whatsapp THE government’s fiscal watchdog should be entirely independent of the Treasury, an influential group of MPs has said, if it is to avoid accusations of political bias. In its first report on the Office for Budget Responsibility (OBR), published today, the powerful Treasury Select Committee says the watchdog should be “an institution with its own legal personality, responsible for appointing its own staff”.The OBR, which is charged with providing economic forecasts free from political interference, is currently an adjunct of the Treasury and borrows most of its staff on secondment, leading to accusations that it cannot be truly independent. Its autonomy was called into question in June, after former chair Sir Alan Budd rushed out unemployment forecasts ahead of schedule, allowing David Cameron to use the figures as ammunition in a highly-charged session of Prime Minister’s questions.Andrew Tyrie, chairman of the committee, said: “For the OBR to succeed, it will have to be, and be seen to be, independent, particularly after the difficult early period of the interim body.”George Osborne set up the OBR to stop chancellors from “fiddling the figures to fit the Budget”, but today’s report will put him under pressure to make the body more independent than originally envisaged. An aide to Osborne said he had already pledged to house the OBR in a building outside of the Treasury, but that he had not yet taken a view on whether it should be legally independent. But Chuka Umunna, a Labour member of the select committee, said: “Just putting it in a different building is not enough to give the public and the City the impression that it is independent.”The Treasury select committee has already convinced the chancellor to give it a veto over any plans to hire or dismiss the OBR’s chairman. Last week it approved the appointment of Robert Chote, formerly director of the Institute of Fiscal Studies, as the new chair. The OBR is currently operating on an interim basis, and its final incarnation will depend on legislation due in the Autumn. KCS-content Show Comments ▼ MPs warn over Osborne watchdog Share whatsapp Monday 20 September 2010 9:36 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tags: NULL
Wednesday 9 March 2011 8:48 pm whatsapp whatsapp SHARES of International Business Machines (IBM) hit a lifetime high yesterday as analysts welcomed the tech giant’s commitment to double its profit by 2015.IBM shares rose as much as 3.3 per cent to $167.72 (£103.50), their highest level on record adjusted for stock splits, as analysts raised their target price on the company, the day after it reaffirmed its ambitious 2015 earnings target of doubling profit to at least £20 per share. The optimism was limited to IBM. Shares of rivals Microsoft, Apple and Hewlett-Packard all fell. Share KCS-content IBM stocks hit a lifetime high Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Show Comments ▼ Tags: NULL
Associated Bus Company Plc (ABCTRA.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2015 interim results for the third quarter.For more information about Associated Bus Company Plc (ABCTRA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Associated Bus Company Plc (ABCTRA.ng) company page on AfricanFinancials.Document: Associated Bus Company Plc (ABCTRA.ng) 2015 interim results for the third quarter.Company ProfileAssociated Bus Company (ABC) Plc is a leading road passenger transportation company in Nigeria offering a luxury bus service for the discerning traveller. Known as ABC Transport, the company operates a luxury bus service and covers the most important routes between the major towns and cities of Nigeria as well as international travel options in West Africa. Associated Bus Company also owns and operates a budget hotel. Operations within and outside Nigeria are managed through ultra-modern terminals with comfortable lounges in major cities such as Lagos (Jibowu & Amuwo-Odofin), Aba, Owerri, Port-Harcourt, Abuja, Enugu, Onitsha, Umuahia, Jos, Mbaise, Bolade, and Accra (Ghana). Luxury buses owned and operated by the ABC Bus Company bear the distinguished Reindeer logo which has been adopted to symbolise strength, speed and efficiency. ABC Bus Company was awarded the prestigious title of Best Transporter in Nigeria by the Chartered Institute of Transport. The company consistently wins the National Bus Operator of the Year Award along with other accolades by renowned bodies. Capital Alliance Private Equity (CAPE) has a 30% stake in ABC Transport. The company’s head office is in Lagos, Nigeria. Associated Bus Company (ABC) Plc is listed on the Nigerian Stock Exchange
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. 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In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Michael Taylor | Tuesday, 31st December, 2019 Our 6 ‘Best Buys Now’ Shares 3 habits of successful investors that you can start today Enter Your Email Address Many people believe that investing is incredibly complex, and something that only geniuses can do. But investing is not a game where the smartest win – it’s a game where those with the best habits outperform.People can spend hours in front of spreadsheets computing discounted cash flows, the net present value of various company projects, and the internal rate of return on all of these, but if investing could be quantified completely then everyone would be rich.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Investing isn’t just a science. It’s an art. Sure, you can tot up the assets and projected cash inflows during the asset’s useful lifetime value, but where in the spreadsheet do you put the strained relationship between the chief executive officer and the chief financial officer? Some things just can’t be quantified. Patience is a virtueAll the great investors over time have exercised great patience. Warren Buffett is quoted as having said his favourite holding period as “forever“. In the short run, the market is a gamble. It’s very hard to predict what the entire market is going to do short term – humans aren’t rational and they are dictated by their emotions. Fear and greed are exacerbated in stock prices when the outcome depends on short-term events.But in the long run, the stock market recognises value. That’s why it’s key to have patience. It may take a while for the market to wake up and realise, but the importance of research and sticking to one’s guns pays handsome profits in the long run.Don’t be afraid to go it aloneA healthy degree of contrarianism is required to be successful in stocks. Ideally, we want to be one of the earlier people at the party. We don’t need to be first, but finding a stock that everyone thinks is dirt, which is actually gold is what makes people money. Being right early, and holding on as the market eventually discovers what you found a while ago, is how many successful investors have made millions. Of course – being one of the earlier people to the party means that we will be considered ‘wrong’. If wanting to be right in other peoples’ eyes matters to you, well, being a successful investor is going to be tough. Lone wolves beat sheeple every time.They put in the workInvesting is one of the only professions that people think they can turn excel at with no skills or experience and still get rich. That’s just not the case, and like any skill, it needs to be honed and refined.It’s also a numbers game. The person who looks at 100 stocks is going to have a better chance of finding a gem than someone looking at 20. If you want to be successful – put in the hours to find a great stock that the market hasn’t discovered yet. Then be patient enough to let your thesis play out in the market. Simply click below to discover how you can take advantage of this. See all posts by Michael Taylor
“COPY” Guest Pavilion in Villa Magnolia / El Muelle ArquitectosSave this projectSaveGuest Pavilion in Villa Magnolia / El Muelle Arquitectos Projects Spain CopyAbout this officeEl Muelle ArquitectosOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsCultural ArchitectureMuseums & ExhibitPavilionResidential ArchitectureHousesMarbellaSpainPublished on July 24, 2018Cite: “Guest Pavilion in Villa Magnolia / El Muelle Arquitectos” [Pabellón de invitados de Villa Magnolia / El Muelle Arquitectos] 24 Jul 2018. ArchDaily. Accessed 11 Jun 2021.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis41 Sector bodies including NCVO, ACEVO, and Small Charities Coalition are to collaborate on a new digital code of practice for charities.The aim of the Charity Digital Code of Practice will be to make digital more accessible to charities of all sizes by helping to develop their skills and increase their take up of digital activity. It will also aim to create a level playing field for all organisations by increasing motivation and confidence, and to make charities more accessible for beneficiaries, create new opportunities for funders to engage with digital, and enhance collaboration across the sector.It will include best practice guidelines and will be free to access with versions for small as well as large organisations.The Charity Digital Code of Practice is due to launch at the end of the year. Funded by Lloyds Banking Group and the Co-op Foundation, it is being developed by a steering group of charity leaders in consultation with the wider sector. This will be chaired by Zoe Amar, founder of Zoe Amar Digital, with representatives from organisations including ACEVO, The Small Charities Coalition, the NCVO, Office for Civil Society, and the Charity Commission.The consultation will open this summer with the sector also invited to share their views now using the hashtag #charitydigitalcode. Melanie May | 29 March 2018 | News According to latest Lloyds Bank’s UK Business Digital Index, more than 100,000 charities do not have basic digital skills, while the number of charities with low digital capabilities has grown from 12% to 16%, and 50% of charity leaders lack confidence in introducing digital change. Zoe Amar Digital’s latest Charity Digital Skills Report also shows that the majority of charities (69%) cite their board’s digital skills as low or having room for improvement. 191 total views, 3 views today First Digital Code of Practice for charity sector announced About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Tagged with: best practice Digital 192 total views, 4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis41
Ahmed Mohamed es un estudiante de noveno grado de ascendencia sudanesa que asistió a la escuela superior MacArthur en la ciudad de Irving-Texas. Cuando el 14 de septiembre él trajo a su salón de clases un reloj digital que había hecho, la policía lo interrogó, lo detuvo y se lo llevaron esposado, tomándole también las huellas digitales. La administración de la escuela lo suspendió por tres días.¿Por qué este traumático evento ocurrió a un joven considerado por muchos como un brillante inventor? Según los informes iniciales, funcionarios escolares, incluyendo su profesor de inglés, dijeron que el reloj parecía una “bomba”. Decirle a los maestros que no era una bomba, no impidió la detención del joven estudiante. Sin embargo, la verdad empezó a salir en cuestión de días – este muchacho de 14 años fue atacado debido a su nacionalidad y su fe musulmana.Mohamed Elhassan Mohamed, el padre del joven, dijo que su hijo fue víctima de islamofobia. “Él sólo quiere inventar cosas buenas para la humanidad. Pero debido a que su nombre es Mohamed y por los eventos del 11 de septiembre, es que creo que mi hijo ha sido maltratado”. (Washington Post, 16 de septiembre).La policía de Irving, que continuamente le preguntó por su nombre durante el interrogatorio, declaró que Ahmed no sería acusado de delito alguno. Sin embargo, no han ofrecido una disculpa pública; lo que tampoco han hecho los funcionarios de la escuela.En una declaración justificando la detención de Mohamed, Lesley Weaver, portavoz del Distrito Escolar Independiente de Irving, escribió: “Siempre pedimos a nuestros estudiantes y al personal informar inmediatamente si observan cualquier elemento y/o comportamiento sospechoso. Si algo está fuera de lo común, la información debe ser reportada inmediatamente a un administrador de la escuela y/o a la policía para que pueda ser abordado de inmediato. Siempre vamos a tomar las precauciones necesarias para proteger a nuestros estudiantes y mantener nuestra comunidad escolar lo más segura posible”. (Washington Post).Es vergonzoso que un estudiante que trae un invento a la escuela, se le considere una “amenaza”.Sin embargo, ha habido un gran apoyo y solidaridad en Twitter con el hashtag #IstandwithAhmed, incluso del presidente Barack Hussein Obama quien se ha enfrentado al racismo debido a su nombre.Jóvenes indígenas en la miraAhmed Mohamed no es el único joven de color que ha sido demonizado recientemente por el racismo. Jakobe Sanden, un joven indígena de 7 años de edad, fue enviado a la oficina del director de su escuela en Santa Clara-Utah, durante la semana del 14 de septiembre por tener un Mohawk, corte de pelo tradicional usado por su pueblo, la nación Séneca. Rex Wilkey, el asistente al superintendente de educación primaria, escribió que el corte de pelo de Sanden era “posiblemente una violación de las regulaciones sobre acicalamiento estudiantil del distrito escolar”. (Washington Post, 19 de septiembre).Irónicamente, el nombre de la escuela de Sanden es “Arrowhead” (punta de flecha), otro ejemplo del uso estereotípico racista de nombres e imágenes de personas indígenas utilizadas principalmente por los equipos deportivos profesionales en Washington-DC y Cleveland.Lo qué pasó con Jakobe es un recordatorio de lo que les ha sucedido a tantas/os niños nativos a partir de finales del siglo 19, que fueron obligadas/os a asistir a escuelas racistas, de cultura occidental en un intento por robarles su cultura y patrimonio. Estas escuelas eran una extensión de la política genocida de EUA basada en el robo de tierras indígenas para expandir el capitalismo al oeste.El Consejero de la nación Séneca William Canella, escribió una carta al superintendente del distrito escolar que dice en parte: “Es común que los chicos Séneca usen el corte Mohawk porque después de años de discriminación y opresión, están orgullosos de exhibir lo que son. Es decepcionante que su escuela no vea la diversidad de una manera positiva, y es nuestra esperanza que Jakobe no sufra ningún tipo de discriminación por la administración o la facultad de la escuela como resultado de su corte de pelo”. (Washington Post, 19 de septiembre).Ese abuso sufrido por Jakobe y Ahmed a sus cortas edades puede causar daño psicológico a largo plazo.Jakobe debe ser defendido y apoyado por exhibir su derecho a expresar orgullo por sus raíces indígenas, al igual que Ahmed por su derecho a ser musulmán sin temor a represalias.La guerra racista contra niñas/os, sin importar su nacionalidad, religión, condición o edad, puede tomar muchas formas. Tomemos el ejemplo de Tamir Rice, el joven afroamericano de 12 años que el pasado noviembre fue baleado fatalmente por agentes de policía blancos en Cleveland. ¿Su delito? Tener una pistola de juguete. Tamir se ha convertido en un emblema para el movimiento Vidas Negras Importan.Lo que une a millones de jóvenes como Ahmed, Jakobe y Tamir es que este sistema capitalista no ofrece ningún futuro viable para ellos. Por esta razón por sí sola, no puede ser reformado.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Letter to chancellor of Austria, new holder of the EU presidency, about violations of free expression in Turkey
Human rights groups warns European leaders before Turkey summit Follow the news on Turkey April 2, 2021 Find out more TurkeyEurope – Central Asia News Receive email alerts News TurkeyEurope – Central Asia Help by sharing this information Turkey’s never-ending judicial persecution of former newspaper editor Organisation April 2, 2021 Find out more RSF_en News Journalists threatened with imprisonment under Turkey’s terrorism law April 28, 2021 Find out more News to go further January 5, 2006 – Updated on January 20, 2016 Letter to chancellor of Austria, new holder of the EU presidency, about violations of free expression in Turkey Sincerely,Robert Ménard, Secretary General In a letter to Chancellor Wolfgang Schüssel of Austria, which has held the European Union presidency since 1 January, Reporters Without Borders has voiced concern about recent attacks on press freedom in Turkey and has asked him to use his influence with the authorities in Ankara to convince them to amend articles 301 and 305 of the criminal code, under which journalists can be sent to prison for the views they express.Paris, 3 January 2006Dear Chancellor Schüssel,Reporters Without Borders, an organisation that defends press freedom worldwide, would like to share with you its concern about the threats to free expression in Turkey, a country which has started talks on possible joining the European Union. We are worried about the arbitrary use of Turkish criminal code, especially article 301 on “humiliation of the Turkish identity, the republic and state bodies and institutions,” to censor dissent.More than twenty journalists, writers and editors are currently being prosecuted in Turkey, most of them under this article. The cases of Hrant Dink and Orhan Pamuk are representative of the persistent threats from the authorities and nationalistic lawyers to those who refer to certain episodes in Turkish history.On 24 December, the prosecutor’s office in Sisli (Istanbul) initiated new proceedings against Mr. Dink, the editor of the Armenian-language weekly Agos, for allegedly trying to influence the course of justice in an article published after his first trial in October, in which he was given a suspended sentence of six months in prison under article 301. He will be tried in February and faces four to five years in prison.Mr. Pamuk, a leading writer, is accused under article 301 of “insulting Turkish identity” by telling a Swiss weekly that “one million Armenians and 30,000 Kurds were killed in this country but no one dares to say so except me.” His trial, originally set for 16 December, has been postponed until 7 February. He faces up to three years in prison. Meanwhile, the authorities decided on 29 December to take no action on a complaint that was brought against him by a group of nationalistic lawyers accusing him of “openly attacking the army’s image.” Sinan Kara of the fortnightly Datça Haber was sentenced on 19 October to nine months in prison for “insulting by means of the press” under article 125 of the criminal code.Reporters Without Borders has had occasion in the past to stress the ubiquity of certain taboos that constitute a constant impediment to free expression in Turkey. We have also often had occasion to be alarmed by vaguely-worded articles in the criminal code. Anyone, whether the government, the army, can make arbitrary use of these articles to attack journalists who refer to certain painful or controversial events in Turkish history such as the Armenian genocide, the withdrawal of Turkish forces from Cyprus, the relations between the army and the government, or the Kurdish question.On 26 December, 169 intellectuals and performing artists called on the government to repeal articles 301 and 305 of the criminal code on the grounds that they are incompatible with the right to free expression and are obstructing democratisation in Turkey.Responding to the criticism, Turkish foreign minister Abdullah Gül recognised on 28 December that the charges brought against Mr. Pamuk had harmed Turkey’s image and said the laws restricting free expression could be modified.The hopes pinned on the new criminal code that took effect in June have in part been dashed. Your role, as leader of the government that currently holds the European Union presidency, will therefore be decisive in establishing real freedom of expression in Turkey.We are aware of your commitment to press freedom and we therefore urge you to intercede with the authorities in Ankara, especially at meetings about the membership process, in order to stop the criminalization of dissident views. In the light of recent events, we believe that progress in the talks on Turkey’s membership should be conditioned on amendments to certain provisions of the Turkish criminal code, especially articles 301 and 305, in order to ensure that journalists and intellectuals enjoy the kind of freedom of speech that is worthy of a democracy, and in order to make Turkey’s laws conform to European and international standards.We trust you will give this matter your careful consideration.
OXFAM Limerick may be closed, but you can still shop Oxfam this Friday with Fashion Relief TV – Broadcaster Lorraine Keane ‘s sustainable fashion fundraiser with Oxfam Ireland.The Fashion Relief team are springing back after a short break with rails packed full of pre-loved, brand-new and designer clothing, bags, shoes and accessories. Broadcaster Lorraine Keane said: “As the lockdown continues, which means Oxfam Limerick remains closed to play its part in Ireland’s response, we are delighted to be able to offer you a Covid-safe way to still shop Oxfam.“As expected, we’ll be showcasing beautiful pre-loved and brand-new pieces from the wardrobes of some of Ireland’s most fashionable women as well as from designers and boutiques from all over Ireland. People who tune in can click on the items they love and buy them then and there on Fashion Relief TV!“Thanks to the generosity of donors we have created our very own little Fashion Relief circular economy – as long as people continue to donate fabulous items, we will continue to have fabulous bargains up for grabs.Along with Oxfam Limerick, Fashion Relief is part of Oxfam’s solution to ‘throwaway fashion’, encouraging people to donate pre-loved items and reduce the amount of clothes that end up in landfill as well as shopping second-hand to give pre-loved clothes a longer life. So, by bagging a bargain from Fashion Relief you’ll be shopping more sustainably and doing your bit for people and planet. What’s not to love?Keane continued: “I’ve seen first-hand how the profits raised by Fashion Relief and Oxfam’s network of shops help some of the poorest and most at risk people across the world. Even though things may have slowed down or come to a stop here, humanitarian crises continue – and are worsening since the pandemic was declared.“Just three weeks ago, a massive fire swept through the refugee camps of Cox’s Bazar in Bangladesh. The fires left 10,000 families displaced and in urgent need of basics like food and water. Hundreds more were injured. This was yet another devastating blow to the Rohingya people who fled shocking violence and persecution in Myanmar. Oxfam continues to be able to support and respond to events like this because of the generous support of Limerick people.”The show will be packed full of brand-new and pre-loved donated clothes, shoes and accessories, as well as a host of designer labels like Preen, Celine, Ganni and Alexander McQueen, pieces donated by Laura Whitmore, Caroline Downey and Lorraine Keane, and much-loved Irish labels like Aideen Bodkin, Louise Kennedy and Fee G – at bargain prices.To celebrate the re-launch Keane also has an incredible giveaway via Instagram.Keane said: “Who doesn’t love a little competition, and with a Loulerie necklace up for grabs, we hope the competition will be fierce! All people have to do to enter is RSVP for Fashion Relief TV via www.oxfamireland.org/fashionrelief, take a screen shot and post it to Instagram with the hashtag #FashionReliefTV to be in with a chance to win. People have until Friday at 6pm to enter.” Email WhatsApp WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Fashion Relief TV will air from Lorraine Keane’s home at 7pm on Friday 9th April on www.fashionrelief.ie.Sign up for the weekly Limerick Post newsletter Sign Up Facebook RELATED ARTICLESMORE FROM AUTHOR Previous article65 Roses Day Goes Virtual… Limerick People Urged to support 65 Roses Day on FridayNext articleCJ Stander and Tadhg Beirne named in Six Nations Team of the Tournament Meghann Scully Twitter TAGSKeeping Limerick PostedlimerickLimerick PostOxfam Advertisement LimerickNewsOxfam Limerick may be closed but you can still shop Oxfam this FridayBy Meghann Scully – April 8, 2021 282 Print Limerick’s National Camogie League double header to be streamed live Limerick Ladies National Football League opener to be streamed live Linkedin Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Donal Ryan names Limerick Ladies Football team for League opener Roisin Upton excited by “hockey talent coming through” in Limerick
Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / FHFA Examines the Appraisals Process The FHFA has released a new paper, authored by Jessica Shui and Shriya Murthy, that examines how appraisals conducted by appraisal management companies compare to those conducted by lenders themselves. What’s the verdict? According to the FHFA paper, “the results indicate no clear evidence of any systematic quality differences between appraisals associated and unassociated with AMCs.” In other words, the FHFA data suggests that the appraisal results provided by AMCs are statistically very similar to those provided by lenders working without a middleman.According to the FHFA paper, the theoretical advantages of lenders employing an AMC include providing extra quality assurance to the appraisal process, providing a firewall to prevent lenders from pressuring appraisers, and providing both reduced credit risk and management time for lenders. Critics of AMCs, however, argue that AMCs “offer no quality assurance contribution,” set unrealistic deadlines for appraisers, and contribute to an overall shortage of appraisers in the market. The FHFA paper argues that the latter factor occurs due to the AMCs taking a cut of the payments to appraisers, resulting in lower appraiser compensation that attracts fewer workers to the field. This, in turn, can “lead to delayed closings and rush fees that increase costs to homebuyers,” according to the report.“Our analysis indicates that, when compared to non-AMC appraisals, AMC appraisals generally demonstrate a similar degree of overvaluation,” states the FHFA report. “At the same time, AMC appraisals are seen to be more prone to contract price confirmation and super-overvaluation. Beyond valuation statistics, AMC and non-AMC appraisals seem to share a similar propensity for mistakes, a somewhat-unexpected finding given that the former tend to use a greater number of comparable properties.”The FHFA study involved a dataset drawn from GSE data and stretching from Q4 2012 to Q1 2016. The dataset includes over 5 million appraisals conducted within that period, with 3.7 million done by AMCs and 1.6 million done by non-AMC appraisers.The study came away with four main conclusions. First, both AMC and non-AMC appraisals “share a similar average degree of overvaluation, as captured by the percentage gap between the appraised value and the contract price.” Second, a similar ratio of mistakes was found within each category. Third, AMC appraisals were “more prone to contract price confirmation and ‘super-overvaluation,’” in spite of, fourth, “employing a significantly greater number of comparable properties on average.”A 2017 white paper released by HouseCanary highlighted both the importance of accurate appraisals and the increasing role technology will play in the sector going forward. “The future of appraisals is already signaling a sea change for nearly every segment of the real estate industry, and the signal is only growing louder,” the study noted. “We are not far from a time when investors can see the potential aggregated rental yield of a nationwide portfolio in a matter of minutes—or get a value estimate for a property they see on their morning commute using nothing more than a mobile phone app.”You can read the full FHFA working paper by clicking here. Tagged with: AMCs Appraisal Management Companies Appraisals Federal Housing Finance Agency FHFA real estate appraisals Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save AMCs Appraisal Management Companies Appraisals Federal Housing Finance Agency FHFA real estate appraisals 2018-03-26 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton Demand Propels Home Prices Upward 2 days ago Related Articles FHFA Examines the Appraisals Process Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Millennials Spend Nearly $100,000 on Rent by Age 30 Next: Why Is Morale Declining in Homebuying Market? David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] in Daily Dose, Featured, Government, Journal, Market Studies, News, REO, Servicing The Best Markets For Residential Property Investors 2 days ago March 26, 2018 5,755 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe