Home / Daily Dose / The Week Ahead: Bank of America Reports Earnings in Daily Dose, Featured, News Previous: OwnAmerica Attracts 1.8 Million SFR Properties in First Month Next: Mortgage Production Contributes to BOA’s Strong Q3 Earnings Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Bank of America the week ahead 2016-10-16 Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Bank of America the week ahead Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Bank of America Reports Earnings October 16, 2016 1,046 Views Mortgage production was up for Bank of America in Q2 despite a drop in mortgage income during the quarter as well as a substantial overall drop in profits, according to Bank of America’s second quarter 2016 earnings statement.Net income for Bank of America in Q2 was $4.2 billion ($0.36 per share), down from $5.1 billion ($0.43 per share) in the year-ago quarter. The mortgage production portion of the consumer banking segment grew by 8 percent up to $20.6 billion during the second quarter.Mortgage production includes first mortgage and home equity originations; the amount represents unpaid principal balance in the case of loans and the principal amount of the total line of credit in the case of home equity originations.The noninterest income portion of consumer banking dropped over-the-year from $2.71 billion down to $2.58 billion due to lower mortgage banking income, lower service charges, and the impact of certain divestiture, according to the report. The mortgage banking income in particular took a hit in Q2, falling over-the-year from $639 million in Q2 2015 all the way down to $44 million in Q2 2016 (it was $242 million in Q1 2016).Bank of America’s Chief Financial Officer, Paul Donofrio, said there were four items that caused the year-over-year decline in net income for the bank as well as the drop in mortgage banking income.“First, we sold an appraisal business last year, so there was revenue in last year’s second quarter that isn’t in this quarter,” Donofrio said. “Second, we had some servicing sales in the second quarter of last year for a gain that we didn’t have this quarter.”What will Bank of America’s earnings hold for Q3? Find out on Monday, October 17th at 8:30 A.M. EST.Thursday, October 20—Existing-Home Sales for September 2016, NARThe National Association of Realtors (NAR) reported a decline in the pace of existing-home sales for the second consecutive month in August, down to an annual rate of 5.33 million. The industry will see how existing-home sales fared in September when the NAR publishes the September 2016 report on Thursday, October 20.With affordability being a concern in some markets because of price appreciation outpacing wage growth and job gains, on the surface it seems like existing-home sales are down after hitting a post-crisis peak in June.But when compared with historical averages, things don’t look so bad for existing-home sales, according to NAR’s August 2016 EHS Over Ten Years report. The report showed that the total number of homes sold nationwide in August 2016 was higher than the 10-year August average, as was the total number of homes in all four regions.“Comparing August of 2006 to August of 2016 fewer homes were sold in 2016 in the US and all regions, the Northeast enduring the biggest decline of 51.4 percent,” said Michael Hyman of NAR. “The U.S. had a drop of 18.9 percent while the West had the smallest drop in sales at 8.3 percent over the 10-year period.”This week’s scheduleMonday, October 17Bank of America Q3 earnings reportTuesday, October 18Goldman Sachs Q3 earnings reportComerica Q3 earnings reportHousing Market Index for October 2016, National Association of Homebuilders, 10 a.m. ESTWednesday, October 19Morgan Stanley Q3 earnings reportU.S. Bancorp Q3 earnings reportHousing Starts for September 2016, HUD/Census Bureau, 8:30 a.m. ESTThursday, October 20BNY Mellon Q3 earnings reportExisting-Home Sales for September 2016, National Association of Realtors, 10 a.m. ESTFriday, October 21SunTrust Q3 earnings report The Best Markets For Residential Property Investors 2 days ago Print This Post About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago
Inter have an unprecedented opportunity to move five points clear at the top of the table should they be able to find the win.The odds slightly favour Inter, who have played at a consistently high level in Serie A this season. It would be rather absurd to pronounce Juventus as the underdogs for this game, but Inter certainly have the home advantage on their side.With a crowd of well over 50,000 spectators chanting for the Nerazzurri and booing Juventus, both sides will need optimal focus if they are to get anything out of the game.While Inter have had poor outings in the UEFA Champions League, they have been the best Italian team domestically so far this season. Winning six games out of six, they have picked up a maximum of 18 points.Juventus, on the other hand, won five out of six games, thanks to a goalless draw against Fiorentina. On the European front, the Bianconeri top their group followed closely behind by Spanish side Atletico Madrid.So far in this season’s Serie A, Inter have scored 13 goals. They have also been quite strong in possession, holding on to 56% possession on average per game, along with a passing accuracy of 87%. Most notably, the Nerazzuri average 17 shots per game, as well as 17 aerial duels won per game.Juventus, on the other hand, have managed just over 10 aerial duels won per game. While the possession and passing stats are similar for both sides, Juve notably have not had as much luck in the final third. Averaging 16 shots per game, they have scored 11 goals so far in the Serie A this season.The last time Inter beat Juventus in the Serie A, it was September 2016. Ever since, they have played twelve games, with Inter losing seven times, and drawing five.1966 was the last time Inter managed to win their first seven games. 53 years after, the Nerazzurri have a chance of achieving that feat again. They have won six so far, but the Old Lady stands in their way.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram All eyes will be on the San Siro in Milan today when the reigning Serie A champions Juventus look to fend off the challenge of Antonio Conte’s new-look Inter Milan.FC Internazionale are preparing to invite the giants of Turin to San Siro for a clash that could see Juventus overtake the Nerazzurri by one point.The last time Inter faced Champions League disappointment midweek, they went into the weekend and destroyed AC Milan in the derby. Perhaps last Wednesday’s disappointment against Barcelona can have the same effect on the Nerazzurri when they line-up against the champions of the last eight seasons, Juventus.
2 September 2013South Africa’s First National Bank (FNB) has unveiled an innovative automatic teller machine (ATM) capable of delivering full digital banking via retail outlets to remote rural areas beyond the business reach of conventional ATMs.FNB’s Slimline ATM offers a large touch screen with an integrated camera, a card reader for CHIP and PIN enabled cards, and a numeric keypad.Instead of dispensing cash, the Slimline ATM issues a slip that can be cashed at a retailer’s till, crediting the retailer’s account and thus lowering the risk and cost of holding additional cash in the shop.FNB has already installed 960 Slimline ATMs in South Africa, and is extending Slimlines across its African subsidiaries, with installations under way in Namibia, Botswana, Zambia, Swaziland and Tanzania.Aziz Cassim, head of self-service channels at FNB, described the Slimline as “a unique ATM designed specifically for emerging market and lower income needs”, adding: “Slimline also has great potential across all our market segments from personal to business and commercial due to its deep digital banking ability.”Access to an ATM is a critical when enabling greater access to banking. According to the Finscope Consumer Survey of 2012, people in the lowest income groups spend nearly 100% more time accessing an ATM than people in middle and upper income groups. The survey showed that poorer customers took 47 minutes to access an ATM while better-off customers were able to do this in 23 minutes.“Slimlines represent a wonderful, mutually beneficial relationship for the retailer, bank and customer,” Cassim said.“While our now-retired mini-ATMs offered typical kiosk banking or voucher banking, Slimline approximates online banking with PIN and image verification. The new devices offer a rich banking platform to customers in remote locations, and we plan to expand services in coming months.”SAinfo reporter
Share Facebook Twitter Google + LinkedIn Pinterest Not too long ago I was with some friends at a local eatery watching the television intently. The featured sport was curling.I do not claim to know much about the sport of curling, but here’s the gist. Players slide 44-pound, polished stones with flat bottoms on ice toward a target area (sort of like winter shuffle board). Each team has four players and eight stones and they try to get the stones positioned in the highest point categories. The stone is pushed down the ice by a curler and then sweepers vigorously sweep the ice with brooms to influence the path of the stone with hopes of bonking their opponents stones to lower scoring areas and putting theirs in the highest scoring positions.The place I was eating was very small and pretty much everyone present ended up watching curling very intently. I must say it was the most thought I’d ever given to curling, but that may change soon as it is time once again for the Winter Olympics and curling is, of course, among the many events.While curling may not be at the top of my viewing priority list for the 2018 Winter Olympics, I will certainly try to watch some because I really enjoy all things Olympic (even, on occasion, the figure skating, but they show waaaay too much of that in my opinion). I love the snowboarding, ski jumping, speed skating and downhill skiing. I will even be taking note of the uniforms this year being worn by the U.S. athletes in the opening and closing ceremonies because they will be showcasing a uniqueWinter grazing at Imperial Stock Ranch. Photo courtesy of Imperial Stock Ranch.partnership for U.S. agriculture.The Team USA uniforms were made with homegrown materials including wool direct from Imperial Stock Ranch, a 145-year-old family-owned sheep and cattle ranch in Oregon’s high desert. The ranch provided wool used for making the hats, sweaters, and other pieces in the opening and closing ceremony uniforms.As the price of wool declined in recent decades, Imperial Stock Ranch began to seek out ways to add value to its products.“Imperial Stock Ranch has been raising sheep, cattle, grains and hay since 1871. In 1999, we shifted from selling commodity wool and began a value-added business taking the raw wool to product and selling the wool products — one of which was yarn. That effort grew into multiple markets,” said Jeanne Carver, with Imperial Stock Ranch. “About 13 years later, we received a call from Ralph Lauren when they were conducting research for a Made in America program. That call led to a relationship between Ralph Lauren and Imperial Stock Ranch, and ultimately, Imperial Stock Ranch provided the wool yarns for the Opening Ceremony sweater for Team USA at the 2014 Winter Olympics and Paralympics in Sochi, Russia.”That relationship continued leading up to the 2018 Winter Olympics that start this week in PyeongChang, South Korea.“The Imperial Stock Ranch American Merino yarn program is used in the Opening Ceremony sweater and hat, and the Closing Ceremony sweater, hat and mittens for the 2018 Olympic and Paralympic Winter Games in PyeongChang,” Carver said. “We are humble yet proud to make a small contribution to the Team USA Collection.”The high quality end products they sell start with a focus on quality production on the ranch.“We have a long history of sheep and wool production. This is our 147th year. It begins with genetics,Photo courtesy of Imperial Stock Ranch.and our selection characteristics. Our sheep live on native grass lands in a rotational grazing management program, which is a very clean life and requires little to no inputs,” Carver said. “We ensure clean facilities prior to shearing, and then skirt and class the wool at shearing. We do not use paint on the wool and are very preventive with regard to any contamination. Having direct relationships with customers is a strong motivation for all our ranch crew to take extra care in guarding the quality and care of the wool clip.”The wool for the Olympic uniforms was spun into yarn by National Spinning Co., Inc., an employee-owned manufacturer and distributor based in North Carolina. From there the process continues with the help of numerous other U.S. businesses partnering with Ralph Lauren to produce the Olympic apparel designed to keep the athletes warm in the predicted frigid temperatures at the event.Though they would love to, the Carvers will not be making the trip to South Korea to see the wool from their ranch on display. They will be quite busy at home.“We have just begun lambing, and that keeps everyone on task for the month of February,” Carver said. “This is an important time of year in our operation.”Like the food so often taken for granted in this country, it is easy for the amazing process required for clothing (and the agricultural production of the raw materials used to make it) to be under appreciated. It is great to see a unique partnership between agriculture and the fashion industry showcased on an international stage that only comes around every four years. That makes everything about the Winter Olympics a little more exciting, even curling.For more about the process of taking wool from the ranch to a final Ralph Lauren Olympic uniform, check out this well-done video made prior to the 2014 Olympics with Imperial Stock Ranch: https://www.youtube.com/watch?time_continue=121&v=z7BDDj_NBEQ
Another vape smoker nabbed in Lucena Coach Chot Reyes will take with him a very young team that will be the face of Team Philippines in the future.Members of the Gilas Cadet program, a hardy bunch of professional rookies now enjoying the good life, will don the country’s tri-colors in the multination event that the Philippines will try to win for the sixth time.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsRR Pogoy, Jio Jalalon and Matthew Wright will play their second straight international tournament together with amateur stars Kiefer Ravena, Fil-German Christian Standhardinger and Kobe Paras.The trio first played with PBA superstars in the Southeast Asia Basketball Association tournament that Gilas ruled with ease two months ago. LATEST STORIES Guevarra, Aguilar eye PPS tennis repeat in Naga MOST READ Lacson: SEA Games fund put in foundation like ‘Napoles case’ View comments China furious as Trump signs bills in support of Hong Kong Don’t miss out on the latest news and information. LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera The Jones Cup will be the first full event of Paras, the high-leaping son of PBA legend Benjie seen by many as one who could dominate the pro league in the future.“Kiefer, Kobe and Christian will have no problems adjusting to the PBA [brand of play],” Reyes told the Inquirer on Thursday via text message.Gilas will be using the Jones Cup to get the momentum it needs for two more events before playing in the World Cup Qualifying proper starting November.The Filipinos, with import Mike Myers, open up against a club team from Canada at 3 p.m. on Saturday, the first of their nine straight games.They wind up against Iran on July 23—the likely title match.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ The first step to the World Cup in China will be taken Friday when Gilas Pilipinas 5.0 flies out to Chinese Taipei for the 39th edition of the Jones Cup Invitational.ADVERTISEMENT Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Last year, with an import-laden team led by NBA veteran Al Thornton, the Philippines won the Jones Cup via a sweep.Gilas last won the event in 2013, when Reyes became the first Filipino coach to triumph.Reyes will fly to Taipei from the US where he attended to some business matters.Mac Belo, Carl Bryan Cruz, Ed Daquioag, Kevin Ferrer, Fonzo Gotladera, Raymar Jose, Bobby Ray Parks, Von Pessumal, Mike Tolomia and Almond Vosotros are the other members of the team.Sports Related Videospowered by AdSparcRead Next Pagasa: Kammuri now a typhoon, may enter PAR by weekend Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games El Nido residents told to vacate beach homes
Paul Ince believes his Liverpool team should’ve won Premier League titleby Paul Vegas7 days agoSend to a friendShare the loveFormer Liverpool captain Paul Ince believes his team should’ve won the Premier League title.Ince reckons that he could have been a Premier League champion with the Reds if he’d had the current side’s defence alongside him.The former midfielder told the Liverpool Echo: “I felt that we had a very talented team. Jamie Redknapp in midfield, Patrick Berger and (Steve) McManaman, I think we had the most goals in the league in those roles, and then you’ve got Michael upfront, Robbie Fowler, (Karl-Heinz) Riedle, so we had some top, top players.“At the back we never got it right. I look at the Liverpool team now, if we had that back five, we would’ve won title after title after title because the rest of the team was pretty much in order.“That kind of rankles with me a bit, also the fact that I was there two years. I should’ve really had longer.” About the authorPaul VegasShare the loveHave your say
There are some very good quarterbacks returning to college football in 2015. Michigan State’s Connor Cook. TCU’s Trevone Boykin. Mississippi State’s Dak Prescott. USC’s Cody Kessler. And, of course, Ohio State’s three star quarterbacks – J.T. Barrett, Cardale Jones and Braxton Miller. The Buckeyes just aren’t sure who will be their starter, and that’s OK. ESPN is confident enough in Urban Meyer that they’ve tabbed the generic “QB For Ohio State” as one of the country’s top returning signal callers. Pretty hilarious graphic pic.twitter.com/wkwU7f88pp— Andrew Gaug (@AndrewGaug) January 23, 2015You’ve got it pretty good, Ohio State fans. Which quarterback do you want to see behind center for the Buckeyes come fall – Barrett, Jones or Miller?
CHARLOTTESVILLE, VA – OCTOBER 15: Running back James Conner #24 of the Pittsburgh Panthers dives into the end zone during the Panthers’ game against the Virginia Cavaliers at Scott Stadium on October 15, 2016 in Charlottesville, Virginia. (Photo by Chet Strange/Getty Images)…and we’ve got a new viral Internet meme. “Sad Virginia Fan” is taking over Twitter.The context? If you missed it, Notre Dame survived an upset bid by UVA, 34-27, behind a heartbreaking last-minute touchdown pass from DeShone Kizer to Will Fuller. Immediately following the play, ESPN showed a Cavaliers supporter who clearly just had his day ruined. Enjoy:… pic.twitter.com/c45vwTQtqB— Deadspin (@Deadspin) September 12, 2015Sniper in the house. pic.twitter.com/IaN9EmPwRL— Sam Dekker (@dekker) September 12, 2015looks about right pic.twitter.com/JWA4qrlDdc— Erik Malinowski (@erikmal) September 12, 2015ND killed a man pic.twitter.com/4gSwa8aJ97— Barstool Sports (@barstoolsports) September 12, 2015Current mood in Virginia … #NDvsUVA pic.twitter.com/TWzXXao77n— Sports on Earth (@SportsonEarth) September 12, 2015Every Virginia fan right now … pic.twitter.com/LAzCTmAA2m— ESPN (@espn) September 12, 2015Cheer up, you’re now an Internet sensation, Sad Virginia Fan. pic.twitter.com/ZrEDsfdYi8— SportsNation (@SportsNation) September 12, 2015pic.twitter.com/AadmZgeEZw— Timothy Burke (@bubbaprog) September 12, 2015Dead Virginia fan is the best pic.twitter.com/HzNhpEGQM1— Matt T. (@michiganlions) September 12, 2015This sad Virginia fan is just hilarious pic.twitter.com/LlcW1OIJGw— Andrew Jerell Jones (@sluggahjells) September 12, 2015Virginia fan not sure if he’s dead. pic.twitter.com/OnKoZKrE1x— MarcusD (@_MarcusD_) September 12, 2015i’m sorry pic.twitter.com/IeH1MZZdnC— martin rickman (@martinrickman) September 12, 2015Yep, no field-rushing today. Someone get that man a beer – if he’s of age.
zoom UAE-based Tomini Shipping, the shipping subsidiary of Tomini Group, has ordered three 82,000 dwt Kamsarmaxes from the Chinese shipbuilder Taizhou Kouan Shipbuilding.The vessels are scheduled for delivery in the second half of 2019 onwards and follow the company’s order from June for three newbuilding bulk carriers placed with China’s CIC (Jiangsu) shipyard.The 64,000 dwt Ultramaxes ordered at CIC are set for delivery in the first quarter of 2019.This company said that the latest deal underlines its comprehensive fleet renewal strategy.“We decided to move into the Kamsarmax dry bulk sector and take advantage of the historically low asset price levels; we believe that this sector is on its way to a sustainable recovery by 2019/2020,” said Imtiaz Shaikh, Chairman of Tomini Group.The order will take Tomini’s fleet to over 18 vessels.The Chinese shipyard Taizhou Kouan has secured an order for up to two more 82,000 dwt newbuildings from Ukrainian Aquavita International. As informed by Clarksons, one firm order plus option for one more have been agreed. The ship is slated for delivery in 2020.The financial details of the two orders have not been disclosed.