National Express given rail franchise reprieve

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp The new coalition government has given National Express a reprieve on the East Anglia rail franchise by granting an initial extension, the company said.National Express, which also runs the C2C franchise, said the Department for Transport had agreed an initial 28-week extension beyond the original expiry date of 31 March 2011.The previous Labour government had denied National Express an extension on the franchise until 2014 as a consequence of defaulting on the East Coast rail service in 2009. The new government, in power since May, had said in June however that it was postponing bids for rail franchises while it conducted a review of franchising policy. “We continue to explore opportunities to deliver our industry-leading rail performance across both our franchises beyond 2011,” chief executive Dean Finch said. whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushcenter_img Tuesday 14 September 2010 3:26 am Share National Express given rail franchise reprieve John Dunne Tags: NULLlast_img read more

Travelex wins Japanese deal

first_img whatsapp Travelex wins Japanese deal Travelex Global Business Payments, the cross-border payment services provider, has commenced international payments services for Rakuten Bank, part of the Rakuten Group and one of Japan’s leading e-commerce companies, through its GEO international payments platform.Travelex GEO offers customers, like Rakuten Bank, access to an international payment capability which allows payment in 67 currencies via an online platform. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Show Comments ▼ Tags: NULL Share whatsapp Monday 31 January 2011 9:02 pmlast_img read more

Rogers & Co Ltd ( Q12020 Interim Report

first_imgRogers & Co Ltd ( listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2020 interim results for the first quarter.For more information about Rogers & Co Ltd ( reports, abridged reports, interim earnings results and earnings presentations, visit the Rogers & Co Ltd ( company page on AfricanFinancials.Document: Rogers & Co Ltd (  2020 interim results for the first quarter.Company ProfileRogers & Co Limited is an international and investment services company  headquartered in Mauritius, that primarily focuses on operations in four markets which are, financial tech, hospitality, logistics and property where the company provides services such as fiduciary, outsourcing, and consulting services, such as tax advisory, captive insurance management, fund administration, and actuarial services, technology services, including integrated business solutions, cloud computing, unified communications and collaboration, and mobile and converged connectivity services and financial services. Rogers & Co Limited operates through the following segments, aviation, financial services, hospitality, logistics, property, real estate and agribusiness, technology, corporate office, and corporate treasury. Rogers & Co limited is listed on the Stock Exchange of Mauritius.last_img read more

Mashonaland Holdings Limited ( Q22020 Interim Report

first_imgMashonaland Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Property sector has released it’s 2020 interim results for the second quarter.For more information about Mashonaland Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mashonaland Holdings Limited ( company page on AfricanFinancials.Document: Mashonaland Holdings Limited (  2020 interim results for the second quarter.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>Company ProfileMashonaland Holdings Limited is a property investment and development company in Zimbabwe, providing solutions to the retail, commercial and industrial sector. The Office/Retail division acquires, develops and leases warehouse and factories and the Pure Retail acquires, develops and leases retail outlets; with other divisions involved in acquiring, letting and managing residential and specialised property aswell as undeveloped land. Mashonaland Holdings Limited owns an in-house management division responsible for letting and maintaining privately-owned properties; and a property research and development division which identifies potential property investments and development opportunities. A financial division maintains company accounts according to regulatory accounting standards, invests funds in approved instruments and acquires properties for shareholder investments. Mashonaland Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

How I plan to beat the State Pension with the FTSE 100

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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 At less than £9,000 per year, many retires might find it challenging to live off the State Pension alone. As such, building a separate retirement pot makes a lot of sense.Investing in the FTSE 100 is a great way to build a savings nest egg and generate a passive income to live off in retirement, boosting your financial prospects.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…You can also take advantage of easy-to-set-up pension accounts such as SIPPs, which offer tax benefits and a government bonus on any contribution to help speed up your savings plans.A global indexSince its inception in 1984, the FTSE 100 has produced a total annual return of 9%. This might not seem like a lot at first, but when compounded over the long term, this rate of return can turn even modest sums into a sizeable nest egg.In addition, investors can take advantage of the tax benefits offered by a SIPP. Any money paid into a SIPP is entitled to tax relief up to your marginal tax rate, that’s 20% for basic rate taxpayers. Tax relief is available on contributions up to £40,000.On top of this, any capital gains or income received on investments inside a SIPP are tax-free, although you will have to pay tax on any money withdrawn.This tax relief can be really helpful when planning for the future.For example, a basic rate taxpayer aged 30 who invests £100 a month into the FTSE 100 via a SIPP would receive a government top-up of £25. Including this tax bonus, annual contributions would amount to £1,500.From a standing start, this saver would be able to build a savings pot worth £370,000 by age 65. From this, an annual income of over £15,910 could be generated from the FTSE 100 based on its present dividend yield of 4.3%.Long-term investmentWhile political and economic uncertainty might make it seem like the FTSE 100 is a risky investment today, over the long term, the prospects for the UK and global economy seem bright.The FTSE 100 is a truly global index, with around 70% of its profits coming from outside the UK. Therefore, the index could provide insulation against economic issues caused by Brexit.What’s more, many of the companies that make up the index report profits in dollars, so investors should benefit if the value of the pound falls further.Low-cost fundThe best way to get exposure to the FTSE 100 is to buy a low-cost tracker fund. Today, you can do this relatively quickly, and most SIPP providers allow monthly investment plans into passive tracker funds, meaning that you have to do no work whatsoever.With the State Pension age set to rise over the next few decades, building your own pension savings with the FTSE 100 might be the best way to beat the State Pension and retire in comfort on your terms. “This Stock Could Be Like Buying Amazon in 1997” 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. How I plan to beat the State Pension with the FTSE 100 Rupert Hargreaves | Saturday, 11th January, 2020 center_img Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaveslast_img read more

Ireland 21-23 South Africa

first_imgAn Ireland performance riddled with mistakes was not enough to see off South Africa, who won today’s game 23-21.Despite 13 injuries to their side the Springboks were as physical as ever in the scrum, with Tony Buckley having a terrible time at the hands of Tendai “Beast” Mtawarira.Matfield and Botha also worked their magic in the lineout, and Matfield spoke of how much Ireland were missing injured Paul O’Connell to run that aspect of their game.Tomas O’Leary was also missed at scrum-half, with Reddan struggling to provide quick ball. His pass was also intercepted by Juan Smith who scored South Africa’s first try. It’s notable that Ireland’s performance picked up considerably when O’Gara and Stringer came on with 14 minutes to play – Ireland’s two tries were scored in this time.Ultimately Ireland’s mistakes cost them the game – they were always chasing the game, and left themselves too much to do to catch the Springboks.If Ireland had problems with their performance on the pitch today it was nothing compared to what was happening off it. Just 35,517 turned out for today’s game thanks to a poor ticketing strategy by the IRFU (the ground holds 51,000) and those who were there were deathly quiet for 70 minutes. They picked up at the end along with Ireland’s performance, but O’Gara admitted after the game that they’d missed the crowd, and had to find a way to get them going and supporting the team.Ireland marked the occasion of their first Test at the Aviva Stadium by wearing a commemorative shirt, but they kept ripping and referee Nigel Owens asked a few players to change them in the first half. The whole team then came on in their normal home shirts for the second half.Declan Kidney now has the difficult task of choosing a team for next week’s game against Samoa. You would think that some key players will be rested, but Ireland can’t afford another loss, especially before playing the All Blacks on 20 November.Who would you pick for next week’s game? What do you think of the new Aviva Stadium?Ireland (6) 21 LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Tries: Bowe, Kearney Cons: O’Gara Pens: Sexton 3South Africa (13) 23Tries: Smith, Aplon Cons: Steyn, Lambie Pens: Steyn 3 Sin bin: Habana (76)Ireland: Kearney (Earls 75); Bowe, B O’Driscoll, D’Arcy, Fitzgerald; Sexton (O’Gara 66), Reddan (Stringer 66); Healy, Best, Buckley (Court 51), O’Callaghan, M O’Driscoll (Ryan 63), Ferris, D. Wallace, HeaslipNot used: Cronin, LeamySouth Africa: Aplon; Basson, Kirchner, de Villiers (Jacobs 67), Habana; M Steyn (Lambie 59), Pienaar; Mtawarira, B du Plessis, J du Plessis (van der Linde 71), Botha (van der Merwe 71), Matfield, Stegmann (Daniel 66), Smith, SpiesNot Used: Ralepelle, Hougaardcenter_img Att: 35,517Ref: Nigel Owens (Wales)last_img read more

Domestic Poverty Ministry Grants announced

first_img General Convention, Press Release Service Rector Tampa, FL The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Tags AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Posted Jun 24, 2015 General Convention 2015 Bishop Diocesan Springfield, IL Director of Music Morristown, NJ Rector Washington, DC Director of Administration & Finance Atlanta, GA Associate Rector for Family Ministries Anchorage, AK Assistant/Associate Rector Morristown, NJ Associate Priest for Pastoral Care New York, NY Episcopal Office of Public Affairs, An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Assistant/Associate Priest Scottsdale, AZ Rector Hopkinsville, KY Rector Smithfield, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Missioner for Disaster Resilience Sacramento, CA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest New Berrigan Book With Episcopal Roots Cascade Books Assistant/Associate Rector Washington, DC Priest Associate or Director of Adult Ministries Greenville, SC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Knoxville, TN Domestic Poverty Ministry Grants announced Record number of applications submitted Submit an Event Listing Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Press Release [Episcopal Church Office of Public Affairs press release] The five recipients of the Domestic Poverty Ministry Grants have been announced by Samuel McDonald, Deputy Chief Operating Officer and Director of Mission for the Domestic and Foreign Missionary Society.The five grants, totaling $103,000, represent ministry focusing on Mark IV of the Anglican Marks of Mission: To seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation.“There clearly is a tremendous depth of energy and commitment across The Episcopal Church to help transform unjust structures in our society by ministering among the economically impoverished,” McDonald said.The recipients are:• The Diocese of Arkansas – St. Paul’s Episcopal Church, Fayetteville – Magdalene-Fayetteville – $9,500• The Diocese of Minnesota – Engaging Low-Income, Isolated Young Adults – $23,450• Navajoland Area Mission – Developing Advocacy Among the Dine’ – $22,450• The Diocese of Rochester – St. Stephen’s Episcopal Church, Rochester – [email protected] – $30,000• The Diocese of Southern Ohio – St. John’s Episcopal Church, Columbus – Transforming a Community – $17,600The grants center on new or revitalized efforts in domestic poverty ministry. The purpose of the grants is to engage Episcopalians in ministry among the economically impoverished in the United States; to provide opportunity to the marginalized to overcome chronic adversities; to challenge unjust structures that perpetuate the cycle of poverty; and to inspire the wider church to more deeply engage with the poor.A committee of lay and clergy from across the Church read and evaluated the 129 applications, a record number received for these grants, reflecting a total of $2.7 million in requests. “It was a difficult discernment process, as there were so many well-qualified programs seeking funds,” noted the Rev. Canon Mark Stevenson, domestic poverty missioner for the Domestic and Foreign Missionary Society. “The high quality of the applications was a truly joyful thing to witness.”For additional information, contact Stevenson, [email protected] at General ConventionDuring General Convention 2015, Stevenson will facilitate a discussion on Wednesday, June 24 on the outreach of the domestic-poverty ministry with members of the Domestic and Foreign Missionary Society fellows, individuals who received either a one-year or two-year grant, approved by the Executive Council, for work focusing on Anglican Marks of Mission Mark IV and Mark V. The free event will be held 12:15 pm – 1:15 pm Mountain in the exhibit space of the Domestic and Foreign Missionary Society. The Domestic and Foreign Missionary exhibit space is located in a prominent place in the hall marked by banners in three languages.Stevenson will be available to discuss the partnership with Episcopal Relief & Development on the Episcopal Asset Map.Mark IV: To seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliationMark V: To strive to safeguard the integrity of creation and sustain and renew the life of the earthThe Episcopal Church’s General Convention is held every three years, and is the bicameral governing body of the Church. It comprises the House of Bishops, with upwards of 200 active and retired bishops, and the House of Deputies, with clergy and lay deputies elected from the 108 dioceses and three regional areas of the Church, at more than 800 members. Course Director Jerusalem, Israel Cathedral Dean Boise, ID Youth Minister Lorton, VA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Canon for Family Ministry Jackson, MS Featured Events Rector (FT or PT) Indian River, MI Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Belleville, IL Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Priest-in-Charge Lebanon, OH Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Featured Jobs & Calls Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Martinsville, VA Rector Albany, NY Curate Diocese of Nebraska Rector Collierville, TN Rector and Chaplain Eugene, OR Rector Shreveport, LA Rector/Priest in Charge (PT) Lisbon, ME In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Pittsburgh, PA The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Submit a Job Listing Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Bath, NC Family Ministry Coordinator Baton Rouge, LA Associate Rector Columbus, GA last_img read more

Centre for Philanthropy launches free fundraising course online

first_img Melanie May | 28 May 2020 | News  2,035 total views,  2 views today Tagged with: FREE Training AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4  2,036 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4center_img The University of Kent’s Centre for Philanthropy is aiming to help small charities, non-profit organisations, and community and volunteer-led groups fundraise more effectively with a new, free, online course.The course, ‘How to Fundraise: A Guide to Fundraising for Non-Fundraisers’, is a MOOC (Massive Open Online Course). It goes live online on 8 June 2020 and people can sign up now.Over the course of three weeks, it will help individuals design sustainable fundraising strategies using insights from evidence-based research on the motivations behind donor giving, and develop skills in fundraising management along with an understanding of the resource and finance required to support the long-term fundraising goals of their organisation.Topics covered include:Why and how people give to charity, as well as other sources of voluntary funding and how to access it.How emotional and socially sensitive fundraising facilitates effective giving to your organisation.Preparing your organisation or group to fundraise effectively – establishing how much time and money you will need and who will need to be involved.Creating and communicating your own fundraising story.Receiving donations and looking after your donors well.Developing a sustainable, long-term fundraising plan suited to your needs.Dr Lesley Alborough, Research Fellow at the Centre for Philanthropy, said:“As many charities, community groups and non-profit organisations look to recover from the additional financial challenges presented during the Covid-19 pandemic, this MOOC will provide essential advice and guidance to help them get back on track with fundraising. The best fundraising strategies emotionally and socially resonate with donors, volunteers and staff alike and we aim to help more organisations identify how to engage with their individual supporters.” Advertisement Centre for Philanthropy launches free fundraising course online 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 read more

Journalist murdered in Kigali

first_img November 27, 2020 Find out more Receive email alerts Follow the news on Rwanda Organisation Reports Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent BBC Africa’s “disproportionate and dangerous” dismissal of a journalist RwandaAfrica Help by sharing this information RSF calls on the internal security and justice ministers to launch a speedy and impartial inquiry about the murder of Jean-Marie Hategekimana, journalist with the state-owned weekly Imvaho. There is so far no indication whether he was shot because he was a journalist. News RSF_en RwandaAfrica Reporters Without Borders (Reporters sans frontiers – RSF) expressed its great concern to the Rwandan government today about the murder of a local journalist in the capital, Kigali, and called for a speedy and impartial enquiry. “This killing must on no account go unpunished,” said RSF secretary-general Robert Ménard in letters to Rwanda’s internal security minister, Jean de Dieu Ntiruhungwa, and justice minister Jean de Dieu Mucyo, noting that during the 1994 Rwandan genocide, about 50 journalists were murdered and another in 1997.RSF learns that journalist Jean-Marie Hategekimana, of the government weekly Imvaho, was murdered on the night of 11-12 March in a bar in the Gatenga quarter of the capital along with three other people. The journalist was talking with the three, including an official of the Ibuka group of associations of genocide survivors, when two gunmen burst in and tried to rob them. They then shot them and fled. The four victims were found to be dead on arrival in hospital.There is so far no indication whether Jean-Marie Hategekimana, who was buried on 14 March, was especially targeted or was shot because he was a journalist. to go further April 6, 2020 Find out more The 2020 pandemic has challenged press freedom in Africa March 15, 2002 – Updated on January 20, 2016 Journalist murdered in Kigali News News February 13, 2020 Find out morelast_img read more

Leading Dems Seeking Funds for Servicers

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago April 17, 2020 1,360 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Federal Reserve housing market 2020 Mortgage Servicers 2020-04-17 Mike Albanese About Author: Mike Albanese Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Share Save Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Tagged with: Federal Reserve housing market 2020 Mortgage Servicers Sign up for DS News Daily Bloomberg reports that several Democrats with the U.S. House and Senate are requesting Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell to provide funds to mortgage servicers. “The Fed and Treasury should use powers given to them under recent stimulus measures to provide liquidity to servicers facing shortfalls,” House Financial Services Chairwoman Maxine Waters and Sherrod Brown, the top Democrat on the Senate Banking Committee, said in a letter Wednesday. Steps that government-sponsored Ginnie Mae has taken may not be enough, the lawmakers wrote.“Mortgage servicers are expected to face increased strain as millions of homeowners and renters lose jobs, are furloughed, or see reduced hours, all of which will keep them from making mortgage and rent payments, as a result of this public health crisis,” the letter states. “We must not allow the pandemic to destabilize critical markets, including our housing market.”Ginnie Mae recently announced an All Participants Memorandum (APM)], expanding its servicer assistance program in response to the spread of COVID-19. The APM introduces a new version of the existing Pass-Through Assistance Program (PTAP) for servicers facing a temporary liquidity shortfall related to coronavirus. Ginnie Mae states the application of the PTAP to the  COVID-19 National Emergency allows servicers to apply for assistance meeting their contractual obligations to make “timely and full principal and interest payments” due to mortgage-backed securities (MBS) holders without being held in default.“This assistance is intended to minimize disruptions in the mortgage servicing and MBS capital markets as borrower forbearance and loss mitigation programs are implemented to provide relief to homeowners affected by the COVID-19 National Emergency,” the release states. Democrats aren’t the only ones requesting funds to aid servicers, as 20 Republican members of the House of Representatives also sent a letter to Mnuchin requesting assistance to servicers. “The mortgage industry cannot shoulder the entire onus of government actions to protect American homeowners impacted by COVID-19 when it does not have access to needed liquidity to execute on those government actions,” the letter states. The letter continued by saying, “the best way to protect the American taxpayer would be to create a facility now—in hope that it never needs to be used—than to wait for a market disruption when it may be too late. The mere creation of such a facility may provide a level of support to the market without its even being utilized.”Bloomberg reports that Powell said last week that the Fed is watching the situation carefully, and Mnuchin said earlier this week that the Treasury is “going to make sure that the market functions properly.”Additionally, Benjamin Carson, Secretary of the U.S. Housing and Urban Development said that money should be set aside to help mortgage-servicing companies that are at risk due to millions of borrowers missing payments. “Obviously, we want there to be money to help the servicers of these mortgages because some of them don’t have deep pockets,” Carson said in a Thursday interview with Fox News. “The housing-finance structure needs to be maintained. It’s not just the people who took out the mortgage.”A new survey by the Mortgage Bankers Association (MBA) found that the number of home loans in forbearance rose from 2.73% to 3.74% during the week of March 30 to April 5.  The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Leading Dems Seeking Funds for Servicers Demand Propels Home Prices Upward 2 days ago Previous: Wells Fargo Nears $18.5M Foreclosure Settlement Next: With Your Permission: Data and Default Servicing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Leading Dems Seeking Funds for Servicerslast_img read more