2 cheap FTSE 100 stalwarts that I think are market-crash opportunities

first_img Rupert Hargreaves | Tuesday, 26th May, 2020 | More on: AV LGEN Image source: Getty Images 2 cheap FTSE 100 stalwarts that I think are market-crash opportunities Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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.center_img Rupert Hargreaves 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 Rupert Hargreaves Simply click below to discover how you can take advantage of this. Enter Your Email Address 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. Buying cheap FTSE 100 shares after the recent stock market crash may not sound like a good idea right now. After all, the economy is likely to face continued uncertainty in the short run.However, there may be opportunities for long-term investors to snap up bargains in the market today. With many blue-chip stocks trading on low valuations, they’ve the potential to produce strong returns over the coming years.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…Here are two FTSE 100 dividend champions that appear to offer wide margins of safety right now.FTSE 100 value stock AvivaRecent trading updates from Aviva (LSE: AV) show the FTSE 100 insurance group has been able to continue to operate despite the coronavirus pandemic.While the company thinks it’ll have to pay out £160m of claims related to the pandemic, management is confident the business can afford this expense.With Aviva’s balance sheet relatively healthy, it appears to offer less risk than many of its sector peers. And customers are still turning to the business to provide their insurance needs.During the first quarter of 2020, general insurance sales increased 3%, and life insurance new business increased by 28%.Of course, the value of new business could drop over the next few months as the UK economy struggles with the pandemic’s fallout. However, at current levels, it looks as if investors are already pricing in the worst-case scenario for the company.Shares in the FTSE 100 stalwart are trading at a price-to-book (P/B) value of just 0.6. That suggests the stock offers a wide margin of safety at current levels. As such, the FTSE 100 company could deliver healthy long-term returns.Legal & General GroupAnother FTSE 100 share that appears to have substantial long-term recovery potential is insurance company Legal & General Group (LSE: LGEN).Like FTSE 100 peer Aviva, Legal expects to see a significant financial impact from coronavirus. Furthermore, it anticipates coronavirus will continue to impact on its business prospects for some time.Nevertheless, the company is well capitalised with a strong balance sheet, and it continues to win new business. With these strong fundamentals in place, management has decided to maintain the firm’s dividend policy.Unlike other FTSE 100 stocks, L&G announced a 7% increase in its final dividend for 2019. At a time when many other FTSE 100 income champions are cutting dividends, this is a positive mark for the business. Despite this development, the stock’s decline of 33% since the beginning of 2020 highlights investor sentiment is extremely weak. This could persist in the short run, but it could present long-term investors with an opportunity to buy a high-quality business while the shares offer a wide margin of safety.As well as its capital gains potential, after recent declines, shares in the FTSE 100 group support a dividend yield of nearly 10%. Therefore, it looks as if investors will be paid to wait for the firm’s recovery.last_img read more

Should I buy these UK shares?

first_imgShould I buy these UK shares? UK shares have had a volatile year. The Covid-19 pandemic has destroyed some sectors while bolstering others, and overall many stocks have rebounded from their March lows. However, the future still looks uncertain. It’s difficult to know which UK shares look a good long-term investment. Some, I’ve recently considered include IQE, Panoply and Tesco, Today I look at a few other options.Indivior share price plummetsThe Indivior share price came crashing down today. The company is now worth around £600m; it has a price-to-earnings ratio (P/E) of 6 and earnings per share (EPS) are 13p. Reckitt Benckiser Group (LSE:RB) has submitted a claim against Indivior for over £1bn. The Indivior share price plummeted more than 33% as a result. The two companies de-merged back in 2014, but there was a clause that was never ironed out and now Reckitt wants its dues.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…Indivior is claiming it’s not as serious as it sounds, but investors are sceptical. The company already paid $600m in July to resolve fraud charges related to its opioid medication Suboxone. Prior to that it was caught up in a patent battle with Indian pharma firm Dr Reddy’s Laboratories. I will not be rushing to buy shares in Indivior.Does Reckitt Benckiser look a better buy?The Reckitt Benckiser share price reached a high of more than £80 per share back in 2017, but since then it’s endured an extremely volatile time. Its low point came in March this year when it was trading around £51, but it then made a spectacular recovery and by July was over £80 a share again. Unfortunately, this was short-lived and today Reckitt is trading under £65 per share.The FTSE 100 consumer goods giant sells a lot of popular health and hygiene products. But some believe they will be out of favour once the pandemic is behind us. Positive vaccine sentiment has pushed the Reckitt Benckiser share price back down in recent weeks, but its chairman took this opportunity to buy shares. I think this is a good long-term investment and would be happy to buy.Buying UK shares via an investment trustAnother way to invest in UK shares is to buy shares in an investment trust or fund. Many of the high performing funds and trusts tend to hold US equities and some specialise in specific areas such as renewables, tech, or commodities.One investment trust that contains several UK shares is the Merchants Trust (LSE:MRCH). Considering some UK businesses have struggled through the pandemic, it’s not a complete surprise that the Merchants Trust hasn’t had a great year either. It has a high exposure to stocks in troubled sectors such as aerospace, travel, and leisure.The FTSE All-Share constituent has seen its share price slide 25% year-to-date, with considerable volatility in between. After rising on the wave of positive sentiment brought by vaccine news, its share price is slipping again.The Merchants Trust has a price-to-earnings ratio of 14, earnings per share are 29p and its dividend yield is an impressive 6%. Its estimated net asset value (NAV) is £4.17, which means it’s trading at a 1.5% premium today. Its dividend is attractive, but how well it can recover in the next year remains to be seen. With the pandemic raging on, I’m not yet tempted by these sectors and think there are more attractive investment trusts to put my money in. Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Kirsteen Mackay | Saturday, 28th November, 2020 | More on: MRCH RKT “This Stock Could Be Like Buying Amazon in 1997” Kirsteen 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. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Kirsteen Mackaylast_img read more

Happy St. Patrick’s Day

first_img You have entered an incorrect email address! Please enter your email address here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Florida gas prices jump 12 cents; most expensive since 2014 Share on Facebook Tweet on Twitter Please enter your comment! UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 LEAVE A REPLY Cancel reply TAGSSt. Patrick’s Day Previous articleAPD to Announce Canine Officer’s Name TodayNext articleIsadora Dean announces run for School Board seat Denise Connell RELATED ARTICLESMORE FROM AUTHOR Instead of the leprechauns, green beer, clover and stereotypical images of St. Patrick’s Day, The Apopka Voice decided to transport you to the Emerald Isle with a few authentic photos of Ireland. Don’t worry though, the article is all about St. Patrick’s Day in the United States. It’s called “St. Patrick’s Day by the numbers”.Have a happy St. Patrick’s Day Apopka.St. Patrick’s Day By the Numbers:St. Patrick’ Day is today. A day full of green, Guinness and all things Irish! Here’s a look at St. Patrick’s Day by the numbers.45 pounds: The amount of vegetable-based dye used to turn the Chicago River green for St. Patrick’s Day5 hours: How long the Chicago River’s green dye lasts on St. Patrick’s Day$111,000: The amount of money the Hoboken, New Jersey Police expect to sped in overtime during St. Patrick’s Day due to the city’s famous St. Patrick’s Day celebration.1737: Year of the first St. Patrick’s Day parade, which took place in Boston$4.4 billion: Amount that will be spent on St. Patrick’s Day in 201670%: The increase in cabbage shipments during the week of St. Patrick’s Day13 million: Pints of Guinness that will be consumed worldwide on St. Patrick’s Day4th: St. Patrick’s Day rank among the calendar’s most popular drinking days — behind New Year’s Eve, Christmas and Fourth of July33.1 million: The number of U.S. residents who claim Irish ancestry16: Places in the U.S. named Dublin. Please enter your name here Save my name, email, and website in this browser for the next time I comment.last_img read more

Secretary Perdue Proclaims February 16-22 as Grain Bin Safety Week

first_img SHARE U.S. Secretary of Agriculture Sonny Perdue issued a proclamation naming February 16-22 as Grain Bin Safety Week. Earlier this week, the Secretary sat down with the Governor of South Dakota, Kristi Noem, to talk about the importance of grain bin safety on the farm. Governor Noem grew up on a farm in Hamlin County, South Dakota and has a personal connection to farm safety. She has been an advocate for increased grain bin safety efforts for years.“We hope grain operators, farmers and community leaders will join us in expanding knowledge of safe practices not just during National Grain Bin Safety Week, but year-round,” said Secretary Perdue. “Tragedies like the one Governor Noem’s family experienced happen too frequently and call for greater action, which is why I have signed a proclamation naming February 16-22 Grain Bin Safety Week.”“I’m grateful for Secretary Perdue’s leadership in highlighting this important issue,” said Governor Kristi Noem. “My life changed forever when we lost my dad in a grain bin accident, and while farmers are often in a hurry to get things done, nothing is worth losing a life. This Grain Bin Safety Week, I want to encourage producers to evaluate safety procedures on their farms and ranches. Slow down and be safe – your family will thank you for it.” Secretary Perdue Proclaims February 16-22 as Grain Bin Safety Week Facebook Twitter By USDA Communications – Feb 14, 2020 Facebook Twitter SHARE Home Indiana Agriculture News Secretary Perdue Proclaims February 16-22 as Grain Bin Safety Week Previous articleFarmer Optimism Remains Strong at Louisville Farm Show and When Will it Warm Up on the HAT Friday Morning EditionNext articleHoosier Ag This Week for February 15-The Weekend Show USDA Communicationslast_img read more

Government tries to expel Spanish journalist resident in Panama

first_imgNews Anti-Corruption Day : Journalists on front line of fight against corruption So I think that the government wants to intimidate journalists and I fear that it could be effective.Have you been threatened in the past?I was threatened in Colombia after writing a book about human rights violations in the River Atrato region and after covering the Bojayá massacre in the same region. I had never received threats from the government in Panama until I was told that I was going to be deported. December 9, 2016 Find out more RSF’s calls for release of Dutch journalist jailed in Panama Reporters Without Borders is very concerned about Paco Gómez Nadal, a Spanish journalist who lives in Panama. Since 4 July, Gómez has been under threat of being stripped of his residency and deported because of his defence of Panama’s indigenous peoples.In an interview for Reporters Without Borders, Gómez describes how he learned that he could be expelled and why he thinks the Panamanian authorities are hounding not only him but also the country’s journalists in general. News How did you learn of the ban on your entering Panama?I was about to fly from Panama to Colombia when immigration officers told me during the routine check at the airport that I would not be able to return to Panama if I left, although I have resided here legally for the past six years. Then they held me for four hours, confiscating by passport and the document that says I have a residence permit. The Spanish embassy sent two people to try to sort out the situation. Although the head of the immigration office did not want to talk to them, with the help of media pressure, I was finally able to leave the airport and go home. Help by sharing this information PanamaAmericas Organisation News Canadian TV crew hoping to cover mining dispute fears being denied entry PanamaAmericas How would you describe the current state of free expression in Panama?I would describe the prevailing situation for journalists in Panama as relatively tense. I think that one can even talk of a wave of government harassment of journalists.I would like to point to the Kafkaesque situation of Carlos Nuñez, a 70-year-old journalist who was been tried in absentia for defamation and has been detained for nearly two weeks because of a complaint that was brought against him more than 12 years ago, a complaint that he was completely unaware of. Then there is the case of Mauricio Valenzuela, a photographer working for the newspaper Panamá América, who was arrested for the second time without being given a valid reason, was held for more than six hours and was humiliated by the police officers, who made him take all his clothes off. And then there were the threats in May against Jean Marcel Chéry, the editor of the newspaper El Siglo, threats coming directly from the president’s public information office. RSF_en Receive email alerts What grounds did the immigration officials give for treating you like this?They initially offered tax reasons. But as I was able to demonstration that my tax situation was entirely in order, that there were no problems with my tax payments, they changed their reasons and accused me of violating the labour laws. They said that, since I was no longer full-time with the newspaper for which I was working when I obtaining a permanent residence permit in 2007, I had lost my right of residence. But Panamanian law says that, once foreigners have obtained a residence permit, they are not obliged to keep the same job indefinitely.In the end, the head of the immigration service, María Cristina González Batista, changed the official version and notified me that the ban to which I was subject was a ban on leaving the country. Do you think this ban had anything to do with your activities as a journalist?In view of the many inconsistencies and different versions offered by the immigration service, I think there is no doubt that what is currently happening to me is linked to my journalistic activities. I write a column for a Panamanian newspaper and I am a human rights activist, defending indigenous rights. Since when have you been living and working in Panama?I have been living in Panama for the past six years and I have been working for the newspaper La Prensa for three years. I am currently a correspondent for the newspaper and I write a column every Tuesday. I also work for several foreign newspapers. I am an editorial adviser for the Brazilian dailies Diário do Amazonas and Diário do Pará, the Bolivian newspaper Opinión de Cochabamba and the Venezuelan dailies El Tiempo and El Sol. Sometimes I write articles for the Panamanian magazine Guayacán and the Mexican magazine Gatopardo. What initiatives have you taken to defend your right to stay in Panama?I have requested protection from the Office of the Ombudsman, which is supposed to ensure respect for the rights of Panamanian citizens. I have submitted a pre-emptive habeas corpus petition to the supreme court and I have told the Inter-American Commission on Human Rights and your organisation, Reporters Without Borders, about my situation. July 12, 2010 – Updated on January 20, 2016 Government tries to expel Spanish journalist resident in Panama December 7, 2016 Find out more Follow the news on Panama News to go further January 30, 2012 Find out morelast_img read more

Caltech Biologist Awarded “Genius” Grant

first_img Sarkis Mazmanian Photo by CaltechSarkis K. Mazmanian, a professor of biology at Caltech studying bacteria and their impact on immunity and on the human body, is being awarded a $500,000 “no strings attached” MacArthur grant on October 2. Mazmanian’s findings are revealing links between gut bacteria or microbes and immunity, autism, multiple sclerosis, and other major diseases.Each year, the John D. and Catherine T. MacArthur Foundation awards the unrestricted fellowships – also known as “genius” grants – to individuals who show “exceptional creativity in their work and the prospect for still more in the future,” according to the Foundation’s website. For more information about the MacArthur Foundation, visit www.macfound.org. Your email address will not be published. Required fields are marked * More Cool Stuff Top of the News Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena 0 commentsShareShareTweetSharePin it Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News News Feature Stories Caltech Biologist Awarded “Genius” Grant Published on Monday, October 1, 2012 | 9:32 pm Name (required) Mail (required) (not be published) Website center_img HerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyBet You Didn’t Need Another Reason To Stay Coupled Up This SeasonHerbeautyHerbeautyHerbeauty12 Female Fashion Trends That Guys Can’t StandHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyA Dark Side Of Beauty Salons Not Many People Know AboutHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty 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 First Heatwave Expected Next Week Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newslast_img read more

Disaster Response During a Challenging Summer

first_img Share Save Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago June 17, 2020 1,267 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Mark L. Stockton began both appraising real estate and banking in the late 1960s. As president of a community bank in the mid ‘70s, he designed and developed the nation’s first comprehensive bank software. It would ultimately be used by one out of every three banks in the U.S. With the help of the University of New Mexico economics department and a renowned real estate litigation firm, Stockton developed the country’s first computerized residential valuation system in 1981, which produced automated valuations (AVMs), appraiser assisted valuations, traditional appraisals, and evaluations. An automated tax assessment system was added shortly thereafter. Disaster Response During a Challenging Summer 2020-06-17 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The COVID-19 crisis is expected to continue until at least June 1—probably longer. Congress is contemplating a fourth “stimulus” bill, providing more money to individuals and small businesses (and perhaps others). FEMA is also playing a large role in the battle against the virus.Tornado season typically peaks in June, and hurricane season officially begins June 1. Above-normal activity is expected for both varieties of severe storms in 2020. If these predictions are correct, FEMA’s resources will be stretched beyond its limits.On March 24, the Washington Post published an article by Nick Miroff, who wrote, “Coronavirus could be FEMA’s biggest disaster ever, and it threatens to swamp the agency. The coronavirus pandemic has hit the Federal Emergency Management Agency with the most sprawling, complex crisis it has ever faced, a disaster that isn’t knocking down buildings or flooding streets but threatens to swamp the government with cascading breakdowns and supply shortages, current and former FEMA officials say.“President Trump has placed FEMA in charge of coordinating the federal response to the outbreak, and while U.S. health authorities remain in the lead on the medical front of dealing with the virus, FEMA has been tasked with handling almost everything else.”Rachael Levy, writing for the Wall Street Journal, adds, “The Federal Emergency Management Agency, understaffed and facing the coming spring-flood season along with expected hurricanes and wildfires, is racing to adjust to its new role as coordinator of the federal government’s response to the novel coronavirus, a challenge for an agency more accustomed to dealing with natural disasters.”The New York Times contributed to the conversation, adding, “The Federal Emergency Management Agency, the office leading the federal government’s coronavirus response nationwide, is running short of employees who are trained in some of its most important front-line jobs, according to interviews with current and former officials. With wildfire season looming and hurricane season starting in less than two months, the shortfalls could complicate federal response to disasters nationwide. But even as the virus puts new stress on the agency, it must also remain prepared to handle more typical natural disasters. Federal scientists last month predicted that 23 states would see moderate to major flooding by the end of May. This week, researchers at Colorado State University warned that this year’s hurricane season, which starts June 1, is likely to produce 16 major storms, of which four were likely to become major hurricanes.”Awareness of the IRS casualty loss program will take on new significance with the onset of severe weather in 2020, as disaster victims search desperately for options that will provide them the cash they need to begin rebuilding their homes and their lives. If FEMA is unable to respond as quickly as they have in the past with money and necessary resources, homeowners will not only face frustration, but the beginning of their recovery will be delayed.The IRS casualty loss program allows homeowners whose homes have been damaged or destroyed in federally declared disasters, to file claims for unreimbursed losses and obtain tax deductions. Those deductions can provide much needed cash at a critical time.Awareness of the IRS casualty loss option for qualifying victims has been disturbingly modest. In recent years, fewer than 10% of those who have suffered unreimbursed losses have filed IRS casualty loss claims. This contributes to mortgage delinquencies, foreclosures, and a decline in creditworthiness for significant sectors of the population. In short, it leads to a decline in the financial health of many Americans.Hurricane Florence, which damaged or destroyed 700,000 homes in North and South Carolina in September of 2018, provides good insight into the scope of the problem.Fewer than 10% of South Carolina homes were covered by the National Flood Insurance Program at the time the hurricane made landfall. This storm, like others in recent years, caused damage in areas not normally impacted by hurricanes. Consequently, only 1% of homeowners in inland counties like Florence and Dillon had flood insurance. This is not an isolated example. We know that fewer than 20% of homeowners who suffered damage during recent hurricanes and floods carried flood insurance. We also know that 60% of all homes in America are underinsured.There are many reasons homeowners fail to properly insure their homes against disasters. Cost is a factor, as is lack of understanding about policy coverage. However, it is a fact that the frequency and severity of storms is increasing, and they are affecting properties outside of historical impact areas.There is no single solution designed to make disaster victims whole. Nor should there be. Rather there are a number of options that collectively make it easier for homeowners to survive the economic tsunami following a natural disaster. FEMA manages several government relief programs; lenders and servicers offer help in the form of forbearance and other programs; insurance companies play their central role; local and national organizations step in to provide basic necessities. Despite all of these efforts, few whose homes have been severely damaged escape without some unreimbursed loss.It is not unfair to expect homeowners to share some of the risk in these situations, but when their share becomes so burdensome that they have little choice but to walk away from their homes and their obligations, other solutions need to be instituted or recognized.In this environment, the IRS casualty loss program should be an essential piece of the overall solution, but as mentioned, few homeowners are aware it exists. In fact, few people who rush to the rescue after a disaster are aware of it. Again, the casualty loss program is not meant to be the solution—only a necessary part of a total solution.It is a necessary part because it provides cash; cash that does not have to be repaid. The program is in place; no new regulations are required. It is flexible; victims can file amended tax returns to get cash quickly, or include their claim with the next regular tax filing. It is easy; victims only need to provide the required valuations and estimates of loss in order to file claims. Any solution for disaster victims that does not include filing claims for unreimbursed losses under the IRS casualty loss program is an incomplete solution, and jeopardizes the financial well-being of those who suffer losses. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Illinois Delinquencies Poised to Increase Next: HUD’s Dr. Benjamin Carson Delivers Opportunity Zone Update in Daily Dose, Featured, News, Print Features Demand Propels Home Prices Upward 2 days ago About Author: Mark L. Stockton Home / Daily Dose / Disaster Response During a Challenging Summer Subscribelast_img read more

FHA Proposes Private Flood Insurance for Single-Family Mortgages

first_img Print This Post Related Articles FHA Proposes Private Flood Insurance for Single-Family Mortgages in Daily Dose, Featured, News November 10, 2020 1,075 Views Subscribe Previous: Affordable Housing Impact: Proposed Property Tax Struck Down Next: Missed Payments, Financial Stress Straining Investors & Landlords The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save 2020-11-10 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHA Proposes Private Flood Insurance for Single-Family Mortgages Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Federal Housing Administration (FHA) today published a proposed rule on its website that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA.In September, the White House signed a resolution that included an extension for the NFIP until September 30, 2021.The changes, proposed Tuesday, would allow lenders to begin accepting private flood insurance policies for single-family insured loans for homes located in Federal Emergency Management Agency-designated Special Flood Hazard Areas (SFHAs), consistent with similar provisions in use by other industry participants.“Our proposal would expand the options for obtaining flood insurance, rather than continuing to lock in borrowers to one federal option without any ability to comparison shop,” said Assistant Secretary for Housing and Federal Housing Commissioner Dana Wade. “We are also proposing important safeguards that will help protect borrowers, so their homes will have flood insurance coverage at a level at or above the level available through the National Flood Insurance Program.”The FHA also is seeking public comment on a proposal to institute a compliance aid for private flood insurance policies. According to an FHA press release, this would allow lenders to rely on the compliance aid to determine if a private flood insurance policy meets FHA’s requirements.The FHA said it anticipates between 3-5% of FHA borrowers could obtain a private flood insurance policy for their FHA-insured mortgage if this option becomes available.”This proposal will remove yet another unnecessary regulatory barrier to doing business with FHA and can also reduce costs to the federal government—costs that are ultimately born by the taxpayer,” said Deputy Assistant Secretary for Single Family Housing Joe Gormley. “Allowing participation by private insurers should generate the competition needed to ultimately reduce costs for consumers.”The proposed rule will be published in the Federal Register in the coming days and will allow a 60-day public comment period following such publication. Comments should be submitted to FHA only through the methods specified in the notice to be published in the Federal Register.The FHA added that this is only a proposal; “current flood insurance policies remain unchanged at this time, including the requirement that minimum flood insurance be obtained through the NFIP.”last_img read more

Anger among locals over lack of consultation on proposed road closure

first_img Twitter Community Enhancement Programme open for applications Google+ Facebook WhatsApp Facebook Google+ Anger among locals over lack of consultation on proposed road closure Publicans in Republic watching closely as North reopens further Previous articleQuarantine requirements for international travel to remainNext articleDylan Browne McMonagle claims victory in Navan News Highland Nine til Noon Show – Listen back to Monday’s Programme By News Highland – July 4, 2020 center_img It’s been claimed that a consultation with locals has not taken place over a proposal to close a section of road in west Donegal for nine months.The five mile stretch between Dungloe and the Doochary turnoff is home to a number of businesses and there are major fears over how this plan will affect them if it’s given the green light.The proposal has been made by the contractor which is carrying out the works at present.A public meeting took place last night, where a number of objection letters were signed.Donegal Councillor Michael Cholm MacGiolla Easbuig says if the works go ahead, it will have a massive effect to anyone travelling on the N56:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/07/MicRoadweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews Pinterest WhatsApp Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population grows Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA last_img read more

Rainiers Blank Bees In Rain-Shortened Game

first_imgMay 1, 2019 /Sports News – Local Rainiers Blank Bees In Rain-Shortened Game The series continues tonight in Salt Lake City. Tags: PCL/Salt Lake Bees/Tacoma Rainiers FacebookTwitterLinkedInEmail (Salt Lake City, UT) — The Bees played just six innings yesterday to due rain in a 2-0 loss to the Tacoma Rainiers at Smith’s Ballpark. Robert Lovell Written by The Bees managed just three hits in defeat and Forrest Snow was charged with the loss. last_img