FDJ acquires payment solutions provider Bimedia

first_img French gaming operator La Française des Jeux (FDJ) has agreed a deal to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners.The deal, which gives Bimedia an enterprise value of under €50m (£42.8m/$55.1m), will be financed using the lottery giant’s cash reserves.The business was founded in France in 2002, and has since established itself as a key provider of payments, money transfer and advertising solutions to retailers throughout the country.Its point-of-sale collection and payment software solutions are currently used in more than 6,400 outlets across France, of which 90% are tobacconists and newsagents.FDJ said that the acquisition would allow it to accelerate the development of its payment and services business, a key element of its 2025 growth plan. A key element of this plan, announced in July this year, is to enhance the range of value-added products and services it can offer its retail network, alongside a commitment to growing its international B2B arm, FDJ Gaming Solutions.This has already seen FDJ acquire betting technology and trading specialist Sporting Group, comprising the Sporting Solutions B2B business and B2C spread betting operating Sporting Index, for an undisclosed sum.Announcement of the deal follows the completion of FDJ’s initial public offering last week, which saw the French state reduce its stake in the business to 27.85%. This may be reduced further, should investors snap up an additional tranche of shares made available as part of an over-allotment option.The state could generate up to €1.89bn through the offering. Lottery Regions: Europe Western Europe France Subscribe to the iGaming newsletter 26th November 2019 | By contenteditor French gaming operator La Française des Jeux (FDJ) has agreed a deal to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners. Topics: Lottery Sports betting Strategy Tech & innovation FDJ acquires payment solutions provider Bimedia Tags: OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Danish regulator issues warning over illegal bingo games

first_img Tags: Online Gambling Topics: Casino & games Legal & compliance Bingo The Danish Gambling Authority (Spillemyndigheden) has warned consumers to ensure they are gambling with licensed operators after noting a rise in unlicensed bingo games being offered either online or in physical venues. Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Danish regulator issues warning over illegal bingo games Email Address 1st May 2020 | By contenteditor Regions: Europe Nordics Denmark The Danish Gambling Authority (Spillemyndigheden) has warned consumers to ensure they are gambling with licensed operators after noting a rise in unlicensed bingo games being offered both online or in physical venues.Over the past month, the regulator said private games were being organised via the internet, or as drive-in bingo, where the participants sit in their cars to play.Spillemyndigheden said that these events were generally being held because the organisers were unable to hold otherwise planned events, due to social distancing measures imposed as a result of novel coronavirus (Covid-19), or because they wished to create a sense of unity amid the crisis. However, many had failed to secure approval from the regulator for the games.“We certainly understand that at this particular time, there is a great desire to unite people through enjoyable entertainment such as bingo games, which is a game that can easily be adapted to the current requirements to keep distance,” Spillemyndigheden director Morten Niels Jakobsen said.“However, when holding bingo games where a deposit is required in order to participate and you can win a prize, it is covered by the Act on Gambling’s licence requirements. In such cases, this means that it is illegal to offer online and drive-in bingo without a licence from Spillemyndigheden.”While special rules apply to associations and organisations that hold charitable lottery or bingo games, with the money consumers pay to take part going to charitable purposes, organisers must secure a licence from Spillemyndigheden before they can be offered.Linda Lomborg, head of responsible gambling and charitable lotteries at Spillemyndigheden, said if consumers are concerned about a bingo game, they can contact the regulator to see if the operator holds the relevant licence.“Our employees are ready to guide the organisers to ensure that bingo and lotteries comply with the existing rules,” Lomborg said.The warning comes after it was revealed this week that Danish courts blocked access to 16 illegal gambling websites following requests from Spillemyndigheden.A District Court ruled in favour of the regulator in March after it requested action be taken to block 17 unlicensed gambling sites. One of these 17 sites pulled out of the market before the court’s decision was announced.last_img read more

Wapic Insurance PLC (WAPIC.ng) Q32016 Interim Report

first_imgCoronation Insurance Plc (WAPIC.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2016 interim results for the third quarter.For more information about Coronation Insurance Plc (WAPIC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Coronation Insurance Plc (WAPIC.ng) company page on AfricanFinancials.Document: Coronation Insurance Plc (WAPIC.ng)  2016 interim results for the third quarter.Company ProfileCoronation Insurance Plc is an insurance company in Nigeria licensed to underwrite all classes of life and non-life insurance for the personal, groups, commercial and industrial sectors. The company has operations in Nigeria and Ghana. General and personal insurance products cover motor, life, investment, yacht, marine and home insurance. Corporate insurance products cover general property insurance, automotive, marine, aviation, all risk, fire and special perils, goods-in-transit and guarantee and liability insurance for the oil and gas, hotel and restaurant, professional firms and associations, manufacturing, education, energy, telecommunication, financial services, trading, religious bodies, contractors, travel agent, real estate and transport sectors. Public sector clients include government ministries and departments, parastatals and agencies. Wapic Insurance Plc was founded in 1958. Its company head office is in Lagos, Nigeria. Coronation Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Teens who feel down may benefit from picking others up

first_imgShare on Facebook Tweet on Twitter The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here Please enter your name here LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your comment! Save my name, email, and website in this browser for the next time I comment. TAGStheconversation.com Previous articleOrlando Mayor Buddy Dyer endorses Gwen Graham for GovernorNext articleSenator John McCain dies at 81 Denise Connell RELATED ARTICLESMORE FROM AUTHOR By Hannah L. Schacter, Postdoctoral Research Fellow in Psychology, University of Southern California – Dornsife College of Letters, Arts, and Sciences and first published on theconversation.com.Think about the last time you helped someone out. Maybe you sent a supportive text to a stressed-out friend or gave directions to a lost stranger.How did it make you feel?If you said good, happy, or maybe even “warm and fuzzy,” you’re not alone. Research shows that helping others offers a number of important psychological and health benefits.In daily life, people report better mood on days that they assist a stranger or offer an empathetic ear to a friend. Adults who volunteer, spend money on others and support their spouses also experience improved well-being and reduced risk of death.Helping others is beneficial in part because it promotes social closeness and feelings of personal competence.As a researcher who studies adolescent development, I decided to investigate how all this might play out in teenagers. I’m interested in studying teens’ prosocial behavior – things like helping, comforting and sharing – in the context of their close relationships. Given that adolescence is a time of heightened emotional intensity, do teens reap mood benefits from helping out others in everyday life?Teens and depressionLooking back on your own high school years, you might recall feeling intensely anxious about looking cool in front of classmates or being liked by your crush. During adolescence, youth become increasingly preoccupied with the opinions of their peers, including their friends and romantic partners. Indeed, adolescence is a time when experiences of social exclusion or rejection can sting particularly badly.The teenage years can be a hard time for some adolescents. Paul De Los Reyes, CC BYThe teenage years are also a high-risk time for developing depressive symptoms. Almost 1 in every 11 adolescents and young adults in the U.S. experience a major depressive episode. And, even youth with depressive symptoms who don’t meet criteria for an official diagnosis of depression are at risk for adjustment problems, such as loneliness and romantic relationship difficulties.Depressed adolescents, in addition to feeling hopeless and lacking self-esteem, often respond to social stress with intensified negative emotions. For example, adolescents with major depressive disorder take peer rejection harder than do their healthy peers.If depressed adolescents feel especially bad after negative social encounters, might they feel especially good after positive social encounters? Psychologists know that in general adolescents’ concerns about social approval can make positive interpersonal interactions – like offering a peer support or assistance – all the more rewarding. I wanted to see if that held even for teens who were feeling down.Did you help someone today?In our recent study, my colleagues and I examined teenagers’ prosocial behavior in their everyday interactions with friends and romantic partners. Our goal was to understand whether giving help is particularly mood-enhancing for youth with depressive symptoms.We recruited 99 late adolescents from the community around us in Los Angeles. Most of them were high school students or recent high school graduates. First we assessed their depressive symptoms in the lab so we could find out how they’d been feeling the prior couple weeks.Then we asked them to complete 10 consecutive days of short surveys at home. Each of the 10 days, participants told us whether they helped out their friends or romantic partners – things like doing them a favor, or making them feel important. They also reported their own mood.On days that teens helped their friends or dating partners, they experienced increased positive mood. Even if their mood wasn’t great the day before or if they themselves didn’t receive any social support that day, helping someone else was still related to a boost in their spirits.But does helping help some teens more than others? The positive effects of day-to-day prosocial behavior on mood that we saw were strongest for teens with higher levels of depressive symptoms. So youth with elevated emotional distress reaped the greatest mood benefits from lending their peers a helping hand.While we often talk about the importance of receiving social support when we’re feeling down, these findings highlight the unique value of providing support to others.Teens felt better when they supported a friend. Justin Groep/Unsplash, CC BYHelping others helps yourselfThis study provides a glimpse into the potential benefits of help-giving for teens, particularly those experiencing depressive symptoms. Our finding builds upon previous research demonstrating that prosocial behavior is most rewarding for people experiencing social anxiety, neuroticism, and body dissatisfaction.Although we did not test for underlying mechanisms for why this might be, it’s possible that providing help can make individuals feel appreciated by others or promote their sense of purpose and self-esteem. For youth with high levels of social-emotional distress, opportunities to strengthen social connections and feel competent within close relationships might be especially important for improving mood.Many studies linking prosocial behavior to mood, ours included, are correlational — we cannot conclude that helping friends or romantic others causes more positive mood. Experimental studies that randomly assign some participants to engage in acts of kindness and others to engage in non-helping social activities will help rule out the possibility that it’s actually positive mood that drives subsequent prosocial behavior.It’s also important to keep in mind that very few of our participants were clinically depressed. Research still needs to determine whether prosocial behavior is similarly linked to positive mood among adolescents with a diagnosed depressive disorder. An interesting question is whether some depressed youth experience emotional “burnout” from very frequent help-giving.Although the word “adolescence” may conjure up images of reckless teens experiencing interpersonal conflict and emotional turmoil, the adolescent years are a time of great social opportunity and growth. Understanding when, how and why teens behave prosocially – and for whom help-giving most promotes well-being – can contribute to our understanding of adolescent social development.last_img read more

Is it Safe to Use Roundup?

first_imgHome Commentary Is it Safe to Use Roundup? Is it Safe to Use Roundup? Facebook Twitter SHARE By Gary Truitt – Mar 29, 2015 As for farmers ready to head to the fields to plant a new crop, should they be worried about using glyphosate? Could they be sued or caught in a class action suit? Todd Janzen, ag law expert for Hoosier Ag Today, says no, “Nothing has changed with respect to EPA approval of glyphosate. All we have is one organization classifying it as something that ‘probably’ is carcinogenic.” SHARE Second, consider the fact that the ARC study is just one study compared to a much larger body of work that has drawn a different conclusion. “Scientific experts who have considered the body of relevant research do not agree with a categorization of glyphosate as carcinogenic for a very simple reason – it’s clearly not. There is nothing in the data to support such claims, and nothing in the deep reservoir of real world experience with glyphosate, to justify such a move,” said   L. Val Giddings, with the Information Technology and Innovation Foundation. He also points out that the ARC study does not present any new research, but bases its conclusion on previously released research. Whether you believe the new study or not, keep in mind that, to date, the vast amount of science is on the side of glyphosate safety. First, glyphosate has undergone testing and scientific study for more than 30 years. The U.S. government has declared the chemical safe for use on crops and in agricultural production. The standards used by the government are as follows: “The U.S. EPA develops strict limits (or tolerances) for residues at 100 to 1,000 times lower than levels are at which health impacts might occur. These tolerance levels are considered safe based on average daily food intake by adults and children.” Those  opposed to biotechnology or the use of almost any agricultural chemical say these standards are not safe.  “It is the amount of exposure to a chemical that determines the potential for harm, not simply its presence or absence,” said Carl Winter, PhD, UC Davis. Levels 1,000 times lower than needed seems reasonable to both scientists and regulators. In addition, no credible evidence of health problems have been documented over the past 3 decades. Previous articleSunday OutlookNext articleAnnual Indiana Soy Contest a Real Success Story Gary Truitt Should farmers stop using glyphosate? The Organic Consumer Association says yes.  In a statement released just moments after the ARC results were made public, they said, “The OCA calls on the U.S. EPA to do its job: Ban glyphosate now.” I do find it interesting that the same groups that say 30 years of testing on GMO food is not enough to prove their safety are calling for a ban on glyphosate based on one report.  By Gary Truitt Glyphosate, the active ingredient in Roundup made headlines last week when the International Agency for Research on Cancer (IARC), an arm of the World Health Organization, departed from the scientific consensus to declare glyphosate to be a class 2A “probable human carcinogen.” With the speed of the internet and the reach of social media, the spin began on both sides. Consumers wondered if it was safe to eat food on which glyphosate had been used, and farmers worried about being sued if they kept using the product. Historical perspective, science, and common sense were left in the dust as the rhetoric spun out of control. So setting aside the posturing, here are a few things to consider as you make up your mind on this issue. Facebook Twitter So, as you sort through the mountains of media coverage and the megabites of comments on social media, keep this in mind: As of today, glyphosate is safe to use on crops, and food from those crops poses no risk to your health.last_img read more

Murder attempt against pro-Chávez journalist in Portuguesa state

first_img January 13, 2021 Find out more Coronavirus “information heroes” – journalism that saves lives VenezuelaAmericas RSF_en August 25, 2020 Find out more June 15, 2020 Find out more January 15, 2009 – Updated on January 20, 2016 Murder attempt against pro-Chávez journalist in Portuguesa state News Help by sharing this information News New wave of censorship targeting critical media outletscenter_img to go further News VenezuelaAmericas Receive email alerts Organisation Two journalists murdered just days apart in Venezuela Follow the news on Venezuela Reporters Without Borders today condemned a murder attempt against Rafael Finol, political correspondent on the privately-owned daily El Regional in Acarigua, Portuguesa state, central-western Venezuela. The 62-year-old journalist was leaving his office on the evening of 13 January when two people travelling in a Tucson-type truck opened fire on him and then took flight, witnesses said. A nine-millimetre bullet grazed the journalist’s head, leaving him with only slight injuries.The motive for the attack is as yet unclear but Finol himself, who quickly recovered after hospital treatment, said he was convinced that it was for political reasons. “I knew this would happen after the recent interview I had with President Chávez”, he said. “It was the work of the extreme-right who want to kill me”, he told colleagues.Finol, who is an avowed supporter of the President, also said that he had recently been active in the Palestinian cause. Members of the local press, who spoke to Reporters Without Borders, were unable to confirm whether the journalist or the newspaper had previously had any threats. Rafael Finol and his family are now under protection. “First of all we are relieved that Rafael Finol has recovered and we hope he can quickly get back to work”, the worldwide press freedom organisation said. “An investigation should now swiftly establish if the attack was linked to his work, since theft can already be ruled out. An attack of this kind should also mean that security should be provided at the offices of El Regional”, it added. Newslast_img read more

Abundant Life Covenant Church: Mother’s Day Outreach

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Faith & Youth Abundant Life Covenant Church: Mother’s Day Outreach From PASTOR CAMILLE WOODEN Published on Thursday, March 22, 2012 | 2:19 pm More Cool Stuff Top of the News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  Business News First Heatwave Expected Next Week Community Newscenter_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Make a comment 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. HerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeautyTiger Woods Is ‘Different Man’ 10 Years After ScandalHerbeautyHerbeauty 8 recommended0 commentsShareShareTweetSharePin it This year the church is gathering to assemble and donate Mother’s Day baskets to 8 women of the Elizabeth House, a Pasadena-based pregnancy shelter for women. Kits will be assembled on Friday, May 6, 2012 at the DIVA fellowship and delivered on Monday, May 9, 2012. Please bring any toiletries and bath and body products to the church to assemble into baskets.Elizabeth House is located at 760 Santa Barbara Street Pasadena with telephone no. at (626) 577-4434. For more information about Elizabeth House, visit www.elizabethhouse.net.For more information contact Brenda Mainer at [email protected] Life Covenant Bible Church, 2033 E. Washington Boulevard, Pasadena, (626) 789-7716 or www.abundantlifecbc.com. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked *last_img read more

Pasadena-Based Ethnic Business Receives Inc. Magazine Honor

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Business News Name (required)  Mail (required) (not be published)  Website  Subscribe First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News center_img 0 commentsShareShareTweetSharePin it HerbeautyAt 9 Years Old, This Young Girl Dazzled The World Of FashionHerbeautyHerbeautyHerbeautyPretty Or Not: 5 Things You Didn’t Know About BeautyHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty 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. A Pasadena communications group hailed as “one of the fastest growing companies in America” has earned its place on a list of elite businesses recognized for exponential growth.For the second year in a row, Imprenta Communications has been honored by Inc. Magazine, the premier publication for business owners and entrepreneurs for more than three decades, according to a statement released by the company to the media. Imprenta is an ethnic marketing, public affairs and campaign firm.In 2015, Imprenta garnered $19.4 million in revenue, while in 2014, it reported $19.1 million, making it a company that saw a 1,000 percent growth over the past three years.“Imprenta is extremely proud to receive this recognition,” said Ronald W. Wong, President and CEO of the Imprenta Communications Group. “We are happy to be able to contribute to the success of our clients. Furthermore, this recognition is a testament to our unique business model – which celebrates diversity, and communicates and engages people in ways which truly understands and respects their culture and language.”Found in 2001, Imprenta is a certified Minority Business Enterprise, and is 100 percent owned and operated by minorities, according to the statement. The company is unique in that it aims to bring together two of the fast-growing minority groups in the United States: Latinos and Asian Pacific American communities. According to the Imprenta’s website, their mission is to empower communities of color by giving them a voice and communicating to them in ways that respect their diversity and cultures.“Imprenta fully embraces the rich diversity that makes United States the greatest country in the world,” Wong Said. “The Inc. Magazine recognition validates our commitment to diversity and engaging communities of color. We’ve shown again that we can achieve results and build a successful business which serves people of color, by people of color.” Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Business News Pasadena-Based Ethnic Business Receives Inc. Magazine Honor From STAFF REPORTS Published on Tuesday, August 30, 2016 | 5:55 pm More Cool Stufflast_img read more

SMWT to perform in concert

first_img Pinterest Twitter By admin – March 7, 2018 SMWT to perform in concert WhatsApp Pinterest WhatsApp Singing Men of West Texas – March ConcertSinging Men of West Texas are scheduled to perform in concert from 7 p.m. to 8:30 p.m. Thursday at Crestview Baptist Church. 3300 Thomas Ave., Midland.SMWT is comprised primarily of ministers of music, pastors, other church or associational staff members, and laymen actively involved in the music ministry of their churches. SMWT is one of six satellite choirs of the Singing Men of Texas affiliated with Texas Baptists through the BGCT. The SMWT sing an average of eight concerts a year throughout West Texas from Lubbock to Abilene to San Angelo to Monahans and all places in between.The event is free and open to the public. Facebook Local News Twitter Facebook Previous articleCowboys coach Garrett speaks at fundraiser for Bynum SchoolNext articleMan charged with copper wire theft adminlast_img read more

Housing Market Growth Looks Strong

first_img July 23, 2018 1,847 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Housing Market Growth Looks Strong Share 1Save Related Articles Tagged with: Freddie Mac Home Home Sales HOUSING Inventory loans mortgage origination Supply Sign up for DS News Daily Freddie Mac Home Home Sales HOUSING Inventory loans mortgage origination Supply 2018-07-23 Radhika Ojha  Print This Post The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Scott Morgan Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Housing Market Growth Looks Strong Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Week Ahead: Spotlight on Disaster Preparedness Next: The Cost of Rental Scams Conditions in the country’s low-supply market could slightly improve by the end of the year according to Freddie Mac’s July Forecast released on Monday. The forecast projects new home construction will alleviate some of the current supply shortage, which in turn will increase sales 2.5 percent. That would bring the total to 6.27 million units, counting new and existing homes.Meanwhile, Freddie also expects home prices to grow 6.7 percent.“In most of the country, the healthy U.S. economy and robust labor market fueled considerable interest in buying a home during the busy spring buying season,” the report indicated. At the same time, strengthening demand did not create a boost in sales activity. Listings, the report stated, were scant, while home price growth remained swift and higher mortgage rates squeezed the budget of many would-be buyers.“Home sales have mostly moved sideways for much of the year, but given the sizable demand for buying in most markets, there’s hope for a small breakout in the months ahead,” said Sam Khater Freddie Mac’s chief economist. “Mortgage rates have stabilized in recent months, and in some high-cost markets, price appreciation is showing some signs of easing. If new and existing housing supply can increase meaningfully, sales will follow.”Elsewhere in the report, Freddie found July’s mortgage rates had fallen off as an offshoot of declining long-term Treasury yields. The effect has been behind ongoing investor anxiety surrounding the potential of a long-term global trade war. The 30-year fixed-rate mortgage is forecast to average 4.6 percent this year.Total single-family first-lien mortgage originations are expected to slide around 7 percent this year to $1.69 trillion, driven by decreased refinance activity due to higher borrowing costs, the report indicated, while Freddie expects Gross Domestic Product growth to be 3.4 percent in the second quarter and 2.7 percent for the year. In the meantime, Freddie reported, the U.S. labor market is robust, “which in turn is bringing more people into the workforce, increasing wages and spurring consumer spending and business investment.” Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. last_img read more