Nation Media Group Limited (NMG.ke) HY2016 Interim Report

first_imgNation Media Group Limited (NMG.ke) listed on the Nairobi Securities Exchange under the Printing & Publishing sector has released it’s 2016 interim results for the half year.For more information about Nation Media Group Limited (NMG.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Nation Media Group Limited (NMG.ke) company page on AfricanFinancials.Document: Nation Media Group Limited (NMG.ke)  2016 interim results for the half year.Company ProfileNation Media Group Limited is an independent media house with operations in East and Central Africa. The company publishes and distributes a selection of printed newspapers and magazines and owns and runs radio and television broadcasting channels. Nation Media Group also produces digital media which accessible to private and public sectors in Kenya, Uganda, Rwanda and Tanzania. The company aims to create and promote content which informs, educates and entertains its target markets across different media platforms. The media group was founded in 1959 and its head office is in Nairobi, Kenya. Nation Media Group Limited is listed on the Nairobi Securities Exchangelast_img read more

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3 UK dividend stocks I’d buy for 2021 and beyond

first_img 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. 3 UK dividend stocks I’d buy for 2021 and beyond Image source: Getty Images. 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 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. In 2020, we saw how important it is to be selective when investing in dividend stocks. Last year, around 40% of companies in the FTSE 100 index cancelled or suspended their dividends.Here, I’m going to highlight three UK dividend stocks I like for 2021 and beyond. I think these stocks have the potential to be dependable dividend payers going forward.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…A high-yield dividend stock for 2021I don’t normally touch high-yield dividend stocks. This is because a high yield is often a sign of underlying problems in the business. One I do like, however, is Legal & General Group (LSE: LGEN). It currently sports a prospective yield of just under 7%.There are a few reasons I like this income stock. Firstly, the company has put together a good dividend track record over the last decade. Unlike a lot of other FTSE 100 companies, it didn’t suspend, cancel, or cut its payout in 2020.Secondly, unlike many other high yielders, LGEN has decent growth prospects. Its retirement business looks set to keep growing, as does its asset management business. Recently, the company said that over the next five years, it expects to deliver diversified growth across the group. It also advised that from 2021, it intends to grow the dividend at low- to mid-single digits.Legal & General currently trades on a P/E ratio of about nine. At that valuation, I think the stock has the potential to deliver a healthy mix of capital gains and dividends.A recession-proof dividend payerThe next UK dividend stock I like for 2021 is consumer goods company Unilever (LSE: ULVR). It has an amazing long-term dividend track record and currently sports a prospective yield of about 3.5%. I see that as an excellent yield in the current low-interest-rate environment.I think Unilever is an attractive dividend stock for a couple of reasons. Firstly, the company is pretty much recession-proof. No matter what happens to the global economy this year, people will still buy Dove soap and Persil detergent. Secondly, Unilever has decent long-term growth potential. Not only does the company have significant exposure to the emerging markets but it is also moving into high-growth industries such as vitamins and petcare.Unilever shares have pulled back recently due to sterling strength and currently trade on a forward-looking P/E ratio of about 19. At that valuation, I see this dividend stock as a strong buy.A play on AmazonFinally, I like Tritax Big Box (LSE: BBOX). It’s a FTSE 250-listed real estate investment trust that specialises in warehouses and lets them out to retailers such as Amazon. Analysts expect the company to pay out dividends of 6.7p per share this year, which equates to a yield of about 4% at the current share price.Logistical companies are benefiting from the online shopping boom in a big way, and Tritax is no exception. In the third quarter of 2020, it let out 320,000 square feet of warehouse space to tenants (including Apple), adding £2.5m to portfolio contracted rent. As the UK e-commerce industry continues to expand in the years ahead, Tritax should continue growing. Recently, it advised it’s “well-positioned to continue to deliver both attractive and secure income and capital growth for investors.”This dividend stock isn’t cheap. Currently, the forward-looking P/E ratio is 24.1. However, given the long-term growth potential here, I think that valuation is fair. Edward Sheldon, CFA | Monday, 4th January, 2021 | More on: BBOX LGEN ULVR Click here to claim your free copy of this special investing report now!center_img Our 6 ‘Best Buys Now’ Shares 5 Stocks For Trying To Build Wealth After 50 Simply click below to discover how you can take advantage of this. Enter Your Email Address See all posts by Edward Sheldon, CFA Edward Sheldon owns shares in Legal & General Group, Unilever, Amazon, Apple, and Tritax Big Box. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon and Apple. The Motley Fool UK has recommended Tritax Big Box REIT and Unilever and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. 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.last_img read more

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What’s in the new issue of Rugby World?

first_img The World Cup is in full swing and the latest issue of Rugby World takes you inside the tournament. There are exclusive interviews with big names like Aaron Smith, Israel Folau, Jonny Wilkinson, Conor Murray, Tendai Mtawarira and Juan Martin Hernandez as well as behind-the-scenes photos from RWC 2015.On top of all that, we take an in-depth look at what it takes to win a World Cup, report on the RFU’s legacy plans and analyse the pros and cons of professionalism.Here’s a full list of contents – find out where to buy your copy here or get our free magazine finder app here. Plus, you can download the digital edition here.NEWSThe rise of the underdogs at RWC 2015, 30 minutes with Ireland’s Conor Murray, World Cup predictions, wheelchair rugby, the return of the Aviva Premiership and moreHeads up: Conor Murray talks jokers, mess and Eva Mendes. Photo: InphoCOLUMNISTSStephen Moore – The Australia captain talks the World Cup and the BarbariansThe Secret Player – Our former professional on what life is like in a national campSteve Tew – The New Zealand CEO on building a World Cup legacySPOTLIGHTSAaron Smith – The All Blacks scrum-half explains what pushes him onDamien Chouly – The Clermont back-row is relishing a lengthy spell with FranceTevita Kuridrani – The Australia centre reveals what makes him tickJuan Martin Hernandez – The Argentina playmaker talks Wembley and World CupsFEATURESTom Youngs – The England hooker on farming, family and physicalityIreland’s World Cup journey – The ups and downs told in players’ own wordsScotland – The tale of two centres, Mark Bennett and Robbie FergussonIt’s good to talk: Robbie Fergusson and Mark Bennett open up in Rugby World. Photo: Robert PerryJustin Tipuric – Why the Wales flanker is still striving to find the perfect balance to his game TAGS: Highlight A full list of contents for the November 2015 issue of Rugby World How to win a World Cup – The 12 boxes that need to be ticked if a team is to lift the Webb Ellis trophy, as explained by players and coaches who have been crowned world championsBehind the scenes – Fantastic photos showing what’s been going on off the field at RWC 2015Israel Folau – What’s made the Australia full-back faster?Stephen Jones – How the RFU are building a long-lasting legacy from the World CupJonny Wilkinson – Matt Hampson interviews the former England fly-half and finds out what the future holds for himPro v Amateur – The best and worst things about professionalismADVICEPro Insight – Namibia’s Jacques Burger gives his top defence tipsNutrition – How to refuel in a rushFitness – Exercises to help you offload like Sonny Bill WilliamsHandy: Sonny Bill Williams offloads against Georgia. Photo: Getty ImagesPro Playbook – Two ways to attack from a scrumMini rugby – Play overload touch and learn how to throw into a lineoutREGULARS Club Focus – It’s back! A round-up of news from the club game, plus we launch a new sevens section, which this month features Australia’s Ed JenkinsEssentials – Book reviews and new products on the marketUncovered – South Africa prop Tendai Mtawarira talks through his life and timescenter_img Tour Tale – An interesting tale from an U17 club tour to AmsterdamFor the latest subscription offers, click here. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

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Sonny Bill Williams puts the shoulder in against the Highlanders

first_imgSunday Jul 1, 2012 Sonny Bill Williams puts the shoulder in against the Highlanders The top of the table Chiefs beat the Highlanders 27-21 in a heated encounter in Dunedin on Saturday. Sonny Bill Williams sparked an early try, but was involved in a scuffle early in the second half. He has also announced that he’s moving to Rugby League. Williams, who has played for Toulon, the Crusaders, and the Chiefs since moving to Union, is set to head to Japan for a short stint, then the NRL, to join the Sydney Roosters in 2013.According to the Herald on Sunday, he needs to be in Japan by 30 August, which means that while he will be available for the All Blacks’ first two Rugby Championship games, he will not take part.The good news for All Black fans is that he aims to return to the Chiefs in 2014, and will hope to be part of the Test squad that defends the Rugby World Cup in England in 2015.He will no doubt find time to box too, and against the Highlanders looked to be getting ready for both that  and League, as he put the shoulder in on Nick Crosswell, which led to a bit of a spat between SBW and a few of the forwards, with fiery second rower Jarrad Hoeata included.“It’s all handbags,” said Highlanders skipper Jamie McIntosch, while Williams himself appeared to ask if some of the Highlanders forwards thought they were taking part in a Fight for Life event.What do you think of the latest reports on Williams’ possible move? ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Online security – how safe are your staff’s passwords?

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Two out of three workers at Victoria Station gave complete strangers their company password when asked to in a survey about computer scruples at work.The survey found the majority of workers “forward unsavoury material to co-workers”, “download material on leaving”, “give passwords to friends & colleagues” and “were willing to pass friends competitive information”. Yet even now there is still an undue focus by organisations including charities on technological security issues. “It’s not safe to give online” has been a popular comment from fundraisers at training events and conferences for several years. Advertisement  13 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 10 April 2002 | News 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. They’re right, of course, but not in technological terms. It’s because they or their co-workers are unlikely to have been trained in computer security.The survey was undertaken by the organisers of Infosecurity Europe 2002 and the newly formed “human firewall Council” in a quest to find how ethical workers are with the valuable company information they are privy to on their computers. The survey of 150 office workers found that the majority of them were more than happy to tell interviewers their passwords once warmed up to the survey questions. It came as no surprise that many knew that the most commonly used password is the word “password”. However, it shocked the interviewers that many boasted the origins of their own passwords, such as “my car – a “Porsche boxster”, “my pet’s name – Fred”, “my country of origin – Finland”, “my own name – Hattie”. Clearly workers are more loyal to their friends than their employer, with 51% admitting that they would download company information if asked to by a friend. Similarly, 42% would be happy to tell their friends their company password.The “computer scruples at work” survey showed how lax workers are in general about password security, with an ignorant lack of awareness or care, when it comes to protecting their companies information. Sixty-four per cent of workers said they had given their password to a colleague. One man replied, “I am the boss and everyone knows my password”, his IT Director standing next to him looked rather shocked at his MD’s answer. When asked the same question, the IT Director refused to give his password, he said “it would give admin rights to the whole system, I never divulge my password”. David Blackman, Director of Pentasafe Security Technologies Ltd and founder of www.humanfirewall.org said: “Chief Security Officers who are primarily members of our council know people are the “weakest link” so these findings are no surprise. As a pressure group we are doing everything we can to educate, campaign and learn from good practice to ensure that people are security conscious and respect their employers information.” Online security – how safe are your staff’s passwords?last_img read more

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Making the Ask (Quickguides)

first_imgMaking the Ask (Quickguides) 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. Howard Lake | 27 October 2007 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

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U.S. Implementing Tariffs on EU Products

first_img SHARE SHARE By NAFB News Service – Oct 3, 2019 U.S. Implementing Tariffs on EU Products Facebook Twitter The U.S. will place tariffs on European Union food products. Following a World Trade Organization win, the U.S. announced the new tariffs, expanding a trade war with the European Union. The U.S. won the largest arbitration award in WTO history of $7.5 billion in a dispute over illegal subsidies to Airbus.Countermeasure tariffs will be applied to a range of imports from EU Member States, with the bulk of the tariffs being applied to imports from France, Germany, Spain, and the United Kingdom – the four countries responsible for the illegal subsidies. The U.S. announced this week it will impose a 25 percent tariff on food products, including wine, scotch and cheese.The U.S. will also place a ten percent tariff on large civil aircraft products, and another 25 percent tariff on coffee, and some tools and machinery from Germany. USTR has the authority to apply a 100 percent tariff on affected products, and the authority to increase the tariffs at any time, or change the products affected. Home Indiana Agriculture News U.S. Implementing Tariffs on EU Products Previous articleUsing a Mix of Maturities will be a 2019 Season TakeawayNext articleMany Dairy Producers Missing Out on Dairy Margin Coverage Payouts NAFB News Service Facebook Twitterlast_img read more

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CFPB vs. PHH: Two-Year Battle Coming to a Head

first_img Tagged with: Americans for Financial Reform Brian Marshall CFPB Consumer Actions Consumer Financial Protection Bureau Court of Appeals for the District of Columbia Circuit Frank-Dodd Act Linda Sherry PHH Corporation President Trump Richard Cordray  Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Events, Featured, Government, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Previous: Foreclosures Hit 10-Year Low, Despite April Uptick Next: Buying Remains the Cheaper Option, but for How Long? About Author: Brianna Gilpin The highly anticipated hearing for the Consumer Financial Protection Bureau (CFPB) and PHH Corporation took place Wednesday in front of the Court of Appeals for the District of Columbia Circuit. The Court of Appeals agreed to revisit their October decision that the structure of leadership in CFPB is unconstitutional brought by PHH.In October, the three-judge panel for the U.S. Court of Appeals decided the agency was not organized under checks and balances and therefore had to strike “for cause” language out of the leadership structure originally obtained from the Dodd-Frank Act. CFPB challenged this verdict and successfully appealed for an “en banc” review, meaning all the judges on the Appeals Court would be in attendance for the rehearing.The broadest issue in the case, according to Brian Marshall, Policy Counsel for the Americans for Financial Reform, is whether CFPB is able to remain an independent agency headed by a single director. PHH, which is accused of overcharging its mortgage customers, is arguing that the CFPB cannot be independent and that it has to report directly to the president. The CFPB argued that Congress is able to structure independent agencies as it has with financial regulators for quite a long time and they maintain their independence by keeping their heads in place across administrations.“We think that [the case] is very similar to the Federal Trade Commission case that the Supreme Court ruled on over 80 years ago, and it’s very promising that the full court questioned the panel decision and is willing to take up the case,” Marshall said.Michael Barr, Professor and Faculty Advisor at the University of Michigan Law School and Gerald R. Ford School of Public Policy, said the thought that the CFPB should not be able to operate as an executive branch agency or as a multi-member commission is missing the point.“I think the Constitution requires agencies to be accountable but there are lots of ways to achieve that,” Barr said. “The CFPB, in my judgment, is an accountable and effective agency and one that is also independent, and I think that it should be affirmed.”If the court decides the CFPB is unconstitutional, the outcome will likely be striking the term “for cause”, however the change will give President Trump the option to fire Richard Cordray, CFBP Director, immediately.“The bureau’s first director, Richard Cordray, has been very fair in considering industry side of things all along,” Linda Sherry, Consumer Actions Director of National Priorities said. “He’s very measured in most of his actions that he takes and that the bureau takes.”Sherry said PHH, who brought the lawsuit in 2015, illegally referred consumers to mortgage insurers. This violates The Real Estate Settlement Procedures Act (RESPA), which holds that a mortgage company cannot receive kickbacks for loans that closed on or after a date in 2008.“I think the most important aspect of this is it’s calling into question the ability of the CFPB to do its work to protect consumers,” said Sherry. “It’s a red herring, basically, in some ways. It’s keeping the consumer bureau from doing its good work, taking resources from it in order to have to fight this sort of thing, and just appears to be politically motivated.”In the October hearing, the court wrote that because the director alone runs the agency without Presidential supervision, and in light of the CFPB’s broad authority over the U.S. economy, the Director has significantly more unilateral power than any single member of any other independent agency.“By “unilateral power,” we mean power that is not checked by the President or by other colleagues,” the court wrote. “Indeed, other than the President, the Director of the CFPB is the single most powerful official in the entire United States Government, at least when measured in terms of unilateral power.”Sherry hopes that the full panel does not agree with the smaller panel. She and the CFPB feel that they are constitutional because there is room for a director to be removed for cause and if companies do not like what the bureau does, they can take them to court.“It seems to us that there’s room for everyone to have their right heard in the end in this scenario in which a company may be unhappy with something that CFPB does,” Sherry said.According to Marshall, the hearing went well for those that believe the CFPB should continue to be independent.“The court seemed to recognize that a single director is highly accountable and, in fact, more accountable than a multi-member commission because you know who’s making the decisions and the president has the authority to remove that person if they’re doing a bad job. All in all I’m just very pleased with how the argument went,” Marshall said.Though a decision likely will not be made until 2018, comments from Wednesday’s hearing give a good look into the possibilities that are to come. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe May 24, 2017 2,523 Views Home / Daily Dose / CFPB vs. PHH: Two-Year Battle Coming to a Head Americans for Financial Reform Brian Marshall CFPB Consumer Actions Consumer Financial Protection Bureau Court of Appeals for the District of Columbia Circuit Frank-Dodd Act Linda Sherry PHH Corporation President Trump Richard Cordray 2017-05-24 Brianna Gilpin CFPB vs. PHH: Two-Year Battle Coming to a Head Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

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Fitch Addresses PHH, Ocwen

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Previous: McCarthy & Holthus Responds to Supreme Court Foreclosure Ruling Next: Fannie Mae on What Could Derail Spring Homebuyers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Investment, News, Secondary Market Tagged with: Fitch Ocwen PHH Ratings RMBS The Best Markets For Residential Property Investors 2 days ago Fitch Ocwen PHH Ratings RMBS 2019-03-20 Seth Welborn Home / Daily Dose / Fitch Addresses PHH, Ocwen Subscribe March 20, 2019 3,292 Views About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Fitch Ratings announced earlier this month that it does not expect to change any RMBS bond ratings in response to PHH Mortgage Corporation (PMC) assuming a mortgage sub-servicing role to Ocwen Loan Servicing (OLS). Earlier this year, Fitch also announced that the PMC merger with Homeward Residential would not impact RMBS ratings either.According to Fitch, Ocwen’s primary servicer ratings are currently ‘3-‘ with a Stable Outlook, while PMC’s primary servicer ratings are currently ‘3’ with a Stable Outlook. As of Dec. 31, 2018, Ocwen’s residential servicing portfolio consisted of approximately 1 million loans totaling $149 billion. This included approximately 785,000 loans totaling $114 billion in more than 2,800 non-agency RMBS transactions.Ocwen, along with Wells Fargo, was recently accused of exploiting homeowners during the financial crisis, and on Monday, a New York Federal Judge decided not to rule on the bids to toss out the proposed Employee Retirement Income Security Act (ERISA) class action suit.In March 2018, trustees of the United Food & Commercial Workers Union & Employers Midwest Pension Fund alleged that Ocwen had pushed homeowners into foreclosure during the financial crisis in 2007 and 2008, in order to profit off foreclosures, while Wells Fargo stood by instead of supervised.While the trustees have claimed that the conditions necessary to move forward with the ERISA claim, the judge stated that Ocwen and Wells Fargo had submitted evidence that suggested otherwise.U.S. District Judge Vernon S. Broderick tossed a number of the other dismissal arguments without prejudice to potentially be refiled after those motions were decided.”The [first amended complaint] also asserts that Ocwen ‘exercised sweeping, unchecked control of the management and disposition of securitized mortgages, and was a fiduciary under ERISA to the benefit plans that invested in those mortgages,'” the judge said. “Ocwen and Wells Fargo, however, have filed numerous exhibits in conjunction with their motions to dismiss, which cast considerable doubt on plaintiffs’ ability to support these allegations.”Find more from Fitch Ratings here. The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Post Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Fitch Addresses PHH, Ocwen Share Save Demand Propels Home Prices Upward 2 days agolast_img read more

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Eurozone facing up to another year of recession

first_img Eurozone facing up to another year of recession Facebook 75 positive cases of Covid confirmed in North Main Evening News, Sport and Obituaries Tuesday May 25th Facebook News RELATED ARTICLESMORE FROM AUTHOR Google+ The eurozone is facing another full year of recession in 2013, with economic output set to shrink by 0.3 percent.That’s on top of a 0.6-percent contraction last year.The European Commission, in its winter economic forecast, says we won’t return to growth until 2014.It’s also warning that up to 20 million people across the eurozone could face unemployment this year, when the number of those out of work hits 12.2 per cent, up from 11.4 percent last year. Pinterest Previous articleWinter School to discuss the future of the euroNext articleTwo in court on Roy Collins shooting charges News Highland Twittercenter_img Google+ Gardai continue to investigate Kilmacrennan fire By News Highland – February 22, 2013 Pinterest Twitter WhatsApp 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApplast_img read more

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