SIT Land Holdings Ltd ( 2018 Abridged Report

first_imgSIT Land Holdings Ltd ( listed on the Stock Exchange of Mauritius under the Agricultural sector has released it’s 2018 abridged results.For more information about SIT Land Holdings Ltd ( reports, abridged reports, interim earnings results and earnings presentations, visit the SIT Land Holdings Ltd ( company page on AfricanFinancials.Document: SIT Land Holdings Ltd ( 2018 abridged results.Company ProfileSIT Land Holdings Limited is an investment holdings company. The company is involved in the growing of sugarcane in Mauritius. SIT Land Holdings Limited also engages in the acquisition, holding and disposal of agricultural properties. SIT Land Holdings Limited is listed on the Stock Exchange of Mauritius.last_img

Top 14: Finances and the salary cap are strongly policed in France

first_imgIt’s a similar story with the salary cap. Snide comments from across the Channel, in England, that the French ignore the €10m cap imposed by the LNR are dismissed by Riondet. “The clubs definitely respect the cap,” he says.So long: Dan Carter and NZ CEO Steve Tew say early goodbyes as Carter’s departure was announcedBut while the clubs must stay within the law, there’s nothing that says they can’t show a little innovation. Midi Olympique reported last month that Dan Carter’s salary when he joins Racing Metro after the World Cup will be around €500,000; but on top of that it is alleged the All Blacks fly-half will receive a similar sum from his image rights including an estimated €300,000 from the operating company of Arena 92, Racing’s new home from 2016 that will also host concerts and business conferences.It’s a strategy long employed by Mourad Boudjellal, the canny president of Toulon, who has made no secret of the fact the club has been imaginative in ensuring its top players receive the sort of sums they deserve for their talent. In an interview last season he explained that Toulon’s total wage bill was €8.55m – well within the €10m salary cap – but that nonetheless a star such as Jonny Wilkinson earned income on top of his salary.“We’ve created with him a commercial enterprise of products branded ‘10’,” said Boudjellal. “This enterprise, based in France, generates a real turnover on the back of the sales of hats, t-shirts, polo (shirts), etc…should the proceeds from these sales be included in calculating the player’s salary? I don’t believe so.” Star power: Toulon have plenty of big names, but their finances are surprisingly stable Boudjellal – who no longer puts his own money into the club – also dismissed as “fantasy” the rumour that some of the foreign players at Toulon had money paid into bank accounts in Jersey, telling Midi Olympique: “The chief of the DNACG spent two days in Toulon and had nothing to say about our (financial) management.”Jerome Riondet believes Toulon’s business model, which is based on a wide network of sponsors and commercial partners, is the most stable of all Top 14 clubs. That’s not what many wish to hear, those who regard Toulon as rugby’s bête noire. But doesn’t success often breed envy? Contrary to what some may think, the Top 14 salary cap is rigorously policed and hefty punishments await those who transgress. Nonetheless, that doesn’t prevent some French clubs finding innovative ways to reward their very best players. Gavin Mortimer reports. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Among the less interesting pages on the official France Federation website is one entitled ‘DNACG’. I don’t recommend a visit, not unless you’re an insomniac. Let me explain. DNACG stands for Direction Nationale d’Aide et de Contrôle de Gestion and, as one French newspaper recently put it, it’s the “financial gendarme of professional rugby”. In other words, the DNACG’s job is to police the finances of the 30 professional French clubs (the Top 14 and the 16 clubs that comprise the Pro D2). The DNACG is managed by both the FFR and the LNR but answers ultimately to the former.Why is this relevant? To allay suspicions in some quarters that French clubs have a somewhat laissez-aller attitude when it comes to finance, in particular staying within the €10m salary cap.Nothing could be further from the truth. As any ex-pat who has lived in France will tell you, the French do many things well – cheese, wine and long lunches – but possibly what they excel in most is bureaucracy. Red Tape is an art form in France, and that applies to their rugby.The DNACG’s code of practice, as published on the LNR’s website, runs to 24 pages and contains enough clauses and articles to bore all but the most stoic to tears. To cut a long story short: the DNACG has the power to scrutinise the accounts of all 30 clubs whenever it sees fit, and punish accordingly with fines up to a maximum of €2m. And they do.Knocked back: Montauban were relegated for financial malpractice in 2010The DNACG isn’t a toothless body. If it sees financial irregularities it will act. Just ask Grenoble, Bourgoin and Montauban, all of whom have been relegated from the Top 14 in the last decade as punishment for failing to balance their books.More recently, in the summer of 2013, the DNACG expelled Carcassonne from Pro D2 to Federale 1 (although the club was later reinstated by the FFR after they raised sufficient funds) and also suspended the contracts of four Biarritz and five Perpignan players until they were satisfied the clubs had the finances to fund them. Last season the DNACG dished out heavy fines to Perpignan, Albi, Beziers and Carcassonne and also threatened them with a points reduction if they didn’t get their accounts in order.“The DNACG has a great deal of power,” explains Jerome Riondet, the former Harlequins and Grenoble three-quarter, and now a rugby consultant for beIN Sports. “Before each season the clubs present their provisional budgets to the DNACG. Let’s say a club gives itself a €20m budget based on money from TV rights and anticipated income from sponsors and also a contribution from the regional council. The TV rights money is the only guaranteed income so if for whatever reason the money from the sponsors and regional council doesn’t all come through there will be a discrepancy in their accounts from their initial budget. If that happens, the DNACG – who can check a club’s budget at any time during a season – will punish them.” TAGS: Highlight last_img read more

Who is Wyn Jones: Ten things you should know about the Wales prop

first_imgFind out more about the Scarlets front-rower Wyn Jones in action for Wales (Getty Images) Who is Wyn Jones: Ten things you should know about the Wales propWyn Jones made his Wales debut against Tonga in 2017 and has since accumulated more than 30 caps for his country. Here are some facts about the prop…Ten things you should know about Wyn Jones1. Wyn Jones was born on the 12 February 1992 in Llandovery, Wales. He stands at 6ft (1.84m) and weighs 17st 13lb (114kg).2. He has played his senior rugby at club Llandovery RFC and region Scarlets, who he has represented more than 100 times and won the Pro12 with.3. Jones has won two Six Nations titles, including a Grand Slam in 2019.4. He has also represented Wales at a Rugby World Cup, helping his country come fourth in 2019.5. Jones is renowned as a scrummager. However, former Scarlets head coach Glenn Delaney was also impressed by Jones’s ability to jackal the ball.He told WalesOnline: “Wyn has figured it out right the way through and he’s an incredibly powerful loosehead.“The other aspect to his game which I’ve always been really impressed with is his ability to jackal over the ball. He’s really good in that facet.” LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS “I wasn’t having it because he was a young pup coming in! I wanted to knock him down a peg or two and let him know he had to work his way up the ladder. So I just started calling him Sausage and told the boys at the Scarlets.”7. Jones was involved in all three red-card incidents in Wales matches during the 2021 Six Nations.He was cleared out dangerously at rucks by first Ireland’s Peter O’Mahony and then Scotland’s Zander Fagerson. In Wales’ final championship match, France lock Paul Willemse made contact with the eye area of Jones and was sent off.Does Wyn Jones have a partner?8. He is engaged to partner Jeian Lewis and the couple were meant to get married in 2020 but plans were disrupted by Covid-19.He told the BBC: “We will postpone it for a year and it’s out of our hands so hopefully it will all go to plan.“Because of the Covid rules, we weren’t able to proceed and we’re hoping to do it next September.”center_img Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter. Does Wyn Jones have a nickname?6. He is nicknamed Sausage and it was coined by his former Scarlets team-mate Emyr Phillips.Phillips told WalesOnline: “One of his friends back home is called Sausage. Wyn used to wind him up because he hated it. Well, Wyn was winding me up on one of his first days at the Scarlets and trying to spread my own nickname around. 9. Jones used to be a sheep farmer and he took up the occupation again during lockdown.He told The Sun: “I was getting some more time at home on the farm and I was just picking up where I left off. It was quite refreshing, I enjoyed the physical challenge of it.”10. Jones was selected in the British & Irish Lions 2021 squad to tour South Africa.last_img read more

PH José Mármol House / Estudio Yama

first_imgArchitects: Estudio Yama Area Area of this architecture project PH José Mármol House / Estudio YamaSave this projectSavePH José Mármol House / Estudio Yama ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Juliana de Lojo, Ainoha Mugetti Design Team:Juliana de Lojo, Ainoha MugettiProject Management:Estudio Yama, Pablo GitermanLandscaping:Camila GitermanCity:BoedoCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Javier Agustín RojasRecommended ProductsWindowsVitrocsaMinimalist Window – SlidingWoodParklex International S.L.Wood cladding – FacadeWindowsAir-LuxSliding Window – CurvedWoodTechnowoodPergola SystemsText description provided by the architects. The “casa chorizo” typology, from the late 20th and early 21st centuries, is very characteristic of Buenos Aires. It represents a challenge for the contemporary housing parameters, given its original distribution of consecutive, connected rooms, usually lacking direct sunlight and natural ventilation.Like most of these houses, PH José Mármol had already undergone two renovations, which only aimed to solve the immediate needs of the family.Save this picture!© Javier Agustín RojasSave this picture!Save this picture!© Javier Agustín RojasInitially, the objectives of this new project were to find space within the property for a new yoga studio for the owner to teach there and to solve some minor construction issues.Save this picture!© Javier Agustín RojasHowever, this was only the starting point, and we quickly saw the opportunity to present the client with a much more ambitious project that would change how the whole house looked and functioned with only a few strategic moves.Save this picture!© Javier Agustín RojasSave this picture!Save this picture!© Javier Agustín RojasBy renovating the existing court and adding a new one on the first floor, we were able to improve the rooms around them and enhance the connection between exterior and interior spaces. The yoga studio was designed as a flexible room: a uniform work surface and a perpendicular lighting surface, filtered out by micro-perforated sheet blinds.On the ground floor, previously segmented by an abrupt change of flooring, the space came together by the use of neutral materials and colors (used throughout the house), and a tiled floor with a unique central pattern that works as a large mat over which different situations may coexist.Save this picture!© Javier Agustín RojasSave this picture!Save this picture!© Javier Agustín RojasSe buscó también revalorizar la construcción original editando las huellas acumuladas de las intervenciones anteriores, como cielorrasos suspendidos, ventanas de aluminio y pisos flotantes, dando protagonismo a materiales tradicionales como el ladrillo, las estructuras de hierro, y los pisos graníticos, pero re-pensados con un lenguaje actual.Save this picture!© Javier Agustín RojasProject gallerySee allShow lessAvenida Central Building / Emilio Alvarez Abouchard ArquitecturaSelected ProjectsIndustrial Building / derksen | windt architectenSelected Projects Share CopyHouses•Boedo, Argentina CopyAbout this officeEstudio YamaOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesArgentinaPublished on September 12, 2019Cite: “PH José Mármol House / Estudio Yama” [PH José Mármol / Estudio Yama] 12 Sep 2019. ArchDaily. Accessed 11 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 stream “COPY” Manufacturers: Acier, Blangino, Moltrasio Save this picture!© Javier Agustín Rojas+ 21Curated by Clara Ott Share Year: Houses 2019 “COPY” Photographs: Javier Agustín Rojas Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs Area: 110 m² Year Completion year of this architecture project Lead Architects: PH José Mármol House / Estudio Yama Argentina Projects ArchDailylast_img read more

USDA Announces Safety Net Assistance for Milk Producers

first_img SHARE Agriculture Secretary Tom Vilsack today announced approximately $11.2 million in financial assistance to American dairy producers enrolled in the 2016 Margin Protection Program for Dairy (MPP-Dairy). The payment rate for May/June 2016 will be the largest since the program began in 2014. The narrowing margin between milk prices and the cost of feed triggered the payments, as provided for by the 2014 Farm Bill.“We understand the nation’s dairy producers are experiencing challenges due to market conditions,” said Vilsack. “MPP-Dairy payments are part of a robust, comprehensive farm safety net that help to provide dairy producing families with greater peace of mind during tough times. Dairy operations enrolled in the 2016 MPP-Dairy program will receive approximately $11.2 million this month. I want to urge dairy producers to use this opportunity to evaluate their enrollment options for 2017, as the enrollment period is currently scheduled to end Sept. 30, 2016. By supporting a strong farm safety net, expanding credit options and growing domestic and foreign markets, USDA is committed to helping America’s dairy operations remain successful.”Dairy producers who enrolled at the $6 through $8 margin trigger coverage level will receive payments. MPP-Dairy payments are triggered when the national average margin (the difference between the price of milk and the cost of feed) falls below a level of coverage selected by the dairy producer, ranging from $4 to $8, for a specified consecutive two-month period. All final USDA prices for milk and feed components required to determine the national average margin for May/June 2016 were released on July 29, 2016. The national average margin for the May/June 2016 two-month consecutive period is $5.76277 per hundred weight (cwt.).Since 2009, USDA has worked to strengthen and support American agriculture, an industry that supports one in 11 American jobs, provides American consumers with more than 80 percent of the food we consume, ensures that Americans spend less of their paychecks at the grocery store than most people in other countries, and supports markets for homegrown renewable energy and materials. USDA has also provided $5.6 billion in disaster relief to farmers and ranchers; expanded risk management tools with products like Whole Farm Revenue Protection; and helped farm businesses grow with $36 billion in farm credit. The Department has engaged its resources to support a strong next generation of farmers and ranchers by improving access to land and capital; building new markets and market opportunities; and extending new conservation opportunities. USDA has developed new markets for rural-made products, including more than 2,500 biobased products through USDA’s BioPreferred program; and invested $64 billion in infrastructure and community facilities to help improve the quality of life in rural America. For more information, visit Previous articleDaniels Honored for Leadership at PurdueNext articleFarm Credit System Loan Volume up 10 Percent Hoosier Ag Today Facebook Twitter Facebook Twitter SHARE USDA Announces Safety Net Assistance for Milk Producers Home Indiana Agriculture News USDA Announces Safety Net Assistance for Milk Producers By Hoosier Ag Today – Aug 4, 2016 last_img read more

CRES speaker emphasizes importance of diversity

first_imgAssistant Professor of History Dr. Max Krochmal was one of many faculty members who helped start CRES and bring Camarillo to campus.(Photo courtesy of Max Krochmal)Programs like CRES are implemented in hopes of starting difficult discussions like those Camarillo repeatedly urged students to engage in.Chief Inclusion Officer Darron Turner said lectures should not be seen as the sole answer to creating an inclusive campus, but they are a catalyst for these uncomfortable conversations.“We have to be careful we don’t see lectures as the answer,” Turner said. “I think it is one of the solutions in terms of getting people to have a conversation with each other.”Turner said tackling these tough discussions was one of the biggest obstacles TCU still faces in terms of diversity and inclusion.“We’re a friendly campus but… we need to challenge uncomfortable conversations in ways which are going to make us grow, uncomfortable at first, but grow all the same,” Turner said.Minority students make up 28.1 percent of TCU’s undergraduate population.TCU DiversityVenngage InfographicsCamarillo ended the lecture by addressing undergraduates specifically. He challenged the students to go out and gain the tools, such as CRES courses, “to construct a better functional diverse society.”“Undergraduates, it is up to you, it is in your hands,” he said. “You are the leaders of the next generation. Where this society goes, you will take it.” ReddIt Facebook + posts World Oceans Day shines spotlight on marine plastic pollution Linkedin ReddIt Ryder Buttry printStudents filled the BLUU Ballroom for Dr. Albert Camarillo’s lecture on diversity.Promoting interactions between a diverse student body is one of the biggest issues universities face when it comes to diversity because students come ill-equipped to engage in these discussions, a leading scholar on race and ethnicity told a TCU audience Tuesday night.Dr. Albert Camarillo, the founding director of the Center for Comparative Studies in Race and Ethnicity at Stanford from 1996 until 2002, was the keynote speaker for the debut of the Comparative Race and Ethnic Studies (CRES) Program.“We still are segregated residentially for the most part, so when you pour people from diverse backgrounds onto a college campus, they don’t have these skills,” he said.Camarillo is recognized as a founding scholar in Mexican-American history and Chicano studies. His lecture, “Why Diversity Matters: Farther to Go,” contextualized the history of diversity and defined it as a celebration of diversity in a democratic society.Students and faculty gathered in the BLUU for Camarillo’s lecture that debuted the TCU CRES program.“We’ll be better Americans for [being functionally diverse], we’ll be a better society for it…” Camarillo said. “Maybe there will be less division in America, maybe we’ll get closer to being that society that has greater unity.”His campus visit, which included classroom conversation and a lunch with faculty, was hosted by CRES along with support from the Addran College of Liberal Arts, John V. Roach Honors College, Center for Public Education and Women & Gender Studies.CRES will offer a major, minor or emphasis in comparative race and ethnic studies come fall.Assistant Professor of History and CRES board member Max Krochmal and Associate Professor of Religion and Ethics Melanie Harris met Camarillo when they visited California to explore curriculums for a CRES program.Camarillo said the center at Stanford was started after student protests sparked interest in ethnic studies at the same time faculty were discussing comparative ethnic studies programs.Similarly, student interest in more classes focused on subjects related to race and culture prompted Krochmal to look into CRES curriculums for TCU’s campus.He said Camarillo was invited with the hope that he would bring a fresh viewpoint to campus.“I’m excited that [the lecture] presents an alternate perspective from what is more often presented on our campus,” Krochmal said.Sophomore communication studies and theatre major Brandy Tutein said she enjoyed the lecture because it was a unique presentation on the topic.“I’ve heard a lot about diversity before and I thought it was going to be a lot of the same rhetoric I’ve heard over and over again… but I learned a lot more than I expected to,” Tutein said. Ryder Buttry Welcome TCU Class of 2025 Ryder Buttry Linkedin Twitter Update: No forced entry in TCC student’s homicide Dr. Albert Camarillo gives lecture on diversity. Facebook Ryder Buttry TCU steps up efforts to promote financial literacy with new additions to Money Week Twitter Ryder Buttry Fort Worth businessman donates full first-year tuition for TCU medical school students SGA holds student memorial to honor lives of four students TCU places second in the National Student Advertising Competition, the highest in school history Previous articleA father’s memory helps raise money and awareness for cancerNext articleLuken Baker takes first base Ryder Buttry RELATED ARTICLESMORE FROM AUTHORlast_img read more

Disaster Playbook

first_img in Daily Dose, Featured, Magazine, Print Features Related Articles Alan Jaffa disaster playbook magazine features 2018-01-11 Alan Jaffa The Best Markets For Residential Property Investors 2 days ago Tagged with: Alan Jaffa disaster playbook magazine features Share Save Disaster Playbook Demand Propels Home Prices Upward 2 days ago About Author: Alan Jaffa Previous: HUD’s Carson: ‘We Know How to End Homelessness’ Next: District Judge Sides With President Trump on CFPB Director Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Disaster Playbook Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Editor’s note: This story was originally featured in the January issue of DS News, out now.The secret to being a successful team is being prepared. For professional sports like football, that means updating and studying an extensive playbook where coaches and players keep a record of their plays or a plan of action to learn and memorize for use during a game. Playbooks serve as a mental blueprint or diagram for every player on the field. These plays are extensively practiced and reviewed before being applied during a game, so every player knows what to do when each play is called. They have specific assignments and follow them accordingly.Like the playbooks created by football teams, the mortgage servicing industry needs to establish guidelines and continuously update them when managing their portfolios following a major storm or disaster. These guidelines will alleviate some of the challenges and answer questions when managing properties both for current loans and those in default. The most recent hurricane season was unprecedented and when coupled with disasters like the wildfires in California, a coordinated strategic approach is necessary to protect properties. Property preservation companies are on the front lines when disasters hit and offer ongoing communication and information before, during, and after a natural disaster. Progressive companies will utilize data and technology to help servicers make better business decisions.PLAY 1: CALL ON THE FIELDBefore disasters strike, mortgage servicers look to their property preservation companies in the field to advise them on the potential path of destruction and which assets are at risk. Doing so helps servicers understand what areas may be impacted so they can prepare for sound, data-based business decisions when ordering inspections and dealing with the impact of a natural disaster.The first line of defense is communication. Property preservation companies need to engage their mortgage servicing partners with customized, ongoing disaster updates. Researching projected impacted areas, pulling news articles on impending storms or fires, and comparing that information to the servicers’ portfolios is key to providing them with as much information as possible so they can make better business decisions.Utilizing information from inspectors in the field narrows the scope of properties impacted and can potentially save servicers’ money on what properties actually need attention. Using damage-level mapping algorithms, companies can compare the client’s delinquent and current loan portfolios to the data of which areas were impacted using property information tied to ZIP Code assessments based on damage levels.But analyzing data does not stop there. Once the disaster strikes, damage assessments need to be updated on a daily basis for the servicers to effectively manage their portfolios. Property preservation companies also need to get a better understanding of how clients want to interact with impacted borrowers with current loans. This is relatively unfamiliar territory for those companies and their inspector networks who typically only complete services on vacant properties. Also, many servicers choose to inspect current Federal Housing Administration loans, but investors do not pay for these additional inspections. Property preservation companies need to work with their servicing partners on billing and whether the borrower will be assessed the cost of the inspections. Currently, Fannie Mae and Freddie Mac are the only investors that will reimburse for inspections on current assets during major storms or disasters. In addition to understanding the interaction with borrowers, property preservation companies need to be aware of their servicing clients’ objectives and realize that ordering inspections on current loans is a major system change on their side. There is an established system in place for delinquent accounts that sets off a nearly automated workflow. However, that functionality does not typically exist for current portfolios. Another concern is ensuring inspector requests meet requirements for Fannie Mae and Freddie Mac for both current and delinquent properties to ensure proper reimbursement from the investor.Some servicers also give allowables for relief orders to assist borrowers if the property is current and occupied and to aid delinquent properties in damage mitigation. This includes things like pulling out carpet before mold growth. Property preservation companies can help borrowers find a contractor who can perform those services quickly.After a major disaster, it is critical for property preservation companies to have regular conversations with their servicing clients to ensure everyone has the latest information and is on the same page. An effective best practice after the disaster hits is for the preservation company to host industry calls so their staff can have direct conversations with key people in the servicing world.The purpose of these calls is to provide the latest impact update and assist mortgage servicers on when and where to order inspections to aid in cost control. It also helps in sharing resources and capacities in completing these additional inspections. The call also serves as a way to update servicers on what it really looks like on the ground after the storm. Servicing clients can ask questions, voice concerns, and collaborate in developing best practices to manage these added inspections and services. They can also learn more about the technology, data, and mapping tools that will help them in determining next steps and the course of action following a major disaster.PLAY 2: HAVING THE RIGHT EQUIPMENTTechnology and data are the key attributes to effective disaster management before, during, and after a disaster. Mortgage servicers are looking to assess the damage to both their current and delinquent properties as quickly as possible. But this is a challenge, especially in cases like Puerto Rico following Hurricane Maria last September, when many of the impacted areas were inaccessible because of downed trees and power lines, and washed-out or closed bridges and roads.Overhead imaging serves as an alternative when property preservation inspectors cannot access properties in areas impacted by disasters. Satellite and airplane flyovers are very expensive and require third-party assistance. The use of drones in property preservation has been a topic of interest in recent years. They served as additional components in information and image gathering after the string of hurricanes in Texas, Florida, and especially Puerto Rico in 2017. Property preservation companies’ inspector networks were able to utilize them as a cost-effective way to perform initial damage assessments.Utilizing the imagery captured both overhead by drones and through their inspector networks, property preservation companies can overlay it geographically. Client portfolio information and satellite imagery are imported into mapping tools to determine which properties were potentially affected. Information from the U.S. Geographical Survey (USGS) is utilized for information on conditions such as wind speeds and flooding. The servicers use that analysis to address their portfolios and proactively assist their customers.Mobile technology and smart scripting play an important role in assessing property damage following a major disaster. The scripts can easily be adjusted to ensure inspectors gather the appropriate information and photos. That information comes into the property preservation company’s automated workflow system and the damage is assessed quickly to determine which properties require immediate attention. Servicers are notified of the results quickly and advised on how to proceed.In addition to delinquent properties they normally service, preservation companies also need to geocode servicers’ properties that have current loans. They typically will utilize longitude and latitude coordinates from the address to identify the property’s geolocation, a process similar to locating and performing services on a vacant or abandoned property. This creates a pin on the map to provide an intricate overlay identifying sectors that are damaged, with data sourced from the inspectors’ mobile devices. Property damage is categorized as light, moderate, or heavy and is sent to the servicer to help establish the best course of action. Heat maps are created based on inspection data as a visual aid for servicers, along with custom reports to help assess property damage.An important thing to note after major disasters strike is that inspection volumes increase dramatically for property preservation companies. In some cases, this means an almost 1,000 percent increase in the number of inspections per month. To prepare, the preservation companies’ systems and infrastructure must be built to rapidly scale up. This also is the case for the preservation companies’ inspector and contractor networks, who face additional increases and challenges when a disaster occurs.PLAY 3: BUILDING YOUR SPECIAL TEAMSFollowing the storms or disasters, property preservation companies need to assess the needs of their inspector and contractor networks in that area. They should evaluate capacity, number of crews available, and other resources needed. Often, because those inspectors and contractors in the area of the storms or disasters have been impacted themselves, preservation companies need to reallocate resources—move internal staff or field quality control (FQC) representatives into impacted areas or relocate inspectors from other areas to assist for an estimated 30 to 60 days.Internal staff members from preservation companies are there to help with business continuity within the existing network when disasters strike. They ensure vendors have what they need in the field, including generators, clearboarding, and cleaning supplies. In Puerto Rico, FQC representatives took satellite backpacks with built-in WiFi to inspectors to help submit inspection results and photos. However, it is almost impossible to prepare for a Puerto Rico-type disaster. The FQC representatives had difficulty finding hotels or condos with electricity and running water. Many of the hotels were using generators that had to be shut down for several hours a day for maintenance. While in Puerto Rico, Safeguard’s eight FQC representatives hosted multiple on-site recruiting events for the company’s contractors in the area. They also offered training for current contractors filling in as inspectors and for those who had been recruited.But all of the added help and supplies are not without an additional cost. Postimpact surge pricing or flexible prices for products or services based on current market demands include the costs that out-of-area vendors incur because they are working remotely and must pay for things like hotel stays and food, and may take extra time for the inspections because they do not know the area very well. Also, the scope of inspection is greater after a disaster or major storm, and there are limited supplies or increases in daily expenses, like fuel, due to shortages.Several weeks after a major storm or disaster, property preservation companies prepare to complete insurance loss inspections for their mortgage servicing partners. Those borrowers who intend on remaining in their properties typically receive insurance money to make repairs. Property preservation companies complete inspections to verify the progress of the repairs on behalf of their mortgage servicing partners.INDUSTRY-WIDE PLAYBOOK NEEDEDManaging portfolios following major disasters is a challenge for mortgage servicers and their property preservation partners. Properties with current loans are particularly challenging because there are no guidelines or rules put in place like there are for vacant and abandoned properties. Questions arise such as, Should inspections be completed during the 90-day forbearance period? What about the initial secure? And will the investors reimburse for inspections on current assets during major disasters? The industry needs to establish a disaster playbook to address these complex issues and to be proactive before disasters hit. This serves as a good opportunity for investors and the industry to come together to draft formal policies addressing current and delinquent loans beyond standard property preservation guidelines when a disaster occurs. Mortgage servicers and their property preservation partners also need to continue to work with the investors so we are calling the right plays in the event of a natural disaster. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Sign up for DS News Daily January 11, 2018 1,675 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Womans who became trapped calls for signs warning of ‘Five Fingers Strand’ quick sand…

first_img Womans who became trapped calls for signs warning of ‘Five Fingers Strand’ quick sand dangers News Previous articleHuge boost for Raphoe as football club development plans get the go aheadNext articleNewspaper editor fined equivalent of €1,200 for Michaela McAreavey photos News Highland Google+ Publicans in Republic watching closely as North reopens further RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Pinterest Community Enhancement Programme open for applications By News Highland – May 30, 2013 Facebookcenter_img Renewed calls for full-time Garda in Kilmacrennan WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population grows Pinterest Facebook Twitter Five Fingers StrandA Belfast woman who sunk and became trapped in sand on the Five Fingers Strand in Inishowen has called on the council to erect signs warning of the danger.The scenic stretch of beach near Malin Head is hugely popular with locals and visitors alike, however ‘Jan’ has told how she and her husband had a lucky escape.She has told the Shaun Doherty Show how she was terrified when they became trapped in sand, her husband escaped quickly but ‘Jan’s’ struggled to free both her arms and legs.Jan says she spoke out to warn others and has asked the council to assist in that regard:[podcast][/podcast]last_img read more

Police investigating nearly $350K in jewelry thefts for two Trump Tower residents

first_imgiStock(NEW YORK) — The New York City Police Department is investigating two pricey jewelry thefts from residents of Trump Tower while they were on vacation.A 33-year-old woman told police that $117,000 in jewelry was stolen when she was away between Sept. 4 and Sept. 10, ABC New York station WABC-TV reported. The item was a Graff diamond bracelet. She lived on the 59th floor, according to The New York Times.Another resident, a 69-year-old woman, said about $230,000 in jewelry went missing between June 21 and Sept. 9. This included a Harry Winston diamond bracelet, another bracelet, ring and necklace — all with diamonds and sapphires — and a pair of diamond and emerald earrings.The pieces were all in a drawer in her closet on the 42nd floor, according to the Times.Both women said they noticed the jewelry was missing when they returned home from vacation. There was no sign of a break-in at either apartment.It is unclear whether one person is responsible for the thefts or if there is more than one suspect. The NYPD Major Case Squad is investigating.Copyright © 2019, ABC Radio. All rights reserved.last_img read more


first_imgWe hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?IS IT TRUE this coming Tuesday, November 12, 2019, is the deadline for you to pay your property taxes?IS IT TRUE we are told that Mayor Winnecke is negotiating with two of the largest riverboat cruise companies in the United States to convince them to begin stopping in Evansville? …if Mayor Winnecke can pull off this feat it would have a serious economic impact for the City of Evansville and downtown businesses? …this is a developing a story?IS IT TRUE that Evansville has one of the most charismatic and hard-working Mayors in years? …Mr. Winnecke is also very personable and likable? …since he now has to deal with a 7 t0 2 Democratic majority City Council we predict that he will be forced to put more focus on budgetary issues and stop going along with every capital project that comes along? …that Mayor Winnecke has a lot of talented people surrounding him and he should start seeking their advice before he agrees to invest money on any future big-ticket capital projects?IS IT TRUE one should never forget when one invests in a multi-million capital project they should also make financial provisions to do long term preventive maintenance on the project?IS IT TRUE we are told by several of our golfing “Moles” that it looks like the fix may be in? …they predict the Board of Park Commissioners will decide to close down Wesselman Par 3 Golf Course? ..everybody knows that the Evansville Parks Board are political appointments and they generally do what the politicians want?IS IT TRUE we are told that the choice for the next Evansville City Council attorney will be most interesting?IS IT TRUE when a Chairman of a political party sweeps an election he takes total credit for this accomplishment? …when a Chairman of political party loses he blames everyone else for the loss?IS IT TRUE we are getting a big kick out of watching a couple of newly elected City Councilmembers jockeying for a leadership position on 2020 Council?IS IT TRUE that sometimes the names change but the games remain the same?IS IT TRUE that individuals who like to be kept abreast of the current and future political happenings in Indiana should read an extremely well-researched article written By Mary Beth Schneider of …this article is entitled “Patches Of Blue In The Red Sea” is posted in today’s City-County Observer?IS IT TRUE we are told that the practice of not posting unrecorded accounts payable in a timely manner has come to an end starting in 2020? …that Finra and the SEC now require cities with populations greater than 100k to submit the year-end financial report to the State Board of Accounts by using the accrual method of accounting?IS IT TRUE we wonder if the Evansville City Controller Russ Lloyd Jr., CPA has paid all the city employees health care bills for this year? …our guess is a resounding “NO”?IS IT TRUE that our newly elected City officials are the stewards of the public trust and we hope that the 2020 City Council will start acting like it?IS IT TRUE that the Vanderburgh County Superior Court Judge Richard G. D’Amour is doing an outstanding job for the citizens of Vanderburgh County?IS IT TRUE on October 30, 2019, DMD Director Kelly Coures sent the following e-mail to members of the ERC Board of Directors? …he said: “I got an e-mail from Randy this morning about the announcement of the project the former IGA site which stated that there was unawareness of the project by the ERC? …Mr. Coures also stated that “It was my understanding that we discussed the project with ERC at the last meeting the ERC approved the initial resolution to begin the work on issuing $1.5 million in TIF bonds for the project and we discuss the parameters of the project living units with a commercial element? …also wrote that “you approved the funding for the grocery store market study earlier this summer which we are still working on with the developer”? …Coures concluded that “The announcement this morning is a nice cornerstone to what we have been doing the area the last eight years”?IS IT TRUE we are told that Mr. Coures is attempting to find out who sent us the above e-mail? …the answer is “MOLE 29”?Today’s “Readers Poll” question is: WHAT FUTURE DIRECTION WOULD YOU LIKE FOR THE CITY-COUNTY OBSERVER TAKE?FOOTNOTES: If you would like to advertise on the CCO please contact us at City-County [email protected] Observer Comment Policy. Be kind to people. No personal attacks or harassment will not be tolerated and shall be removed from our site. We understand that sometimes people don’t always agree and discussions may become a little heated. The use of offensive language, insults against commenters will not be tolerated and will be removed from our site.Any reader’s comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers FacebookTwitterCopy LinkEmailSharelast_img read more