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Arm shares rise to eight-year high as new chip is unveiled

first_img Tags: NULL Arm shares rise to eight-year high as new chip is unveiled BRITISH chip designer Arm Holdings unveiled a new processor that could help it extend its dominance in mobile phones into new markets, sending its shares to a new eight-year high yesterday.Arm, led by chief executive Warren East, is making inroads into bigger rival Intel’s territory with design wins including Apple’s iPad tablet computer.Texas Instruments, Samsung and Ericsson are the first licensees for the A15 processor, codenamed “Eagle” and part of Arm’s Cortex family.Arm said it would deliver performance five times better than today’s advanced smartphone processors, and could be used in servers and wireless networking as well as phones. Shares in Arm rose to an eight-year high, reaching 416p before closing at 403p. whatsapp Thursday 9 September 2010 8:33 pm KCS-content Sharecenter_img Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndoFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleUndoYeah MotorCheck Out These Car Wraps, 20 Car Wraps That Had Us LaughingYeah MotorUndolast_img read more

Babcock upbeat despite defence cuts

first_imgTuesday 25 January 2011 3:55 am John Dunne Show Comments ▼ Defence group Babcock said third-quarter trade had been strong and that the outlook for 2011 and beyond was positive despite defence budget cuts.Babcock said its order book was stable at about £12bn and the year ahead was positive.It said its performance was driven by growth at its defence, security and marine units.The company, which last year bought out rival VT Group, said it was confident of achieving £50m of pre-tax savings from the deal and a run rate of £11m by the end of March.The Government slashed defence spending by eight per cent last year to help cut the budget deficit, but junior defence minister Peter Luff said last week that it would buy equipment from British firms.Babcock said in a statement: “We continue to be involved in positive dialogue with our key customers at the Ministry of Defence and with the Cabinet Office. We expect discussions with the Cabinet Office to be concluded by the end of the financial year.“We anticipate the outcome of the Comprehensive Spending Review and Strategic Defence and Security Review will lead to significant new outsourcing opportunities.” whatsapp Share whatsapp Babcock upbeat despite defence cuts More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more

Excelsior United Development Companies Limited (EUDC.mu) 2020 Annual Report

first_imgExcelsior United Development Companies Limited (EUDC.mu) listed on the Stock Exchange of Mauritius under the Retail sector has released it’s 2020 annual report.For more information about Excelsior United Development Companies Limited (EUDC.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Excelsior United Development Companies Limited (EUDC.mu) company page on AfricanFinancials.Document: Excelsior United Development Companies Limited (EUDC.mu)  2020 annual report.Company ProfileExcelsior United Development Companies Limited engages in the production, distribution and sale of alcoholic products such as rum, alcohol and vinegar products, in Mauritius and the Reunion island. The company operates through five segments which are, investments, property rental, beverages, commerce, and tourism segments. The Investments segment includes investments held in shares, the beverages segment is engaged in the production, import and sale of alcoholic products, the commerce segment is engaged in the import and distribution of tires, automotive lubricants and fire protection equipment and the Tourism segment is engaged in operating a hotel and provides travel and tourism services. Excelsior United Development Companies Limited operates through its subsidiaries Medine Distillery Company Limited, International Distillers (Mauritius) Limited, New Goodwill Company Limited, Concorde Tourist Guide Agency Limited, Southern Investments Limited and Compagnie Mauricienne de Commerce Limitee. Excelsior United Development Companies Limited is listed on the Stock Exchange of Mauritius.last_img read more

Stock investing: 3 of the best income shares I’d buy right now

first_img Rupert Hargreaves | Wednesday, 10th February, 2021 | More on: BHP IMB SMDS Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended DS Smith and Imperial Brands. 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. Our 6 ‘Best Buys Now’ Shares Stock investing can be challenging, especially when it comes to finding the market’s best income shares. Indeed, company dividends are never guaranteed. And chasing yield, or finding the stock’s with the highest dividend yields on the market, can be a risky strategy. A high dividend yield can often be a sign that the market doesn’t believe the payout is sustainable. With that in mind, here are three of the best income shares I’d buy right now. 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…Stock investing: the hunt for income Imperial Brands (LSE: IMB) might not be to everyone’s taste. The company is one of the world’s largest cigarette suppliers, which could put some investors off the business. Ethical considerations aside, the enterprise is highly cash generative. This suggests to me it can afford to return large amounts of cash to investors. At the time of writing, the stock supports a dividend yield of around 9.4%. That appears incredibly attractive in the current interest rate environment. However, the company is facing challenges. Cigarette sales around the world are falling, and Imperial’s attempt to diversify into so-called reduced-risk products hasn’t yet produced results management would have liked. These issues could put pressure on the dividend in future. Still, I’d buy the stock based on its current fundamentals. Income shares on offer I think there are lots of income stocks currently on offer in the FTSE 100. Two stock investing options that stand out to me right now are BHP (LSE: BHP) and DS Smith (LSE: SMDS). Both of these companies have their own unique qualities. BHP is the world’s largest mining group, and DS is one of the world’s largest suppliers of paper and packaging products. Both organisations can use their size to achieve economies of scale and produce better returns for investors. That doesn’t mean these companies are without their risks. Both are highly reliant on commodity prices, which can be incredibly volatile. This means profits can jump up and down from year to year, potentially reducing shareholder returns.Nevertheless, both companies are some of the best income shares on the current market, despite these risks. BHP offers a regular dividend yield of 3.3% while DS is projected to yield 2.2%. These yields may pale in comparison to that of Imperial Brands, but I don’t think it’s right to concentrate on yield alone.As mentioned above, buying shares with high yields could expose me to unnecessary risks. That’s why I’ve always focused on businesses like BHP and DS Smith.These firms may not have the highest yields on the market, but their size and competitive advantages should help them achieve steady growth year after year. This growth should support the companies’ dividend payouts to investors and give them headroom to expand the distributions.That’s why I’d buy these income shares for my portfolio today.  Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Simply click below to discover how you can take advantage of this. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Click here to get access to our presentation, and learn how to get the name of this ‘double agent’!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. Image source: Getty Images. Stock investing: 3 of the best income shares I’d buy right now 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 See all posts by Rupert Hargreaveslast_img read more

WDM launch press fundraising appeal over freezing debt repayments

first_imgWDM launch press fundraising appeal over freezing debt repayments Howard Lake | 5 January 2005 | News Tagged with: Individual giving AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The World Development Movement has launched a press fundraising campaign in response to Gordon Brown’s statement yesterday on the freezing of debt repayments.Debt campaigners the Jubilee Debt Campaign and the World Development Movement described the plan by world leaders, including Gordon Brown, to introduce a moratorium on debt repayments by tsunami-affected countries as “welcome but inadequate” saying that they need debt cancellation not just temporary relief from debt repayments.Speaking about the newspaper appeal which appeared in The Independent, Head of Fundraising and Supporter Relations at World Development Movement, Jonathan Dearth, said: “This is a new territory for us, but we intend to recruit new supporters to campaign against the government’s lack of action on dealing with poor country debt.” Advertisement  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Justice for Daunte Wright! Smash police terror!

first_imgOn April 11, police in Brooklyn Center, Minnesota, on the northwest border of Minneapolis, fatally shot a young Black man named Daunte Wright. According to witnesses, Daunte Wright was being stopped by Brooklyn Center police when he was shot by an officer. He then got back in his car and drove away, driving a few blocks before crashing the vehicle several blocks away. Carrying Black Lives Matter flags to denounce killing of Daunte Wright (inset photo), protesters are assaulted by police, April 11.According to the Washington Post, the police told his father, Aubrey Wright, that they stopped his son initially due to an air freshener allegedly blocking his rearview mirror. The father questioned the police motive since his son’s car windows were tinted. The police then claimed that they asked Wright to step out of his car for an “outstanding warrant” before he was killed. (April 12)  Police officials are now saying that the killing of Daunte Wright was an “accident” since the officer who shot him thought it was a taser.  This recent killing of the 20-year-old father of one child comes at a time where just 10 miles away, a white cop, Derek Chauvin, is in the middle of a trial to determine if he will be legally punished or not for murdering 46-year-old George Floyd, a Black man, in late May 2020, by kneeling on his neck for 9 minutes and 29 seconds. During the day following the murder, Daunte Wright’s mother, Katie Wright, asked people to come to the location where he was shot to demand answers as to what happened, but the crowd was quickly dispersed by the police.Later in the evening of April 11, hundreds of protesters marched on the Brooklyn Center police station. The police shot tear gas, marker impact rounds and rubber bullets at protesters, including media reporting from the street. One medic was reportedly hit with a rubber bullet. These protests led by anti-police terror organizers and activists lasted well into the morning of April 12, with sources such as Unicorn Riot reporting as late as 12:45 a.m. that local police, backed by the National Guard and the Minnesota State Patrol, were threatening to arrest all protesters, as well as the media. (tinyurl.com/yjg27uv3)This fascistic response to the uproar against terror against the Black Lives Matter movement proves further that police everywhere, the long arm of the capitalist-imperialist state — though decaying — are still terrorizing communities of the colonized and oppressed. And the struggle against them and the entire repressive state is intensifying further and further. Daunte Wright’s life matters! Hands off the protesters! Smash police terror Now! FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Joint appeal for the release of Le Quoc Quan

first_img April 7, 2021 Find out more December 4, 2013 – Updated on January 20, 2016 Joint appeal for the release of Le Quoc Quan Follow the news on Vietnam UN Rights Tribunal Calls for Release of Vietnamese Blogger Activist2 December 2013The detention of Vietnamese blogger, lawyer and human rights activist, Le Quoc Quan, has been condemned by a United Nations human rights tribunal as violating his right to freedom of expression and his right to a fair trial. The UN Working Group on Arbitrary Detention, a tribunal set up under the UN’s Human Rights Council, found that Le Quoc Quan had been targeted for his work as an activist and as a blogger and called for his immediate release or for his conviction to be reviewed by an independent court. It also recommended that Viet Nam should pay damages to Le Quoc Quan for his arbitrary detention.While Le Quoc Quan had been imprisoned for alleged tax evasion, the tribunal found that his detention might be “the result of his peaceful exercise of the rights and freedoms guaranteed under international human rights law” and “related to his blog articles on civil and political rights.” The tribunal added that “given Mr Quan’s history as a human rights defender and blogger, the real purpose of the detention and prosecution might eventually be to punish him for exercising his right (to freedom of expression) and to deter others from doing so.”The Working Group’s condemnation is in response to a petition filed by the Media Legal Defence Initiative, Media Defence-Southeast Asia, Lawyers for Lawyers, Avocats Sans Frontières, Front Line Defenders, Access, English PEN, Reporters Without Borders, the Electronic Frontier Foundation, ARTICLE 19, Index on Censorship and Lawyers’ Rights Watch Canada. These organisations now call on the government of Viet Nam to comply with the decision of the United Nations Working Group and release Le Quoc Quan immediately. They reiterate that the conviction and ongoing detention of Le Quoc Quan are arbitrary and violate his rights to freedom of expression, freedom of association, a fair trial and his rights as a human rights defender. The decision of the Working Group (A/HRC/WGAD/2013) can be downloaded from the website of the Media Legal Defence Initiative by clicking here. Notes to editors:• Le Quoc Quan was arrested on 27 December 2012 on baseless charges of tax evasion. Following his arrest, he was held incommunicado and denied permission to see his lawyer for two months. Repeated requests by his family to visit him were also denied. Mr Quan first saw a family member at his trial on 2 October 2013, at which he was convicted of evading corporate income tax and sentenced to 30 months imprisonment and a fine of 1.2 billion dong (approximately USD 59,000). He has appealed this decision.• The Vietnamese government has long persecuted Le Quoc Quan for his human rights work. In 2007, after representing numerous victims of human rights violations, he was disbarred from practicing as a lawyer on suspicion of engaging in “activities to overthrow the regime”. He has been arrested several times for continuing his human rights advocacy. Following an attack by unknown assailants in August 2012, he was hospitalised. The attack was never investigated by the police. For more information, please contact:• Nani Jansen, Senior Legal Counsel, Media Legal Defence Initiative: [email protected], +44 780 540 4089• Gail Davidson, Executive Director, Lawyers’ Rights Watch Canada: [email protected], +1 604 738 0338• Adrie van de Streek, Executive Director, Lawyers for Lawyers: [email protected] and +31 626 274 390• Jochai Ben-Avie, Policy Director, Access Now: [email protected] and +1 347 806 9531• HR Dipendra, Director, Media Defence – Southeast Asia: [email protected] and +60 13 366 1222• Eva Galperin, Senior Policy Analyst, Electronic Frontier Foundation: [email protected] and +1 415 436 9333• Benjamin Ismail, Head Asia-Pacific Desk, Reporters Without Borders: [email protected] and +33 1 44 83 84 84 • Mary Lawlor, Executive Director, Front Line Defenders: [email protected] • Cat Lucas, Writers at Risk Programme Manager, English PEN: [email protected] and +44 20 7324 2539• Nathalie Muller Sarallier, Avocats Sans Frontières Network: [email protected] and +33 5 34 31 78 50• Kirsty Hughes, Chief Executive, Index on Censorship:[email protected] • Thomas Hughes, Executive Director, Article 19:[email protected], +44 20 7324 2500PDF of the press release April 22, 2021 Find out more Receive email alerts News Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison VietnamAsia – Pacific Help by sharing this information Organisation RSF_en to go further Following UN Working Group on Arbitrary Detention determination that Vietnamese human rights lawyer Le Quoc Quan’s detention is illegal, Reporters Without Borders is publishing a joint appeal to the Vietnamese authorities by 12 NGOs that defend free speech and freedom of information. It stresses that his detention violates international legal standards and calls for his immediate release.————————–PRESS RELEASE April 27, 2021 Find out more Three more independent reporters arrested in Vietnam News News News VietnamAsia – Pacific RSF laureates support jailed Vietnamese journalist Pham Doan Tranglast_img read more

Bill Mandating the Formal, Final Demise of 710 Tunnel Demise Passes Assembly Transportation Committee on Monday

first_img Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes HerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked * Community News Subscribe Make a commentcenter_img Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 6 recommendedShareShareTweetSharePin it More Cool Stuff Left to right: Senator Portantino, Megan Foker, Board Co-Chair of the Pasadena Ronald McDonald House and Michelle Matthews, Executive Director of the Arlington GardenSB 7, authored by Pasadena-area Senator Anthony J. Portantino, passed the Assembly Transportation Committee on Monday. If approved by the full legislature, the bill would allow the purchase of surplus properties occupied by nonprofits along the former 710 freeway extension route at their current use value, and would prohibit Caltrans from implementing the tunnel or surface freeway options for the 710 gap closure.The bill is also a potential legislative fix for the state to return surplus freeway stubs back to local cities in the freeway corridor.“The formal end of the 710 has been 60 years in the making and I am very excited to see it one step closer to happening. I am particularly pleased to be following through on the commitment I made two years ago when negotiating the end to the 710 tunnel threat. The hope then was that the EIR certification would move us all in a new and collaborative direction that would take the freeway off the table and protect the nonprofits in the corridor. Today, that reality is within reach,” commented Senator Portantino.Senator Portantino has been a leading legislative opponent of the 710 freeway for 20 years. Upon being elected to the Senate in 2016, he sat down with the Brown administration to define the current course of action.Earlier in the year, he hosted a press conference for the release of the final EIR, which laid out the path. The Arlington Garden and the Pasadena Ronald McDonald House are positively impacted by SB 7 and had representatives in Sacramento offering their support for the bill.“The Pasadena Ronald McDonald House and Arlington Garden are two nonprofits that are very interested in seeing SB 7 pass. We are grateful to Senator Portantino for his support of our mission and those of the other nonprofits in our community. SB 7 is critical to the future success of all of us in Caltrans-owned properties,” added Megan Foker, Board Co-Chair of the Pasadena Ronald McDonald House and Michelle Matthews, Executive Director of the Arlington Garden. First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  Government Bill Mandating the Formal, Final Demise of 710 Tunnel Demise Passes Assembly Transportation Committee on Monday Published on Monday, July 1, 2019 | 2:40 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Millennials vs. Interest Rates

first_img in Daily Dose, Featured, Journal, Market Studies, News Borrowers Interest rates Millennials 2018-04-04 Seth Welborn April 4, 2018 2,738 Views 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. Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: The Industry Pulse: Updates on the New York Fed, Freddie Mac, and More … Next: Increasing Delinquencies Among Lower-Income Borrowers Could Forecast Problems The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Borrowers Interest rates Millennials Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Even with interest rates going up, millennials are still taking out loans for new homes, according to Ellie Mae. The Ellie Mae Millennial Tracker found that 83 percent of mortgage loans made to millennial buyers were for new home purchases, a two percent increase month over month, but a three percent decrease year over year.Meanwhile, interest rates have been on the rise. In February, interest rates went up from 4.24 percent to 4.39 percent month over month. While this seems to have pushed some buyers away, with non-millennial purchase loans declining from 57 percent of total closed purchase loans in December to 55 percent in February, millennials have been taking out more mortgage loans. According to February’s data, these loans average around $199,352 for male millennial borrowers and $189,084 for female millennial borrowers.According to Ellie Mae, these millennials prefer conventional loans over FHA loans, as 68 percent of loans to millennials in February were conventional loans. Ellie Mae notes that this is the highest percentage of conventional loans since 2016, while FHA loans were at their lowest of 28 percent.The high interest rates haven’t stalled closing times either: millennial homebuyers have been closing in the fastest times in two months. Purchase loans have been closing in an average of 41 days while refinance loans closed in an average of 43 days.“According to the U.S. Census, Millennials are now officially the largest group of homebuyers in the U.S.,” said Joe Tyrrell, EVP of Corporate Strategy for Ellie Mae. “Despite rising interest rates, we’re continuing to see Millennials exercise their purchase power across the United States as they represent 45 percent of total closed purchase loans in February. And with the spring homebuying season now underway, we’ll see if the activity increases for this growing group of homebuyers.” Home / Daily Dose / Millennials vs. Interest Rates Millennials vs. Interest Rates Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily last_img read more

What Weighs on Housing?

first_img Tagged with: mortgage Prices Sales September 17, 2019 1,183 Views Home / Daily Dose / What Weighs on Housing? Related Articles  Print This Post Consumer spending remains the primary driver of the current economic expansion, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Demand for homes is especially high, but limited supply continues to be a concern. The ESR believes that the Fed will cut interest rates two more times in 2019 but notes risks remain biased to the downside, as trade tensions, a potential no-deal Brexit, and other concerns weigh on the markets.The current low interest rate environment may be supportive of new construction, but according to the ESR Group, a low number of existing homes will lead to lower its existing sales growth forecast in 2019 to negative 0.3%. Total mortgage originations in 2019 are still expected to rise 11.6% year over year, due largely to another upward revision in projected refinance activity, which, according to the recently released Mortgage Lender Sentiment Survey, lenders now report as driving their surging profit margin outlooks.“Domestic economic data continue to paint a picture of generally positive fundamentals amid a backdrop of continued volatility and uncertainty,” said Fannie Mae SVP and Chief Economist Doug Duncan. “Consumer spending remains the engine driving the economy forward, but faltering business investment and worrying downside risks, including the ongoing trade tensions between the U.S. and China, could become a heavier weight on growth. It appears the Fed is prepared to help insure against downside risks by easing further, and we’re maintaining our forecast that the Committee will cut rates two more times in 2019 – this week and again in December.”“The housing story remains primarily one of imbalance between demand and supply,” continued Duncan. “Both our consumer and lender attitudinal surveys hit new highs this month due to near-historically low mortgage rates and generally favorable household balance sheets, but inventory constraints, particularly in the affordable space, continue to hold back housing market sales volume. Refreshingly, in the absence of existing stock, homebuilders appear to be increasingly focused on entry-level homes, as the median square footage of new single-family construction fell 4.3% in the second quarter.” Previous: California Faces Affordability Challenges Next: Low-Priced Rents Drive Growth in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. The Best Markets For Residential Property Investors 2 days ago What Weighs on Housing?center_img Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily mortgage Prices Sales 2019-09-17 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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