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ZCCM Investments Holdings Plc (ZCCM.zm) 2008 Annual Report

first_imgZCCM Investments Holdings Plc (ZCCM.zm) listed on the Lusaka Securities Exchange under the Investment sector has released it’s 2008 annual report.For more information about ZCCM Investments Holdings Plc (ZCCM.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the ZCCM Investments Holdings Plc (ZCCM.zm) company page on AfricanFinancials.Document: ZCCM Investments Holdings Plc (ZCCM.zm)  2008 annual report.Company ProfileZCCM Investments Holdings PLC is an investments holdings company with diversified interests in mining, energy and other sectors of the Zambian economy. The Company has a primary listing on the Lusaka Securities Exchange and secondary listings on the London Stock Exchange and the Euronext Stock Exchange in Paris.last_img read more

British bishop says that the church has forgotten the poor

first_img [Anglican Communion News Service] The bishop of Burnley in the northwest England diocese of Blackburn has accused priests of deserting the nation’s poor and working class areas.In a speech at the evangelical New Wine festival, Bishop Philip North told the stories of people who had come to faith through ministry in deprived areas.Full article. Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET British bishop says that the church has forgotten the poor Rector Knoxville, TN Comments (2) Submit a Press Release Rector Belleville, IL 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 Family Ministry Coordinator Baton Rouge, LA August 4, 2017 at 6:47 pm This is something that I think warrants more widespread and persistent discussion in the Church. I definitely think Bishop North is on to something. Bishop Diocesan Springfield, IL August 5, 2017 at 10:03 am My community is rural – and people are often without transportation. It’s been on my heart that I need to get out there. This may be the push I need! 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 Featured Events Missioner for Disaster Resilience Sacramento, CA Youth Minister Lorton, VA Rector Washington, DC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit an Event Listing Director of Music Morristown, NJ Posted Aug 4, 2017 Assistant/Associate Priest Scottsdale, AZ Cathedral Dean Boise, ID Priest-in-Charge Lebanon, OH Rector Shreveport, LA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET 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 Associate Rector for Family Ministries Anchorage, AK Comments are closed. Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Featured Jobs & Calls Associate Rector Columbus, GA Rector Hopkinsville, KY center_img The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Submit a Job Listing Tags Rector Pittsburgh, PA Anglican Communion, Director of Administration & Finance Atlanta, GA Course Director Jerusalem, Israel Press Release Service In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Curate Diocese of Nebraska New Berrigan Book With Episcopal Roots Cascade Books Rector Tampa, FL Rector/Priest in Charge (PT) Lisbon, ME Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Martinsville, VA Assistant/Associate Rector Morristown, NJ Rev. Lou Divis says: Rector Albany, NY Associate Priest for Pastoral Care New York, NY Poverty & Hunger The Rev. Frank J. Corbishley says: Canon for Family Ministry Jackson, MS Assistant/Associate Rector Washington, DC Rector Smithfield, NC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Collierville, TN Priest Associate or Director of Adult Ministries Greenville, SC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Bath, NC Rector (FT or PT) Indian River, MI Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector and Chaplain Eugene, OR last_img read more

Stress-Handling Tips: What You Can Learn From Pro Poker Players

first_imgShare on Facebook Tweet on Twitter The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 You have entered an incorrect email address! Please enter your email address here Please enter your name here Please enter your comment! TAGSBreathingCoping SkillsManagementMindsetStressTriggers Previous article5 Top Tips for Buying a Home In FloridaNext articleOrange Co. Fire Rescue ignites pink buzz in support of Breast Cancer Awareness Denise Connell RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate By Mark GilchristStress is a major contributor to many physical and mental health issues. Experiencing stress regularly can affect our emotions and mental health by causing anxiety and depression, anger and irritability, poor sleep patterns, restlessness, lack of motivation and feelings of being overwhelmed. It can also result in a variety of physical symptoms which, if left unchecked, can lead to more serious health conditions. These include stomach aches and headaches, fatigue, chest pains, difficulty breathing, muscle tension and pain. These complaints can end up being the forerunners of long-term health issues including diabetes, heart disease, obesity and hypertension.One of the biggest causes of stress is your career, and what is more stressful than a career as a poker player? They regularly go through a downswing and it can seem devastating to them at the time, losing huge amounts of money as well as their confidence. It is important their career doesn’t go into freefall if they have a bad run, so many of them utilize coping measures to get through the tension caused by an important game. Poker players have discussed a wide range of ways they manage stress before tournaments, including breathing exercises, understanding what causes frustration that can lead to stress, and staying in your comfort zone.Causes and Coping MechanismsCommon causes of stress include being under pressure, having something to worry about or feeling a lack of control over a situation, facing big life changes, having too many responsibilities or not having enough to do, and living through times of uncertainty. Sometimes one event triggers stress, but it can equally be caused by a slow build-up of lots of little things, which can make it harder to get to the root of the issue. Learning how to manage stress, particularly at times when life places us under pressure, can help maintain better physical and mental health. Learning how to identify triggers and implement coping measures when under pressure can make a huge difference.Breathing ExercisesOne of the simplest yet most effective ways of managing a stressful situation in the moment is to focus on breathing. There are various breathing exercises that can help with stress, the most basic of which is simply taking several deep breaths. Focusing on breathing in through the nose for a count of five, then out through the mouth for a count of five, can help re-center the brain and prevent stress chemicals from being released into the bloodstream. When you breathe deeply, you send a message to your brain that things are calm and it is okay to be relaxed, rather than on alert for danger.Active ManagementOne of the keys to managing stress over the long-term is being proactive and choosing active ways to feel calmer and more able to cope. Activities such as playing video games, watching television of surfing the internet may help relax people in the short-term, but over the long-term these types of activity tend to increase rather than reduce stress.Physical exercise can help manage stress in the immediate and being physically fitter as a result can also help reduce symptoms caused by longer-term stress. Fulfilling activities that bring joy can also reduce stress, such as spending time with loved ones, reading a favorite book or playing music can all help lower stress hormone levels.Changing the Stress MindsetThe way and degree to which people cope with stress has a lot to do with what is known as their stress mindset. Some people, when faced with what they know will be a challenging situation, immediately begin to come up with appropriate coping strategies which ultimately help them feel more motivated, boosting their performance and leaving them feeling happier and more energized at the end of the day.People with a negative stress mindset might view the same set of challenges as debilitating, unpleasant and impossible to deal with, which results in stress. However, there are ways of turning a negative stress mindset into a positive one. One study found that people who watched a horror film before entering a stressful situation experienced a sort of recalibration of the brain, whereby the stressful situation seemed more manageable when viewed from a new perspective.Identifying TriggersIdentifying triggers for stress can help lower overall stress levels in several ways. First, some of the triggers may be situations that can actually be avoided or made less stressful once they have been identified, such as not having enough time to complete a project or having to attend an appointment. Others may still have to be completed, but knowing they are coming up can help reduce stress through preparing coping mechanisms well in advance.There are two types of pressure that can cause stress – internal and external. Many internal pressures, such as driving oneself to be the best at work or achieve impossible goals, can be reduced and made more manageable once they have been recognized as triggers of stress. External pressures, such as bereavements, illness or financial troubles, may be harder to fix, but recognizing them as causes of stress can still help ensure the right coping mechanisms are put in place and the right support is asked for.There will always be events in life that are going to be stressful, whether those are one-offs or regular occurrences. It is not possible to avoid stressful situations altogether, but it is possible to change how we react to them so we can make them more manageable and reduce the negative effects placed on the mind and body as we navigate through them. Save my name, email, and website in this browser for the next time I comment.last_img read more

The Rugby Club Plays of the Week – Big Hits

first_imgFriday Aug 26, 2011 The Rugby Club Plays of the Week – Big Hits It’s been an interesting week for world rugby, and as we head into the final weekend of Rugby World Cup warm up matches, here’s a look back at what’s been going on with the Rugby Club’s Plays of the Week. Some week’s are better than others with this segment, as that’s just the way it goes, but this one is a bit of a classic with loads of big hits, funny moments, and even a little person doing press-ups on surfboards. We miss those days at the Sharktank. There’s a bit of a fist fight in the Shute Shield in Australia, which isn’t seen often these days, and then there’s a pick of the best tries from the Tri Nations and ITM Cup. Big charges follow, and there’s even a Springbok Falcon. Not to mention bikini girls in hot tubs. Action packed stuff, with a brilliant ending. Check it out, enjoy, and share with your mates. As has been the case for the past few months, there’s lots happening behind the scenes with RD so please bear with us as we lead up to the Rugby World Cup and you notice a few changes around here, including some possible down time when making those. We’ve also got some exciting new things to announce, and some nice prizes up for grabs.Time: 02:14 Thanks as always to the great folks at Fox Sports Australia ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Plays of the Week Related Articles 123 WEEKS AGO WATCH: France destroy Wales in Women’s Six… 138 WEEKS AGO Waikato winger scores four tries in epic… 304 WEEKS AGO The Wraparound from Rugby HQ – Week 27 From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey10 Types of Women You Should Never MarryNueey90% of People Have No Idea What These Two Little Holes Are ForNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Charities to benefit from 500 more Vodafone World of Difference placements

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Vodafone World of Difference UK programme is open once again, offering 500 people the chance to get paid to work for a UK charity of their choice.Any charity can benefit if they are chosen by a volunteer. Participating charities are listed on the Charity Matchmaker. If yours is not listed it can be added within 24 hours.Those charities selected by the successful 500 are given £2,500 towards their placement’s salary, plus £250 for the charity’s expenses. The programme is clearly successful: 85% of charities who benefited from a World of Difference winner would like to have another one.For the first time, the programme, delivered by the Vodafone Foundation, will be open to both full and part-time placement entries.The programme was once again launched by TV presenter Gok Wan. He said: “It’s amazing – eight out of 10 of those who took part last year planned to continue their work with their chosen charity after the programme finished.”Applications from individuals close at 16.00 on 22 November 2011. Judging will take place during December and early January. Successful applicants will be notified after 16 January 2012, and placements must start between 28 February and 5 March 2012.The programme is open to any UK or Channel Island citizen over the age of 18.http://worldofdifference.vodafone.co.uk Howard Lake | 26 September 2011 | News Tagged with: corporate Recruitment / people 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. Charities to benefit from 500 more Vodafone World of Difference placementslast_img read more

Pilot platform for anonymous feedback on funders hits over 100 reviews

first_imgPilot platform for anonymous feedback on funders hits over 100 reviews Tagged with: Funding trusts and foundations Anyone who has sought or secured funds from any of the funders listed on the site can post a review, simply by going to the website. Fundraisers are asked to rate the funders accessibility and effectiveness, to offer one piece of advice to the funder and one piece of advice to a friend or colleague thinking of applying, and to give an overall vote on whether the experience of working with the funder was positive or negative. To date, the feedback on funders via the UK site has been largely positive, although an informal poll on the @GrantAdvisorUK twitter feed suggests that this may not always be the case: Melanie May | 21 November 2019 | News About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  410 total views,  2 views todaycenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 Feedback on the GrantAdvisor site  411 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 A new pilot platform on which fundraisers can anonymously share their experience of applying to trusts and foundations has now published over 100 reviews.Taking its inspiration from consumer user review sites, GrantAdvisor started in the US as the brainchild of the Minnesota Council on Non-Profits, where it allows fundraisers to post anonymous reviews of any US based funder. It has now published more than 2,000 reviews of over 700 trusts and foundations. While two thirds of the reviews are broadly positive, the site also exposes some of the worst funder practice, including conflicting communications, onerous application processes for small amounts, shifting timetables and reporting requirements that change mid-grant. It also shares fundraiser insights on what is required to make a successful application, from those who have done so. The Centre for the Acceleration for Social Technology (CAST) began trialing a UK version of GrantAdvisor over the summer, and will be running the pilot until the end of this year. The pilot is currently limited to funders who have opted in, with the eventual goal to enable fundraisers to share their experience on any funding body as they can in the US.Fifteen foundations have already opted into the pilot, including four local community foundations, large national funders such as the Esmée Fairbairn Foundation, Paul Hamlyn Foundation and Lloyds Bank Foundation for England and Wales, together with specialist funders such as the Joffe Charitable Trust and Jerwood Arts. Funders in England, Scotland and Northern Ireland are represented. To date, the Esmée Fairbairn Foundation has attracted the largest number of comments.last_img read more

Political prisoner’s health scare ignites mass action

first_imgMumia Abu-JamalMarch 31 — At 1 p.m. EDT on March 30, political prisoner Mumia Abu-Jamal had a medical emergency, and was taken to the Intensive Care Unit at Schuylkill Medical Center in Pottsville, Pa. As of this morning, almost no information has been provided by hospital or prison authorities regarding his health and well-being.Finally, just before noon today, Mumia’s spouse, Wadiya, and his brother, Keith Cook, were allowed into his hospital room, following a people’s campaign demanding access for the family.Mumia Abu-Jamal is the legendary Black journalist and theorist. As a youth, he was a Black Panther organizer in Philadelphia in the 1970s. He spent almost 30 years on Pennsylvania death row after he was convicted of first degree murder on July 3, 1982, for the 1981 killing of a white police officer in Philadelphia.Mumia Abu-Jamal supporters outside March 30 court hearing on state’s attempt to stop prisoners from speaking out — aimed at the Black political prisoner.WW photo: Joseph PietteMumia has proclaimed his innocence since his arrest on Dec. 9, 1981, which was followed by a sham trial. His state and federal appeals for a new trial to prove his innocence have been systematically denied by the courts.While in prison, Abu-Jamal has authored six books and recorded hundreds of political columns thanks to Prison Radio.  Many of these transcribed columns have been read all over the world by political activists seeking analysis of the situation in the United States. He has found international support for his determination to fight for his freedom and continue his journalism in the belly of the racist, anti-poor prison system in solidarity with the world’s workers and oppressed. Millions of people have marched for his freedom and fought to get him off death row, from which he was finally removed in 2012 after almost 31 years.Mumia Abu-Jamal is held at this hospital in Pennsylvania.WW photo: Joseph PietteDespite being off of death row, Mumia is still serving a life sentence without possibility of parole for a killing he did not commit.  The struggle to free him continues.Abu-Jamal’s worrisome hospitalization comes only months after the death of MOVE leader Phil Africa, who died under suspicious circumstances at the State Correctional Institution in Dallas, Pa., in January. Phil Africa was secretly taken from the prison to a Wilkes Barre, Pa., hospital without any contact with his friends and family for several days before his shocking death.With this tragic loss fresh in the minds of MOVE and Mumia supporters, more than 15 people travelled immediately to where Mumia was hospitalized in order to demand more information. Upon arrival, Mumia’s brother, Keith Cook, was not allowed to visit his brother. Cook was part of a delegation in Harrisburg, the Pennsylvania capitol, March 30 to challenge the Revictimization Relief Act, which denies First Amendment rights to Pennsylvania prisoners.In an attempt to learn more about Mumia’s condition, Mumia supporters were feet away from his hospital door at the Schuylkill Medical Center; yet four police officers stood in their way, blocking the answers they sought. Hundreds of supporters have called SCI Mahanoy Superintendent John Kerestes. This led Kerestes’ office to turn off his phone, forcing concerned people to leave messages.Undoubtedly, more support for Mumia will be forthcoming until he is safe and ultimately until he is free from the racist prison system.Mumia’s life is in danger. The media and people concerned about Mumia’s health are encouraged to contact the following individuals and institutions responsible for the healthcare of Pennsylvania prisoners and demand answers regarding Mumia’s medical condition and family visitation rights in this urgent case.To keep informed on how to help Mumia Abu-Jamal and his family and friends, see iacenter.org.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Farmers Encouraged to Think About Risk Management Needs

first_img Facebook Twitter Previous articleAgreement Between Monsanto & Bayer Creates Options for FarmersNext articleHoosier Farmers Encouraged to Join 2013 Indiana Grown Program Gary Truitt The National Corn Growers Association is urging farmers interested in the Average Crop Revenue Election program and Direct and Counter-Cyclical programs in 2013 to consider which option better suits their risk management needs. NCGA Public Policy Action Team Chair Jim Reed says farmers need to remember they still have a variety of options to manage risk during the 2013 crop year – even though a new farm bill has yet to pass. Sign-up for ACRE closes June 3rd. DCP and CCP sign-ups close August 2nd. The organization strongly encourages farmers to explore their options and discuss their individual situations with their local Farm Service Agency representative.For those considering these programs – NCGA notes the DCP doesn’t vary from previous years – with payment distribution beginning this October. The CCP – NCGA points out – is unlikely to make payments because trigger prices are low – relative to current market prices. The Marketing Loan Program and Loan Deficiency Payment Program will also exist for the 2013 crop year due to the extension of the 2008 Farm Bill. NCGA says LDPs are unlikely – as market prices remain well above loan rates.Farmers can enroll in the ACRE program whether their farm has participated before or not – and those farms that have enrolled in ACRE previously will not be required to do so. Those choosing to enroll will have direct payments reduced by 20-percent, have loan rates reduced by 30-percent and will no longer be enrolled in the CCP. ACRE is a state revenue based program specific to each crop. State guarantees for the 2013 crop are unknown at this time – as limits on changes in revenue guarantees can change from year to year. If ACRE payments are triggered for the 2013 crop – they won’t occur until after October of 2014.As farmers work in their fields – Reed says NCGA will continue to work in Washington to ensure the best possible risk management tools are available for farmers and the safety net remains strong. Farmers Encouraged to Think About Risk Management Needs Facebook Twitter By Gary Truitt – Apr 16, 2013 center_img Source: NAFB News Service Home Indiana Agriculture News Farmers Encouraged to Think About Risk Management Needs SHARE SHARElast_img read more

Liu Xiaobo’s pictures

first_imgNews Organisation January 1, 2002 – Updated on January 25, 2016 Liu Xiaobo’s pictures RSF_en Help by sharing this informationlast_img

Post-Moratorium Planning Begins Now

first_img  Print This Post Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Print Features Previous: Ginnie Mae To Begin Accepting Digital Collateral Next: The Week Ahead: Webinar on Homeownership Among Stressed Communities Home / Daily Dose / Post-Moratorium Planning Begins Now About Author: Allen Price What Servicers Need to DoRight now, servicers should be preparing for ongoing uncertainty in a post-moratorium world, where the only certainty is that call volumes will increase substantially. That’s why, from a policy and operations standpoint, the first thing servicers should be doing is ensuring they have maximized all possible communication channels borrowers are likely to use.This includes providing assistance through the servicer’s website and providing borrowers with access to their accounts regardless of their preferred method of communication. For example, while providing borrowers with self-service help on a servicer’s website is important, so is a well-defined inbound call strategy. Many older borrowers do not prefer using the internet to get assistance on their mortgage, while other borrowers may find themselves without internet access for any period of time because of their financial challenges. This means servicers should have an inbound call strategy that limits the amount of time borrowers spend on hold before speaking with someone. It may also mean leveraging interactive voice response (IVR) technology that is able to gather information from borrowers when a representative isn’t available.Another tool servicers should consider are mobile apps, which have proven to be incredibly valuable during recent natural disasters. Such apps are able to push out notifications to borrowers and remind them to reach out if they are having trouble making payments. They can also be useful for sharing important information about the pandemic and other emergency resources that may be available to those in need. One of the more inexpensive channels for helping borrowers—and also one of the most overlooked—is social media, which also played a crucial role in staying engaged with borrowers during previous crises. Social media can be a powerful aid for letting borrowers know about all the options that exist that may keep them in their homes, such as payment moratoriums, mortgage forbearance, and financial assistance being provided through the federal government or housing agencies.Internally, there are plenty servicers can do to improve their behind-the-scenes operations while minimizing costs. For example, AI, machine-learning tools, and automation can help detect borrowers who may be experiencing trouble making payments before they contact the servicer to help. By automatically tracking anomalies in a borrower’s payments, servicers with the right system in place can proactively reach out to the borrower and help keep them in their homes. Automation and similar tools are equally useful at accelerating the process of determining which options to offer individual borrowers.After the moratoriums end, if a borrower’s finances are still strained and they are in danger of missing payments, time will be of the essence. In some cases, automated servicing technologies have been shown to double a company’s decision-making speed, allowing them to help borrowers save precious time when choosing the best path forward. Subscribe Demand Propels Home Prices Upward 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago 2020-07-17 Mike Albanese July 17, 2020 1,841 Views Why it’s Important to Act NowWhile the moratorium gives borrowers a breather from making payments, it will not solve their financial issues if they are unable to work for an extended period of time long after the pandemic ends. That’s why it’s crucial for servicers to start preparing now for the wave of delinquencies and defaults that are surely to come over the next year. The good news is that some of the same technologies I mentioned earlier can also be leveraged to control costs and more efficiently deploy teams on borrowers who need assistance the most. At the same time, however, many servicers aren’t able to build such systems themselves, or they must rely on their servicing technology vendors for help.And many legacy servicing platforms have not updated their systems for years and are unable to scale to meet the type of volume increases servicers will likely see in the months ahead. For servicers that find themselves lacking the tools and resources they’ll need to handle future volume, the best bet may be partnering with a specialty servicer that has experience in disaster planning and also continues to invest in its technology to help servicers achieve better performance. Such a partner can offer servicers almost complete scalability while enabling them to act nimbly and flexibly to meet changing conditions. The best specialty servicers are those that have the technology in place to anticipate potential delinquencies before they happen. They are also capable of managing assets from cradle to grave. Ideally, however, a servicing partner should also be able to “decouple” its services and provide certain services on an a la carte basis. This gives servicers and investors the freedom to manage loans at certain stages of delinquency themselves, should they need to do so.To be sure, there are certainly lessons which can be drawn from recent natural disasters. But the servicing industry has never faced a crisis of this breadth and magnitude before, nor has it dealt with the shutting down of normal day-to-day life on the scale that is happening today. Hopefully, by the time this article is published, the U.S. will have flattened the curve on the deadly coronavirus and the economy will be on the road to recovery. However, it’s vitally important for servicers to view the foreclosure moratorium as an opportunity to work with borrowers in helping them manage through an unprecedented and critical time, and with the ultimate goal to keep homeowners in their homes.center_img Allen Price is an SVP at BSI Financial, a provider of mortgage servicing and special servicing, loan quality control, REO and asset management services, and life-of-loan performance reporting using advanced data analytics tools. Price has 20 years’ mortgage servicing and capital markets experience and has held executive positions at RoundPoint Financial Group, ServiceLink, NationStar Mortgage, and Bank of America. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Taking InventoryOn March 18, the federal government ordered a moratorium on foreclosures and evictions and put out the word to borrowers to contact their servicers about forbearance options on their loans. The FHA, HUD, the USDA, and Fannie Mae and Freddie Mac also announced similar freezes. Some banks have also announced their payment moratoriums, some as long as 120 days, while others have suspended payments for certain borrowers.These steps are necessary to ensure millions of Americans who are facing job layoffs as a result of the pandemic are able to stay in their homes. At some point, however, the relief will end, and it will most likely end before many borrowers have fully recovered financially. When that happens, servicers will need to be ready to handle a surge in requests from borrowers needing help. Increased call volumes should last for some time, too.According to a February 2020 CoreLogic report, mortgage delinquencies caused by the wave of catastrophic weather events that took place in 2019 are not expected to return to normal for 12 months or more. In the case of a much longer, sustained disaster like the pandemic, the impact on borrowers could last much longer as well. Over the coming months and years, the spotlight will be pointed at mortgage servicers. Questions will be asked about how prepared they were to help delinquent borrowers, as well as how well they performed in their objectives. The reality is that many weren’t prepared. While it’s fair to say that no one was prepared for a disaster of this magnitude, many servicers were ill-prepared to handle volumes brought on by near-term natural disasters, which now seem minor in comparison to the pandemic.Over the past several years, Mother Nature has exposed weaknesses among servicers and their capacity for managing large waves of borrowers in crisis. This happened despite the fact that servicers had plenty of opportunities to invest in technology and improve the customer experience in prior years. But there is always an opportunity to do better, even amid today’s crisis. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Post-Moratorium Planning Begins Now This story originally appeared in the July edition of DS News.For mortgage servicers, the challenges never seem to end. After several years of wildfires, tornados, hurricanes, floods, and other natural disasters, a new disaster has come along to top them all. And the worst part is that no one knows with certainty when the pandemic or its impact on the economy will end. What we do know is that a wave of delinquencies and defaults is almost certainly on its way.While there are multiple foreclosure moratoriums in place to prevent Americans from losing their homes during the crisis, it’s likely that many will continue to struggle financially when they end. Which means servicers should be preparing now for what happens when the smoke clears.last_img read more