Unga Group Limited (UNGA.ke) 2016 Annual Report

first_imgUnga Group Limited (UNGA.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2016 annual report.For more information about Unga Group Limited (UNGA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Unga Group Limited (UNGA.ke) company page on AfricanFinancials.Document: Unga Group Limited (UNGA.ke)  2016 annual report.Company ProfileUnga Group Limited is an agricultural holding company in Kenya which mills wheat and maize and processes baked products and animal nutrition and health products. The company is divided in products produced for human consumption and animal consumption. The human consumption division produces a range of wheat flour products which include chapatti, mandazi, brown bread, maize meal, porridge and amana. The animal consumption division manufactures a range of animal food and mineral supplements. Unga Limited is a subsidiary company which produces feeds, minerals, premixes, animal health products and offers technical services to the agricultural sector in Kenya. Other subsidiary companies include Unga Farm Care (EA) Limited, Ennsvalley Bakery Limited and Unga Millers (Uganda) Limited. Over 90% of products are produced for the Kenyan domestic market with some exports to Uganda, Tanzania and Rwanda. The company head office is in Nairobi, Kenya. Unga Group Limited is listed on the Nairobi Securities Exchangelast_img read more

Ghana Commercial Bank Limited (GCB.gh) 2018 Abridged Report

first_imgGhana Commercial Bank Limited (GCB.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2018 abridged results.For more information about Ghana Commercial Bank Limited (GCB.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ghana Commercial Bank Limited (GCB.gh) company page on AfricanFinancials.Document: Ghana Commercial Bank Limited (GCB.gh)  2018 abridged results.Company ProfileGhana Commercial Bank Limited is a financial services institution offering banking products and services for the personal, commercial, corporate and treasury sectors. Its product offering is geared to offer financial solutions for loans, overdrafts, deposits, investments, money transmission and international services. Its Personal banking division offers consumers the choice of a Kudi Nkosuo account, Flexsave account, Save and Prosper account, overdrafts and loans and ReadyCash ATMs. Additional services offered by its business division includes corporate and investment services such as call accounts, treasury bills, fixed deposit accounts and Money Transfer. Ghana Commercial Bank Limited facilitates foreign banking and overseas inward money transfers. Its Treasury division manages market risk exposures and funding requirements as swell as overdraft facilities, bulk cash collection, trade finance, payroll solutions and electronic banking services. Ghana Commercial Bank Limited is listed on the Ghana Stock Exchangelast_img read more

Cipla Quality Chemicals Industries Limited (CIPLA.ug) 2020 Abridged Report

first_imgCipla Quality Chemicals Industries Limited (CIPLA.ug) listed on the Uganda Securities Exchange under the Pharmaceuticals sector has released it’s 2020 abridged results.For more information about Cipla Quality Chemicals Industries Limited (CIPLA.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Cipla Quality Chemicals Industries Limited (CIPLA.ug) company page on AfricanFinancials.Document: Cipla Quality Chemicals Industries Limited (CIPLA.ug)  2020 abridged results.Company ProfileCipla Quality Chemical Industries Limited is a pharmaceutical manufacturing company located in Kampala, Uganda. The company manufactures Anti-retroviral (ARVs), Artemisinin-based Combination Therapies (ACTs) and Hepatitis medicines to treat HIV/AIDS, Malaria and Hepatitis. Cipla Quality Chemicals Industries Limited is listed on the Uganda Securities Exchangelast_img read more

£5k to invest? Here’s 1 undervalued FTSE 100 stock I’d buy right now

first_img Rupert Hargreaves | Monday, 27th April, 2020 | More on: ABF “This Stock Could Be Like Buying Amazon in 1997” £5k to invest? Here’s 1 undervalued FTSE 100 stock I’d buy right now Investing £5k (or indeed, any other amount) in FTSE 100 shares after the recent market crash could be an excellent long-term move. However, some of these blue-chip champions have much brighter prospects than others. With this in mind, here’s one FTSE 100 stock that could offer big profits for investors in the long run.FTSE 100 stock bargainSectors such as retail have been severely impacted by coronavirus. This is a headache for Associated British Foods (LSE: ABF).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…The group’s Primark clothing and lifestyle retail division has seen sales fall from £650m a month to zero in recent weeks. It has no online distribution operation so the retailer is suffering more than peers, which can still deliver products to customers.Nevertheless, despite problems at Primark, the FTSE 100 stock looks well-placed to weather the coronavirus crisis.Alongside the retail division, the conglomerate also sells food and food ingredients. These businesses have been running at full capacity. Indeed, according to a recent trading update, the group’s factories had to produce more food than ever during the first few weeks of March.These divisions have continued to rack up sales while Primark remains closed. This income should ensure that ABF can keep the lights on throughout the retail lockdown.In addition, the company has plenty of funds for the time being. It has available central cash of £1.5bn, more than enough to cover estimated cash burn of around £100m a month for more than a year.Still, despite this capital, management has taken the decision to cancel its interim dividend. That’s disappointing, but it’s to be expected. It doesn’t make sense for the FTSE 100 stock to be paying out profits to investors at present.Long-term buyLooking ahead, it’s clearly uncertain, at this stage, when the UK will exit its lockdown. As such, the group is likely to see continued operational disruption in the short run. However, the company has a strong balance sheet and large food business. So, it seems to be in a relatively stable position to overcome its present challenges.Therefore, while the FTSE 100 stock might see further declines in the near term, investors who are willing to buy today and hold over the long run could see high returns.Moreover, ABF’s founding family still own the majority of the FTSE 100 stock. That suggests management is highly incentivised to achieve the best outcome for all investors. This implies they’ll do whatever it takes to get business back to growth. This also implies the company could look to restart dividends as soon as possible when growth returns. All in all, if there’s one FTSE 100 stock that’s worth buying to profit from the stock market crash, Associated British Foods certainly appears to offer all the right qualities. Simply click below to discover how you can take advantage of this. 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. Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img 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. 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. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Associated British Foods. 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. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaveslast_img read more

Roche Residence / Atelier Archiplein

first_img Year:  “COPY” Save this picture!Courtesy of Archiplein+ 22 Share Text description provided by the architects. The goal, here, is to sublimate qualities and the feelings already present on the spot. The large gate is the basic element which generates the entire project: its symmetrical is deferred on the northern frontage generating a crossing tube of light. The limit between outside and interior disappears, operating the fusion of nature and built. Save this picture!Courtesy of ArchipleinRecommended ProductsPorcelain StonewareApavisaSlabs – BorghiniPorcelain StonewareGrespaniaPorcelain Tiles – VolgaStonesCosentinoSurfaces – Silestone® Rivers SeriesThe space of the ground thus illuminated contrast with the higher level which rather seeks the introversion and the shade to him. Two worlds cohabit, consequently how to consider their connection? It is the deformation of the higher floor which, conceptually, comes to find the ground and operates this transition.Save this picture!Courtesy of ArchipleinProject gallerySee allShow lessMetzgerstüble Bar / DI Bernardo BaderArticlesMONU Magazine New Issue: Real UrbanismArticles Share Roche Residence / Atelier ArchipleinSave this projectSaveRoche Residence / Atelier Archiplein Houses CopyAbout this officeAtelier ArchipleinOfficeFollowProductStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationRochebaudinWoodRefurbishmentHousesFrancePublished on March 14, 2010Cite: “Roche Residence / Atelier Archiplein” 14 Mar 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Talis SVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Solid ColorPartitionsSkyfoldRetractable Walls – Stepped & Sloped SpacesDining tablesZeitraumWood Table – TautBathroom AccessoriesBradley Corporation USARoll Towel Dispenser – Electronic TouchlessWoodLunawoodThermowood FacadesAluminium CompositesSculptformClick-on Battens in Victoria GardensMetal PanelsLongboard®Metal Ceilings – DauntlessWoodStructureCraftEngineering – Mass TimberPanels / Prefabricated AssembliesULMA Architectural SolutionsPerforated Facade PanelFiber Cements / CementsDuctal®Rainscreen Cladding Panels for Lightweight Facades in Apartment BlockBricksAcme BrickModular Size BrickMore products »Read commentsSave想阅读文章的中文版本吗?Roche Residence / Atelier Archiplein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/52458/roche-residence-atelier-archiplein Clipboard France Area:  220 m² Year Completion year of this architecture project center_img Architects: Atelier Archiplein Area Area of this architecture project CopyHouses, Renovation•Rochebaudin, France ArchDaily Projects Roche Residence / Atelier Archiplein ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/52458/roche-residence-atelier-archiplein Clipboard 2008 “COPY”last_img read more

Da House / Gerira Architects

first_img Vietnam Area:  280 m² Year Completion year of this architecture project Da House / Gerira ArchitectsSave this projectSaveDa House / Gerira Architects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/947561/da-house-gerira-architects Clipboard Year:  Photographs 2019 Photographs:  Hoang Le Manufacturers Brands with products used in this architecture project Projects Project gallerySee allShow lessGB House / built architectureSelected ProjectsHousing Complex Niigata III / Studio Takuya HosokaiSelected Projects Share Architects: Gerira Architects Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/947561/da-house-gerira-architects Clipboard Houses “COPY” “COPY” Save this picture!© Hoang Le+ 31Curated by Hana Abdel Share ArchDaily CopyHouses•Thủ Dầu Một, Vietnam Da House / Gerira Architects Manufacturers: AutoDesk, Toto, Glass Curtain Sea, Trimble NavigationArchitect In Charge:Gerira ArchitectsCity:Thủ Dầu MộtCountry:VietnamMore SpecsLess SpecsSave this picture!© Hoang LeRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapMetallicsSculptformClick-on Battens in Ivanhoe ApartmentsWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40DoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesText description provided by the architects. We were asked to build a house for a young married couple with children that combine a separated kitchen workspace, dedicated to the family’s restaurant chain called “PHỞ DẠ”. Inside the land plot, they express the desire to have a family workspace that connects daily life to their work so they can directly try out and invent family recipes for the “Phở”. Besides, they also seek a living space close to nature.Save this picture!© Hoang LeSave this picture!Ground Floor PlanSave this picture!© Hoang LeThe site is located within a developing area of the city, which is a region with low construction density and has not been affected by urbanization. There are many small houses have been built in front of the house’s facade. At 50 meters of depth, the house adjacent to nearby gardens. These points of view lead us to solve an important problem that where should we locate the main house on the site plot to take advantage of the site’s depth as well as to insert the house itself into the surrounding natural context.Save this picture!© Hoang LeSave this picture!Second and Roof Floor PlansSave this picture!© Hoang LeWe put the main house almost in the center of the plot. The front facade faces the street is planned to grow local fruit trees. With fresh air at the southeast, we create a large empty lawn as a buffer space (intermediate space) not only to serve outside activities but also to connect the family workspace with the main house.  Save this picture!© Hoang LeAt the main house, we organized private spaces like bedrooms and family’s living spaces into a box, which is lifted off the ground. In this way, the first floor is freed, provide views towards spaces along the site’s depth in which we put the dinner table as the center of the first-floor living.Save this picture!© Hoang LeKitchen, multi-functional spaces, lawn, yard, pond, … are interwoven. The concrete columns in the center of the house are replaced with local stone columns. To enhance the connection between each floor, we also plant tall trees with the height through floors. Tree’s canopy on the top can reduce sunlight directly hitting the roof or the ceiling, it also creates a miniature “park” on the roof.Save this picture!© Hoang LeSave this picture!Exploded Axonometric ViewSave this picture!© Hoang LeFunctional blocks for privacy at the 2nd floor divides nature vertically (first floor – ground and roof floor – sky).  “Windows” on the walls, floors, and ceilings are opened depend on the specific function of each room, helping them to connect with the whole house. The living room connects to the dining table below, the water-basin skylight above. Children bedroom connects to the lawn which is a large empty space at the back, where family’s activities take place. Master bedroom looks straight into the front garden, where wide tree canopies can keep privacy for the room. At the center of the 2nd floor, we used wooden walls structure with the desire to create intimacy and to connect all private spaces together. Save this picture!© Hoang LeWith typical weather without the winter season of the South in Viet Nam, we can openly develop functional blocks. Through the kind of alternating plan on the ground floor, combining vertically voids on floor, wall, ceiling. In the end, we aim to create a living environment that free and close to nature. CopyAbout this officeGerira ArchitectsOfficeFollowProductsGlassStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn InstagramThủ Dầu MộtOn FacebookVietnamPublished on September 14, 2020Cite: “Da House / Gerira Architects” 14 Sep 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesGlassMitrexSolar GreenhouseMetal PanelsAurubisOxidized Copper: Nordic BrownDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteStonesCosentinoSurfaces – Silestone® Nebula SeriesWall / Ceiling LightsLouis PoulsenLamp – LP RiplsWood Boards / HPL PanelsBruagRoom Dividers – Partition Wall MDFStonesNeolithSintered Stone – Mar del PlataWindowspanoramah!®ah! SecurityPanels / Prefabricated AssembliesULMA Architectural SolutionsMIS Facade PanelCarpetsFabromont AGTextile Floor Covering – Orbital® 07 COLORpunkt®LightsNorka lightingLuminaire – BelfastMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Disasters Emergency Committee launches emergency appeal for people fleeing Myanmar

first_imgDisasters Emergency Committee launches emergency appeal for people fleeing Myanmar  158 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 Thirteen charities have launched a joint fundraising appeal to help the hundreds of thousands of people fleeing their homes in Myanmar who are in urgent need of shelter, medical care, water and food. The charities are members of the Disasters Emergency Committee (DEC). They are responding to the movement by more than half a million people, mostly Rohingya women and children, who have sought refuge in Bangladesh from violence in Myanmar’s Rakhine state.  The DEC are asking the public to donate to help the charities support both the people fleeing Myanmar and their host communities in Bangladesh. The charities are already delivering emergency aid in Bangladesh.  The funds raised by the appeal will enable them to expand their humanitarian support to reach more people in urgent need.The DEC Emergency Appeal is launching today and will be shown on all major UK broadcasters including BBC, ITV, Channel 4, Channel 5 and Sky.  DEC Chief Executive, Saleh Saeed, said: “This is one of the fastest movements of people we have seen in recent decades. “Families are living in makeshift shelters or by the side of the road with no clean drinking water, toilets or washing facilities. This humanitarian catastrophe is unfolding in a country that is already reeling from the worst floods in decades. “Without urgent support, the risk of disease and further misery is alarmingly high.” Oxfam in BangladeshOxfam is one of the DEC member charities providing support:[youtube]https://www.youtube.com/watch?v=TYREHDrVfU8[/youtube] and actor and writer Riz Ahmed presented the DEC appeal on ITV:[youtube]https://www.youtube.com/watch?v=k_-y6_QXtW0[/youtube] 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.center_img Tagged with: DEC Emergency Fundraising TV appealsWriter and comedian Michael Palin presented the DEC appeal on the BBC:[youtube]https://www.youtube.com/watch?v=1ShvniclvLM[/youtube] WATCH: The story of disaster relief[youtube]https://www.youtube.com/watch?v=sMty8JBRpIE[/youtube]  157 total views,  1 views today Matched givingThe UK Government will match pound for pound the first £3 million donated by the public to the DEC Emergency Appeal. Donations to the DEC Emergency Appeal can be made:onlinevia the 24-hour hotline on 0370 60 60 610over the counter at any high street bank or post officeby chequeby texting the word SUPPORT to 70000 (to donate £5).  Howard Lake | 4 October 2017 | Newslast_img read more

Syria : RSF condemns attack by gunmen on Syrian community radio station and its executive director

first_img SyriaMiddle East – North Africa Condemning abuses ViolenceFreedom of expression Help by sharing this information SyriaMiddle East – North Africa Condemning abuses ViolenceFreedom of expression Receive email alerts Organisation News Follow the news on Syria March 8, 2021 Find out more Reporters Without Borders (RSF) condemns an attack by masked gunmen on independent radio ARTA FM and its director in Amuda, a town in the mainly Kurdish northeastern region of Syria known as Rojava, on the night of 26 April and urges the Kurdish local authorities to investigate. Wave of Kurdish arrests of Syrian journalists After ambushing ARTA FM director Mohamed Hassan (also known as Sefqan) as he returned home, the gunmen took him to the town cemetery, interrogated him, and threatened to kill him if he did not stop broadcasting.They then went to the radio station and set fire to it, destroying some of the equipment, before making their escape. The fire was put out after the arrival of the police and the Kurdish security forces (Asayesh).“We ask the local authorities to conduct an independent and impartial investigation into this attack on the radio station and its director in order to bring those responsible to justice,” said Alexandra El Khazen, the head of RSF’s Middle East desk. “The local authorities have a duty to protect the work of journalists.”Despite the damage and the ransacking of some of its equipment, the radio continues to broadcast via the Nilesat satellite and to post news reports on its Facebook page.Hassan has filed a complaint with the police and has requested an investigation. He told RSF that the station will continue to broadcast news reports and that “it belongs to no political faction, just to the people.” He added that it was the target of local harassment and that its main support came from international organizations.The Democratic Union Party (PYD), which is the main Syrian Kurdish party and which controls this part of Syria, condemned the attack yesterday and called for a rapid investigation.Journalists are often subject to threats, arrest or even abduction by the Kurdish security forces in Rojava, while the media are also sometimes censored by the local authorities.Rudaw TV, a Kurdish TV channel based in Erbil, the capital of Iraqi Kurdistan, and Orient TV, a Syrian opposition TV channel, were banned in August 2015 by the authorities in the Jezireh district of Rojava, who accused them of broadcasting false information and encouraging violence and discord. The same two TV channels were also banned in Kobane in February 2016.Because of the differences between the Kurdish authorities in Rojava and the Kurdish authorities in Iraqi Kurdistan, media outlets and journalists on either side are subject to the same difficulties, including arrest, threats and censorship.Syria is ranked 177th out of 180 countries in RSF’s 2016 World Press Freedom Index. Toll of ten years of civil war on journalists in Syriacenter_img Arta FM – Facebook Page News April 29, 2016 Syria : RSF condemns attack by gunmen on Syrian community radio station and its executive director March 12, 2021 Find out more News News to go further RSF_en February 3, 2021 Find out more Damascus TV presenter arrested under cyber-crime lawlast_img read more

FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions

first_img  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Industry Pulse: Compliance Technology Advancements and New Office Expansions Next: ‘Online Buyers’ Contribute to Growing Home Sales The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Mae Foreclosure Prevention Freddie Mac 2020-08-20 Christina Hughes Babb in Daily Dose, Featured, News Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Servicers Navigate the Post-Pandemic World 2 days ago Share Save About Author: Phil Hall Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago August 20, 2020 1,288 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions Tagged with: Fannie Mae Foreclosure Prevention Freddie Mac The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions The government-sponsored enterprises (GSEs) completed 83,756 foreclosure prevention actions during May, according to new data released by the Federal Housing Finance Agency (FHFA).The overwhelming majority of the GSEs’ actions in May were forbearance plans—77,218, up from 9,749 in April—while 4,577 were loan modifications, 1,598 were repayment plans, and 77 were charge-offs-in-lieu.The FHFA reported that initiated forbearance plans declined from 989,594 in April to 392,338 in May. The total number of loans in forbearance plans at the end of May was 1,450,557, which represented slightly more than 5% of the total loans serviced by the GSEs.The GSEs also completed 286 home forfeiture actions in May, which consisted of 218 short sales and 68 deeds-in-lieu.Furthermore, the FHFA revealed that the GSEs’ 30-59 days delinquency rate fell to 2.53% in May but the serious delinquency rate inched up by less than a quarter-percentage point to 0.86%. Third-party and foreclosure sales totaled 344, down from 260 in April, and the decline was attributed to the GSEs’ suspension of foreclosures in response to the COVID-19 pandemic. As a result of foreclosures being suspended, foreclosure starts fell from 3,229 in April to 2,316 in May.Elsewhere in May, the FHFA determined the GSEs’ total refinance volume rose to their highest levels in seven years as mortgage rates tumbled—the average interest rate on a 30-year fixed rate mortgage slid from 3.31% in April to 3.23% in May. During May, 14 refinances were completed through the High LTV Refinance Option, bringing total refinances through this channel to 46 since its inception earlier in the year. The percentage of cash-out refinances dipped from 30% in April to 28% in May.Fannie Mae and Freddie Mac have completed 4,534,370 since they were put into federal conservatorship in September 2008, with more than half of these actions consisting of permanent loan modifications. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Austal Bags Five LCS 6 Contracts

first_img Authorities View post tag: Austal USA View post tag: US Navy View post tag: americas Austal Bags Five LCS 6 Contracts View post tag: contracts September 30, 2015center_img View post tag: USS Jackson Back to overview,Home naval-today Austal Bags Five LCS 6 Contracts Naval Sea Systems Command awards Austal USA five contracts worth approximately US$22 million.Austal USA was awarded a US$13,3 million order to provide all supplies, services, labor and material in support of the pre-shock trials emergent availability for Littoral Combat Ship USS Jackson (LCS 6). Efforts will include program management, test plan and Integrated Master Schedule development, and work package execution and testing. Work will be performed in Mayport, Florida and is expected to be completed by June 2016.In addition to the above contract, the Company received a further four orders worth US$9,3 million. All are cost-plus-award-fee orders against previously awarded Basic Ordering Agreement (BOA) and are designed to support on-going Littoral Combat Ship operations for LCS 6. These orders are to provide engineering and management services for advance planning and design support of the post shakedown availability (PSA) and shock trials; including PSA test and trials support, combat ship qualifications (CSSQ) and final contract trials (FCT) support, emergent repair/sailaround, and full ship shock trial (FSST) preparation repair.Austal USA will provide design, planning and material support services for the vessel. Efforts will include post-delivery support and service, program management, advance planning, engineering, design, test and activation, production, material kitting, liaison and scheduling.Austal has a US$3.5 billion block-buy contract from the U.S. Navy to build 10 Littoral Combat Ships and a separate US$1.6 billion block-buy contract from the U.S Navy to build 10 103-meter Expeditionary Fast Transports (EPF) – formerly Joint High Speed Vessels (JHSVs).[mappress mapid=”17056″]Image: Austal View post tag: LCS 6 Share this articlelast_img read more