Digital investment pays dividends

first_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Digital investment pays dividends ICAP’s decision to invest $250m in new technology last year is going to pay dividends. Having attracted over €10bn worth of interest rate swaps (IRS) to its new electronic platform during its first week of operation, it is now reaping the rewards. Big investment banks like Citi, BarCap, Deutsche Bank and JP Morgan are market makers on the new system, and are clearly trading with gusto. They will be hoping that the decision to move IRS on to an electronic platform will satisfy regulatory demands for greater transparency in the over-the-counter (OTC) derivatives market; until now, the IRS market has been controlled by dealers who did not disclose prices publicly. The advantages of electronic trading go much deeper. Banks are able to execute more complex trades than they could over the phone, such as a series of different trades simultaneously. The possibilities for ICAP are obvious. IRS account for almost three quarters of the OTC market, with euro IRS worth some $4 trillion. Phone broking is dead, long live electronic platforms. Tuesday 14 September 2010 8:56 pm Show Comments ▼center_img whatsapp Share KCS-content Tags: NULLlast_img read more

Six questions ahead of the opening round of the Six Nations

first_img Hopes of a nation: The national team captains pose as the 2016 Six Nations kicks off It will always be hard for Italy to really challenge in this competition, given the resources they lack compared to the other teams, but France are no world beaters and this could be their chance to claim another famous win.But Italy are ravaged by injuries, like Ireland, and coach Jacques Brunel will have to get creative if his team are to get much out of this first match. Going forward Scotland look decent, but their defence at the World Cup was what let them down and that will have to change if they are to beat England on Saturday.4. Will Guy Noves’s bold selections pay off?All the right moves: Guy Noves has surprised many with his bold selectionFour players will make their debuts in Guy Noves’s first game in charge of France, with three more on the bench.Players like Mathieu Bastareaud have paid the price for underperformance in recent years by being left out of the Six Nations squad, with three of the debutants starting in the backs.There is still the core of players who had featured under Philippe Saint-Andre, such as Maxime Medard, Louis Picamoles and Gael Fickou, but this has all the feelings of a fresh start from France, looking for their first Six Nations win since their grand slam in 2010.5. Can Wales perform under the pressure of being tournament favourites?Too close to call: There’s not been much to separate Ireland and Wales in recent yearsWarren Gatland and Wales know all about winning the Six Nations, having won three times in the last eight years and claiming two grand slams in the process.Wales’s strength is that their team is still full of the players who won in 2012 and 2013, with one or two left from the 2008 victory.Dan Biggar was a revelation in the World Cup, making the big kicks when needed and that kind of experience will pay dividends in the Six Nations.Wales also start the Six Nations with a reasonably clean injury slate, having seen their squad decimated by ailments at the World Cup.Gatland will want to take advantage of Wales’s attacking options, but a win in Ireland on Sunday will be the number one objective.6. Can Italy repeat 2013 and get only their fourth win on opening day?Azzurri power: Alessandro powers over for a try as Italy storm to comfortable winThe last time Italy played France on opening day they won – one of just three wins they’ve had on day one since they joined the championship in 2000. 1. How will England start under Eddie Jones?Pragmatic Eddie: Eddie Jones knows Test coaching is a marathon, not a sprintFrance also have a new coach after the World Cup, but all of the attention is on the new England boss Eddie Jones going into the 2016 Six Nations.With a reputation as a master tactician, who led lowly Japan to victory over South Africa in the Rugby World Cup last year, the pressure is on Jones to get England back to the top of the world rankings after a disappointing World Cup campaign.He’s resisted the temptation to shake things up too much in the aftermath of Stuart Lancaster’s reign, keeping many of the same players in the squad, but installing Dylan Hartley as captain and injecting some uncapped youth into the squad.With all due respect to Scotland, Jones’s first match in charge could have been harder, but the old rivals north of the border will be keen to derail England’s comeback before it’s even begun.2. Can Ireland beat the odds and start their title defence with a win?No quarter given: Johnny Sexton drives Dan Biggar back into the turf in 2013Two Six Nations titles in a row and Ireland are only third favourites to do the treble. The team has undergone a lot of changes in recent years, with the retirements of Brian O’Driscoll, Ronan O’Gara and now Paul O’Connell, and key players have been struggling with injuries.The team they face in week one are the team who are many people’s favourites for the title come March 19 – Wales – and with a weakened team they will face the toughest of starts.Their entire back line is out, with Rob Kearney, Luke Fitzgerald and Tommy Bowe all cooped up in the treatment room. The centre partnership of Jared Payne and Robbie Henshaw are exciting, but lack the experience of the pair they will face on Saturday, Jamie Roberts and Jonathan Davies.The forward pack is as depleted, if not more, than the backs, with key figures such as Peter O’Mahoney, Sean O’Brien and Cian Healey among those missing.It’ll surely be one of the stories of the tournament if Ireland can overcome these absences to win against Wales.3. Will Scotland end their Calcutta Cup losing streak?Time heals: Greig Laidlaw says the scars of Scotland’s World Cup exit will take a whileIt’s been eight years since Scotland beat England in a Test match, when they triumphed 15-9 at Murrayfield.Apart from a 15-15 draw two years later it’s been all England since then and many of the games haven’t been particularly close.Scotland have been on the brink of being competitive in the Six Nations for a few years now, but with the mix of youth and experience they now possess could this be the year they move up the results table?center_img As the Six Nations gets underway on Saturday, here are six things we will be looking out for in the opening round of matches LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

Get to know Samoa’s Chris Vui

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS The back-five forward was a latecomer to rugby but has been quick to make an impact TAGS: Samoa Get to know Samoa’s Chris VuiChris Vui was 18 when he first started playing rugby but within a few years he had become Samoa’s youngest-ever captain, leading the team out against Scotland in 2017 aged just 24. Here he tells his story…I grew up in a tight community. My mum and dad came over to New Zealand from Samoa and I grew up in the west of Auckland. The area we lived in had a bad reputation and back then there used to be a lot of violence, but all my family were there. It was a Pacific Islands area and I’d spend lots of time with my cousins. When I was a baby I probably went back to Samoa two times and in my high-school years we’d go back every year. I love the country.There was a lot of Samoan culture in my childhood. There was the food obviously – lots of taro. We’d have huge gatherings and do a lot of things with the Samoan Methodist Church. There would be fund-raisers and we’d play kilikiti, Samoan cricket. I was really close with my friends from church and we still keep in touch.Time for prayer: Chris Vui and Paul Alo-Emile at the World Cup (Getty Images)I haven’t found a church in Bristol but me and my partner pray at home, and we have sessions at the club where we can open up about anything. It’s great to have that faith in the squad.Watch: Meet the Pacific Islanders at BristolI played all sorts of sport growing up. I played cricket for the Massey High School first XI, a bit of volleyball, basketball, soccer. All these things were when I was hanging out with my mates and weren’t anything serious.I didn’t play rugby until my late teens. The boys I was closest with growing up went to Waitemata (RFC) and I went with them to play for the U19s, then got picked by the premier (first) team. I was picked up by some scouts, played for New Zealand U20 and everything snowballed from there.I was working as an apprentice carpenter. And at the same time I got an ITM Cup contract with North Harbour – it’s semi-pro.I loved being in New Zealand but I wanted to do something for myself, to explore. I asked the question to my agent (about playing overseas) and Worcester picked me up. It was only for six months but I thought if I played well someone else would pick me up and Bristol did.Moving overseas made me grow up in a way. I’m so close to my family, then I had to live by myself in a whole new country. I had to get everything sorted off the field and play rugby at the same time – that was probably the hardest thing. Luckily some boys knew other boys from back home, so that made it a lot easier. Flag bearer: Chris Vui shows his pride for Samoa (Getty Images) This article originally appeared in the October issue of Rugby World magazine.Follow Rugby World on Facebook, Instagram and Twitter. In the thick of it: Chris Vui in action against Russia at Japan 2019 (Getty Images)Playing for Samoa is definitely the best decision I ever made. I was approached by Samoa in my last year at North Harbour and I decided to commit to them. It’s a privilege to play for Samoa, to be part of Samoa’s history and part of the Samoa jersey. It’s pretty hard to explain and put into words, but to get that chance means a lot.I giggled when I was named Samoa captain! It was a surprise. It was in a meeting and I was thinking, ‘What’s happening? I only got into the squad a year ago and now I’m captain.’ After a few seconds, I sat back to take it all in.I knew I had to step up because it’s the biggest job in the Samoa jersey. It’s a huge honour. I’m action over words, respect everyone – that’s how I lead.Steve Jackson was my coach at North Harbour. The November tour was his first as Samoa coach and I was injured, but he tells the boys what he wants. I’m excited by the ideas he brings to the table.We can surprise people at the World Cup. A lot of teams probably think we’re a physical side, but we know the game’s evolved and you’ve got to change it up. There’s a lot more kicking in international rugby, a lot more set-piece, so it’s not just razzle. We’re naturally talented in flair, but a bit of structure is also what’s needed.Honour: Chris Vui in action for the Barbarians (Getty Images)Playing for the Barbarians is a huge honour. Growing up in New Zealand and seeing the way they play, the jersey, the world-class players they have, was awesome. I always dreamed of playing for them but I didn’t think I’d make the squad at this age. To do it at this point of my career was huge.I’ve never had too many hobbies but I do a bit of painting. Now and then I pop to Hobbycraft to get some paints and a canvas. I’ve been asked to do portraits by team-mates, but I tell them to come round with the materials for me and no one has. After rugby I might try to do something that involves some sort of art and building, maybe architecture.Me and my partner, Karen, are high-school sweethearts. We were in the same class so we’ve known each other for a long time. We have a little girl, Kaylen, and I hang out with my family as much as I can.last_img read more

Beck’s Backs Liberty System

first_img By Gary Truitt – Jan 22, 2013 Home Indiana Agriculture News Beck’s Backs Liberty System At their winter agronomy meetings, now being held around the state, Beck’s is talking with growers about how to work the Liberty system into their operations. Jacobs says it will require some adjustments, “Weed size is an issue. You cannot let your weeds get large, you have to control them when they are 2-4 inches tall.” He also recommended starting with a clean field by using a fall or spring applied residual herbicide, “We can’t do some things we did with the glyphosate system.” He added the Liberty system is a great system, but it is not as forgiving as the glyphosate system. For more information, contact your Beck’s representative. Facebook Twitter SHARE Beck’s Backs Liberty System [audio:|titles=Beck’s Backs Liberty System]center_img SHARE Beck’s is recommending the Liberty Link system because it performs so well in Indiana. Jacobs says thousands of field trials have shown the Liberty system works in Indiana, “There is zero yield resistance. In multiyear trials, there was a 2/10 of a bushel difference between glyphosate and Liberty; and the advantage went to Liberty.” Facebook Twitter There are several new weed control alternatives to glyphosate and Beck’s Hybrids is pushing the Liberty system. Glyphosate resistant weeds have been showing up in more and more Indiana fields, and farmers are looking for new modes of action to add to their weed control tool box. Paul Jacobs, with Beck’s Hybrids, says growers have to make a change, not to replace glyphosate but to save it, “We have to make a change. We can’t just keep doing the same thing we have or we will lose this technology.” He said glyphosate is one of the best weed control systems ever but, with increasing weed resistance, farmers must learn to manage with different tools in addition to glyphosate. Previous articleGrowth Energy Vows to Help President with Clean, Renewable Energy AgendaNext articleUSFRA Reveals Faces of Farming Winners Gary Truittlast_img read more

Indiana Farm Bureau Highlights Challenges and Priorities at State Convention

first_img SHARE Indiana Farm Bureau Highlights Challenges and Priorities at State ConventionIndiana Farm Bureau members gathered in Fort Wayne over the weekend for their annual state convention. For President Randy Kron, it was a special convention because it was his first opportunity to deliver the President’s address.  In his address on Friday evening, Kron outlined the successes of and challenges facing the organization. He also touched on the key elements of  the organization’s newly drafted, strategic plan and discussed the legislative priorities for 2017.This past year, the Vandenberg County farmer traveled to all 92 counties to talk with Farm Bureau members about what they want from their organization. Kron told HAT the members had one clear message, “Engaging the younger generation. Teaching them how important it is to stand up and be an advocate for agriculture.”In his address, Kron also hit on the new Farm Bureau strategic plan that’s top priority is to “Create and promote a positive image of agriculture.” Kron said the organization has been working hard on this with their “Raise Your Voice” campaign, but that more needs to be done.  “We need to help our members learn how to tell their own story,” he stated. The 5 year plan has six primary goals:Creating and promoting a positive image of agriculture and doing more to “tell our story.” Indiana Farm Bureau Highlights Challenges and Priorities at State Convention SHARE Facebook Twitter Continuing successful advocacy efforts at the local, state and national levels.At the convention, there was a good deal of celebration for the victory that was achieved this past year with a reduction in farmland property taxes by the Indiana General Assembly. In 2017, Kron said the priority will be infrastructure, “Rural roads are very important; and, with a tight state budget, we need to make sure there is funding for rural roads.”  On the federal level, he said the Farm Bill is item number one. Farm Bureau has already started listening sessions to take grassroots input on what federal farm policy should be.Despite some challenging economic times, the mood at the convention was upbeat with a good deal of determination to survive the tough times and meet the many challenges facing agriculture.  “I don’t have to tell you we are facing tough economic times on the farm,” said Kron, referring to the low prices Midwestern farmers are receiving for many commodities. “Whether it’s those economic challenges or the obstacles we face as Farm Bureau, we must look for solutions and find our collective voice to advocate for change.” In his address he challenged members saying, “Now more than ever, we must keep raising our voices – here at home and nationally – to protect Hoosier farmers.”There was also a lot of hallway talk about who might be picked to be the next Secretary of Agriculture. Several prominent Indiana farm leaders are on the short list of possible nominees, including former IFB president Don Villwock. Kron told HAT that farmers are keeping a close watch on who will head some key government agencies and what the Trump administration does on issues like trade, immigration, and renewable fuel. By Gary Truitt – Dec 9, 2016 Improving the awareness of Farm Bureau as a valuable resource.center_img Home Indiana Agriculture News Indiana Farm Bureau Highlights Challenges and Priorities at State Convention Enhancing the organizational structure to strengthen county Farm Bureaus. Growing membership in a consistent and sustainable way. Creating a positive member experience. Facebook Twitter Previous articleClosing CommentsNext articleOne Smart Way to Take Advantage of Land Values Gary Truittlast_img read more

State TV broadcaster cancels political debate in run-up to elections

first_img RSF and 60 other organisations call for an EU anti-SLAPP directive BelgiumEurope – Central Asia November 23, 2020 Find out more News to go further Help by sharing this information BelgiumEurope – Central Asia Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU Follow the news on Belgium Receive email alerts Newscenter_img June 2, 2021 Find out more December 2, 2020 Find out more Ten RSF recommendations for the European Union RSF_en News Reporters Without Borders firmly condemns the decision by the board of governors of Belgium’s French-language public broadcaster, Radio Télévision Belge Francophone (RTBF), to cancel the election debate that it was supposed to broadcast yesterday jointly with its Flemish-language counterpart, Vlamse Radio en Televisie (VRT).The board’s standing committee opposed the debate on the grounds that the regulations of the Higher Council for Broadcasting (CSA) forbid the participation of extreme right-wing parties in any debate broadcast by RTBF. Known as the “media cordon sanitaire,” this rule has been in force at RTBF since 1991. It does not, however, apply to VRT, which allows all parties to participate in its political programmes, including the far-right Flemish party Vlaams Belang.After getting a green light from RTBF’s legal department, the standing committee gave the go-ahead for an alternative debate in which the four leading French-speaking political parties would take part. But, while not opposing the holding of the debate, one of those parties, Mouvement Réformateur (MR), refused to participate. As a result, the initiative collapsed.“It is surreal that that the public broadcasters of Belgium’s two main linguistic communities do not follow the same code of conduct,” Reporters Without Borders said. “French-speaking journalists are just as capable as their Flemish-speaking colleagues of giving viewers a rigorous analysis of all political views. “The ‘cordon sanitaire’ imposed by RTBF’s management is utterly unacceptable in a European Union country and sets a terrible example that governments in some countries will quickly use to justify the absence of opposition parties in the current affairs programmes broadcast by their own public services”. “As a public TV broadcaster, RTBF has a duty to inform Belgian citizens about the entire national political context, especially when elections are about to be held. This clearly includes analysis of the most extremist movements. Like any news organisation, RTBF cannot be held responsible for the views that interviewees express on the air, regardless of whether the broadcast is live. While RTBF’s management and journalists should make it clear they disagree with any racist views that may be voiced on the air, it is not their job to censor them.“It is unacceptable that the members of RTBF’s board of governors, who are all nominated by the four main French-speaking political parties, should ‘select participants’ for a political debate and intervene to such a degree in the details of political broadcasts. While all the political parties should clearly be invited to participate in political debates, insisting that each of them participate is also surreal and highly questionable.”Reporters Without Borders added: “We urge RTBF’s board of governors to reverse this decision as a matter of urgency and to allow the station’s staff to organise a joint television debate with VRT in which all of Belgium’s political parties are invited to take part. We also urge the French-speaking community and the CSA to urgently abolish the ‘cordon sanitaire,” a form of censorship that is incompatible with European democratic standards.” News Organisation May 31, 2010 – Updated on January 20, 2016 State TV broadcaster cancels political debate in run-up to electionslast_img read more

Broadcaster banned again from working as journalist

first_img Honduran opposition broadcaster Julio Ernesto Alvarado is again subject to a 16-month ban on working as a journalist. After originally taking effect in February as part of a sentence for a criminal defamation, the ban was suspended in April but an appeal court reimposed it on 24 September.It stems from a case by Belinda Flores, the former economics faculty dean at the Autonomous University of Honduras, who accused Alvarado, a programme host with Radio and TV Globo, of defaming her because he reported the charges that the supreme court had brought against her.A lower court imposed the 16th-month ban on working as a journalist in December 2013 at the same time as it sentenced Alvarado to 16 months in prison. The court of cassation upheld both sentences in February.The jail term was commuted to a fine in March and then the ban on working was lifted by a Tegucigalpa court (the Juzgado de Ejecución Sección Judicial) on 3 April.“We regard the decision to reimpose the ban on Alvarado as unacceptable and we call for this entire criminal defamation conviction to be overturned,” said Reporters Without Borders deputy programme director Virginie Dangles.“Banning someone from working as a journalist is tantamount to censorship. The Honduran justice system should defend freedom of information and should ensure that the country’s defamation laws are not turned into a tool for silencing opposition journalists.”The case is one of many acts of intimidation against Alvarado, who reported being followed by suspicious vehicles when he left his home on 26 and 27 September. He suspended his Radio Globo programme “Medianoche” in 2013 after getting constant threats for more than a year. The target of disturbing surveillance measures since 2012, he is a frequent critic of the Honduran government and armed forces.Reporters Without Borders recently accused the government of clearly trying to gag critical media .The Radio and TV Globo group has been one of the most popular opposition news organizations since the 2009 coup. Its CEO, David Romero Ellner, was himself charged with criminal defamation in August and is facing a possible 15-year jail sentence.Ranked 129th out of 180 countries in the 2014 Reporters Without Borders press freedom index, Honduras has seen a sharp increase in recent years in threats, attacks and murders targeting journalists, and is currently the western hemisphere’s fourth deadliest country for media personnel. RSF_en News Organisation RSF begins research into mechanisms for protecting journalists in Latin America May 13, 2021 Find out more April 27, 2021 Find out more News Follow the news on Honduras RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” to go furthercenter_img October 1, 2014 – Updated on January 20, 2016 Broadcaster banned again from working as journalist HondurasAmericas Receive email alerts HondurasAmericas 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies News Reports Help by sharing this information December 28, 2020 Find out morelast_img read more

High infection rate among young people in Limerick

first_imgNewsHealthHigh infection rate among young people in LimerickBy David Raleigh – February 4, 2021 1770 Coronavirus | freepik.comYOUNGER people are coming down with Covid-19 in Limerick at a faster rate than most of the country, according to the Central Statistics Office (CSO).One in twenty Limerick people have contracted the virus with an average age of 37, the third lowest in the country. In Dublin, where the infection rate among young people was thought to be highest, the average age is 38.The average age of death from the virus in Limerick is higher at 83, highlighting the fact that while younger people are getting sick, the old and vulnerable are dying.Sign up for the weekly Limerick Post newsletter Sign Up The 37 age average is worked out by overall statistics, meaning that people much younger than that are being struck by the virus.The figure is lower than the national average and 9,120 people in Limerick have been infected which represents five per cent of the population of the city and county.There have been 107 deaths in Limerick from the virus up to the last week in January.About half of the deaths have been in nursing homes among older people and people with underlying conditions but the statistics are now showing that a much younger generation is being infected.The new figures were issued as it was learned that the defence forces have been called in to help in nursing homes because of staff shortages.Meanwhile, the HSE has expressed concern over an increase in social gatherings in the Mid West, appealing to the public to avoid such behaviour during  “a critical period of the pandemic”.A growing number of social gatherings that have led to new infections and outbreaks have been identified in recent weeks involving the local student population, which included non-essential household visits and large social gatherings.One community outbreak of 38 cases “occurred as a result of transmission among student population through a variety of social contact settings.“One of the cases worked at a restaurant where transmission to two work colleagues occurred, causing a workplace outbreak. These two work colleagues spread the virus to family members within their households.A second “community outbreak of 61 cases occurred through transmission at social gatherings and household visits among the student population.“One of these cases worked at a hotel during a wedding, and transmission occurred among 16 wedding guests and work colleagues.“Two cases in this further outbreak spread the virus within their households. There was transmission from one home to their extended family. One student in the initial outbreak went on to infect a family member in their household.Dr Mai Mannix, Director of Public Health Mid-West, said the two outbreaks highlighted by the department “are just two of many incidents where social events led to very complex outbreaks ”.“December saw a significant number of social gatherings of all age groups, resulting in a concerning level of illness and death this month; we do not want to repeat that, as we are still managing and investigating outbreaks among our most vulnerable,” she said.“As testing for close contacts resumes, the priority is to bring infection numbers to a minimum in the community to allow us to respond effectively to those who need our help the most”.On Tuesday, January 19, there were 198 Covid-19 cases recorded in the Mid-West region and this had dropped to 60 by Monday, February 1.Dr Mannix said that despite a reduction in daily cases numbers “it only takes a small number of incidents to undo the hard work of the majority and it is important not to undo our efforts to date.”Public Health Medicine Specialist Dr Marie Casey, who works with third level institutions in the Mid-West region, said there was initial evidence of student clusters surfacing again in the region and she urged all students to follow public health guidelines.“We know it is a very trying time for students and we acknowledge the numerous sacrifices they have made. We also understand the urge to visit friends and classmates, but whether you are a student or not, household visits or gatherings should not be happening at this time,” she added. Print Previous articleO’Dwyer Safety Services (OSS) launch new websiteNext articlePrivacy issues could foil council efforts to tackle illegal dumping David Raleigh Email Linkedincenter_img WhatsApp Twitter Advertisement Facebooklast_img read more

Freddie Mac Perspectives Blog: G-Fees and CRT

first_imgHome / Daily Dose / Freddie Mac Perspectives Blog: G-Fees and CRT Sign up for DS News Daily Freddie Mac Perspectives Blog: G-Fees and CRT Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] in Daily Dose, Featured, News, Secondary Market Previous: 115th Congress: Fall Legislative Agenda Next: Cordray Skirts the Question Share Save Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Tagged with: Credit Risk Transfer Guarantee Fees Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Credit Risk Transfer Guarantee Fees 2017-09-05 Brianna Gilpin Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin September 5, 2017 1,024 Views In a Freddie Mac Perspectives blog, Kevin Palmer, SVP of Single-Family Credit Risk Transfer, explained how credit risk transfers (CRTs) and Guarantee fees (G-fees) have much more in common that one might think—one gives Freddie Mac significant insight into the other.Guarantee fees are a retained amount of payments received on mortgages sold to Freddie Mac by banks and other sellers. In return, Freddie guarantees payment of principal and interest on the pass-through securities that they issue to their customers, or Gold PCs.“The G-fee essentially covers the cost of providing the credit guarantee—both the non-credit costs, such as administrative costs, and credit costs, which are the expected costs plus the cost of unexpected losses,” Palmer said.Though the G-fee normally would be for costs Freddie Mac could incur if they retained all the credit risk related to loans in their mortgage securities, the last four years they have been transferring a significant portion to the private market through their Single-Family CRT program. What CRT does for G-fees is clarify to Freddie that the G-fees are in line with what the private market would charge for the mortgage credit risk they take.To calculate the G-fee, Freddie analyzes the cost of the past years Structured Agency Credit Risk (STACR) transactions and determines the market-implied G-fee for the lower range of what the private sector would be willing to pay to operate a credit guarantee business like Freddie Mac’s. You can see a more detailed view of that calculation below.According to Palmer, “CRT is not only shifting risk away from taxpayers and creating new asset classes for investors, it is a key benchmark for policy discussions by providing information about what the private capital markets would charge for absorbing the credit risk generated by the credit guarantee business of a GSE.” Subscribelast_img read more

Strength in Housing Causes Decline in Financial Stress

first_imgHome / Daily Dose / Strength in Housing Causes Decline in Financial Stress The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago With consumers facing low financial stress and a recession unlikely in the near future, the industry should see continued strength in homebuilding and low foreclosure activity for the first part of this year, according to the Q4 2019 LegalShield Law Index. However, the index does not offer much optimism in the way of existing home sales. Consumer financial stress reached an all-time survey low, according to LegalShield, which has been providing data for more than 15 years. The Financial Stress Index fell 5.1 points to 68.9 during Q4 2019. LegalShield pointed to the “robust labor market,” and “lowest unemployment levels in decades” as sources of confidence for consumers and said, “Overall, consumers should remain on solid footing in the beginning of 2020.” The unemployment rate reported by the Bureau of Labor Statistics for the month of November was 3.5%, on par with the rate reported a year earlier. Homebuilding activity declined in Q4 2019 but is still strong, prompting LegalShield to predict a strong first half of 2020 in housing. The organization’s Housing Activity Index dropped 5.8 points to 111.0, which is 1% higher than the same quarter a year earlier. Similarly, homebuilder confidence, as tracked by the National Association of Builders and Wells Fargo, fell in the most recent reading but remains high. In fact, in the last two months the index posted the highest readings on record since July 1999. There’s optimism around foreclosures too. LegalShield’s Foreclosure Index dropped 1.4 points to 47.9 following a 35-year low for foreclosure starts in Q3 2019. The foreclosure start rate in Q3 2019 was a meager 0.21%, according to LegalShield. ATTOM Data Solutions reported the foreclosure rate for the year in 2019 was 0.36%. “Although housing affordability remains an issue in some parts of the housing market, consumers continue to demonstrate excellent home-loan payment behavior,” LegalShield reported. The optimism, however, did not persevere in the existing home sales front. Scott Grissom, SVP and Chief Product Officer at LegalShield, said, “However, LegalShield’s data, in combination with market conditions, show that existing home sales (including starter homes) have been especially sluggish, reflecting both low levels of supply and elevated home prices as reasons for not entering the market.”The LegalShield Real Estate Index fell to its lowest level in five years in Q4 2019. The index declined 7 points to 95.9 in the quarter. Meanwhile, the National Association of Realtors reported Wednesday existing home sales rose 3.6% in December after taking a dip in November. Existing home sales rose 10.8% over the year in December. As the December data was released after LegalShield released its report, LegalShield pointed to November’s dip as further evidence that “a significant improvement in existing home sales is unlikely in the coming months.” In another positive sign for consumers, the LegalShield Bankruptcy Index remained near historically low levels, although it did increase just slightly to 48.1 in Q4 2019. LegalShield predicts consumer confidence will continue its strength and we will not encounter a recession this year.  Subscribe Share Save About Author: Krista F. Brock Finances 2020-01-22 Mike Albanese Tagged with: Finances Strength in Housing Causes Decline in Financial Stress Data Provider Black Knight to Acquire Top of Mind 2 days ago January 22, 2020 1,071 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and, MReport and She holds degrees in journalism and art from the University of Georgia. Previous: Housing’s Great Recession Recovery: Strength in the West Next: Residential Mortgages Get Special Treatment With Bankruptcy Provisions The Best Markets For Residential Property Investors 2 days agolast_img read more