first_imgSafaricom Limited (SCOM.ke) listed on the Nairobi Securities Exchange under the Technology sector has released it’s 2009 presentation For more information about Safaricom Limited (SCOM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Safaricom Limited (SCOM.ke) company page on AfricanFinancials.Document: Safaricom Limited (SCOM.ke)  2009 presentation Company ProfileSafaricom Limited is an integrated telecommunications company in Kenya providing mobile, fixed voice, data, SMS, Internet and M-PESA services. The company sells mobile phones and tablets as well as broadband modems and routers. It also offers its customers data bundles for pre- and post-paid customers; pre- and post-paid voice plans and SMS services for national and international roaming; Okoa Jahazi for emergency top-up credit; and Flex plans for browsing, calling and SMSing. Bonga Points is a customer loyalty programme and M-PESA is a mobile telephone service to deposit, transfer and withdraw money as well as pay for goods and services. Other services offered include website and email, calling and cloud and hosting services. Safaricom Limited’s head office is in Nairobi, Kenya. Safaricom Limited is listed on the Nairobi Securities Exchangelast_img read more

first_imgstarafricacorporation Limited (SACL.zw) listed on the Zimbabwe Stock Exchange under the Food sector has released it’s 2021 interim results for the first quarter.For more information about starafricacorporation Limited (SACL.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the starafricacorporation Limited (SACL.zw) company page on AfricanFinancials.Document: starafricacorporation Limited (SACL.zw)  2021 interim results for the first quarter.Company Profilestarafricacorporation Limited is an established sugar refinery in Zimbabwe; manufacturing and marketing sugar-based products under two well-known brand names, Goldstar Sugar and Country Choice Foods. Its product range comprises icing sugar, golden syrup, honey syrup and maple syrup. There are only two sugar mills in Zimbabwe and both are owned by Starafrica Corporation; producing products for local consumption and for export to countries in sub-Sahara Africa. Its subsidiary companies are Starafrica Operations (Private) Limited and Silver Star Properties (Private) Limited which is a property division involved in managing commercial, manufacturing and residential premises in Zimbabwe. starafricacorporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more

first_imgWhy has the Shell share price climbed 45% since October’s low? Alan Oscroft | Monday, 23rd November, 2020 | More on: RDSB 5 Stocks For Trying To Build Wealth After 50 Enter Your Email Address Image source: Getty Images. Simply click below to discover how you can take advantage of this. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 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.center_img Our 6 ‘Best Buys Now’ Shares Royal Dutch Shell (LSE: RDSB) did something this year that many investors had considered unthinkable. In the wake of the Covid-19 pandemic, the oil giant slashed its dividend. That’s been the story of dividend stocks across the FTSE 100 this year. But Shell is different. Shell had never cut its dividend since the Second World War. The Shell share price plummeted, and sat on a 60% loss less than a month ago.Since a recent low on 28 October, Shell has rebounded with a 45% jump. Why the sudden change in fortunes? Well, it’s mostly down to the general market upturn as a result of Covid-19 vaccine developments. We now have three vaccines that have yielded very positive results in trials. The FTSE 100 has itself gained 15% since these results started coming in.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…Shell share price bouncing backBut why has the Shell share price rebounded so much more strongly than the index? Essentially, it looks like a result of the size of the fall in the first place. By mid-March, when Shell shares had crashed 60%, the Footsie was down only around 30%.I really was surprised by the extent of the market’s hostile reaction to Shell’s dividend cut, and I think the sell-off was seriously overdone. After all, Shell, and other big oil companies like BP, are surely among the most long-term of long-term investments? And they’d surely suffer less than those with much shorter-term risks?But the dividend cut really does seem to have shocked the investment world, as the huge Shell share price crash shows. If any stock was thought of as a reliable long-term investment, surely it was Shell. After all, Shell weathered the 1970s oil crisis, and the more recent oil price slump, without a dividend cut. So why should the pandemic necessitate one?It’ll never be the same againIt looks like there are two key reasons why the Shell share price is under sustained pressure now. Firstly, while we’re all captivated by the coronavirus threat, it’s easy to miss the fact that we’re in another oil price slump. When the last one eased, production levels still remained high, and the glut continued to hold prices back.And with the sudden fall in demand in 2020, the price of a barrel crashed below $20 in May. It has recovered to around $45 as I write, but still below the $75 or so levels that I look for to support long-term oil stock investment.On top of that, there’s the increasing pressure to wean ourselves away from fossil fuels. That’s nothing new, and it’s been on the back burner for years. But it has assumed a keener focus in 2020. And it’s already led to drastic new plans from BP, for example.No more oil?BP’s strategy includes a tenfold increase in low-carbon investment by 2030, rising to eightfold by 2025. And hydrocarbon production down 40% by 2030, emissions from operations down 30%–35%, upstream emissions down 35%–40%… the list goes on. Pressure on the sector to move in the same direction seems unavoidable, and I can see Shell share price weakness for quite some time to come.But even with the rebased dividend, analysts still put future yields at around 4.5%. I think 2020 could still prove to be a good time to buy Shell. 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. Click here to claim your free copy of this special investing report now! Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. See all posts by Alan Oscroftlast_img read more

first_img The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Canon for Family Ministry Jackson, MS Associate Rector for Family Ministries Anchorage, AK [Episcopal News Service – Gulf Coast] In the 10 years since Hurricane Katrina changed the Gulf Coast forever, the arc of The Episcopal Church’s ministry here traces a story of evolution and transformation filled with lessons for the rest of the church.It was clear that recovery along the Gulf Coast would take years and, 10 years later, The Episcopal Church serves communities in which the path to recovery has been rocky for some and smoother for others. In some places, including parts of New Orleans, the recovery is still incomplete and far from secure.“The scars are there and, in some instances, deep pain continues to surface with not much help actually,” Diocese of Louisiana Bishop Morris Thompson told Episcopal News Service. “But for many people life has gone on in a new way.”Katrina was directly responsible for approximately 1,300 deaths in Louisiana (the majority were people older than 60 years) and 200 in Mississippi. Including deaths indirectly related to the storm, an estimated 1,833 people died. Producing an estimated $151 billion in property damage, including $75 billion in the New Orleans area and along the Mississippi coast, Katrina was the costliest U.S. hurricane on record in terms of property loss.After making landfall as a Category 1 storm in South Florida, Katrina made two more landfalls along the Gulf Coast, including its last, as a Category 3 storm at the mouth of the Pearl River along the Louisiana-Mississippi coast. Katrina remained at hurricane strength as far inland as Meridian, Mississippi, about 170 miles north of the storm’s last landfall. The hurricane obliterated entire Gulf Coast towns in Mississippi, but the devastation in New Orleans got far more media attention.Today, about 2,700 more people live in Mississippi’s three coastal counties than before the storm and there are more housing units, according to a U.S. Census Bureau report. Slightly more African-American, Hispanic and Asian people live in those counties and the number of white residents has dropped by 4.7 percent. There are about 5,000 fewer businesses and employment is down slightly than in 2005.Much has been made of the New Orleans’ 10-year recovery – it recently made the list of the 50 fastest-growing U.S. cities, with one quarter of its population having moved there since Katrina. However, while there has been what The New Orleans Index at Ten, a report by New Orleans-based The Data Center, calls “economic and reform-driven progress,” the poverty rate in New Orleans has risen to pre-Katrina rates and is now a “crushingly high” 27 percent. The U.S. poverty rate is 14.5 percent.In metropolitan New Orleans, employment and income disparities between African-Americans and white are “starker than national disparities,” according to the report. Poverty is increasing in the parishes surrounding as well.The city is also whiter, with 7.5 percent fewer African-Americans and 4.7 percent more whites, according the Census Bureau. African-American residents still remain New Orleans’ largest race or ethnicity at 59.8 percent, the report said.Racial divisions and inequalities the storm revealed continue to trouble the city. Ten years after Katrina, white and black New Orleanians have drastically different opinions of the city’s recovery, according to a survey by the Public Policy Research Lab at Louisiana State University that was released Aug. 24. Almost four in five white residents (78 percent) say that Louisiana has “mostly recovered,” while nearly three in five African-American residents (59 percent) say it has “mostly not recovered,” the survey said.It is against this backdrop that The Episcopal Church’s ministry goes on every day across the region.Over the course of 10 years of recovery thus far, “we’ve learned a lot of lessons about the immediate needs” and how those needs change over time, Louisiana’s Bishop Thompson said. “That’s a gift that the people in the Gulf can give to the church,” he suggested.Thompson’s counterpart in Mississippi, Bishop Brian Seage, who became diocesan bishop earlier this year, said in an Aug. 26 video message to the diocese that “out of death brought by Katrina began the resurrection of the coast.”Rob Radtke, who had just begun work as Episcopal Relief & Development’s president when Katrina hit and who went to Louisiana soon after, said the way the organization works in 2015 is “deeply informed by the experience of responding to Katrina.”While other denominations had “very well-thought-out” response plans in 2005, “The Episcopal Church had not then really thought about what its role would be in times of disaster,” he told ENS. When he was hired, Radtke had been charged with developing a strategic plan for the organization and Katrina made it very clear that Episcopal Relief & Development had to develop a “serious U.S. disaster response program,” he said.(A series of blog posts about Episcopal Relief & Development’s Katrina response is here.)Today, the organization does not have a “one size fits all style” of response and it does not have the “boots on the ground” response practiced by other denominations, said Radtke. Instead, it uses an asset-based community development model to discern and help strengthen dioceses’ capacities “so that in times of disaster, they are leveraging their strengths to respond to the needs that are presented to them.”After a disaster, people often turn first to houses of worship for help and solace. “The Episcopal Church needs to embrace that reality,” Radtke said. “It’s a huge opportunity for ministry,” he added, and one upon which Episcopal Relief & Development’s U.S. Disaster Program is founded.That program continues to partner with the diocese of Louisiana, Mississippi and The Central Gulf Coast, according to  Abagail Nelson, Episcopal Relief & Development senior vice president for programs. Deacons from the area deacons have shared their experiences in disaster response with others around the country via the organization’s Partners in Response program, Nelson added.In addition to being in touch with Episcopalians ahead of predictable potential disasters, the organization strives to focus quickly on strengthening local congregations’ response by listening “with open ears and hearts to what do the local parishes feel called to do,” Radtke said.And, in Louisiana and Mississippi, local congregations responded almost immediately and, 10 years later, many of their ministries have changed and continue. Here are some examples.St. Mark’s Episcopal Church, Gulfport, MississippiAfter Katrina, this 169-year-old congregation’s first response was to gather for worship and to start to rebuild a community that had been devastated by the hurricane. On the Sunday after Katrina had torn their church from its gulf-side moorings, parishioners gathered on the remaining concrete slab. The Rev. James “Bo” Roberts, then the rector, tearfully asked the survivors to remember their white wooden church with its steeple and green shutters.“St. Mark’s is gone if that’s what you think it is,” he then told them. “But if you think it’s you and me and the rest of us, then we will build on from here.”With Roberts’ prompting, the members took a daring and long step off the beach after the storm.Now located a few miles inland and north of its historic site, St. Mark’s sits in the middle of five neighborhoods. Many new young families have joined the church. Vacation Bible School this summer had to be split into two groups because so many children participated. Ministry to children and youth is a new characteristic of St. Mark’s these days, the Rev. Stephen Kidd, priest-in-charge, said.Kidd also noted that the transformation isn’t limited to St. Mark’s. All of the clergy in the Mississippi Gulf Coast churches are new in the last five years or less and most of them are in their thirties and forties, he said. They and their congregations are transforming their ministries, in one place turning their surviving parish hall into a feeding location for homeless people and in another instance collaborating on youth ministry.“We all are sharing in this interesting experience of being clergy at churches who have all experienced this trauma, but have also risen out of that in a variety of new and interesting ways,” he told ENS. “So it really does feel like we’ve been co-opted into a resurrection story that started before we got here.”All Souls Episcopal Church and Community Center, New OrleansNew Orleans’ Lower Ninth Ward was swamped by anywhere from four to 20 feet of water when the Industrial Canal’s walls failed after Katrina made landfall. A month after Katrina, Hurricane Rita flooded the neighborhood again.It was in this community that the Diocese of Louisiana and the Church of the Annunciation (see below) launched what was then known as Church of All Souls as a mission station to minister to the many families who were trying to return to their homes. The congregation began in the garage of a parishioner during a time when few homes on the street were occupied. The congregation then rented space at a nearby Baptist church. Now housed in a former Walgreens drug store, All Souls was named in honor of the new souls who would come to worship and those souls who were lost in Katrina’s waters.Then-Archbishop of Canterbury Rowan Williams blessed the Walgreens building while he was in the city for the September 2007 meeting of The Episcopal Church’s House of Bishops. Williams said that the planting of All Souls showed that “when other people are running away, we as Christians ought not to run away; we ought to be there.”One day earlier this year, six young children came bouncing their basketball past the church while Happy H.X. Johnson, director of the community center, stood talking to a reporter. He went back inside the building to get pre-made peanut butter and jelly sandwiches and boxes of chocolate milk for them.“We are working very hard to cultivate the next generation of leaders in the Lower Ninth Ward,” Johnson said. “We’ve got a lot of work to do and that work is almost never over but we take it seriously.”The community center provides a free after-school program with volunteer tutors. “We feel very blessed and fortunate to be entrusted with this mission to educate God’s children,” he said. “It’s a very rewarding experience.”Every day, Johnson said, All Souls lives the gospel imperative to serve the least among the community’s members. “We’re doing some of the most important work the church could be doing in an area that experienced extreme flooding, extreme devastation,” he said.After Katrina some politicians and others said the Lower Ninth should be bulldozed and made into green space. “This is more than green space. This is centuries-old home ownership, thriving educators, dynamic musicians like Fats Domino whose house is right down the street,” Johnson said. “So this is a place with a lot of meaning and a lot of history, and it’s just great that The Episcopal Church is here doing this work.” Tags Bishop Diocesan Springfield, IL Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Christ Church Cathedral, New Orleans  Just before Katrina, Christ Church’s dean, the Very Rev. David duPlantier, was new to his post and a study had shown that the congregation on St. Charles Avenue in the Garden District wanted to find a way to connect with the Central City portion of its neighborhood. Central City was a center of African-American commerce and culture in the first half of the 20th century. It later fell into decline after the city integrated. It is said to have the highest percentage of both homicides and churches in the city.Katrina has put that desire for congregational connection into action to the point where duPlantier said the cathedral’s rooms are so blessed filled with community group meetings that it’s hard sometimes to find space for the vestry.“We’re just at the beginning of it but it’s really brought people into the cathedral – hundreds, maybe thousands of people in the last 10 years,” he said. “We’ve made ourselves not only a part of the neighborhood but a central part of the neighborhood that we’ve been in for 120 years.”DuPlantier called the transformation the “logical extension of what a cathedral at its best is.”After beginning as a diocesan ministry with strong backing from Episcopal Relief & Development, Jericho Road Episcopal Housing Initiative has become a ministry of the cathedral. It has also expanded its view of its mission from simply house building to helping residents build communities in a city known for its neighborhoods. An earlier video from ENS’ Katrina 10 years later coverage tells the story of Jericho Road’s evolution. Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Editor’s note: This story is the last in a weeklong series stories and videos about the 10th anniversary of Hurricane Katrina and The Episcopal Church’s role in the Gulf Coast’s ongoing recovery. Other videos and stories are here.– The Rev. Mary Frances Schjonberg is an editor/reporter for the Episcopal News Service. Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Knoxville, TN Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Featured Events Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Hopkinsville, KY Curate Diocese of Nebraska Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Rector Columbus, GA The Dragon Café at St. George’s Episcopal Church, New OrleansThe December after Katrina when New Orleanians were filtering back into the devastated city, the Garden District and Uptown sections of town were “still a frontier town,” according to parishioner Tom Forbes, a maritime lawyer. “There was nothing after six o’clock. There was one supermarket. It was dark at night; you’d drive up dark streets. There was maybe one restaurant open … you could score lunch off a Red Cross truck, but it was hard to get dinner.”Forbes recalled that then-Bishop Charles Jenkins suggested that Christ Church Cathedral, a mile west on St. Charles Avenue from St. George’s, ought to serve as a clothing exchange (for weeks the front lawn was lined with clothing racks, shoes and cleaning supplies), Trinity Episcopal Church, with its large clergy staff, could be a counseling center and St. George’s, which had a history of feeding people during Carnival as a fundraiser, would be the feeding church.“Initially it was part of our intention to feed our own parishioners and anybody else who walked in,” said Forbes, who still serves food at the café. “And gradually over the years the parishioners got fixed up spiritually and ‘housing-ly,’ but by then we’d begun to gather a crowd of people who were under-housed or literally from the street, and volunteers – the out-of-state volunteers who came here and literally saved this town.”At what is still known as the Dragon Café, the initial Friday night meals began with donated food, including three freezers worth of food from at least one Mississippi cruise ship that went into dock early because it had no business, according to Forbes. Soon the café began serving on Thursday nights as well, often with live music and what Forbes calls “real fellowship, commiseration, gratitude, and faith.”As the Garden District came back to life and the café realized its mission was changing, the parish switched from dinner to Sunday breakfast to better serve the clientele it was attracting. The Rev. Richard B. Easterling, St. George’s rector, said the café staff also realized that a lot of other agencies were serving hot food in the evenings.“What makes our ministry cool is that it is parish-led,” Kelly McAuliffe, the café’s volunteer coordinator, said. “It’s regular folks who work 9-to-5 jobs who get up a little earlier on Sunday and they serve.”Recalling one of the traditional post-communion prayers, McAuliffe said, “This is the work God has given St. George’s to do.” Katrina+10 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Assistant/Associate Priest Scottsdale, AZ Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Youth Minister Lorton, VA Rector Tampa, FL New Berrigan Book With Episcopal Roots Cascade Books AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Belleville, IL Rector Pittsburgh, PA St. Paul’s Episcopal Church, New Orleans, Homecoming Center   Hurricane Katrina transformed people as well as the physical landscape of the Gulf. Connie Uddo says she is a good example.When Uddo and her family moved back into the Lakeview section of New Orleans in January 2006, they were just one of 10 families living on streets that used to have 8,000 occupied homes. Katrina’s floodwaters destroyed the two lower units of the triplex they owned.“There were no insects, there were no birds,” no street lights, no mail or newspaper delivery “for a solid year,” she said. Looting was still going on; their car was broken into. It was depressing, and Uddo, who was a tennis professional before Katrina but was then without a job, wasn’t sure she could continue to live there.“I just got face down to the Lord and said ‘Give me a word; show me how to live here,’” she said. Then Uddo came across a verse in 2 Chronicles advising strength and courage with God at one’s side in the face of adversity.She decided to open up her house as a recovery center. She and others began cleaning up their neighborhood. Uddo went to a rebuilding workshop at St. Dominic’s Roman Catholic Church across the street from St. Paul’s Episcopal Church where St. Paul’s then-rector, the Rev. Will Hood, introduced himself after Uddo had explained her work. He invited her to move her operation into a building behind St. Paul’s. She, Hood, the parish and the diocese’s Office of Disaster Recovery began St. Paul’s Homecoming Center, which Uddo said became Lakeview’s recovery hub.As of December 2013, the center estimates it had touched the lives of more than 100,000 people and coordinated more than 60,000 volunteers, while also providing more than $200,000 to victims of hurricanes Sandy and Isaac.The center moved to the neighboring Gentilly area about six or seven years ago, Uddo said, and “plugged in the model” of ministry begun in Lakeview, but adapted it to the fact that the neighborhood had been lived in longer after Katrina than when the center began in Lakeview. It was important to come in “very gently” and not presume to say that Lakeview folks were coming in to show Gentilly residents what to do, she said.“We had to figure out a way to reinvent ourselves,” she said.The Homecoming Center is now St. Paul’s Senior Center to serve elderly residents in both the Lakeview and Gentilly neighborhoods, many of whom are still dealing with issues from Katrina. Wrecked houses remain standing and inhabited homes are sparse on some streets.The center provides meals, case-management services, activities ranging from bingo to computer classes, and depression and isolation prevention, and tries to foster “an active and engaging environment.” Uddo is the center’s development director.The transformation of the center and, Uddo says, of her own heart has been hard. And, while she would not wish Katrina on anyone, “I thank God that he brought me through this storm because I am just a deeper, richer person, and I have my priorities straight.” Family Ministry Coordinator Baton Rouge, LA Church of the Annunciation, New OrleansThree weeks after Katrina, after the water had been pumped out of the city’s Broadmoor neighborhood and thus out of the Church of the Annunciation, there were still tree branches strewn among the jumbled pews that the floodwaters had floated. There was evidence that looters had been in the buildings and all the recent renovations to its school wing were for naught, said Noel Prentiss, the church’s sexton.But the church’s first concern about cleaning up was to make it possible to aid area residents. In fact, the church parking lot soon became the center of the neighborhood’s recovery.The work began out of some tent canopies and a shipping container in the church’s parking lot. Those were replaced by two mobile homes; a doublewide that served as worship space and a singlewide was an office for the church and the neighborhood organization. Eventually the parish hall was cleaned out enough to be used as a warehouse for all the supplies the relief effort was accumulating, Prentiss explained.It was three years until the congregation moved back into its sanctuary.Early on the congregation expanded its ministry to host and house volunteer groups who were coming from all over the country to help. At it fullest, the Annunciation dormitory had 100 beds in which about 1,500 people slept annually. In the last 10 years, volunteers out of Annunciation rebuilt 110 homes in the neighborhood, according to the Rev. Duane Nettles, the church’s rector.In summer of 2014, the dormitory went to 35 beds and the congregation has welcomed between 500-600 people annually as they come to do Katrina-related work. In all about 14,500 volunteers to date have stayed at Annunciation. This year the accumulated value of their labor will hit the $10 million mark.“For us, we see that part of our call coming out of this is to remind people that small Episcopal churches can do really mighty things,” Nettles said. Especially, he added, those congregations that adopted the ancient model of a cathedral being the center of a community’s life.Another reason for hosting volunteers is to help other Episcopalians learn about the power of mission. This summer when a group of youth volunteers from the Episcopal Church in South Carolina stays at Annunciation, the parish will waive the nominal fee it charges volunteers to make the youth trip possible.“We’ve seen the way mission has transformed our congregation and, time and time again, given it a new lease on life,” he said, adding that mission has also “in a really wonderful way caused holy hell” for congregations whose members volunteered in New Orleans and then went home to see what could be done in their communities.“The best way to rebuild yourself is to get out there and get beyond yourself,” Nettles said. Assistant/Associate Rector Washington, DC Associate Priest for Pastoral Care New York, NY center_img By Mary Frances SchjonbergPosted Sep 2, 2015 Rector Collierville, TN This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Submit a Press Release Rector Martinsville, VA Director of Administration & Finance Atlanta, GA Rector Albany, NY Cathedral Dean Boise, ID Course Director Jerusalem, Israel Rector Smithfield, NC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC Rector/Priest in Charge (PT) Lisbon, ME Press Release Service An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Missioner for Disaster Resilience Sacramento, CA Episcopal Relief & Development, Priest-in-Charge Lebanon, OH TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector (FT or PT) Indian River, MI Rector and Chaplain Eugene, OR Featured Jobs & Calls Rector Washington, DC Rector Shreveport, LA The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Director of Music Morristown, NJ Out of Deep Waters: ‘Co-opted into a resurrection story’ Hurricane Katrina transformed people and ministry along the Gulf Coast Submit an Event Listing Rector Bath, NC Submit a Job Listing Assistant/Associate Rector Morristown, NJ St. Anna’s Episcopal Church, New OrleansSt. Anna’s Episcopal Church, in the neighborhood just north of the French Quarter, has a large board tacked up on the exterior wall near the church’s name. Called the Murder Board, it is a list of every murder in the city dating to 2007. It witnesses to the individuals who make up the statistics of the city’s murder rate while the congregation ministers to the living.After Katrina, according to the Rev. Bill Terry, St. Anna’s rector, the parish got so many offers of help from elsewhere in The Episcopal Church, that the leaders eventually invited representatives of the 12 congregations that seemed the most engaged to come to New Orleans. St. Anna’s Medical Mission grew out of those conversations.The recreational vehicle-based mobile clinic traveled all over the greater New Orleans area offering medical care during a time when there was little other care available. Luigi Mandile, currently the parish administrator, piloted the van in those early days, “driving around ruins and trees and houses and boats.” After a day of listening to people’s experiences of Katrina and its aftermath, Mandile would go home and cry, but those days “strengthened me,” he said.These days the medical mission focuses on residents who don’t have health insurance or who can’t afford their deductibles and co-pays, and those without a routine source of healthcare. The need, while different than that right after Katrina, is crucial.Life expectancy is 20 years less than communities two miles away from the Treme/Seventh Ward/Lafitte neighborhoods in which St. Anna’s sits. There is a high rate of disease and death related to cardiovascular issues, stroke and diabetes, and residents frequently use hospital emergency rooms both for non-emergency issues and for help in managing chronic diseases.But even then, people tend to go to an emergency room only when they are very ill. There is a historic, cultural tendency, not to seek treatment outside the neighborhood that is complicated by lack of knowledge about existing medical resources and a lack of transportation, according to Terry. The city’s traditional charity hospital system has meant that some New Orleanians have never had to enroll in an insurance plan and choose a regular doctor.Those attitudes have to change “and we’re working to change it, but it’s going to take time,” said Diana Meyers, St. Anna’s community wellness director.The parish’s other post-Katrina ministry, Anna’s Arts for Kids, has grown to the point where it has a certified teacher as its leader and volunteer tutors come from Tulane and Loyola universities.“So this isn’t just a bunch of nice people saying ‘let’s read a book together,’” Terry said. “These are professional, educated, motivated people who are filling the gaps” in the education system in that part of town.The program has also fueled another challenging phenomenon.“Here’s my dilemma: we now have 30 children ranging in age from toddler to very early adolescents. Out of the 30 children, half don’t have parents here,” Terry said. “There’s no formula” for how to minister to a group of children aged four to nine years who come without a parent’s consent. Most of their parents are drug addicts or incarcerated, but these children, some of whom have been in the after-school program, show up, often wearing pressed shirts and bow ties.They come, Terry said, because St. Anna’s is “the safe place for them … it’s the place where they get some love. They get comfortable, they’re engaged, they’re spoken to.” They attend Sunday school and they partake of the buffet that is spread after Mass.“Those little guys swarm over it like ants on candy and that upsets some people,” Terry acknowledged. But, the children’s presence is another “post-Katrina phenomena and part of the ministry that we’re doing now. A dozen kids show up at this church, uninvited, to be here and worship here, to be with us, to be safe, to be fed,” he said. And they’re telling other children in the neighborhood that they ought to come, too.St. Anna’s has even bigger plans for its community ministry. In 2010 the parish bought the historic Marsoudet-Dodwell House on Esplanade Avenue two blocks down from the church. Built in 1846, the house that was owned by Eliza Ducros Marsoudet, a Creole woman, was recently included in the 2015 New Orleans’ Nine list of the city’s most endangered sites.The home, which includes slave quarters now called “the Dependency” and partially rented out as an apartment, was filled with junk when St. Anna’s took ownership. It was missing parts of its floors and needed structural stabilizing. However, the interior is filled with historic features such an upstairs room whose walls are made of “barge board,” old-growth timber no doubt cut in the upper Midwest and turned into barges that floated goods to New Orleans. Rather than haul the barges back upriver, they were typically broken apart and used in home building.There is still much work to be done before the parish’s vision of a community center with “a focus on arts and culture that harnesses the youthful energy and talents of the next generation,” according to the website devoted to the project.last_img read more

first_img UK Fundraising’s Howard Lake met up with a number of fundraisers and fundraising suppliers at the International Fundraising Congress in Holland earlier this month and conducted video interviews with several of them.Chris Carnie, Managing Director of international prospect research specialists The Factary, shared details of the company’s latest developments.www.factary.com Tagged with: Consulting & Agencies Prospect research Howard Lake | 28 October 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Interview with Chris Carnie of The Factary About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1last_img read more

first_imgBy Lauren SmithSmith is an independent journalist.On Feb. 11, four American peace activists, known as the Embassy Protectors Collective, will be tried before the U.S. empire for “interfering with certain protective functions” of its federal government for their occupation of the Venezuelan embassy in Washington, D.C., to prevent it from being handed over to coup leaders sponsored by the Trump administration. Banner hangs from Venezuelan Embassy before protectors were evicted May 16, 2019 by U.S. federal agents.Their occupation ended on May 16, 2019, when federal agents broke into the sealed embassy, against international law, and arrested them in a SWAT-style raid. The government’s accusation against them is merely a pretext used for their arrest and prosecution, since they haven’t broken any laws. Matter of fact, their true crime in the minds of the Trump administration is just the opposite — it’s their brilliant defense of international law and Venezuela’s sovereign right to self-determination against Yankee imperialism. Although the Trump administration didn’t want President Maduro to win a second term, 67 percent of Venezuelans did. This stands in stark contrast with President Donald Trump’s own experience, since he lost the popular vote in 2016 to former Senator and Secretary of State Hillary Clinton, a candidate despised by her own Democratic Party base — who only managed to secure her place as a presidential nominee due to the fraud perpetrated by the party’s elite. Even the Republican Party’s use of targeted racist and classist voter suppression and purge techniques could not secure Trump winning numbers at the polls. In the United States of America, as demonstrated by Trump, a loser can win the presidency. Compare this with former President Jimmy Carter’s 2012 declaration that “the election process in Venezuela is the best in the world.” (VenezuelaAnalysis.com, Sept. 21, 2012)Nonetheless, the Trump administration set its heart on Juan Guaidó, a man who was not even a candidate in the 2018 election. Yet, with the superpower’s backing, what would be a farce in any other context still remains a threat  – as Guaidó, left to his own devices, is merely a self-appointed president as well as being a self-appointed leader of a self-appointed assembly.What elevates this trial in our collective consciousness is the fact that these brave activists struck a successful blow against imperialist aggression from inside the belly of the beast — literally from within Washington, D.C.  For 37 days, the Trump administration was powerless against the guile and guts of pediatrician Margaret Flowers; medical anthropologist Adrienne Pine; attorney Kevin Zeese; and activist David Paul as they bravely upheld Article 22 of the 1961 Vienna Convention. The four were aided by a strong coalition of activist groups. In solidarity, 70 members of the various groups, including journalists, took turns staying inside the embassy with them. As conditions worsened, or for personal reasons, they disbursed prior to the raid. However, many remained outside the embassy protesting the siege conditions faced by their comrades inside and delivered food despite facing assault and arrest. Even the veteran civil rights defender, the Rev. Jesse Jackson, personally took part in a food delivery to the Embassy Protectors. Fortunately, unlike the 72-year-old president of Veterans for Peace, Gerry Condon, he was not assaulted by police and arrested in this process. It is this grassroots collective that protected the Venezuelan Embassy from seizure by Trump’s federal agents, local police, and an Astroturf fascist, racist and sexist mob — making their united act of resistance epic and their prosecution a trial of our times. Despite the best efforts of the biased judge who ruled on Dec. 13 against their right to critical information needed for their defense, their acts of bravery cannot be silenced — as activists will ensure their story is told. On Jan. 29, Judge Beryl Howell will hear pretrial arguments concerning a recent motion filed by government lawyers that even more severely restricts what can be discussed during their Feb. 11 trial. If Judge Howell grants the government’s motion, it will leave the Embassy Protectors virtually defenseless. The government wants the prosecution to be limited exclusively to three things: (1) the four were in the embassy, (2) they were given a notice of eviction by the police, and (3) they refused to leave. Essentially, the government wants the jury that decides their fate to be blindfolded. This will ensure the Trump administration’s desired outcome — which is to convict the Embassy Protectors and make them a model for how it intends to deal with challenges to its illegal foreign and domestic policies.The fact that Howell is assigned the case is no accident as she is the chief judge of the U.S. District Court and co-author of the unconstitutional Patriot Act. Under the Patriot Act, protections against unreasonable search and seizure are waived, and incarceration can be indeterminate and without charge. So, it’s no surprise, with her intelligence community background, that Judge Howell referred to the embassy protectors as a “gang,” stated facts in a way that supported their guilt, and made it clear that a trial will result in their conviction.Among the issues the Trump administration is asking to not be discussed in the Embassy Protectors’ trial are the following: That Nicolás Maduro is the democratically elected president of Venezuela. More than 300 election observers for the 2018 election agreed that the election met international standards. Additionally, more than 150 governments around the world recognize him as the President of Venezuela as does the United Nations.  That Juan Guaidó has no legitimacy to represent the Venezuelan government. Also, he is under investigation for his role in the “humanitarian aid” corruption scandal.  That Carlos Vecchio, whose demand that the Embassy Protectors leave the embassy was the basis for their eviction, is not an ambassador from Venezuela but part of Guaidó’s failed coup. Additionally, Vecchio, a former Exxon oil executive, is charged with fraud, embezzlement and money laundering to the tune of U.S. $70 million through CITGO, Venezuela’s U.S.-based subsidiary of the state oil company PDVSA. That they were in the embassy with the permission of the elected government of Venezuela. That they received advice that they were in the embassy legally. That negotiations were ongoing between the U.S. and Venezuela for a mutual protecting power agreement which would have resulted in Switzerland protecting the U.S. embassy in Caracas and Turkey protecting the Venezuelan embassy in D.C. And that the Embassy Protectors had stated that they would leave voluntarily when that agreement was reached. Additionally, the day before the four were arrested, Samuel Moncada, the Venezuelan ambassador to the U.N., held a press conference where he discussed the negotiation for a protecting power agreement and reconfirmed that the Embassy Protectors were in the embassy with Venezuela’s permission. That they were surrounded by a coup mob that was blocking food from coming into the embassy. That the electricity and water were turned off on them. That the Vienna Convention was violated by federal agents, who had no legitimate right to enter the embassy to arrest them.That the Embassy Protectors were acting within their First Amendment rights.The Embassy Protectors face federal charges punishable by up to one year in prison, a $100,000 fine each, and restitution to the government for police time and damages, which is considerable given the duration of their occupation and the absurd amount of armed forces used in the embassy raid — as they remain four unarmed senior and middle-aged peace activists. Since their charges are unjust and anything can happen in prison, especially to dissidents, people of conscience must ensure all charges are dropped. So, let us stand on the right side of history with the Embassy Protectors and show solidarity by attending their trial in Washington, D.C., which begins on Feb. 11, donating to their legal fund (tinyurl.com/v2q8sfx/), and spreading the truth widely of what’s really happening. 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first_img By Gary Truitt – Mar 26, 2020 Home Indiana Agriculture News No Fuel Shortage in Indiana SHARE Facebook Twitter Facebook Twitter No Fuel Shortage in IndianaA continuing series on how Hoosier Ag retailers are coping with the COVID-19 crisis:There is no shortage of fuel or any transportation disruptions according to Matt Smorch, CEO of CountryMark Co-op.“We have fuel, and we have adequate supplies for our co-ops and their customers.”Smorch says the fact that CountryMark produces their own fuel right here in Indiana means they can keep the production moving to meet the demand.“We have a proprietary pipeline that runs from our refinery in Mt. Vernon to Jolietville, just north of Indianapolis, and then on to Peru. So, we have a footprint throughout the state and have adequate supply at all our terminals, and all of our terminals are open for operation.”He added he has not seen a spike in demand for either diesel or gasoline, even with prices for both gas and diesel at very low prices.CountryMark also operates over 100 gas stations around the state. Over 40% are unmanned stations, and Smorch says anyone can purchase fuel at these locations.“Our fuel at our stations, whether they are attended or unattended, can be purchased by the general public.”He said there is a misconception that only co-op members can purchase fuel.“We have all pay at the pump stations, that allows the public to purchase fuel without having to interact with anyone and, thus, keep their social distancing,” said Smorch.He told HAT that CountryMark is taking additional steps to keep pumps clean and sanitized. SHARE Previous articleFSA Makes Changes to Farm Loan, Disaster, Conservation and Safety Net ProgramsNext articleWindow of Opportunity for Rural Broadband Policy Gary Truitt No Fuel Shortage in Indianalast_img read more

first_imgGovernment Local U.S. Marines Killed in Global Effort to Eradicate Terror Remembered at Memorial Dedication STAFF REPORTS Published on Monday, October 6, 2014 | 8:01 pm Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 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. Subscribe Herbeauty12 Female Fashion Trends That Guys Can’t StandHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeauty Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business Newscenter_img Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff As each name of a U.S. Marine killed in the global effort to eradicate terror was recited and a bell was rung, the dog tag was placed on a special memorial at the Pasadena U.S. Marine Reserve Center on Thursday, Oct. 2. Each of the Marines was from the greater Pasadena area.U.S. Marines and reservists, community leaders, members of the center’s Citizen Support Group and others took time to reflect on the sacrifices of the 12 Marines who made the ultimate sacrifice in service to their nation:Cpl Carlos Arellanopandura, RosemeadPFC Eric Ayon, Glendale2nd Lt. James Blecksmith, San MarinoLCpl Donald Cline, Sierra MadreLCpl Sergio Escobar, PasadenaLCpl Mario Gonzalez, Baldwin ParkLCpl Blake Howey, GlendaleLCpl Francis Martinez-Flores, DuarteLCpl Raul Mercado, MonroviaCpl Brian Oliveira, GlendaleLCpl Rogelio Ramirez, PasadenaLCpl Dion Whitley, AltadenaThe ceremony began with an invocation, continued with the reading of the names and the placing of the dog tags on the monument and ended with the lowering of the U.S. flag.“The intent of such a memorial is not to glorify war or even commemorate some great victory of the past. It is meant simply to honor those who have died in service to their country,” said LtCol Donald Wright during the ceremony. “We honor their sacrifice and remind ourselves of the need to be ready to answer our nation’s call. We also remind those who have fallen that we have not forgotten them and that we will not let them down.”The Pasadena U.S. Marine Center is at 2699 Paloma St. at the northwest corner of Paloma Street and Sierra Madre Boulevard.Resting near the flagpole and the entrance to the main building, the memorial can be seen easily through the fence that surrounds the center.The 2nd Battalion, 23rd Marine Regiment, also known as the 2/23, is an infantry reserve unit that provides trained personnel to augment and reinforce active-duty units in times of war, disasters and other situations as national security requires. About 30 active-duty and reserve U.S. Marines are on staff daily at the center.The 2/23 also participates in local civic events and works in cooperation with the city of Pasadena during emergencies and natural disasters.During monthly training drills there are more than 200 U.S. Marines at the center.Pasadena Mayor Bill Bogaard and the Pasadena City Council unanimously voted to adopt the 2/23 on Nov. 25, 2013, formally recognizing the relationship between the city of Pasadena and the Pasadena U.S. Marine Corps Reserve Center, which is on city-owned land.For more information call (626) 398-0295. Community News Top of the News 2 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimeslast_img read more

first_imgEducation Stratford School’s Hour of Code Brings Students Together Article and Photos courtesy of STRATFORD SCHOOL Published on Friday, December 9, 2016 | 11:50 am Business News Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  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 Subscribe Top of the News Community Newscenter_img On Tuesday, Dec. 6 preschoolers at Stratford School in Altadena listened as Middle Schoolers in far-away Sunnyvale helped them learn computer coding fundamentals in a virtual classroom. The activity was part of Hour of Code, a global event put together by Code.org. All 23 Stratford School campuses participated in the world-wide event made possible by video conferencing.The collaboration continued when preschool students at Stratford’s Melrose campus joined middle school students at Stratford’s San Jose Middle School in their virtual classroom collaboration. The two classrooms wrote and animated a story using both plugged and unplugged activities.“As part of our balanced curriculum infused with fine arts and foreign language, we’re teaching our students programming skills starting as young as age three,” said Monisha Gupta, senior director of curriculum and instruction at Stratford School. “We believe it’s important that our students go beyond just being consumers of technology to becoming creators of the technology tools they use every day.”For more information, visit www.stratfordschools.com. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment First Heatwave Expected Next Week 5 recommended0 commentsShareShareTweetSharePin it Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeauty8 Celebrities Who’ve Lost Their FandomsHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeautyBohemian Summer: How To Wear The Boho Trend RightHerbeautyHerbeautylast_img read more

first_img 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. About Author: Seth Welborn Home / Daily Dose / FHFA Issues Update on GSE Guarantee Fees in Daily Dose, Featured, Government, News, REO December 19, 2019 2,739 Views Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac Fannie Mae FHFA Freddie Mac 2019-12-19 Seth Welborn  Print This Post Previous: Wells Fargo Partners with Habitat for Humanity Next: New York’s Battle Against Zombie Homes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago FHFA Issues Update on GSE Guarantee Feescenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Federal Housing Finance Agency (FHFA) has released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing study of the guarantee fees charged by the Enterprises and to submit a report to Congress each year.Guarantee fees are intended to cover the credit risk and other costs that the Enterprises incur when they acquire single-family loans from lenders. These include projected credit losses from borrower defaults over the life of the loans, administrative costs, and a return on capital. The report compares year-over-year 2018 to 2017 and provides data over five years back to 2014.  Significant findings of the report include:For all loan products combined, the average single-family guarantee fee in 2018 increased 2 basis points to 55 basis points.  The upfront portion of the guarantee fee, which is based on the credit risk attributes (e.g., loan purpose, loan-to-value ratio, and credit score), was unchanged at 15 basis points.  The ongoing portion of the guarantee fee, which is based on the product type (fixed-rate or adjustable-rate, and loan term), increased 2 basis points to 40 basis points.The average guarantee fee in 2018 on 30-year fixed-rate loans was unchanged at 56 basis points, while the fee on 15-year fixed-rate loans increased by 1 basis point to 37 basis points.  The fee on adjustable-rate mortgage (ARM) loans fell 4 basis points to 54 basis points.Higher interest rates accompanied by increasing house prices in 2018 led to a smaller share of both rate-term refinances and 15-year loans acquired by the Enterprises.  The larger share of purchase loans and a growing focus on pilot programs for first-time homebuyers and affordable housing led to a slight increase in the share of loans with higher loan-to-value (LTV) ratios and lower credit scores. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more