Centum Investment Limited (CTUM.ke) 2013 Annual Report

first_imgCentum Investment Limited (CTUM.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2013 annual report.For more information about Centum Investment Limited (CTUM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Limited (CTUM.ke) company page on AfricanFinancials.Document: Centum Investment Limited (CTUM.ke)  2013 annual report.Company ProfileCentum Investment Limited is an equity firm specialising in investing in areas of growth, developmental capital and buyouts and seek to make equity investments between US$2 and US$20 million. The company invests in enterprises in the agricultural, education, healthcare, energy, financial services, insurance, information and communication technology, food and beverages, catering, automotive, publishing, real estate, power and FMCG sectors. In the beverage sector, it invests in businesses manufacturing alcoholic and non-alcoholic beverages and carbonated soft drinks. These companies operate in and serve the needs of domestic markets in Africa sub-regions. In most private equity investments, it prefers to acquire a controlling and significant minor stake in the company. The head office of Centum Investment Company is in Nairobi, Kenya. Centum Investment Limited is listed on the Nairobi Securities Exchangelast_img read more

Skye Shelter Fund PLC (SKYESH.ng) 2019 Abridged Report

first_imgSFS Real Estate Investment Trust (SFSREIT.ng) listed on the Nigerian Stock Exchange under the Property sector has released it’s 2019 abridged results.For more information about SFS Real Estate Investment Trust (SFSREIT.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the SFS Real Estate Investment Trust (SFSREIT.ng) company page on AfricanFinancials.Document: SFS Real Estate Investment Trust (SFSREIT.ng)  2019 abridged results.Company ProfileSFS Real Estate Investment Trust is a close-ended Real Estate Investment Trust Scheme in Nigeria which pools funds for the primary purpose of investing in income-generating real estate. This includes residential homes, residential apartments, office blocks, shopping malls and warehouses. The Fund managers are dedicated to developing and/or acquiring high-quality stock of properties in select locations in Nigeria. They will also make opportunist investments in joint venture developments in partnership with reputable developers. Typically, the Skye Shelter Fund invests 75% in real estate and 25% is invested in real estate related investments such as mortgages, real estate backed securities and real estate related equities. This portion includes a 10% allocation to cash for liquidity purposes. The company head office is in Lagos, Nigeria. SFS Real Estate Investment Trust is listed on the Nigerian Stock Exchangelast_img read more

A practical way I’d earn passive income

first_imgA practical way I’d earn passive income Simply click below to discover how you can take advantage of this. christopherruane owns shares of British American Tobacco and Imperial Brands. The Motley Fool UK has recommended Diageo, Imperial Brands, and Unilever. Views expressed on the companies mentioned 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. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Christopher Ruane | Tuesday, 12th January, 2021 Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997”center_img The idea of passive income sounds attractive: money one receives without working for it. But while the idea sounds great, the challenge can be putting it into practice. Instead of trying methods like dropshipping, I prefer a work-free income stream which is easy to understand and doesn’t eat into my time. That’s why for passive income I would buy shares using a Stocks and Shares ISA.Making passive income generation a habitEven without any money to start, an easy way to begin earning passive income is to build up capital. Even a small amount is better than none.  That’s why I would make a habit of saving a set amount monthly, weekly, or even daily. Just a couple of pounds each day can soon add up.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…I would start putting the money into a Stocks and Shares ISA. With a small amount of capital to begin, capital preservation would help my income generation potential. So I would choose a low cost ISA. I would also start to look for shares that seem to have a stable long-term future. Instead of plunging into highly speculative new companies, I would focus on companies with stable, reliable, long-term earnings and cash flows. For example, names like Unilever, Diageo,and British American Tobacco would be on my list to investigate in more detail.Some high yield shares can carry more riskSome shares offer high yields, but those yields could signal that the market is pricing in some risk of a dividend cut to the shares.For example, while Imperial Brands continues to offer a high yield, it cut its dividend last year. One reason its yield continues to be high even after the cut is because some investors are pricing in the possibility of another reduction. Telecoms company Vodafone has an attractive yield, but it also cut its dividend a couple of years ago.So for passive income I would focus exclusively on companies with a long history of raising dividends. Additionally I would look at their free cash flow. Free cash flow is basically how much hard cash a company brings in after it has paid for the running costs and capital needs of its business. That matters because to pay out a dividend year after year, a company will need free cash flow. So, for example, a company with high capital expenditure costs for a new development may not generate enough free cash flow to pay out dividends at its historical level.A passive income share I’d keep buyingOn that basis, one of my favourite picks for passive income would be British American Tobacco. At its current share price, this tobacco giant offers a yield of over 7%. The company has not cut its dividend in over 20 years. In fact, the payout has been increased each year over the past two decades.Tobacco is a highly cash generative business. Even though western markets are in decline, the company has been increasing total sales in recent years. BAT has also increased its total profits.That makes it the sort of high yielding share with long-term prospects I find agreeable as a passive income stock. Instead of spending time trying to get into dropshipping or other such schemes to generate income, I would simply start buying BAT shares today. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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. See all posts by Christopher Ruane Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 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.last_img read more


first_img Projects 2010 Photographs Villa S / TWO IN A BOX – ARCHITEKTEN ZT GMBH CopyHouses•Austria Products used in this ProjectDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ClassicSave this picture!© Simon BauerText description provided by the architects. New housing ideas and wishes brought the owners of the site to remove the old house except for the basement walls and to replace it by contemporary architecture. On top of the old basement with a wonderful winding staircase a new building was placed hovering above the garden. The villa is L-shaped and aligned to the south-west featuring generous glazing to the porch in front of the house and a garden with water areas.Save this picture!© Simon BauerThe light hill-side location, the expanded ground floor facing the street and the carport form a generous forecourt and entrance hall. Although the traditional living room and sleeping rooms are situated on one floor, living in this home is also extended to include areas such as garden, porch, swimming pool and garden pond. The integrated bathroom and sauna lie to the east forming an intimate and private wellness area.Save this picture!© Simon BauerThe effect of the interior and exterior rooms is connected and underlined by the use of wooden flooring making these areas practically merge into one another. Two living units on the upper floor with wonderful view of the foothills of the Alps offer optimal conditions for the son and guests of the house.Save this picture!© Simon BauerThe canopy roofs on the west and south sides of the house, the sliding shutters and the smooth white-plastered façade surfaces give this home an open and inviting Mediterranean character. The external building elements are high-quality insulated and a demand controlled ventilation system ensures a particularly low expenditure of energy.Save this picture!SectionProject gallerySee allShow lessDas Aigner / Kleboth Lindinger DollnigSelected ProjectsNorman Foster Resigns from Moscow’s Pushkin Museum ExpansionArchitecture News Share Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/418563/villa-s-two-in-a-box-architekten-zt-gmbh Clipboard “COPY” Architects: TWO IN A BOX – ARCHITEKTEN ZT GMBH Year Completion year of this architecture project Villa S / TWO IN A BOX – ARCHITEKTEN ZT GMBHSave this projectSaveVilla S / TWO IN A BOX – ARCHITEKTEN ZT GMBHcenter_img Austria ArchDaily Year:  Photographs:  Simon Bauer Manufacturers Brands with products used in this architecture project Manufacturers: Sky-Frame Products translation missing: en-US.post.svg.material_description ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/418563/villa-s-two-in-a-box-architekten-zt-gmbh Clipboard “COPY” Save this picture!© Simon Bauer+ 13 Share CopyAbout this officeTWO IN A BOX – ARCHITEKTEN ZT GMBHOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesAustriaPublished on August 22, 2013Cite: “Villa S / TWO IN A BOX – ARCHITEKTEN ZT GMBH” 22 Aug 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogShowershansgroheShower MixersVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Abstract EarthPartitionsSkyfoldMarkerboard Finish for Folding WallsPanels / Prefabricated AssembliesKingspan Insulated PanelsInsulated Wall Panels – Designwall R-seriesWoodBruagRoom Acoustics – Interior Cladding PanelsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsConcreteKrytonCrystalline Waterproofing – KIMBricksNelissenSpecial Bricks – Slips and HalvesCeramicsTerrealTerracotta cladding in Le TrèfleEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEASideboardsUSMLow Shelving – HallerTable LampsLeds-C4Lighting – ElampMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

RSF condemns “unnecessarily cruel” decision to keep Julian Assange detained

first_img Follow the news on Europe – Central Asia October 9, 2020 Find out more Reporters Without Borders (RSF) condemns the decision of a UK district judge to deny bail to Wikileaks publisher Julian Assange, despite a prior ruling against his extradition to the US due to his state of mental health. RSF calls again for his immediate release, on substantive and humanitarian grounds. In a 6 January hearing at London’s Westminster Magistrates’ Court, District Judge Vanessa Baraitser considered Julian Assange’s application to be released on bail. She ruled against his release, stating that Assange had an “incentive to abscond,” and “as a matter of fairness” she needed to give the US government the chance to pursue an appeal, which it has indicated it intends to do.Baraitser stated that because Assange had previously absconded, he would be unlikely to present himself for justice for appellate proceedings if released on bail. She further stated that Assange’s mental health is being managed at Belmarsh prison, and that the prison has its Covid-19 situation under control.“We are deeply disappointed by the decision not to grant bail to Julian Assange, which is an unnecessarily cruel step following the prior decision against his extradition. The mental health issues that were grounds to prevent his extradition will only be exacerbated by prolonged detention, and his physical health also remains at risk. This decision is the latest in a long line of disproportionately punitive measures against Assange,” said RSF’s Director of International Campaigns Rebecca Vincent.“As a matter of principle, no one should have to experience what Assange has endured over the past 10 years simply for publishing information in the public interest. He should not have to spend another moment unjustly deprived of his liberty. We call again for his immediate release on substantive, as well as humanitarian grounds,” Vincent added.This ruling follows the 4 January decision in Assange’s extradition case, given by Baraitser at London’s Central Criminal Court (the Old Bailey). Baraitser ruled against extradition, but strictly due to Assange’s state of mental health. The substance of the decision remains cause for serious concern for journalism and press freedom, as it leaves the door open for future prosecutions of journalists, publishers and sources on similar grounds.RSF has been the only NGO to monitor the full extradition proceedings in Assange’s case, and has documented extensive barriers to open justice.The US and UK are respectively ranked 45th and 35th in RSF’s 2020 World Press Freedom Index. RSF_en News UK court blocks US attempt to extradite Julian Assange, but leaves public interest reporting at risk United KingdomUnited StatesEurope – Central AsiaAmericas ImprisonedFreedom of expressionJudicial harassment US/UK: “Future of journalism” at stake as historic extradition decision looms in case of Julian Assange Reports Receive email alerts United KingdomUnited StatesEurope – Central AsiaAmericas ImprisonedFreedom of expressionJudicial harassment News January 6, 2021 RSF condemns “unnecessarily cruel” decision to keep Julian Assange detained January 4, 2021 Find out more Help by sharing this information US/UK : Julian Assange’s extradition hearing marred by barriers to open justice to go further January 1, 2021 Find out more Organisation Newslast_img read more

Government bars media from disseminating interviews with rebels

first_img October 21, 2020 Find out more Receive email alerts BurundiAfrica to go further On 16 May 2002, the Burundian defence minister, Major-General Cyrille Ndayirukiye, barred media from publishing or broadcasting interviews with rebels. Reporters Without Borders is concerned by the decision and views it as “a measure designed to censor and control information.” “In a conflict, it is only natural that media outlets would seek to gather the opinions of all the belligerents,” stated Robert Ménard, the organisation’s secretary general. Reporters Without Borders urged the minister to lift the ban and see to it that journalists are able to work without obstruction and in full security in the country.According to information collected by Reporters Without Borders, the defence minister stated that “disseminating interviews with rebels assists them in their war effort.” He did not specify the penalties that would be imposed on media outlets that do not follow his directive. “In any event, we are implementing this measure as we know perfectly well that we do not have a choice,” a Burundian radio journalist told Reporters Without Borders.The minister’s announcement came a few days after a private radio station broadcast an interview with a rebel leader who was believed to be dead. According to the local independent organisation Observatoire de l’action gouvernementale (Government Action Watch), “the authorities’ measure is an obstacle to press freedom. It is an attack on the freedom to disseminate information, all the more so since the government has already taken the decision to negotiate with the armed groups.”Reporters Without Borders recalls that on the occasion of World Press Freedom Day, 3 May, the communications minister announced his intention to revise the press law in order to “expurgate unnecessary or harmful institutional restrictions.” News BurundiAfrica Reports June 5, 2020 Find out more May 21, 2002 – Updated on January 20, 2016 Government bars media from disseminating interviews with rebels Help by sharing this information center_img News Four Burundian journalists complete 12 months in arbitrary detention Burundian appeal court upholds prison sentences for four journalists Organisation Follow the news on Burundi The 2020 pandemic has challenged press freedom in Africa RSF_en November 27, 2020 Find out more Newslast_img read more

City To Accept Applications for Pasadena’s New ‘Granny Flat’ Loan Program Starting Thursday

first_img Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * The application period opens Thursday for a new city program aimed at increasing affordable housing in Pasadena by helping homeowners create secondary homes, or “accessory dwelling units” — also known as granny flats or converted garages — on their properties.The Second Unit Accessory Dwelling Unit (ADU) program provides low-cost loans to Pasadena property owners interested in building a new ADU or upgrading an existing structure to bring it in line with city codes, according to the Pasadena Department of Housing.Applications are being accepted by the department Thursday through Oct. 30, according to city officials.“The Pasadena Second Unit ADU Program is a new affordable housing initiative that incentivizes homeowners to create an affordable rental unit on their property,” city housing officials said in a written statement. “The program offers homeowners ‘Comprehensive Assistance’ for financing, designing, permitting, and constructing a new Accessory Dwelling Unit (ADU) in the City of Pasadena.“Specifically, the program provides homeowners financial assistance to build an ADU through new construction or garage conversion,” the statement said. “Assistance is also available to rehabilitate and bring up to code an existing unpermitted ‘granny flat’ or illegal garage conversion.”The program has two separate offerings, depending on whether a property owner is building a new ADU or renovating one.Those building a new structure may be eligible to receive a loan of up $150,000 for three years with 1 percent interest and deferred payments for three years, city officials said in a written statement. The loan must be refinanced prior to the end of the deferred payment period.Those renovating an existing ADU may qualify for 20-year loans up to $75,000 with 1 percent simple interest and deferred payments for the first five years, officials said. Participants’ household income must be under 80 percent of the area median income, amounting to $63,100 for a single person, $72,100 for a household of two, $81,100 for a household of three, and $90,100 for a household of four.More information, including applications and a video presentation about the program, is available online at cityofpasadena.net/housing/second-unit-adu-program. Applications must be submitted to the Pasadena Department of Housing by 1 p.m. Oct. 30 to be considered.See also:City’s Housing Department Pushing New ADU Pilot Program Community News City To Accept Applications for Pasadena’s New ‘Granny Flat’ Loan Program Starting Thursday Published on Tuesday, September 29, 2020 | 2:46 pm Community News Make a comment 17 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Top of the News center_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News Subscribe First Heatwave Expected Next Week Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. More Cool Stuff Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty’First Daughters’: From Cute Little Kids To Beautiful Young WomenHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautylast_img read more

UWM Holdings Corporation Announces UWM’s Record Fourth Quarter and Full Year 2020 Results; $1.37…

first_img $ 2,374,280 Q4 2020 Facebook $ $ 3 Source: Inside Mortgage Finance – Top Wholesale Broker Channels Data, Copyright 2020 PONTIAC, Mich.–(BUSINESS WIRE)–Feb 3, 2021– UWM Holdings Corporation ( NYSE: UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced UWM’s results for the fourth quarter and full year ended December 31, 2020. UWM reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021. Mat Ishbia, President and CEO of UWM said: “The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any measure. We are very proud of what we accomplished in 2020 but have shifted our focus to 2021 and beyond. By going public and accessing the debt markets, we now have the capital and liquidity to not only invest in technology and service as we have always done, but also the ability to take advantage of higher profit opportunities when available or otherwise returning excess cash to our stockholders. Independent mortgage brokers are the best place for a consumer to get a loan, and as we progress through 2021, our 100% focus on the wholesale channel remains steadfast. We will continue to work with the growing number of independent mortgage brokers to provide the fastest, easiest and most cost effective way to get a mortgage, helping even more families achieve their dream of home ownership.” Fourth Quarter and Full Year 2020 Financial HighlightsRecord originations of $54.7 billion in loan volume, a 71% increase from the 4Q19 $31.9 billion loan volume, bringing UWM’s full year 2020 production to $182.5 billion, which is 69% higher than UWM’s prior record production for 2019 of $107.8 billion.Total gain margin of 305 bps in 4Q20 compared to 110 bps in 4Q19.Reported fourth quarter net income of $1.37 billion, as compared to $148.9 million for 4Q19.Increased UWM’s equity to $2.37 billion at December 31, 2020 as compared to $661.3 million at December 31, 2019.Closed private senior notes offering of $800 million, ending 4Q20 with non-funding debt to equity ratio of 0.49 (non-GAAP metric – see discussion below).Increased the unpaid principal balance of mortgage servicing rights from $72.6 billion at Q419 to $188.3 billion at Q420. Production and Income Statement Highlights (dollars in thousands) Total assets 182,547,641 $ 31,908,320 3.05 0.61 Conventional Twitter $ Government $ Jumbo 1,001,925 Pinterest 20,345,251 7,916,515 Line of credit, net 72,589,639 Purchase: 0.49 Non-funding debt (1) Twitter Q4 2020 43,116,040 1,001,925 Local NewsBusiness Impact of estimated effective tax rate of 27% $ UWM equity 31,908,320 Q4 2019 11,563,069 376,000 57,953,024 $ (369,866 5,446,310 0.49 30,000 26,528 $ 10,638,926 54,678,923 UWM Holdings Corporation Announces UWM’s Record Fourth Quarter and Full Year 2020 Results; $1.37 Billion 4Q20 Net Income and Declares First Regular Quarterly Dividend of $0.10 per share 108,723 $ $ $ $ Non-funding debt and non-funding debt to equity $ $ $ 3 TAGS  Conventional $ $ Weighted average age (months) 0.61 663,074 1,457,197 897,409 $ $ $ $ 12,411,318 Q4 2020 148,858 3.13% 3.98% — 2,374,280 Total Refinance Q4 2020 6,654,094 2 Source: Inside Mortgage Finance – Direct Funded First-Lien Mortgage Origination Data, Copyright 2020 6 (1) Key operational metric – see discussion below. 1.10 $ $ 54,678,923 YTD 2019 $ 1,159,283 Q4 2019 661,323 Net income $ Comparable net income(3) Cash and cash equivalents (1) Non-GAAP metric – please see discussion below. 789,323 661 583,299 $ 3,570,532 620,186 Comparable net income $center_img YTD 2020 2,425,666 42,582,139 UWM’s purchase volume for 4Q2020 increased to $12.1 billion, as compared to $11.6 billion in 4Q19. For FY20, purchase volume decreased to $42.9 billion, as compared to $49.8 billion in total purchase volume in FY19, primarily due to a strategic reduction in the jumbo and government purchase business.UWM originated $42.6 billion in refinance volume during 4Q20, as compared to $20.3 billion in 4Q19. UWM originated $139.6 billion in refinance volume in FY20 and $57.9 billion in FY19. UWM’s 2020 production mix was comprised of 76% refinance and 24% purchase.UWM’s primary focus is originating conventional loans. In 2020, conventional loans represented 84% of total production. First Quarter 2021 Outlook We expect the following ranges compared to the year-earlier period:Closed loan volume between $52 billion and $57 billion, which would represent an increase of 22.6% and 34.4% as compared to $42.4 billion in the first quarter of 2020.Total gain margin of 200-235 bps, which would be an increase of 110.5%-142.1% compared to 95 bps in the first quarter of 2020. Earnings Conference Call Details As previously announced, UWMC will hold a conference call for financial analysts and investors on Thursday, February 4 at 10 AM ET to review the results and answer questions. The call in numbers are:Conference ID 6596094Participant Toll-Free Dial-In Number: (833) 794-1164Participant International Dial-In Number: (236) 714-2757Conference Call name: UWM Holdings Corporation 4Q 2020 Earnings Call Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Audio, webcast, taped replay and transcript will be available on the UWM investor relations website at https://investors.uwm.com/. Key Operational Metrics “Closed loan volume” and “Total gain margin” are key operational metrics that UWM management uses to evaluate the performance of the business. “Closed loan volume” is the aggregate principal of the residential mortgage loans originated by UWM during a period. “Total gain margin” represents total loan production income divided by total production. Non-GAAP Metrics As UWM is a pass-through entity, Net income does not reflect income tax that would otherwise be payable by UWM with respect to its income if it were a C Corporation. Therefore, for comparison purposes, UWM provides “Comparable net income”, which is our net income adjusted for a 27% estimated effective tax rate. “Comparable net income” is a Non-GAAP Metric. Commencing with first quarter 2021 results, UWMC will be reporting Net income at the UWMC level on an after-tax basis, along with Net Income attributable to UWMC shareholders and Net Income Attributable to the Non-Controlling Interest in UWM. In addition, we disclose “Non-funding debt” and the “Non-funding debt to equity ratio” as a Non-GAAP metric. We define “Non-funding debt” as UWM’s total of operating lines of credit, senior notes, equipment note payable, and finance leases as reported on our balance sheet, and the “Non-funding debt to equity ratio” as Non-funding debt divided by UWM’s total equity. Management believes that these Non-GAAP metrics provide useful information to investors. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. The following table presents these non-GAAP financial measures along with their most directly comparable financial measure calculated in accordance with GAAP (dollars in thousands): 37,647,428 $ Q4 2020 406,000 Q4 2019 188,268,883 Refinance: 12,096,784 — (3) Non-GAAP metric – see discussion below. ) 1,756,864 $ Previous articleFamily: Keyontae Johnson’s collapse unrelated to COVID-19Next articleKKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends Digital AIM Web Support 49,814,148 $ 119,807,647 Q4 2019 15,518,218 Mortgage Servicing Rights (dollars in thousands) 320,300 33,091,673 1 Internal company data and Ellie Mae Origination Insight Report (the “Ellie Mae Report”). The Ellie Mae Report reflects application to close, as such for comparative purposes, management has reduced the average by an estimate of 4 days. Q4 2020 Q4 2020 Product and Investor Mix – Unpaid Principal Balance (dollars in thousands) 661,323 WhatsApp 18,921,473 YTD 2019 Q4 2020 $ $ % $ Facebook 4,934,711 Balance Sheet Highlights (dollars in thousands) $ Mortgage servicing rights, net (40,135 Non-funding debt to equity (1) 1,223,837 Total Originations Total equity ) 4,163,959 Finance leases Total Purchase $ Senior note bond Government 8,619,874 1,159,283 By Digital AIM Web Support – February 3, 2021 1,371,791 $ 148,858 Q4 2019 1,371,791 Pinterest $ 133,283 % YTD 2020 $ $ 108,723 $ 23,132 (2) Represents total loan production income divided by total production. Mortgage loans at fair value 7,485,001 Jumbo $ 42,921,112 Operational HighlightsUWM maintained an average application to clear to close time (“Days to Close”) of approximately 18 days in Q420, while management’s estimate of the industry average grew to approximately 52 days 1, 10 days higher than the nine month average of 42 days 1 as of September 2020. For the month of December, UWM Days to Close was approximately 16 days, while management’s estimate of the industry average grew to approximately 54 days. 1Our commitment to high credit quality is evidenced by a weighted average FICO of 760 for the loans closed in the fourth quarter 2020 and 757 for the full year 2020. The credit quality of UWM originations is reflected in the MSR 60+ delinquency and forbearance rates which are well below industry averages.UWM’s highly successful Conquest program launch grew even further in the fourth quarter with the addition of the FHA product, joining previously released Conquest programs for Conventional and VA products. With this announcement, UWM is extending access to these very low interest rates to a larger consumer base. Conquest program loans represented 87.6% of total production in 4Q20.Increased the number of team members from 4,907 at December 31, 2019 to 7,475 at December 31, 2020 with plans to continue growing throughout 2021.Enhanced the Pontiac campus by completing a walking bridge to tie our approximately 600,000 square foot “North Campus” to our more recently added “South Campus” which is located in a 900,000 square foot building owned by a UWM affiliate. During fourth quarter 2020, an affiliate of UWM also purchased a neighboring facility of approximately 378,000 square feet.Commenced plans to restart jumbo offerings which are expected to go live in March 2021 and will also materially increase purchase volume during the remainder of 2021. The wholesale channel, UWM’s sole focus, continues to be viewed as the growth channel of the residential mortgage industry, represented 17.2% of the total mortgage market for the nine months ended September 30, 2020, which is the most recent data point available 2. Likewise, UWM continued its dominant position in the wholesale channel, growing its market share to 34.3% for the nine months ended September 30, 2020, which is the most recent data point available 3. Technology UpdateLaunched UWM InTouch, a mobile app that provides the ability for Independent Mortgage Brokers to navigate everything from Underwriting until the loan is Cleared to Close from anywhere they have their phone. Including, document upload, e-sign capabilities, push notifications and more.Launched Blink+, an enhancement to the online mortgage application launched in 2016, which includes the ability to automatically pull credit, e-sign docs and co-browse screens with borrowers, Blink+ is a Point of Sale (POS), Loan Origination System (LOS) and Customer Relationship Manager (CRM) all-in-one package that UWM makes available as one of its many partnership initiatives to Independent Mortgage Brokers. 107,767,172 $ 11,493,476 $ WhatsApp $ Comparable net income Unpaid principal balance Closed loan volume(1) Total gain margin(1)(2) $ Weighted average interest rate 33,717,939 406,000 Net Income $ 13,151,943 $ Total non-funding debt Non-funding debt to equity $ $ Forward Looking Statements This press release contains and the earnings call will contain forward-looking statements. These forward-looking statements are generally identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” and similar words indicating that these reflect our views with respect to future events. These forward-looking statements include (1) the impact of the going public and accessing the debt markets on our ability to invest in technology and services as well as other higher profit opportunities or the ability to return cash to our stockholders, (2) impact of the Conquest program and our restart of jumbo offerings on our future financial and operational results, and (3) our expectations for 2021 financial and operational results. These statements are based on our management’s current expectations, but are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document, including (i) UWM’s dependence on macroeconomic and U.S. residential real estate market conditions, including changes in U.S. monetary policies that affect interest rates; (ii) UWM’s reliance on its warehouse facilities; the risk of a decrease in the value of the collateral underlying certain of its facilities causing an unanticipated margin call; (iii) UWM’s ability to sell loans in the secondary market; (iv) UWM’s dependence on the government sponsored entities such as Fannie Mae and Freddie Mac; (v) changes in the GSEs’, FHA, USDA and VA guidelines or GSE and Ginnie Mae guarantees; (vi) UWM’s dependence on Independent Mortgage Advisors to originate mortgage loans; (vii) the risk that an increase in the value of the MBS UWM sells in forward markets to hedge its pipeline may result in an unanticipated margin call; (viii) UWM’s inability to continue to grow, or to effectively manage the growth of, its loan origination volume; (ix) UWM’s ability to continue to attract and retain its Independent Mortgage Advisor relationships; (x) UWM’s ability to implement technological innovation; (xi) UWM’s ability to continue to comply with the complex state and federal laws regulations or practices applicable to mortgage loan origination and servicing in general; and (xii) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission including those under “Risk Factors” therein. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. About UWM Holdings Corporation and United Wholesale Mortgage Headquartered in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent of United Wholesale Mortgage (“UWM”). UWM is the #1 wholesale lender in the nation six years in a row, providing state-of-the-art technology and unrivaled client service. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. UWM is known for its highly efficient, accurate and expeditious lending support. UWM’s exceptional teamwork and focus on technology result in the delivery of innovative mortgage solutions that drive the company’s ongoing growth in market share and its leadership position as the foremost advocate for independent mortgage brokers. For more information, visit www.uwm.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005942/en/ CONTACT: For inquiries regarding UWM, please contact: INVESTOR CONTACT MATT ROSLIN [email protected] MEDIA CONTACT NICOLE YELLAND [email protected] KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES FINANCE SOURCE: UWM Holdings Corporation Copyright Business Wire 2021. PUB: 02/03/2021 04:29 PM/DISC: 02/03/2021 04:29 PM http://www.businesswire.com/news/home/20210203005942/en 3,457,882 139,626,529 Q4 2019 Equipment note payable 731,353 —last_img read more

Delving Into Consumers’ Minds

first_img The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Staff Writer Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Delving Into Consumers’ Minds Related Articles The Federal Reserve Bank of New York’s Center for Microeconomic Data released its September 2018 Survey of Consumer Expectations. The survey indicates there is no little to change in expectations regarding inflation in the short- or medium-term. Labor market expectations improved, however, with earnings growth expectations increasing and household fears of unemployment on the decline. But expectations about household income and spending growth are both on the decline too.   Regarding inflation, expectations for both the one-year and the three-year remain stable at 3.0 percent. Inflation expectations have been relatively flat since April 2018. The number of those expecting inflation decreased in comparison to last month, but not significantly so. Median home prices are also believed to have held steady in September at 3.6 percent. This follows a decline over the preceding two months from 4.9 percent in June, a three-year high. Uncertainty regarding home price fluctuations also held flat.Labor market expectations show growth up by 0.3 percent in September—the highest the series has yet reached since the survey began. This increase is credited to survey respondents making between $50,000 and $100,000. Mean unemployment expectations concerning the year ahead decreased 1.2 percent, to 34.1 percent and closer to the 2018 average of 34.0 percent. The mean probability of losing one’s job increased to 16.0 from 13.8 percent—the highest it has been since August 2016—but the mean perceived probability of finding a job if one’s current job is lost also increased to 59.3 percent, up from 57.8 percent in August. This brings expectations which track this metric above its 12-month average of 58.9 percent.Regarding household finance, the median expected household income growth has shrunk slightly, down a fraction (0.3) percent to 2.5 percent, its lowest level this year. The drop was most noticeable among respondents above 60 years old and possessing an annual income below $100,000. Spending growth expectations for median households continued its three-month trend of declines, falling from 3.2 percent to 2.9 percent in September to bring it below its 2018 average of 3.1 percent.Overall, those who believe their current financial situation has improved has also declined, with those feeling that they are better off than they were a year ago falling to 34.9 percent, a decrease of 2.4 percentage points—its lowest level since October 2017. Those who expect their financial situation to get worse in the coming year also increased 1.1 percent to 12.0 percent. The percentage of respondents who believe credit standards have grown laxer has also increased 0.8 percent, while those who believe it will get harder to get in the next year went up 0.6 percent. Those who fear missing a minimum debt payment in the next three months also went up 0.9 percent, hitting 13.7 percent, the survey’s high since January 2017. This rise in fears was fueled by respondents who make less than $50,000 a year and have no college degree. 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  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Consumer Expectations Consumer Income Growth Consumer Spending Expectations Federal Reserve Bank inflation rates Interest rates Unemployment 2018-10-11 Radhika Ojha October 11, 2018 896 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Why the South is Delinquency Prone Next: Helping Americans Keep Their Homes in Daily Dose, Featured, Market Studies, News Tagged with: Consumer Expectations Consumer Income Growth Consumer Spending Expectations Federal Reserve Bank inflation rates Interest rates Unemployment Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Delving Into Consumers’ Minds Subscribelast_img read more

25 people awaiting admission to Letterkenny University Hospital

first_imgHomepage BannerNews Twitter WhatsApp Pinterest 25 people awaiting admission to Letterkenny University Hospital Facebook There were 25 people awaiting admission to Letterkenny University Hospital this morning. According to the latest figures from the INMO 16 people were on trolleys in its Emergency Department while a further 9 were waiting in wards or overflow areas.Nationally there were 451 people waiting to be admitted to hospitals across the country today with South Tipperary Hospital being the most overcrowded – 39 people awaiting admission there. RELATED ARTICLESMORE FROM AUTHOR Previous articleChildhood sexual abuse victim bankrupts abuserNext articleNew extension for Glencovitt National School in Ballybofey admin Gardai continue to investigate Kilmacrennan fire Twitter By admin – December 6, 2016 center_img Pinterest Google+ Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Facebook Google+ Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic WhatsApplast_img read more