Mechanical Lloyd Company Limited (MLC.gh) HY2020 Interim Report

first_imgMechanical Lloyd Company Limited (MLC.gh) listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2020 interim results for the half year.For more information about Mechanical Lloyd Company Limited (MLC.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Mechanical Lloyd Company Limited (MLC.gh) company page on AfricanFinancials.Document: Mechanical Lloyd Company Limited (MLC.gh)  2020 interim results for the half year.Company ProfileMechanical Lloyd Company Limited markets and distributes motor vehicles and farm machinery in Ghana. The company has the exclusive agency for BMW (cars and motorbikes), Ford and Land Rover as well as Massey Ferguson agricultural machinery and Lucas products. Mechanical Lloyd company also sells motor spares and parts and has a services department for repair and maintenance of motor vehicles and farm machinery. The company was formerly known as Technical Lloyd and changed its name to Mechanical Lloyd Company Limited in 1970. The company’s head office is in Accra, Ghana. Mechanical Lloyd Company Limited is listed on the Ghana Stock Exchangelast_img read more

MG Residence / Reinach Mendonça Arquitetos Associados

first_imgArchitects: Reinach Mendonça Arquitetos Associados Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/454960/mg-residence-reinach-mendonca-arquitetos-associados Clipboard MG Residence / Reinach Mendonça Arquitetos Associados Brazil Manufacturers: BTicinoSave this picture!© Nelson KonRecommended ProductsDoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalDoorsGorter HatchesRoof Hatch – RHT AluminiumDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcDoorsVEKADoors – VEKAMOTION 82This residence, located in a noble and leafy suburb in western Sao Paulo, is on a flat and deep site, with the main premise of taking the most advantage of the existing green area at the back of the site.Save this picture!SectionThe spaces are distributed across four floors, including the basement, so the extended program could be concentrated in a very compact area. The ground floor contains the living and balcony overlooking the pool, with the comfort of the shade of old trees that have been preserved.Save this picture!© Nelson KonSocial spaces overlook the great garden at the back, as a measure of security and privacy. A 25-meter pool responds to a request from the family that practices swimming as a sport.Save this picture!© Nelson KonDownstairs in the basement, parking for 10 cars supplies the lack of parking area in the surrounding streets. It also contains the service units and other facilities, facing a sunken courtyard.Save this picture!© Nelson KonThe architectural proposal of keeping people together and in harmony, determines the interconnected spaces, including the pool area. A stripe partially invades the ceiling with a double height balcony, built to house the central atrium. The abundant presence of glass allows the visitor or resident to see who is in the children’s room, living room and dining, while overlooking the garden, talking to everyone. The atrium brings together all the environments, eliminating corridors and hallways. Abundant light coming from the sides and the roof softens the program. The third floor, entirely glazed, emanates light for the rest of the house.Save this picture!© Nelson KonThe glazed walls and double height ceilings allow a connection with the exterior and a contact with the trees, both for the interior as well as to see the movement of people through the house, turning circulations into open and comfortable places. The large spans, the void inside, high ceilings, and balconies contribute to air circulation, favoring cross ventilation and the elimination of air conditioning during most of the time.Save this picture!© Nelson KonA mixed structure of concrete and steel is part of the main house, a rectangular volume of exposed concrete interspersed with metal beams. When the structure alternates with a lighter material, the structural system is relieved, with larger openings. On the third floor, which is more open and glazed, the entire structure is steel.Save this picture!Site PlanHVAC:JMT ProjetosAutomatization:Cynthron Automação de AmbientesConstruction:Planejamento Imobiliário e ConstruçõesStructures:SVS Projetos EstruturaisElectrical:Rewald EngenhariaFoundations:MG&A Consultores de SolosHydraulics:Rewald EngenhariaInteriors:RAP ArquiteturaLighting:Mingrone IluminaçãoLandscape:Martha Gavião Arquitetura PaisagísticaSuppliers:Montreaço Estruturas Metálicas (Estrutura Metálica / Cobertura), SVS Engenharia de Projetos (Projetista – Concreto e metálica), Luxaflex (Cortinas e Persianas), Mochiono – Copac Serviços de Marcenaria e Fórmicas (Mobiliário), Macrotoldos toldos e coberturas Ltda (Domos / Toldos), Atlas Schindler (Elevadores), Cynthron Automação de Ambientes (Equipamentos de Segurança), Tecnofeal Esquadrias de Alumínio (Esquadrias / Janelas), De Fragoso Comércio de Tintas e Acabamentos Ltda (Fachadas), Aiiermam Projetos Acústicos (Projetista) / Acúsica Div-Som Comércio materiais de Construção (Isolamento termoacústico / Forro Acústico), Speceng Engenharia de fundações Ltda (Fundação – Hélice Contínua), Aquaproof Impermeabilização e Construção Ltda (Impermebealização), Mingrone Iluminação e Consultoria (Projetista) / Lumini Equipamentos de Iluminação (Luminária e Lâmpadas), A. Pelucio Comércio e Exportação (Pavimentação), Pedra madeira (Pedras), Art Phinal mármores, granitos e Pedras Ltda (Mármores / Granitos), Deca Ltda (Metais e Louças), Papaiz Nordeste Indústria e Comércio Ltda (Fechaduras), Pial Legrand Bticino (Aparelhos elétricos – tomadas / interruptores), Convencional (Sistema Construtivo), L. Santangelo Pinturas Ltda (Tintas), Hitachi (aparelhos – Ventilação) / Assitec Serviços técnicos Ltda (instaladora – Ventilação), Epex Ltda (Bombas de Piscina / SPA), Verde vertical – Talita Gutierrez (Painel Vertical), Shabara Hidráulica Shoji (Projetista – Piscina), Duramax Indústria e Comércio Ltda ME (Sauna), Polytec Churrasqueiras e Lareiras Ltda (Churrasqueira / Lareira), Ceramica Atlas Ltda (Pastilhas Piscina / SPA / Banho), Geloplast (Pastilhas parede banhos / cozinha).Surface Area:1029 m²City:São PauloCountry:BrazilMore SpecsLess SpecsProject gallerySee allShow lessLight Matters: Glass Beyond Transparency with James CarpenterArticlesReconstructing Space, Reconstructing Community in JapanArchitecture News Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/454960/mg-residence-reinach-mendonca-arquitetos-associados Clipboard Manufacturers Brands with products used in this architecture project ArchDaily Projects CopyHouses•São Paulo, Brazilcenter_img Houses Year:  2012 Save this picture!© Nelson Kon+ 29 Share CopyAbout this officeReinach Mendonça Arquitetos AssociadosOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSão PauloBrazilPublished on December 09, 2013Cite: “MG Residence / Reinach Mendonça Arquitetos Associados ” [Residência MG / Reinach Mendonça Arquitetos Associados] 09 Dec 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More 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 “COPY” “COPY” MG Residence / Reinach Mendonça Arquitetos AssociadosSave this projectSaveMG Residence / Reinach Mendonça Arquitetos Associadoslast_img read more

Pyeongdae Panorama / Z_Lab

first_img Photographs “COPY” Projects South Korea Architects: Z_Lab Area Area of this architecture project Pyeongdae Panorama / Z_LabSave this projectSavePyeongdae Panorama / Z_Lab “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/785322/pyeongdae-panorama-z-lab Clipboard ArchDaily CopyHouses•Jeju-si, South Korea Photographs:  Kim Jae-kyeong Area:  125 m² Year Completion year of this architecture project center_img ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/785322/pyeongdae-panorama-z-lab Clipboard Zinyong Construction Save this picture!© Kim Jae-kyeong+ 39 Share Houses Construction: 2015 Site Area:500 sqmArchitect In Charge:Noh Kyung-rok, Park Jung-hyun, Lee Sang-mukCity:Jeju-siCountry:South KoreaMore SpecsLess SpecsSave this picture!© Kim Jae-kyeongRecommended ProductsWoodLunawoodThermowood FacadesWoodBlumer LehmannFree Form Structures for Wood ProjectsEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWoodAccoyaAccoya® Cladding, Siding & FacadesText description provided by the architects. Pyeongdaeri in Jeju was once called “Baengdui.” It means a wild field covered with stone sand grass. The old Jeju is well preserved in this village with traditional stone houses and cottages huddled together in the beautiful seaside. Recently,many newcomers from the land are settling down in this area, converting old farmhouses into handicraft workshops, stores, cafes and guest houses. They are making a positive impact to the village revitalizing the local economy while making efforts to preserve the rural character of the community.Save this picture!© Kim Jae-kyeongThe client was also a family that moved to Jeju from the main land. They were a so-called half-retired generation who retired but refused to live a life of retirees.They wanted to start a new life in Jeju, so they asked us to build a pension where guests can enjoy the privacy that single-family housing offers.Save this picture!1F PlanSave this picture!2F PlanThe construction lot was in the middle section of a big lot used for farming, so taking the future construction of the other lots on both sides into account was important in the design process. Thus, the idea of having side windows was eliminated, Keeping enough distance from both sides, a principle was established to bring the open panoramic view into the interior with the ocean view in the front. The lot was embracing a magnificent ocean view. Wishing the building and the land would reflect all the stunning views of the Pyeongdae Sea, we named the place “Pyeongdae Panorama.”Save this picture!© Kim Jae-kyeongThe concept of Pyeongdae Panorama was creating harmony with the neighborhood by using solid bricks and Jeju’s stone warehouse as a theme. The building would be the shape of two stone slates laid on top of each other with a large panoramic window from which guests can enjoy the sea view unfold in front of their eyes. Pyeongdae Panorama has only two guest rooms so they can be easily managed and maintained by the family without hiring anyone. A maintenance office of about 10m2 was created for the maintenance tasks such as cleaning and laundry washing can be taken care of within the building.Save this picture!© Kim Jae-kyeongEach of the two guest rooms “Ocean Panorama” and “Garden Panorama” have a theme.To allow the guests to keep their privacy while enjoying the ocean view, the rooms are designed in an “L” shape, and the guests of each room can use the front and back yards, respectively. Each room sleeps up to 4 people,and the two rooms are connected by a door so a family or a group of friends can easily stretch out using both rooms. The stone walls are used in the ground to define the areas and create a sense of boundary.Save this picture!SectionThe pension has a separate BBQ pit facing the sea as well as a private outdoor hot tub. The Ocean Panorama gives a spacious, open feel with a high ceiling and a panoramic windows in the living room that opens to the breathtaking sea view. The GardenPanorama has a bi-level structure with a private terrace where guests can enjoy the relaxing garden. Each room is decorated in accordance with the tone and manner, from the lighting and fabric to furnishing, giving a consistent look and feel. To make guests feel right at home, electronic door locks and the security system were installed.Save this picture!© Kim Jae-kyeongAs a livelihood forthe second start after retirement, Pyeongdae Panorama offers flexibility ofconnecting two separate guest rooms and scalability so the place can beexpanded to serve as a main home for the retirees some day when they decide toreally retire.Save this picture!© Kim Jae-kyeongProject gallerySee allShow lessMLC Centre Food Court / Luchetti KrelleSelected ProjectsHouse for Hermes / Andrew Simpson ArchitectsSelected Projects Share Pyeongdae Panorama / Z_Lab Year:  CopyAbout this officeZ_LabOfficeFollowProductsConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesJeju-siSouth KoreaPublished on April 11, 2016Cite: “Pyeongdae Panorama / Z_Lab” 11 Apr 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogMetal PanelsAurubisCopper Alloy: Nordic BrassGlassMitrexSolar GreenhouseLouvers / ShuttersTechnowoodSunshade SystemsFaucetsDornbrachtKitchen Fittings – EnoWoodSculptformTimber Tongue and Groove CladdingMembranesEffisusFaçade Fire Weatherproofing Solutions in Design District Project LondonHanging LampsLouis PoulsenPendant Lights – KeglenBlinds / Mosquito Nets / CurtainsBANDALUXPleated ShadesEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAWoodBlumer LehmannCNC Production for Wood ProjectsMaterials / Construction SystemsCaneplex DesignPoles – Tonkin BambooFibre Cement / ConcreteTegralFibre Cement Slate Roofing – Thrutone Endurance SmoothMore 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 streamlast_img read more

Crowdfunding provides solution to staffing needs for Abortion Support Network

first_img Melanie May | 14 December 2016 | News Tagged with: crowdfunding Fundraising ideas The Abortion Support Network (ASN) is using Crowdfunder to help it address its staffing needs with a campaign to part fund a new fundraiser.Through The Funding Frontier campaign, the charity is seeking to raise £7,000 towards the fundraiser position, which it says has become necessary to help it meet rising demand for the charity’s services and to enable the charity to grow, with £10,500 already donated by supporters. It is offering a number of rewards in return for donations including a personal thank you email from the charity’s director and board for a pledge of £14, and a limited edition ASN badge for £35.So far the campaign has raised pledges of just over £4,500 with the target deadline set as 4th January.This is the second time the charity has used crowdfunding in such a way. In 2014, ASN ran its The Next Level crowdfunding campaign, choosing crowdfunding because of a need to help finance the part-time role of director Mara Clarke and as a result of supporter insight, which told it that supporters engaged with it online. This campaign raised just over £14,000 in 42 days from 259 backers.The campaign is being promoted through a mixture of emails to supporters, direct mail to a small proportion of supporters, and social media activity, including links with influential supporters of ASN and allied organisations.Caoileann Appleby, trustee, Abortion Support Network said:“As a very small organisation, crowdfunding enabled us to turn what could be perceived as weaknesses – little staff resource, very little budget for offline communications – into strengths (an engaged online community of supporters, and a genuine personal touch in our communications with them). When, during this year, we realised that we needed a fundraiser to help fuel the growth of ASN and keep up with further increases in client demand, it was a natural fit to turn to crowdfunding again.”  117 total views,  1 views today Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis9 Crowdfunding provides solution to staffing needs for Abortion Support Network About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  118 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis9last_img read more

Trump confronted at school commencement

first_imgProtesters from Virginia and beyond confronted President Donald Trump and all he represents on May 13 at Liberty University in Lynchburg, Va. Beginning in the early morning hours, protesters set up a picket line directly across from the university where Trump was the commencement speaker.Sponsored by the Seven Hills Progressive Society and supported by organizations such as the Roanoke Peoples’ Power Network, protesters of all ages, nationalities, genders and sexualities held a strong line for more than three hours. Chants included “No Trump, no KKK, no fascist USA,” and a rainbow of placards and banners denounced racism, sexism, bigotry and U.S. wars.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img

RSF worried by Hun Sen regime’s repeated attacks on media freedom

first_imgMuch of the data used in the Global Witness report was taken from theCambodian commerce ministry’s own publicly available database.Significantly, this data has been removed from the ministry’swebsite since the report’s publication but it is still available on the Global Witness website. “The Cambodia Daily and the Phnom Penh Post areforeign newspapers that often try to find all venomous means andtricks to destroy the peace of Samdech Hun Sen,” the letter said.“(…) The two newspapers should reform themselves by working witha high code of ethics and be clearly responsible and beneficial toCambodia as a whole. Otherwise, Cambodia will have no choice but totake legal action and send all of you out of Cambodia.” CambodiaAsia – Pacific Condemning abuses CorruptionJudicial harassmentFreedom of expression “The reactions of all these officials and members of the primeminister’s family are outrageous even if not entirely surprising,”said Benjamin Ismaïl, the head of RSF’s Asia-Pacific desk. The authorities announced a “vigorous” investigation after KemLey was gunned down in Phnom Penh on 10 July, but freedom ofinformation seems more endangered than ever and journalists continueto be the targets of threats and violent reprisals in connection withtheir activities. RSF decries Cambodian plan for Chinese-style “Great Firewall” Reporters Without Borders (RSF) is alarmed by a surge in threats to journalists and in media self-censorship in Cambodia, exacerbated by political commentator and anti-corruption activist Kem Ley’s murder a week ago, and urges the government to stop intimidating the media and flouting freedom of information. Help by sharing this information “We should rightly have expected a measured response addressing thesubstance of the allegations but instead we have seen intemperatecomments and even threats against the media, which have just beenserving the public interest. We caution Hun Sen’s governmentagainst any judicial reprisals against media outlets. Gagging thepress would just make things worse for him.” Organisation RSF_en Kem Ley’s murder came just days after he spoke on Radio FreeAsia about a report published by British human rights NGO GlobalWitness on 7 July describing how Prime Minister Hun Sen’s familyhave gained control of many of Cambodia’s most important companies. Follow the news on Cambodia When a journalist asked him about the letter, cabinet spokesman PhaySiphan seemed to give it at least partial approval. He said he wouldsummon the media to ensure that the situation did not escalate andadded, with a laugh: “I don’t want the messenger to get killed, myfriend.” News Both newspapers, which are among Cambodia’s leadingEnglish-language media outlets, had run stories about the report. HunMana is herself one of Cambodia’s four biggest media owners. One ofthe prime minister’s sons also accused the Global Witness reportand the media coverage of being “full of mistakes and falseinformation” designed to defame the family. Infography from Global Witness report “Hostile Takeover” The day the report was issued, one of the people named in it, HunMana, the prime minister’s eldest daughter, condemned the“destructive efforts” of Global Witness, the Phnom Pen Postand Cambodia Daily, and accused them of colluding to“disparage and defame the Hun family with false information”ahead of elections scheduled for 2017 and 2018. Cambodian journalist gets 20 months in jail for livestream Cambodia is ranked 128th out of 180 countries in RSF’s 2016 World Press Freedom Index. Google experiments drop Australian media from search results January 21, 2021 Find out more Receive email alerts to go further July 18, 2016 – Updated on March 24, 2017 RSF worried by Hun Sen regime’s repeated attacks on media freedom CambodiaAsia – Pacific Condemning abuses CorruptionJudicial harassmentFreedom of expression News News On the day of his murder, the interior ministry issued a statementwarning both Cambodians and the international community against “delivering unconfirmed information which could potentiallymislead the public.” February 24, 2021 Find out more News The sensitivity of the Global Witness report, entitled “Hostile Takeover,” was also apparent from the anonymous threatening letterthat was sent to the two newspapers and was posted on thepro-government website Fresh Newspro-government website Fresh News under the title “Behaviourplunging Cambodians into a bonfire of war because of foreigners.”It was accompanied by a Nazi propaganda cartoon to which the names ofthe NGO and the two newspapers had been added. December 28, 2020 Find out morelast_img read more

Broadcast media forbidden to let public express views on the air

first_imgNews April 21, 2009 – Updated on January 20, 2016 Broadcast media forbidden to let public express views on the air March 8, 2021 Find out more Organisation RSF_en News Receive email alerts TogoAfrica Convicting “petrolgate” journalist of defamation would be disastrous, RSF says News Togolese authorities urged to lift newspaper’s four-month suspensioncenter_img News TogoAfrica March 11, 2021 Find out more Follow the news on Togo Togo court upholds “baseless and disproportionate” newspaper closures Reporters Without Borders condemns an order issued by the High Council for Broadcasting and Communication (HAAC) on 17 April banning all radio and TV programmes in which the public is allowed to express its views. The ban, prompted by comments made on the air about the president’s brother arrest on 15 April, is to remain in force until further notice.“This is a dangerous decision that seems designed to gag the media at a time of political instability,” Reporters Without Borders said. “If allowing the public to speak on the air has led to excesses, a regulatory body should encourage efforts to moderate them rather ban these programmes outright. We urge the HAAC to allow Togo’s broadcast media to resume normal programming.”The HAAC, the main broadcast media regulatory body, banned interactive programmes on “all radio and TV stations until further notice” in order “to avoid excesses.” In a communiqué, the HAAC appealed for “more restraint in the handling of news” and warned that failure to observe the ban would expose violators to disciplinary measures.The ban was prompted by the comments Togolese citizens made on the air about last week’s events including the arrest of President Faure Gnassingbé’s brother, parliamentarian and former defence minister Kpatcha Gnassingbé, on 15 April in Togo, and the discovery of an arsenal of sniper rifles and satellite telephones in raid on his home. Some 20 army officers and another of the president’s brothers, Essolizam Gnassingbé, were also arrested.In an address on national television on 17 April, President Gnassingbé said there had been an attempt “to destabilise the republic’s institutions” and stage a “coup d’état”. The media rushed to cover the story and several Togolese citizens spoke critically of a “fratricidal power struggle” in the course of programmes that went out live.The Gnassingbé family has been in power for the past 42 years in Togo. The country’s generals imposed Faure Gnassingbé as his father’s successor in 2005. His elevation to the presidency was later confirmed in an election marred by violence and a disputed result. to go further Help by sharing this information September 15, 2020 Find out morelast_img read more

Wisconsin Representative Continues CFPB Reform Efforts With Series of Proposals

first_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: CFPB Reform Consumer Financial Protection Bureau Republicans Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Republicans’ effort to reform the Consumer Financial Protection Bureau (CFPB) continued on Friday with the introduction of a comprehensive reform package by U.S. Representative Sean Duffy (R-Wisconsin).Part of the package of CFPB reform proposals that Duffy has either sponsored or co-sponsored includes the bill introduced on Wednesday by Representative Randy Neugebauer (R-Texas) that would replace the CFPB director with a bipartisan five-member committee.The flurry of legislation to reform the CFPB has come swiftly following the testimony of the Bureau’s director, Richard Cordray, before the House Committee on Financial Services on March 3.”After hearing testimony from Director Richard Cordray this week, I am convinced now more than ever that the CFPB is in dire need of structural reform,” Duffy said. “He continues to stonewall Congress, he won’t respond to Congressional inquiries, and why would he? We have no tools in the toolbox to hold the fortress that is the CFPB accountable.”Other measures to reform the CFPB that Duffy introduced this week include: The Bureau of Consumer Financial Protection Act, which makes the CFPB subject to the regular appropriations process; the Consumer Right to Financial Privacy Act, which requires the Bureau to obtain consumers’ permission before collecting data on them; the Consumer Financial Protection Safety and Soundness Improvement Act, which reduces the number of members of the Financial Stability Oversight Council that may overturn a CFPB ruling from two-thirds to a simple majority; and the CFPB Pay Fairness Act, which puts CFPB employees on the regular government pay scale (they currently set their own pay rate).”Protecting consumers is important to everyone,” Duffy said. “However, this is an agency that is led by one man. It’s an agency that makes rules and regulations that restrict access to credit for everyone while they collect data on consumers without their permission, and Congress can do nothing about it. It’s time to bring some common-sense reforms to this agency; these bills will begin to do that.”Republicans who view the CFPB as overreaching and unaccountable have tried to increase Congressional oversight for the CFPB ever since the Bureau was formed in 2011 out of the Dodd-Frank Act. They have especially made a push for CFPB reform since they gained a majority in both the House and the Senate in November. Democrats have criticized Republicans’ efforts at reforming the CFPB and have repeatedly vowed to fight any legislative attempts at such reform.”I cannot imagine staff time and resources that the Bureau has spent responding to your frivolous requests – at the expense of helping our nation’s consumers,” Representative Maxine Waters (D-California) said during the hearing in which Cordray testified earlier this week. “But that’s precisely the Republican playbook. They want the CFPB to be wasting resources digging out from under a deluge of requests – so that the payday lenders, debt collectors, and other predators can continue victimizing the American people unabated.”In February, Representatives Steve Stivers (R-Ohio) and Tim Walz (D-Minnesota) revived a bipartisan bill that would create an independent Inspector General for the CFPB that is appointed by the president and approved by the Senate. The Bureau currently shares an IG with the Federal Reserve, a position that is appointed by the Fed chair and not subject to Senate approval. Share Save About Author: Brian Honea Previous: Economist: Job Gains Solid, But Muted Wage Gains Hindering Housing Next: Small CLO Managers May Have Trouble Complying With Risk Retention Rule The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Newscenter_img Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. March 6, 2015 1,266 Views Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Wisconsin Representative Continues CFPB Reform Efforts With Series of Proposals Home / Daily Dose / Wisconsin Representative Continues CFPB Reform Efforts With Series of Proposals Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily CFPB Reform Consumer Financial Protection Bureau Republicans 2015-03-06 Brian Honea Subscribelast_img read more

Mortgage Rates Influencing Homebuyers

first_img The Best Markets For Residential Property Investors 2 days ago Previous: A Question of Housing Affordability Next: The Industry Pulse: Updates on First American, Cloudvirga, and More Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The 30-year fixed mortgage rate averaged 3.55% as of August 22, according to the latest Freddie Mac Primary Mortgage Market Survey. This is the lowest rate Freddie Mac has recorded since November 2016. The 30-year FRM declined by 0.5 percentage points from the previous week’s rate of 3.60%. The 15-year FRM and 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) declined as well, down to 3.03% and 3.35%, respectively.“The drop in mortgage rates continues to stimulate the real estate market and the economy,” said Sam Khater, Freddie Mac’s Chief Economist. “Home purchase demand is up 5% from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years. Households that refinanced in the second quarter of 2019 will save an average of $1,700 a year, which is equivalent to about $140 each month.”“The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity,” he continued.While lower mortgage rates may influence some potential buyers to move ahead, inventory continues to stifle the market. Data from Fannie Mae’s Economic and Strategic Research Group found that limited inventory, especially for affordable housing, continued to remain a challenge for homebuyers. This, despite Fannie Mae’s latest Home Purchase Sentiment Index suggesting strong homebuyer interest after recording a new survey high in July.The report also suggested an uptick in refinance activity as mortgage rates nearing new lows. The report indicated that the share of refinancing activity had risen from 29% in 2018 to 35% in 2019.“Mortgage rates are approaching the lowest level in recent decades, and as they have moved lower more and more homeowners are finding incentive to refinance,” Duncan said. “We estimate that 35% of outstanding mortgages are now ‘in the money,’ meaning borrowers may realize significant cost savings by refinancing; as such, we expect the share of refinance originations to grow through the remainder of the year.” Homebuyers Inventory Mortgage Rates Sales 2019-08-22 Seth Welborn Share Save The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Tagged with: Homebuyers Inventory Mortgage Rates Sales Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Mortgage Rates Influencing Homebuyers August 22, 2019 1,028 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / Mortgage Rates Influencing Homebuyers Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Demand Propels Home Prices Upward 2 days agolast_img read more

Renters’ Homeownership Hopes Delayed

first_img Coronavirus housing market 2020 Renters 2020-07-09 Mike Albanese About Author: Chuck Green July 9, 2020 942 Views Demand Propels Home Prices Upward 1 day ago Sign up for DS News Daily Renters’ Homeownership Hopes Delayed Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: New CFO Named for Private Money Lender Next: Unemployment Claims Rise to 3.2M in Daily Dose, Featured, News  Print This Post Subscribe Related Articlescenter_img Tagged with: Coronavirus housing market 2020 Renters Data Provider Black Knight to Acquire Top of Mind 1 day ago Data Provider Black Knight to Acquire Top of Mind 1 day ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 1 day ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago COVID-19 is quashing the hopes of many renters eager to invest in a home of their own.According to a recent survey conducted on RENTCafe.com, at the beginning of the year, 11% of renters indicated they’d been intent on buying a house this year. Among Gen X renters, 15% had the purchase of a house squarely on their radar in 2020, as had 14% of older millennials.The survey, which ran at the end of May 2020, asked 7,000 renters about their housing plans prior to and following the pandemic’s touch down.While plans are made to be broken, it is now being reported that 43% of renters that were on the precipice of plucking down the cash for a residence have been deterred by the pandemic—not to mention skyrocketing home prices.Among renters compelled to stay the course; fueled by Gen Z-ers and Baby Boomers, the largest share was going to shift gears and settle into a smaller unit. Millennials and Gen Xers?In addition to economic uncertainty, 43% of prospective homebuyers were prompted by lost income, changed their plans, stated the report. The handful of renters set on buying a home this year hit the brakes as well. Among older millennials, as many as 50%—the demographic most likely to buy—were forced to take a pass.Relatively speaking, baby boomers essentially were undaunted, determined not to allow the pandemic to derail their plans. Just 37% rethought buying a home purchase, while nearly one-quarter of renters now believe buying a home is perpetually out of reach.All that said, however, in the eye of the pandemic, even renting is no sure thing. In April, numerous states and cities implemented eviction moratoriums to abet the effort of renters to keep their homes, reported by DS News.The catch: it’s apparent that this action is no more than a temporary respite in light of a daunting issue. Meaning, while renters might be able to remain in their home for now, it doesn’t preclude an avalanche of evictions upon the lifting of the moratorium.While these measures may keep renters in their homes today, they may easily lead to a flood of evictions the moment the moratoriums are lifted.With close to half of all renters considered rent-burdened; meaning they spend more than 30% of their income on their monthly rent, renters are particularly vulnerable in this current economic crisis.In a March article, according to two researchers from the Urban Institute, “eviction moratoria on their own, as many governments are proposing or enacting, would only address a small part of the crisis.” Without additional rent relief or flexible cash assistance, they added, moratoria could reduce COVID-19 transmission risks today but create an eviction tsunami later. Home / Daily Dose / Renters’ Homeownership Hopes Delayed The Best Markets For Residential Property Investors 2 days agolast_img read more