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DS News Webcast: Friday 11/15/2013

first_img Related Articles Subscribe DS News Webcast: Friday 11/15/2013 Sign up for DS News Daily Is Rise in Forbearance Volume Cause for Concern? 2 days ago Home / Featured / DS News Webcast: Friday 11/15/2013 The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: DSNews in Featured, Media, Webcasts Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 15, 2013 550 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2013-11-15 DSNews Demand Propels Home Prices Upward 2 days ago  Print This Post Share Save 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Clayton Holdings Announces New VP of Regulatory Compliance Next: California Foreclosures Tick Up but Remain Lower Than Last Yearlast_img read more

PennyMac Reports Mortgage Finance Performance

first_img PennyMac’s pretax servicing income loss was $5.1 million in Q4 2019, down from $18.1 million in the prior quarter and pretax income of $29.3 million in the fourth quarter of 2018. The company reported net income of $152.7 million for the fourth quarter of 2019, or $1.88 per share on a diluted basis, on revenue of $490.4 million. Book value per share increased to $26.26 from $24.37 at September 30, 2019.Additionally, PennyMac’s Investment Management segment pretax income was $5.2 million, up from $5.0 million in the prior quarter and $2.5 million in the fourth quarter of 2018.“PennyMac Financial delivered outstanding performance across all of its businesses in the fourth quarter and throughout 2019,” said President and CEO David Spector. “Book value per share grew 22% for the year, driven by record profitability in our Production segment and our ability to successfully hedge the interest rate risk inherent in mortgage servicing rights in a year characterized by significant interest rate volatility. Each of our production channels grew market share this year and substantial growth in our consumer direct lending channel was a major contributor to the Company’s earnings. Further, our industry-leading correspondent channel became the largest aggregator of residential mortgage loans in the U.S., according to Inside Mortgage Finance. Our servicing portfolio also grew more than 20% for the year while our technology investments continue to drive greater operating efficiency and better service for our 1.8 million customers. With our maturing, balanced business model, the opportunity to continue capturing market share gains across our businesses and the strong foundation provided by our large and growing servicing portfolio, we expect PFSI to earn a mid-teens return on equity across different market environments; however, we expect PFSI to deliver a higher ROE in 2020.”Overall, PennyMac’s pretax income was $203.4 million, up 22% from the prior quarter and 249% from the fourth quarter of 2018. Demand Propels Home Prices Upward 2 days ago Previous: Economic Growth Exceeds Expectations in January Next: Big Apple Tax Changes Could Impact Investors in Daily Dose, Featured, Investment, News 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. Tagged with: Income PennyMac Servicing The Best Markets For Residential Property Investors 2 days ago Subscribe PennyMac Reports Mortgage Finance Performance The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Home / Daily Dose / PennyMac Reports Mortgage Finance Performance Share Save Servicers Navigate the Post-Pandemic World 2 days ago February 7, 2020 1,242 Views Sign up for DS News Daily  Print This Post The Best Markets For Residential Property Investors 2 days ago Income PennyMac Servicing 2020-02-07 Seth Welbornlast_img read more

Norway’s Statkraft to build 519MW wind farm in Brazil

first_imgNorway’s Statkraft to build 519MW wind farm in Brazil FacebookTwitterLinkedInEmailPrint分享Renewables Now:Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil.Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set for 2023, boosting Statkraft’s capacity in the country to 967 MW.Located in Bahia state, the wind complex will include 14 wind parks with 91 turbines of 5.7 MW each. German wind turbine maker Nordex SE is the equipment manufacturer.Together with Serra de Mangabeira, Santa Eugenia is part of the first phase of the 1.1-GW Ibipeba wind complex.[Lucas Morais]More: Statkraft to build 519-MW wind complex in Brazillast_img read more

Oxlade-Chamberlain back on track

first_img If all goes well, he could be drafted back into the first-team picture after the next Barclays Premier League game at Aston Villa on Monday night. The former Southampton trainee – who signed for Arsenal in a £12million deal during the summer of 2011 – scored for England in the 2-2 draw against Brazil at the Maracana Stadium last June and would like nothing more than to return to South America with the Three Lions this summer. “As a young guy growing up watching football and watching World Cups, this will be my first one (that I can play in),” Oxlade-Chamberlain told Arsenal Player. “Obviously I went to the Euros (2012 in Poland/Ukraine), which was an amazing experience – and that’s a massive achievement for me personally, especially as an 18-year-old boy. That was really special. “But the World Cup is always that little bit more special because it is the world stage. If I was able to be selected and go to Brazil, it would be a dream come true and something that I am definitely striving towards. “Although for now I am just focused on getting back in and around the Arsenal team and helping us do well this season, (going to) the World Cup is definitely something I would like to achieve.” Arsenal will be out to consolidate their position at the top of the table at Villa Park, with title rivals Chelsea and Manchester City both able to overtake them if they win earlier in the weekend. Just two points separate the three sides, and midfielder Mikel Arteta has challenged Arsenal to maintain their focus. Press Association Arsenal midfielder Alex Oxlade-Chamberlain has targeted a dream ending to the season by earning a place in England’s World Cup squad for Brazil after returning to training following five months on the sidelines with a knee injury. “The Premier League this year is the most difficult one since it has existed,” the Spaniard said. “I think you have four or five teams looking to win it. We are going to put everything in to win it. “We had a little spell where we had a difficult time, but we have come back and we are feeling good.” Arsenal manager Arsene Wenger will look to strengthen his squad during the January window, although perhaps with short-term options rather than any of his main big-money targets – such as Atletico Madrid’s Diego Costa and Mario Mandzukic at Bayern Munich – which are likely to have to wait until the summer given the reluctance of clubs to sell at this time of the season. With Nicklas Bendtner (ankle) and France Under-21 international Yaya Sanogo (back) still a few weeks away from full match fitness, Wenger is expected to seek cover for lead striker Olivier Giroud, who missed the Spurs match because of illness after shaking off a minor ankle injury, but is expected to be available at Villa Park. Arsenal are said to be keen on a loan deal for Real Madrid’s promising 21-year-old Alvaro Morata, whose current first-team opportunities are limited at the Bernabeu. However, the Spanish giants may well not be amenable to the request as Carlo Ancelotti views him as needed back-up for Karim Benzema. The imminent return of the all-action 20-year-old, who has been out since the opening day defeat by Aston Villa, comes as a welcome boost for the Gunners at the end of what has been a difficult week following the news Theo Walcott would play no further part in the campaign after sustaining anterior cruciate ligament damage during the closing stages of the 2-0 FA Cup win over Tottenham. Oxlade-Chamberlain has stepped up his rehabilitation programme and is pencilled in for the Under-21s fixture at Fulham on Thursday. last_img read more

Countryside Motors urges you to act now on Special Tax Alert

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Johansen Olympia Dance Center Students Return from Prestigious Ballet Summer School…

first_imgSubmitted by Johansen Olympia Dance CenterEvery summer, students from the Johansen Olympia Dance Center drive or fly long distances to attend intensive ballet summer schools, and this year was no different.Brenna Evans just returned from Colorado Ballet’s summer program. Here she is with academy director Valerie Madonia.Eleven students landed spots in prestigious summer intensives, which required auditions:Olivia Breed attended Ballet West in Salt Lake City, Utah.Brenna Evans attended Colorado Ballet in Denver, Colorado.Olivia Jones attended Jillana Intensive in Taos Ski Valley, New Mexico.Kate Peterson, Monica Tsien and Emily Walter attended American Ballet Theatre at the California, Texas and North Carolina sites.Camryn Phipps attended Oregon Ballet Theatre in Portland, Oregon.Valentina Reetz attended Joffrey Ballet in Chicago, Illinois.Russell Ridgeway attended Juilliard School in New York, New York.Sunny Swasey attended Hubbard Street Dance Chicago in Chicago, Illinois.Audrey Wright attended State Street Ballet in Santa Barbara, California.“Ballet is about much more than simply teaching dance. It is about imparting self-confidence, poise, grace, and discipline. These programs build on what we teach in the studio and our students return with not only greater skill, but also a boost in confidence and morale. Also, they now have incredible experiences to pull from later in life,” said Ken Johnsen, co-director of the Johansen Olympia Dance Center.Russell Ridgeway spent his summer at the Julliard School in New York.The studio offers a wide-range of classes for all ages and in a variety of styles of dance, including pre-ballet, ballet, jazz, tap, hip-hop, contemporary, stretch & strengthen, parent/toddler, and Downs’ at Dance. The studio is also the home of Ballet Northwest, the non-profit company that performs “The Nutcracker” and other productions at the Washington Center.Children can enroll in ballet classes as young as age three in the Pre-Ballet classes that teach kids all the way to first grade. From there they transition into Beginner Ballet. Other children go straight into hip hop, jazz or tap or take a combination of classes.The studio is under the direction of Ken and Josie Johnson, both certified to teach the American Ballet Theatre National Training Curriculum through American Ballet Theatre in New York. The curriculum consists of a comprehensive set of age-appropriate, outcome-based guidelines to provide the highest quality ballet training to dance students of all ages and skill levels.To learn more about the Johansen Olympia Dance Center and to view the class schedule for the 2015-2016 year, visit www.olympiadancecenter.com Facebook1Tweet0Pin0last_img read more

Saints Wood earns top BCIHL honours

first_imgThe Selkirk College Men’s Hockey program is pleased to announce that forward and team captain Jordan Wood has been named the British Columbia Intercollegiate Hockey League’s Player of the Month for November. Wood scored four goals and added eight assists in six games during the month to lead all BCIHL skaters and maintain his grip on first place in league scoring overall with 12 goals and 26 points respectively.He also helped lead the Saints to six consecutive wins, with the team’s victory over the University of Victoria last Saturday tying the Vikes’ record for the longest-ever BCIHL winning streak at 12 games. “Jordan had another tremendous month both in terms of his individual performances and his overall leadership of our group,” said Saints head coach Jeff Dubois. “It’s become clear as we’ve gotten deeper into the season that opposing teams are putting more and more of a focus on stopping Jordan and his linemates, but they continue to get the job done and set the tone for us.”Woody is fully deserving of the award but it could just as easily have been Logan (Proulx) or Jackson (Garrett) based on the great months they had as well.” Wood put up four multi-point games during November, including a two-assist effort against Simon Fraser University on November 3rd that marked Selkirk’s first win over the Clan since the Saints joined the BCIHL in 2007. Selkirk resumes the 2012/13 season following an extended exam/holiday break against SFU on Saturday, January 12th at the Castlegar Recreation Complex. Face-off is set for 7:30 PM.last_img read more


first_imgThe Bumbleance Children’s Ambulance project is seeking walkers and joggers to take part in the North-West 10K.The service helps families in Donegal bring very special little passengers to hospital and treatment centres around the country.They are trying to organise volunteers to take part in the NW 10K to raise much-needed funds. Those interested in raising funds can get sponsorship cards from 086 2740777. Among the many patients to benefit from the Bumbleance Service was little Jack Beatie Buchannan who celebrated his 3rd birthday this week.Little Jack was first to use the Bumbleance service.So if you haven’t signed up to a team or a sponsor, why not give the Bumbleance team a call. It’s a great cause. BUMBLEANCE TEAM SEEKS WALKERS AND JOGGERS FOR NORTH-WEST 10K was last modified: March 23rd, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BumbleanceNorth West 10kvolunteerslast_img read more

Biggest web-spinner found in SA

first_imgNephila komaci photographed in the wildat Tembe National Elephant Park.(Image: Tembe) The spectacular golden-hued web spunby industrious golden orb weavers, in thiscase N. inaurata.(Image: Matjaž Kuntner)MEDIA CONTACTS • Matjaž KuntnerSlovenian Academy of Sciences and Arts+386 1 470 6338Janine ErasmusScientists have discovered a new species of the golden orb weaving spider in South Africa – and the Nephila komaci is believed to be the largest of all golden orb weavers known to science.The discovery, part of a project on nephilid spiders, heralds the first new species to be added to the Nephila genus for 130 years.To date more than 41 000 spiders have been scientifically identified, and about 450 new species are added to the list each year – but not since 1879 has a new golden orb weaver been one of them. N. komaci is therefore quite an arachnological catch.The nephilid project has received a funding grant of almost €800 000 (R8.8-million) from the European Union under its Sixth Framework programme for research and technological development.The find, under the title Discovery of the Largest Orbweaving Spider Species: The Evolution of Gigantism in Nephila, was published in the 20 October 2009 edition of PLoS One, the open-access peer-reviewed journal of the Public Library of Science.Mysterious speciesThe species was first described in 2000 by biologist Matjaž Kuntner, when he came across a preserved specimen in the ARC-Plant Protection Research Institute just outside Pretoria. The specimen’s label dated back to 1978 and no-one knew if there were any living examples.Kuntner chairs the Institute of Biology at the Slovenian Academy of Sciences and Arts, in Ljubljana, Slovenia, and is also a research associate at the National Museum of Natural History, Smithsonian Institution.The scientist was surprised to find this giant spider that did not match any known specimens. He and his colleague Jonathan Coddington, also of the Smithsonian, headed several expeditions to South Africa to track down a live version of the intriguing creature.Their quest was unsuccessful at first, and the team began to think the preserved specimen described in 2000 was a hybrid, or possibly extinct.A second specimen, also preserved, and of Madagascan origin, was found in 2003 in the Naturhistorisches Museum Wien in Vienna, Austria. Out of more than 2 500 similar specimens in 37 institutions, this was the only other Nephila komaci found. The discovery enabled the team to conclude that the original spider was not a hybrid.But since they had not yet found a living specimen of the mysterious arachnid, again the theory of extinction surfaced.In 2007, with the help of colleagues in South Africa, a field trip to KwaZulu-Natal’s Tembe National Elephant Park unearthed one male and two female individuals, all alive and well. The scientists were finally able to confirm the discovery of a new species.N. komaci is named after Kuntner’s best friend Andrej Komac, also a scientist, who died in an accident around the time of these discoveries. The genus name Nephila is taken from ancient Greek, meaning “fond of spinning” (nen: to spin and philos: love).“We fear the species might be endangered, as its only definite habitat is a sand forest in Tembe Elephant Park,” said Coddington. “Our data suggest that the species is not abundant, its range is restricted and all known localities lie within two endangered biodiversity hotspots: Maputaland and Madagascar.”He added that the discovery was just further evidence that “it’s a wonderful world”.The two have issued a plea for the public to help them find more living specimens, and possibly whole populations of the rare creature.Formidable femaleThe female Nephila komaci is the biggest spider of her type. Her leg span measures up to 12cm, about the size of a CD, while her body length is just under 4cm.However, the male of the species is puny in comparison – at just 2.5cm he is small enough to ride on his mate’s back, which he spends much of his time doing.This odd arachnid couple is typical of nephilid spiders, which show extreme sexual dimorphism – that is, the existence of two distinctly different forms within a species or on the same plant.The scientific view for this phenomenon is that the female most likely evolved to her gigantic size to scare away small predators and be able to lay more eggs.Despite the fearsome appearance and the possession of venom, the spiders are not dangerous to humans. The venom, explained Kuntner, works only on the spiders’ prey, which is mostly large insects, and will not poison a human.Although there are spiders larger than the golden orb weavers, their webs are certainly the biggest of all. The spectacular webs can reach as large as 1m in width or more. They are durable enough to last several years, and can trap not only insects but small birds.“Golden” refers to the colour of the silk, not the actual spider. Recently the silk from over 1-million industrious spinners was used to weave a one-of-a-kind textile.Seventy people collected golden orb spiders from telephone poles in Madagascar over a four-year period. Using a machine that allowed them to process 24 spiders at a time, another 12 people collected about 24m of silk filament from each captive. Filaments were then woven into silk strands, each one containing 96 filaments.The silk was carefully woven into a beautiful golden, 3.3m by 1.2m piece of cloth, the only one of its kind, which went on display at the American Museum of Natural History in September 2009.Unique environmentThe Tembe Elephant Park lies in the Maputaland region on the ancient “ivory route” which connected gold and ivory traders in pre-colonial Zululand and Mozambique.The reserve is home to the last indigenous elephant herd in the province, comprising over 220 individuals, and boasts what is possibly the largest tusker in Africa – certainly the largest in Southern Africa. He is Isilo, a 65-year-old bull and herd leader.Tembe is also home to one of the smallest antelopes in the world – the dainty suni, which stands just 35cm high at the shoulder. Ewes weigh more than rams but at just 5.4kg, they are still extremely petite creatures.In addition to elephant, the reserve is home to the other four members of the Big Five – lion, leopard, black and white rhino and buffalo. Visitors can also see zebra, giraffe, all species of antelope indigenous to the habitats of the area (sand forest, grassland, wetland) and more than 340 bird species.The reserve has one luxury lodge, which is 50% owned and fully operated by the local Tembe tribe. It offers all creature comforts, two game drives every day, meals under the stars, and other activities for the energetic visitor, such as scuba diving on reefs at the coast nearby.last_img read more

“What does FFA mean to you?”

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The following is a speech written by Amber Clingan, historian of the Mapleton FFA Chapter.What does FFA mean to you? FFA to me is a family. A family that is always there for you and pushes you to do better than your best. You end up making friendships and memories that are everlasting. The mission of the FFA is to make a positive difference in the lives of students by developing their potential for premier leadership, personal growth and career success through agricultural education.When I first joined I never thought I would take on different leadership roles I have now. Attending the meetings, seeing what really happens, experiencing the hard work that goes into the organization, and talking to people who life is revolved around the FFA. The more and more I learn and become involved, the more I want to do. I have taken on the role of Historian for my home chapter, Mapleton FFA, joined the junior fair board, became the treasurer for my 4-h club, Savannah Hardworkers, and a part of the band officer team.Going to state convention, hearing the state officers speak. Everything they said I took to heart. From what they said, I wanted to be like them. I wanted to be a better person. Since then I’ve opened myself up for anyone who needs it. I’ve become more helpful to my advisor, my fellow FFA members, and my friends.Since I’ve attended FFA Camp, at Muskingum Ohio, it has opened up my mind to new things. Ever since 7th grade my mind was set on what I wanted to be when I grew up. I wanted to major in law and minor in journalism, but since FFA camp I have been second guessing myself. Never in a million years did I think that I wanted to be a teacher. Now, I’m considering it. I like the thought of helping other, especially people younger than me, and to help provide the experience to other people that I got. I absolutely love the hands on work that comes with the Ag class. I how and what they thought us during camp. Camp, hearing the interns talk to us, seeing what they do, and how they should us valuable skills in fun ways just got me thinking. It got me thinking of how much fun it would be to be a teacher to do this kind of stuff with her students.What I have talked about is just the tip of the iceberg of how FFA impacted my life. Trust me I can go on and on and on how my life is impacted by FFA. FFA has done so much for me. I want other people to know what FFA has changed me as person for the better. I want other to know this so they can experience it before it’s too late.last_img read more