CIC Insurance Group (CIC.ke) listed on the Nairobi Securities Exchange under the Insurance sector has released it’s 2013 annual report.For more information about CIC Insurance Group (CIC.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the CIC Insurance Group (CIC.ke) company page on AfricanFinancials.Document: CIC Insurance Group (CIC.ke) 2013 annual report.Company ProfileCIC Insurance Group is a leading insurance company offering products and services for general and life insurance through operations in Kenya, Sudan and Uganda. The company also provides solutions for fund and asset management and private equity investment. Its product offering covers needs relating to motor, marine, agriculture, personal accident, school products, customised products, travel, domestic package, property, theft, fire and consequential loss and sports injury insurance. Its life assurance division covers areas ranging from group life and keyman plans to family protection, loan guard insurance, pension, board member and universal endowment plans. CIC Insurance Group has expertise in corporate, family, health and asset management as well as equity, balanced, fixed income and money market fun management. The company invests in equity and government securities, properties and loans and serves retail and corporate entities. Founded in 1968 and formerly known as The Co-Operative Insurance Company of Kenya, the company changed its name to CIC Insurance Group in 2010. Its head office is in Nairobi, Kenya. CIC Insurance Group is listed on the Nairobi Securities Exchange
The Co-operative Bank of Kenya Limited (COOP.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2014 annual report.For more information about The Co-operative Bank of Kenya Limited (COOP.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited (COOP.ke) company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (COOP.ke) 2014 annual report.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchange
Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! Harvey Jones | Tuesday, 2nd March, 2021 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. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. I’d consider investing my money in shares like these. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 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. I think the decision to extend the ISA allowance to £20,000 may have backfired by deterring some people from investing in UK shares, rather than encouraging them.The Stocks and Shares ISA allowance is now so big, friends tell me they won’t even come close to using the full amount, so don’t bother investing at all. They have concluded that investing in UK shares is only for the super wealthy, not for them. I think they’re wrong.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…I reckon that investing in top UK shares is one of the best ways of building wealth for my retirement. And I don’t need to invest £20,000 a year to take advantage of them. In fact, I would start with much, much less.I’d buy UK shares little and oftenYet my friends say the inflated ISA allowance has taken away their urgency. When it was £7,000 a year, they raced to use their allowance before they lost it for good at midnight on 5 April.They can’t get so worked up about it now. Why worry about missing out on this year’s £20,000 allowance when they will get another massive allowance on 6 April? The upshot is that some have become too relaxed.I’m not doing that, because I know investing is a long-term game and you have to stick at it to succeed. It’ll take me 35 or 40 years to build enough wealth to retire on, from rising UK share prices and compounding dividends.So I would ignore that £20,000 limit and start small by investing £50 a month instead. Drip-feeding money into UK shares every month has two big advantages. First, it smoothes over the ups and downs of stock market volatility, helping me sleep at night. Second, I actually benefit when stock markets fall, as my monthly contribution picks up more stock. Actually, there is a third advantage. After a while, I won’t even notice the money leaving my account, but will budget around it.I can’t use all of my ISA allowanceIf I invested £50 a month in UK shares and they rose at an average rate of 6% a year after charges, I would have £98,429 after 40 years. If I increased my monthly contribution by 3% each year, to keep up with rising pay and prices, I would have £148,902.My small monthly acorns will have grown into something substantial, even if it has taken me decades. I wouldn’t stop there. I would also throw in lump sums, too, whenever I had a bit of extra money to hand. And I’d review and increase the amount I invested monthly if I could afford to as well.What I wouldn’t do, is worry about using my full £20,000 ISA allowance. I can build a big enough nest egg for my retirement, by investing a fraction of that in UK shares. 5 Stocks For Trying To Build Wealth After 50 The £20K ISA allowance is too big for me! I’d start small, investing £50 a month in UK shares Enter Your Email Address See all posts by Harvey Jones
Priest-in-Charge Lebanon, OH The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Albany, NY Rector Belleville, IL Rector Hopkinsville, KY People Featured Events Missioner for Disaster Resilience Sacramento, CA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit a Press Release Bishop Diocesan Springfield, IL Featured Jobs & Calls The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Knoxville, TN Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit an Event Listing Curate Diocese of Nebraska Assistant/Associate Priest Scottsdale, AZ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector/Priest in Charge (PT) Lisbon, ME Tags Posted Jan 28, 2019 Rector Collierville, TN Submit a Job Listing Rector Shreveport, LA The Rev. Gregory Michael Howe, eighth Custodian of the Book of Common Prayer, died on Jan. 12, 2019, nine days after his 80th birthday, in Provincetown, Massachusetts.Howe’s interest in liturgy was honed in childhood, growing up at St. Ignatius of Antioch in New York City, then as a boy chorister at the Cathedral of St. John the Divine. After his graduation from Columbia and General Theological Seminary, he was ordained a deacon in 1964, and priest in 1965. He served at Christ Church, Dover, Delaware, first as a curate, then as rector, from 1964 to 1998. During a sabbatical in 1980, he pursued post-graduate work at the Pontifical University of San Anselmo in Rome and then at Saint George’s College in Jerusalem. A longtime deputy to General Convention (1975-1997), he served on the Committee on Prayer Book and Liturgy, and helped craft many new rites and see them through the legislative process, especially “expansive language.” In 2000, then Presiding Bishop Frank Griswold appointed him Custodian of the Book of Common Prayer, a position he held until 2015. His encyclopedic knowledge of BCP history proved an invaluable resource for both Church Publishing and the Standing Commission on Liturgy and Music. During his tenure, he oversaw authorized translations of the 1979 BCP in various languages. Together with the Rev. Dr. Ruth Meyers, Phoebe Pettingell, and the Rev. Jennifer Phillips, he contributed to Gleanings: Essays on Expansive Language with Prayers for Various Occasions ) (Church Publishing, 2001).Howe and his wife of 50 years, Bernice (Bunny), retired to Provincetown, Massachusetts, in 1998 where, until his death,Howe remained a vital part of the community, and of the Episcopal Parish of St. Mary of the Harbor. Cathedral Dean Boise, ID Rector Bath, NC Director of Music Morristown, NJ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis New Berrigan Book With Episcopal Roots Cascade Books Rector Washington, DC Family Ministry Coordinator Baton Rouge, LA Director of Administration & Finance Atlanta, GA Rector Martinsville, VA RIP: Gregory Michael Howe, eighth custodian of the Book of Common Prayer In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector and Chaplain Eugene, OR Rector Smithfield, NC Priest Associate or Director of Adult Ministries Greenville, SC Associate Rector for Family Ministries Anchorage, AK Associate Priest for Pastoral Care New York, NY Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Press Release Service Assistant/Associate Rector Morristown, NJ Youth Minister Lorton, VA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Assistant/Associate Rector Washington, DC Course Director Jerusalem, Israel Curate (Associate & Priest-in-Charge) Traverse City, MI Obituary, Associate Rector Columbus, GA Rector Tampa, FL Rector Pittsburgh, PA Rector (FT or PT) Indian River, MI TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Canon for Family Ministry Jackson, MS
Projects Save this picture!© Luis Díaz Díaz+ 41Curated by Clara Ott Share Manufacturers: AutoDesk, Huguet, VitrA, Isla architects, Ricardo Perelli, Robert McNeel & Associates CopyHouses, Renovation, House Interiors•Santa María del Camino, Spain Architects: Isla Architects Area Area of this architecture project ArchDaily Ca’n Rei Townhouse / Isla Architects Spain “COPY” Photographs: Luis Díaz Díaz Manufacturers Brands with products used in this architecture project 2017 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/957799/can-rei-townhouse-isla-architects Clipboard City:Santa María del CaminoCountry:SpainMore SpecsLess SpecsSave this picture!© Luis Díaz DíazRecommended ProductsOffice FurnitureBruagRoom Acoustics Solutions – Dividers for OfficesOffice FurnitureB&B ItaliaFurnishing Paul Hastings OfficesWoodGustafsWood Veneered Wall & Ceiling PanelsDoorsECLISSESliding Pocket Door – ECLISSE LuceText description provided by the architects. Isla Architects has completed the renovation of an old Mallorcan townhouse in Banyalbufar – a coastal village nestled within the mountain range of the Serra de Tramuntana – that involved restoring the main structure, roof and facade, as well as rearranging the interiors. The main strategy consisted of removing all non-original elements added over the years in order to enhance the character of the house, from floors to furniture. Once cleaned, new contemporary elements were introduced. This balance between new and old, sleek and rustic brings a new life to Can Rei, allowing us to understand traditional architecture through a contemporary lens.Save this picture!© Luis Díaz DíazKitchen. The kitchen is concealed within the walls in order to enhance the purity of the vaulted ceiling room. This allows for added flexibility in the space. Existing niches were enlarged to accommodate appliances such as a fridge, oven and washing machine, and all necessary storage for tableware, kitchen utensils, food, and cleaning supplies.Save this picture!© Luis Díaz DíazThe stove was placed below the window, offering the experience of cooking with views over the Mediterranean Sea and connecting the kitchen to the exterior terrace space. The kitchen sink is made out of tinted concrete and is hand-hammered, to express its materiality, as a contemporary reinterpretation of a traditional Mallorcan stone sink. The tap is a simple, custom-made bent brass pipe. A bright red table – designed especially for the room- becomes the node of the concealed kitchen, allowing meals, work, or celebration to happen.Save this picture!© Luis Díaz DíazSave this picture!Ground Floor PlanSave this picture!© Luis Díaz DíazThe living. Space was cleaned to emphasize the original furniture of the house as well as the new additions. Non-original cement tiles were replaced by a “trispol” lime floor, recovering the house’s material essence while enhancing the connection between inside and outside. The vaulted ceiling was treated with quicklime in the traditional manner, achieving a smooth, pure and bright white surface. A pivoting light allows displacing the action from the kitchen to the living space.Save this picture!© Luis Díaz DíazSave this picture!Upper Floor PlanSave this picture!© Luis Díaz DíazSave this picture!© Luis Díaz DíazBathroom. Gaining height, purifying the geometry, and significantly enlarging the window create a more comfortable and brighter space. A smooth concrete surface for floors and walls replaced the non-original tiles and contrasts with the rustic, ancient stone wall uncovered during construction. Boiler and bathroom storage are hidden behind a secret door.Save this picture!© Luis Díaz DíazSave this picture!SectionSave this picture!© Luis Díaz DíazBedroom and library. A local, handmade terracotta floor replaced the non-original cement tiles, achieving a warmer, smoother feeling in the space. Windows were opened in the rear facade, allowing for cross-ventilation. Original Mallorcan beds were kept as core elements of the rooms. The height of this traditional furniture allows enjoying sea views.Save this picture!© Luis Díaz DíazExterior. Both the roof and rear facade were renovated following traditional construction techniques, and new windows were opened on the upper floor to allow for cross-ventilation. Following the Mallorcan medieval tradition of painting the underside of the roof tile canopy – “teules pintades” – artist Luis Urculo was invited to reinterpret this popular pictorial expression. The rust-color symbols are meant to bring good luck and keep away bad spirits from the inhabitants of the house.Save this picture!© Luis Díaz DíazProject gallerySee allShow lessDeadline Extended! Scholarships for African, LATAM & Asian students > IAAC – OTF-3D…Opportunitiesopen call: International Competition for the National Museum of Korean Literature, S…Built Projects & Masterplans Share Area: 138 m² Year Completion year of this architecture project Photographs Marta Colón de Carvajal, Juan Palencia Year: Lead Architects: Ca’n Rei Townhouse / Isla ArchitectsSave this projectSaveCa’n Rei Townhouse / Isla Architects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/957799/can-rei-townhouse-isla-architects Clipboard “COPY” Houses CopyAbout this officeIsla ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationInterior DesignResidential InteriorsHouse InteriorsOn FacebookSpainPublished on March 08, 2021Cite: “Ca’n Rei Townhouse / Isla Architects” [Ca’n Rei / Isla Architects] 08 Mar 2021. ArchDaily. Accessed 10 Jun 2021.
BuyOnceGiveTwice Holding Free Seminars to Introduce Charities to their Service Tagged with: BuyOnceGiveTwice Events AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 12 February 2008 | News A new and unique online auction site www.buyoncegivetwice.co.uk is holding seminars to introduce charities to their service. BuyOnceGiveTwice is urging charities to maximise their fundraising from auctions. The site helps organisations by simply recycling luxury auction lot ‘waste’ at no cost to the charity.At the end of this month they are staging four further seminars on February 27th at 11.15 and 2.30 at Decherts, 160 Queen Victoria Street, London EC4V 4QQ and on the 28th 11.15 and 2.30 at DDB, 12 Bishop’s Bridge Road, London W2 6AA. The seminars are 40 minutes long, and guarantee to open a new revenue stream for charities.Over 50 charities have been introduced to this unique and cost-free fundraising opportunity, 24 charities have signed up as founding charities including Breast Cancer Campaign, Action on Addiction, Get Connected, Starlight and Ovarian Cancer action. A further 27 charities have registered.For further details on the seminars please contact Emma Leschallas at [email protected] or call 01453 832440.– ends – For further press information and photography, please contact: Emma Walton, Walton Public Relations, 86 Roman Way, Bourton-on-the-Water, Cheltenham, Gloucestershire GL54 2HD. Tel: 01451 821800 Mobile: 07515 357842 Email: [email protected] www.buyoncegivetwice.co.ukNotes to editors:• BuyOnceGiveTwice is the brainchild of Mia Woodford and Emma Leschallas, who spotted the potential of wasted lots after raising £500,000 at a single auction at the Cura Ball.• BuyOnceGiveTwice uses the remaining 10% of the monies received from sales to cover the costs of running the site.• There is no cost to the charity to auction or re-auction lots.• The funds received by the charity from the auctions are unrestricted. 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. 21 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Whizz-Kidz launches its first schools fundraising pack Whizz-Kidz has launched a new Schools Fundraising pack, the first the charity has produced.Entitled “School Starz”, the packs are branded in the charity’s vibrant style and activity sheets and simple fundraising ideas. Whizz-Kidz is targeting school children via teachers, parent groups and young people’s organisations in order to raise more funds for their work supporting young wheelchair-users across the UK.www.whizz-kidz.org.uk Howard Lake | 13 May 2009 | News Tagged with: Community fundraising 17 total views, 1 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.
Free admission to Desmond Castle TAGSJudge Tom O’Donnelllimerick circuit courtNewcastle West WhatsApp Linkedin Facebook Previous article#highlight – The Frank & Walters play Limerick this weekendNext articleLimerick councillors go at it Staff Reporterhttp://www.limerickpost.ie Twitter NewsLimerick Judge warns against violence as three walk free over assaultBy Staff Reporter – October 6, 2016 1043 Email No privacy for dying in Newcastle West hospital Print Sign up for the weekly Limerick Post newsletter Sign Up THREE men walked free from Limerick Circuit Court on Wednesday after a judge said he wanted to send out a “strong message against violent acts and gratuitous assaults carried out by cowards and bully-boys”.Judge Tom O’Donnell made his remarks at the sentencing hearing of Cathal O’Brien (22), of The Cross, Ardagh; Shane Kelly (22), of Ballagh, Abbeyfeale and Deniss Permanickis (27) also of Ballagh, on charges of assault causing harm and violent disorder.The victim, James O’Donnell, was set upon by the three men after he spoke to Permanickis’ girlfriend at Club Mission in Newcastle West on July 12, 2014.The two had struck up a conversation about the girl’s plans to visit Australia when Permanickis and his friends became irate.James O’Donnell left the night club after he lost contact with his friends but was seen by his three attackers who kicked and beat him while he lay defenceless on the ground.In his victim impact statement, Mr O’Donnell said that he woke up in the back of an ambulance, beaten and bruised.He required hospitalisation for a broken jaw, a fractured cheek bone, broken teeth, cuts and bruising to his head and damage to a tear duct in his eye.The attack left serious psychological effects on the IT graduate who was unable to pursue a career in his field of study, had to give up sport, and was apprehensive when out on his own anywhere.Permanickis told Gardaí he thought Mr O’Donnell was trying to “chance” his girlfriend, despite O’Donnell saying said that he didn’t know they were together.At an earlier court hearing the three men, who all admitted their involvement to Gardaí, each offered €2,000 as “a sincere gesture of remorse”.Judge O’Donnell ordered that they add another €1,000 to the money already handed in to court.He said the attack was a “cowardly and vicious assault where the victim had no chance to defend himself. It was nothing more than bully-boy tactics.“I want to send out a strong message against violent acts and gratuitous assaults like this. This is unacceptable conduct”, Judge O’Donnell said.“However, given that the accused have no previous convictions and other mitigating factors, I will impose a three-year sentence on each of them for the assault, but suspend it for a period of three years”.He ordered that the €9,000 compensation be paid over to Mr O’Donnell immediately. Advertisement RELATED ARTICLESMORE FROM AUTHOR Newcastle West Gardaí move Limerick Clubs in Munster Junior Cup action live up to expectations County Football Final Day the Pinnacle of a Well Run Championship Music, sweet music, with MGLC | Newcastle West feature
Demand Propels Home Prices Upward 2 days ago Tagged with: Foreclosures housing market 2020 hurricanes Puerto Rico Foreclosures From Reverse Mortgages Surging in Puerto Rico Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago July 7, 2020 1,955 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Risks for Homeowners Outside FEMA Flood Zones Next: Real Estate, Rental Sector Received $15B in PPP Funds in Daily Dose, Featured, Foreclosure, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Foreclosures housing market 2020 hurricanes Puerto Rico 2020-07-07 Mike Albanese Share Save Home / Daily Dose / Foreclosures From Reverse Mortgages Surging in Puerto Rico Subscribe Foreclosures stemming from factors other than death are a byproduct of reverse mortgage loans in the United States territory of Puerto Rico, according to a report in Reverse Mortgage Daily. They’re taking place at a rate almost one-in-four between 2014 and 2018.An investigative report published in USA Today showed Puerto Rico’s struggles with natural disasters, plummeting homes prices, and scant comprehension of the territory’s unique tax exception, have further magnified the issue there.“An analysis by USA Today and the Centro de Periodismo Investigativo found waves of reverse mortgages headed to foreclosure in Puerto Rico for reasons other than death, the natural way the loans are supposed to end,” said the report. From 2014 to 2018, due to technical snafus, nearly one in four reverse mortgage loans faltered, according to the Government Accountability Office.Based on reports from the news outlet, the Puerto Rico Office for Financial Institutions reported that tax defaults and insurance or occupancy issues, rather than the end of life, culminated in reverse mortgage foreclosures. That’s approaching 15% nationwide, according to USA Today’s analysis. The outlet reported that nearly 4,300 reverse mortgage loans of the island’s full 10,800 loans through the end of last year were originated by Monet House Inc., the region’s top lender.In January, recent disasters such as an earthquake that month aside, Puerto Rico’s housing market rebounded. The seasonally adjusted purchase-only house price index on the island year-over-year as of Q3 2019 climbed 10.59% year-over-year as of Q3 2019. That said, there was a plummet of 2.66% in Q3 2019 in homes prices quarter over quarter.While demand in Puerto Rico continues to spike, too, the island’s housing market—because of economic problems as a result of recent disasters remains vulnerable. “I am concerned because Puerto Rico hasn’t yet fully recovered from Hurricane Maria, and many of the homes on the island are designed for hurricanes and floods – they’re basically built on stilts, which makes them very vulnerable to earthquakes,” said Leisha Delgado, Founder & CEO, Hello Solutions. Our experience from Maria tells us that there will be challenges coordinating assistance efforts, and communicating with people in parts of the island without power, so they may not know how to get aid, or know that help is on its way, she continued.Lending a hand to the island’s recovery efforts, $8.2 billion in aid to Puerto Rico was released by the U.S. Department of Housing and Urban Development.Money House originated 1,023 loans in the Caribbean region of the U.S. between fiscal years 2014 and 2018, according to HUD data, according to Reverse Mortgage Daily. Compared with other regions in the country, based on 2008 and 2009 federal loan data, higher service charges were associated with Money House loans, the report cited. A caveat, however, a Money House spokesperson told USA Today that as lenders and servicers “became more efficient,” those fees were stopped. 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. About Author: Chuck Green Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 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 ago Data Provider Black Knight to Acquire Top of Mind 2 days ago
FacebookTwitterLinkedInEmailOGDEN, Utah-Tuesday, Weber State appointed women’s soccer coach Tim Crompton as the interim athletic director to replace the departed Jerry Bovee who has joined Utah State’s athletic department.Crompton assumes this role after spending the past 15 years as the Wildcats’ women’s soccer head coach.In his stead, his former assistant coach, Meagan Thunell, will serve as Weber State’s head coach.Crompton was named as the Big Sky head coach of the year in 2018 as his Wildcats won the conference regular season title with a 7-1-1 record.Crompton had a 50-47-16 record in Big Sky regular season matches during his tenure.He has both bachelor’s and Master’s degrees from Weber State. Written by May 28, 2019 /Sports News – Local Weber State Names Tim Crompton As Interim Athletic Director Tags: Big Sky Conference/Meagan Thunell/Tim Crompton/Weber State Athletic Director Brad James