Law Union And Rock Insurance Plc ( Q32014 Interim Report

first_imgLaw Union And Rock Insurance Plc ( listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2014 interim results for the third quarter.For more information about Law Union And Rock Insurance Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Law Union And Rock Insurance Plc ( company page on AfricanFinancials.Document: Law Union And Rock Insurance Plc (  2014 interim results for the third quarter.Company ProfileLaw Union & Rock Insurance Plc is an insurance company in Nigeria licensed to underwrite all classes of insurance business. The company provides non-life insurance policies which includes cover for motor, fire, burglary, general household and home owners comprehensive, group personal accident, all risks, workmen’s compensation, general third party liability, marine, professional indemnity, goods-in-transit, money, fidelity guarantee, engineering, oil and gas, cargo, onshore property, legal liability, construction erection, business interruption, and bonds insurance policies. The company was founded in 1951. Its head office is in Lagos, Nigeria. Law Union & Rock Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Why I’d buy and hold cheap dividend stocks in 2021

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens 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. 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. 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.center_img Why I’d buy and hold cheap dividend stocks in 2021 Enter Your Email Address Peter Stephens | Saturday, 2nd January, 2021 Simply click below to discover how you can take advantage of this. Cheap dividend stocks could offer a potent mix of a generous passive income and capital growth potential in 2021.Their low price levels may mean they offer high yields relative to other income-producing assets. In an era of low interest rates, this may make them more attractive to investors. The end result could be share price growth.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…Furthermore, the potential for an economic recovery means dividend shares may benefit from improving investor sentiment and stronger operating conditions. As such, they could deliver impressive total returns in 2021 and in the coming years.The relative appeal of cheap dividend stocksCheap dividend stocks could have significant appeal in 2021 relative to other income-producing assets. Their low prices after the 2020 stock market crash means that, in many cases, they offer dividend yields that are above their long-term averages. As a result, they offer a far more generous passive income than other mainstream assets.For example, cash and bonds have low income returns at the present time because of a loose monetary policy. With the global economic outlook continuing to be uncertain, it seems unlikely there’ll be a substantial increase in interest rates before the end of the year.This could hold back the return profiles of cash and bonds. Meanwhile, property price growth over the past decade means the yields on investment property are relatively unattractive compared to many dividend shares.The high passive income on offer from cheap dividend stocks means investor demand for them could increase significantly. This may drive their prices higher, which would benefit investors through improving capital returns over the long run.Dividend growth in a recovering economyWhile cheap dividend stocks offer a relatively generous income return today, they could deliver strong growth in shareholder payouts in the coming years. The world economy is widely expected to recover from its 2020 woes over the next few years.Its strong track record of recovery suggests this may prompt improving operating conditions for many dividend stocks that means they can afford rising shareholder payments. As such, the passive income potential of dividend stocks appears to be high.Higher inflation could become a reality due to a prolonged period of low interest rates and quantitative easing across many major economies. This means the high dividend growth rates that may be available on cheap dividend stocks could make them increasingly attractive.Buying and holding a diverse range of dividend sharesOf course, it’s crucial to buy and hold a diverse range of cheap dividend stocks. Some sectors and regions may continue to struggle in 2021. This is due to ongoing challenges such as political instability in Europe and the ongoing coronavirus pandemic.Therefore, a portfolio that contains a broad range of stocks could be less risky than a concentrated group of holdings. Over time, it could deliver a higher passive income and stronger dividend growth.last_img read more

St Kilda East House / Claire Scorpo Architects

first_imgArchDaily St Kilda East House / Claire Scorpo ArchitectsSave this projectSaveSt Kilda East House / Claire Scorpo Architects ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Australia Projects Houses 2015 “COPY” Photographs Area:  11 m² Year Completion year of this architecture project CopyHouses•Melbourne, Australiacenter_img CopyAbout this officeClaire Scorpo ArchitectsOfficeFollowProductsSteelBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMelbourneAustraliaPublished on December 07, 2016Cite: “St Kilda East House / Claire Scorpo Architects” 06 Dec 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemPlasticsMitrexSolar SidingMetal PanelsAurubisCopper Alloy: Nordic RoyalSystems / Prefabricated PanelsKalwall®Translucent WalkwaysPanels / Prefabricated AssembliesIsland Exterior FabricatorsSpecialty Facade SystemsLightsLouis PoulsenLamps – LP Slim BoxWoodBruagAcoustic Panels with LEDTiles / Mosaic / GresiteHisbalitMosaic Tiles – Palm SpringsMineral / Organic PaintsKEIMBlack Concrete – Concretal®-BlackSuspension SystemsMetawellAluminum Panels for Smart CeilingsDoorsGorter HatchesFloor Door – Fire RatedBricksDEPPEWaterstruck Bricks – 1622/1635ekws DFMore 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 Year:  Photographs:  Tom Ross Manufacturers Brands with products used in this architecture project Manufacturers: Dioscuri, I-O-N, Like Butter, Mikado, Opal, Porcelain Bear, Trim Deck BasaltBudget:$120000 AUDCity:MelbourneCountry:AustraliaMore SpecsLess SpecsSave this picture!© Tom RossRecommended ProductsPorcelain StonewareApavisaFloor Tiles – RegenerationSkylightsLibartSolaGlide Inclined Retractable SkylightDoorspanoramah!®ah! PivotPorcelain StonewareCeramiche KeopeCeramic Tiles – BackText description provided by the architects. St Kilda East House is a tiny addition to an existing Edwardian House in Melbourne, Australia. With just 11m2 of new building works, this project engaged with big ideas within a modest footprint and budget to enhance the quality of everyday experience for the family living here.Save this picture!© Tom RossSave this picture!SectionSave this picture!© Tom RossThe form of the addition borrows directly from the existing house, matching the height and pitch of the roofline.  This is expressed in the repeated portal frame module that is cutback to enhance the relationship between existing house and garden, and give a direct northern face for light and shadows.The act of pushing the kitchen out into the garden allows an activation of the outside throughout the year.  Within the house, each of the living spaces are connected, yet in a push away from open plan, have their own independence allowing the space to be used in a range of ways as the family grows.There are some bigger ideas engaged with through the design of this addition.  The main of these were: Modest footprint, high engagement with landscape, capturing of light and shadow, delight of verticality in a small plan area, space that changes continually throughout the day, adaptive planning that hugs this small site, engagement with context, dynamic, kitchen as pivot point to activity.The small addition retains the existing generous setback from the neighbouring property to retain a useable side yard, soon to be populated with chickens.  This project re-examines a common approach to additions, by containing the new program in a tiny envelope.Project gallerySee allShow lessHui | Origin of Everything / C.DDSelected ProjectsBlue Bottle Coffee Shinagawa Cafe / Schemata ArchitectsSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Architects: Claire Scorpo Architects Area Area of this architecture project St Kilda East House / Claire Scorpo Architects “COPY” Save this picture!© Tom Ross+ 19 Sharelast_img read more

British in top three of home Internet usage

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. In Germany there are 12.28 million, but they use the Web more. They are online for an average of 13.6 hours each month.Not surprisingly, Internet users like to be entertained: nearly 60% of UK users had visited an entertainment site in the previous nine months,and spent an average of 57 minutes there. Howard Lake | 5 April 2001 | News British in top three of home Internet usage  12 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis British adults are now third in Europe in terms of using the Internet from home.British adults are now third in Europe in terms of using the Internet from home.British adults now spend seven hours a month online at home, according to research by Jupiter MMXI. This represents an increase of 226% over the past nine months. There are now 13.46 million adults using the Web at home. Advertisementlast_img read more

Charities turn to Charity Digital Code of Practice for support during pandemic

first_img Tagged with: COVID-19 Digital  270 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Melanie May | 23 February 2021 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis With the past year seeing a huge surge in digital activity, the Charity Digital Code of Practice site has recorded almost 9,000 users since March 2020, 78% of which have been new to the site.The Code, which is voluntary and free to access for all charities, has also grown new followers by 242% and increased engagement by 114%.The Code’s steering group has also heard from a number of charities who have increased their digital confidence in the past months from using its resources.All We Can, an international development and relief organisation based in London, has been inspired by The Code to incorporate digital across the organisation including through new online finance and HR systems as well as international programmes.Dean Gillespie, Digital and Data Manager at All We Can, said:“We have witnessed a record amount of online income and seen the fastest growth in the acquisition of new regular givers in our organisation’s history thanks to digital innovation such as large virtual events. By embedding a ‘people-first’ approach, there has also been a significant increase in engagement and online audience growth. Over the last year, we have grown new followers by 242% and increased engagement by 114%.“The Code helped us develop the right strategy and create the right culture and it is adaptable to all sizes of charities. It has been so successful for us and we would encourage others to use it too!” VONNE, an infrastructure body in the North East of England, used the principles in The Code as a sense check when the country went into lockdown.Deputy CEO Anne Fry said: Advertisement Charities turn to Charity Digital Code of Practice for support during pandemic “We are going to be keeping a lot of the digital tools and ways of working. Through digital we’re increasing reach and impact. Digital can ultimately help us be more adaptable at this time of huge change.”At the start of the pandemic The Code’s steering group and developers created a programme of activity to help charities during lockdown, encouraging them to use its resources to help make the right decisions about digital at a time of rapid digital adoption and follow its best practice to guide them during the crisis.Zoe Amar, Chair of the Charity Digital Code of Practice, said:“The last 12 months have been particularly challenging for the charity sector and we’re delighted to see that this free resource is offering such wide reaching support to staff who want to develop their digital skills.“We’re especially pleased about the variety of organisations and the different members of the charity workforce benefiting from The Code. The peer to peer support available to enable all charities to increase and improve their digital activity is also something we’re very proud to facilitate. This support might be through webinars hosted by the Code, the sharing of stories and case studies, or free consultations offered by Digital Candle, an initiative supported by one of The Code’s partners, Catalyst.“Covid-19 has accelerated the trend for digital adoption. Charities need to grow their skills, confidence, leadership and strategic approaches to embrace this if they are to remain relevant and gain the support and income needed to deliver their work.”The Code is funded by Charity IT Leaders, the Co-op Foundation, Cisco, and Lloyds Banking Group, with support from CAST as part of Catalyst. It’s managed by a steering group of representatives from across the sector and chaired by independent digital expert Zoe Amar.Charities can access the Charity Digital Code of Practice by visiting and join the conversation about the code by using the hashtag #CharityDigitalCode. They can also volunteer to become Code Champions, by emailing [email protected] These people are volunteers who have experience of using the code’s resources and adopting best practice and want to share their expertise with other charities. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

French news channel’s journalists shocked by advertorial plan

first_img Reporters Without Borders (RSF) condemns plans by the management of the French 24-hour TV news channel iTélé to make its journalists produce advertorials – which would not be clearly identified as such – in order to attract more advertising. The staff are currently voting on a union motion that they should oppose this unprecedented plan, as well as the management’s plans for drastic cuts. Voting began yesterday and will continue all week.The plans were unveiled at a tense meeting on 1 June between iTélé’s new CEO, Serge Nedjar (a close associate of billionaire businessman Vincent Bolloré), and the head of the Association of Journalists (SDJ) at iTélé, Olivier Ravanello.“Mentalities will have to change” because iTélé can no longer earn enough from traditional advertising, Nedjar said, adding that the news channel would have to “participate in more partnership operations.” When Ravanello questioned the ethics of these new directives, Nedjar replied: “There is nothing to discuss because you will do what you’re told.”These quotes and other details of the meeting are contained in a letter that the SDJ sent to iTélé’s journalists. RSF has obtained a copy.Nedjar clearly wants to make space for programmes funded by brand advertisers and to get corporate sponsorship for certain stories. This violates the principles of ethical journalism, under which reporting and editorial content must be clearly distinguishable from advertising.“We deplore such practices, which run counter to the principles that are spelled out very clearly in the Munich Charter for journalists,” said Pauline Adès-Mével, the head of RSF’s EU-Balkans desk.“The charter states without any ambiguity that journalists must never confuse their profession ‘with that of advertisements salesmen or propagandists.’ We strongly condemn any attempt to stray from this principle. The truth and accurate reporting of the facts cannot be contingent on business interests. The reliability of the media and journalistic credibility are at stake.”France is ranked 45th out of 180 countries in RSF’s 2016 World Press Freedom Index. News FranceEurope – Central Asia Media independence Conflicts of interest iTélé TV studio/ Crédit AFP Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU Help by sharing this information News June 7, 2016 French news channel’s journalists shocked by advertorial plan Follow the news on France “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says Receive email alerts Organisation News FranceEurope – Central Asia Media independence Conflicts of interest RSF denounces Total’s retaliation against Le Monde for Myanmar story News to go further June 2, 2021 Find out more June 4, 2021 Find out more RSF_en May 10, 2021 Find out morelast_img read more

Two journalists and four dissidents on hunger strike in prison

first_img RSF_en News CubaAmericas October 12, 2018 Find out more Two journalists and four dissidents in prison in Holguin have started a hunger-strike in protest against the placing of another prisoner, journalist Ivan Hernández Carillo, in a “punishment cell”. The editor of the independent magazine De Cuba, Claudia Márquez Linares, was briefly detained on 29 October. Cuba and its Decree Law 370: annihilating freedom of expression on the Internet to go further News Help by sharing this information New press freedom predators elected to UN Human Rights Council October 30, 2003 – Updated on January 20, 2016 Two journalists and four dissidents on hunger strike in prison Independent journalist Claudia Márquez Linares releasedClaudia Márquez Linares, who earlier this month brought out a new issue of the independent magazine De Cuba, was freed after being held for two hours. She told Agence France-Presse (AFP) news agency she had been taken to the offices of the 6th police unit in the Mariano neighbourhood of Havana and told that she could not publish any further issues of the magazine. “They said I would have to face the consequences if I did.” The police also told her she had not been arrested as a threat but as a “warning” not to work as a journalist any more. She said on her release that she would continue to do so however.——————————————–29.10.2003 – Reporters Without Borders today voiced deep concern about the state of health of two independent journalists and four other dissidents who began a hunger strike on 18 October in the Holguín provincial penitentiary in central Cuba, where they are all held, to protest against the placing of Iván Hernández Carrillo, another independent journalist, in a “punishment cell” the previous day.The six hunger strikers are journalists Adolfo Fernández Sainz and Mario Enrique Mayo and dissidents Antonio Díaz Sánchez, Alfredo Domínguez Batista, Angel Moya Acosta and Arnaldo Ramos Lauzurique.”This new hunger strike is prompted by the deplorable conditions in which journalists and prisoners of conscience are being held,” said Reporters Without Borders secretary-general Robert Ménard. Hernández Carrillo was put in a punishment cell just for protesting against the refusal of the prison authorities to give him the treatment he needs for his high blood pressure, the relatives of fellow detainees said.Several imprisoned journalists have complained about the lack of medical treatment. Fernández Sainz, Mayo and Hernández Carrillo already staged a hunger strike in August to protest against prison conditions.Reporters Without Borders is also concerned about Claudia Márquez Linares, the editor of the bimonthly dissident magazine De Cuba and Reporters Without Borders’ correspondent. According to information received by the organisation, she was at the home of Laura Pollán, the wife of imprisoned journalist Hector Maseda Gutiérrez, yesterday when security agents arrived and threatened to arrest her for “contempt” if she refused to come with them. They said they just wanted to “chat” with her for a few hours.Publication of De Cuba halted after the arrest in March of its founders, Ricardo González and Raul Rivero, but Márquez Linares managed to bring out a new issue on 1 October. By harassing her now, the authorities are again trying to put a stop to the circulation of independent news and information, Reporters Without Borders said.Hunger strikers Fernández Sainz and Mayo are serving sentences of 15 and 20 years respectively. Like Hernández Carrillo, Fernández Sainz worked for the independent news agency Patria. He was also a correspondent for the Russian human rights news agency PRIMA News. Mayo worked for the Félix Varela independent news agency. The other hunger strikers, Díaz Sánchez, Domínguez Batista, Moya Acosta and Ramos Lauzurique, are serving terms of 20, 14, 20 and 18 years respectively.Domínguez Batista’s wife Melba Santana and Mayo’s wife Maidelin Guerra were received by a prison official when they went to the prison on 27 October. He told them Hernández Carrillo was being punished for showing disrespect to a guard. Under the rules, the punishment could last three months. He could then be transferred to another prison. According to Santana, a “punishment cell” is a very small one with no light or ventilation. Santana said her husband and the other five are continuing their hunger strike. None of them was allowed to telephone their family on 28 October as these calls are only permitted when they “respect the rules.” Fernández Sainz’s wife Julia Nuñez said she was worried about her husband’s health as he already seemed very thin the last time she was allowed to visit him, on 7 October. She will not be allowed to make another visit until 3 January.Fernández Sainz and Mayo began their previous hunger strike together with Hernández Carrillo on 15 August to demand the right of inmates with chronic illnesses to receive medicines and an adequate diet. They called off the strike on 25 August when the authorities agreed to provide Mayo with a diet appropriate to his state of health. Fernández Sainz lost 15 kg in the course of the strike.Independent journalists Manuel Vázquez Portal, Juan Carlos Herrera Acosta and Normando Hernández González, who are in Boniatico prison in the eastern city of Santiago de Cuba, also began a hunger strike on 31 August in protest against prison condition. As a result, they were transferred to another prison.Cuba is now the world’s biggest prison for journalists, with 30 currently detained. Twenty-six of them were arrested along with 50 dissidents in an unprecedented crackdown in March. In a ranking of 166 countries worldwide according to respect for press freedom, published by Reporters Without Borders on 20 October, Cuba was in second from last position, ahead only of North Korea. October 15, 2020 Find out more News Organisation Receive email alerts RSF and Fundamedios welcome US asylum ruling in favor of Cuban journalist Serafin Moran Santiago Follow the news on Cuba May 6, 2020 Find out more News CubaAmericas last_img read more

Video: interview with Sunanda Deshapriya

first_img Interview with Sunanda Deshapriya, a journalist and press freedom activist in Sri Lanka:Reporters sans frontières: Entretien avec Sunanda Deshapriyaenvoyé par rsf_internet. – L’info internationale vidéo. October 5, 2009 – Updated on January 25, 2016 Video: interview with Sunanda Deshapriya RSF_en Organisation center_img News Help by sharing this informationlast_img

Pasadena Unified Teachers Win Local and National Accolades

first_img 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 Name (required)  Mail (required) (not be published)  Website  More Cool Stuff L-R: Ravishanth Dev Anandhan (Sierra Madre Middle School), Mellason Chidester, (Longfellow Elementary School), Rose Evans (Pasadena High School), Maria A. Soto (Willard Elementary School) and Kaiulani Sallas Venable (Jefferson Elementary School). Photo courtesy PUSDPasadena Unified School District (PUSD) teachers have been recently acknowledged as some of the best of the best in their profession. Whether being named a Teacher of Excellence, member of a “dream team,” or participating in a research mission in Tahiti, PUSD instructors truly are some of the finest in the business.2014 Pasadena Unified Teachers of ExcellenceThe Pasadena Rotary Club honored five PUSD educators as “Teachers of Excellence” during their annual ceremony in May that honors teachers who excel in their profession. This year’s honorees are: Ravishanth Dev Anandhan (Sierra Madre Middle School), Mellason Chidester, (Longfellow Elementary School), Rose Evans (Pasadena High School), Maria A. Soto (Willard Elementary School) and Kaiulani Sallas Venable (Jefferson Elementary School).The Teachers of Excellence program is a collaborative effort between the Rotary Club, the PUSD, and the United Teachers of Pasadena. The Rotary Club invites all school principals and parent associations to nominate teachers for this honor, and a selection committee composed of administrators, principals, Rotarians and previous winners reviews the entries.This year’s Teachers of Excellence recipients have distinguished themselves as teachers who engage students in learning, create an exciting classroom environment, and have a positive impact on the future of PUSD students. Finalists submitted an essay, and a video, filmed and produced by PUSD’s KLRN television station, to demonstrate classroom activity and discuss their personal experiences, perspectives, and goals.Teachers of Excellence winners were honored during an awards ceremony May 21. One winner, Mellason Chidester, will have the additional honor of being named the PUSD nominee for Los Angeles County Teacher of the Year. Video vignettes about each of the winners can be found at 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. Top of the News First Heatwave Expected Next Week Make a comment 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 * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center_img Community News Herbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty10 Ways To Get Into Shape You’ve Never Tried BeforeHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeauty Community News Education Pasadena Unified Teachers Win Local and National Accolades From STAFF REPORTS Published on Friday, June 13, 2014 | 2:01 pm 2 recommended0 commentsShareShareTweetSharePin it Business News Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

New York Buys Distressed Mortgages to Fight Zombie Homes

first_img New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill the market. To date, the Fund has invested around $10 million and purchased 570 distressed mortgages, according to Newsday.In a news statement, Cuomo said, “New York continues to fight the spread of Zombie properties by supporting homeowners seeking the American Dream and investing in at-risk neighborhoods. Through this transformative program, New Yorkers are provided the tools they need to make critical home improvements while helping communities grow stronger in every corner of the state.”Newsday reports that this latest round of purchases was funded through a mixture of more than $35 million in “privately funded debt and equity investments” and around $3 million from state settlements with lenders over foreclosure abuses. While state officials said that the primary goal was to keep the affected homeowners in their homes, the program could make some of its money back if those homeowners resume making mortgage payments.Carol Yopp, Director of Counseling at the Long Island Housing Partnership, said that helping homeowners avoid foreclosure would “ stabilize the neighborhood and have a homeowner back on the tax rolls.”While foreclosure rates have been trending downward nationwide, PropertyShark’s annual foreclosure report recently found that New York City had 3,306 homes scheduled for auction in 2017, a year-over-year increase of 58 percent. However, the number of homes entering the foreclosure process with the receipt of a lis pendens notice—a formal notice of intent to foreclose, sent from the lender to the borrower after several months of delinquency—continued the downward trend of previous years. New York City recorded 12,072 new filings in 2017, which amounted to a four percent year-over-year decrease. That’s the lowest total in a decade, with the exception of 2011’s 10,911 filings throughout the city.The state has also been moving to fight urban blight and abandoned “zombie homes” in a variety of ways. The state is considering fast-tracking foreclosure laws as other states such as Ohio and Maryland have, and in June 2016 Gov. Cuomo set up a consumer hotline to take reports of zombie properties, of which there are an estimated 6,000 within the state of New York alone. According to a yearlong Newsday analysis, vacant properties cost Long Island at least $295 million in depreciated home values.Recently, the LegalShield Foreclosure Index, one of five indices tracking multiple key economic indicators published monthly by LegalShield, dropped nearly 20 percent year-over-year, showcasing a continued national downward trend in foreclosure starts. According to the Foreclosure Index, “a recent surge in long-term interest rates has driven mortgage rates to their highest levels since 2014, which could lead to increased financial stress for homeowners with an adjustable-rate mortgage. For the time being, however, foreclosures are likely to remain muted, as the LegalShield Foreclosure Index—which is calibrated to provide an early warning signal to the market of an impending rise in foreclosure activity—points to minimal foreclosure activity in the next 2-3 months.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Andrew Cuomo Community Restoration Fund distressed mortgages Foreclosure Foreclosure Alternatives Mortgage Delinquencies New York The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago New York Buys Distressed Mortgages to Fight Zombie Homes Share Save The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: David Wharton Related Articles Previous: For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth Next: Early-Stage Mortgage Delinquencies Dropped in Q4 2017 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 12, 2018 2,766 Views Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, Journal, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Andrew Cuomo Community Restoration Fund distressed mortgages Foreclosure Foreclosure Alternatives Mortgage Delinquencies New York 2018-02-12 David Wharton Subscribe Sign up for DS News Daily Home / Daily Dose / New York Buys Distressed Mortgages to Fight Zombie Homeslast_img read more