest rate swap platform. Icap said close to €110bn of contracts had been transacted and more than 1,000 trades.Its post-trade service also saw revenue increase 30 per cent to £90m.Icap’s traditional voice brokerage business remains its largest, with revenue of £596m, but its two per cent growth rate was overshadowed by the smaller units.Trading activity on Icap’s main foreign exchange system EBS and its bond platform Brokertec was up 26 per cent on the previous year to £750.3bn.MIchael Spencer, Icap’s chief executive, said the broker was looking to grow its post-trade services business, which supports clients’ middle and back-office requirements.He added: “Icap has performed well during the six months and we have continued to make significant progress towards our strategic goals, including the launch of the electronic euro interest rate swaps platform with market maker support. During a period of generally quieter markets Icap has delivered good revenue and earnings growth driven primarily by our strong electronic broking franchise.” KCS-content Share Icap revenue up on e-trade by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibezenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressMoneyWise.com20 Places Where $150K Is More Than Enough To Retire MoneyWise.comGundry MDThe Secret To Breaking Up Dark Spots On Face (Or Neck Or Hands)Gundry MDcenter_img Wednesday 17 November 2010 8:44 pm whatsapp whatsapp Tags: NULLlast_img read more

first_img whatsapp More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Lord Sugar bids Auf Wiedersehen once again SQUEALS of excitement this week as the candidates were instructed to pack a bag for a foreign trip. While everyone’s thoughts turned to beaches and suntans, Stuart wondered if they’d be sent to a warzone. While unleashing Stuart Baggs on Afghanistan is an appealing thought, I’m pretty sure the UN would class it as a war crime.Instead it was off to Hamburg to make and sell British crisps – but the thought of travel did little to improve morale. “I hate the Germans,” grumbled Christopher. Perhaps best he doesn’t lead this time. Instead Chris nominated himself, rousing the troops with a speech that began, “I’ve lost three tasks in a row now…”Stella lead for Apollo after being nominated by Stuart, part of a plan to protect himself. His logic wasn’t clear but he seemed very proud of himself. Leaders in place, the next thing to choose were flavours. Joanna took charge of market research for Apollo, a laborious task involving collaring a man in a German supermarket and asking him what flavours of crisps he likes. Presumably something got lost in translation as they ended up with stilton and paprika and a ham and pickle flavour that tasted like prawn cocktail.Synergy plumped for German classics, goulash and currywurst (the latter being so popular in Germany that a museum was created in its honour). This was as far as any of the candidates were prepared to indulge their hosts; their attempts at the language were limited to “Das ist wunderbar” and an increasingly desperate “Sprechen sie Englisch?” as they went door-to-door.Well, some of them tried. Laura sulked again while Christopher and Jamie took a more leisurely pace, sampling the local beers and switching a 9am pitch to a much more civilised post-lunch slot. Back in the boardroom, there was just time for Lord Sugar to expand on his concept of “export English”, whereby you slow down and take care over your words when doing business abroad. The challenge also gave this unlikely Henry Higgins some good punning opportunities; “Herr-brained” was used, but sadly no discussion of who was best and wurst. In any case it was Chris back in the boardroom. Having lost four consecutive tasks, he looked ready to fire himself but Lord Sugar was ready to give him yet another chance and bid Auf Wiedersehen to Christopher. Wednesday 24 November 2010 8:41 pm Tags: NULLcenter_img whatsapp Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Sharelast_img read more

first_img TOP investment banks which offer their clients “dark pool” share trading platforms are facing an uphill battle to keep these trading venues outside the mainstream of market regulation.European regulators are set to publish a consultation paper tomorrow proposing controversial new rules to restrict the activities of the banks’ dark pools, which anonymously match large buy and sell orders.Brussels will outline the new restrictions as part of its long-awaited amendments to the Markets in Financial Instruments Directive (MiFID), which in 2007 opened up European share markets to cross-border competition and the advent of pan-European electronic multilateral trading facilities (MTFs).The world’s largest investment banks have set up in the past three years two types of alternative trading venues: proprietary systems that match up client orders privately, known as dark pools, and exchange-like MTFs, which are more tightly regulated.Together they have claimed up to a third of stock market trading activity in just three years.Europe’s three main exchanges – NYSE?Euronext, the LSE and Deutsche Boerse – offer versions of dark pools but the main difference is in how these services are treated by regulators.The exchange pools are regulated as quasi-exchange MTFs while the bank pools are currently treated as a function of the banks’ broking.Many large investment banks operate their own dark pools, including Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Nomura and UBS.The European Commission will propose next week that the dark pools are regulated as MTFs if they exceed a certain size threshold, making the rules much stricter.The Federation of European Securities Exchanges – which has been lobbying hard for the amendment, says that it will enable its exchange members and brokers to compete more equally.The banks say the exchanges have exaggerated the size of dark pools in claiming that as much as 40 percent of European trading takes place away from exchanges, when the real number is much less than five per cent. Monday 6 December 2010 8:20 pm Europe set to clamp down on dark pools Tags: NULL KCS-content center_img Share Show Comments ▼ whatsapp whatsapplast_img read more

first_imgP Z Cussons Nigeria Plc. (PZ.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2009 annual report.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)  2009 annual report.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

first_imgNational Salt Company Nigeria Plc (NASCON.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2019 annual report.For more information about National Salt Company Nigeria Plc (NASCON.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the National Salt Company Nigeria Plc (NASCON.ng) company page on AfricanFinancials.Document: National Salt Company Nigeria Plc (NASCON.ng)  2019 annual report.Company ProfileNational Salt Company Nigeria Plc (NASCON) manufactures and markets a range of edible salt for industrial use and iodine-fortified kitchen salt for domestic use in Nigeria. By-products from the salt refining process include fine (butter) salt used to make biscuits and confectionary products; and granulated kitchen salt and industrial salt. The company has factories located in Oregun, Apapa and Port Harcourt and installed capacity of 400 000 tonnes per annum for 25-50 kilogram bags of salt and 100 000 tonnes per annum for salt sachets. Salt products for domestic use are marketed under the brand name Annapurna and Dangote. Annapurna is a brand name owned by West Africa Popular Foods (WAPF) as a joint venture between the former NASCON and Unilever Nigeria Plc. The company was established in 1973 and formerly known as National Salt Company of Nigeria Plc. Its head office is in Lagos, Nigeria. National Salt Company Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

first_img “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rachael FitzGerald-Finch 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. Investors are gambling on the Watches of Switzerland share price: here’s what I’d do Rachael FitzGerald-Finch 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. Rachael FitzGerald-Finch | Tuesday, 6th October, 2020 | More on: WOSG Simply click below to discover how you can take advantage of this. Enter Your Email Addresscenter_img Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. 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. Viewing the Watches of Switzerland (LSE: WOSG) share price this morning was like watching a Harrier Jump Jet take off. By 10am, the stock was up over 23% and the line on the stock price graph was almost vertical!This went along with the high-end watch retailer releasing positive news about the business. Its full-year revenues are expected to be at least £40m higher than previously thought, and earnings (EBITDA) up by 1.5%.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…However, we’re only 23 weeks into the firm’s financial year. And as we’ve seen recently, a lot can happen in the remaining 29 weeks. Further economic shutdowns can change a trading environment considerably, especially for cyclical stocks like WOSG. Nonetheless, it’s good news for the company and its shareholders who are optimistic about the firm’s prospects. But is a little positive news a good reason to become a shareholder now? In short, I don’t think so. Buying WOSG stock at its current price is gambling with your money.The WOSG share priceThe stock is currently trading around 403p and on price-to-earnings ratio (P/E) of about 2,020. This P/E ratio even exceeds Tesla‘s highest-ever P/E ratio of 1,152. Curiously, both stocks are currently trading around a similar level of pricing too.However, as a young tech stock, you’d expect Tesla to have a relatively high P/E ratio. The company is not yet profitable and the optimism apparent in its share price should, in theory, reflect the growth expectations of the company as it tries to redefine how we live.        As a seller of watches and jewellery, WOSG is in a completely different situation. Its plans for growth currently focus mainly on bricks and mortar, although it has also been growing its online offerings. This is likely due to the type of luxury goods it sells where the shopping experience and branding is a large part of the sale. Purchasing a Patek Phillipe from a plush store while being fawned over by a refined but eager sales assistant is a far cry from buying a mass-produced watch from an online retailer to arrive in the post on a later date.With the physical high-end shopping experience, revenues per sale may be much higher, but so are the overheads. This adds friction to the future growth rate of the FTSE 250 retailer and I can’t see how the growth rate of the firm can be anywhere near that of Tesla’s.  Quite frankly, even if WOSG’s earnings more than double, as Goldman Sachs expects them to do, the P/E is still too high to provide a satisfactory return on my money.What I’d doThere are many excellent FTSE-listed companies out there selling at far more sensible P/E ratios and that may also provide dividend income, improving my total investment returns. If I already owned Watches of Switzerland shares, I’d be selling them and cashing in on those returns. As I don’t, I won’t be buying, at least not until the stock returns to a more sensible price. Until then, there are far better options for investment returns out there for smart investors. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

first_img 2020 Houses “COPY” HP House / Rakta StudioSave this projectSaveHP House / Rakta Studio HP House / Rakta Studio CopyHouses•Cianjur, Indonesia CopyAbout this officeRakta StudioOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookCianjurIndonesiaPublished on January 10, 2021Cite: “HP House / Rakta Studio” 09 Jan 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore 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 Photographs Photographs:  Mario Wibowo Manufacturers Brands with products used in this architecture project ArchDaily Architects: Rakta Studio Area Area of this architecture projectcenter_img Area:  700 m² Year Completion year of this architecture project Manufacturers: AutoDesk, Toto, Dekson, Frans Setiabudi, Venus TilesDesign Team:Vidor Saputro, Christian Halim, Franklin WinataClients:Mr. Hera & Mrs. PurieEngineering:Vonny ValentinaCity:CianjurCountry:IndonesiaMore SpecsLess SpecsSave this picture!© Mario WibowoRecommended ProductsSystems / Prefabricated PanelsInvestwoodCement-Bonded Particle Board – Viroc NatureMetallicsStudcoWall Stop Ends – EzyCapDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsText description provided by the architects. The HP House is located in Cianjur city, West Java, Indonesia. The modern tropical design for HP house fits the climate and its surroundings, the house surrounds with mountains as it is one of best potential to be enjoyed with. The looks of the house is quite a combination of modern and tropical a lot of wood material, especially ulin wood applied on this house. For the first sequence, we are greeted with a view of green lawn with a pool on the right side of the house.Save this picture!© Mario WibowoSave this picture!Plan – First floorSave this picture!© Mario WibowoFacing the pool, the main attractiveness of this house is a spacious wooden porch deck with a wood ceiling to accommodate outdoor activities for family and friends gathering. To create the other sequence of a transition between outdoor and indoor elements into the house, we use the long hallway path made of the ulin wooden deck before we can enter the semi private of living and dining area of the house. An open plan area consists of living room, dining room, and pantry, with master bedroom are on the the first floor.Save this picture!© Mario WibowoThe double volume on the living room create a spacious and high ceiling experience into the house. The rooms enclosed with transparent and translucent glass, sunlight shed into the living and bedroom, creating a good air circulation and natural light into the house. On the upper floor there are 2 bedrooms are placed, each room with a good view to the pool and garden, and also there is a functional room to work and study.Save this picture!© Mario WibowoProject gallerySee allShow lessLiuhong School of Luxiang Experimental Elementary School / Tus-DesignSelected ProjectsLes Domaines Ott Château de Selle / Carl Fredrik Svenstedt Architect | CFSASelected Projects Share Year:  Indonesia Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954531/hp-house-rakta-studio Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954531/hp-house-rakta-studio Clipboard Save this picture!© Mario Wibowo+ 26Curated by Hana Abdel Share “COPY”last_img read more

first_imgFacebook + posts What to watch during quarantine ReddIt Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ TCU rowing program strengthens after facing COVID-19 setbacks Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ Another series win lands TCU Baseball in the top 5, earns Sikes conference award Snow temporarily stepping down as honors dean Linkedin Robbie Vaglio printTCU soccer senior forward Allison Ganter was named the Big 12 Conference Player of the Week on Tuesday after leading the Horned Frogs to two wins over the weekend.Ganter contributed to each of the four goals TCU scored on the weekend– scoring three goals and earning one assist. Two of her goals were game-winning for the Frogs. In Friday’s match, she recorded an assist and goal within 10 minutes of each other. Ganter also capitalized on a rebound off the post in the 65th minute of Sunday’s game against Missouri, tying the score and winning the game for the Horned Frogs on a penalty kick in double overtime.Ganter joins junior McKenzie Oliver as the second Big 12 Player of the Week from TCU.The Frogs return to action Friday night against Northeastern at Garvey-Rosenthal Soccer Stadium. Kickoff is set for 7:00 p.m., and the first 250 students in attendance will receive free American flag “Frog Side Strong Side” t-shirts. Ganter becomes second Horned Frog to earn Big 12 Player of the Week honors Previous articleSigma Phi Lambda: The New Christian SororityNext articleTCU football looks for redemption in Arkansas Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR Twitter ReddIt I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! Two students joined harassment and discrimination lawsuit against TCU Twitter Linkedin Facebook Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ TCU wants ex-professor’s discrimination suit dismissed Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ TCU baseball finds their biggest fan just by saying hellolast_img read more

first_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Loss Mitigation, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago According to the Consumer Financial Protection Bureau (CFPB), the new lending rules that went into effect on January 10 are meant to take a back-to-basics approach to mortgage lending and lower the risk of default and foreclosure among borrowers. However, many industry veterans feel that the rules may hurt those they are designed to protect, primarily low income borrowers.On January 14, Congress’ House Financial Services Committee held a conference to discuss how homeowners may be harmed by the new CFPB rulings. Speakers said low-to-moderate income borrowers stand to lose the most if lenders cannot write loans outside of the Qualified Mortgage (QM) guidelines.“In rural areas, it is crucial to tailor mortgages to fit borrowers’ needs and risk profiles,” one lawmaker noted. Another lawmaker who represents a state where 50 percent of the homes consist of manufactured housing said most of the housing loans in his state will not meet QM standards.Speaking on “Mortgage Markets Today,” Chris Whalen, EVP and managing director for Carrington Holding Company, discussed the pitfalls in the new regulations with Louis Amaya, host of the Five Star Internet radio show and CEO of iServe Companies.“I think these concerns are well founded,” Whalen said. “Under the new CFPB rules, about half the prospective homeowners in this country can’t get a mortgage from a bank because the new laws have greatly restricted credit access.”Whalen warns this indicates the mortgage industry will be tightening. “We’re basically replaying what happened in the late 1920s and 1930s in terms of stifling credit creation,” he said.Under the new QM rules, a borrower must have a FICO score of 740 or higher. In addition, debt-to-income ratio can be no higher than 43 percent. Whalen explained that although these rules disqualify a lot of borrowers, they give the lender assurances about possible lawsuits.“If you write a Qualified Mortgage following these rules, then you have what is essentially a safe harbor against many types of litigation,” Whalen explained. “However, it’s still possible for a borrower to sue. There is arguably more litigation risk for lenders today than there has been in the past.”Whalen says there is still a demand for non-QM loans—financing for borrowers with FICO scores down into the mid-600s but who can also pay 20 to 25 percent down. However, the problem is that most investors will not buy these loans.“You can’t sell them to the government, which is 95 percent of the market today,” Whalen said. “It’s relatively easy to find investors for jumbos and high-quality borrowers, but for loans made to lower quality borrowers, there is no obvious investor. That’s why it’s not working so far. There is some demand, but it’s relatively small.”Lending in this category may increase in a couple of years when lenders and servicers can see to what degree there is successful litigation concerning non-QM loans. This will give them a better idea of what the risk profile is.“In a transaction with a less affluent borrower, lenders are going to be much more reluctant to exceed those CFPB rules for the simple fact that they may be working for a $2,000 profit on a loan over its lifetime,” Whalen said. “If they are sued in a jurisdiction like California, they could end up with a settlement that is much higher. How many times is someone going to take that risk?”According to Whalen, it’s going to be a few years into the future before non-QM loans are an investor preference. “They’re going to wait until they can better understand the risk in purchasing non-QM loans,” he said.Nevertheless, Whalen says there are a lot of interesting dynamics in this market. “We are going to probably see a very strong market for non-conforming loans this year because there is still more than $200 billion in loans that have not been resolved sitting on the books of the banks.”Whalen’s predictions for the mortgage market in 2014: “I think loan volume numbers will continue to slump through this year, and we will probably see home prices start to weaken as well.“In addition, I think we’re going to see a lot of pressure on politicians and regulators to take another look at these rules because I think we have gone too far. These new rules are limiting credit availability at a time when we want to make credit grow in this economy so that we can generate jobs. Unfortunately, the current regulatory regime is going to stifle credit creation, and it’s going to greatly limit access to mortgage credit for American consumers.”Whalen closed his predictions with “It’s going to be a challenge going forward for some organizations to stay in this market, be compliant, and as a result, be able to do business and do so profitably.”The Five Star Institute and iServe Companies have partnered to create “Mortgage Markets Today,” an in-depth, formal talk radio resource featuring expert guests, quality subject matter, and timely insights. The show delves into a vast array of topics ranging from the secondary market and federal compliance standards to real estate and mortgage lending.Investors, lenders, service providers, and all those interested in and affected by the mortgage and housing markets can tune in on the Web at Radio.TheFiveStar.com or download audio podcasts of program broadcasts from iTunes. Related Articles About Author: Sandra Lane January 21, 2014 738 Views Tagged with: Carrington Holding Company Consumer Financial Protection Bureau Investors Louis Amaya Mortgage Markets Today QM Sign up for DS News Daily center_img Carrington Holding Company Consumer Financial Protection Bureau Investors Louis Amaya Mortgage Markets Today QM 2014-01-21 Sandra Lane Previous: Villains … or Victims? Next: DS News Webcast: Tuesday 1/21/2014 The Best Markets For Residential Property Investors 2 days ago New Lending Rules Inspire Criticism The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / New Lending Rules Inspire Criticism Demand Propels Home Prices Upward 2 days ago Sandra Lane has extensive experience covering the default servicing industry. She contributed regularly to DS News’ predecessor, REO Magazine, from 2004 to 2006, covering local market trends, the effects of macroeconomic shifts on market conditions, and “big-picture” analyses of industry-driving indicators. But her understanding of the mortgage and real estate business extends even beyond those pre-crisis days. She is a former real estate broker and grew up in what she calls “a real estate family.” A journalism graduate of the University of North Texas, she has written articles for various newspapers and trade journals, as well as company communications for several major corporations.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

first_img Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic Homepage BannerNews WhatsApp Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ Facebook Google+ WhatsApp Pinterestcenter_img Nine til Noon Show – Listen back to Monday’s Programme News, Sport and Obituaries on Monday May 24th Twitter Upset among community as plans to remove Church of Ireland at St Joseph’s Hospital emerge DL Debate – 24/05/21 By News Highland – August 31, 2017 Facebook Previous articleTeagasc authorised to assess flood damage suffered by Inishowen farmersNext articleCar found in unroadworthy state seized by Gardai in Letterkenny News Highland There is anger among the community in Stranorlar as it has emerged that the Church of Ireland facility at St Joseph’s Hospital is to be removed.It is understood the HSE’s decision to transform the Church facility into a day room was done without any form of consultation and plans reveal that there has been no provision to relocate.Rev. Adam Pullen, Church of Ireland Rector in Stranorlar joined Greg on the Ten To One Show today, he says it could be upsetting to members of the community:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/08/revpullen.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Fr John Joe Duffy, Chair of Save Our St Joseph’s Hospital says while the plans also show that the size of the Catholic Church facility within the hospital is to be reduced, the HSEs latest decision continues to portray how the situation at the hospital is being handled:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/08/frjohnjoe-1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Arranmore progress and potential flagged as population grows last_img read more