Ex-Hawkpoint boss Briance joins Edmond de Rothschild

first_img whatsapp Ex-Hawkpoint boss Briance joins Edmond de Rothschild KCS-content Share Show Comments ▼ Monday 11 October 2010 8:49 pm whatsappcenter_img INVESTMENT banker Richard Briance has ambitious plans for the expansion of the Edmond de Rothschild group’s UK operations, after taking his new role at the helm of the firm.Briance, who was formerly chief executive and then deputy chairman of corporate finance advisory boutique Hawkpoint, has joined Edmond de Rothschild as its new UK chief executive, overseeing its current operations in corporate finance, fixed income, emerging market country funds and a fund of hedge funds arm.“The blindingly obvious opportunity is in building up a UK-located private banking operation,” Briance said, citing the group’s strength in the private banking market in Europe and the reassuring pull of the Rothschild family name.But the firm, which employs around 50 people in London, may also look to add to its strengths in other areas, Briance said. One possible option would be the addition of a specialist asset management business, perhaps focused on the emerging markets or on specialised credit.Briance was also previously chief executive of WestMerchant Bank, global head of fixed income at UBS and a managing director at Credit Suisse First Boston. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBrilliant TravelerHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeBrilliant TravelerUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsUndo 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 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 Tags: NULLlast_img read more

The Co-operative Bank of Kenya Limited (COOP.ke) Q32018 Presentation

first_imgThe Co-operative Bank of Kenya Limited (COOP.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2018 presentation results for the third quarter.For more information about The Co-operative Bank of Kenya Limited (COOP.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited (COOP.ke) company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (COOP.ke)  2018 presentation results for the third quarter.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

Rugby Pre-Season Guide: Part Two

first_img“Bring in a jackler with no threat. Then add a sealer. You could have the sealer already on the ruck, or the jackler is there and you have to blast him.“It works on timing. You can do it live, or not, with pads or full-on. It’s challenging at full pace.”When you use technical contact work – which Navidi feels is necessary in amateur pre-season – week four of the six-week pre-season will sound hellish. As mentioned above, touch can become small-sided contact games, and the skill work and wrestling or running remains.But as you hit week five of pre-season, you can taper down fitness, so running is not a key focus (though your Saturday session is still likely to be horrid). In weeks five and six, you need a distinctive style of play, which is clear when you try ‘chilled-out’ run-throughs with the team.In week six, this is how Navidi sees a typical weeknight session: have some small-sided games but afterwards split for 20 minutes into forwards and backs. Then come together to work on group phase play, unopposed, at real pace.Drilling down: Luke Wallace of Harlequins works on his breakdown skillsYou can use scenarios around the pitch, with the coach dictating your start point. For example, if you start with a lineout option in your 22, you can work on an exit strategy. If you have a scrum 15m out, use one of the backs’ strike moves.In the gym, Navidi wants options, so continue with a basic programme but replace the core lifts. You need a chest option on upper-body day – instead of a bench press you could add in an incline bench press. For shoulders, replace a traditional press with an Arnie press.It works for legs too: a squat becomes a leg press while a deadlift becomes a trap-bar deadlift. On all-body day, a clean can be a Bulgarian split squat and hammy curls reverts to a Romanian deadlift.Finally, as you run on hard grounds, it helps to do extra prehab and stretching. The gym isn’t just for pushing tin.And then there’s our second Saturday session. Drag on: Dillon Lewis of Cardiff Blues (pic courtesy of Huw Evans Agency) Follow Rugby World on Facebook, Twitter and Instagram. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALScenter_img Rugby Pre-Season Guide: Part TwoBlock TwoWhen it comes to the second block, you should have made real gains in the gym, laid a base for running and grown confidence in your own skill-set.Things become more rugby-focused now. This is also where your style of play can really take root.As Navidi explains: “If I’m watching my local amateur team, five forwards hit the ruck and then the forwards runners are no longer an option. They over-commit, and communication is another big thing.“That team want to hit four phases with forwards and then play with the backs – you’d need to be the fittest team around. Two or three phases are ample, then load the back-line. Being an option is key.”For the Blues stalwart, any games you play on a Tuesday and Thursday night need an element of game focus. For a start, begin adding in controlled contact – maybe with pads or tackle suits – or at least ‘scrag’ instead of just a ‘touch’.Touch and run: Danny Qualter and James Raelgo through their paces in ConnachtHere is an example: if you’re thinking about working on ball placement, make sure an opponent has to stand over the ball. Or whenever someone is touched, defenders on either side take a knee.Variations include the touched player doing a 360º roll or using squeeze ball.Contact takes it out of you. So the first sessions may be a shock. You can go from contact drills into games. Then keep rotating from one to the other. 
Do that for three circuits, then go into slower-paced rugby scenarios (think team phase play) at the session’s end.How much additional running you do is up to you. The nature of your contact drills is also up to you. Navidi has his view. “A basic one is to have one carrier, one tackler performing a traditional tackle scenario and then keep building. Part two of our guide in which Rugby World – and Josh Navidi – get you in top shape for the new seasonlast_img read more

La Convención General respalda a los inmigrantes en oración, acción…

first_img Comments (2) Family Ministry Coordinator Baton Rouge, LA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Advocacy Peace & Justice, Missioner for Disaster Resilience Sacramento, CA Director of Music Morristown, NJ Press Release Service Associate Rector for Family Ministries Anchorage, AK Rector and Chaplain Eugene, OR Submit a Press Release Assistant/Associate Rector Washington, DC Douglas Crellin says: General Convention 2018, In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Immigration, Comments are closed. Rector (FT or PT) Indian River, MI Submit an Event Listing Course Director Jerusalem, Israel This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Featured Jobs & Calls Priest-in-Charge Lebanon, OH General Convention, Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Associate Priest for Pastoral Care New York, NY Matt Ouellette says: Refugees Migration & Resettlement Director of Administration & Finance Atlanta, GA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Smithfield, NC July 19, 2018 at 9:24 pm It’s not as simple as you claim. Standard points of entry are being blocked by the current administration:https://www.nbcnews.com/storyline/immigration-border-crisis/try-later-it-s-getting-tougher-migrants-claim-asylum-u-n885861Again, these people are seeking asylum and are not illegal. What I don’t get is the lack of compassion for these people. Why is it acceptable to demonize them and treat them so harshly? Rector Albany, NY Rector Shreveport, LA Curate Diocese of Nebraska Rector Washington, DC Rector Tampa, FL Rector Hopkinsville, KY Assistant/Associate Rector Morristown, NJ Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Martinsville, VA Por David PaulsenPosted Jul 14, 2018 July 14, 2018 at 4:21 pm There were no “No” votes because you all live in a bubble in which you all repeat the same things back to each other. Why is there no discussion on educating people in their own countries to immigrate LEGALLY, see this is the ENTIRE issue. There is 1 embassy, 9 consulates and over 30 check points for ANY person to approach and cross and apply for asylum or a visa, these folks bypass that, pay coyotes to sneak them in to avoid the costs and the paperwork.I am a lifelong Episcopalian and recently went to a diocese workshop on grants. It was beyond hypocritical that there was a lot of what I called political rhetoric in signs around the church this was held in speaking of immigration and how “no person is illegal” etc. and the first thing we were told is in order to get access to a single dime of grant money we needed to be churches in good standing and most importantly MEMBERS. WE couldn’t just sneak in and tell the church we have the rghts to the benefits they are offering. See the hypocrisy. The USA is a membership, and unless all you open border nuts get your way, it will remain that way. Apply to join, we make sure you are eligible, you pay the dues and are granted memebrship, when you bypass that it puts the ENTIRE system in jeapardy and the fact that you cannot see that is sad. Hypocrisy your name is Episcopalian sadly. La Convención General respalda a los inmigrantes en oración, acción y legislación The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Bath, NC Rector Pittsburgh, PA Rector/Priest in Charge (PT) Lisbon, ME Rector Knoxville, TN Priest Associate or Director of Adult Ministries Greenville, SC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Belleville, IL “No venimos con odio, no venimos con fanatismo, no venimos a rebajar a nadie. Venimos a realzar a todos. Venimos en amor”, dijo el obispo primado Michael Curry a una multitud de más de 1.000 personas reunida en oración frente al Centro de Detención T. Don Hutto en Taylor, Texas. Foto de Frank Logue.[Episcopal News Service – Austin, Texas] Si hubo un tema que desafió cualquier expectativa de controversia en la 79ª. Convención General, ese fue la inmigración.Obispos y delegados llegaron a Austin la semana pasada a la zaga de un escándalo nacional por la política de “tolerancia cero” del gobierno de Trump hacia la inmigración, en particular la decisión de separar a niños de los padres detenidos. Y pese a que el gobierno revirtiera las separaciones de familias, las normas migratorias siguen siendo un tema candente, incluso en el estado fronterizo que servía de anfitrión a la reunión trienal de la Iglesia Episcopal.Pero si el país continúa dividido respecto a qué hacer con la inmigración, los miles de episcopales aquí presentaron un frente unificado en apoyo a las familias que han sido separadas, de los que se enfrentan a la deportación y de los inmigrantes en general —a través de la oración , el testimonio, la acción y la aprobación expedita de una legislación.Uno de los momentos definitorios de esta Convención General fue la vigilia de oración que tuvo lugar el 8 de julio frente al Centro de Detención Hutto, una instalación para la reclusión de inmigrantes [ilegales] a poco más de media hora a la salida de Austin. Una nutrida reunión de más de un millar de episcopales que oraron y cantaron en apoyo a padres inmigrantes y a sus hijos, que han sido separados.“No venimos con odio, no venimos con fanatismo, no venimos a rebajar a nadie. Venimos a realzar a todos”, dijo el obispo primado Michael Curry en su sermón en la vigilia de oración. “Venimos en amor. Venimos en amor porque seguimos a Jesús, y Jesús nos enseñó a amar”.Ese espíritu se mantuvo a lo largo del proceso legislativo de la Iglesia. Unas 25 personas testificaron el 7 de julio en una audiencia sobre todas las resoluciones relacionadas con la inmigración, y las políticas del gobierno de Trump estuvieron presentes.La Rda. Nancy Frausto, que fue una oradora principal en la sesión conjunta de Conversaciones de la IE [TEConversations] sobre reconciliación racial, testificó en la audiencia de su temor a la deportación luego de que el presidente Donald Trump cancelara la política de protección a los “soñadores” como ella, que fueron traídos ilegalmente a Estados Unidos siendo niños.“Los 800.000 soñadores deben tener el respaldo de la Iglesia Episcopal, y no sólo ellos, sino todos los inmigrantes”, dijo Frausto, hablando a favor de la Resolución C033, que deja constancia de que la Iglesia respeta la dignidad de los inmigrantes y bosqueja cómo la política pública [de la Iglesia] debe reflejar esa creencia.El Comité de Justicia Social y Política de Estados Unidos, con las reacciones recibidas en la audiencia abierta, combinó algunos de las resoluciones en tres que abarcaron muchos de los asuntos debatidos. Además de la C033, el comité recomendó la A178, que asume una postura enérgica contra las separaciones de las familias y el trato a padres y a niños inmigrantes, y la C009, titulada “Convertirse en una Iglesia santuario”.Esta última resolución insta a los episcopales a acercarse y apoyar a los inmigrante que enfrentan deportación, incluido el brindarles santuario físico si ellos así lo eligen, pero “esta resolución no los invita a hacerlo” dijo el miembro del comité Daniel Valdez, de la Diócesis de Los Ángeles, en el pleno de la Cámara de Diputados durante el debate de la resolución el 12 de julio.“El santuario tiene un poderoso fundamento teológico”, dijo Valdez al tiempo que enfatizaba que el propósito de la resolución es alentar a los episcopales a entablar conexiones con inmigrantes indocumentados, [al objeto de ofrecerles] ayuda legal, defensa social o cuidado pastoral.La Cámara de Obispos había aprobado las tres resoluciones sin objeción y sin discusión en una votación de viva voz el 11 de julio, y las tres fueron adoptadas juntas en la sesión vespertina del 12 de julio en la Cámara de Diputados.Diana Marcela Abuchar Sierra, miembro de la Presencia Oficial de la Juventud y proveniente de la Diócesis de Colombia, habla a favor de las resoluciones sobre la inmigración el 12 de julio en la Cámara de Diputados. Foto de David Paulsen/ENS.Diana Marcela Abuchar Sierra, miembro de la Presencia Oficial de la Juventud proveniente de la Diócesis de Colombia, se pronunció contra las políticas de detención de inmigrantes del gobierno de Trump durante el debate en el pleno de la A178.“Me niego a ver cómo las personas que sólo quieren mejorar son tratadas de manera tan cruel e inhumana”, dijo Abuchar en español valiéndose de un intérprete. Por favor, como Iglesia Episcopal debemos defender sus derechos y su dignidad. Como Iglesia Episcopal, debemos alzar la voz y ser oídos”.Wendy Cañas, diputada de la Diócesis de Nueva York, expresó un sentir semejante en apoyo a la C033.“Estamos hablando por los que no pueden hablar por sí mismos”, dijo ella. “También le estamos diciendo al gobierno… que la Iglesia Episcopal lo hace moralmente responsable de sostener y apoyar a las familias en nuestro país”.Al igual que en la Cámara de Obispos, nadie habló en contra de ninguna de las tres resoluciones y los diputados fueron esencialmente unánimes a favor. Las tres fueron aprobadas en una votación de viva voz sin que se oyera ningún “no” en el salón.– David Paulsen es redactor y reportero de Episcopal News Service. Pueden dirigirse a él en [email protected] Traducción de Vicente Echerri. Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET New Berrigan Book With Episcopal Roots Cascade Books Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Job Listing Assistant/Associate Priest Scottsdale, AZ Featured Events The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Tags Cathedral Dean Boise, ID Bishop Diocesan Springfield, IL Rector Collierville, TN Associate Rector Columbus, GA Canon for Family Ministry Jackson, MS Youth Minister Lorton, VA Curate (Associate & Priest-in-Charge) Traverse City, MIlast_img read more

Parade, bomb scare and a popular coach leaves Apopka

first_imgShare on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment. Yeah, and now the hissing gator in the stormwater gutter…..right in Apopka, plus a 300 pound black bear that visits the man’s yard too……I find out that this is only about a little over a half mile from my home!!!!! Considering bear’s travel about a 60 mile range or so that ain’t a very good thing to hear…..YIKES!!! You have entered an incorrect email address! Please enter your email address here Florida gas prices jump 12 cents; most expensive since 2014 TAGSThe Week in Review Previous articleChampion of Choices highlight Wolf Lake weekNext articleApopka Family, Faith & Food Festival gets new sponsor Denise Connell RELATED ARTICLESMORE FROM AUTHOR Reply Mama Mia LEAVE A REPLY Cancel replycenter_img Please enter your name here UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 1 COMMENT December 13, 2016 at 11:52 pm Please enter your comment! Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Apopka: The week in review…Beautiful weather, large crowds highlight Apopka Christmas ParadeCoach Delgado leaves Apopka High SchoolCity Council votes 5-0 to accept COPS grantNo explosives found at LibraryHughley shooting: Dark and disturbing, yet miraculouslast_img read more

Vilsack Praises Farmers and Ranchers

first_img Speaking in Iowa Thursday, Ag Secretary Tom Vilsack touted farmers as some of the nation’s greatest assets. He said U.S. agriculture continues to be a bright spot in the American economy and a driving force behind export growth, job creation and the nation’s competitiveness because of the productivity of farmers, ranchers and producers. According to Vilsack – U.S. agriculture is responsible for one out of every 12 jobs and provides our food, feed, fiber and fuel – all while helping drive the national economy.Vilsack also noted the work of USDA to strengthen the rural economy over the past three years. He highlighted – among other things – historic investment in America’s rural communities, maintaining a strong safety net and investing in broadband service for nearly seven-million rural residents. Vilsack also talked about the work of the first-ever White House Rural Council – which he chairs. Since its establishment in June of last year – Vilsack says the Council has supported a broad spectrum of rural initiatives.Source: NAFB News Service By Andy Eubank – Apr 19, 2012 SHARE Previous articleFarm Bill Process Remains ContentiousNext articleIndiana Farmer Defends Next Gen Herbicide Crop Systems Andy Eubank SHARE Facebook Twitter Facebook Twitter Vilsack Praises Farmers and Ranchers Home Indiana Agriculture News Vilsack Praises Farmers and Rancherslast_img read more

President Trump Comments on Fed’s Interest Rate Stance

first_img The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News President Trump Comments on Fed’s Interest Rate Stance Related Articles Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Bifurcated Appraisals: Insights Into an Evolving Industry Next: Affordability Increases on the West Coast Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Fed Interest rates President Trump Demand Propels Home Prices Upward 2 days agocenter_img June 24, 2019 1,264 Views About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / President Trump Comments on Fed’s Interest Rate Stance Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Fed Interest rates President Trump 2019-06-24 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. A report by Bloomberg states that President Donald Trump has accused the Federal Reserve of behaving like a “stubborn child” as it decided to not lower interest rates. “Now they stick, like a stubborn child, when we need rates cuts, and easing, to make up for what other countries are doing against us. Blew it!,” the president said in a tweet on Monday.Bloomberg states that Trump has previously criticized Fed Chairman Jerome Powell for raising interest rates over the past year, and in Trump’s viewpoint, too far and too fast. The report continues, by saying Trump criticized European Central Bank President Mario Draghi on June 18, after Draghi noted more monetary stimulus may be on the way.  There is an expectation, according to Bloomberg, that the Fed is set to cut rates, possibly as soon as its July 30-31 meeting. WalletHub released results of a survey earlier this month that showed the likelihood the Fed will slash interest rates increased as 2019 continues. The chances of an increase grow to 97% by September 18.The Fed has increased interest rates nine times, with no decreases, since December 2015.The survey stated that 76% of people support a rate cut, and around the same amount said it would be good for the economy.“The Fed held rates steady today as it navigated a challenging balancing act between the easing of global central banks, investor speculation that cuts are necessary to combat slowing economic growth, and the futures markets pricing a high likelihood of a rate cut by July,” said Danielle Hale, Chief Economist for realtor.com. “The Fed ditched the previous ‘patient’ language it used and instead pledged to ‘closely monitor’ the data and ‘act as appropriate to sustain the expansion.’ This language shift opens up the possibility of a rate cut as soon as July if incoming data suggests weaker growth on the horizon.”Hale said the Fed has two goals: maximize employment and stable prices. While the May Jobs report was below expectations, unemployment remains at record lows. Subscribelast_img read more

How COVID-19 Impacts Underwriting Standards

first_img Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Tagged with: CoreLogic DTI LTV in Daily Dose, Featured, News Related Articles Mortgage interest rates are at record lows and purchase loan application data indicates tremendous demand for homebuying, according to the data analysts at CoreLogic. In an article published Wednesday, CoreLogic compared the credit attributes for conventional conforming loans in Q2 of 2020 to the same quarter last year. What did they find?”Loan application volume, mortgage rates, and lenders underwriting standards have been impacted by the COVID-19 pandemic,” noted the report’s authors. “Lenders may have changed their underwriting standards in response to these trends and economic uncertainty.”The researchers go on to say that “average debt-to-income (DTI) ratios for conventional conforming home-purchase loans dropped during the second quarter of 2020 from the same quarter in 2019. In contrast, the average loan-to-value (LTV) ratios during this time rose.”Additionally, the average credit score rose. On net, the drop in DTI ratios may reflect the relaxing of affordability pressures for homebuyers in the face of declining mortgage rates in 2020.”Dramatic variation in the credit-risk attributes of borrowers has been seen over the past 20 years, CoreLogic reports. “DTI and LTV ratios, along with credit scores, are three important factors in mortgage underwriting. Since 2014, credit-loosening policies by the Government-Sponsored Enterprises (GSEs) have helped boost higher DTI and LTV ratios.” (To expand the “credit box” to borrowers, Fannie Mae began accepting mortgages with LTV ratios up to 97% in December 2014. Freddie Mac began accepting them in March 2015. To further expand access to credit, Fannie Mae raised its DTI ratio level from 45 to 50% in July 2017.)As shown in the graph below:The share of new conventional conforming home-purchase loans with a DTI ratio above 45% rose sharply after Fannie Mae put its new policy into effect. The share, holding steady between 5% to 7% from early 2012 up to Fannie Mae’s announcement, had reached its peak of 21% in the fourth quarter of 2018 and started dropping in early 2019 and was 13% in second quarter of 2020. The average DTI ratio for conventional conforming home-purchase loans dipped by one point to 35% from the second quarter of 2019 to the second quarter of 2020.CoreLogicAs evidenced in the next graph, the share of new conventional conforming home-purchase loans with an LTV ratio above 95% started to rise in early 2015 following the GSEs’ announcement. The share was less than 2% in 2014 but rose gradually and reached 12% in the second quarter of 2019 and was the highest since 2008. The share started to drop in third quarter of 2019 but rose again in the second quarter of 2020 to 10%. The average LTV ratio for home-purchase loans in the second quarter of 2020 was 84 percent, up by one point from the same quarter of 2019.CoreLogic 2020DTI and LTV standards have loosened in the past few years, yet there has been no change in credit score standards, the report showed, and proceeded to detail the following:”During the second quarter of 2020, the average credit scores for the homebuyers with conventional conforming home-purchase loans rose by three points from the same quarter in 2019. The average credit score was much higher than the pre-housing crisis level. For example, the average credit score of homebuyers was 705 in 2001, but dramatically rose during the Great Recession in 2008, and was 757 the second quarter of 2020. In addition to high credit score standards, those high DTI and LTV loans in 2020 were fully documented and are thus different than the pre-housing crash high DTI and LTV loans, in which many of the latter were low/no documentation loans.”Borrowers with a credit score below 640 as well as the “low/no documentation loan share” both dipped compared to the 2001-2002 benchmark level, CoreLogic added.”In contrast, the share of new loans with an LTV ratio higher than 95% was 66% higher than the benchmark level. Share of new loans with a DTI ratio above 45% was 12% lower than the benchmark level. The condo/co-op share was just 2% lower than the benchmark level, and the investor-owned share was 38% lower than the benchmark level.”The researchers at CoreLogic attributed the decline in share of loans with a DTI ratio above 45% to the “improving affordability attributed to low mortgage interest rate throughout the year.”Access the report in full here.  Print This Post Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Previous: Industry Leaders Address Racial Inequalities, Refi Fees, and Technology Next: Housing Activity Heats Up as Weather Cools Home / Daily Dose / How COVID-19 Impacts Underwriting Standards October 21, 2020 1,695 Views Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago CoreLogic DTI LTV 2020-10-21 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago How COVID-19 Impacts Underwriting Standards About Author: Christina Hughes Babblast_img read more

SC Upholds Rejection Of Candidature Of A District Judge Aspirant Who Was Later Acquitted In Criminal Case U/s 498A IPC [Read Judgment]

first_imgTop StoriesSC Upholds Rejection Of Candidature Of A District Judge Aspirant Who Was Later Acquitted In Criminal Case U/s 498A IPC [Read Judgment] LIVELAW NEWS NETWORK13 Oct 2020 4:46 AMShare This – xThe Supreme Court has dismissed plea of a District Judge aspirant whose candidature was on the ground of pendency of a criminal case under Section 498A IPC filed by his wife.The mere fact that subsequently after more than a year when the person whose candidature has been cancelled has been acquitted cannot be a ground to turn the clock backward, the bench comprising Justices Ashok…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court has dismissed plea of a District Judge aspirant whose candidature was on the ground of pendency of a criminal case under Section 498A IPC filed by his wife.The mere fact that subsequently after more than a year when the person whose candidature has been cancelled has been acquitted cannot be a ground to turn the clock backward, the bench comprising Justices Ashok Bhushan and MR Shah observed.Anil Bhardwaj was declared successful in the Main Examination held for the post of District Judge was called for interview. He also received a communication from the Law and Legislative Department informing that he has been selected for the post of District Judge (Entry Level). Later, an order was issued by the Principal Secretary, Madhya Pradesh, Law and Legislative Department declaring he was ineligible and directing for deletion of his name from the select list. The Madhya Pradesh High Court dismissed his writ petition challenging this order. Thus, he approached the Apex Court.Before the Apex Court, he submitted that he had disclosed the lodging of FIR against him and has not concealed any fact and he having been selected on merit was entitled to be appointed. It was also contended that, in any case, he could not have been deprived of the employment after acquittal as there was no other material on record to indicate that his antecedent or conduct was not upto the mark.The court, referring to the proceedings of the Administrative Committee (Higher Judicial Service) and Examination cum-Selection and Appointment Committee, noted that it had taken a resolution  that due to pendency of the case under Section 498A, 406-34 IPC on the basis of complaint filed by the wife, the candidate was not considered suitable for being appointed to the post of District Judge. It also noted that on the date when the Committee declared him unsuitable, the criminal case against him was pending. The court referred to Avtar Singh vs. Union of India and others, (2016) 8 SCC 471, in which it was held in the event criminal case is pending and incumbent has not been acquitted employer may well be justified in not appointing such an incumbent. The bench therefore considered the issue whether in view of the subsequent acquittal, his case was required to be reconsidered and he was entitled to be appointed?In this regard, the bench referred to the decision in Union Territory, Chandigarh Administration and others vs. Pradeep Kumar (2018) 1 SCC 797, and observed that the decision of the Screening Committee must be final unless it is mala fide. It said:”Such decision of the Committee was well within the jurisdiction and power of the Committee and cannot be said to be unsustainable. The mere fact that subsequently after more than a year when the person whose candidature has been cancelled has been acquitted cannot be a ground to turn the clock backward.. The fact that subsequently the appellant was acquitted in the criminal case did not furnish sufficient ground for reconsidering the appellant for appointment on the postThe court also considered another contention that the decision declaring him unsuitable on the ground of pendency of criminal case under Section 498A, 406 IPC was contrary to the guidelines issued by the Government of Madhya Pradesh for character verification, which states that, on the acquittal on merit of the case by the Court, the candidate will be eligible for Government service. While dismissing his appeal, the bench said:”Clause (viii) on which the reliance is placed contemplates that the candidate who has been acquitted on merit by the Court will be eligible for the Government service. The aforesaid contemplation relates to at the time of character verification. Thus, at the time of character verification, if a candidate is found to be acquitted on merits by the Court, the candidate shall be treated to be eligible for Government Service. 21 The above clause (viii) as quoted above cannot come to the rescue of the appellant who at the time of character verification or at the time of consideration of the case of the appellant by the committee on 18.07.2018 had not been acquitted. Had the appellant in column had mentioned about the acquittal or at the time of character verification it was found that the candidate has been acquitted on merit by the Court, Clause 6(viii) would have been attracted but in the present case the said clause is not attracted since at the time of character verification the appellant had not been acquitted and he was acquitted after more than a year from rejection of his candidature.” Case: ANIL BHARDWAJ vs. HON’BLE HIGH COURT OF MADHYA PRADESH [C.A. NO.3419 of 2020] Coram: Justices Ashok Bhushan and MR ShahCounsel: Sr. Adv R. VenkataramaniClick Here To Read/Download JudgmentRead JudgmentNext Storylast_img read more

University of California student indicted for allegedly running drug app

first_imgPublic Domain(SAN JOSE, Calif.) — A University of California, Santa Cruz student was indicted on federal charges Tuesday, accused of developing an app to sell meth, cocaine and other illegal drugs.Collin Howard, 18, was indicted by a federal grand jury in San Jose, California, on drug distribution and possession charges for allegedly creating the Banana Plug app, authorities said.Howard allegedly hung up posters at the University of California, Santa Cruz to promote the app, which was available on the Apple app store, the U.S. attorney’s office for the Northern District of California said in a statement Tuesday.Banana Plug, an apparent reference to UC Santa Cruz’s banana slug mascot, allegedly provided students with cocaine, “molly” and “shrooms,” the office said in a statement Tuesday. The app also invited customers to make special requests.The app was still available for download on Apple’s app store as of early Wednesday.Howard was arrested in a sting operation last Friday, when he allegedly sold drugs to an undercover Homeland Security agent who contacted him through the app.“Posters advertising the application had been hung up around the UC Santa Cruz campus,” the statement said. “Upon discovering the posters and the application, a UC Santa Cruz police officer, in coordination with HSI, used the application to request a purchase of marijuana and cocaine and then communicated with Howard via Snapchat to set up the purchase.”Howard made an initial court appearance on Tuesday before U.S. Magistrate Judge Nathanael Cousins and is scheduled to reappear on Friday for a bail review hearing.He could face as many as 40 years in prison and a fine of up to $5 million. It’s unclear if he has retained an attorney. Copyright © 2019, ABC Radio. All rights reserved.last_img read more