Glencore hires eight banks to handle its IPO

first_img KCS-content whatsapp Glencore hires eight banks to handle its IPO Sunday 27 February 2011 11:51 pm Show Comments ▼ Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp COMMODITIES giant Glencore has taken on five additional banks to help it prepare for its possible float, sources yesterday told City A.M. Swiss-based Glencore now has eight banks working on its IPO plan, which analysts have said will value the firm at up to $60bn (£37.3bn). While Glencore has not officially confirmed that it will float, the firm has arranged an analyst meeting in the City next week to convince observers of the company’s value, in a move typically seen as the start of an IPO process. Goldman Sachs and Bank of America Merrill Lynch are thought to be among the five new banks recently hired by Glencore, though neither commented yesterday. Glencore’s existing banks – Citigroup, Credit Suisse and Morgan Stanley – either declined to comment or did not answer calls yesterday. Glencore also refused to comment. Sources have previously said that Glencore is looking to raise up to £10bn in the London and Hong Kong markets, but a final decision on the float, its location or a target amount has not been announced. Meanwhile, it was yesterday said that sovereign wealth funds in Qatar and China were in talks with Glencore over a possible investment role in the float. The Qatar Investment Authority declined to comment, while the China Investment Corporation was not available. Glencore posted a turnover of $106.4bn last year. It has assets valued at $66.3bn and owns a third of FTSE 100 miner Xstrata.FAST FACTS | GLENCORE FLOAT● Swiss firm Glencore is currently wholly owned by management and employees● A float could be the biggest of 2011 if it goes ahead, allowing the firm to cash in on runaway demand for exposure to commodity prices Tags: NULLlast_img read more

Read More »

Madison Financial Services PLC 2008 Annual Report

first_imgMadison Financial Services PLC (MFIN.zm) listed on the Lusaka Securities Exchange under the Financial sector has released it’s 2008 annual report.For more information about Madison Financial Services PLC (MFIN.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Madison Financial Services PLC (MFIN.zm) company page on AfricanFinancials.Document: Madison Financial Services PLC (MFIN.zm)  2008 annual report.Company ProfileMadison Financial Services Plc is a financial services group in Zambia offering solutions for general insurance and life assurance products for personal and corporate clients in Zambia and Tanzania. The company operates in four segments: life assurance, non-life assurance, asset management and microfinance. Madison Financial Services offers a range of products; from life and term assurance to pension funds which include unitised, guaranteed, endowment and mortgage endowment options. Company subsidiaries offer a range of health insurance products, and personal, motor, household, commercial and business interruption insurance. Madison Financial Services also provides investment management services, as well as investment funds, unit trusts and brokering service. The microfinance division offers solutions for loans to small- and medium-sized companies and employees of public and private institutions. Madison Financial Services Plc was established in 1992 and is a subsidiary of Lawrence Sikutwa and Associates Limited. Madison Financial Services Plc is listed on the Lusaka Stock Exchangelast_img read more

Read More »

Ireland Blyth Limited (IBL.mu) Q32018 Interim Report

first_imgIreland Blyth Limited (IBL.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2018 interim results for the third quarter.For more information about Ireland Blyth Limited (IBL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Ireland Blyth Limited (IBL.mu) company page on AfricanFinancials.Document: Ireland Blyth Limited (IBL.mu)  2018 interim results for the third quarter.Company ProfileIreland Blyth Limited is a company based in Mauritius and operates as a subsidiary of Compagnie d’Investissement et de Développement Limitée, since its acquisition in 2016. The company has running activities in the sectors of commerce, engineering, financial services, logistics, aviation, shipping, retail, and seafood and marine where services in the distribution and marketing of products such as frozen foods, pharmaceuticals and wellness products, and medical equipment, as well as offers warehousing and logistics support services are provided. Ireland Blyth Limited also supplies industrial chemicals and equipment, as well as engages in crop protection, agriculture, and irrigation systems, the sale of construction and material handling equipment. The company also provides solutions for electrical installations, refrigeration equipment, power management systems, construction tools, abrasives, and building materials, as well as provides mechanical, electrical, plumbing, and fit out solutions. Ireland Blyth Limited is listed on the Stock Exchange of Mauritius.last_img read more

Read More »

Wrap House / Studio B Architects

first_imgPhotographs:  Raul Garcia, Derek SkalkoText description provided by the architects. Situated in the East End of Aspen, this small property, designed by Studio B Architects, is part of a Lot Split and was required to ‘respond’ to its immediate Historical Swiss-Style neighbor in its massing, proportions and materials.Save this picture!© Raul GarciaThe challenge was to pay homage to this ‘City of Aspen Historically Deemed’ neighboring house, while still creating an original concept that catered to a cleaner, modern gesture that fit the clients. The house is three levels with a floating stair linking them and also serves as a light shaft to the lower level with its open detailing and light.Save this picture!© Derek SkalkoSince the neighboring house is less than 15 feet away, as well as being surrounded by dense trees and other smaller structures; creating a sense of privacy and home while still allowing the spaces to be wide open to accept as much light and views as possible became a very important aspect of this design. One way that this was achieved was by maximizing deck space, but to have the solid railing dissipate and change in areas; so as to let the openness of the house breathe all the way through. Save this picture!© Raul GarciaThe public upper level is wrapped by a large walkway serving two decks and there is a spiral staircase from the rear deck that accesses the rooftop terrace.Save this picture!© Derek SkalkoProject gallerySee allShow lessUniversity of Pennsylvania School of Design 2011 Spring Lecture SeriesArticlesLas Torres De Cotillas Competition proposal / STL ArchitectsArticles Share Projects 2010 Wrap House / Studio B ArchitectsSave this projectSaveWrap House / Studio B Architects Wrap House / Studio B Architects Houses CopyAbout this officeStudio B ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAspenHousesUnited StatesPublished on March 07, 2011Cite: “Wrap House / Studio B Architects” 07 Mar 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogFaucetshansgroheKitchen MixersGlass3MGlass Finish – FASARA™ GeometricPartitionsSkyfoldVertically Folding Operable Walls – Classic™ SeriesPlumbingSanifloMacerator – Saniaccess®3WoodBruagAcoustic Panels with LEDMetallicsSculptformClick-on Battens in Ivanhoe ApartmentsSkylightsVELUX CommercialLonglight 5-30° – Modular SkylightsTiles / Mosaic / GresiteLove TilesPorcelain Tiles – SplashAluminium CompositesMetawellAluminum Panels for Interior DesignMetal PanelsRHEINZINKPanel Systems – Horizontal PanelEducationalLamitechChalk boardCarpetsCarpet ConceptCarpet – Eco IquMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/117211/kendrick-house-studio-b-architects Clipboard Year:  “COPY” Photographs United States CopyHouses•Aspen, United States Area:  3500 m² Year Completion year of this architecture project ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/117211/kendrick-house-studio-b-architects Clipboard Save this picture!© Raul Garcia+ 25 Share “COPY” Architects: Studio B Architects Area Area of this architecture projectlast_img read more

Read More »

Forma Itaim Tower / b720 Fermín Vázquez Arquitectos

first_img “COPY” Photographs:  Nelson Kon Manufacturers Brands with products used in this architecture project 2017 Manufacturers: Hunter DouglasStructure:Aluízio D’Ávila Engenharia de ProjetosFacilities:Green Solutions/Steluti Engenharia/Studio SerraduraConstructor:Corporate Participações e Serviços LtdaPromoter:Huma Desenvolvimento Imobiliário /GR Properties /ERCB720 Fermin Vazquez Arquitectos Team:Fermin Vazquez, Francesc de Fuentes, Sonia Cruz, Aline Foltran, Marc Pi, Albert Freixes, Gemma Ojea, David Sebastian, Miguel YurritaCity:Vila Nova ConceiçãoCountry:BrazilMore SpecsLess SpecsSave this picture!© Nelson KonRecommended ProductsFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsULMA Architectural SolutionsPaper Facade Panel in Leioa School RestorationPorcelain StonewareApariciPorcelain Tiles – BuildFiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaText description provided by the architects. The apartments tower is located in Itaim Bibi in São Paulo, a neighbourhood in a deep transformation, which is moving from the traditional fabric of horizontal single-family homes to a skyline of buildings in height, mainly homes that meet a growing residential demand for a prosperous upper middle class in the economic capital of the country.Save this picture!© Nelson KonThe building has 123 apartments and consists of a tower of 25 floors with a base of common areas (squash, indoor pool, restaurant, social room, etc.) and parking above ground. The tower, highly conditioned by the volumetric limitations imposed by the regulations and the strict requirements of functional optimization, hosts small houses with large individual terraces. The project seeks to maximize the slenderness of the volume and highlight, without stridency, in the monotonous sea of undifferentiated skyscrapers of São Paulo as a “singularity of good manners”.Save this picture!© Nelson KonThe floors are articulated in two parallel bays and a central communications core that includes two batteries of panoramic elevators. The main openings of the houses are oriented to north and south, with deep balconies to mitigate the intense Brazilian solar radiation, while the east and west facades, the most exposed in the climate of São Paulo, are solved with a predominance of opaque protected surface by a ventilated façade of large-format glazed ceramic pieces.Save this picture!© Nelson KonOn the balconies sides, the ceramic coating becomes lattices which preserves the houses privacy and frame the views from the inside. The combination of colours of the covering pieces seeks the chromatic individualization of each level, as well as the research of singularity that provides the differential qualitative value sought out by the client, who specifically wanted a colourful tower.Save this picture!© Nelson KonThe building thus becomes a slender tower in which, however, it is possible torecognize the different housing units by the colour and the framework that governs the construction. On the upper floors, the extension of the central core and larger apartments finish the building in a stepped way to merge with the urban profile and generate large terraces for the enjoyment of the unbeatable views over the city.Save this picture!© Nelson KonSave this picture!West ElevationSave this picture!© Nelson KonProject gallerySee allShow lessGlasgow School of Art Building to be Dismantled Following FireArchitecture News2018 Young Architects Program Exhibition Opens at MoMA PS1 in New YorkArchitecture NewsProject locationAddress:R. Min. Jesuíno Cardoso, 148 – Vila Nova Conceição, São Paulo – SP, 04544-050, BrazilLocation to be used only as a reference. It could indicate city/country but not exact address. Share ArchDaily CopyApartments, Residential•Vila Nova Conceição, Brazil Save this picture!© Nelson Kon+ 32Curated by Danae Santibañez Share Forma Itaim Tower / b720 Fermín Vázquez ArquitectosSave this projectSaveForma Itaim Tower / b720 Fermín Vázquez Arquitectos Projects Year:  Architects: b720 Fermín Vázquez Arquitectos Area Area of this architecture projectcenter_img Area:  11533 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/897025/forma-itaim-tower-b720-fermin-vazquez-arquitectos Clipboard “COPY” Photographs Forma Itaim Tower / b720 Fermín Vázquez Arquitectos Brazil Apartments ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/897025/forma-itaim-tower-b720-fermin-vazquez-arquitectos Clipboard CopyAbout this officeb720 Fermín Vázquez ArquitectosOfficeFollowProductsGlassSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsBuildingsResidentialVila Nova ConceiçãoBrazilPublished on June 28, 2018Cite: “Forma Itaim Tower / b720 Fermín Vázquez Arquitectos” [Torre Forma Itaim / b720 Fermín Vázquez Arquitectos] 28 Jun 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Surface: Nordic DécorWindowsAir-LuxSliding Window – CorneringWoodBruagRoom Acoustics – Interior Cladding PanelsSinksBradley Corporation USASinks – Frequency® FL-SeriesMetal PanelsTrimoInternal Walls – Trimoterm, Qbiss OneGlassSolarluxWintergarden – SDL Akzent plusSystems / Prefabricated PanelsInvestwoodCement Bonded Particle Board – VirocPaintKEIMMineral Paint in Hunters Point LibraryCabinetsburgbadMid-Height Cabinet – EssentoSignage / Display SystemsGlasbau HahnMuseum Display CasesMore products »Save想阅读文章的中文版本吗?福马伊泰姆公寓塔 / b720 Fermín Vázquez Arquitectos是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Read More »

Mamma Mia! screening raises £6,940 for HFT

first_imgwww.hft.org.uk  52 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 The screening at The Princess Anne Theatre, in Piccadilly, London, took place on 2 July and 227 guests attended. Mamma Mia! screening raises £6,940 for HFT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Howard Lake | 15 July 2008 | News An exclusive BAFTA screening of Mamma Mia! The Movie which stars Meryl Streep, Pierce Brosnan, Colin Firth and Julie Walters, has raised over £6,940 for HFT, the charity for people with learning disabilities.The charity screening was made possible through Judy Craymer MBE, the producer of both the musical and the film, and Richard Price MBE, vice chairman of HFT, who was involved in the development of the original stage musical. 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. Photo: © 2008 Peter Mountain Advertisement Tagged with: Celebrity Eventslast_img read more

Read More »

European Commission competition seeks ideas to help refugees and migrants

first_img Tagged with: competition European Union Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 European Commission competition seeks ideas to help refugees and migrants The European Commission is seeking ideas and entries to help support the integration and reception of refugees and migrants with the launch of the 2016 European Social Innovation Competition.Themed ‘Integrated Futures’ this year’s competition launched in Amsterdam last month (pictured) and is looking for ideas including:Education and skills developmentEmployment and entrepreneurshipAccess to appropriate housing and health servicesSafety and human rightsCommunity cohesion and cultural diversity.The competition is open to individuals, groups and organisations across the European Union and in countries participating in the European Horizon 2020 programme. Applications that are led by or have been co-created with refugees and migrants are also particularly welcome.Thirty semi-finalists will be invited to a social innovation mentoring academy in Berlin in July to help progress their ideas. The three best projects will then each be awarded €50,000 at an awards ceremony in Brussels in October.Applications are open until noon on Friday 8 April 2016, Central European Time. Full details are available at: http://ec.europa.eu/growth/social-innovation-competition Picture: Launch event Integrated Futures panel session with social innovators currently working on refugee and migration issues  92 total views,  1 views today Melanie May | 1 March 2016 | News  93 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Read More »

Members of Pakistani regulator try to close TV station illegally

first_imgNews Organisation Pakistani supreme court acquits main suspect in Daniel Pearl murder May 21, 2014 – Updated on January 20, 2016 Members of Pakistani regulator try to close TV station illegally April 21, 2021 Find out more Help by sharing this information January 28, 2021 Find out more Pakistani TV anchor censored after denouncing violence against journalists Pakistani journalist critical of the military wounded by gunfire RSF_en Reporters Without Borders is alarmed by the order issued yesterday by three members of the Pakistan Electronic Media Regulatory Authority (PEMRA) closing three Geo Television channels – Geo News, Geo Tez and Geo Entertainment – and cancelling their licences.The order was rapidly disowned by PEMRA in a press release that said it was issued following a meeting yesterday of only five PEMRA members that did not comply with Rule 3(4) of PEMRA Rules 2009, under which at least seven of PEMRA’s 12 members must attend a meeting for it to be validly convened.The release added that the decision that PEMRA took at an earlier, valid meeting on 9 May to “refer the (Geo Television) case to the Ministry of Law for legal opinion” was therefore still in effect.The case was referred to PEMRA last month by defence minister Khawaja Muhammad Asif, who was seeking legal redress against Geo News for reporting allegations that Pakistan’s intelligence agencies were behind a shooting attack on Geo News anchor Hamid Mir in Karachi on 19 April. “The hasty decision by three PEMRA members that was immediately disowned is indicative of a desire by certain government representatives to use any means, including illegal ones, to ban Geo News from broadcasting,” said Benjamin Ismaïl, the head of the head of the Reporters Without Borders Asia-Pacific desk.“We urge PEMRA not to yield to pressure from the intelligence agencies and the defence ministry, and to ensure that the law protects freedom of information.”Mir has been the target of repeated threats, intimidation and prosecution as a result of his coverage of the activities of Inter-Services Intelligence (ISI), Pakistan’s leading intelligence agency, in the southwestern province of Baluchistan.He shared his fears with Reporters Without Borders and his brother, Amir Mir, saying that if he was the target of any attack, “the ISI and its chief, Lt. Gen. Zaheerul Islam, should be held responsible.”After Mir’s brother repeated Mir’s statements on Geo News in the wake of the 19 April attack, the TV station was accused of broadcasting unpatriotic accusations and was the target of smear campaign in the following weeks.The climate for employees of the Jang/Geo media group has deteriorated dramatically, with journalists working for Geo News and the newspaper Jang receiving repeated threats, including death threats.A note left at the Jang printing press on 5 May accused Jang and Geo News employees of being “anti-Pakistan, anti-Islam, anti-Army” and threatened Jang with “serious consequences” if it did not close its Peshawar offices. Employees were also told to “quit and leave the traitor group immediately.”The Sunni Ittehad Council, an Islamic political party, announced on 15 May that it regarded Geo News as “haram” (forbidden) and called for its prohibition for broadcasting “blasphemous” content.Pakistan is ranked 158th out of 180 countries in the 2014 Reporters Without Borders press freedom index.center_img News PakistanAsia – Pacific Receive email alerts June 2, 2021 Find out more to go further Follow the news on Pakistan PakistanAsia – Pacific News Newslast_img read more

Read More »

COVID-19 Infection Rate in Pasadena Hits Lowest Number Since Week City Saw First Case in 2020

first_img 30 recommended0 commentsShareShareTweetSharePin it STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  Subscribe Community News Community News COVID-19 Infection Rate in Pasadena Hits Lowest Number Since Week City Saw First Case in 2020 2 deaths from prior months added to local death toll By BRIAN DAY Published on Thursday, June 3, 2021 | 6:01 pm faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Make a commentcenter_img Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena The number of daily COVID-19 infections detected over the prior week in Pasadena reached a pandemic low of 0.9 on Thursday, representing the lowest figure recorded since the city saw its first case of the virus in March of 2020, according to city data.A single case of COVID-19 detected on Thursday raised Pasadena’s total to 11,296 infections, as the city surpassed a full month without a daily case count climbing out of single digits.But two additional deaths were added to the pandemic total, city spokeswoman Lisa Derderian said.A man in his 60s died in January but was only recently confirmed as having succumbed to COVID-19, she said. The death of a man in his 70s who died at a care facility in December was also added to city records after investigation determined COVID-19 to be the cause.In all, 349 deaths have been attributed to the pandemic in Pasadena, according to the Pasadena Public Health Department.Los Angeles County Department of Public Health officials reported 228 new infections and nine deaths on Thursday, bringing the county totals to 1,244,459 infections and 24,364 fatalities.Officials listed 244 COVID-19 patients hospitalized throughout the county, with 17% of them being treated in intensive care units.The California Department of Public Health announced 773 infections and 48 deaths on Thursday, raising the state’s totals to 3,686,689 COVID-19 cases and 62,092 fatalities.The state’s average positivity rate over the prior week was recorded at 0.9%, according to CDPH data.As of Thursday, L.A. County accounted for 34% of California’s COVID-19 infections and 39% of the state’s deaths. Business News STAFF REPORT First Heatwave Expected Next Week More Cool Stuff HerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Ways To Get Into Shape You’ve Never Tried BeforeHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeauty Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

Read More »

Familiar Territory: Foreclosures Return to Pre-Crisis Levels

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save At 1 percent, the rate of all mortgages that are in active foreclosure fell to its lowest point in nine years, according to Black Knight’s First Look at September 2016 Mortgage Data.Month-over-month, the number of active foreclosures dropped 3.38 percent but it was year-over-year where the truly substantial decrease was seen, 31.23 percent. Total foreclosure starts fell to 61,700 this month, a decrease of 10.32 percent from the previous month and 22.78 from the year prior. Likewise, foreclosure sales decreased 5.82 percent from August to 2.03 percent. This was an increase though from last year by 2.47 percent.September’s less-than-one-percent seasonal increase in the delinquency rate was relatively mild by historical standards, but was still a decline from last year’s level by 12.24 percent.The number of properties that are 30 or more days past due but not in foreclosure rose by 14,000 from August to a total of 2,165,000. Despite the slight incline, this was a strong decline of 292,000 properties from the year prior. The number of properties that are 90 or more days past due but not in foreclosure dropped down both month-over-month and year-over-year to hit 668,000 properties.The top five states with the highest percentage of combined foreclosures and delinquencies included Mississippi with 11.16 percent, Louisiana with 10.32 percent, New Jersey with 8.13 percent, Alabama with 7.85 percent, and West Virginia with 7.72 percent.In contrast, the five states with the lowest percentage of foreclosures and delinquencies included South Dakota with 2.95 percent, Montana with 2.88 percent, Minnesota with 2.75 percent, Colorado with 2.44 percent, and North Dakota with 2.23 percent. Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Kendall Baer Sign up for DS News Daily Black Knight Financial Services First Look at Mortgage Data 2016-10-24 Kendall Baer Related Articles Tagged with: Black Knight Financial Services First Look at Mortgage Data Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Familiar Territory: Foreclosures Return to Pre-Crisis Levels Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Week Ahead: Nearing the Forbearance Exit 2 days ago October 24, 2016 1,343 Views Home / Daily Dose / Familiar Territory: Foreclosures Return to Pre-Crisis Levels  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: International Group Acquires Genworth Financial Next: The Hidden Benefit of Student Loan Debt to Homebuying Subscribelast_img read more

Read More »