Flour Mills Nigeria PLC (FLOURM.ng) Q32017 Interim Report

first_imgFlour Mills Nigeria PLC (FLOURM.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2017 interim results for the third quarter.For more information about Flour Mills Nigeria PLC (FLOURM.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Flour Mills Nigeria PLC (FLOURM.ng) company page on AfricanFinancials.Document: Flour Mills Nigeria PLC (FLOURM.ng)  2017 interim results for the third quarter.Company ProfileFlour Mills Nigeria Plc is a flour milling company in Nigeria with business interests in food production, packaging, agricultural industries, port operations and logistics and real estate. The company manufactures and sells past, noodle, edible oil and refined sugar as well as livestock feeds; supplies fertiliser; manufactures and markets laminated woven polypropylene sacks and flexible packing material; and grows and processes sugar cane, oil palm, fresh tropical fruit, poultry and cassava. Business interests in ports operations and logistics include operating Terminal A and B at the Apapa port and offering customs clearing, forwarding and shipping agents and logistics services. Flour Mills Nigeria Plc owns and manages real estate in Nigeria. The company is a subsidiary of Excelsior Shipping Company Limited. Its head office is in Lagos, Nigeria. Flour Mills Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Unity Bank Plc (UNITYB.ng) Q32019 Interim Report

first_imgUnity Bank Plc (UNITYB.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2019 interim results for the third quarter.For more information about Unity Bank Plc (UNITYB.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Unity Bank Plc (UNITYB.ng) company page on AfricanFinancials.Document: Unity Bank Plc (UNITYB.ng)  2019 interim results for the third quarter.Company ProfileUnity Bank Plc is a financial services institution in Nigeria offering banking products and services for the retail, commercial and corporate sectors. The company provides a full-service offering ranging from transactional accounts, deposit accounts and overdrafts to trade finance, treasury services, acceptance and guarantee commercial papers, money market services and international banking services. Unity Bank Plc provides foreign operations which includes home remittance services, mortgages, letters of credit, third party transfer services, invisible transactions, bills for collections and domiciliary transfers. The company supports the agricultural sector through agric products and schemes which includes Unity farmer’s cooperatives finance and leasing, Unity industrial input scheme and general agro-allied farmer’s schemes. Founded in 1987, Unity Bank Plc now operates through an extensive network of some 240 branches in 36 states in Nigeria and the Federal Capital Territory. Its head office is in Lagos, Nigeria. Unity Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

P. O. L. I. C. Y Limited (POL.mu) Q12020 Interim Report

first_imgP. O. L. I. C. Y Limited (POL.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2020 interim results for the first quarter.For more information about P. O. L. I. C. Y Limited (POL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the P. O. L. I. C. Y Limited (POL.mu) company page on AfricanFinancials.Document: P. O. L. I. C. Y Limited (POL.mu)  2020 interim results for the first quarter.Company ProfileP.O.L.I.C.Y Limited is an investment company that was established as a liability company. P.O.L.I.C.Y Limited is listed on the Stock Exchange of Mauritius.last_img

Easter Recipe: Dr. Pepper Glazed Easter Ham

first_imgShare on Facebook Tweet on Twitter Florida gas prices jump 12 cents; most expensive since 2014 UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 You have entered an incorrect email address! Please enter your email address here Please enter your comment! TAGSEaster Previous article5 Easy Easter Egg Decoration Ideas For the Whole FamilyNext articleTop gardening trends for 2018 Denise Connell RELATED ARTICLESMORE FROM AUTHOR Please enter your name herecenter_img *This recipe was created by The Pioneer Woman, who has always been my go-to for recipes to serve at a family holiday meal, because she’s always creating delicious recipes for her large, very hungry family.Ingredients1 whole Fully Cooked Bone-in Ham (15-18 Pounds)Whole Cloves3 cups Brown Sugar1/2 cup Spicy Brown Mustard1 can Dr Pepper Or Coke3 Tablespoons Apple Cider VinegarDirectionsPreheat the oven to 325 F.Score the surface of the ham in a diamond pattern about 1/8-inch deep. Place cloves in the middle of each diamond. Place the ham in a large roasting pan with a rack, tent it with foil, and bake for 2 to 2/12 hours—or longer, depending on the package directions. (Some hams may require 3 to 3 1/2 hours at a lower temp; just check the package.)Heat the brown sugar, mustard, vinegar and soda in a small saucepan until bubbly. Cook until reduced and a bit thicker, about 15 minutes.After about 2 hours of baking time, remove the foil and brush the glaze on the ham in 20 minutes intervals (put the ham back in the oven, uncovered, in between) until it’s nice and glossy. Remove from the oven and allow to rest 15-20 minutes before carving. It’s Easter and you’ve decided to conquer the ham. Don’t fret. A little brown sugar, apple cider vinegar and Dr. Pepper will give you a delicious and impressively looking ham. This ham will serve about 18 people and only requires about 20 minutes of prep time! Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment.last_img read more

Phased approach in Orange Co. to easing face covering mandate

first_imgShare on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment. Please enter your name here Support conservation and fish with NEW Florida specialty license plate TAGSCDCCOVID-19Face MasksGuidelinesMandateMayor Jerry DemingsOrange County GovernmentThree-phased PlanVaccinated Previous articleNew online tool makes recycling easier for Apopka and CFL residentsNext articleCan Nelson hit the bankshot and free Rock Springs Ridge from Dello Russo? Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Photo by Nick Fewingscenter_img You have entered an incorrect email address! Please enter your email address here Please enter your comment! From the Orange County NewsroomRecently, the CDC issued new guidance on outdoor mask use for those who are fully vaccinated.If you are fully vaccinated and want to attend a small outdoor gathering with people who are vaccinated and unvaccinated, or dine outdoors, the science shows you can do so safely … without a mask. However, the CDC still advises you to avoid large gatherings.“As I have said many, many times, we in Orange County follow and continue to follow the science to guide our decision making process,” said Orange County Mayor Jerry L. Demings. “After reviewing research from multiple sources, including the University of Central Florida, the Florida Department of Health and doctors from local hospitals, I am including that guidance in a phased approach to amend my Face Covering Executive Order. My goal is to give guidance to the community as we continue to navigate through the pandemic.”At a COVID-19 news conference on April 28, 2021, Mayor Demings introduced a three-phased plan to ease social distancing and mask guidelines:Phase 1 – Effective Immediately. Reduce physical distance from 6 to 3 feet in all settings.  Fully vaccinated individuals should follow CDC guidelines for wearing facial coverings.Phase 2 – Effective when 50% of the population 16 and older has received their first dose of the vaccine.  Facial covering mandate for outdoors lifted for all individuals.  Physical distancing of at least 3 feet between groups is encouraged.  Facial coverings still required for indoors, except when eating or drinking.Phase 3 – Effective when 70% of the population 16 or older has received their first dose of the vaccine and/or Orange County’s 14-day rolling positivity rate is 5% or below. All mandates are lifted.For more information about the Executive Order, visit ocfl.net/ExecutiveOrders. LEAVE A REPLY Cancel reply The Anatomy of Fear last_img read more


first_img “COPY” CopyHouses, Renovation•Porto, Portugal “COPY” Portugal RT House / A2OFFICE Projects Save this picture!© AL.MA Fotografia | Alexandra Marques+ 43 Share ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788852/rt-house-a2office Clipboard RT House / A2OFFICESave this projectSaveRT House / A2OFFICE Houses Photographs Year:  2016 Photographs:  AL.MA Fotografia | Alexandra MarquesColaboration:Ana FareleiraProcess Management:AZU Mediação ImobiliáriaGeneral Contractor:José Sousa Construções, LdaArchitect In Charge:Alberto Dias RibeiroCity:PortoCountry:PortugalMore SpecsLess SpecsSave this picture!© AL.MA Fotografia | Alexandra MarquesText description provided by the architects. This project involved the rehabilitation of a house located in the center of Porto, with basement, two floors, attic and a small patio. The lower floors are open space interconnected social areas, thus enhancing the interaction between the spaces and spreading natural light. Save this picture!© AL.MA Fotografia | Alexandra MarquesOn the 2nd floor, were implanted 2 bedrooms. All floors are connected by a new staircase that connects the spaces from the front door to the attic. Save this picture!SectionSave this picture!SectionFrom the pre-existence it has kept the memory of a lantern that illumined the 2nd floor. In this new skylight window 3 new windows arise taking advantage of natural light and forward it to other spaces in the attic. In terms of artificial lighting, it was decided to create a minimal uplight integrated system in the house elements (walls, cabinets, ceilings) and thus, in a house with small dimensions, be achieved a hidden general lighting that makes the space highlight without adding to it.Save this picture!© AL.MA Fotografia | Alexandra MarquesThe original granite walls were showed in some specific points, revealing the centenary main structure of the house. All the floor pavements were made with traditional wood beams, spiked in the granite walls such as the original wood structure of the house was built.Save this picture!© AL.MA Fotografia | Alexandra MarquesProject gallerySee allShow lessEnnead Architects Reveals Designs for Engineering Center at University of Texas at A…Unbuilt ProjectExhibition: Ernst Zinsser in Hannover – ArchitekturZeit 2016Book Product Launch Share Architects: A2OFFICE Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788852/rt-house-a2office Clipboard Area:  200 m² Year Completion year of this architecture project CopyAbout this officeA2OFFICEOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationPortoPortugalPublished on July 15, 2016Cite: “RT House / A2OFFICE” 15 Jul 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodPanel Façade SystemRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialPlastics / FibersRodecaTranslucent Building Elements in Downton Primary SchoolSkylightsVELUX CommercialModular Skylights – LonglightBathroom FurnitureBradley Corporation USAToilet Partition CubiclesSignage / Display SystemsGoppionDisplay Case – One-offAcousticFabriTRAK®FabriFELT™ for Walls and CeilingsBoardsStructureCraftStructural Panel – Dowel Laminated TimberThermalSchöckInsulation – Isokorb® Concrete to SteelDoorsJansenSmoke Control Door – Economy 60Louvers / ShuttersShade FactorExternal Venetian BlindsMore 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

Slit House / Architects H2L

first_img Constructor: Year:  Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/928756/slit-house-architects-h2l Clipboard Slit House / Architects H2LSave this projectSaveSlit House / Architects H2L Photographs 2019 Photographs:  Woochul Jung Manufacturers Brands with products used in this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/928756/slit-house-architects-h2l Clipboard Architects: Architects H2L Area Area of this architecture project CopyAbout this officeArchitects H2LOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookGuriSouth KoreaPublished on November 20, 2019Cite: “Slit House / Architects H2L” 20 Nov 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?狭缝的家与工作室 / Architects H2L是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Area:  213 m² Year Completion year of this architecture project BNB Construction Lead Architects: Projects Changyong Hyun, Jeonghyun Hwang Slit House / Architects H2L Save this picture!© Woochul Jung+ 32Curated by Paula Pintos Share ArchDaily CopyHouses•Guri, South Korea “COPY” Manufacturers: AutoDesk, FILOBE Design Team:Yongjae KimEngineering:General Structural Consultant, Woori EngineeringCity:GuriCountry:South KoreaMore SpecsLess SpecsSave this picture!© Woochul JungText description provided by the architects. The condition of the field is one of the most important variables of the project. Even if it is a good looking field in the exploration, it is rare for an architect to understand the limitations and limitations behind it, draw a conservative base of architecture on it, and then buy the field and proceed with the project. This is especially true for small-scale housing or commercial housing projects where the psychological pressures of time and expense.Save this picture!© Woochul JungCoupled with clothing design, sales and the upbringing of two children, the couple chose to build a house to realize what they called a life close to work, bringing together a life and work area that had been located quite a long distance apart. The field we looked at was a village on a hill in Guri, Gyeonggi Province. The triangular land, which was only measured by the number 95 square meters (28 pyeong), looked quite large thanks to the adjacent vacant lots, and it seemed that the area of maximum floor space that had been passed on to brokers would have secured a family home, a couple’s office, and even a rental space.Save this picture!© Woochul JungI was busy signing a land contract, and I found an architect. Contrary to expectations, however, restrictions on the height of the sun’s rays in the north and the public notice on the large area (more than 1 meter apart) were strongly restricting the securing of the upper floors and the use of the land, and considering separate underground entrances that were required, two parking surfaces, and psychological distance from the adjoining next door, the actual area and available land are few. In the end, the theme of the project was to find the maximum area and optimal conditions of the residential space, which had been tight even after giving up the rent.Save this picture!SectionsThe family’s living space (second, third and fourth floors on the ground) tried to find a morphological concept suitable for the land of the triangle, even though it contained all the conditions of any single house. Using the design motif of the line of limit indicated by the limit line of sunlight in the north direction, Oroot entrusted the upper form of architecture to the legal boundary and applied the tension of the line to each part of the building. From the four-story volume enjoying terraces, to the two-story tear in the stairwell leading up to the front door of the housing department, to the stairwell leading below it, the limits of the area have been converted to the starting point of form. To maintain the concept of a clear line, and for the architect’s wish for a plain texture, all parts surrounding the line were planned to include only exposed concrete and windows.Save this picture!© Woochul JungSave this picture!PlansSave this picture!© Woochul JungWith a small Pilotti that can be passed over to the parking lot when approached by the long side of the land, a gap in the oblique and a few cantilever steps naturally lead to the second floor of sight and movement. On the second floor, there will be a living room with an exposed concrete wall that runs up to the inside, a dress room used by the whole family on the third floor, two bedrooms, and an extra room and a bathroom with a roof on the fourth floor. Considering the wide roads and adjoining adjacent buildings, some important windows are maximized for light and ventilation, while others are compacted and arranged in accordance with the rhythm of the copper. The outer walls of exposed concrete buildings are secured while maintaining privacy.Save this picture!© Woochul JungThe couple’s workshop and exhibition hall, and the section of the shopping area (underground, ground floor) that includes the conference room and warehouse, were designed to optimize the area and environment of the underground space while ensuring that the draped fields would not cut off communication within the earth. It split the space on the first floor into two, giving a breathing room between the back-to-back Piloti parking lot and the road in front of it. As a result, the space located in the narrow part of the triangle played its own role by setting up a function room, such as a small toilet and boiler room, a large part as a work room and office, and a passageway as a Piloti port. It also opened the lower slope of the main stairway leading up to the house for access to a separate basement floor, leaving another gap heading under the ground. In the process, the railing retaining wall of the main stairwell grew to the lower part, and as if it were a railing lowered from the ceiling, it secured the safety of the opening part and omitted the addition of iron for the railing. If you walk down the stairs, you will see a small sunken in front, and if you enter the basement with the sunken on the right, it will lead to a work room and a meeting room, enabling light and ventilation through the sunken in every space under the ground.Save this picture!© Woochul JungThe various conditions of the earth are like the nature of being born, and there is no flawless writing without any constraints in the building project. Slit House is a house that was created in the process of building by embracing the form of land, the laws applied to the land, and the architect’s hopes of looking at the land calmly. This shows that the house’s never-usual form has emerged naturally based on the most basic nature of the earth.Save this picture!© Woochul JungProject gallerySee allShow lessHood River Retreat / Wittman Estes Architecture + LandscapeSelected ProjectsTaihang Village Co-living Space / f.i.t.Selected Projects Share South Korealast_img read more

El “sindicato” que no es tal

first_img15 de diciembre 2015La historia de los sindicatos se remonta al siglo 18 y la Revolución Industrial. Mientras no existieron los sindicatos, los trabajadores parecían existir a merced de los patronos, quienes les hacían trabajar hasta morir a la vez que les hacían pasar hambre junto a sus familias. Pero a medida que el número de trabajadores asalariados en esas fábricas infernales comenzaron a aumentar y concentrarse, fueron imbuidos del sentido de su propia fuerza.Ellos descubrieron cómo organizar y reunirse para exigir mejores salarios, menos horas y mejores condiciones. Mostraron a los patronos que a menos que ganaran mejoras, abandonarían el trabajo masivamente y cerrarían las fábricas. Nacieron los sindicatos.Los sindicatos y los patronos son como el agua y el fuego – no mezclan.Ahora viene Donald Trump, el epítome del opresor súper rico de las/os trabajadores, con una cuenta bancaria más grande que una montaña de oro. Y está diciendo que tiene apoyo sindical.¿Qué sindicato podrá ser?“Trump respaldado por el sindicato de la policía”, decía un titular de US News & World Report. Ah, es la Asociación Benevolente de Policía de Nueva Inglaterra. Bueno, eso son dos mentiras. No es un “sindicato”, ni es “benevolente”.Parece que estos policías les gusta mucho lo que dijo Trump sobre restringir a las/os musulmanes de EUA. También les gusta su plan para extender la pena de muerte – como si no fuera ya una de las más duras del mundo – a cualquier persona que mata a un policía, por cualquier razón. ¿Y si es un policía violando a una mujer o extorsionando al dueño de una pequeña tienda con una pistola a su cabeza? No importa.Es torcer la verdad llamar a estos sindicatos “asociaciones benévolas de policía”. Los patronos llaman a la policía para romper los piquetes, no para hacer cumplir los derechos de las/os trabajadores. A pesar de que más gente de color se ha incluido en la fuerza, los “sindicatos” de policía han sido bastiones de racismo y supremacía blanca, y la función de la policía ha seguido siendo la de reprimir violentamente a los sectores más pobres de la clase obrera – nunca a los delincuentes de cuello blanco que se roban millones. En EUA, debido a la herencia de siglos de racismo, esto significa que la policía es una fuerza de ocupación violenta en las comunidades de color.Entonces, ¿qué deben hacer las/os trabajadores sobre esto? Principalmente, ¿cómo pueden las/os trabajadores blancos en el movimiento obrero fortalecer su solidaridad con las/os trabajadores de color y las/os inmigrantes, como las/os musulmanes que Trump quiere prohibir en este país?Una buena manera de empezar sería sacar este “sindicato” del movimiento sindical. No pertenece allí. Es como tener una serpiente venenosa en la cama.No es un problema de republicanos-contra-demócratas. Es una complicidad entre un grupo de asesinos anti-inmigrantes racistas con armas de fuego y un intolerante súper rico que odia a todos los sindicatos verdaderos. Juntos, están tratando de llevar a cabo una maniobra que podría cubrir de desgracia a todo el movimiento obrero.¡Di no a Trump!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Something New From Something Old

first_imgAt Home Something New From Something Old Buying antiques from Architectural Salvage is not just for collectors, but also for those looking to repurpose old pieces for something new By FRANZ A.D. MORALES Published on Thursday, May 30, 2013 | 5:07 pm 12 recommended0 commentsShareShareTweetSharePin it 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. Name (required)  Mail (required) (not be published)  Website  Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeauty10 Special Massage Techniques That Will Make You Return For MoreHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeauty When talking about antiques, most think about expensive pieces from bygone eras that are bought as an investment and for something to display. What most don’t know though, is that some antiques are affordable and can be used other than display purposes.Repurposing salvaged materials to be used as functional decor has been around for some time, and many who are into it often find themselves in antique shops such as Architectural Salvage.Take old doors, for example. An old door that has been salvaged could be used as a patio table.Or, you can take an old lamp and either clean it, rewire it and use it as a quirky lamp to accentuate your existing decor, or you can set it up as a fancy bird bath for your lawn.Old ladders can be used as a nice magazine rack, or old carpets can be cut up and used as placemats for pots.If you are handy, you can modify some old stuff to repurpose them for even more creative uses. Old television sets can be made into aquariums for instance, while baby cribs can be converted into a work desk.I’ve even seen someone take old banisters and made it so to create a nice couch.Antiques need not be an expensive hobby, it can also be an affordable and fun way to let your creative juices flow by seeing the functional decor within salvaged materials.If you need inspiration or just want to look around and see what comes up, visit Architectural Salvage at 2600 E. Foothill Blvd., or you can visit http://www.pasadenaarchitecturalsalvage.com for more information. Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newscenter_img Business News Community News Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Another Look at GSE Credit Score Models

first_imgHome / Daily Dose / Another Look at GSE Credit Score Models Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Another Look at GSE Credit Score Models Sign up for DS News Daily Borrowers Credit Scores Dodd-Frank Act Fannie Mae Fees FHFA Freddie Mac mortgage Rules 2018-12-13 Radhika Ojha Demand Propels Home Prices Upward 2 days ago Subscribe  Print This Post Tagged with: Borrowers Credit Scores Dodd-Frank Act Fannie Mae Fees FHFA Freddie Mac mortgage Rules Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News, Secondary Marketcenter_img The Federal Housing Finance Agency (FHFA) proposed a rule to establish a four phase process for the government-sponsored enterprises (GSEs) to validate and approve credit score models. The FHFA said that the proposed rule is required by Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act).Through this rule, FHFA will establish standards and criteria for the validation and approval of third-party credit score models used by Fannie Mae and Freddie Mac. The four-phase process would include:Solicitation of applications from credit score model developersReview of submitted applicationsCredit score assessmentEnterprise business assessmentFHFA said that while the Act did not require the GSEs to use a third-party credit score model, but if Freddie or Fannie conditioned the purchase of a mortgage loan on a borrower’s credit score, “that credit score must be produced by a model that has been validated and approved by the Enterprise based on the standards and criteria in the Act and FHFA regulations.”According to the proposed rule, the GSEs used credit scores in four ways at present. First, they were used for loan purchase programs which needed a minimum credit score as part of determining the eligibility of the borrower. Second, the GSEs used credit scores within some of their automated underwriting systems (AUS)—while Fannie Mae uses credit scores as a minimum threshold in its AUS, Freddie Mac uses them as part of the risk assessment within its AUS.Third, the GSEs use credit scores for the grids published by them that disclose loan level price adjustments (LLPA) for Fannie Mae and Post Settlement Delivery Fees (Delivery Fees) for Freddie Mac. Both these grids are based on a combination of a borrower’s representative credit score and the original loan-to-value ratio.Lastly, the proposed rule said, the GSEs disclose credit scores to investors of Enterprise securities, credit risk transfer investors, and in their corporate filings to the Securities and Exchange Commission.Read the full proposed rule here. About Author: Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago December 13, 2018 1,823 Views Share Save Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles Previous: Gender Gap in Homeownership Next: New Faces in Housing Regulationlast_img read more