Loan asset – Stan Smith Loans http://stansmithloans.com/ Fri, 24 Sep 2021 20:16:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://stansmithloans.com/wp-content/uploads/2021/07/favicon-23.png Loan asset – Stan Smith Loans http://stansmithloans.com/ 32 32 Aqua Finance Trust to launch $ 775 million in ABS https://stansmithloans.com/aqua-finance-trust-to-launch-775-million-in-abs/ https://stansmithloans.com/aqua-finance-trust-to-launch-775-million-in-abs/#respond Thu, 23 Sep 2021 12:09:00 +0000 https://stansmithloans.com/aqua-finance-trust-to-launch-775-million-in-abs/ In its fourth asset-backed securities transaction, Aqua Finance Inc. plans to issue approximately $ 775 million in notes through Aqua Finance Trust 2021-A, or AQFIT 2021-A. The agreement will significantly increase the percentage of loans on marine or recreational vehicles for an AQFIT transaction. According to Moody’s Investors Service, the trust has a collateral pool […]]]>

In its fourth asset-backed securities transaction, Aqua Finance Inc. plans to issue approximately $ 775 million in notes through Aqua Finance Trust 2021-A, or AQFIT 2021-A. The agreement will significantly increase the percentage of loans on marine or recreational vehicles for an AQFIT transaction.

According to Moody’s Investors Service, the trust has a collateral pool made up of installment loans for home improvement, plus up to 25% marine or recreational vehicle loans. In previous transactions, collateral pools had concentrations of no more than 5% of marine / RV loans.

KeyBanc Capital Markets, Credit Suisse Securities and Goldman Sachs & Co., LLC are acting as initial purchasers of the notes in connection with the transaction. The capital structure includes a feature which states that if the Class A improvement reaches 57.7%, the transaction becomes a pro-rated compensation structure. This increases the average life of the Senior Notes and exposes the Notes to additional credit risk.

A cumulative loss trigger that reduces the structure to sequential compensation mitigates risk. The other mitigation is a recovery rate trigger, which increases the overcollateralisation target from 2% to 100%.

While Aqua Finance Inc. will have the option of selling additional loans to the trust for a period of up to six months after closing, no loans for borrowers with a FICO score below 600 will be added during the period. pre-financing. In addition, only 0.1% of borrowers in the pool had a FICO score below 500, according to Moody’s.

AQFIT 2021-A borrowers have a weighted average FICO (WA) score of 711, Moody’s said. The initial pool of guarantees has a weighted average initial term (WA) of 145 months, or just over 12 years.

A credit challenge is that AFI, the originator and manager, has a weak credit profile compared to other ABS sponsors. But a backup service agreement with Vervent mitigates that potential risk.

Although AFI offers financing on a promotional basis, which can also affect the payment of the underlying loans, this potential risk is mitigated by the fact that 83% of the trust’s receivables have no periods. promotions or that these periods have already ended.

Moody’s plans to assign an “A3” rating to the $ 599.8 million Class A Notes. All banknotes have a legal final maturity of July 2046.


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The real estate asset management software market is expected https://stansmithloans.com/the-real-estate-asset-management-software-market-is-expected/ https://stansmithloans.com/the-real-estate-asset-management-software-market-is-expected/#respond Wed, 22 Sep 2021 12:44:00 +0000 https://stansmithloans.com/the-real-estate-asset-management-software-market-is-expected/ Real Estate Asset Management Software Market This study examines the real estate asset management software markets in various aspects of the industry including market size, market conditions, market trends, forecast, etc., with brief information about the competitors. and specific growth by the main market drivers. We also provide opportunities. In the report, find a comprehensive […]]]>

Real Estate Asset Management Software Market

This study examines the real estate asset management software markets in various aspects of the industry including market size, market conditions, market trends, forecast, etc., with brief information about the competitors. and specific growth by the main market drivers. We also provide opportunities. In the report, find a comprehensive analysis of the Real Estate Asset Management Software market broken down by company, region, type and application.

Some of the analyzes of the key players in the Real Estate Asset Management Software Market:

UpKeep Technologies, Infor, MapYourTag, A1 Enterprise, Dematic, EZOfficeInventory, Kepion, Accruent, Intuit, AMPRO Software, Edutek Solutions, iWorQ Systems

Get a copy of this report:

https://bit.ly/3nRqiHo

Global Real Estate Asset Management Software Market Research Report

One of the key parts of this report is discussion of major vendors of Real Estate Asset Management Software industry on brand overview, profile, market revenue, and financial analysis . The report helps market players to develop future business strategies and find out about the global competition. A detailed analysis of market segmentation is done by report producer, region, type and application.

On the basis of geography, the market report covers the data points of several regions such as United States, Europe, China, Japan, Southeast Asia, India and the ‘Latin America.
Market analysis:

Other key factors considered in this report include supply and demand dynamics, industrial processes, import and export scenarios, R&D development activities, and cost structures. The report also estimates consumption demand and supply figures, production costs, gross margins and selling prices of the products.

Opt for an attractive discount here:

https://bit.ly/3EGKh1f

The main questions answered by this report are:

• What segments will perform in the real estate asset management software market over the projected years?

• In which market does a company have to approve its existence?

• What is the projected growth rate of the market?

• What are the long term deficiencies of the industry?

• How does the equity market change in value with different brands of manufacture?

• What are the qualities and disadvantages of the key players?

• What are the main findings and effects of the five Industry Force Surveys?

The conclusion part of their report focuses on the analysis of the existing competition in the market. Added some useful information to both industry and customers. All the major manufacturers included in this report are poised to expand their business in the region. We would like to thank the security industry experts and public relations engineers, as well as the support and assistance from the research and conventions of the pilot group. Data on market rates, volumes, revenue, supply and demand are also examined.

Contents:

1 Market overview

2 Manufacturer’s profile

3 Global Real Estate Management Software Sales, Revenue, Market Share and Competition by Manufacturer

Global Real Estate Asset Management Software Market Analysis by 4 Regions

Country 5 North America Real Estate Asset Management Software

Safety by European by 6 countries

7 Asia-Pacific Real Estate Asset Management Software by Country

8 South America Real Estate Asset Management Software by Countries

9 Country security in the Middle East and Africa

10 Global Real Estate Asset Management Software Market Segments By Type

11 Global Real Estate Asset Management Software Market Segments by Application

12 Security Market Forecast By (2021-2026)

13 sales channels, distributors, traders and resellers

14 Results and conclusions of the investigation

15 Annex

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https://bit.ly/3EIPhTl

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About Us

ReportsWeb is a one-stop-shop for reports and market research solutions for various companies across the world. We support our clients in their decision support system by helping them choose the most relevant and cost effective research reports and solutions from various vendors.

The market research industry has changed over the past decade. As business attention has shifted to niche markets and emerging countries, a number of publishers have stepped in to meet these information needs. We have experienced and trained staff who help you navigate different options and allow you to choose the best search solution at the most cost effective.

This version was posted on openPR.


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‘She’s always up to the occasion’: Senior UI is a ‘huge asset’ for local immigrant clients | Social services https://stansmithloans.com/shes-always-up-to-the-occasion-senior-ui-is-a-huge-asset-for-local-immigrant-clients-social-services/ https://stansmithloans.com/shes-always-up-to-the-occasion-senior-ui-is-a-huge-asset-for-local-immigrant-clients-social-services/#respond Sat, 18 Sep 2021 17:00:00 +0000 https://stansmithloans.com/shes-always-up-to-the-occasion-senior-ui-is-a-huge-asset-for-local-immigrant-clients-social-services/ URBANA – Daniella Di Stefano will brave all conditions for the causes in which she believes. After the Supreme Court agreed to consider lawsuits against the Deferred Action for Childhood Arrivals, or DACA, which prevents deportations of hundreds of thousands of young immigrants, Di Stefano helped raise more than $ 1,000 to help pay for […]]]>

URBANA – Daniella Di Stefano will brave all conditions for the causes in which she believes.

After the Supreme Court agreed to consider lawsuits against the Deferred Action for Childhood Arrivals, or DACA, which prevents deportations of hundreds of thousands of young immigrants, Di Stefano helped raise more than $ 1,000 to help pay for DACA claims and hosted a campus rally in fall 2019 that over 100 people attended.

Even in the freezing cold.

“It snowed for the first time in the school year that day, and then it didn’t snow until December,” Di Stefano said with a laugh. “A very strange way for the universe to react to our protest and our rallies.”

Two years later, the court challenges failed and Di Stefano is now a senior who has joined two immigration rights organizations on the University of Illinois campus.

For her work at the New American Welcome Center, helping local clients navigate the legal work of the immigration process, the senior will today receive the Student Leadership Award from the CU Immigration Forum.

The honor surprised Di Stefano; she nominated a few students for this award, never having thought it could end with her. Impostor syndrome “will never go away,” she said.

But the honor came as no surprise to his supervisors at NAWC, who struggle to find the words to sum up how important Di Stefano was to their organization.

“She has been a huge asset and played a huge role, honestly I am touched that she leaves us when she graduates in May,” said Zoë Foote, Director of Legal Services and Program at NAWC immigration assistance.

When Foote was on maternity leave from July to October last year, Di Stefano and another staff member kept legal services running, even updating a few practices along the way, she said. .

Di Stefano worked on a secure asylum last July and she led the construction of legal cases for immigrants victims of serious crimes to obtain status through U visas.

Even when clients have endured significant mental anguish and trauma, Foote said Di Stefano “never fails to impress” with his poise and empathy.

“It’s a relatively small example of how she consistently rises to the occasion,” Foote said. “She puts our customers first, she is incredibly smart, brilliant and responsive on every level you need.”

Di Stefano started as an intern at the NAWC in the summer of 2019, doing a lot of office work to ease the immigration process. Scheduling clients, filling out forms, translating documents from English to Spanish and vice versa, as well as conducting mock interviews for citizenship tests.

“Immigration takes so long, you will often start the process with someone, and it will take them years to see the result,” she said.

Even though it’s just a few forms to get a visa or an immigration process, Di Stefano relishes the relief his clients show when they learn they have legal options.

“Maybe we won’t see the end in the next two years, maybe in the next 10 years, but there is an end in sight, and it’s something I look forward to,” he said. said Di Stefano.

In addition to her legal work at the NAWC, she kept a calendar filled with implications.

She is the Executive Vice President of the Illinois Coalition Assisting Undocumented Students Education (I-CAUSE) and is working on psychology research at the Life Experiences Lab while completing her honors thesis. Di Stefano is a former I-Connect Campus Diversity Workshop Facilitator and a former member of the Filipino Students Association.

“I’m really someone who has to make an effort not to overwork because I really love what I do,” she said.

Some of her life balancers: She reads a lot, especially fiction, and finds solace in the Marvel movies. (Di Stefano recommends the recent opus “Shang Chi: The Legend of the Ten Rings.”)

Di Stefano came of age in the Chicago suburb of Hinsdale, in a house of South American immigrants. A mother and uncle from Peru, a Colombian father, an aunt from Brazil, a family from Honduras.

“I grew up mixing Spanish words and Portuguese words,” she said, and old habits are hard to break.

What exposed Di Stefano to even more cultural contexts was his school, the Hinsdale Adventist Academy, which was almost entirely made up of people of color, a single pocket in a predominantly white area.

Among the careers she envisions, outside of legal work: a doctor, even an undertaker.

“I want the people I work with to feel like they are being seen, that was my idea,” she said.

After two years of dealing with immigrant status cases, a law school or public interest path seems possible, perhaps even a post as a professor of immigration law down the line.

“The legal realm is seen as such a cold and rigid place where emotions aren’t really involved until you get to the nonprofit realm, and suddenly that value and virtue of being there for others. focus on everything, ”she said.

When she receives the award on Saturday, she will think of her mother, Rosa Wollemberg, for “pushing me to be who I want to be, no matter what obstacles in our path”, and for working “non-stop” to put her daughter in high school and college.

And she’ll think of the folks in the NAWC who tried their luck with herself younger and saw her pay off.

“This is a physical representation of my three years at NAWC, and the representation of all the people who have supported me during that time, who hired someone new at a college to be. legal intern and legal assistant when they had done so. many other people who could have been chosen, ”she said.


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Quick News: Paranormal, Trump, Senior, Criterion https://stansmithloans.com/quick-news-paranormal-trump-senior-criterion/ https://stansmithloans.com/quick-news-paranormal-trump-senior-criterion/#respond Thu, 16 Sep 2021 03:32:47 +0000 https://stansmithloans.com/quick-news-paranormal-trump-senior-criterion/ Paranormal activity: next of kinThe upcoming seventh installment of the “Paranormal Activity” franchise marked the title “Paranormal Activity: Next of Kin” which received an R rating by the MPAA “for violence and bloody images, and language throughout.” The film will arrive on March 4, 2022. [Source: Slashfilm] Failed assetChris Pratt will team up with “The […]]]>

Paranormal activity: next of kin
The upcoming seventh installment of the “Paranormal Activity” franchise marked the title “Paranormal Activity: Next of Kin” which received an R rating by the MPAA “for violence and bloody images, and language throughout.” The film will arrive on March 4, 2022. [Source: Slashfilm]

Failed asset
Chris Pratt will team up with “The Tomorrow War” co-star Sam Richardson for the action comedy “Standard Asset” at Universal Pictures.

Jen D’Angelo and Richardson (“Werewolves Within”) will write the project with the latter to star as well. The details of the story are under wraps, but Pratt will produce through his Indivisible Productions banner. [Source: THR]

The Senior
Michael Chiklis has signed on to star in Rod Lurie’s football drama “The Senior” which will be filmed in Texas this fall. The film is based on the true story of Mike Flynt (Chiklis) who, 37 years ago, was kicked out of his college football team for an altercation.

Now at 59, Mike learns that he has one more year of eligibility left, he decides to go back to school to graduate and try for the team to redeem his past. [Source: Deadline]

Criterion
Criterion has announced its December list which includes a 4K reissue of the iconic classic “The Red Shoes”, a Blu-ray release of Regina King’s “One Night in Miami” and Gordon Parks’ “The Learning Tree” Blu-ray . . [Source: Criterion]

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World Omni Financial prepares around $ 1.7 billion in automatic ABS issuance https://stansmithloans.com/world-omni-financial-prepares-around-1-7-billion-in-automatic-abs-issuance/ https://stansmithloans.com/world-omni-financial-prepares-around-1-7-billion-in-automatic-abs-issuance/#respond Tue, 07 Sep 2021 22:04:00 +0000 https://stansmithloans.com/world-omni-financial-prepares-around-1-7-billion-in-automatic-abs-issuance/ World Omni Financial Corp. enters the auto-lending ABS market with a jumbo transaction potentially securitizing two collateral pools that Fitch Ratings says have a higher credit quality than other sub-risk auto-lending transactions. Fitch noted in a recent pre-sale report that the World Omni Select Auto Trust (WOSAT) 2021-A deal will be primarily supported by subprime […]]]>

World Omni Financial Corp. enters the auto-lending ABS market with a jumbo transaction potentially securitizing two collateral pools that Fitch Ratings says have a higher credit quality than other sub-risk auto-lending transactions.

Fitch noted in a recent pre-sale report that the World Omni Select Auto Trust (WOSAT) 2021-A deal will be primarily supported by subprime retail installment loans on new and used cars and light trucks manufactured primarily. by Toyota and from World Omni. The bond tranches are expected to total $ 798.42 million and $ 1,008.06 million, including the fourth WOSAT transaction, the last of which was rated by Fitch in September 2020.

MUFG Securities Americas Inc. is the structuring lead underwriter, with Mizuho Securities, TD Securities and Truist Bank acting as joint lead managers, according to Finsight. Fitch rates MUFG at A / F1, with a negative rating outlook.

The loan pool also contains blue chip loans which, along with the majority of subprime loans, have a weighted average FICO score of 647, up from 641 in the 2020 deal, Fitch said. The rating agency notes that 78-month loans have increased to around 20% in the current agreement, up from 15% in the last, and although these loans have limited performance data due to a lack of experience, they have a high grade point average. FICO of 759.

“Overall, the credit quality of this pool is superior to other subprime auto loan transactions rated by Fitch, including past WOSAT transactions,” Fitch said in the September 7 report. “The performance of 2021-A is expected to be stronger with lower losses compared to previous WOSAT transactions due to the improved credit quality of the pool. “

The initial improvement in firm credit, while comparable, is expected to be lower than recently issued Fitch-rated subprime auto loan transactions, including past WOSAT transactions. Fitch noted, however, that “loss coverage levels remain adequate relative to Fitch’s loss indicator for expected ratings.”

The transaction has no Libor exposure as the assets and liabilities are at a fixed rate.


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LRES acquires Keystone Asset Management – NMP https://stansmithloans.com/lres-acquires-keystone-asset-management-nmp/ https://stansmithloans.com/lres-acquires-keystone-asset-management-nmp/#respond Tue, 24 Aug 2021 14:32:59 +0000 https://stansmithloans.com/lres-acquires-keystone-asset-management-nmp/ LRES Corp. has signed a definitive agreement to acquire Keystone Asset Management Inc., the companies said on Monday. LRES Corp., a diversified REO / asset management and valuation firm based in Orange, Calif., Said the deal to acquire Pennsylvania-based Keystone Asset Management Inc. is expected to be finalized. ‘by September 1, 2021. The joint companies […]]]>

LRES Corp. has signed a definitive agreement to acquire Keystone Asset Management Inc., the companies said on Monday.

LRES Corp., a diversified REO / asset management and valuation firm based in Orange, Calif., Said the deal to acquire Pennsylvania-based Keystone Asset Management Inc. is expected to be finalized. ‘by September 1, 2021. The joint companies will operate under the LRES Corp brand.

“Keystone has been a well-known and respected player in the asset management / REO field as well as in the field of appraisal and valuation for over 20 years.

We know the management team well and have admired their growth, innovation and resilience. It was an easy decision to join forces, ”said Roger Beane, CEO of LRES.

Keystone founder Jane Hennessy said she and Beane had discussed “for a long time finding a way to align the forces”, and said they were both “delighted” to have made an agreement. “LRES brings an additional layer of level one delivery capabilities. It’s an exciting time for our team, ”she said.

Keystone CEO Ryan Hennessy said he has known the LRES team for many years. “The two companies have a lot in common, have enjoyed a great working relationship over the years, and present a terrific solution to REO and valuation ecosystems,” he said.

The Keystone acquisition complements LRES ‘continued commitment to expand its service solutions channel and the customers it serves. “Keystone brings tremendous talent and technological capability,” said LRES President Mark Johnson. “An exciting by-product of this union is that we now have a talented team located in the Eastern time zone.”

Based in Lansdale, PA, Keystone provides real estate appraisals, REO asset management, property tax advice, property preservation and insurance services. To find out more, click here.

Founded in 2001, LRES Corp. offers property valuation, REO asset management, HOA and commercial trustee solutions for the mortgage and real estate industry. To learn more about LRES, click on here.


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Here’s what Vanguard has found to be the most powerful asset class for fighting inflation https://stansmithloans.com/heres-what-vanguard-has-found-to-be-the-most-powerful-asset-class-for-fighting-inflation/ https://stansmithloans.com/heres-what-vanguard-has-found-to-be-the-most-powerful-asset-class-for-fighting-inflation/#respond Tue, 17 Aug 2021 07:00:00 +0000 https://stansmithloans.com/heres-what-vanguard-has-found-to-be-the-most-powerful-asset-class-for-fighting-inflation/ Not all inflation hedges are created the same. Investors have certainly flocked to Inflation-Protected Treasuries, or TIPS, with the 10-year TIPS yield near a record low of -1.08% on Monday. But according to research by index fund giant Vanguard, the unexpected inflation beta is around 1. That is, a 1% rise in unexpected inflation would […]]]>

Not all inflation hedges are created the same.

Investors have certainly flocked to Inflation-Protected Treasuries, or TIPS, with the 10-year TIPS yield near a record low of -1.08% on Monday. But according to research by index fund giant Vanguard, the unexpected inflation beta is around 1. That is, a 1% rise in unexpected inflation would produce a 1% rise in the value of TIPS.

The hedging power against commodity inflation, on the other hand, is much stronger, and has been for some time. Over the past decade, the beta of commodity inflation has fluctuated between 7 and 9, which means that an unexpected 1% rise in inflation would lead to a 7-9% rise in commodities.

In recent times, stocks have been a better hedge against inflation, although they are still not as good as commodities. The Russell 3000’s inflation beta is now positive – unlike in the 90s – although it has declined in recent years. Vanguard research notes that commodity-related sectors such as energy and materials now account for a smaller share of the equity market than before, while tech and consumer discretionary sectors ineffective against the market. inflation are more important.

And the worst inflation hedge is bonds, as rising interest rates erode their value.

The buzz

Retail sales in the United States fell 1.1% faster than expected in July. Even excluding autos, retail sales fell another 0.4%.

U.S. equity futures fell, after a session in which the S&P 500 and Dow Jones Industrial Average each hit their fifth consecutive record high. The losses accelerated after the disappointment in retail sales.

Home Depot, home improvement retailer, reported slowdown in same-store sales higher than expected growth, although profits exceeded estimates as Walmart both exceeded profit and sales expectations and raised its sales forecast for the year. Walmart shares fell 1% and Home Depot fell 3% at the start of the pre-market action.

The United States should recommend booster shots of COVID-19 eight months after vaccination, according to the New York Times. New Zealand entered a three-day national lockdown on a single case of COVID.

Quarterly deposits made by fund managers showed Berkshire Hathaway increased their bet on the Kroger grocery chain while cutting several of their healthcare investments, and Michael Burry’s Scion Asset Management is betting against the fund. ARK innovation led by Cathie Wood.

In a series of tweets, Wood defended his position.

Table

The risk premium of equities – the difference between earnings and bond yields – hit a 15-month high in Europe, thanks to strong earnings that sent analysts’ net revision ratio to its highest since 2017, according to the reports. data compiled by the fund manager. Tree of wisdom. The Stoxx Europe 600 Monday broke a 10-game winning streak, its longest in 14 years, as the index has climbed 18% this year.

Random readings

Magnetic tapes will be phasing out of Mastercard credit cards.

Pi has now been calculated to a staggering level 62.8 trillion digits.

Need to Know starts early and is updated until the opening bell, but register here to receive it once in your mailbox. The emailed version will be sent at approximately 7:30 a.m. Eastern Time.

Want more for the day ahead? Sign up for Le Quotidien du Barron, a morning investor briefing, including exclusive commentary from the editors of Barron’s and MarketWatch.


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Education is the real asset we can give to children, says YS Jagan https://stansmithloans.com/education-is-the-real-asset-we-can-give-to-children-says-ys-jagan/ https://stansmithloans.com/education-is-the-real-asset-we-can-give-to-children-says-ys-jagan/#respond Mon, 16 Aug 2021 10:22:51 +0000 https://stansmithloans.com/education-is-the-real-asset-we-can-give-to-children-says-ys-jagan/ GODAVARI IS: The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy, on Monday launched the first phase of the Nadu Nedu-Mana Badi program and distributed the Jagananna Vidya Kanuka kits at Singamsetti Prabhavathi ZPP High School to P. Gannavaram of East Godavari and also launched the second phase of Mana Badi. Speaking on the […]]]>

GODAVARI IS: The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy, on Monday launched the first phase of the Nadu Nedu-Mana Badi program and distributed the Jagananna Vidya Kanuka kits at Singamsetti Prabhavathi ZPP High School to P. Gannavaram of East Godavari and also launched the second phase of Mana Badi.

Speaking on the occasion, the Chief Minister said: “Today we embark on a series of three major events. The first is that schools reopen from today. We have laid the foundations for the second phase of Nadu Nadu, Vidya Kanuka and we are embarking on a program to open schools for the future of children who have been absent from school for two years. percent while following the COVID protocol. The teachers were also vaccinated, ”he said.

With the future of poor and middle class students in mind, we give “Jagannanna Vidya Kanuka” to students in public and subsidized schools. Over 47.32 lakh students will receive the kits priced at Rs 731.30 crore. We offer three pairs of uniforms, one Oxford English-Telugu dictionary, one pair of shoes, two pairs of socks, bilingual textbooks, notebooks and an English dictionary with pictures for students up to the fifth grade to understand, ”he explained. .

“We have developed 15,715 schools at a cost of Rs 3,669 crore in the first phase to date. Today the second phase of work will begin and we are shaping the public schools around the corporate schools.

Thanks to Nadu Nedu, we are making ten changes in every public school. Among them we provide furniture, a water supply, drinking water, paintings, a green board, an English laboratory, fans, tube lamps, school walls and a kitchen. In this context, we have also set up an English laboratory in each school, the Chief Minister said with pride.

In this context, we have also developed Anganwadis. Today, the appearance of these 57,000 schools will change. The education system will be divided into six sections, unlike the Satellite Foundation. Pre-primary 1, 2 with the first year, two classes will be the Foundation. Foundation Plus will be from 1st to 5th class. Pre-high schools from the 3rd to the 8th class. If it is from the 3rd to the 10th class, it is the high school and if it is from the 3rd to the 12th class, it will be changed to a high school plus ”, explained the Chief Minister.

“We have taken steps to have a teacher for each subject. The number of students in schools has increased significantly from the last two years. We have spent Rs 32,714 crore in two years on this, as education is the real asset we can give to our children, ”said YS Jagan Mohan Reddy.

Read also: YS Jagan inaugurates schools under Mana Badi Nadu-Nedu at P. Gannavaram


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Truist, ready to buy consumer lender, cuts ties with GreenSky https://stansmithloans.com/truist-ready-to-buy-consumer-lender-cuts-ties-with-greensky/ https://stansmithloans.com/truist-ready-to-buy-consumer-lender-cuts-ties-with-greensky/#respond Thu, 12 Aug 2021 19:21:00 +0000 https://stansmithloans.com/truist-ready-to-buy-consumer-lender-cuts-ties-with-greensky/ Truist Financial is ending its partnership with fintech GreenSky shortly after announcing an agreement to buy another company also specializing in point-of-sale loans. Atlanta-based GreenSky revealed the partnership’s demise on Wednesday, a day after Truist said he would pay $ 2 billion to acquire Florida-based consumer lender. GreenSky has said in a securities filing that […]]]>

Truist Financial is ending its partnership with fintech GreenSky shortly after announcing an agreement to buy another company also specializing in point-of-sale loans.

Atlanta-based GreenSky revealed the partnership’s demise on Wednesday, a day after Truist said he would pay $ 2 billion to acquire Florida-based consumer lender. GreenSky has said in a securities filing that he did not expect Truist’s decision to have a significant impact on his earnings.

“The demand for GreenSky program consumer loans from multiple funding sources remains high, the cost of funds between funding sources remains low and GreenSky continues to be poised for high profitability,” the company said.

Loans for home improvement projects have been at the center of GreenSky’s concerns and Service Finance Co. Truist Financial has agreed to pay $ 2 billion to acquire the latter company and is terminating its partnership with the former.

Bloomberg

GreenSky offers technology that traders such as building contractors can use to provide installment loans to consumers. These loans are often funded by GreenSky partner financial institutions.

Truist’s ongoing acquisition of Service Finance Co., which also focuses on home improvement loans, would give the Charlotte, North Carolina-based bank a direct way to offer more installment loans to the consumption. The partnership between GreenSky and Truist will end on November 9, according to the filing.

About 8% of GreenSky’s total trading volumes this year come from Truist loan origination, according to the securities depository. In 2019, SunTrust Banks, which merged with BB&T to form Truist, accounted for approximately 12% of GreenSky’s trading volumes.

The securities deposit highlighted GreenSky’s efforts since the start of last year to diversify its funding model, which has historically relied heavily on banking partnerships. GreenSky has turned to the asset-backed securitization market and entered into a $ 1.5 billion purchase agreement with a global insurance company, according to the filing.

GreenSky also increased its funding commitments to other banks by more than $ 2.5 billion, aided by the addition of a new anonymous partner bank, according to the filing.

“Our sources of liquidity and funding have never been stronger,” GreenSky vice president Gerald Benjamin said in an interview.

According to Benjamin, several small banks that have worked with Service Finance have already asked if they can partner with GreenSky.

“We believe that Truist’s decision to end the relationship with GreenSky will likely result in greater availability of capital and greater funding capacity,” he said, “since all of Service’s former loan counterparts Finance are now seeking home improvement loans elsewhere. “

In a research note, Piper Sandler analyst Christopher Donat wrote that he believes Truist has been one of GreenSky’s biggest partners, if not the biggest. But demand for home improvement loans is currently high, according to Donat, who doesn’t expect the end of the Truist partnership to lead to “fundamental change” for GreenSky.

“While we view the loss of a large banking partner as a negative,” Donat wrote, “we agree with management’s view that the loss of Truist should not be material to them. profits “.

Home improvement loans showed little sign of slowing down after the coronavirus pandemic caused a ascend in home repair and renovation projects. Brian Doubles, CEO of credit card company Synchrony Financial, told analysts last month that “consumers’ desire to invest in their living spaces is stronger than ever” amid the ongoing transition to more remote work.

Home Depot, a major partner of GreenSky, told analysts in May that it continued to see “unprecedented levels” of momentum in the first three months of the year.

Merchants who work with GreenSky are seeing “very, very strong consumer demand”, and ongoing shortages in the supply chain are expected to continue to be a positive wind for the rest of this year and possibly next year as well. , according to Benjamin.

“We don’t expect demand to drop anytime soon,” Benjamin said.

Green sky lost another banking partnership in 2019 after Regions Financial decided not to renew its contract. Like Truist, the regions this year announced plans to acquire a home improvement lender. The Birmingham, Alabama-based bank’s $ 960 million deal to buy Salt Lake City-based EnerBank USA is expected to close in the fourth quarter.


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IPCC: Widespread, rapid and intensifying climate change https://stansmithloans.com/ipcc-widespread-rapid-and-intensifying-climate-change/ https://stansmithloans.com/ipcc-widespread-rapid-and-intensifying-climate-change/#respond Mon, 09 Aug 2021 22:37:40 +0000 https://stansmithloans.com/ipcc-widespread-rapid-and-intensifying-climate-change/ Unless the world acts quickly to reduce carbon emissions, limiting warming to nearly 1.5 ° C or even 2 ° C will be out of reach, latest report warns Scientists have issued a grim warning about current changes in Earth’s climate, saying they can be observed in all regions and across the climate system. According […]]]>

Unless the world acts quickly to reduce carbon emissions, limiting warming to nearly 1.5 ° C or even 2 ° C will be out of reach, latest report warns

Scientists have issued a grim warning about current changes in Earth’s climate, saying they can be observed in all regions and across the climate system.

According to the latest report from the Intergovernmental Panel on Climate Change (IPCC), released on Monday, August 9, many of the observed changes in the climate are unprecedented for thousands, if not hundreds of thousands of years, and some of the changes already defined in motion, such as continuous sea level rise, are irreversible over hundreds or even thousands of years.

IPCC Working Group I report, Climate change 2021: the basis of physical science, provides new estimates of the chances of crossing the global warming level of 1.5 ° C over the next several decades, and finds that unless there are immediate, rapid and large-scale reductions in emissions greenhouse gas emissions, limiting warming to nearly 1.5 ° C or even 2 ° C will be out of reach.

The report shows that greenhouse gas emissions from human activities have been responsible for about 1.1 ° C of warming since 1850-1900, and finds that on average over the next 20 years, global temperature is expected to reach or exceed 1.5 ° C of warming.

This assessment is based on improved observational datasets to assess historical warming, as well as advances in scientific understanding of the climate system’s response to human-made greenhouse gas emissions.

Reality check

However, strong and sustained reductions in carbon dioxide (CO2) and other greenhouse gas emissions would limit climate change. While the benefits to air quality would come quickly, it could take 20 to 30 years for global temperatures to stabilize, according to the report.

The Working Group I report, prepared by 234 authors from 66 countries and 517 contributing authors, is part one of the IPCC’s Sixth Assessment Report (AR6), which will be completed in 2022.

“This report reflects extraordinary efforts under exceptional circumstances,” said Hoesung Lee, Chairman of the IPCC. “The innovations in this report, and the advances in climate science it reflects, make an invaluable contribution to climate negotiations and decision-making. “

“This report is a reality check,” says Valérie Masson-Delmotte, co-chair of IPCC Working Group I. “We now have a much clearer picture of the past, present and future climate, which is essential for understanding where we are going, what can be done and how we can prepare.”

Each affected region

Many characteristics of climate change depend directly on the level of global warming, but what people experience is often very different from the global average. For example, land warming is greater than the global average, and it is more than twice as high in the Arctic.

“Climate change is already affecting all regions of the Earth in multiple ways. The changes we are experiencing will increase with further warming, ”said IPCC Working Group I co-chair Panmao Zhai.

The report predicts that over the next decades, climate change will increase in all regions. For every 1.5 ° C of global warming, there will be increasing heat waves, longer hot seasons and shorter cold seasons. At 2 ° C of global warming, extreme heat would more often reach critical tolerances for agriculture and health, according to the report.

But it’s not just a question of temperature. Climate change is causing multiple different changes in different regions – all of which will increase with warming. These include changes in humidity and drought, winds, snow and ice, coastal areas and oceans. For example:

  • Climate change is intensifying the water cycle. This results in more intense rainfall and associated flooding, as well as more intense drought in many areas.
  • Climate change affects precipitation patterns. In high latitudes, precipitation is likely to increase, whereas it is expected to decrease over large parts of the subtropics. Changes in monsoon precipitation are expected, which will vary by region.
  • Coastal areas will experience continuous sea level rise throughout the 21st century, contributing to more frequent and severe coastal flooding in low lying areas and coastal erosion. Extreme sea level events that previously occurred once every 100 years could occur every year by the end of this century.
  • Further warming will amplify permafrost thaw and loss of seasonal snow cover, melting glaciers and ice caps, and loss of arctic sea ice in summer.
  • Changes in the ocean, including warming, more frequent marine heat waves, ocean acidification, and reduced oxygen levels have been clearly linked to human influence. These changes are affecting both ocean ecosystems and the people who depend on them, and they will continue for at least the rest of this century.
  • For cities, some aspects of climate change may be magnified, including heat (since urban areas are generally warmer than their surroundings), flooding from heavy rainfall, and sea level rise in coastal towns. .

“It has been clear for decades that the Earth’s climate is changing, and the role of human influence on the climate system is undisputed,” says Masson-Delmotte. Yet the new report also reflects major advances in the science of attribution – understanding the role of climate change in intensifying specific weather and climate events such as extreme heat waves and heavy rainfall.

Human action

The report also shows that human actions still have the potential to determine future climate change. It is clear that carbon dioxide (CO2) is the main driver of climate change, although other greenhouse gases and air pollutants also affect the climate.

“Stabilizing the climate will require strong, rapid and sustained reductions in greenhouse gas emissions and the achievement of zero net CO2 emissions. Limiting other greenhouse gases and air pollutants, especially methane, could have both health and climate benefits, ”Zhai explains.

In Asia, some of the common regional changes are as follows:

  • The observed increase in mean surface temperature clearly fell outside the range of internal variability from 1850-1900. Extreme heat has increased while extreme cold has decreased, and these trends will continue for decades to come.
  • The relative sea level around Asia has risen faster than the global average, with loss of coastal areas and retreat of the coastline. The regional mean sea level will continue to rise.
  • Average and abundant precipitation will increase over much of Asia.
  • Marine heat waves will continue to increase.
  • The fire seasons will lengthen and intensify, especially in parts of North Asia.
  • Average surface wind speeds have decreased and will continue to decrease in central and northern parts of Asia.

The IPCC is the United Nations body responsible for assessing the science related to climate change. It was created by the United Nations Environment Program (UNEP) and the World Meteorological Organization (WMO) in 1988 to provide political leaders with periodic scientific assessments regarding climate change, its implications and risks, as well as to propose adaptation and mitigation strategies. In the same year, the United Nations General Assembly endorsed the action of WMO and UNEP by jointly establishing the IPCC. It has 195 member states.

The report of Working Group I was approved Friday August 6 by 195 member governments of the IPCC, during a virtual approval session held over two weeks from July 26.


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