Malta cancels eight licences and suspends four in 2018

first_imgCasino & games Malta cancels eight licences and suspends four in 2018 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Regions: Europe Southern Europe Malta 2nd July 2019 | By contenteditor The Malta Gaming Authority (MGA) has revealed how its emphasis on ‘effective enforcement’ of regulations in 2018 led to the cancellation of eight licences and suspension of another four.For the latter part of 2018, Malta was operating under new gaming laws, which came into effect on August 1 after approval from the Maltese Parliament in May of the same year. The laws handed the MGA greater powers in terms of both compliance and enforcement.In its annual report, the MGA said that it issued 16 Notices of Reprimand and 73 Notices of Breach over the course of the year. The regulator also handed out a total of 139 administrative fines to operators for various regulatory breaches.The majority of the fines were in relation to operators failing to submit periodic reports, as required required by law in Malta, while other penalties were issued for a breach of the licence conditions and failure to notify the MGA seek approval to make certain changes to their operations.Meanwhile, the MGA conducted a total of 33 full-scope investigations regarding anti-money laundering and combating the financing of terrorism in order to clamp down on these issues and their links to the gambling industry.The MGA’s Fit & Proper Committee also deemed 63 individuals or companies to be unsuitable for a licence or role in a licence. In total, 37 were considered as not having satisfied the integrity and reputation requirements of the MGA’s fit and proper criteria due connections to money laundering or funding of terrorism.Meanwhile, jointly with the Financial Intelligence Analysis Unit (FIAU), the MGA implemented the Remote Gaming Implementing Procedures – Part II, directed at the remote gaming sector. This involved both organisations working together on cooperative initiatives to strengthen oversight of the gaming sector.However, just eight licence applications were rejected in 2018, while 93 were issued. A total of 209 licence applications were put forward, with the others still in the acceptance process.Land-based self-exclusion requests were up 14% year-on-year to 1,585, while requests from players to exclude themselves form websites operating under an MGA licence stood at 1.3m.The MGA is planning to launch unified self-exclusion system covering all of its online licensees and in March of this year commenced a preliminary market consultation to gather stakeholder feedback on the proposal.“2018 was a remarkable year for the Authority, predominantly because of the coming into force of the new law,” MGA chief executive, Heathcliff Farrugia, said.“The new framework strengthened the MGA’s supervisory role, specifically in the areas of compliance and enforcement, enabling it to focus efforts on areas which present a higher risk profile.“The new regulatory regime has also been pivotal in ensuring the Authority could become more agile in its decision-making.”In terms of the MGA’s focus for 2019, Farrugia said that the organisation will seek to build on its efforts last year and continue with its strict approach to enforcement.“The MGA’s focus will be that of consolidating what has been built so far, and continue building on its regulatory powers, to ensure holistic regulatory oversight focusing on the integrity of market participants and the protection of consumers, whilst also embracing technological innovation without prejudicing the attainment of its regulatory objectives,” he said. The Malta Gaming Authority (MGA) has revealed how effective enforcement of the island’s gambling regulations in 2018 led to the cancellation of eight licences and suspension of another four. Tags: Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

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Republic Bank (Ghana) Limited (RBGH.gh) 2018 Annual Report

first_imgRepublic Bank (Ghana) Limited (RBGH.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2018 annual report.For more information about Republic Bank (Ghana) Limited (RBGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Republic Bank (Ghana) Limited (RBGH.gh) company page on AfricanFinancials.Document: Republic Bank (Ghana) Limited (RBGH.gh)  2018 annual report.Company ProfileRepublic Bank (Ghana) Limited, formerly known as HFC Bank Limited, is a financial services institution in Ghana offering banking products and services for the investment, corporate, retail and mortgage sectors as well as solutions for asset management, property management and development services. The company is focused on 4 segments: consumer, mortgage, corporate and microfinance banking. Mortgage banking services include home equity, home purchase or improvement mortgages and public-sector home schemes. Investment banking services include asset management, financial advisory, brokerage and managed funds. The commercial division offers a full-service product and service offering including home, education, executive and business loans and foreign trade and document processing services. Private banking services include cash management, investment accounts, mortgage facilities and safe custody services. Republic Bank (Ghana) Limited also provides foreign currency, institutional finance and electronic and mobile banking services. Republic Bank (Ghana) Limited is a subsidiary of Republic Financial Holdings Limited. Republic Bank (Ghana) Limited is listed on the Ghana Stock Exchangelast_img read more

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2,305 vote-by-mail and early voting ballots cast in Apopka elections

first_img Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Decision Apopka 2018For most of the early voting/mail-in-ballot cycle, Apopka voters had lagged behind their performance in the 2014 election. But in the last week, a surge of votes received seems to suggest the 2018 election may have a larger turnout than its predecessor.Going into the last weekend before Election Day, the Orange County Supervisor of Elections (OCSE) office has received 2,305 ballots for the Apopka Mayoral and City Commission (Seats #1 and #2) races.Of the 2,305 votes either cast early or received by mail-in-ballots, 48.25% are Republican, 36.22% are Democrat, and 15.64% are non-party affiliation. 1,260 of the votes received were from Precinct 9104 (VFW/Apopka Community Center), which is 6.73% of its registered voters (18,732). 1,045 votes have been received from Precinct 9204 (Northwest Recreation Facility) which represents 8.35% of its registered voters (12,250). Overall, 7.38% of Apopka’s 31,252 voters have either mailed-in their ballots or voted early at the Supervisor of Elections Office in Orlando.In the 2014 Apopka Mayoral general election, 47.8% (2,372) of the electorate voted by mail, while 52.2% (2,589) voted the day of the election, and Republicans outdistanced Democrats at the polls 49.64%-33.17%, with “other” and no affiliation making up 17.17% of the electorate. LEAVE A REPLY Cancel reply TAGSDecision Apopka 2018Mail-in-ballots Previous articleApopka expands summer youth employment programNext articleThe Secrets of Sleep, Part 1 Denise Connell RELATED ARTICLESMORE FROM AUTHOR 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 Share on Facebook Tweet on Twitter Please enter your name here Please enter your comment! Save my name, email, and website in this browser for the next time I comment.last_img read more

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Genius lineout tactic catches France off guard way back in 1988

first_imgThursday Feb 7, 2019 Genius lineout tactic catches France off guard way back in 1988 Spain may not be known for their rugby prowess the world over but they do have a rich history with the sport, and a growing, passionate set of players and fans. Thirty years ago they employed a fairly unique move, the likes of which we certainly haven’t seen often in international rugby.ADVERTISEMENTIn this 1988 match against France in the FIRA Trophy, Spain were on the attack 5m out and rather than go for something a bit more traditional – even without lifting in those days – they went for an underarm lineout throw tactic.While it looked a bit strange, it actually worked out really well and created a bit of momentum for the forwards, leading to a try for winger Luis Fernano Martin.It was a home match for Spain, in Madrid, so the local fans were treated to a bit of inventive play that is even all these years back, is fantastic to see.Have you ever seen this done in a high profile match? Let us know in the comments Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Philanthropy awards will honour top donors

first_imgPhilanthropy awards will honour top donors AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  23 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Community Foundation for Ireland (CFI) has announced the inauguration of The Philanthropist of the Year Awards scheme. The awards will be made to individuals in two categories: a national award for philanthropic work undertaken in Ireland and an international philanthropist award. The Taoiseach, Mr. Bertie Ahern, TD welcomed the introduction of the Awards and said: I want to congratulate the Community Foundation for Ireland on their announcement of the Philanthropist of the Year Awards. I believe the awards will highlight the need and opportunities for more philanthropic activity in Ireland and also to encourage more of the affluent beneficiaries of Ireland’s successful economy to give back to the community.Tina Roche, Chief Executive of CFI, said the foundation wanted to shine a light on those special individuals who are engaged in putting their energy, commitment and resources together to make a significant long term contribution, both here in Ireland and throughout the world. Advertisement Tagged with: Irelandcenter_img Howard Lake | 10 April 2007 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The Philanthropist of the Year Awards will honour individuals with a proven record of exceptional generosity relative to their means who, through their engagement and direct financial support, demonstrate outstanding civic and charitable responsibility. It is hoped that the award winners’ generosity will encourage others to take philanthropic leadership roles on a community, national and/or international level.Nominations will be invited mainly from recipients of philanthropy – including community and voluntary organisations, charities, welfare groups, arts and sports bodies, churches and foundations who work in partnership with philanthropists and have knowledge of the value and impact of the contribution and benefit that a donor has made. Closing date for nominations will be 12 October. An independent panel of adjudicators will announce a shortlist on 1 November and will then select the winners. The awards will be presented at an event in Dublin on 15 November 2007 – International Philanthropy Day.Surveys show that there are now more than 100,000 millionaires in Ireland, and over 5,000 people with assets of ‚€25 million plus and a significant number with assets over ‚€100 million. We want more of these successful people to think strategically about their wealth, to understand that they can make a really positive impact on their communities with that wealth, said Ms Roche. www.communityfoundation.ielast_img read more

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Mosaic Announces Launch of Global Specialty Insurance Platform With Next-Generation Underwriting Capabilities

first_img Pinterest Twitter By Digital AIM Web Support – February 4, 2021 Mosaic Announces Launch of Global Specialty Insurance Platform With Next-Generation Underwriting Capabilities Twitter WhatsApp WhatsApp Facebookcenter_img TAGS  Facebook HAMILTON, Bermuda–(BUSINESS WIRE)–Feb 4, 2021– Mosaic, a next-generation global specialty insurer combining newly-formed Lloyd’s Syndicate 1609 with sophisticated underwriting talent, has launched operations in Bermuda, London, the United States and Asia. Mosaic is founded by seasoned industry executive Mitch Blaser, who serves as the company’s CEO. Golden Gate Capital, a leading private-equity investment firm with more than $17 billion of committed capital, is Mosaic’s anchor investor. Golden Gate Capital will hold a majority stake in Mosaic through its financial services portfolio company, Angel Island Capital. Mosaic’s leadership team has also invested in the company. Mosaic combines Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency, enabling the company to identify, source and underwrite business on behalf of itself along with other trade-capital partners. A primary-layer lead market, Mosaic is focused on high-value, specialty lines of business with steep technical barriers to entry and strong growth trends, including Transactional Liability, Cyber, Political Risk, Political Violence, Environmental, Financial and Professional Lines. “We saw a unique opportunity in the market and envisioned a powerful new way to syndicate capital to manage clients’ most complex risks,” said Blaser. “While current conditions, including COVID-19, a hardening market, and geopolitical and technology exposures, are driving heightened demand for the products we offer, our vision is long-term. Led by a team of recognised talent with a proven track record, Mosaic is creating a new model for the industry—set apart by a clean balance sheet, an insurtech platform and disciplined focus on specialty products.” Mosaic’s leadership team members bring deep experience in building profitable global specialty businesses, both at Lloyd’s, where they achieved top-quartile performance, and internationally. In addition to Blaser, a 40-year industry leader and founding executive of Bermuda-based Ironshore, the team includes Lisa Fontanetta, Chief of Staff; Krishnan Ethirajan, Chief Operating Officer; Oz Haque, Chief Financial Officer; Chris Brown, EVP, Syndicated Capital Management; Charlie Mackay, EVP, Active Underwriter, Mosaic Syndicate 1609; and Olly Reeves, Group Chief Risk Officer. “The strategic partnerships we’ve established provide a fantastic platform to build our leading global specialty brand,” added Blaser. “Golden Gate is the perfect investment partner, with a long-term investment philosophy, permanent capital structure and significant insurance and financial services expertise.” “We are very excited to partner with Mitch and the best-in-class Mosaic team on this new venture,” said Dan Haspel, a Managing Director at Golden Gate Capital. “This is a very opportune time to invest, as Mosaic’s specialty lines insurance platform will be well-positioned to capitalize on the growing demand for additional risk capacity, driven by the hardening rate environment.” Mosaic has teamed with global providers to leverage disruptive technologies—including blockchain, machine-learning algorithms, advanced analytics, intelligent automation, straight-through processing and actuarial software—to build a market-leading insurtech platform. Mosaic offers end-to-end digital efficiencies, advancing Lloyd’s Blueprints’ call for intuitive risk exchange. Mosaic has partnered with Asta Managing Agency, the leading third-party managing agent at Lloyd’s, which will provide a range of oversight and governance services to Syndicate 1609. About Mosaic Mosaic is a next-generation global specialty insurer harnessing visionary leadership, unmatched underwriting talent, a focus on complex product lines, and a digitised operating model. Coupling Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency, Mosaic is uniquely positioned to offer capacity to clients in leading markets around the world. For details, visit http://mosaicinsurance.com/ and follow @Mosaic1609. About Golden Gate Capital Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Representative financial services investments sponsored by Golden Gate Capital include Nassau Financial Group, Williston Financial Group, Aperio Group, LLC and Angel Island Capital Management, LLC. For more information, visit www.goldengatecap.com. About Asta Asta Managing Agency is the leading third-party managing agent at Lloyd’s and is responsible for 10 syndicates and three SPAs with capacity under management in 2021 of more than £1.3 billion. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204005696/en/ CONTACT: Mosaic Rosemary Jones 1-441-337-4696 /[email protected] Verbinnen & Co David Isaacs / Chloe Clifford [email protected] KEYWORD: BERMUDA CARIBBEAN INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: Mosaic Copyright Business Wire 2021. PUB: 02/04/2021 09:00 AM/DISC: 02/04/2021 09:01 AM http://www.businesswire.com/news/home/20210204005696/en Pinterest Local NewsBusiness Previous articleUS Patent and Trademark Office (USPTO) Awards Hughes Tool Company Inc. Patent for Revolutionary Invention That Eliminates Battery Challenges and Limitations for Electric Vehicles (EV)Next articleSoftwareReviews Announces Digital Workspace Award Winners Digital AIM Web Supportlast_img read more

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Bipartisan Bill Tackles Robocalls and Debt Collection

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Bipartisan Bill Tackles Robocalls and Debt Collection Energy and Commerce Chairman Frank Pallone, Jr. and Ranking Member Greg Walden have unveiled the bipartisan Stopping Bad Robocalls Act.“Americans deserve to be free of the daily danger and harassment of robocalls,” Pallone and Walden said in a statement.  “It’s time we end the robocall epidemic and restore trust back into our phone system. We’re pleased to announce we’ve reached a deal on comprehensive bipartisan legislation to stop illegal robocalls.”“The bipartisan Stopping Bad Robocalls Act offers consumers a way out by ensuring that every call they get is verified,” Pallone and Walden continued.  “Americans should be able to block robocalls in a consistent and transparent way without being charged extra for it. Our legislation also gives the FCC and law enforcement the authority to enforce the law and quickly go after scammers.  We look forward to moving this bill through the Communications and Technology Subcommittee next week.”The New York Times reports that the bipartisan bill came a month after “the Senate overwhelmingly approved separate anti-robocall legislation to respond to constituent furor over unwanted calls.” NYT notes that consumer advocates believe the Senate action didn’t go far enough, though it is one of several steps being taken to curb robocalls and “autodialers.”In May, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). According to the CFPB, the proposal would provide consumers with clearer protections against harassment by debt collectors, including robocalls. For mortgage servicers and other debt collectors, these outlines require a closer look.The National Mortgage Servicing Association (NMSA) last year wrote a letter to the to the Federal Communications Commision (FCC), outlining their suggestions for changes to regulations imposed by the TCPA. One suggestion involved a re-examination of the definition of an “autodialer.” For example, the NMSA proposed that it should be made clear that the definition of an autodialer does not include dialing from a list, and that the technology used must involve both generating a phone number in random or sequential order and calling that generated number. in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Bipartisan Bill Tackles Robocalls and Debt Collection Debt Collection Robocalls Servicers 2019-06-21 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Home Sales Data for May Reveals Positive Outlook Next: New Digital Lending Experience Launched by Two Companies Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post June 21, 2019 1,199 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Debt Collection Robocalls Servicers Sign up for DS News Daily About Author: Seth Welborn Subscribelast_img read more

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Housing Leaders Praise Supreme Court LGBTQ Decision

first_imgHome / Daily Dose / Housing Leaders Praise Supreme Court LGBTQ Decision Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Save  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Diversity mortgage 2020-06-19 Seth Welborn Tagged with: Diversity mortgage Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. June 19, 2020 1,102 Views Previous: Mortgage Forbearances Down by 57,000 Next: Appraisals at a Distance The Best Markets For Residential Property Investors 2 days ago Housing Leaders Praise Supreme Court LGBTQ Decisioncenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Supreme Court ruled that LGBTQ workers are protected under existing civil rights laws after a move praised by mortgage industry leaders, including members of the American Mortgage Diversity Council (AMDC).AMDC Chair Lola Oyewole, VP, Human Resources and Chief Diversity & Inclusion of Ocwen Financial Corporation said, “This is a historic moment for the LGBTQ+ community, extending protections aimed at prohibiting discrimination is a positive step towards the change we all need and deserve.”“Diversity and Inclusion is inherent in Aspen’s values and culture and we strongly believe that a diverse workforce enhances our product and service offerings to our clients, brings new ideas and thinking and drives inclusion and motivation across the business,” said Ed Buckley, Brand Ambassador at Aspen Grove Solutions. “In a perfect world we would not need laws to protect against discrimination, but as we live in an imperfect world, it is great to see these protections being solidified.”The AMDC also discussed homeownership and workplace challenges faced by the LGBTQ community in a white paper, which you can read here.In response to the Supreme Court’s decision, Jodi Gaines, Chief Client Officer for Insight One Financial, stated, “As Vice Chair of AMDC, I am proud of all the work our group is doing to raise awareness, provide education and training, as well as making sure everyone has a voice and is treated fairly—simply put, doing the right thing. It is through these types of efforts and more that we will continue to make progress and improvements. There is still much work to be done however I’m confident we are heading in the right direction.”“Those of us doing the work of diversity, equity, and inclusion, as well as those who are champions for justice, know that terminations based on identity are wrong,” said AMDC Advisory Council member Charmaine Brown, Sr. Consultant, Alignment Strategies. “This is a big victory that must now be guarded to ensure enforcement. The AMDC previously held town halls with the LGBTQ community and leaders in 2017 and released a white paper which validated the discrimination faced by our LGBTQ fellow human beings in housing and employment. I encourage you to read the report and share it with your leadership teams.To learn more about the AMDC’s research and advocacy in the LQBTQ space, click here. Subscribelast_img read more

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Overall Mortgage Forbearance Volume Increases

first_img Related Articles Overall Mortgage Forbearance Volume Increases Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-01-26 Christina Hughes Babb in Daily Dose, Featured, Market Studies, News About Author: Chuck Green Home / Daily Dose / Overall Mortgage Forbearance Volume Increases Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribecenter_img  Print This Post Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago January 26, 2021 1,826 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Economists Predict Even Bigger Housing Market Growth in 2021 Next: Bear Witness: Maine Requires Direct Testimony Share 1Save Due largely to forbearance programs, home is remaining sweet home, at least for the time being.  There was a slight uptick—from 5.37% of servicers’ portfolio volume in the prior week to 5.38% as of January 17, 2021—in the total number of loans now in forbearance, according to MBA’s estimate, 2.7 million homeowners are in forbearance plans.  The total number of loans now in forbearance increased slightly from 5.37% of servicers’ portfolio volume in the prior week to 5.38% as of January 17, 2021. According to MBA’s estimate, 2.7 million homeowners are in forbearance plans.  There was a drop of 3.11% or a 2-basis point upgrade in the share of Fannie Mae and Freddie Mac loans in forbearance. Meantime, Ginnie Mae loans in forbearance retreated 6 basis points to 7.61%. More dramatically, there was a bounce of 26 basis points to 8.94% in the forbearance share for portfolio loans and private-label securities. At 5.79%, the percentage of loans in forbearance for independent mortgage bank services held compared to the week before. Loans in forbearance for depository servicers spiked 3 basis points to 5.36%. At +2.3%, Wyoming’s the lone state with a year-over-year jump, while California, at -9.3%, paced the five states with the largest year-over-year decrease in the RHPI. It was followed by Massachusetts and Louisiana, both of which were at -8.5%; and New York and Hawaii, -7.7% each. Meanwhile, at +4.7%, Cleveland held the top hand among the Core Based Statistical Areas tracked by First American with the widest year-over-year humps in the RHPI. Rounding out the top five were Pittsburgh, +2.4%; Kansas City, +2.3%; Hartford, Conn, at +1.2%; and Memphis, +0.7%. San Francisco, -17.5%, paced the markets with the greatest year-over-year decrease in the RHPI among the Core Based Statistical Areas First American monitored. San Jose, -14.0%; Boston, -12.2 percent; Miami, -11.0%; and San Diego, -9.7%, followed. A total of 18.17% of total loans in forbearance are in the initial forbearance plan stage; 79.31% are in a forbearance extension. Forbearance re-entries stand at 2.52%. Total weekly forbearance requests as a percent of servicing portfolio volume (#) held at 0.07%, similar to the previous two weeks. “The small increase in the share of loans in forbearance was led by a gain in the portfolio/PLS loan segment. The good news is that the forbearance numbers for GSE loans continues to decline more consistently, as these borrowers typically have stronger credit and more stable employment,” said Mike Fratantoni, MBA’s senior vice president and chief economist. “The rate of exits from forbearance slowed in the prior week, while the rate of new forbearance requests remained steady at a low level.” “The latest housing market data show strong momentum entering 2021, with both the pace of home sales and new construction booming,” he continued. “We expect that this strong market could benefit homeowners who need to sell their home, as record-low inventory is causing for-sale homes to go under contract quickly and is pushing up home prices.” last_img read more

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SC Acquits Man Accused Of Selling Adulterated Haldi Powder; Finally Disposes 38 Year Old Criminal Case [Read Judgment]

first_imgNews UpdatesSC Acquits Man Accused Of Selling Adulterated Haldi Powder; Finally Disposes 38 Year Old Criminal Case [Read Judgment] LIVELAW NEWS NETWORK30 July 2020 8:24 AMShare This – xThe Supreme Court has acquitted a man accused of selling adulterated Haldi Powder while finally disposing a criminal case which started 38 years ago.The Court, among other things, noted that in this case the public analyst does not mention that the sample was either “insect infested” or was “unfit for human consumption”, and in the absence of such an opinion, the requirements of Section 2…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court has acquitted a man accused of selling adulterated Haldi Powder while finally disposing a criminal case which started 38 years ago.The Court, among other things, noted that in this case the public analyst does not mention that the sample was either “insect infested” or was “unfit for human consumption”, and in the absence of such an opinion, the requirements of Section 2 (1a)(f) of the Prevention of Food Adulteration Act, 1954, cannot be said to have been established. In 1982, Prem Chand was charged under various provisions of the Prevention of Food Adulteration Act for selling adulterated Haldi Powder.  The report of the public analyst stated that the sample was found to contain four living meal worms and two live weevils. The criminal case against him went on in Trial Court for thirteen long years and he got acquitted. The state filed appeal before the High Court, and vide judgment dated 09.12.2009, it convicted and sentenced him to undergo imprisonment for six months. Prem Chand filed appeal before the Supreme court and contended that the report of the public analyst no where mentions that the sample was either ‘insect infested’ or was ‘unfit for human consumption’. Allowing his appeal after more than a decade, the bench comprising of Justices NV Ramana, Surya Kant and Krishna Murari, referring to the evidence on record, observed: “We note that the cross­examination of the medical officer (P.W­2) reveals that he did not find any weevils/worms in the sample on seeing it with naked eyes. Although, the food inspector (P.W­1) stated that the sample was dispatched to the public analyst on the next date, however, no parcel receipt was produced to that extent. Although, the sample was received in the office of the public analyst on 20.08.1982 and the report was finalized on 07.09.1982 after the delay of 18 days. There is no evidence that the samples were not tampered within the intervening period, therefore benefit of doubt accrues in favor of the accused. Moreover, the report of the public analyst does not mention that the sample was either “insect infested” or was “unfit for human consumption”, in the absence of such an opinion, the prosecution has failed to establish the requirements of Section 2 (1a)(f) of the Act (See Delhi Administration. v. Sat Sarup Sharma, 1994 Supp (3) SCC 4 324). Moreover, no evidence has been adduced by the prosecution to prove the offence under Section 16 (1) of the Act either before the trial court or the High Court. “Case no.: CRIMINAL APPEAL No. 2255 OF 2010Case name: PREM CHAND Vs. STATE OF HARYANA Coram: Justices NV Ramana, Surya Kant and Krishna Murari,Click here to Read/Download JudgmentRead Judgment Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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