Guaranty Trust Bank Plc ( Q12016 Interim Report

first_imgGuaranty Trust Bank Plc ( listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2016 interim results for the first quarter.For more information about Guaranty Trust Bank Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Guaranty Trust Bank Plc ( company page on AfricanFinancials.Document: Guaranty Trust Bank Plc (  2016 interim results for the first quarter.Company ProfileGuaranty Trust Bank Plc (GTBank) is a leading financial services institution in Nigeria with business operations in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania and the United Kingdom. The company provides banking products and services for the retail, commercial and corporate banking sectors. GTBank has received numerous accolades in recognition of excellent service, delivery, innovation, corporate social responsibility and good corporate governance include ‘The Best Banking Group by World Finance Magazine’ and ‘The Most Innovative African Bank by The African Banker Magazine’ in 2016/2017. GTBank’s head office is in Lagos, Nigeria. Guaranty Trust Bank is listed on the Nigerian Stock Exchangelast_img read more

Kenya Commercial Bank ( 2020 Abridged Report

first_imgKenya Commercial Bank ( listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2020 abridged results.For more information about Kenya Commercial Bank reports, abridged reports, interim earnings results and earnings presentations visit the Kenya Commercial Bank company page on AfricanFinancials.Kenya Commercial Bank Abridged Results DocumentCompany ProfileKenya Commercial Bank (KCB) Rwanda Limited is a commercial bank offering financial solutions to private individuals and the corporate banking segment in Rwanda. KCB Bank Rwanda is a wholly-owned subsidiary of the KCB Group which is East Africa’s largest commercial bank by asset base. The Bank was established in 2008 after it was licensed by Rwanda’s banking regulator, the National Bank of Rwanda. It has 14 branches located in the main towns and cities of Rwanda as well as an extensive network of KCB Iwacu agents. Kenya Commercial Bank is listed on the Rwanda Stock Exchangelast_img read more

Worried about a second stock market crash? I’d buy these 2 FTSE 100 dividend shares today

first_imgWorried about a second stock market crash? I’d buy these 2 FTSE 100 dividend shares today Peter Stephens | Thursday, 23rd July, 2020 | More on: GSK NG 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. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares See all posts by Peter Stephens Peter Stephens owns shares of GlaxoSmithKline. The Motley Fool UK has recommended GlaxoSmithKline. 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.center_img Enter Your Email Address 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. The prospect of a second stock market crash means that FTSE 100 dividend shares with defensive characteristics could become increasingly attractive to investors.They may offer less risk, greater stability and a relatively reliable passive income should the stock market experience a major downturn.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…With that in mind, here are two large-cap income shares that appear to offer a potent mix of impressive return prospects, as well as a degree of stability in what continues to be a very uncertain period for the wider economy.GSKWhile numerous FTSE 100 shares have downgraded their forecasts after the stock market crash, GSK (LSE: GSK) maintained its financial guidance following its most recent quarterly update. Although there are risks facing the business, such as logistical challenges within its supply chain, its sales performance is less dependent on the prospects for the world economy than many of its index peers.As such, the business has stated that it intends to maintain its dividend payout at around 20p per share per quarter. This equates to a dividend yield of just under 5%, which could become increasingly attractive due to the prospect of an extended period of low interest rates.Furthermore, GSK could offer strong earnings growth that allows its share price to outperform many of its FTSE 100 peers. Its plans to reorganise its structure may create a more efficient business model, while its recent quarterly update highlighted its 19% sales growth and improvements that are being made within its pipeline.Therefore, now could be the right time to buy a slice of the business while the prospect of a second stock market crash is likely to remain a very real threat to investors over the coming months.FTSE 100 utility stock National GridAnother FTSE 100 stock that could offer defensive appeal and a relatively resilient dividend income is National Grid (LSE: NG). Its recent annual results highlighted its operational resilience despite logistical challenges, while it expects no long-term material impact related to the coronavirus pandemic.Furthermore, it increased its dividend payout by 2.6% versus the prior year. Its capacity to offer inflation-beating income growth, as well as a 5.4% yield, could make it an increasingly attractive income investing opportunity at a time when many large-cap shares are reducing their shareholder payouts.Of course, the company faces regulatory uncertainty that could hold back its share price performance in the short run, as well as impact negatively on its returns in the long term. However, with a relatively high yield and the prospect of a second market crash, its overall appeal could increase relative to other FTSE 100 shares.Therefore, now could be the right time to buy a slice of National Grid while many blue-chip shares look set to disappoint dividend investors over the coming months. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Hotshot: Blues No 8 Hoskins Sotutu

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS What positions have you played? I started as a winger, then moved to lock at 17, then six, wing, second-five. My last year at school I played No 8. My first year out of school I played first-five for Marist and now I’m settled as No 8.What are your strengths? My ball-carry is probably my main attribute. I like to think I have good soft skills as well. My defence is a work in progress.Who has been the biggest influence on your career? Dad. He’s always helping me. During lockdown he was on my case every day making sure I’d done my training. He even got me to do a Bronco before I came in post-Covid. Man, I really didn’t want to do it twice!What are your goals? To keep the team strong and help them continue to improve. It is all about the team. I’ve signed for two more years with the Blues, which is great.RW VERDICT: A standout performer in Super Rugby Aotearoa, Sotutu has been with the Blues since U17 level and says pro rugby is a “dream job”. He’s already being tipped for All Blacks honours and has the pedigree for Test rugby. This article originally appeared in the August 2020 edition of Rugby World magazine.Follow Rugby World on Facebook, Instagram and Twitter. Great eight: Hoskins Sotutu charges forward during Super Rugby Aotearoa (Getty Images) center_img Blues No 8 Hoskins SotutuDate of birth 12 July 1998 Born Auckland Position No 8 Franchise Blues Country New ZealandWhat sports did you play growing up? Rugby and football. I played baseball in summer and fitted in basketball when I could.When did you focus on rugby? My dad said I should give rugby a good shot. From high school it was rugby but it was not until I was 17 that I began to take it seriously. I played two years of first XV at Sacred Heart College.Your father played for Fiji. Did you feel pressure? I never felt any. I always got told Dad was a good player but I didn’t make the comparison as he was a back and I’m a forward. I was young when he finished, so I never watched him much.What do you most enjoy about rugby? Training days, the camaraderie, seeing the boys and having a laugh. Hanging out with my mates is great every week – it’s fun as well as hard work. We’re all mates as well as team-mates.Any childhood heroes? Growing up I used to think Joe Rocks (Rokocoko) was the man – a big Fijian winger who scored lots of tries. As I got older, I looked up to guys like Jerome (Kaino). This young back-rower is being hotly tipped for All Blacks honourslast_img read more

Empordà House / Núria Selva Villaronga

first_imgArchDaily Spain ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Empordà House / Núria Selva Villaronga 2011 2011 Year:  CopyAbout this officeNúria Selva VillarongaOfficeFollowProductsStoneConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesGironaHousesSpainPublished on February 04, 2014Cite: “Empordà House / Núria Selva Villaronga” 04 Feb 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogFaucetshansgroheKitchen MixersVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Fine WoodPartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesCultural / SportsPENT FitnessFitness Equipment – BANKA™ Weight BenchSignage / Display SystemsGoppionDisplay Case – B-ClassConcreteKrytonCrystalline Waterproofing – KIMMetal PanelsTrimoQbiss One in OfficesBricksFeldhaus KlinkerFacing Bricks – Waterstruck VascuWood Boards / HPL PanelsInvestwoodViroc Nature for FurnitureCurtain WallsMetawellFacades – Aluminum Curtain WallsHeatingFocusFireplaces – PaxfocusPatios / TerracesGlas MarteGlass Pavilion – GM Pavillon360More products »Read commentsSave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 Save this picture!© Adrià Goula Sardà+ 25 Share CopyHouses•Girona, Spain Houses Area:  400 m² Area:  400 m² Year Completion year of this architecture project Year:  ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs:  Adrià GoulaSave this picture!© Adrià Goula Sardà Save this picture!© Adrià Goula SardàA small village, in the Baix Empordà area, formed by a handful of old houses folded along a “U” shaped street the middle of which the square that opens up the view to the church hangs from, and two or three plots, old orchards yet to be build, is the setting for this home´s project.Save this picture!Master PlanThe threads of the project are the fitting of the building in this friendly, small and peaceful atmosphere and the development of a residential program not entirely conventional, defined by the property.Save this picture!© Adrià Goula SardàThe house occupies a plot of irregular shape which forms an esplanade lifted from the street´s gradient. The compacted volume, four winds and gabled roof, includes the fundamental features of a rural house. The exterior wall coverings of natural stone windowed the traditional way, the tile roof with eaves of ceramic tile, the arched spaces vaulted with bricks and the openings resolved with dark woodcraft and Venetian booklet blinds, are the expressive  elements that blend the house with the environment and naturally integrate it.Save this picture!North and West FacadeDespite the shape of the plot, the building´s plant has an orthogonal matrix defined by two displaced rectangles that overlap. From one of these rectangles drifts the enclosed volume gabled roof; the other marks the arcades on the ground floor and first floor terraces, meaning, open spaces that serve the inside program.Save this picture!© Adrià Goula SardàThe access, both pedestrian and vehicular, is performed by the north side of the plot. The ground floor, in fact, unfolds into two levels. The lower level floor that occupies the strip next to the street is accessed from the it with a moderate slope, while the back strip southwards´ oriented, is leveled with the gradient and connects to the garden.Save this picture!Ground Floor PlanThe scale occupies a central position in the plant. Saves the gap between the areas of the ground floor and continues until the first floor and the undercovered not inhabitable space.Save this picture!© Adrià Goula SardàThe ground floor´s unfolding into two levels has correspondence with its uses: parking in the side of the street, living-room, office and guests´ bedroom, plus some service rooms, in the high slope overlooking the garden. The floor´s inhabitable segment is surrounded on the outside by a porched space covered with brick vaults, which extends it to the garden facing south.Save this picture!© Adrià Goula SardàThe first floor houses the more private program with a living room- dining room and an open kitchen, also facing a porch excavated from the main volume and terraces, besides three double bedrooms, each with its own bathroom.An outside staircase attached to the porched volume connects the outdoor spaces and garden. The strategy for landscaping the outside has been the paving around the house following the straight guidelines marked by it, leaving jagged edges free to plant and extend the paved space around the house with pieces of rectangular plant, one paved with gravel containing a pergola with roses, another woodpaved, next to a hydromassage mini- pool. At the end of the garden, there are two rows of fruit trees and a small orchard.Project gallerySee allShow lessFour Practices Re-Envision Parking in Long Island DowntownsCompetition ResultsMonde & Medias / TVK – Trévelo & Viger-Kohler + NP2FSelected Projects Share Photographs Architects: Núria Selva Villaronga Area Area of this architecture project “COPY” Empordà House / Núria Selva VillarongaSave this projectSaveEmpordà House / Núria Selva Villaronga “COPY” Projectslast_img read more

Liar Kavanaugh has got to go!

first_imgSome 120 people were arrested at Hart Senate building protesting Brett Kavanaugh.Sept. 24 — President Donald Trump’s Supreme Court nominee, Brett M. Kavanaugh, was considered a shoo-in when Senate hearings on his nomination began Sept. 4. But that was completely derailed 10 days later when allegations surfaced about a 1982 case of sexual assault, which Kavanaugh has unequivocally denied.The tables have been turned upside down on Kavanaugh and all who support him. Now he — and his many lies — are on the defensive.A hearing where Dr. Christine Blasey Ford (she’s professionally called Dr. Blasey) will describe the criminal attack she experienced as a 15-year-old is scheduled for Sept. 27. This situation is reminiscent of Anita Hill’s testimony about sexual harassment during the Clarence Thomas hearings in 1991.But the 11 Republican senators, all older cis-gender males, face a dilemma in how they conduct that hearing: If they bluntly interrogate Dr. Blasey with open disbelief and hostility — as Trump, chair of the Senate Judiciary Committee Charles E. Grassley and others have already attempted — then the hearing will look totally biased, a blatant replay of the sexist attacks on Hill in 1991 that began opening the floodgates on women’s consciousness against the patriarchal capitalist system.Social and cultural attitudes of the vast majority of U.S. working women have evolved dramatically in the intervening 27 years. As noted in a front page article, “Nominee’s Fate Is Pivotal Point in U.S. Politics” in the Sept. 23 New York Times: “[T]he battle over [Kavanaugh’s] confirmation has swelled into an event of titanic consequence in the country’s evolution on matters of gender and women’s equality.” And as a Sept. 22 NY Times editorial headline summarized, “G.O.P. Leaders Can’t Fake Respect.”To complicate matters, a second accuser has come forward — Deborah Ramirez, a classmate of Kavanaugh’s at Yale — in a Sept. 23 New Yorker article. Though Kavanaugh has also denied her account, it is too early to tell how this will affect his confirmation.Dr. Blasey to testifyDr. Blasey is a professor at Palo Alto University and teaches in a consortium with Stanford University, training graduate students in clinical psychology. According to a Sept. 22 interview in the Washington Post, Dr. Blasey has researched depression, anxiety and resilience after trauma and published widely in academic journals. She has devoted her entire professional life to trying to understand, cope with and recover from the sexual assault she experienced as a youth.Dr. Blasey attended the private all-girls Holton-Arms School and knew Kavanaugh because they were in the same elite country club circles. He went to all-boys Georgetown Prep. One summer evening in 1982 she attended a party in Bethesda, Md., with a few other youth, where Kavanaugh sexually assaulted her. In a letter to Sen. Dianne Feinstein, Dr. Blasey gave explicit details of the assault, which were quoted in the Washington Post article. Blasey said she was afraid Kavanaugh “might inadvertently kill me.” However, she was eventually able to free herself and escape after locking herself in a bathroom and after a while running out of the house.As a Sept. 17 artlcle reported: In Maryland where the alleged incident took place, “using force to molest someone without their consent is a felony, with a maximum sentence of 10 years in prison.”Dr. Blasey did not talk about the incident until she was in psychotherapy years later. According to a Sept. 16 Washington Post article, “[S]he came to understand the incident as a trauma with lasting impact on her life. ‘I think it derailed me substantially for four or five years,’ she said. She struggled academically and socially, she said, and was unable to have healthy relationships with men. ‘I was ill-equipped to forge those kinds of relationships.’ She also said that in the longer term, it contributed to anxiety and post-traumatic-stress disorder symptoms with which she has struggled.”After her name became public when mentioned in connection with Kavanaugh’s confirmation hearings, Dr. Blasey received death threats, so she, her two young boys and her spouse left their home. In addition she has been denounced in the most vile and disrespectful terms via social media. In response, she told the Washington Post: “Now I feel like my civic responsibility is outweighing my anguish and terror about retaliation.” Anticipating that her allegations might be denounced, she took a polygraph test administered by a former FBI agent on Sept. 16, which verified her story.Reactions from women’s advocates and othersWomen’s advocates and those who support reproductive justice, who oppose Kavanaugh being added to the Supreme Court, are wary of how Dr. Blasey’s testimony will be received. As New York Times columnist Maureen Dowd wrote on Sept. 23: “It is unnerving to think how far women have come, only to find ourselves dragged back to the same place.” Dawn Lagoons, executive vice president of Planned Parenthood, quoted in the front page NY Times article, questioned how women are perceived in 2018: “Are we respected? Are we believed? Are we equal?”Fatima Goss Graves, president of the National Women’s Law Center, said the Senate’s immediate negative reaction to Blasey “exposed an enormous gulf between the country’s political institution and the outlook of many American women,” especially if senators attack Dr. Blasey and ignore survivors.Tarana Burke, who started #MeToo for survivors of sexual assault in 2006, worried that the current situation would be “more wrenching” than the 1991 hearings because, despite women speaking out against sexual violence today, “[W]e still have an unresponsive set of politicians.” In anticipation of a backlash, Garrett Ventry, Republican staff member on the Judiciary Committee, resigned Sept. 22 after NBC News revealed allegations of sexual harassment against him.Ominous clouds were already hanging over Kavanaugh’s head before Dr. Blasey came forward. Sen. Cory Booker (D-N.J.) protested, to no avail, that thousands of pages of information about the nominee had been purposely withheld, especially covering the time Kavanaugh assisted independent counsel Kenneth Starr during the failed Clinton impeachment and the Bush-era torture of detainees.Reports of Kavanaugh’s heavy drinking starting in high school have since emerged, including his membership in a fraternity at Yale that was “notorious for disrespecting women” and in the “secret society” for seniors called Truth and Courage, also known by a slang sexist expression. (People, Sept. 20)The hearings also revealed that Kavanaugh had close ties to federal judge Alex Kozinski, who had to retire after accusations of sexual assault and harassment by at least 15 women. But Kavanaugh denied any knowledge of that.Many people were arrested during the hearings, speaking out for the rights of working people for accessible health care, legal abortion and workers rights. (See two WW articles by this writer: “Kavanaugh is no friend to workers,” in WW Aug. 9; “Trump nominated Kavanaugh to overturn legal abortion,” posted Aug. 14)Struggle to end patriarchy persistsWhatever comes of this ruling-class crisis, the struggle to end patriarchy, which is a pillar of capitalist oppression, can only continue to grow as misogyny continues to be exposed and denounced. Think of the display of working-class power on Sept. 18 as hundreds of workers came out in at least 10 cities from coast-to-coast protesting the sexual harassment and abuse of low-paid women, often women of color and im/migrants, at McDonald’s restaurants.The fight to end women’s oppression can only be advanced as more stories like Dr. Blasey’s become known and predators like Kavanaugh are exposed. Kavanaugh can deny Blasey’s allegations all he wants — just as Trump has lied about the 20 or more accusers who have pointed their fingers at him. But times have changed. In a stunning rebuke to Trump and his ruling-class buddies like Kavanaugh, “boys will be boys” no longer has credibility the way it once did.Even though the Senate is packed with powerful older white men, their days are numbered. No matter how this crisis ends — even if Kavanaugh is voted onto the Supreme Court — the fact that senators are worried about how women will perceive them is a very good sign. They can no longer succeed by relying on their old lies or sexist maneuvers to control women.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Travel ban affects plans of Horned Frogs abroad

first_imgPhoto: Bethany Tramposh/ Madrid Resistance ( Shelby Kitson Twitter ReddIt Facebook ReddIt Twitter Linkedin Website| + posts World Oceans Day shines spotlight on marine plastic pollution Linkedin Shelby Kitson TCU’s IFC gives out free hot shaves to kick-off Movember TCU places second in the National Student Advertising Competition, the highest in school history printStudents studying abroad have not been able to avoid the political controversies occurring in the United States.President Donald Trump imposed a 90-day travel ban on the citizens of seven predominantly Muslim countries.“We are advised not to travel to certain countries and cities during the weekend because of the religion majority,” said Elena Levy, a TCU student abroad in Madrid. “I was not allowed to travel to Morocco because of the new immigration ban and the unrest.”The ban has caused chaos for people traveling internationally since they were not prepared for what was to come.Dallas Parent, a student playing football in France, said he was given a hard time from airport security. He was not going to be able to fly to France without booking his flight to return back home because he did not have a visa. He had to come out of pocket $200 more than he had planned for.People around the world have protested against Trump and the executive order.Levy said she has received fliers from a young group of Spaniards to attend peaceful protests in one of the main plazas of Madrid.“The majority of people in Spain are aware of what’s going on in American politics,” said Elizabeth Stallard, a TCU graduate who is teaching in Spain. “They have no choice but to consume news about America because their news sources often talk about current events in the United States.”However, the students abroad said they are more concerned with what’s happening in the states.Levy said, “I do not feel worried that I will be ridiculed for where I am from, but I do wonder how things will go in America.” Shelby Kitson Shelby Kitson Previous articleNot On My Campus will not return to campusNext articleEtiquette Dinner teaches valuable skills to Chancellor’s Scholars Shelby Kitson RELATED ARTICLESMORE FROM AUTHOR Fraternity and Sorority Life hires seven new hall directors to enhance safety, promote community Shelby Kitson is a senior journalism student at Texas Christian University. When she is not in the newsroom or writing stories, she enjoys spending time with family and wake boarding. SGA helps relieve student stress during finals week Shelby Kitson TCU’s innovative offense led them to victory against West Virginia Facebook Welcome TCU Class of 2025last_img read more

Texas Democrats suing state over new early voting regulations

first_imgLinkedin + posts printDemocratic organizations at the state and national level have filed a suit arguing that a new Texas law that limits potential early voting sites unfairly targets young voters. In the lawsuit, the Texas Democratic Party along with the Democratic Senatorial Campaign Committee and Democratic Congressional Campaign Committee claim that House Bill 1888 is unconstitutional because it decreases the access of young voters to polling sites. The law requires all voting sites to remain open for all 12 days of early voting. This effectively eliminates mobile polling locations on college campuses, which typically are only open for a portion of the 12-day early voting period. Texas could halt campus voting sites One of the bill’s authors, Rep. Greg Bonnen, R-Friendswood, said mobile locations led to vote harvesting in Texas. “The flexibility of polling locations was designed to accommodate more voters near their homes and workplaces, but some subdivisions of the state have abused this flexibility, targeting desirable voting populations at the exclusion of others,” Bonnen said.Democrats argue that the measure limits access to young and rural voters. “Before, it was really easy to go vote since the voting booths were on campus,” junior Jordan Varat said. “Now that they aren’t on campus it’ll be a lot more difficult and inconvenient to find the time and place to vote and will definitely discourage students from voting.”In the lawsuit, Democrats contend that “HB 1888 now mandates that, based on where they live, some voters will enjoy the same consistent access to early voting they had previously, but voters who live near now-defunct temporary voting sites, especially young voters, will suffer reduced or eliminated access to the franchise.” Zaed Yousuf Zaed Yousuf Gov. Abbott announces new limits to ballot drop-off sites ReddIt Zaed is a senior Business Information Systems and Journalism double major from Madison, Mississippi and is currently the executive editor of Politifrog. Outside the classroom he enjoys spending time with friends, arguing about college football, and attending every TCU sporting event possible. Facebook Facebook Texas voting registration deadline approaching Zaed Yousuf Linkedin A voter retrieves her “I Voted” sticker after casting her ballot at the Presbyterian Church of Mount Kisco, in Mt. Kisco, N.Y. Tuesday, Nov. 6, 2018. (AP Photo/Richard Drew)center_img ReddIt Welcome TCU Class of 2025 Twitter Previous articleHoroscope: November 12, 2019Next articleFormer President Jimmy Carter hospitalized Zaed Yousuf RELATED ARTICLESMORE FROM AUTHOR TCU places second in the National Student Advertising Competition, the highest in school history Zaed Yousuf Live results: Super Tuesday Tarrant County used six different voting locations on college and university campuses during the 2018 midterms. The new law would remove these locations unless the county decides to allocate funds to allow them to stay open for the entire earl-voting period. “Republicans know Texas is changing, that’s why they’re trying to change the rules to make it harder for college students, seniors, the disability community, rural Texans and survivors of natural disasters to cast their ballots,” Texas Democratic Party Chair Gilberto Hinojosa said in a statement after the lawsuit was filed. “Texas Democrats know we should be making it easier to vote, not harder. Democracy thrives when everyone participates.” Zaed Yousuf World Oceans Day shines spotlight on marine plastic pollution Twitter Patterson apologizes for repeating racial slurlast_img read more

Disaster Response: When the Dominoes Begin to Fall

first_img During the first week of March, a deadly tornado became our nation’s latest major natural disaster when it ripped through central Tennessee. Sadly, it was only the latest in a seemingly endless onslaught of fires, floods, and hurricanes that Americans have had to grapple with over the past several years. Today, we are all dealing with a new disaster that is bigger, scarier, and more deadly than them all. To be sure, the COVID-19 pandemic is a disaster of a different kind, yet its impact is even more catastrophic.Having spent the last few years managing natural disaster events, servicers may risk being overconfident, thinking that they have disaster preparedness down pat. In this environment, however, the obstacles for default servicing are mounting exponentially. Federal, state, and investor requirements continue to shift. With an evolving climate, an increasing number of natural disasters, and now the coronavirus, servicers need to quickly reevaluate how rigorous their processes truly are—and what they should do to improve them.The Challenges of a PandemicEven with the best of outcome scenarios, the coronavirus promises to ignite delinquency rates. As families across the U.S. prepare to deal with businesses shutting down for an undetermined time frame, news of economic distress and volatility is soaring. The potential ripple effect of this pandemic disaster is virtually unfathomable. Homeowners face income loss on multiple fronts, including layoffs, business closures, the inability to work due to absence of childcare, and, most importantly, loss of work due to contraction of the virus.Disaster relief options are beginning to take form. On March 10, Dr. Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), reminded mortgage servicers that “hardship forbearance is an option for borrowers.” The Federal Housing Administration (FHA) provided similar guidance, prompting servicers to offer FHA loss mitigation solutions to distressed borrowers. As the breadth of impact escalated, both agencies quickly responded with the issuance of a two-month moratorium on evictions and foreclosures.The mortgage industry as a whole is proactively following guidance from the Centers for Disease Control and Prevention (CDC) in efforts to prepare for this pandemic disaster. However, the question of business continuity and access to liquidity will play an equally important role in addressing the relief effort.The Reality of Disaster Relief RequirementsA recently published Mortgage Bankers Association (MBA) white paper entitled “Improving Default Mortgage Servicing Processes, calls on the industry to improve both clarity—such as taking the chaos of exception processing and automating—and consistency in disaster relief policy. Asserting that the “industry needs a common playbook across all the federal agencies and guarantors as well as uniform standards of property preservation and hazard mitigation programs,” the proposal is timely, but may fall on deaf ears amidst pandemic fears.Overlooking this and similar important calls to action would be a mistake. Default servicing has struggled under tight margins and constrained human resources, while disaster events have soared conversely to record low delinquency and foreclosure. Adding to this dilemma is the fact that relief options and requirements have continued to change, which requires implementation and administration by already strained mortgage servicing operations.For example, this past summer, HUD strengthened FHA mortgage relief options by expanding their Disaster Standalone Partial Claim option to all borrowers living or working in a Federal Emergency Protection Act (FEMA) Presidentially Declared Disaster Area. With the looming coronavirus pandemic, nearly all U.S. states and territories have filed Emergency Declarations for COVID-19 disaster assistance, which also falls under FEMA in accordance with the Stafford Act. This means that default servicers now need to reassess relief options and requirements to effectively support homeowners impacted by the coronavirus.Likewise, Fannie Mae and Freddie Mac recently expanded their relief options to include 90 days to one year of suspended payments, depending on a borrower’s circumstances. This may sound small, but keeping up with previous and existing agency relief has been a challenge even before the onset of the coronavirus. In addition to other new disaster relief requirements, servicers must also provide accurate and timely relief amidst sunsetting programs, including the FHFA Home Affordable Refinance Program (HARP), the subsequent Freddie Mac Enhanced Relief Refinance (FMERR) program, and existing relief under Fannie Mae’s High-LTV Refinance Option (HIRO).The Pressure Is OnToday’s challenges are unique, but they are not new. Mortgage servicers have always had to protect themselves from excessive default risk brought on by natural disasters. In addition to ensuring disaster preparedness, mortgage servicers also need to “spread their wings” and prepare their teams for domino issues arising from the continuing occurrence of disaster events. The more disasters that happen, the more those dominos can pile up.For example, the cost to provide repair and relief for homeowners impacted by disasters of any kind is growing exponentially, and it’s hitting the insurance business hard. According to, the growing number of property claims has fueled an 18% rise in property insurance pricing in the U.S. in Q4 2019, compared to a global commercial average increase of 11%. These price increases not only impact homeowners in areas affected by disasters, but homeowners across the U.S. as well, who are absorbing these costs in their monthly housing expenses.Recent wildfires, floods, and hurricanes—and now the virus—have also created a serious underinsurance crisis. As property claims are submitted, repair assessments frequently overlook the true cost of reconstruction, which has been adversely impacted by the rising cost of materials, ongoing labor shortage, and tariffs on construction materials. This creates a gap in claim reimbursement and the actual repair cost burden on the homeowner. Many disaster-stricken families are facing severely strained finances as they juggle the cost of home displacement and potential loss of income during recovery timeframes.Underinsurance is also growing as new homebuyers purchase in areas where wildfires, flooding, and tornadoes have not previously occurred, at least not at the catastrophic level. If it’s not an investor requirement, homebuyers rarely opt to purchase insurance coverage that sufficiently covers a natural disaster, if it covers one at all. When a disaster occurs, the rising reconstruction expense and the underinsurance gap, coupled with increasing costs of homeowner’s insurance, can push even financially stable borrowers into default.“Relief” for Default Servicing?Mortgage servicers have been put to the test since the financial crisis, and they continue to show their strength and perseverance despite the barrage of industry challenges. However, with business continuity in question, and what may be a near total absence of manpower, default servicing is in for its greatest challenge yet.Default servicers need to help borrowers rebuild and recover. To do so, servicers will need to effectively bridge gaps in changing relief regulation, investor guidelines, and program offerings. The key to bridging these gaps is automation.The mortgage industry prides itself on embracing digital technology.  Yet, even with clearly defined strategies, areas within mortgage servicing can be left with significant gaps in innovation. That includes default servicing, which has not been much of a priority in recent years. During the financial crisis, an enormous amount of attention was given to delinquency, foreclosure, and bankruptcy. With today’s record low foreclosure rates, however, default servicing has thinned out with the exception of disaster relief.Yet, success in the mortgage servicing industry has always meant taking a responsive, flexible, cost-effective approach to business. Despite the forthcoming systemic stress on default servicing, the demands remain the same. Servicers must create operational efficiency, minimize costs, manage risk, and both innovate and improve the customer experience and retention.Servicing operations must commit to avoiding further breakdown in processes, uniformity, and efficiency. In other words, they must stop resorting to reactive approaches to issues, which typically leads to manual processes and spreadsheets. The smarter approach is for servicers to take what precious time and budget resources they have and invest them in automated workflows built on today’s technologies. By doing so, they will be able to create a sophisticated, flexible, and transparent approach to business processes and decisioning created for today’s digital framework.As manpower becomes stretched to capacity, automation allows services to place control in the hands of their operations team, who are the “boots on the ground” during disaster relief efforts. The operations team is best suited to understanding existing processes, rules, and decisioning, and best equipped to add another iteration of changing requirements and circumstances. They don’t have the time to wait for IT development to help them out, but existing automated workflow technology can help them immediately.The other crucial step for servicers is to identify a vendor partner that deeply understands the servicing business down to every detail and has a proven commitment to the industry. Equally as important, the vendor must have an established track record for rapid requirement development and deployment. Ideally, this will involve a SaaS application that stores complex rules and leverages dynamic decisioning and AI to understand data captured throughout the loan lifecycle.A servicer’s automated workflow application should be able to access data that supports subsequent processes and is able to make determinations, define exceptions, and create alerts. It should also be able to guide users through various tasks, scenarios, and decision paths to yield required results. Most importantly, it should enable customer self-service, so that borrowers who need help immediately are able to get it.If current disasters—including the coronavirus—have taught us anything, it’s that servicing needs can change drastically on a dime. That means technologies that servicers depend on must be flexible enough to handle rapid shifts in default servicing. At the end of the day, workflow automation and the help of an experienced business partner is really the only option for addressing today’s disaster relief challenges. We may never be able to prevent disasters, but we can always improve the ways we respond to them. Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS5: The Mortgage Industry Work-Life Balance Next: American Homeowners Unprepared for Disaster Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Home / Daily Dose / Disaster Response: When the Dominoes Begin to Fall Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Coronavirus natural disaster Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Jane Mason is the Founder and CEO of Clarifire and the creator of the CLARIFIRE, a sophisticated, automated workflow engine that streamlines and integrates all of an organization’s business operations. Under Mason’s leadership, CLARIFIRE has won numerous awards over the years including one of Cloud’s Top 500 Applications Vendors for the past two consecutive years. She can be reached at [email protected] or on LinkedIn at in Daily Dose, Featured, Loss Mitigation, Market Studies, News, Print Features About Author: Jane Masoncenter_img Disaster Response: When the Dominoes Begin to Fall Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago May 26, 2020 1,520 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Coronavirus natural disaster 2020-05-26 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Subscribelast_img read more

Tech firm cuts working week as a reward to employees

first_img Twitter News, Sport and Obituaries on Monday May 24th Facebook Google+ RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population grows DL Debate – 24/05/21 By News Highland – March 11, 2020 Facebook Twitter Google+ WhatsAppcenter_img Tech firm cuts working week as a reward to employees Previous articleNew Midlands North West MEP takes up seat for first timeNext articleHighland’s Birthday Celebration with Daniel O’Donnell Postponed News Highland Pinterest WhatsApp Pinterest Important message for people attending LUH’s INR clinic A Letterkenny based tech company is moving to a four day week as a reward to its employees.3D Issue designs and sells software which allows people read magazines on digital platforms, with a new product launching shortly aimed at improving the software on mobile devices.CEP Paul McNulty says employees were given the option of either a shorter working week or a 20% pay rise……………..Audio Player Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programmelast_img read more