Portugal sees no scope for further cuts

first_img KCS-content PORTUGAL’S finance minister said in a newspaper interview yesterday he did not know what additional austerity steps could be introduced if market scepticism about the country’s ability to cut its deficit persists.The minority Socialist government included deep spending cuts and tax hikes in the 2011 budget that it presented last week, but must win the support of the opposition for the bill to pass in parliament.Finance minister Fernando Teixeira dos Santos said in a separate TV interview that Portugal would have to ask for a bailout from the European Union and IMF if the budget did not receive a green light from parliament. He was asked whether the austerity measures in the budget would be the last and replied: “I don’t see very well what else can be done.”“I hope and I am confident that these (measures) will have an immediate impact,” he said. “But we have to look at what is going on. Markets are nearly insatiable over austerity measures of this kind.”Portugal announced spending cuts in May, but then came under pressure from financial markets and Brussels to do more. The risk premiums on its bonds hit euro lifetime highs at the end of last month on concerns about its ability to cut the budget deficit. The government is aiming to trim the deficit to 4.6 per cent of GDP next year from a projected 7.3 per cent in 2010. Teixeira dos Santos said the biggest concern in the markets was that the measures contained in the budget may not pass.The opposition Social Democrats (PSD), who object to tax hikes, have remained silent on whether they will back the budget in parliament. They are expected to make their position known after a meeting on Tuesday.Failure to pass the budget would likely lead to political paralysis and send bond yields spiralling higher. Portugal sees no scope for further cuts Show Comments ▼ Share Tags: NULL Sunday 17 October 2010 10:50 pm whatsapp 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 whatsapplast_img read more

CFI Holdings Limited 2003 Annual Report

first_imgCFI Holdings Limited (CFI.zw) listed on the Zimbabwe Stock Exchange under the Agri-industrial sector has released it’s 2003 annual report.For more information about CFI Holdings Limited (CFI.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the CFI Holdings Limited (CFI.zw) company page on AfricanFinancials.Document: CFI Holdings Limited (CFI.zw)  2003 annual report.Company ProfileCFI Holdings Limited is a leading agricultural-based industrial holding company in Zimbabwe; primarily involved in manufacturing and selling fresh produce and manufacturing stock feed, aswell as property management and letting. Through subsidiaries and joint ventures; it manages wholesale and retail outlets, offers products and services for animal health, operates maize and wheat mills, and is involved in poultry farming and producing and selling poultry products. CFI Holdings Limited manages a separate entity offering services for the development and management of real estate in Zimbabwe. STALAP Investments is now the largest shareholder in CFI Holdings Limited after increasing its stake in the company to over 40%. STALAP is an investment vehicle owned by Zimre Holdings. Its retail outlets include Farm & City and Vetco Animal Health; its specialised divisions include Victoria Foods, Saturday Retreat Estate, Reston Developers and Maitlands Zimbabwe Limited. Poultry is marketed and distributed through Agrifoods, Agrimix, Hubbard Zimbabwe, Glenara Estates, Crest Breeders International and Suncrest Chickens. CFI Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Julius Berger Nigeria Plc (JBERGE.ng) 2011 Annual Report

first_imgJulius Berger Nigeria Plc (JBERGE.ng) listed on the Nigerian Stock Exchange under the Engineering sector has released it’s 2011 annual report.For more information about Julius Berger Nigeria Plc (JBERGE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Julius Berger Nigeria Plc (JBERGE.ng) company page on AfricanFinancials.Document: Julius Berger Nigeria Plc (JBERGE.ng)  2011 annual report.Company ProfileJulius Berger Nigeria Plc is a civil engineering and construction company in Nigeria. The company is involved in the planning, design and construction of major civil engineering and civil works which encompasses office and functional buildings, residential houses, sports and recreational facilities as well as infrastructure such as roads, bridges, railway lines, airports, dams and water supply schemes. Julius Berger Nigeria Plc has business interests in the plants and factories, oil and gas, marine, ports and shipping and power sectors. The company’s pioneer project was the construction of the Eko Bridge in Lagos in 1964. The company’s head office is in Abuja, Nigeria. Julius Berger Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

ABC Banking Coporation Ltd (ABCB.mu) Q12017 Interim Report

first_imgABC Banking Coporation Ltd (ABCB.mu) listed on the Stock Exchange of Mauritius under the Banking sector has released it’s 2017 interim results for the first quarter.For more information about ABC Banking Coporation Ltd (ABCB.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the ABC Banking Coporation Ltd (ABCB.mu) company page on AfricanFinancials.Document: ABC Banking Coporation Ltd (ABCB.mu)  2017 interim results for the first quarter.Company ProfileABC Banking Corporation Limited is a financial institution that specialises in the provision of banking services for individuals as well as corporate institutions. The company’s offered services include, covers deposits, lending and cards, leasing as well as trade finance and treasury products, catering for both the local and international markets. ABC Banking Corporation Limited operates in three man pillars which are; domestic banking, international banking and treasury operations. ABC Banking Corporation Limited is listed on the Stock Exchange of Mauritius.last_img read more

How I’d invest £1,000 in top dividend stocks

first_img See all posts by Jonathan Smith There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Image source: Getty Images 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. Jonathan Smith | Thursday, 20th May, 2021 Enter Your Email Address jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. How I’d invest £1,000 in top dividend stockscenter_img Our 6 ‘Best Buys Now’ Shares There are plenty of different ways that I could choose to put a spare £1,000 to work. Some investments would offer me a focus on capital appreciation, or capital preservation. In some ways, I might like to try and simply beat the rate of inflation. But what about if I want to target income accumulation? In this case, I’d look to invest in top dividend stocks. Here’s how I’d do it.Starting at the endTo begin with, I’d want to actually look at my end goal. This might seem to be the wrong way around of looking at things, but bear with me. My end goal for my £1,000 could be to build up the income and reinvest it to a target of £2,000. Or it might be to make the money sweat enough to generate me £50 a month in passive income. 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…Depending on what my goal is, will impact how I go about making the investment. Once I’ve got my goal figured out, I then need to think about how I can get to it. For example, if my goal is to reach £100 a year in passive income, then I know I’ve got to somehow get a 10% dividend yield across the companies I invest in. By thinking about the numbers, it can help me to figure out quickly whether my goal is too ambitious or achievable.Looking at specific top dividend stocksAfter I’ve made the numbers add up, I then want to drill down into the specific companies I’m going to invest in. This is an important step as I’ll likely have various top dividend stocks to choose from. For example, let’s say I need to achieve a 4% dividend yield for the next decade. There are currently 22 different FTSE 100 stocks that I could pick that fit the description.From the 22, I want to look at what specifically makes one a top dividend stock. The yield is one element, but other important factors include the dividend cover and the dividend outlook. After all, the dividend yield is a backward-looking number generated from the last dividend that was paid out. In this way, I can hopefully prevent (or at least minimise) some downside risk. This risk would be that the dividend stocks I invest in cut the payment in the future. This would reduce my passive income and hinder my pursuit of reaching my goal.Buy and holdOnce I’ve picked the selection of dividend stocks that I want to invest in, I’m almost finished. I’d decide whether I wanted to split my £1,000 evenly into the different stocks, or rather increase my allocation to a particular share for some reason. From there, I’d buy the stocks and wait for the next dividend payment date to receive my first income amount, while also accepting that dividend income isn’t guaranteed. Simply click below to discover how you can take advantage of this. Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… 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.last_img read more

Villa Jeju / aoa architects

first_imgArchDaily Year:  Projects “COPY” Area:  445 m² Year Completion year of this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902888/villa-jeju-aoa-architects Clipboard CopyHouses•Seogwipo-si, South Korea Manufacturers: DAELIM BATH, Clay Max, Euroceramics, FILOBE, Hanvit TerrazoClient:Yeongdo E&CArchitects In Charge:Jaewon Suh, Euihaing LeeCity:Seogwipo-siCountry:South KoreaMore SpecsLess SpecsSave this picture!© Hyosook ChinRecommended ProductsFiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaCurtain WallsPOHLVentilated Curtain Wall – Europanel®Curtain WallsJansenFacade Systems – VISS Fire EI30WoodTechnowoodPergola SystemsText description provided by the architects. The client requested Villa Jeju to be a variation of Villa Mangwon, which is the reason for similar namesake. It was necessary to create a more advanced and evolved species in response to the geographical character of Jeju Island while maintaining the fundamental form of stacking. Is there any place in Korea that has more eccentric character than Jeju Island? Could a white building that is likely to be in the Mediterranean location acquire the unique characteristics of Jeju Island just because it features walls made of indigenous basalt stones of Jeju Island? The project began with these simple but practical questions. There are a number of elements that are uniquely associated with Jeju Island and regarded as the identity of the island: Dol hareubang (large rock statue carved from porous basalt), Jeju tangerine, Haenyeo (female divers) and others.Save this picture!© Hyosook ChinFrom sculptures that welcome visitors upon their arrival at the Jeju airport to the erasers sold at elementary school stationery stores, they are cultural icons and omnipresent all over Jeju Island. What if they can be used as an architectural element? We can see statues of Roman gods supporting ancient buildings in Rome, then why can’t we have Jeju’s iconic Dol hareubang statues to support buildings in Jeju? Successfully implemented, it could present possibilities for somewhat differentiated scopes of the discourse freed from the Korean regionalism which had been relatively serious under the premise of ethics within a rather conceptual and pedantic level. To that end, attention was first given to pillars. There are a number of architectural elements, but pillars play a key role in differentiating architecture from other man-made objects.Save this picture!© Hyosook ChinThey are fundamental pieces and have come to be referred to as an iconic symbol that identifies historic styles for different eras. Within that context, local and symbolic, but ordinary and undemanding objects such as Dol hareubang and Jeju tangerine were adopted to play an elevated role of pillars and serve as essential components of the whole building. As a result, this direct and kitsch outcome could be familiar and relatable to the general public. Dol hareubang statue is placed on the ground floor by the entrance and appears to be lightly supporting the concrete slab on its head. It creates the first impression and welcomes guests as the gateway. The disc-shaped wall on the other side is slighted wedged between the ground and the building creating geometric tension as well as ensuring privacy for the unit on the ground floor.Save this picture!© Hyosook ChinFinished with mud-plastered basalt stones which are commonly used for traditional private houses and sheds in Jeju, this disc-shaped wall reminds of Jeju’s famous tangerines. On the ocean facing side, a pillar made of basalt stones and an old tree trunk stand in juxtaposition while contrasting each other. The pillar made of solid basalt stone stands a bit unfamiliar in the middle of the living room on the ground floor, triggering an illusion of a lava flow seeping through the window. While the pillar acts as a focal point of the interior, the tree trunk located by parking garage takes on the role of a playful sidekick. In addition to their design intention, the two pillars perform an important functional role by embracing the drain pipes running down from the roof and terraces on the upper floors.Save this picture!Section 1Villa Jeju shows a firmly stacked form with the classical bilateral symmetry, but it overturns again the type of ‘stacked house’ as it looks unstable and slightly ridiculous due to the objects placed on the ground floor. The way of placing windows is another key element to understand Villa Jeju. They are laid on the top of slabs, but also hung on the bottom of slabs, thus the symmetry could be applicable to not only horizontal but also vertical orientation. Then the direction of gravity gets disoriented and the building hovers lightly like a toy. The elevation facing the ocean was designed to have a transparent glass facade with terraces to maximize the ocean view granted by its location. The opposite elevation features a brick facade with small openings without terraces and thus the building itself faces the ocean.Save this picture!© Hyosook ChinEmbracing the drain pipes in them, the rows of columns of terraces are covered with anodized aluminum sheets. Subtle reflections of the color of the sky on these columns provide visual pleasure by gliding the sight from the living room into the ocean. Pastel-tone orange bricks and horizontal bands of white stucco used for the exterior resonate with conventional buildings in the old town of Jeju Island and make the building highly relatable. The floor plan has a simple A’-B-A-B-A’ type. Two house units are divided by ‘A’ in the middle where facilities such as an elevator and staircase are present. Living room and kitchen are put into one rectangular space, but the bathroom and entrance create an ambiguous boundary between them.Save this picture!Elements Blocks SketchSave this picture!© Hyosook ChinSave this picture!Concept Sketch 1A wall separating the living area and the rooms are composed of concrete and bricks. Concrete wall and beams are exposed in raw but painted white and the same but bigger bricks used for the external wall fill the openings of the concrete wall. The inner wall is treated almost the same as the external wall. The exposed ceiling in concrete and terrazzo floor also brings a heightened sense of external room as if picnicking happens in the living room and kitchen. Overall, Villa Jeju is an experimental multi-family house that strategically contemplates regional locality and popularity through its floor plan and embraces the unique climate and relaxing emotion of Jeju Island.Save this picture!Model 2Project gallerySee allShow lessGreen Shutter House / OOF! architectureSelected ProjectsBallarat East House / Porter ArchitectsSelected Projects Share Architects: aoa architects Area Area of this architecture project South Koreacenter_img 2018 Photographs:  Hyosook Chin, Jaewon Suh Manufacturers Brands with products used in this architecture project Villa Jeju / aoa architectsSave this projectSaveVilla Jeju / aoa architects Houses Photographs Save this picture!© Hyosook Chin+ 40Curated by María Francisca González Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902888/villa-jeju-aoa-architects Clipboard CopyAbout this officeaoa architectsOfficeFollowProductsWoodConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSeogwipo-siSouth KoreaPublished on October 01, 2018Cite: “Villa Jeju / aoa architects” 01 Oct 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More 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 Villa Jeju / aoa architectslast_img read more

Wave House / Mareines Arquitetura

first_imgWave House / Mareines ArquiteturaSave this projectSaveWave House / Mareines Arquitetura ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/928992/wave-house-mareines-arquitetura Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/928992/wave-house-mareines-arquitetura Clipboard CopyHouses•Joatinga, Brazil Photographs Projects Year:  Houses Save this picture!© Leonardo Finotti+ 37Curated by Matheus Pereira Share Brazil CopyAbout this officeMareines ArquiteturaOfficeFollowPatalano ArquiteturaOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrazilPublished on November 24, 2019Cite: “Wave House / Mareines Arquitetura” [Casa onda / Mareines Arquitetura + Patalano Arquitetura] 24 Nov 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?浪之屋,与海同浪 / Mareines Arquitetura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 Area:  1000 m² Year Completion year of this architecture project “COPY” Architects: Mareines Arquitetura, Patalano Arquitetura Area Area of this architecture project Wave House / Mareines Arquitetura 2016 ArchDaily “COPY” Photographs:  Leonardo FinottiSave this picture!© Leonardo FinottiRecommended ProductsWoodTechnowoodPergola SystemsWoodLunawoodThermowood FacadesWoodHESS TIMBERTimber – GLT HybridWoodBlumer LehmannFree Form Structures for Wood ProjectsText description provided by the architects. This residence floats high above the Atlantic Ocean from a granite monolith between the busy neighborhoods of São Conrado and Barra da Tijuca, Rio de Janeiro. A peculiarity of this narrow plot is its southern orientation. We decided to extend the house to both neighbors’ huge walls in order to erase them. There will be immense ocean views, like from a ship. Save this picture!© Leonardo FinottiSave this picture!Second Floor PlanSave this picture!© Leonardo FinottiThere are no traces of land to either sides of the house. Just the sky, the sea, and waves splashing against the rocks beneath. An undulating roof evokes the marine movement and creates operable glass openings that will control the admittance of light and air trough automation. Save this picture!© Leonardo FinottiSave this picture!© Leonardo FinottiDifferent wind directions, sun angles and temperatures will determine necessary adjustments to guarantee thermal comfort in a passive way.Save this picture!© Leonardo FinottiSave this picture!SectionSave this picture!© Leonardo FinottiProject gallerySee allShow lessOPEN Architecture’s Rhythmic Music Hall Nears CompletionArticlesPanasonic Center / LDL DesignSelected Projects Sharelast_img read more

Legion selects Bmycharity.com for online sponsorship service

first_imgBen Brabyn, Managing Director of Bmycharity, and a former Royal Marine Commando, said: “The Legion has always supported friends and former colleagues of ours through injury and bereavement, so we are delighted to be able to help in return. In particular we look forward to helping the Legion fundraising team to increase income while cutting their costs to help secure the future of this great organisation.” Tagged with: Consulting & Agencies Digital Events  30 total views,  1 views today Bmycharity.com will provide an online fundraising and sponsorship service for the Royal British Legion’s Poppy Bike Web site that promotes the charity’s annual cycle rides.The Royal British Legion’s cycle rides take place throughout the year and cater for all levels of ability. The addition of bmycharity.com’s service is expected to boost the income generated by the rides by making it easier for cyclists to promote their ride to friends and family and to collect the income.Nick Hanmer, Events Organiser at The Royal British Legion, says: “We considered alternative providers but realised that Bmycharity’s flexible services will enable us to retain control of our branding and key messages while making fundraising quicker and easier for our cyclists. We are keen to use the service both to increase the Gift Aid we can reclaim and to reduce our administrative costs. We also see online fundraising as an opportunity to recruit more cyclists.” Advertisement Legion selects Bmycharity.com for online sponsorship service Howard Lake | 27 February 2004 | News 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 GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Don’t turn a blind eye to censorship

first_imgCampaigns Related documents Download the campaign (Vertical)PDF – 1.99 MBDownload the campaign (Horizontal)PDF – 1.65 MB Help by sharing this information RSF_en January 11, 2012 – Updated on January 25, 2016 Don’t turn a blind eye to censorship Reporters Without Borders revives tourist awareness campaignPictures hereReporters Without Borders is repeating its awareness campaign in central Paris to draw residents’ attention to the lack of freedom of information in Thailand, Vietnam and Mexico by creating a simulated beach in the city’s main shopping area. On the first day of the January sales, activists from the press freedom organization wearing swimming costumes braved the Paris winter to raise public awareness. “We are carrying on with this campaign, launched last October, to make tourists are aware of the issues before they head for the sunshine,” the organization said. “We are not calling for a boycott of these destinations but we want travellers to see what is behind the scenes. We have chosen three countries that are a paradise for vacationers and a hell for journalists: Mexico, Vietnam and Thailand.“The palm trees, beaches and temples often conceal harsh treatment of journalists and bloggers. We advocate responsible tourism. It is your choice where you take your vacation but it is our duty to tell you where you are venturing.”More than eighty journalists have been killed in the past 10 years in Mexico. Covering drug trafficking has become a risky activity there. Murders of journalists go unpunished so nothing stops the killers from continuing to ply their trade.Many subjects are taboo in Thailand and Vietnam. Criticising their rulers or exposing the corruption that permeates the upper levels of government can land you in jail for 15 or 20 years.MORE INFORMATION : www.censorship-paradise.com Organisation last_img read more

Mark Calabria Applauds Decision to Review Secondary Mortgage Market

first_img July 14, 2020 1,363 Views Previous: Mortgage Delinquencies Hit Four-year High Next: Ginnie Mae Issues $61B in MBS in June Mark Calabria Applauds Decision to Review Secondary Mortgage Market The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 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. Servicers Navigate the Post-Pandemic World 2 days ago Share 1Save Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Mark Calabria Applauds Decision to Review Secondary Mortgage Market Related Articles Tagged with: FHFA Secondary Mortgage Marketcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe FHFA Director, Mark CalabriaThe Financial Stability Oversight Council (FSOC) announced Tuesday during its Principals Meeting that it will begin an activities-based review of the secondary mortgage market.In December, the FSOC implemented an activities-based approach for identifying and addressing potential risks to financial stability.”I applaud Secretary Mnuchin and the Financial Stability Oversight Council for initiating an activities-based review of the secondary mortgage market,” said Dr. Mark A. Calabria, Director of the Federal Housing Finance Agency (FHFA). “As demonstrated by the 2008 financial crisis and again by COVID-19, Fannie Mae and Freddie Mac must be well capitalized in order to support the mortgage market during a stressed environment.”The review will assess both the risk that activities in the secondary mortgage market pose to the stability of the financial system and the efficacy of various risk factors.Calabria, commenting at the FSOC Principals Meeting, said under the Dodd-Frank Act, under one of the Council’s core purposes is “to promote market discipline, by eliminating expectations on the part of shareholders, creditors, and counterparties” of large financial institutions.“Simply stated, the Council’s job is to end bailouts,” he said.Calabria added that he is concerned that the actions taken over a decade, such as the TARP, reinforced the expectation of bailouts.“I also remain concerned that as memories of the 2008 financial crisis fade, so does the resolve for ending bailouts,” he said. “Dodd-Frank ultimately leaves ending bailouts to the discretion of regulators, and I, for one, am committed to using all the tools at my disposal to do just that. I believe the nonbank guidance is an important step toward fulfilling that purpose and ending bailouts.”The FHFA’s Director added that some of the previous nonbank designations were done in such a manner that raised the possibility that designated entities would be perceived as “too big to fail.”“In doing so, the Council ran the risk that a designation would distort market expectations and reduce market discipline, contrary to its statutory purposes. I believe the approach the Council adopted yesterday reduces that risk,” he said. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago FHFA Secondary Mortgage Market 2020-07-14 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more