Lending in rising rate environment: A look at HELOCs

first_imgOf course, there’s no such thing as free money, but the historically low interest rates of the past few years have been about as close as most consumers will ever get to the concept. Those low rates meant many consumers decided it was worth a few bucks in closing costs to refinance their higher-rate variable or fixed mortgages into something that would cost them a lot less interest over the life of the loan.Now, that pesky, interfering Fed has raised its federal funds rate — and interest rates are going along for the ride. Many consumers who might have been in the refi market just a year ago will likely decide they’re better off with the loans they have, rather than taking a chance that rates will continue to rise. When homeowners become wary of rising rates, refi business dries up for financial institutions.When refinancing business dwindles, and the new mortgage market becomes even more competitive, banks need to find other profitable lending opportunities. Our upcoming webinar, Top Lending Strategies in a Rising Rate Environment, aims to help financial institutions uncover opportunities to help them offset the probable downturn in these areas. You’ll hear from top economist Mark Zandi from Moody’s Analytics, as well as Deluxe’s own Chief Data Scientist Kesna Lawrence as they discuss the changing environment and how FIs strategies should be shifting for success in 2018. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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GOtv Boxing NextGen 5 Produces 13 Fresh Talents

first_imgThirteen young boxers, aged between 18 and 25, have emerged from GOtv Boxing NextGen Search 5, which ended in Ilorin yesterday. The programme, which began on Thursday, held at the Indoor Sports Hall of the Kwara State Sports Complex, where young amateur boxers from across the country took part in sparring sessions to determine their suitability for entry into the professional cadre. Among those present at the closing ceremony where the boxers were unveiled were President, Nigerian Boxing Board of Control (NBB of C), Dr. Rafiu Ladipo; Secretary-General of the Board, Mr. Remi Aboderin; Mallam Tunde Kazeem, Director, Kwara State Sports Commission and representatives of the sponsors led by Ms Jennifer Ukoh, Public Relations Manager, GOtv.The boxers were selected by a judges’ panel made up of coaches Joe Mensah, Obisia Nwakpa and Afolabi Olatoke, Vice Chairman, Kwara State Coaches Association. On selection, they were presented gifts by the sponsors. The three most outstanding boxers at the programme were presented with GOtv decoders by the sponsors, who will also pay for their professional boxing licences and pre-licensing medical examination of every selected boxer. Alaba Omotola emerged as the best boxer, while Chibudem Okafor and Abolade Akintunde emerged runners-up.Speaking at the ceremony, the NBB of C President commended the sponsors for their immense support for Nigerian boxing beginning from 2014 when GOtv Boxing Night began. He noted that it is their investments in the sport that has kept it afloat, adding that without developmental programmes such as GOtv Boxing NextGen Search, the sport’s would have very little chance of survival let alone growth. The NBB of C President urged other corporate bodies to emulate GOtv by supporting the sport, which he said has been revived and offers immense opportunity for Nigerian youth.GOtv Boxing NextGen Search debuted in February 2016 as an initiative to replenish the Nigerian professional boxing pool, which had almost dried up on account of neglect. Famous graduates of the programme include Rilwan “Baby Face” Babatunde, current West African Boxing Union (WABU) welterweight champion; Tope “TP Rock” Musa and Opeyemi “Sense” Adeyemi.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Police hunting suspect who set couple on fire

first_img— victims continue to battle for lives at GPHCThe suspect who doused a man and his reputed wife with gasoline before setting them on fire is still on the run, but the Police are combing the backdam areas in Region Seven (Cuyuni-Mazaruni) to locate him.Georgetown Public Hospital CorporationHowever, the 35-year-old burn victim, Lyndon Joseph, along with his 30-year-old spouse, Maria Da Silva, are still battling for their lives at the Burn Unit of the Georgetown Public Hospital Corporation (GPHC).They are each in a critical but stable condition.On Thursday last, the couple were asleep in their mining camp at Toroparo Landing, Region Seven, when the suspect committed the act.Reports are that Joseph and Da Silva had attended a birthday celebration in the area on Wednesday evening and while they were there, the couple received information that the suspect was in their mining camp.The businessman and his wife left the party in haste and upon arriving at the mining camp, they saw the suspect. Joseph reportedly picked up a cutlass and dealt the man several lashes to his body.The suspect left the camp but according to reports, returned at approximately 04:00h on Thursday and proceeded to dowse gasoline on the couple and set them alight. He quickly escaped the scene, leaving the camp to burn, with Joseph and Da Silva trapped inside.However, public-spirited persons managed to rescue the businessman and his wife and rushed them to the Bartica Regional Hospital where they were treated and medevaced to the GPHC.Both Joseph and his wife would have sustained about 80 per cent burns about their body. The businessman is formerly of Jango Town, Mon Repos, East Coast Demerara.last_img read more

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