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Kenya Airways Limited (KA.ug) 2009 Annual Report

first_imgKenya Airways Limited (KA.ug) listed on the Uganda Securities Exchange under the Transport sector has released it’s 2009 annual report.For more information about Kenya Airways Limited (KA.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Airways Limited (KA.ug) company page on AfricanFinancials.Document: Kenya Airways Limited (KA.ug)  2009 annual report.Company ProfileKenya Airways Limited is the flag carrier airline of Kenya. It was wholly-owned by the government of Kenya until 1995 when the airline was privatised. Kenya Airways is now a public-private partnership with the largest shareholder being the government of Kenya (48.9%) and the balance owned by KQ Lenders Company 2017 Ltd (38.1%), KLM (7.8%) and private owners (5.2%). Kenya Airways offers domestic and international flights, ground handling services and handles import and export of cargo. Subsidiary companies of Kenya Airways include JamboJet Limited which provides local passenger air transport services, and African Cargo Handling Limited which provides cargo handling services. Kenya Airways Limited is listed on the Uganda Securities Exchangelast_img read more

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The magazine Far Eastern Economic Review banned

first_img BangladeshAsia – Pacific April 5, 2002 – Updated on January 20, 2016 The magazine Far Eastern Economic Review banned News Bangladeshi reporter fatally shot by ruling party activists Bangladeshi writer and blogger dies in detention RSF_en 05.04.2002 : Demonstration in Hong KongOn April 5, dozens of protesters burned copies of the Far Eastern Economic Review in front of the magazine’s Hong Kong premises. Most of the protesters, of Bangladeshi origin, were brandishing placards on which slogans such as “FEER articles are groundless and false” or “Far Eastern Error Reporting” were written. The protesters also presented a protest letter with four hundred signatures to David Plott, the magazine’s Deputy Editor in Chief. The magazine has decided to publish a right to reply from the Bangladeshi government in its April 11 2002 issue. _________________________________________________________________04.04.2002In a letter addressed to the Information Minister Tariqul Islam, Reporters Without Borders (RSF – Reporters sans frontières) protested against the seizure and banning of the latest issue of the weekly Far Eastern Economic Review published in Hong Kong. “After banning the weekly Newsweek in February, your government has again censored an international news magazine. This is not how it is going to improve its image abroad”, said Robert Ménard, RSF general secretary. The organisation urged the minister to do everything in his power to ensure that this issue of the Far Eastern Economic Review was made available on news stands.According to information gathered by RSF, on 3 April 2002 the Bangladeshi government banned the 4 April edition of the Asian magazine Far Eastern Economic Review. The Home Affairs minister announced that copies had been seized and that its “publication, sale, distribution and possession” were banned. According to the authorities, the article by Bertil Lintner entitled “A Cocoon of Terror” was “baseless”. The journalist, based in Thailand, described the upsurge of Islamist groups in Bangladesh, a country with a vast Muslim majority. In particular, he wrote that in Bangladesh there were “radical groups linked to international terrorist organizations”.During a session in parliament, Prime Minister Khaleda Zia denounced those who “were trying, at home and abroad, to tarnish the country’s image by spreading false and malicious information”. The article in the Far Eastern Economic Review was headline news in the country’s main dailies. Some Bangladeshi editorialists confirmed the emergence of an Islamist tendency but also noted certain errors in Bertil Lintner’s report.RSF wishes to point out that the Dhaka authorities banned the February 2002 issue of Newsweek which contained an illustration of the Holy Prophet. In September 2000 it banned an issue of the same magazine for an article on Islam. February 26, 2021 Find out more to go further News Follow the news on Bangladeshcenter_img RSF calls for the release of Bangladeshi journalist Rozina Islam, unfairly accused of espionage Organisation Receive email alerts Help by sharing this information May 19, 2021 Find out more BangladeshAsia – Pacific News News February 22, 2021 Find out morelast_img read more

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PHAMExpo Professional Hair & Makeup Show to Premiere in Pasadena on June 29-30

first_img Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff First Heatwave Expected Next Week Subscribe Community News 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. Business News Herbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyTop 9 Predicted Haircut Trends Of 2020HerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty Thousands of makeup artists, hair stylists, vendors, manufacturers and enthusiasts will descend on the Pasadena Convention Center on June 29th and 30th to discuss, display, discover and learn from internationally famous beauty experts. Completely new this year, PHAMExpo, a two-day hair and makeup show, is poised to take the world of beauty by storm. PHAMExpo promises to be the ultimate place to discover the latest and greatest products, cutting edge technology and up-to-the-minute hair and makeup trends. Highlights include discounted shopping opportunities, seminars by the industry’s top experts, and demonstrations by some of the world’s most talented artists and stylists.PHAMExpo is a great place to learn professional makeup secrets of top artists working in print, fashion, film, TV and theater industries. Talented artists this year include celebrity artist Valenté Frazier (Tyra Banks, Heidi Klum), Emmy winning artist Kevin James Bennett and Lime Crime’s Doe Deere. These artists as well as world-famous hair stylists will be teaching classes and demonstrating techniques and styles throughout the weekend on three separate stages.The show’s sponsors, Obsessive Compulsive Cosmetics (OCC), Lime Crime, Royal & Langnickel Brush Company and Naimies Beauty Center, will all have a major presence at the show.Throughout the weekend, makeup companies will unveil new products and tools and offer discounts on must-haves. Cutting edge make up companies will be well represented by Addiction NV Cosmetics, Eye Kandy, Sugarpill, Violent Lips, Yaby, Saucebox and Pursebuzz, as well as industry pioneers and popular favorites Stila Cosmetics, MAC Pro, INGLOT and Eve Pearl.Providing inspirational demonstrations and information for those wishing to explore a career as a professional makeup artist, will be representatives from April Love Pro Makeup Academy, Empire Makeup Academy and Ruby Makeup Academy.PHAMExpo will be held Saturday, June 29 from 8:30 am-5 pm and Sunday, June 30 from 10 am-5 pm at the Pasadena Convention Center located at 300 Green Street, Pasadena, CA. Tickets are priced from $35- 65. More details on speakers, educators, vendors and special events are at www.phamexpo.com or on Facebook @PHAMExpo. Top of the News center_img Beauty PHAMExpo Professional Hair & Makeup Show to Premiere in Pasadena on June 29-30 From STAFF REPORTS Published on Wednesday, April 24, 2013 | 12:53 pm faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment 13 recommended0 commentsShareShareTweetSharePin it Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy last_img read more

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Students Get Hands-On Experience in Politics in Running and Winning Forum

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS More Cool Stuff Community News 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. Top of the News HerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty9 Of The Best Metabolism-Boosting Foods For Weight LossHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Name (required)  Mail (required) (not be published)  Website  2 recommended0 commentsShareShareTweetSharePin it Education Students Get Hands-On Experience in Politics in Running and Winning Forum On April 16, 2014 From STAFF REPORTS Published on Monday, April 7, 2014 | 11:28 am Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center_img Business News Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Politics as usual will be under scrutiny by more than 50 juniors and seniors from all high schools in the Pasadena Unified School District when they meet with elected officials at the U.S. Court of Appeals in Pasadena April 16 at a Running and Winning Forum from 9:00 a.m. to 2:30 p.m.Sponsored by the League of Women Voters Pasadena Area in cooperation with the Pasadena Unified School District, Running and Winning engages students in the political process, beginning with personal interactions with elected officials in small group discussions. They will focus on the why and how of running for political office and consider their own potential for political leadership. Students then will break into teams to prepare and deliver campaign speeches based on selected issues in a mock election campaign.At the end of the day, students will leave with certificates, photos of themselves with the elected officials and a greater sense of political connection and empowerment.“Research shows that civic education, especially when it is interactive and involves discussion of current issues, develops skills young Americans need to succeed in the 21st century workforce,” says Dr. Carolyn Ellner, chair of the Education Committee of the League, which is organizing the event with help from school district staff. “Students will see elected officials as real people and consider their own potential for political leadership.”Participating elected officials include PUSD School Board Members Tyron Hampton, Elizabeth Pomeroy, Kim Kenne and former board member Susan Kane. Others include Judge Mary Thornton House, Pasadena City Council Members Jacque Robinson and Terry Tornek, and Altadena Town Council Member Sandra Thomas. Jeanette Mann, Pasadena City College Trustee, and former State Assemblyman Anthony Portantino will participate.“With our nation’s increasingly diverse population, schools are challenged to educate students of all backgrounds in the fundamentals of democracy,” Ellner says. “Running and Winning enables them to translate elements of their civic education into real life experiences and creates a greater sense of political connection.”The League of Women Voters is a non-partisan organization that encourages informed and active participation of citizens in government. To this end, Leagues in Camden, NJ, and Tucson, AZ, initiated the Running and Winning program, which has spread to Leagues across the country. A video produced by LWV-LA about Running and Winning in the Los Angeles Unified School District is available at http://www.youtube.com/watchv=bxMaxSYRgc4&feature=youtube_gdata_playerFurther information is available by calling Ellner at the League office: (626) 798-0965. First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Subscribelast_img read more

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Olympic League Football: Maranatha Meets Whittier Christian in Olympic League Contest; Minutemen Need to Bounce Back Friday at Whittier College

first_imgSports Olympic League Football: Maranatha Meets Whittier Christian in Olympic League Contest; Minutemen Need to Bounce Back Friday at Whittier College By BRIAN REED-BAIOTTO, Sports Editor Published on Wednesday, October 12, 2016 | 7:08 pm Make a comment HerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty9 Of The Best Metabolism-Boosting Foods For Weight LossHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyDo You Feel Like Hollywood Celebrities All Look A Bit Similar?HerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS First Heatwave Expected Next Week Community News Maranatha has had an up-and-down season, with much of it due to injuries and a lack of depth in its roster.After starting with a tie and two losses, the Minutemen won two consecutive games.But last Friday’s 35-3 setback at the hands of Village Christian make Friday a near must-win if Maranatha wants to qualify for the CIF-Southern Section playoffs.Maranatha (2-3-1, 0-1) could take a big step towards a possible postseason berth with a win over Whittier Christian (4-3, 0-1) on Friday at Whittier College.As always, Kwon Peterson, the Minutemen quarterback will have as big an impact as anyone on Friday.When given time, Peterson is a competent passer and he’s always been lethal with his legs.This could be the highest scoring game of the year for Maranatha if Whittier Christian’s recent history is any indication.Whittier Christian has allowed 70 and 65 points in its last two games, and in both losses, the Heralds have scored 49 points.Olympic League Standings:Village Christian (5-1 overall, 1-0 in league)Heritage Christian (5-2, 1-0)Valley Christian (4-2, 0-0)Whittier Christian (4-3, 0-1)Maranatha (2-3-1, 0-1) 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 Showtimescenter_img Business News Community News 0 commentsShareShareTweetSharePin it 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. Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Name (required)  Mail (required) (not be published)  Website last_img read more

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UWM Holdings Corporation Announces UWM’s Record Fourth Quarter and Full Year 2020 Results; $1.37…

first_img 6 Q4 2020 Government Total equity Twitter 320,300 108,723 148,858 $ Refinance: $ $ 54,678,923 $ 620,186 1,756,864 3.05 6,654,094 Comparable net income 0.61 $ 0.49 WhatsApp Weighted average interest rate $ $ $ 11,493,476 Unpaid principal balance Twitter 406,000 731,353 (3) Non-GAAP metric – see discussion below. Total Refinance % Total Originations Cash and cash equivalents 107,767,172 1,159,283 $ Comparable net income(3) $ (1) Non-GAAP metric – please see discussion below. UWM equity WhatsApp By Digital AIM Web Support – February 3, 2021 Senior note bond TAGS  31,908,320 YTD 2019 108,723 YTD 2019 YTD 2020 (2) Represents total loan production income divided by total production. $ 12,411,318 33,717,939 $ Conventional 57,953,024 583,299 7,916,515 — $ 2,374,280 Production and Income Statement Highlights (dollars in thousands) % 0.49 43,116,040 33,091,673 2 Source: Inside Mortgage Finance – Direct Funded First-Lien Mortgage Origination Data, Copyright 2020 Q4 2020 Facebook 30,000 12,096,784 Q4 2019 $ 72,589,639 $ — $ 3 54,678,923 20,345,251 1,223,837 $ 789,323 31,908,320 Product and Investor Mix – Unpaid Principal Balance (dollars in thousands) Purchase: 1,371,791 Mortgage servicing rights, net Q4 2019 4,934,711 $ $ 18,921,473 Total Purchase 1.10 3 Source: Inside Mortgage Finance – Top Wholesale Broker Channels Data, Copyright 2020 Q4 2020 $ (369,866 — $ Finance leases $ Government 139,626,529 $ Impact of estimated effective tax rate of 27%center_img 2,425,666 119,807,647 Jumbo $ $ 3,570,532 42,921,112 $ YTD 2020 $ PONTIAC, Mich.–(BUSINESS WIRE)–Feb 3, 2021– UWM Holdings Corporation ( NYSE: UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced UWM’s results for the fourth quarter and full year ended December 31, 2020. UWM reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021. Mat Ishbia, President and CEO of UWM said: “The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any measure. We are very proud of what we accomplished in 2020 but have shifted our focus to 2021 and beyond. By going public and accessing the debt markets, we now have the capital and liquidity to not only invest in technology and service as we have always done, but also the ability to take advantage of higher profit opportunities when available or otherwise returning excess cash to our stockholders. Independent mortgage brokers are the best place for a consumer to get a loan, and as we progress through 2021, our 100% focus on the wholesale channel remains steadfast. We will continue to work with the growing number of independent mortgage brokers to provide the fastest, easiest and most cost effective way to get a mortgage, helping even more families achieve their dream of home ownership.” Fourth Quarter and Full Year 2020 Financial HighlightsRecord originations of $54.7 billion in loan volume, a 71% increase from the 4Q19 $31.9 billion loan volume, bringing UWM’s full year 2020 production to $182.5 billion, which is 69% higher than UWM’s prior record production for 2019 of $107.8 billion.Total gain margin of 305 bps in 4Q20 compared to 110 bps in 4Q19.Reported fourth quarter net income of $1.37 billion, as compared to $148.9 million for 4Q19.Increased UWM’s equity to $2.37 billion at December 31, 2020 as compared to $661.3 million at December 31, 2019.Closed private senior notes offering of $800 million, ending 4Q20 with non-funding debt to equity ratio of 0.49 (non-GAAP metric – see discussion below).Increased the unpaid principal balance of mortgage servicing rights from $72.6 billion at Q419 to $188.3 billion at Q420. 3.98% Line of credit, net 406,000 Comparable net income $ $ 1,371,791 Q4 2020 $ Net Income Q4 2019 15,518,218 Equipment note payable 13,151,943 Non-funding debt and non-funding debt to equity 661 $ 663,074 1,001,925 (40,135 3,457,882 Pinterest $ ) $ $ Q4 2019 $ 11,563,069 661,323 (1) Key operational metric – see discussion below. Q4 2019 $ 376,000 $ $ 133,283 182,547,641 0.61 Operational HighlightsUWM maintained an average application to clear to close time (“Days to Close”) of approximately 18 days in Q420, while management’s estimate of the industry average grew to approximately 52 days 1, 10 days higher than the nine month average of 42 days 1 as of September 2020. For the month of December, UWM Days to Close was approximately 16 days, while management’s estimate of the industry average grew to approximately 54 days. 1Our commitment to high credit quality is evidenced by a weighted average FICO of 760 for the loans closed in the fourth quarter 2020 and 757 for the full year 2020. The credit quality of UWM originations is reflected in the MSR 60+ delinquency and forbearance rates which are well below industry averages.UWM’s highly successful Conquest program launch grew even further in the fourth quarter with the addition of the FHA product, joining previously released Conquest programs for Conventional and VA products. With this announcement, UWM is extending access to these very low interest rates to a larger consumer base. Conquest program loans represented 87.6% of total production in 4Q20.Increased the number of team members from 4,907 at December 31, 2019 to 7,475 at December 31, 2020 with plans to continue growing throughout 2021.Enhanced the Pontiac campus by completing a walking bridge to tie our approximately 600,000 square foot “North Campus” to our more recently added “South Campus” which is located in a 900,000 square foot building owned by a UWM affiliate. During fourth quarter 2020, an affiliate of UWM also purchased a neighboring facility of approximately 378,000 square feet.Commenced plans to restart jumbo offerings which are expected to go live in March 2021 and will also materially increase purchase volume during the remainder of 2021. The wholesale channel, UWM’s sole focus, continues to be viewed as the growth channel of the residential mortgage industry, represented 17.2% of the total mortgage market for the nine months ended September 30, 2020, which is the most recent data point available 2. Likewise, UWM continued its dominant position in the wholesale channel, growing its market share to 34.3% for the nine months ended September 30, 2020, which is the most recent data point available 3. Technology UpdateLaunched UWM InTouch, a mobile app that provides the ability for Independent Mortgage Brokers to navigate everything from Underwriting until the loan is Cleared to Close from anywhere they have their phone. Including, document upload, e-sign capabilities, push notifications and more.Launched Blink+, an enhancement to the online mortgage application launched in 2016, which includes the ability to automatically pull credit, e-sign docs and co-browse screens with borrowers, Blink+ is a Point of Sale (POS), Loan Origination System (LOS) and Customer Relationship Manager (CRM) all-in-one package that UWM makes available as one of its many partnership initiatives to Independent Mortgage Brokers. Local NewsBusiness Q4 2020 UWM’s purchase volume for 4Q2020 increased to $12.1 billion, as compared to $11.6 billion in 4Q19. For FY20, purchase volume decreased to $42.9 billion, as compared to $49.8 billion in total purchase volume in FY19, primarily due to a strategic reduction in the jumbo and government purchase business.UWM originated $42.6 billion in refinance volume during 4Q20, as compared to $20.3 billion in 4Q19. UWM originated $139.6 billion in refinance volume in FY20 and $57.9 billion in FY19. UWM’s 2020 production mix was comprised of 76% refinance and 24% purchase.UWM’s primary focus is originating conventional loans. In 2020, conventional loans represented 84% of total production. First Quarter 2021 Outlook We expect the following ranges compared to the year-earlier period:Closed loan volume between $52 billion and $57 billion, which would represent an increase of 22.6% and 34.4% as compared to $42.4 billion in the first quarter of 2020.Total gain margin of 200-235 bps, which would be an increase of 110.5%-142.1% compared to 95 bps in the first quarter of 2020. Earnings Conference Call Details As previously announced, UWMC will hold a conference call for financial analysts and investors on Thursday, February 4 at 10 AM ET to review the results and answer questions. The call in numbers are:Conference ID 6596094Participant Toll-Free Dial-In Number: (833) 794-1164Participant International Dial-In Number: (236) 714-2757Conference Call name: UWM Holdings Corporation 4Q 2020 Earnings Call Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Audio, webcast, taped replay and transcript will be available on the UWM investor relations website at https://investors.uwm.com/. Key Operational Metrics “Closed loan volume” and “Total gain margin” are key operational metrics that UWM management uses to evaluate the performance of the business. “Closed loan volume” is the aggregate principal of the residential mortgage loans originated by UWM during a period. “Total gain margin” represents total loan production income divided by total production. Non-GAAP Metrics As UWM is a pass-through entity, Net income does not reflect income tax that would otherwise be payable by UWM with respect to its income if it were a C Corporation. Therefore, for comparison purposes, UWM provides “Comparable net income”, which is our net income adjusted for a 27% estimated effective tax rate. “Comparable net income” is a Non-GAAP Metric. Commencing with first quarter 2021 results, UWMC will be reporting Net income at the UWMC level on an after-tax basis, along with Net Income attributable to UWMC shareholders and Net Income Attributable to the Non-Controlling Interest in UWM. In addition, we disclose “Non-funding debt” and the “Non-funding debt to equity ratio” as a Non-GAAP metric. We define “Non-funding debt” as UWM’s total of operating lines of credit, senior notes, equipment note payable, and finance leases as reported on our balance sheet, and the “Non-funding debt to equity ratio” as Non-funding debt divided by UWM’s total equity. Management believes that these Non-GAAP metrics provide useful information to investors. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. The following table presents these non-GAAP financial measures along with their most directly comparable financial measure calculated in accordance with GAAP (dollars in thousands): Jumbo Forward Looking Statements This press release contains and the earnings call will contain forward-looking statements. These forward-looking statements are generally identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” and similar words indicating that these reflect our views with respect to future events. These forward-looking statements include (1) the impact of the going public and accessing the debt markets on our ability to invest in technology and services as well as other higher profit opportunities or the ability to return cash to our stockholders, (2) impact of the Conquest program and our restart of jumbo offerings on our future financial and operational results, and (3) our expectations for 2021 financial and operational results. These statements are based on our management’s current expectations, but are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document, including (i) UWM’s dependence on macroeconomic and U.S. residential real estate market conditions, including changes in U.S. monetary policies that affect interest rates; (ii) UWM’s reliance on its warehouse facilities; the risk of a decrease in the value of the collateral underlying certain of its facilities causing an unanticipated margin call; (iii) UWM’s ability to sell loans in the secondary market; (iv) UWM’s dependence on the government sponsored entities such as Fannie Mae and Freddie Mac; (v) changes in the GSEs’, FHA, USDA and VA guidelines or GSE and Ginnie Mae guarantees; (vi) UWM’s dependence on Independent Mortgage Advisors to originate mortgage loans; (vii) the risk that an increase in the value of the MBS UWM sells in forward markets to hedge its pipeline may result in an unanticipated margin call; (viii) UWM’s inability to continue to grow, or to effectively manage the growth of, its loan origination volume; (ix) UWM’s ability to continue to attract and retain its Independent Mortgage Advisor relationships; (x) UWM’s ability to implement technological innovation; (xi) UWM’s ability to continue to comply with the complex state and federal laws regulations or practices applicable to mortgage loan origination and servicing in general; and (xii) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission including those under “Risk Factors” therein. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. About UWM Holdings Corporation and United Wholesale Mortgage Headquartered in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent of United Wholesale Mortgage (“UWM”). UWM is the #1 wholesale lender in the nation six years in a row, providing state-of-the-art technology and unrivaled client service. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. UWM is known for its highly efficient, accurate and expeditious lending support. UWM’s exceptional teamwork and focus on technology result in the delivery of innovative mortgage solutions that drive the company’s ongoing growth in market share and its leadership position as the foremost advocate for independent mortgage brokers. For more information, visit www.uwm.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005942/en/ CONTACT: For inquiries regarding UWM, please contact: INVESTOR CONTACT MATT ROSLIN [email protected] MEDIA CONTACT NICOLE YELLAND [email protected] KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES FINANCE SOURCE: UWM Holdings Corporation Copyright Business Wire 2021. PUB: 02/03/2021 04:29 PM/DISC: 02/03/2021 04:29 PM http://www.businesswire.com/news/home/20210203005942/en 23,132 $ 10,638,926 Mortgage Servicing Rights (dollars in thousands) Mortgage loans at fair value $ UWM Holdings Corporation Announces UWM’s Record Fourth Quarter and Full Year 2020 Results; $1.37 Billion 4Q20 Net Income and Declares First Regular Quarterly Dividend of $0.10 per share $ 4,163,959 5,446,310 Q4 2020 Non-funding debt (1) $ Non-funding debt to equity (1) 49,814,148 188,268,883 $ 7,485,001 148,858 1,457,197 3.13% $ 1,159,283 897,409 Weighted average age (months) Q4 2020 Q4 2019 $ 26,528 Total assets Pinterest 42,582,139 Net income Total non-funding debt ) 661,323 37,647,428 Q4 2020 Balance Sheet Highlights (dollars in thousands) $ $ 1,001,925 Closed loan volume(1) Total gain margin(1)(2) Non-funding debt to equity 8,619,874 1 Internal company data and Ellie Mae Origination Insight Report (the “Ellie Mae Report”). The Ellie Mae Report reflects application to close, as such for comparative purposes, management has reduced the average by an estimate of 4 days. Conventional 2,374,280 Facebook $ $ $ Previous articleFamily: Keyontae Johnson’s collapse unrelated to COVID-19Next articleKKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends Digital AIM Web Supportlast_img read more

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State will indemnify makers of Covid-19 vaccines

first_imgA Covid-19 vaccine from Pfizer – BioNTech has been approved by the Medicines and Healthcare products Regulatory Agency for use in the UK.Meanwhile, it’s been confirmed the State will assume liability for any claims resulting from COVID-19 vaccinations, after companies producing vaccines were indemnified under the advanced purchase contracts signed with the European Commission.The Department of Health has stressed that no vaccine will be rolled out in Ireland without European Medicines Agency authorisation and ongoing monitoring of its success. WhatsApp By News Highland – December 2, 2020 Google+ Google+ Arranmore progress and potential flagged as population grows State will indemnify makers of Covid-19 vaccines Nine til Noon Show – Listen back to Monday’s Programme Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Pinterest Facebookcenter_img Pinterest WhatsApp Facebook Twitter Homepage BannerNews Important message for people attending LUH’s INR clinic Previous articleNW Strategic Growth Partnership to meet todayNext articleFocus needed on East Donegal tourism – McGowan News Highland Twitter RELATED ARTICLESMORE FROM AUTHOR DL Debate – 24/05/21 last_img read more

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Three Dallas officers cleared of charges after handcuffed man’s death

first_imgrustythedog/iStock(DALLAS) — Prosecutors dismissed charges against three Dallas officers indicted in the 2016 death of a handcuffed man who died after calling police for help.Dallas County District Attorney John Creuzot dismissed charges against officers Danny Vasquez, Kevin Mansell and Dustin Dillard on Monday following a lengthy investigation into the in-custody death of Anthony Timpa, who died shortly after he was arrested for what police described as erratic behavior. “The Grand Jury had concluded the officers engaged in reckless conduct that placed Mr. Timpa in imminent danger of serious bodily injury,” the District Attorney’s Office said in a statement Monday, announcing the dismissal.The officers in 2017 were indicted on misdemeanor charges of deadly conduct and accused of restraining the unarmed man in a way that contributed to his death.Timpa, 32, dialed 911 from the parking lot of an adult video store in Dallas on the night of Aug. 10, 2016, saying he was afraid and in need of help.He had been restrained by two private security guards by the time officers arrived on the scene and placed him in handcuffs. The officers said Timpa was combative and aggressive.Timpa died at a hospital less than an hour later.In December 2017, a grand jury concluded the officers acted recklessly during the arrest, but Creuzot said testimony from three medical examiners disputed those findings.“Today’s decision to dismiss the charges was made following a lengthy investigation and determination as to the official cause of death of Mr. Timpa on August 10, 2016,” the DA’s statement added. “Mr. Creuzot met with family members and their attorney last Thursday to inform them of the decision.”“Dallas County Criminal District Attorney John Creuzot met with all three medical examiners regarding their findings. They stated they do not believe the officers acted recklessly,” the statement continued.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

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Japan Receives Biggest Warship Since WWII

first_img Authorities Japan Receives Biggest Warship Since WWII Back to overview,Home naval-today Japan Receives Biggest Warship Since WWII View post tag: Naval View post tag: asia The biggest Japanese warship since the WWII was delivered to Japan’s Maritime Self Defense Force.The vessel, named Izumo, represents the latest move in Japan’s expansion of naval capabilities.Reuters quoted Gen Nakatani, Japan’s Minister of Defense, as saying that “the vessel can serve in a wide range of roles including peace keeping operations, international disaster relief and aid.” He added that Izumo, a helicopter carrier, improves the country’s anti-submarine capability.With a length of 248m, width of 38.0m and a crew of about 520 sailors, the vessel can reach the maximum speed of about 30 knots.The vessel handover ceremony was conducted at Japan United Marine shipyard in Yokohama.Izumo will be based at Yokosuka, Japan.[mappress mapid=”15500″]Naval Today Staff, Image: JMUC View post tag: News by topic March 25, 2015center_img View post tag: JMUC View post tag: Izumo View post tag: Navy View post tag: Warship View post tag: Japan Share this articlelast_img read more

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Adjunct-Criminal Justice/CSCC Police Academy

first_imgRequisition ID: req3071Job Title: Adjunct-Criminal Justice/CSCC PoliceAcademyDepartment: Justice/Safety/Legal StudiesLocation: Columbus CampusEmployment Type: Adjunct/Non-Credit InstructorEmployment Status: Adjunct/Non-Credit InstructorBargaining Unit: Non-Bargaining UnitFLSA Status: ExemptCompensation Type: ContractCompensation: $52.88 per contact hourSchedule: Mon – Fri; Evenings and Weekends as needed.Job Description:The CollegeCommunity colleges are uniquely positioned to respond to workforceneeds and make higher education an affordable reality. There hasnever been a better time to join a two-year college, and there’s nobetter place to do it than at Columbus State. A laser focus onstudent success and a partnership mindset have established ColumbusState as a key talent provider in a thriving regional economy, anda premier community college that is changing the nation’s educationand workforce landscapes.With more than 46,000 students across two campuses, at severalregional learning centers, and online, Columbus State is thenation’s only institution recognized as an Achieving the Dream(ATD) college, an AACC Guided Pathways institution, and aparticipant in The Right Signals Initiative through the LuminaFoundation. Columbus State employees at all levels benefit from anengaging, collaborative, and supportive culture that rewardsinnovation and vision.We provide competitive compensation, comprehensive benefits, andprofessional development opportunities. We are dedicated toensuring that the diversity of Columbus State faculty and staffreflects that of our students and region. We are proud to be acentral part of a community that embraces differences andcelebrates the many cultures, beliefs, and lifestyles that defineCentral Ohio.The CityColumbus, Ohio is also home to The Ohio State University and morethan 30 other colleges and universities as well as the headquartersof multiple Fortune 500 companies. Columbus is one of America’sfastest-growing cities, offering a wealth of cultural experiences,dining, entertainment, shopping opportunities, and more. That’s whyCentral Ohio residents find living here so fulfilling, bothprofessionally and personally.To perform this job successfully, an individual must be able toperform the essential job functions satisfactorily. Reasonableaccommodations may be made to enable individuals with disabilitiesto perform the essential job functions described in this positiondescription.Since every duty associated with this position may not be describedherein, employees may be required to perform duties notspecifically spelled out in the job description, but which may bereasonably considered to be incidental in the performing of theirduties just as though they were actually written out in thisposition description.Position SummaryThe Adjunct – Criminal Justice/CSCC Police Academy positionprovides quality instruction and maintains a positive learningenvironment in the classroom, with major emphasis placed onteaching, supporting and evaluating students. The Adjunct roleprovides instruction and monitors teaching/learning effectivenessin courses assigned by the Department Chair, or other leadershipmembers. The incumbent must exhibit strong organizational skillsand the ability to multitask while engaging large groups of peoplewith complicated material.Core Competencies RequiredProfessionalism, Managing Work, Continuous Improvement,Customer/Student/Employee Focus, Collaboration, Quality Focus,Communication, Guiding Interactions, Positive Approach, Planningand OrganizingESSENTIAL JOB FUNCTIONSInstruction and Student LearningTeaches assigned courses as scheduled and assumes primaryresponsibility for and exercises oversight of the curriculum inconjunction with the Department’s policies, ensuring both the rigorof programs and the quality of instruction.Considers individual differences of students in order to design andsupport a range of appropriate learning activities.Participates in the identification of students with academic orother needs and responds by utilizing an appropriate resource. Usestechnology in a manner appropriate to the nature and objectives ofcourses and programs and communicates clearly to students theexpectations concerning the use of such technology.Keeps accurate and appropriate records in accordance withdepartmental policies.Maintains attendance records, determines and submits grades timelyand in accordance with established policies and procedures of theCollege, and communicates progress feedback as well as otherrelevant information to students throughout the semester.Distributes and maintain accurate syllabi that incorporatesdepartmental, college, cross-college, and instructor requirements.Conducts classes punctually and in accordance with the prescribedmeeting schedule.Employs appropriate assessment techniques to measure students’performance in achieving course goals and objectives. Engages inperiodic meetings with the department, Lead Instructor, andChairperson relative to teaching duties and professionaldevelopment. Teaches a variety of criminal justice topics relatedto the Police Academy Program.Student Engagement and AdvisementCreates a positive classroom atmosphere that encourages active andcollaborative learning, student effort, academic challenge, studentand faculty interaction, and support for learners. Maintains postedoffice hours in accordance with departmental and policies of theCollege. Uses technology to assist in communication with students.Encourages a sense of community among students for learning bothinside and outside the classroom.Advises potential or current students within the discipline aboutthe program, career, or transfer options available to assist withdegree completion. Refers students to appropriate student andacademic support services available at the College or in thecommunity.Other Duties and ResponsibilitiesAttend all department meetings and required trainings. Regular,predictable, and punctual attendance is required.Usual Physical RequirementsWhile performing duties of this job, the employee regularlyexhibits digital dexterity when entering information into computer.The employee regularly sits, stands and walks for extended periodsof time.Employee converses verbally with others in person and by telephone.Employee occasionally reaches with hands or arms, climbs orbalances and stoops, kneels, crouches or crawls. Employeeoccasionally lifts or exerts force of up to 10 pounds.Working ConditionsTypical office and classroom environment. Regular exposure tomoderate noise typical to business offices.Knowledge, Skills and Abilities: Knowledge of: onlineinstruction techniques and methods; Microsoft Office; Blackboard;internet research; online communication and record-keeping. Skillin: providing quality instruction; learning technologies and theuse multi-media technology to enhance student learning;instructional planning and presentation; incorporating criticalthinking, effective communication and other general educationoutcomes in course content; effective time management; proficiencywith online communication record-keeping. Ability to: effectivelycommunicate and use interpersonal skills; create engaging learningenvironments that respect a wide variety of viewpoints; besensitive to the needs and concerns of a diverse studentpopulation, socio-economic, cultural and ethnic backgrounds andstudents with disabilities; work independently without ongoingdirect supervision; meet deadlines; perform student learningoutcomes; maintain confidential and sensitive information,including FERPA.Minimum Qualifications: High School Diploma or GED. CurrentOhio Peace Officer Training Academy BAS Unit Instructorcertificate. State Motor Vehicle Operator’s License or demonstrableability to gain access to work site(s).last_img read more

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