MGM eyes Pennsylvania as casinos boost Q3 results

first_imgCasino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Legal & compliance Tech & innovation Poker Table games 31st October 2018 | By contenteditor Operator seeks online licence without a land-based presence in the state Subscribe to the iGaming newsletter Regions: US Pennsylvania Tags: Card Rooms and Poker Online Gambling MGM Resorts has reportedly applied for an online gaming licence in Pennsylvania despite not having a land-based presence in the state after the operator’s casino business helped the company to post better-than-expected results in the third quarter.Consolidated net revenue climbed 7% year-on-year to $3bn (£2.4bn/€2.6bn) in the three months through to September 30. However, domestic net revenue from MGM Resorts properties in the US fell 2% to $2.2bn, while operating income from the business also dropped from $545m last year to $435m.According to Online Poker Report, MGM filed a submission ahead of the today’s (Wednesday’s) deadline for out-of-state online gaming licence applications in Pennsylvania and is ready to stump up the required $12m fee.Pennsylvania has awarded a series of online gaming licences, but is still yet to hand out four online poker licences, three online slot licence and three online table games licences. MGM is believed to be keen on acquiring one of each of the licences.Those operators that missed out in the initial licensing process will have the chance to win a licence in a lottery-style draw.Reflecting on MGM’s trading update, chairman and chief executive Jim Mirren said that the company had performed well despite “tough” year-on-year comparisons.“Our third-quarter operating performance exceeded our expectations despite the tough year-on-year comparison, resulting from robust casino business and an exceptionally strong event calendar last year,” he said.“During the quarter, we successfully opened MGM Springfield, which has been well received by our customers. Earlier this month, we also officially opened the NoMad Hotel at Park MGM, which will help expand our customer reach.“We remain highly focused on our strategic priorities, including maximising the performance of our portfolio of premier properties, driving growth in free cash flow and delivering on our capital allocation strategy.”During the three-month period, MGM struck a series of major deals as part of its push for growth in the expanding legal sports betting market across the US.In July, MGM linked up with Ladbrokes owner GVC in a move they said will help to “dominate” the market, while MGM also entered into a partnership with Boyd Gaming that would see the two casino operators share market access across 15 states.MGM soon followed this up by becoming the official partner of NBA basketball in a first-of-its-kind deal for major league US sport and announced a similar deal with ice hockey’s NHL earlier this week.In addition, shortly before the end of the quarter, MGM took over the operation of Hard Rock Rocksino, the largest casino resort in Ohio. However, the state is yet to legalise sports betting, so activity will be casino-based for the time being.Murren added: “Looking further out, our growth will be driven by the continued ramp of our newly-opened properties along with our disciplined approach to improve our margins throughout our resort portfolio.“We also are executing on additional targeted growth opportunities in key areas including sports betting and Japan’s upcoming Integrated Resort market.”Image: IIP Photo Archive MGM eyes Pennsylvania as casinos boost Q3 results Email Addresslast_img read more

British American Tobacco Zimbabwe Limited (BAT) 2012 Circular

first_imgBritish American Tobacco Zimbabwe Limited (BAT.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2012 circular For more information about British American Tobacco Zimbabwe Limited (BAT.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Zimbabwe Limited (BAT.zw) company page on AfricanFinancials.Document: British American Tobacco Zimbabwe Limited (BAT.zw)  2012 circular Company ProfileBritish American Tobacco (BAT) Zimbabwe Holdings Limited manufactures, distributes and sells tobacco products for local consumption through a network of independent retailers and distributors. Zimbabwe is the 6th largest tobacco grower in the world and the largest in Africa. Three types of tobacco are grown in the country; Virginia flue-cured, burley and oriental tobacco. Over 95% of Zimbabwe’s tobacco is flue-cured; and more than half of its production is exported to China. The company has recently adopted a mutually-beneficial contract system which is reaping rich rewards; the entire crop is bought from the farmer at the end of the season in return for a supply of seed and fertilizer, and expert training by an agronomist on agricultural techniques. Its head office is in Harare, Zimbabwe. British American Tobacco is listed on the Zimbabwe Stock Exchangelast_img read more

Stanbic IBTC Bank (IBTC.ng) 2015 Abridged Report

first_imgStanbic IBTC Bank (IBTC.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2015 abridged results.For more information about Stanbic IBTC Bank (IBTC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic IBTC Bank (IBTC.ng) company page on AfricanFinancials.Document: Stanbic IBTC Bank (IBTC.ng)  2015 abridged results.Company ProfileStanbic IBTC Plc is a financial services company in Nigeria offering banking products and services for the retail, corporate, investment and wealth management sectors. The Personal and Corporate Banking division provides a full-service offering ranging from transactional accounts to residential accommodation loans, vehicle and equipment finance and instalment finance. The Corporate and Investment Banking division offers products and services for foreign exchange, fixed income and equity trading as well as transactional banking, corporate and property lending and custodial and trade finance services. The Wealth Management division provides services for investment management, pension management, portfolio management, unit trust/fund management and trusteeship services. Stanbic IBTC Holdings Plc undertakes venture capital projects and private equity investments; acts as an executor and trustee of wills and trusts; and provides agency, insurance brokerage and stockbroking services. Founded in 1989, Stanbic IBTC Holdings Plc is a subsidiary of Stanbic Africa Holdings Limited. Its company head office is in Lagos, Nigeria. Stanbic IBTC Plc is listed on the Nigerian Stock Exchangelast_img read more

How I’d invest like Warren Buffett to get rich and retire early

first_img Image source: The Motley Fool 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. See all posts by G A Chester “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. How I’d invest like Warren Buffett to get rich and retire early G A Chester has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Berkshire Hathaway (B shares) and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares), short January 2021 $200 puts on Berkshire Hathaway (B shares), and short September 2020 $200 calls on Berkshire Hathaway (B shares). Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Warren Buffett is 90 today. He got rich decades ago, and could have retired early. Instead, he remains as passionate as ever about finding businesses for his Berkshire Hathaway group to invest in or acquire.Nevertheless, if I wanted to get rich and retire early, I’d still invest like Buffett. No one’s yet come up with a set of financial metrics to explain all his past investments and predict his future ones. But I reckon the key to his success is really quite simple.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…Warren Buffett doing the businessBuffett’s advice to his Berkshire Hathaway shareholders reflects his own approach to investing: “Visualize yourself as a part-owner of a business that you expect to stay with indefinitely, much as you might if you owned a farm or apartment house in partnership with members of your family.”When investing in a company, Buffett is first and foremost interested in the business itself. More specifically, how it works, and its prospects for making a good economic return over a long-term horizon.Two important things flow from this. First, you have to understand the business. As Buffett has said: “You only have to be able to evaluate companies within your circle of competence.”Second, as you’re expecting to remain a part-owner of the business indefinitely, he reckons the key is “determining the competitive advantage of any given company and, above all, the durability of that advantage.”Wide moats ruleBuffett often refers to a company’s competitive advantage as its moat. He sees a wide moat as “the primary criterion of a great business.” Powerful brands, valuable intellectual property, advantageous geographical location, or sheer size (economies of scale) are some of the things that can help produce a wide moat.Such is the importance of this to Buffett that he’s said: “We tell our managers we want the moat widened every year. That doesn’t necessarily mean the profit will be more this year than it was last year because it won’t be sometimes. However, if the moat is widened every year, the business will do very well.”Warren Buffett in a nutshellI’d invest like Buffet to get rich and retire early by identifying my circle of competence, and seeking out great businesses with durable moats within it.Buffett has put his approach in a nutshell: “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten, and twenty years from now.”Okay, but what about the “purchase, at a rational price” bit?Many happy returns Mr BuffettOver decades, due to market sentiment, there will be times when a company’s shares are on the expensive side, times when they’re at a rational (fair) price, and times when they’re on the cheap side.If you’re regularly buying shares and reinvesting your dividends through your working life, as most investors do, I don’t think you need to sweat too much about the price you’re paying at any one time. This is because there’s every chance your multiple purchases over the years will average out at a rational price.So there you have it. Circle of competence. Wide moats. Rational prices. Many happy returns (pun intended!) Mr Buffett. G A Chester | Sunday, 30th August, 2020 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

Dona – public demonstration

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement Tagged with: Humour Technology Howard Lake | 6 May 2011 | News  137 total views,  1 views today  138 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. Fundraising robot in South Korea, developed bywww.thisisminsu.comand fundraising for Save the Children.Featured on UK Fundraising atwww.fundraising.co.uk/news/2011/05/06/robot-street-fundraiser-collects-save-children Dona – public demonstrationlast_img read more

9 kinds of fundraising activity on Black Friday

first_img3. Christmas is comingSt Margaret’s Hospice is using a Black Friday discount code to sell even more Christmas cards.Get 25% off our fantastic Christmas cards & other products online when you use code BLACKFRIDAY for today only: https://t.co/DGHaDRpoYy pic.twitter.com/GTg5ZrzhLs— St Margaret’s Hospice Care (@st_marg) November 25, 2016 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. Doing good “can be as easy as saving that crisp new £5 note on Black Friday & donating to charity on #GivingTuesday” https://t.co/X42eyS4sjw— Turner PR (@TurnerPR_UK) November 15, 2016 although of course all #socent s do likewise (and more) every day of the year #buysocial— Nick Temple (@nicktemple1) November 25, 2016 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 https://twitter.com/CharityBank/status/801797781966950401 On this ‘black Friday’ check out the online charity shops. I’ve been finding some cracking gifts. We don’t need new shit….get creative!???— Charlotte Church (@charlottechurch) November 25, 2016 5. Low cost membershipSometimes you don’t need to offer a price reduction when you are confident of the value of your offer. In this vein Civic Voice has promoted its £10 a year individual membership fee as “one of the biggest bargains” you’ll see on Black Friday. 4. #Thanks4givingLast year Fat Face declared it would not join in the sales frenzy of Black Monday but donate to charities instead. It is doing so again.Forget #BlackFriday, it’s Feel Good Friday here!Instead of discounting we’re donating to charities… Learn more: https://t.co/4XVSpMc6qW pic.twitter.com/7soDnTZXMI— FatFace (@FatFace) November 25, 2016It has just followed up with a thank you of its own on Black Friday:As a little treat to say THANKS for your support of #thanksforgiving, get FREE UK delivery all weekend ? https://t.co/oKDNBGd9Za pic.twitter.com/kN0jMxB93W— FatFace (@FatFace) November 25, 2016Others are taking a similar approach, including Patagonia which is donating to environmental organisations:Black Friday alternatives in fashion as retailers give profits to charity. Read @guardian: https://t.co/zgJDw7zC9j pic.twitter.com/JL4ZbluOqT— Patagonia (@patagonia) November 25, 2016 https://twitter.com/nebrinkley/status/802121151547867137 A huge thank you to all at @pieminister, and their many stores nationwide, who’ve been donating money to Shelter today with #BlackPieday pic.twitter.com/fGTO8TcnC9— Shelter (@Shelter) November 25, 2016 Just read a tweet suggesting giving £5 to charity instead of wasting money on Black Friday. 1st charity to reply to this tweet gets my fiver— Simon Fisher (@AbsoluteTorbay) November 25, 2016  148 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 9. #LackFridayDid we mention that there are plenty of opportunities for puns on ‘Black Friday’?World Jewish Relief turned the day into #LackFriday, the campaign featured “photos of the people we support and boast a special offer deal of just £5 to help provide warm clothes, warm meals, warm homes or warm hearts through our befriending and homecare support services”.Alena visits Frima everyday so she no longer feels alone. No-one should lack warm friendship. #LackFriday #blackfriday pic.twitter.com/X2J8RZJxEg— World Jewish Relief (@WJRelief) November 25, 2016 7. Companies doing the right thingCharities don’t always have to ask their corporate friends to support them: plenty of them will eschew Black Friday’s discounting and turn it into a giving opportunity.An alternative to the usual #BlackFriday – shop from the comfort of your own home whilst supporting @ChompBrighton! https://t.co/IXksYo4HMj pic.twitter.com/SWPFEICZTg— What You Sow (@whatyousow) November 25, 2016 More on Black Friday, fundraising and givingForget Black Friday. This charity site will help you start a ‘giving revolution.’ https://t.co/CrbH9JH5A2 pic.twitter.com/i8o5kdupPB— Mashable (@mashable) November 25, 2016 Have we missed your Black Friday fundraising campaign or promotion? Let us know in the comments below.We covered Black Friday fundraising by retailers last year too. — The Big Give (@BigGive) November 25, 20162. Black Pie DayThere are puns galore going free today on Black Friday. Here is one campaign benefiting Shelter.Hurry! It’s our BIG PIE GIVEAWAY this morning raising funds for @Shelter #blackfriday https://t.co/GgJw6KWq8n pic.twitter.com/1xQ1Urh07P— Pieminister (@pieminister) November 25, 2016  147 total views,  1 views today Tagged with: Black Friday corporate Giving Tuesday 6. Different day, same askOf course, there’s nothing stopping you from fundraising on Black Friday. Here is Breakfast in a Bag and its efforts to provide breakfast to people who are homeless in London. No price reduction of course: just a request for support.https://twitter.com/breakfastinabag/status/802049952532824064 Although Giving Tuesday is the international response from charities and causes to the commercial focus of today’s Black Friday, that doesn’t stop charities fundraising and organisations giving today.Here are a few examples of fundraising campaigns on Black Friday together with campaigns using the day to promote their future fundraising campaigns.1. The Big Give Christmas ChallengeThe UK’s largest matched giving campaign for charities takes place on Giving Tuesday this year, 29 November.Today’s #BlackFriday but save some cash for a #GivingTuesday donation on https://t.co/CCGDGSQXZQ & DOUBLE YOUR MONEY! #ChristmasChallenge16 pic.twitter.com/fneVZEDOdl Advertisement Instead of buying a load of crap we don’t want on #blackfriday, I’ve got a better idea. How about we all donate £5 to a charity instead?— AngryBritain.com (@AngryBritain) November 25, 2016 We won’t be doing Black Friday tomorrow, we’ll give 10% of profits to @Arianas_Hope, local charity close to my heart instead @FargoVillage— Big Comfy Bookshop (@bigcomfybooks) November 24, 2016 Howard Lake | 25 November 2016 | News 8. Orange is the new blackWho said it had to be Black Friday? Prostate Cancer UK are encouraging us to look ahead to a week’s time and Orange Friday:[youtube]https://www.youtube.com/watch?v=4szaS0btu9Q[/youtube] 9 kinds of fundraising activity on Black Fridaylast_img read more

COVID-19 strike wave enters third month

first_imgWorkers at 50 locations across Florida struck McDonald’s, Starbucks and other fast-food restaurants on May 6. What united them was the failure of these multibillion-dollar enterprises to correct hazardous working conditions that put workers at risk of contracting COVID-19. Some of these McDonald’s workers are also part of a statewide class action lawsuit over widespread sexual harassment.Striking New Orleans sanitation workers. Credit: New Orleans Hospitality Workers AllianceStarbucks and McDonald’s both made billions in profits last year by paying low wages; yet they refuse to spend the funds needed to keep workers safe. A Starbucks worker in Orlando described a company video showing how to make a mask from a coffee filter. At a McDonald’s in the same, tourism-dependent city, workers were told to not wear masks at all, as they would frighten customers. (Orlando Sentinel, May 6)These workers, who risked being disciplined or even fired for striking, are not isolated. All over the country, multibillion-dollar companies are subjecting employees to unsafe conditions, prompting roughly 200 walkouts, sick-outs, sit-ins and job site demonstrations in the past two months. In addition to the strikes, online campaigns — such as the petition signed by over 1,500 autoworkers demanding all workers be tested before their plants reopen — are protesting bosses’ profits-before-people stance.This incredible wave of resistance has drawn in diverse sectors of the working class, including the public sector, retail, manufacturing, meatpacking, health care, construction, mass transit, trucking and education.Since the coordinated May Day walkout of Amazon, Target, WalMart and Whole Foods workers, highlights include an at-home sick-out May 6-8 by New York University graduate student-workers; a strike in a Naches, Wash., fruit packing warehouse May 7; and truckers in a number of cities staging slowdowns May 2. Issues include falling incomes as well as unsafe working conditions.On May 5, trash collectors known as “hoppers” went on strike in New Orleans to demand protective gear, safe conditions, higher pay and hazard pay for working during the pandemic. They currently work for a private temporary agency PeopleReady, and only make $10.25 an hour.PeopleReady fired the strikers on May 6 and replaced them with prisoners on work release, employed by Metro Services, who earn 13 percent of the hoppers’ wages. The prisoners face being locked up full-time again and exposed to a higher risk of contracting COVID-19 if they complain about conditions.The strike continues, with the added demand to rehire the fired hoppers.Death toll rises, so does consciousnessThe death toll among “essential” workers — a large number of them workers of color — continues to rise.The capitalists and their friends in the White House and in statehouses are unmoved. Governors are pushing, some more quickly than others, to “reopen the economy.” Workers who are recalled from layoff but do not go back to work – because they fear for their health – can lose unemployment benefits. That’s if they were lucky enough to get through the red tape at overburdened state systems and start collecting benefits in the first place.President Trump, who opted against invoking the Defense Production Act to force manufacturing companies to produce masks and ventilators, is instead using the act to force meatpacking and poultry processing workers back into deadly plants.Workers are fighting back, as exemplified by the strike over safety at the House of Raeford poultry plant in West Columbia, S.C., where the company has already fired 12 workers for striking.The president is also using the pandemic crisis to engage in union busting via his appointees to the National Labor Relations Board. The board has delayed union representation elections sought by nurses in North Carolina and Colorado, citing virus safety concerns. The delays were requested by the country’s largest hospital corporation, HCA Healthcare, in Asheville, N.C., and by Denver Health in Denver, Colo., giving them more time to propagandize and intimidate workers into rejecting the union.Nevertheless, union organizing is gaining momentum because of the life-threatening conditions workers are being subjected to in a range of occupations.The pandemic crisis has wrecked any illusions that the capitalist system can be reformed.The ruling class, which always puts profits before people and the environment, is the enemy of all workers. Now, not only union consciousness but revolutionary consciousness is on the upswing.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Is there no end to Olympic Committee’s infatuation with China ?

first_img April 27, 2021 Find out more July 31, 2015 – Updated on January 20, 2016 Is there no end to Olympic Committee’s infatuation with China ? News Organisation News Help by sharing this information News to go further Follow the news on China June 2, 2021 Find out more Receive email alerts RSF_en News Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes After the 2008 Beijing Summer Olympics and the 2014 Sochi Winter Olympics, today’s announcement shows that the IOC continues to support regimes that openly flout human rights and freedom of information.Beijing will now be the world’s first city to host both a Summer and Winter Olympics although the Chinese authorities are pressing on with a major crackdown on journalists and bloggers. Reporters Without Borders is appalled that the IOC is so out of touch with the reality of the human rights situation in China.“The decision to award these games to China is a blank cheque for all the freedom of information predators, who will be able to carry on flouting the fundamental freedoms of their citizens without suffering any international consequences,” Reporters Without Borders secretary-general Christophe Deloire said.“The Olympic Games are supposed to transmit such universal values as respect for others and living in peace. By awarding the games to Beijing, where freedom of information is being obliterated, the IOC is consigning these values to the trash.” One of they key arguments in the Chinese application was the pledge to put a great deal of effort into reducing Beijing’s air pollution. Reporters Without Borders regrets that the same effort will not be put into reducing the ubiquitous propaganda, releasing journalists and bloggers, and promoting media freedom.Beijing mayor Wang Anshun promised to hold “games that are joyful and harmonious, games that are safe and reliable.” This is very ironic, because “harmonization” is the term used in China to refer to the government’s censorship and news control.The 2008 Beijing Olympics were accompanied by a wave of arrests, convictions, censorship, surveillance and harassment of dozens of journalists, bloggers and dissidents.As China celebrates today’s announcement, the health of Gao Yu, a journalist detained since May 2014, continues to worsen and many other well-known journalists and human rights activists remain in prison.Those arrested last year include the cyber dissident Xu Zhiyong and the Uyghur blogger Ilham Tohti. This year, reporters and activists working for the news website 64Tianwang have joined the list of about 100 journalists and netizens currently detained in China.China is ranked 176th out of 180 countries in the 2015 Reporters Without Borders press freedom index. ChinaAsia – Pacific China: Political commentator sentenced to eight months in prison Reporters Without Borders is outraged by the International Olympic Committee’s choice of Beijing to host the 2022 Winter Olympics. China’s Cyber ​​Censorship Figures ChinaAsia – Pacific March 12, 2021 Find out morelast_img read more

Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction

first_img Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Book of Business Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Serious Delinquency Rate 2015-10-30 Brian Honea Previous: LRES Hires New Regional VP of Sales and Names New VP of Homeowner Association Services Next: Foreclosure Inventory Still More Than Double ‘Normal’ Level 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. Related Articles Tagged with: Book of Business Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Serious Delinquency Rate Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market Fannie Mae’s gross mortgage portfolio contracted at a compound annualized rate of 21.3 percent in September, marking the sixth consecutive month of contraction and the seventh in nine months in 2015, according to Fannie Mae’s September 2015 Monthly Volume Summary released Wednesday.Over the month, the value of the gross mortgage portfolio declined by more than $7.5 billion, from $377.9 billion in August down to $370.4 billion in September. The portfolio expanded in January and March of 2015 at rates of 3.5 percent and 7.8 percent, respectively, but has contracted in every other month this year. The minimum rate of contraction for one month in 2015 was 13.8 percent reached in June. Overall, the portfolio has contracted at an annualized rate of 13.6 percent for the first nine months of 2015.The gross mortgage portfolio has seen expansion in only three months out of the last 63 since June 2010 (March 2015, January 2015, and December 2012). At the beginning of that stretch in June 2010, the portfolio’s value was $818 billion. At the start of 2015, the portfolio’s value was $414.8 billion.Despite the contraction of the gross mortgage portfolio, Fannie Mae’s Book of Business expanded at a compound annualized rate of 0.9 percent in September, only the third time in nine months this year it has done so. The Book of Business has contracted at an average compound annualized rate of 0.9 percent for the first nine months of 2015. At the end of September, the Book of Business was valued at $3.103 trillion after the expansion. The total value of Fannie Mae’s mortgage-backed securities and other guarantees for September was $2.818 trillion, an increase from August’s total of $2.811 trillion.The serious delinquency rate on single-family mortgage loans backed by Fannie Mae is still well below its pre-crisis levels after declining by three basis points in September  down to 1.59 percent. The serious delinquency rate on Fannie Mae-backed single-family mortgage loans has declined every quarter since Q1 2010. At 1.59 percent, it is less than half of the national average of 3.5 percent reported by CoreLogic for August.The number of loan modifications completed by Fannie Mae was down slightly, from 7,245 in August down to 7,064 in September. Year-to-date as of the end of September, Fannie Mae has completed 75,113 loan mods, an average of 8,345 per month. Fannie Mae completed an average of 10,235 loan mods per month for the full year of 2014. Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 30, 2015 1,088 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Still on the mind, 60 years later

first_imgLatest Stories Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Print Article Still on the mind, 60 years later Book Nook to reopen Pike County Sheriff’s Office offering community child ID kits “For a person to leave an impression on someone for 60 years is truly amazing,” Turner said.“It was an honor for us to assist Mr. Whitrock in locating Mr. Langston’s final resting place and be a part of the memorial event. Needless to say, it was an emotional moment.” Members of Brundidge VWF Post 7055 assisted in the location of the gravesite of a victim of the Korean War and participated in a memorial event honoring the war hero.The story began with a letter from a stranger.“A few months ago, I received a letter addressed to the Brundidge VFW from Mr. Clinton Whitrock of Decatur, Illinois,” said Freddie Turner, Post quartermaster. “He said that he met a soldier from Pike County, Lamar Langston, at Fort Benning, Georgia in 1950. They were in the same unit in Korea and Mr. Langston died there on March 30, 1951.” Email the author You Might Like Whatley comes strumming home If Ed Whatley had worked 40-something years for a pork producer, he might laughingly say that he is a “ham.”… read more Turner said Whitrock and Langston served together in the finance unit in Korea.“Mr. Whitrock had many fond memories of Lamar Langston,” Turner said. “They had become very good friends. One morning, Mr. Langston went on sick call. Two or three days later, someone told the unit that he had died. No one knew how.“But a few days later a team of doctors came in and inoculated everyone for smallpox. Mr. Langston had died of smallpox. He was the only person in the finance unit to lose their life during the three years the unit was in Korea.”Turner said he and the other members of VFW Post 70 decided that Lamar Langston had to be a great gentleman and friend to his follow soldiers.center_img Troy falls to No. 13 Clemson Plans underway for historic Pike County celebration Published 9:28 pm Thursday, April 14, 2011 The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Sponsored Content By The Penny Hoarder Next UpTurner began a search for Langston’s family and found his nephew, Wyman Langston.“I contacted Mr. Whitrock with the information but I didn’t know what he planned to do with it,” Turner said. “He told me that he would be coming thorough Alabama in the spring and would like to visit the gravesite of Lamar Langston.”On April 7, Whitrock met with members of Brundidge VFW Post 7055. Together, they visited Bethel Cemetery near Banks. Wyman Langston met them at the burial site of his uncle. By Jaine Treadwell Remember America’s heroes on Memorial Daylast_img read more