Tags: Online Gambling Email Address Online gambling solutions provider Aspire Global reported a 17.4% rise in revenue in first half of the year, following a record second quarter. Topics: Finance Strong second quarter helps Aspire to H1 revenue growth Online gambling solutions provider Aspire Global reported a 17.4% rise in revenue in first half of the year, following a record second quarter.Revenue in the six months to 30 June amounted to €77.4m (£70.1m/$91.6m), up 17.4% from €66.0m in the corresponding period last year.Aspire’s B2B division generated €53.1m in net gaming revenue – excluding inter-segment revenue – which represented a 32.6% year-on-year increase.The provider put this partially down to the impact of the acquisition of Pariplay, which it purchased in October 2019. As of January this year, Pariplay is reported in a new B2B sub-segment.Pariplay signed content deals with the likes of BetVictor and Caliente.mx, Mexico’s largest sportsbook and gaming operator, in H1, while its games were certified in Switzerland.The division also secured a number of new clients during the first half, with 82 B2B brands and 47 partners operating on its platform by the end of the period.However, in contrast, B2C revenue was down by 9.6% from €27.0m to €24.4m. Aspire looked to enhance its customer-facing activity towards the end of the period with the launch of new sports betting feature KarambaBattle, which offers tournaments covering all major sports.In terms of geographical performance, Aspire saw growth across all regions, with the exception of the Nordics, where revenue was down 34.3% year-on-year to €8.8m.UK and Ireland revenue jumped 52.6% to €14.8m, while revenue for the rest of Europe climbed 20.5% to €49.4m, the largest regional contribution for the period. In addition, rest of world revenue rocketed by 131.6% – though from a low base – from €1.9m to €4.4m in H1.Looking at spending for the half, total operating expenses came in at €62.5m, up 20.0% year-on-year. Distribution expenses were by far the main outgoing for Aspire, with spend here climbing 22.4% to €52.4m due to the consolidation of Pariplay and increased partner royalties.Administrative costs jumped 18.4% to €8.3m, but gaming duties were down from €2.4m in H1 of 2019 to €1.9m this year.This meant Aspire’s earnings before interest, tax, depreciation and amortisation (EBITDA) reached €12.3m, marginally higher than €12.1m in the same period last year. After including €2.7m in depreciation and amortisation costs, this left an operating profit of €9.6m, which was 6.8% lower than in 2019.When accounting for other expenses – including €3.3m in finance spending and €1.2m in interest and foreign exchange costs – this meant profit before tax was €7.6m, down 21.6% year-on-year.Aspire paid €580,000 in income taxes and after also including €479,000 in other losses related to the share in the results of associated companies, this resulted in €6.5m in net profit, down 19.8% on last year.Chief executive Tsachi Maimon (pictured) said he was pleased with the results, pointing out that Aspire had been able to cope well with the disruption caused by the novel coronavirus (Covid-19) pandemic.“The first half year of 2020 has been very special for everyone,” he said. “One of our conclusions from the pandemic is that Aspire Global was able to swiftly adapt to dramatic changes in society.“We were successful in securing business continuity during the pandemic and to continue the execution of the growth strategy, capitalising on our broad igaming offering,” Maimon explained. “Growth through acquisitions is another key part of our strategy and Aspire Global’s strong financial standing gives us the possibility to actively search for operations that can further strengthen our position in the igaming industry.”Looking more closely at the second quarter, revenue was up 33.5% year-on-year to a record €43.7m, with B2B revenue rising 51.7% to €32.6m and B2C revenue 1.2% to €13.4m.Aspire said that overall growth was mainly driven by good business momentum, helped by its broad igaming offering and market knowledge. In Q2, Aspire said its segments also benefitted from players’ increased interest in igaming during the pandemic.Operating costs increased 36.1% to €35.1m, which meant EBITDA amounted to €7.1m, up 16.4% year-on-year and another quarterly record. Depreciation and amortisation spend totalled €1.4m, which left Aspire with €5.7m in operating profit, up 11.8% on last year.After including other expenses, profit before tax stood at €4.8m, which was 6.7% higher than last year. Aspire paid €316,000 in tax and also recorded €292,000 in losses related to the share in the results of associated companies, meaning its net profit reached €4.2m, up 5.0% year-on-year.“Revenues and EBITDA reached all-time high in Q2 2020 and we strengthened our position as the leading igaming supplier,” Maimon said. “The strong development is reflecting a continued good business momentum as well as players’ preferences during the pandemic to choose online entertainment over land-based.”In terms of Aspire’s current performance, its total trading volume for July was €13.1m, around 19.0% higher than the average monthly trading volume in Q3 2019. This, Maimon said, is reason to be positive about is growth prospects for the rest of the year.“We will continue to grow by winning new partners, entering new markets, enhance the offering and look for M&A opportunities,” Maimon said. “Thanks to our competitive offering and good business momentum we are confident in our ability to deliver on our 2021 financial targets and to further strengthen Aspire Global’s position as the powerhouse for igaming operators.“I’m truly excited by Aspire Global’s future prospects.”Image: Aspire Global AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Subscribe to the iGaming newsletter 20th August 2020 | By contenteditor
Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT 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 Rector Hopkinsville, KY Rector Belleville, IL Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Press Release Service Rector Albany, NY Middle East Director of Music Morristown, NJ Featured Events An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Washington, DC Associate Rector Columbus, GA Bishop Diocesan Springfield, IL Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Anglican Communion, Submit a Job Listing Course Director Jerusalem, Israel New Berrigan Book With Episcopal Roots Cascade Books AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Featured Jobs & Calls Cathedral Dean Boise, ID 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 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Curate (Associate & Priest-in-Charge) Traverse City, MI Curate Diocese of Nebraska The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Administration & Finance Atlanta, GA Associate Rector for Family Ministries Anchorage, AK Health & Healthcare, Rector Pittsburgh, PA Priest-in-Charge Lebanon, OH Associate Priest for Pastoral Care New York, NY Rector Collierville, TN Assistant/Associate Priest Scottsdale, AZ Tags Rector Smithfield, NC 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 Tampa, FL [Anglican Communion News Service] The Diocese of Egypt’s Deaf Unit in Cairo, part of the Episcopal/Anglican Province of Alexandria, has continued to serve its community throughout the past year despite setbacks caused by COVID-19. The Deaf Unit’s efforts have been picked up by the Voice of America media organization, which showcased its work in a recent report.The Deaf Unit’s goal is to improve the quality of life for deaf and hard-of-hearing children, youth and families through education, vocational training, community awareness programs and spiritual guidance to give them a chance for employment, financial independence and successful integration into society in Egypt.Read the entire article here. Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Canon for Family Ministry Jackson, MS Priest Associate or Director of Adult Ministries Greenville, SC Rector Knoxville, TN Posted Apr 12, 2021 Assistant/Associate Rector Washington, DC Rector (FT or PT) Indian River, MI Family Ministry Coordinator Baton Rouge, LA Assistant/Associate Rector Morristown, NJ Rector Shreveport, LA Submit an Event Listing Diocese of Egypt’s Deaf Unit continues to provide care despite COVID-19 restrictions Rector Bath, NC Rector Martinsville, VA Missioner for Disaster Resilience Sacramento, CA Rector and Chaplain Eugene, OR Submit a Press Release Youth Minister Lorton, VA Rector/Priest in Charge (PT) Lisbon, ME
2014 Year: Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/589060/maison-des-aires-cabinet-cabinet-architectures Clipboard Area: 260 m² Area: 260 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/589060/maison-des-aires-cabinet-cabinet-architectures Clipboard photographs: Yoan Claveau de LimaPhotographs: Yoan Claveau de LimaText description provided by the architects. The project consists of a complete refurbishment and expansion of a 19th century building, archetype of the houses found in Mediterranean Languedoc, formerly dedicated to habitat and exploitation of agricultural land, vineyard, and olive trees. Our clients wished to make this familial heritage used up to now for short holidays a fully-fledged primary residence.Save this picture!© Yoan Claveau de LimaThe original house shows a soothed character by offering its south facing main facade to a wood of large intermingled oak and pine trees as the mere scenery for domestic life in the place. The scarcity of the apertures and the substantial thickness of the limestone walls break the intense sun of the region, and, vital benefit in the summer, bathe the spaces of darkness and slowness. The project design is intended to strengthen the Mediterranean dimension of the place where one lives inside throughout the day, and where one will now focus on idleness and pleasure. Save this picture!© Yoan Claveau de LimaThe refurbishment.The original building presents a multitude of defaced and inconsistent spaces. This situation is the result of numerous work executed over time without any global guiding principles, especially during the 70’s. Thus, it has been necessary to reconsider and study each space in the context of a new overall plan. The living spaces and the ground floor were given a new circulation logic. An axis crosses uninterruptedly and in a constant light the living room, the dining room and the kitchen, and finally leads to the garden through a new aperture, reachable from the building expansion. All along the construction, this sequence constitutes a cinematic made of sights on the woods. Only the circulation in the northern part is lit by large skylight in the roof. But as soon as are crossed the thresholds of the living spaces, we are rapidly back in the dim light. This deliberate choice is done in particular in the bathrooms.Save this picture!© Yoan Claveau de LimaHexagonal terracotta tiles are preserved and their use is widespread across all circulations of the existing house and the extension. This traditional material is reinterpreted through a contemporary light, thanks to its association with steel plates arranged on the ground, with sandstone stiles, and by standardizing all walls by coating them with a white plaster.Save this picture!© Yoan Claveau de LimaTerracotta and steel, here are the two key materials of the project.Powder-coated steel can be found on the window frames, the handrails and different furniture items that are especially tailored for the project. They represent an actualization of the traditional ironwork craft that exists in the region.Save this picture!© Yoan Claveau de LimaThe building expansion.While the old building used to be completely turned towards the wood, the building expansion offers a new direction, by facing the old village of Castries that we observe now from the top floor, and also from an untapped part of the garden that will host a swimming pool in the future. The construction comes as an addition to the existing building, starting from under the bottom of the slope through a strip made of stone.Save this picture!Floor PlanMeanwhile, this strip constitutes a bedrock for the volume that contains a shed used by the family for her works and entertainment. This volume is smooth and white. It stands out in the landscape of rocks and plants.Save this picture!© Yoan Claveau de LimaSeen from the east, the extension is divided into two separate entities, like two totems traversed by the way to the garden, the staircase and the balcony. Save this picture!Floor PlanThis architecture is made up of a heavy masonry. By its thickness, it is intended to protect from the outside and meet the desire for intimacy in the different areas of the house. Steel and terracotta contrast with this morphology by their delicacy. One finds them in sun protections and trellises above the apertures, participating in the ornamentation work that we must develop in our region. In the inside, the work is shared by concrete and wood.Save this picture!© Yoan Claveau de LimaProject gallerySee allShow lessTiny-House Villages: Safe Havens for the HomelessMiscCall for Submissions: Archonic Magazine #2 “Disassemble”Architecture News Share Photographs 2014 Maison des Aires / Cabinet-Cabinet ArchitecturesSave this projectSaveMaison des Aires / Cabinet-Cabinet Architectures “COPY” “COPY” France Architects: Cabinet-Cabinet Architectures Area Area of this architecture project Year: CopyHouses, Renovation•Montpellier, France Projects Save this picture!© Yoan Claveau de Lima+ 20 Share CopyAbout this officeCabinet-Cabinet ArchitecturesOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationMontpellierHousesRefurbishmentRenovationFrancePublished on January 23, 2015Cite: “Maison des Aires / Cabinet-Cabinet Architectures” 23 Jan 2015. ArchDaily. Accessed 11 Jun 2021.
ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953904/lequatoria-apartments-christophe-rousselle-architecte Clipboard Photographs: Takuji ShimmuraArchitect In Charge:Cristina BrezaeAssistant :Joana KingwellTechnical Studies:EnerciaStructure:Ouest StructureEconomy:LemonnierContractor:Bati armor / Aiguillon ConstructionCity:RennesCountry:FranceMore SpecsLess SpecsSave this picture!© Takuji ShimmuraRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapMetallicsSculptformClick-on Battens in Ivanhoe ApartmentsLouvers / ShuttersRabel Aluminium SystemsElectric Folding Shading System – Rabel 14000WoodTechnowoodPergola SystemsText description provided by the architects. This project was the winner of the competition looking for a response to the programmatic requests with certain rules: Area, typologies, and safeguard of the existing oak located in the center of the plot. During the competition, all the proposals were aligned only with the defined guidelines. The proposal presented by our office was really a contrast of two buildings shaped like “staggered pyramids”.Save this picture!© Takuji ShimmuraSave this picture!© Takuji ShimmuraThere were two clients on this project with different requests in terms of interior finishes and type of housing. One was social housing, so the idea was to propose the same architecture in order not to make a distinction and to focus the design of housing around the central tree while proposing a public crossing in the center of the plot.Save this picture!Ground floor planSave this picture!© Takuji ShimmuraSave this picture!SectionThe concept was to rise as high as possible by offering different volumes on each facade. The rotation of these volumes allows the creation of non-parallel elements and opens up varied outdoor spaces depending on the floors. For every uneven floor, we proposed a metallic gold cladding that allows highlighting this volume, while creating big outdoor spaces (3.2m) through a floating volume which reinforces the atypical volumetry of the building.Save this picture!© Takuji Shimmura On the ground floor, the project builds a continued facade to the street, while higher up the floors some setbacks allow offering the apartments open terraces while strengthening the lightness of the structure with random openings. The rationality of floorplans, which offer a large majority of multi-orientation housing while limiting the number of elevator shafts, really helps saving construction costs and maintenance. The project, very vertical in its design, seems visually horizontal thanks to the work done every two floors including the golden metal cladding, adding the presence of exterior continuity for volumes.Save this picture!© Takuji Shimmura On the ground floor, a commercial space allows offering a local trade in this new residential area. It was decided to create a single level of parking lots, in order to limit additional costs and be able to keep a better quality of the materials. This project allows you to find sunlight even on the north facades thanks to the strong withdrawals of the volumes every second floor.Save this picture!© Takuji ShimmuraProject gallerySee allShow lessSant Daniel House / Sau Taller d’ArquitecturaSelected Projects’Val de Scarpe’ Education Center / Guillaume Ramillien Architecture + Boris Bouchet …Selected ProjectsProject locationAddress:Rennes, FranceLocation to be used only as a reference. It could indicate city/country but not exact address. Share Architects: Christophe Rousselle Architecte Area Area of this architecture project France ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953904/lequatoria-apartments-christophe-rousselle-architecte Clipboard Save this picture!© Takuji Shimmura+ 30Curated by Paula Pintos Share ArchDaily 2019 L’Equatoria Apartments / Christophe Rousselle ArchitecteSave this projectSaveL’Equatoria Apartments / Christophe Rousselle Architecte Apartments Area: 5300 m² Year Completion year of this architecture project CopyApartments•Rennes, France Year: “COPY” L’Equatoria Apartments / Christophe Rousselle Architecte Photographs “COPY” Projects CopyAbout this officeChristophe Rousselle ArchitecteOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRennesOn FacebookFrancePublished on December 23, 2020Cite: “L’Equatoria Apartments / Christophe Rousselle Architecte” 23 Dec 2020. ArchDaily. Accessed 10 Jun 2021.
A third bidder to run the National Lottery has withdrawn. The “Charity Consortium” was reportedly just one person.Read Charities in Lottery mystery by Andrew Mullins at The Independent. Advertisement 13 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. Lottery charity consortium withdraws Howard Lake | 2 March 2000 | News
February 13, 2007 – Updated on January 20, 2016 Editor beaten unconscious amid growing government hostility towards independent press Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent RSF_en Reports Receive email alerts Reporters Without Borders voiced concern today about a physical attack on Jean-Bosco Gasasira, the managing editor of the independent fortnightly Umuvugizi, who was beaten unconscious on 9 February in Kigali. It followed months of verbal hostility from the Rwandan government towards the more outspoken, privately-owned media.“When we condemned the threats being made against Gasasira, the intelligence services accused him of seeking cheap publicity,” the press freedom organisation said. “When we asked the Rwandan government to put an end to the hostility towards the more critical media, it responded that we were misinformed.” Reporters Without Borders added: “Now that an editor has just emerged from a coma caused by a beating, strong measures must be taken as a matter of urgency. This must start with a gesture from President Paul Kagame, who must finally learn to listen to the independent press instead of treating it as an enemy.”Gasasira was attacked and beaten senseless by unidentified assailants late on the afternoon of 9 February and was admitted to King Faisal hospital in a critical condition. He finally recovered consciousness today. After visiting him in hospital, information minister Laurent Nkusi announced that the police were investigating and had arrested a suspect. However, the person detained insists he had no role in the attack and was just one of several people who stopped to help the victim.Gasasira had received repeated telephone threats since last August, while his movements have been monitored by military intelligence agents. “I get calls from private numbers in which I am threatened with being beaten to death,” he told Reporters Without Borders before the attack.He refused to reveal to the authorities information about Bonaventure Bizumuremyi, the editor of the privately-owned weekly Umuco, who went into hiding after he, too, was seriously threatened. The intelligence services responded to the accusations by accusing Umuco and other privately-owned newspapers of seeking “cheap popularity.”Umuvugizi was also criticised by the Rwandan authorities for accusing economy and finance minister James Musoni of favouritism, an accusation that was also made by Umuco and another independent newspaper, the fortnightly Umuseso.Last year was marked by a considerable degree of hostility between the government and a sector of the independent press. It began with a physical attack on Bizumuremyi by four unidentified assailants with the aim for forcing him to stop carrying reports critical of the ruling Rwandan Patriotic Front (FPR).The start of 2007 has seen a further increase in tension. At a news conference on 22 January, President Kagame turned on Umuseso reporter Emmanuel Niyonteze when he asked him about his rapprochement with Ivorian President Laurent Gbagbo. Since then Niyonteze has been receiving anonymous threats.The governmental press has also been displaying hostility towards some news media, especially the US public radio station Voice of America (VOA). During a news conference on 2 February, Franck Ndamage, a journalist with the state-owned weekly Imvaho Nshya, even called for VOA’s closure for alleged bias in favour of the Rwandan opposition.After expelling Sonia Rolley, the correspondent of the French public radio station, Radio France Internationale (RFI), without any explanation in June 2006, the government ordered the closure of RFI’s local FM relay station in November after breaking off diplomatic relations with France. RwandaAfrica to go further News BBC Africa’s “disproportionate and dangerous” dismissal of a journalist Help by sharing this information February 13, 2020 Find out more The 2020 pandemic has challenged press freedom in Africa Follow the news on Rwanda News November 27, 2020 Find out more April 6, 2020 Find out more RwandaAfrica Organisation News
Drugs epidemic threatens to engulf Limerick City Email Facebook Gardaí across Ireland take on viral dance challenge Man and woman arrested after Gardaí seize cash and suspected drugs worth more than €28,000 Previous articleLimerick man jailed for threatening to kill Garda detectiveNext articleIce cream vans used as cover for Limerick drug dealer Staff Reporterhttp://www.limerickpost.ie Youth arrested in connection with alleged assault on female Garda NewsLimerick drug dealers cutting heroin with cattle medicineBy Staff Reporter – November 4, 2016 3044 Linkedin HEROIN and cocaine sold by Limerick drug dealers is mixed with everything from talcum powder to cattle ringworm medicine.Forensic Science Ireland, based at Garda Headquarters, have confirmed the common belief that drug purity levels in Limerick can be less than 20 per cent with the other 80 per cent made up of a host of ingredients.Sign up for the weekly Limerick Post newsletter Sign Up Dublin purity levels are recorded at 28 per cent, which is well below the European average of 35-45 per cent.According to analysis of drugs seized by Gardaí, unscrupulous dealers are bulking or “cutting” cocaine with potent levels of levamisole which is used to kill parasitic worms in animals.Three out of every four cocaine seizures had levamisole present.Heroin found in Limerick had been cut to just 30 per cent but bulk seizures had purity levels of more than 40 per cent, indicating that local gangs are further cutting the drugs before distributing them on the streets.The State laboratory said that white sugars, caffeine, diazepam, paracetamol and creatine were also used in the drug mixes.Earlier this year, Kieran (40) and Brian Collopy (43) were jailed for eight years after they were found cutting, mixing and bagging €37,000 of heroin in mixing bowls and in the bath of a house in St Mary’s Park.The brothers were described as being at the “top end of the drugs pyramid”.Testing has shown that the drugs also contain benzocaine and lignocaine, which are local anaesthetics used in dentistry, as well as caffeine and phenacetin, a painkiller banned in a number of countries due to its cancer causing properties.There have been large quantities of Amphetamine seized in Limerick which have have had purity levels as low as 9.2 per cent. TAGScollopydrug dealersdrugsGardaheroinlimerick RELATED ARTICLESMORE FROM AUTHOR Advertisement Twitter Print WhatsApp Newcastle West Gardaí move Gardaí warn students of rental scams
About Author: Joey Pizzolato Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Print This Post The Federal Open Market Committee (FOMC) released its minutes from its meeting in July on Wednesday, which detailed the Fed’s outlook on the state of all facets of the economy since its meeting in June, when it decided to raise interest rates.In their staff review of the economic situation, the FOMC reported that investment in real estate declined slightly in the second quarter of 2017, even though starts in single-family homes and multifamily homes rose in June. The number of building permits that were issued for both single-family and multifamily homes was also lower in the second quarter than it was in the first. In May as well as June existing home sales decreased; however, new home sales in May were on the rise.The FOMC also reported that Treasury yields for long- and intermediate-term securities showed a slight increase in June, which was attributed to potential declines in the long-term neutral real interest rates in the past few years as well as an accommodative foreign monetary policy. Commercial real estate financing conditions also remained accommodative, although loans slowed.In the residential mortgage market, the Fed observed that the market was hardly changed and new credit continued to flow at a reasonable pace, while at the same time many respondents of the Senior Loan Officer Opinion Survey (SLOOS) reported that standards for most residential loans were not as tight as they have been in the past.Participants of the meeting did unanimously agree that regulatory and supervisory tools that have been developed since the housing crisis have been paramount in helping maintain financial stability, as well as the fact that a continued, slow increase in the federal funds rate was an appropriate solution to maintain their goal of maximum employment and an inflation rate that hovered around 2 percent.You can read the full details of the minutes here. Previous: Household Debt Reaches Record High Next: Homework Pays Off Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago State of the Market Home / Daily Dose / State of the Market in Daily Dose, Featured, Government, Headlines, News Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Federal Open Market Committee Minutes FOMC 2017-08-16 Joey Pizzolato Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Fed Federal Open Market Committee Minutes FOMC Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 16, 2017 1,364 Views