BSkyB hits 10m customer target

first_img Share BSkyB has hit its long-held aim of 10 million customers, making it the choice of 36 per cent of households in the UK and Ireland.BSkyB, which provides pay-TV, broadband and telephony, set the target in 2004, to initial scepticism from analysts who thought it would be too tough.“To be the choice of 10 million families is a big achievement for the whole team at Sky,” chief executive Jeremy Darroch said in a statement.“Sky has always been a forward-looking company and we will push on from here by continuing to invest in content and innovation. That’s the best way to satisfy existing customers and create new reasons for people to join in and take more from us.” whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼center_img Tags: NULL Monday 8 November 2010 2:58 am BSkyB hits 10m customer target by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory John Dunne last_img read more

Long House / TWS & Partners

first_img Long House / TWS & Partners Photographs Lead Architect: Houses “COPY” Long House / TWS & PartnersSave this projectSaveLong House / TWS & Partners Save this picture!© Fernando Gomulya+ 16Curated by Fernanda Castro Share Area:  665 m² Year Completion year of this architecture project “COPY” Manufacturers: Dulux, Toto, dormakaba, Aluplus, Niro granite Architects: TWS & Partners Area Area of this architecture project Projects 2016 ArchDaily ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs:  Fernando Gomulya Manufacturers Brands with products used in this architecture project CopyHouses•Kota Bandung, Indonesia Contractor:Tan Sie SiongCity:Kota BandungCountry:IndonesiaMore SpecsLess SpecsSave this picture!© Fernando GomulyaRecommended ProductsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsWindowsVEKAWindows – SOFTLINE 82 ADWoodEGGERLaminatesWoodLunawoodThermowood FacadesText description provided by the architects. The Long House is located in a housing area in the North of Bandung City, surrounded by old fancy houses and lots of trees. Sited far away from the city’s heavy traffic, the Long House becomes a comfortable place to settle. In response to those advantages, the building is designed to receive a sufficient amount of natural light and views to the outside. The building mass is designed to be slightly tilted in order to create a different building image from the surrounding neighborhood.Save this picture!© Fernando GomulyaSave this picture!Ground Floor PlanSave this picture!© Fernando GomulyaThe building consists of three massing stacked up together and creates H-shape form from the top view. The first massing is placed on the ground floor, transverse to the site configuration whereas the other two massing on the upper floor is placed perpendicular to the first massing. The building itself is named as Long House because of its long and horizontal shape. The living room, dining room, and dry kitchen are designed without the use of partition to make the space more spacious.Save this picture!© Fernando GomulyaExtensive use of reinforced glass as its enclosure enhances the space to be more open and provides a natural ventilation system. To improve the natural cooling system in the building, the water pond is added to reinforce the cooling system naturally. A large number of openings also provide more outdoor views for the owner to enjoy the outdoor features such as vegetation and the sound of water creating a tranquil atmosphere. Different kinds of vegetation are also used to surround the building. Save this picture!© Fernando GomulyaLong House is mostly constructed with concrete and wood as its main material. The combination of concrete and wood is to create the tropical and modern atmosphere inside and outside the building. The white concrete wall represents the modernity and is being used because of its rigidity and durability. On the other side, wood represents locality and authenticity.Save this picture!© Fernando GomulyaProject gallerySee allShow lessCare Lab / dmvASelected ProjectsEye-D / OfistSelected Projects Share Indonesia Year:  Tonny Wirawan Suriadjaja ShareFacebookTwitterPinterestWhatsappMailOr Clipboard CopyAbout this officeTWS & PartnersOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesKota BandungIndonesiaPublished on August 11, 2018Cite: “Long House / TWS & Partners” 11 Aug 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSun Control Window Film in MarkthalSinkshansgroheBasin FaucetsPaintSTAC BONDComposite Panel Finishes – MetallicsConcreteKrytonConcrete Hardening – Hard-CemSkylightsLAMILUXGlass Skylight FE PassivhausLightsLouis PoulsenOutdoor Lighting – Flindt GardenWindowsVEKAWindows – SOFTLINE 70 ADUrban ShadingPunto DesignPavilion – CUBEDoorsLinvisibileLinvisibile FILO 10 Hinged Door | AlbaWoodHESS TIMBERTimber – GLT BlockGreen FacadesSempergreenLiving Wall – SemperGreenwallMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

National Plan gets mixed reactions in Limerick

first_img Previous articleChildren wait 18 months for hospital appointments in LimerickNext articleRegion will ‘press on regardless’ of missed opportunities Staff Reporter WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Advertisement RELATED ARTICLESMORE FROM AUTHOR Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Twitter Limerick Ladies National Football League opener to be streamed live Linkedin Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Emailcenter_img Limerick Fine Gael TD and Minister of State Patrick O’DonovanCRITICS of the National Development Strategy should outline what Limerick projects they would scrap in a bid to better the €116 billion portfolio of work.That’s according to Minister of State at the Department of Finance Patrick O’Donovan, who said that he has heard a lot of “talk” from political parties and critics of the 2040 National Development Plan.Capital investments around the country have been outlined in the plan including a new maternity hospital for Limerick and several infrastructural road projects, The entire plan will see €116 billion spent on projects over the next 20 years.Sign up for the weekly Limerick Post newsletter Sign Up Details were unveiled alongside the National Planning Framework which sets out Government’s vision for the country for the same period.“Are you going to take out the Adare bypass; are you going to take out the maternity hospital; are you going to take out the Newcastle West and Abbeyfeale bypasses or are you going to take out the M20?” Minister O’Donovan said.The Minister said that there can’t be any more money allocated because Government has to borrow under fiscal rules.Meantime, Limerick Labour TD and Party Spokesperson on Housing, Planning and Local Government Jan O’Sullivan called for a united approach to fight for the resources needed to grow the city to its potential.“While I welcome the inclusion of the M20 and the re-location of the maternity hospital, we have to fight for a lot more than those two projects. It is not either/or when it comes to investment in the M20 or the infrastructure the city needs. The most the M20 is projected to cost is €900 million while the rail link in North Dublin is going to cost €3 billion. Where is the balance in that?Deputy O’Sullivan suggested that the validity of the M20 project was jeopardised when Edgar Morgenroth “threw a spanner in the works last week when he implied that we couldn’t have the road to Cork and investment in the city. That needs to be challenged strongly. Limerick has the industrial and educational base required to be a real growth centre.Locating the new National Regeneration and Development Agency in Limerick as part of the policy plan to locate new State agencies outside of Dublin needs to be addressed, Deputy O’Sullivan said adding that she would be raising this in the Dáil.Shannon Airport “is completely neglected” in the plan, said Deputy O’Sullivan. “Other airports in the West, with far less strategic importance, are to get funding, not to mention an extra runway for in Dublin.“Why can’t Shannon, with its spare capacity, be that extra runway? That would really provide radical thinking and real rebalancing”.Concluding a strongly worded retort to the national plan, Deputy O’Sullivan said that the proposals do not adequately address the regional imbalance between the greater Dublin area and the rest of the country.“There is real potential to develop Limerick and the Mid West as a strong and sustainable growth centre and the plan is hugely disappointing in the level of its ambition for or region and our city.”However, the local authority is of the viewpoint that Limerick’s ambitious plans for its rejuvenation and development have been copper fastened in the Government’s 20 year outlook.Conn Murray, Chief Executive of Limerick City and County Council said: “Limerick City and County Council welcomes the commitment by the government to fund our ambitious plans to develop and enhance the city and county. While a strong city is crucial to the development of the region, we recognise and welcome the plans to revitalise rural towns and villages.Overall the National Planning Framework (NPF) projects that the population of Limerick city and its environs will grow by between 50 and 55,000 people by 2040 to a total population of 150,000.Maria Woods, Senior Planner with Limerick City and County Council said: “One of the aims of the NPF is to address regional imbalance between the greater Dublin area and the rest of the country, however, we are concerned that the plan outlined by the government means that the status quo will remain in terms of population distribution across the country.”Echoing the sentiment, Ibec Mid-West and Kerry Regional Director Mairead Crosby stated that “Investment in the public transport network, extending the ambition of the Limerick 2030 plan to include extension of the city centre towards Limerick Docks; the reinstatement of the Limerick-Foynes rail line as part of the overall expansion of Shannon Foynes Port, investment in the region’s higher education institutions, continued investment in the Limerick regeneration programme and a metropolitan area strategic plan for the Limerick-Shannon area, will increase existing capacity and accelerate regional growth.Speaking on the plans included for the University Hospitals Group, Prof Colette Cowan, CEO said that the announcement was a “signal day” for the hospitals group“Project Ireland 2040 represents a commitment to the two most significant outstanding capital projects we have presented to government in recent years, the 96-bed ward block at UHL and the relocation of University Maternity Hospital Limerick to the UHL site.Citing “demographic pressures alone”, Professor Cowan said there is a “plain requirement for more inpatient accommodation”, as she welcomed the relocation of the maternity hospital. Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Limerick’s National Camogie League double header to be streamed live NewsNational Plan gets mixed reactions in LimerickBy Staff Reporter – February 22, 2018 2143 Print WhatsApp TAGSlimerickMinister Patrick O’DonovanNational Development Plan Facebooklast_img read more

Aerial circus goes flying for FUNds

first_img“ONCE you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return.”It’s very likely that the Irish Aerial Creation Centre (IACC) would agree with these words from the great Leonardo da Vinci.Sign up for the weekly Limerick Post newsletter Sign Up Based in the Burlington Business Park in Corbally, the IACC is Ireland’s first purpose-fitted space for aerial dance and home to Fidget Feet Aerial Dance Theatre.In the four years since the not-for-profit organisation has been open, the centre offers daily community classes for all ages, children up to adults as well as running professional training and residency opportunities for Irish and international artists.The IACC also works with the Irish World Academy of Music and Dance at the University Limerick, providing aerial modules to BA and MA students from the Academy who choose aerial as an elective.Founder and chief executive of the IACC, Chantal McCormick says Limerick has become the centre of aerial circus and is committed to continuing to be the home for aerial circus in Ireland.“In 2014, we officially moved to Limerick and opened Ireland’s first purpose fitted training centre, to teach people aerial circus. Since then we have taught thousands of people and want to continue doing this,” Chantal added.The IACC will hold a fundraising event on Saturday, December 15 at 6.30pm with all money raised going to ensure that the centre stays open and continues to be a home for children, adults and professionals with a dream if learning how to fly, whether it’s on an aerial hoop, trapeze, silks, vertical dance, or some of the other spectacular skills practiced by Fidget Feet.“Everyone dreams of flying, so come join us and help us to ensure the IACC stays open and continues to be the centre in your community to learn, create and fly,” Chantal explains.Tickets are on sale now. Children are admitted free when accompanied by an adult. For more details log onto TAGSartsentertainmentFundraiserLimerick City and Countyperformancevideo Advertisement LifestyleArtsEntertainmentNewsVideoAerial circus goes flying for FUNdsBy Alan Jacques – November 28, 2018 787 Limerick on Covid watch list Twitter Previous articleSkate on over to the Bunratty Christmas pantomimeNext articleUHL gets worst hospital rating in the country Alan Jacques Linkedin WhatsApp Facebookcenter_img Email Population of Mid West region increased by more than 3,000 in past year TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Is Aer Lingus taking flight from Shannon? Belltable:Connect invites applications for Translating Live to Online Workshops this Autumn RELATED ARTICLESMORE FROM AUTHOR Printlast_img read more

Opportunities Still Exist for Real Estate Investors Despite Foreclosure Inventory Decline

first_img Related Articles HomeVestors Investing Local Market Monitor Real Estate Investors Single-Family Rental Properties 2015-07-06 Brian Honea Previous: Delinquency Rate Sees Largest Monthly Increase Since November 2014 Next: House Committee Schedules Hearings Marking Anniversary of Dodd-Frank Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HomeVestors Investing Local Market Monitor Real Estate Investors Single-Family Rental Properties The Best Markets For Residential Property Investors 2 days ago Opportunities Still Exist for Real Estate Investors Despite Foreclosure Inventory Decline Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. July 6, 2015 2,220 Views Servicers Navigate the Post-Pandemic World 2 days ago About Author: Xhevrije West Home / Daily Dose / Opportunities Still Exist for Real Estate Investors Despite Foreclosure Inventory Decline Many opportunities still exist for real estate investors to acquire properties despite the decrease in inventory of foreclosed homes, according to new quarterly data from HomeVestors, the ‘We Buy Ugly Houses’ organization, and Local Market Monitor, a real estate forecasting solution.The data points out markets that will make profitable rental markets and where home prices are likely to increase at a good rate over the next few years. These markets must have a population that is growing at a rate of 4 percent or better with people coming into the area in search of jobs. Additionally, the current job growth rate must be 2 percent or better and unemployment must be low.“For the last few years, investors have been able to find real estate bargains they could turn into rental properties. That period is pretty much over—the inventory of foreclosed homes has been picked fairly clean, at least in the larger markets,” said Ingo Winzer, president and founder of Local Market Monitor. “You don’t need a bargain in order to make a good real estate investment. Demand for rentals continues to increase in many markets, while homeownership erodes. It’s strongest in those markets growing the fastest, which describes our Top 10 list.”According to the data, Denver, Colorado leads the top 10 list for real estate investing, while Texas dominates the top 10 holding four spots. Dallas, Texas came in second on the list, Houston, Texas in third, Austin, Texas at fourth, and San Antonio, Texas came in seventh. Seattle, Washington finished out the top 5 for real estate investing.“Job and population growth spurs great conditions for investing in single family rental properties,” said David Hicks, HomeVestors co-president. “Places like Austin, whose population growth is triple the national average, continue to grow and create a bigger demand for real estate. The lack of foreclosure inventory may also explain the current record number of HomeVestors franchises. Increasingly, independent investors are looking to HomeVestors’ We Buy Ugly Houses trademark to generate a consistent flow of motivated seller leads”Southern cities rounded out the top 10 best cities for real estate investing with Orlando, Florida in sixth place, Charleston, South Carolina in eighth, Nashville, Tennessee at ninth, and Raleigh, North Carolina in tenth place.“There are still some bargains to be found in these cities, particularly in Orlando, Nashville, and Raleigh. Charleston is the smallest market among our Top 10, but it’s ideal for attracting vacation renters and retirees,” said Ken Channell, HomeVestors co-president. “Although home prices have increased moderately in many parts on the country, there are still smart opportunities for investing in real estate. The economy appears have stabilized and job and population growth make ideal conditions for investing.” The Top 10 Best Markets List for real estate investing are:Denver, ColoradoDallas, TexasHouston, TexasAustin, TexasSeattle, WashingtonOrlando, FloridaSan Antonio, TexasCharleston, South CarolinaNashville, TennesseeRaleigh, North Carolina Subscribelast_img read more

The Reverse Mortgage Conundrum

first_img  Print This Post Home / Daily Dose / The Reverse Mortgage Conundrum Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: California Unveils State Consumer Financial Protection Bureau Next: Tax Reform’s REIT Impact January 10, 2020 4,465 Views Sign up for DS News Daily The Reverse Mortgage Conundrum The concept of a reverse mortgage can be more easily understood by starting with a traditional mortgage, where the borrower’s home equity increases and the loan balance deceases over time as the borrower makes payments to the lender. With a reverse mortgage, borrowers’ home equity decreases and the loan balance increases over time as borrowers receive cash payments from the lender and interest accrues on the loan. Reverse mortgage functions as a means for elderly homeowners to receive funds based on their home equity, because repayment can usually be deferred until death. As well, reverse mortgages are generally non-recourse loans, meaning that if a borrower fails to repay the loan when due, the lender has no recourse outside of the sale of the home.Through the Housing and Recovery Act of 2008, Congress raised the loan limit to $417,000 for a reverse mortgage, and then in 2009, through the American Recovery and Reinvestment Act, Congress raised the loan limit to $625,500. The limit was raised again by FHA in 2018 to $675,650, then to $726,525 in 2019, with an increase up to $765,600 coming in 2020.The FHA insures HECM program reverse mortgagors, and this insurance provides protection for both borrowers and lenders. Borrowers pay a mortgage insurance premium for this protection, but in return, borrowers may remain in the home indefinitely, even if the loan balance becomes greater than the value of the home, so long as the borrower meets certain conditions (age: at least 62 years old; ownership of property; principal residence of borrower; no existing mortgages; and property standards must be met). Further, FHA protects the borrower against the risk that the lender does not make the “loan disbursements.” This mortgage insurance premium also protects the lender in that it provides the lender its amount due, and continues to pay the borrower (on a monthly plan or from any unused credit line) until the borrower dies or sells the home, if the lender follows an assignment option created from the FHA insuring process.FHA Commissioner Brian Montgomery advocates for continued support and growth of the HECM program. In July, 2018, approximately a month after his confirmation, Montgomery noted that the HECM portfolio sustained a $14.5 billion loss in 2017 but that the program itself is valuable as long as corrections are made. “I have been a strong advocate of the reverse mortgage program,” he said, noting the lack of government assistance for senior homeowners who face income challenges. “This program allows seniors to age in place, which they want to do. It’s the best kind of program [in that it offers] assistance you pay for yourself … It’s up to us to fix it for the long term.”Program changes over the past few years have made the mortgages less risky for borrowers and for the government. Mortgage insurance premiums have been adjusted to provide more lender/insurer protection as well as preserving more equity for borrowers (higher upfront premium offset by lower annual premiums); assessable equity amounts are limited for the first year of the loan; and as of 2015, HUD requires a financial assessment to analyze potential borrowers’ income sources and credit history, to ensure that borrowers have set-aside funds to pay property taxes and homeowners insurance.If the borrower meets the above requirements for a reverse mortgage, then the borrower would continue to have three primary ongoing obligations: 1) the borrower must continue to occupy the property as a principal residence; 2) the borrower must remain current on all property taxes and homeowner’s insurance. If the borrower fails to pay property taxes or maintain current homeowner’s insurance, and fails to bring these accounts current when notified, the lender can foreclose and the borrower could lose their home; and 3) the borrower must keep the home in good repair.  As long as the borrower complies with these ongoing obligations, the borrower will be able to defer payment of the loan until they die, sell, or move out of the home.As well-meaning as this sounds, reverse mortgages cost more than regular mortgages, both at closing and during the life of the loan. With both types of loans, borrowers pay mortgage insurance, but with a regular mortgage, borrowers can avoid mortgage insurance with a down payment of at least 20%, but not with a reverse.The reverse mortgage premium equals 0.5% for a loan equal to 60% or less of the appraised value of the home. The premium jumps to 2.5% if the loan totals more than 60% of the home’s value. If a home is appraised at $450,000 and a $300,000 reverse mortgage is taken out, it will cost you an additional $7,500 on top of all of the other closing costs. Annual mortgage insurance premium is .5% of the outstanding mortgage balance.Most of the fees and costs can be rolled into the loan, but unlike a regular mortgage, which compounds interest on a lower amount each month, a reverse mortgage compounds interest on a higher number.Despite the promotion of reverse mortgages to address the lack of retirement assets held by an aging population, less than 2% of eligible households take out reverse mortgages, which is small given that nearly 80% of retired households own a home, compared to only about 50% with retirement assets, and given that retirement security for many households is considered to be precarious. Several factors could positively influence growth, namely, aging population not just in the United States but throughout the world (approximately 18% of U.S. population is over 62 years old); housing wealth continues to increase; and retirees prefer to age in place. Other factors negate growth, such as complexity and cost of reverse mortgages; a perception that reverse mortgages are a last resort; and the desire to leave an inheritance.Suggested improvements for the program include lowering initial and ongoing HECM product costs, expansion of private lenders, improvement of the availability of long-term care insurance, and tightening of Medicaid eligibility rule. These changes could increase HECM loans to approximately 12–14 % of all retired households, which would minimize government exposure and better target borrowers. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Michelle Garcia Gilbert Data Provider Black Knight to Acquire Top of Mind 2 days ago default Reverse Mortgage 2020-01-10 Seth Welborn Demand Propels Home Prices Upward 2 days ago Tagged with: default Reverse Mortgage Share Save The Best Markets For Residential Property Investors 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Editor’s note: This feature originally appeared in the January issue of DS News, out now.In 1961, Deering Savings & Loan officer Nelson Haynes in Portland, Maine, originated the first reverse mortgage to Nellie Young, the widowed wife of Haynes’s high school football coach. Mrs. Young continued to live in her home after losing her husband with the help of this loan.In 1969, UCLA Professor Yung Ping Chen testified before the Senate Committee on Aging that he supported an “actuarial mortgage plan in the form of a housing annuity” that would allow homeowners to stay in their home based upon their home equity.In 1983, the Senate approved a proposal to have reverse mortgages insured by the Federal Housing Administration (FHA), and in 1987, Congress passed the FHA insurance bill called the Home Equity Conversion Mortgage Demonstration. President Ronal Reagan signed the bill into law in 1988, and HUD began insuring reverse mortgage through FHA.The first FHA-insured reverse mortgage was originated in 1989, and 157 loans were issued in 1990, with a peak of 114,692 in 2009. According to HUD, 48,359 reverse mortgages were originated in 2018, the decrease attributable to the market crash 10 years earlier.Other countries use reverse mortgages, which are being touted as a policy strategy for aging population not prepared for retirement. In Canada, where the industry is entirely private, reverse mortgages grew 40% between 2017 and 2018. The Australian government began a government-sponsored equity release program in 2018 for homeowners over the age of 65, which may continue to expand as private lenders leave the reverse market. China—which has 241 million people over the age of 60 as of December, 2017, amounting to 17% of that country’s population—began promoting reverse mortgages in 2013, though there is only one company offering them, and only 132 people have taken out the mortgages to date. The Chinese people typically leave property to their children, so there is a cultural prejudice against reverse mortgages.A review of the reverse mortgage starts with its definition, and then how it works, who qualifies for one, its protections, and the risk involved with a reverse mortgage. The analysis is based on the Home Equity Conversion Mortgage (HECM) program reverse mortgage, which is insured under the Federal Housing Administration (FHA) and accounts for all but a handful of reverse mortgages.The stated purpose of the HECM program, FHA’s reverse mortgage program, is to ease the financial burden on elderly homeowners facing increased health, housing, and subsistence costs at a time of reduced income. The FHA’s mission is to serve underserved markets which must be balanced with U.S. Department of Housing and Urban Development’s (HUD) obligation under the National Housing Act to protect the FHA insurance funds.Pursuant to 15 USCS §1602(cc), “the term ‘reverse mortgage transaction’ means a non-recourse transaction in which a mortgage, deed of trust, or equivalent consensual security interest is created against the consumer’s principal dwelling:securing one or more advances; andwith respect to which the payment of any principal, interest, and shared appreciation or equity is due and payable (other than in the case of default) only after:the transfer of the dwelling;the consumer ceases to occupy the dwelling as a principal dwelling; orthe death of the consumer. Michelle Garcia Gilbert is president and CEO of the Gilbert Garcia Group, a Florida firm specializing in default services, creditors law, and REO. She has worked in foreclosure and creditors firms since 1989. last_img read more

NI minister re-iterates A5 commitment during Donegal visit

first_img 365 additional cases of Covid-19 in Republic Previous articleGroup calls for immediate upgrade of Derry railine – Minister respondsNext articleCounty Council to spend over €3 million on house adaptations News Highland Newsx Adverts Facebook Pinterest Google+ Twitter Google+ Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterestcenter_img 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire WhatsApp NI minister re-iterates A5 commitment during Donegal visit The North’s Roads Minister Conor Murphy has given an assurance that he remains absolutely committed to the A5 project and that it is included in the North’s budget for the next four year term.The proposed stretch of motorway will run from Aughnacloy to Derry completing the A5 between Derry and Dublin.The Irish government has committed 400 million pounds to the project however some politicians north and south have question both goverment’s decisions to fund the route.Speaking in Donegal the Road’s Minister Conor Murphy says he is confident, that even with a change of government in the south, funding for both sides will be there for the project:[podcast][/podcast] WhatsApp By News Highland – February 18, 2011 Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th Man arrested on suspicion of drugs and criminal property offences in Derry last_img read more

Funding available to help replace sewage systems on or near Cayuga Lake

first_img TOMPKINS COUNTY, N.Y. — Funding is available for property owners along the shore or near Cayuga Lake to replace failing or inadequate sewage systems, the Tompkins County Health Department said in a news release. Kelsey O’Connor The health department is in the second year of a grant program established by the 2017 Clean Water Infrastructure Act, that allocates money to “communities along impaired waterbodies for the replacement or repair of poorly functioning sewage systems.”Property owners who are eligible can be reimbursed up to 50% of costs for sewage system projects up to $10,000. The health department said the eligibility criteria has broadened since the initial rollout last year to include seasonal and second homes.For more information, visit the Division of Environmental Health’s State Septic System Replacement Program webpage. Kelsey O’Connor is the managing editor for the Ithaca Voice. Questions? Story tips? Contact her at [email protected] and follow her on Twitter @bykelseyoconnor. More by Kelsey O’Connor Tagged: cayuga lake, health, tompkins county, tompkins county health department, water infrastructure Your local health and human services news is made possible with support from:last_img read more

Second man appears in court over cross border hijacking

first_img Previous articleDonegal men charged with Sydney murder have case adjournedNext articleUpdate: Road closed following crash in Laghey News Highland Second man appears in court over cross border hijacking Twitter Facebook Nine til Noon Show – Listen back to Monday’s Programme Arranmore progress and potential flagged as population grows News, Sport and Obituaries on Monday May 24th A second man has appeared at Derry Magistrates Court charged in connection with a hijacking in the city on Monday.Four men were arrested, two in Donegal and two in the North after a van and trailer was hijacked in Derry on Monday afternoon.Gardai in Donegal were alerted to the vehicle making off across the border and two males were apprehended by Gardai.26-year-old Ryan Stevenson of Capall Court, Derry was today charged with hijacking a vehicle, assault on a man, theft of a power washer and driving with no insurance while unfit on March 4th.A police officer told the court the owner of the van, pursued an Audi in which the accused was later found in the front seat following the theft of his power washer.The vehicle eventually stopped and three men were said to have approached the van and attack the driver before two of the men made off in the van.The description of the van was circulated to Gardai was later apprehended in Donegal.At interview the 26 year old said he had been given a lift and eventually ended up in a caravan in Burnfoot before being given a lift back to the North by a man currently on the run from the authorities there.Bail was opposed for fear of further offences and interference with witnesses and the alleged injured party.District Judge Barney McElholm said Stevenson had admitted ‘consorting with a fugitive from justice’ and he felt there was a serious risk of further offences and interference with witnesses.The accused has been remanded in custody to appear again on March 28. WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHOR Facebookcenter_img DL Debate – 24/05/21 Pinterest Twitter Pinterest Homepage BannerNews By News Highland – March 6, 2019 Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic Google+ WhatsApplast_img read more

9 new confirmed cases of Coronavirus confirmed in Northern Ireland

first_imgThere are nine new confirmed cases of COVID-19 in Northern Ireland.As of this afternoon, the total number of confirmed cases in the North is 86.To date, one person who tested positive has died. Previous articleConfirmed case of COVID-19 at Strabane schoolNext articleRegular people can save more lives than do tors – Harris News Highland WhatsApp Facebook DL Debate – 24/05/21 Facebook Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Homepage BannerNews Important message for people attending LUH’s INR clinic Pinterest News, Sport and Obituaries on Monday May 24th center_img 9 new confirmed cases of Coronavirus confirmed in Northern Ireland By News Highland – March 20, 2020 WhatsApp Arranmore progress and potential flagged as population grows Google+ Google+ Twitter Nine til Noon Show – Listen back to Monday’s Programme Twitter RELATED ARTICLESMORE FROM AUTHORlast_img read more