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Press release: Amber Rudd: Harlow Jobcentre Plus is backing the jobseeker

first_img London Press Office (national media and London area enquiries only – not questions about personal claims) 020 3267 5144 Out-of-hours (journalists only) 07623 928 975 England and Wales (local media enquiries) 029 20 586 then 097 or 098 or 099 Caxton HouseTothill StreetLondonSW1H 9NAcenter_img Press Office Scotland (local media enquiries) 0131 310 1122last_img

Aquila Capital Targets Offshore Wind with EUR 750 Million Fund

first_imgGerman investment company Aquila Capital has launched a EUR 750 million fund primarily seeking investments in onshore and offshore wind power, photovoltaics, hydropower, electricity grids and heat networks, as well as energy storage with an emphasis on greenfield projects. The Energy Transition Infrastructure Fund (ETIF) will invest in energy infrastructure assets that are essential to Europe’s energy transition. The fund will pursue the three most important subsectors of the energy transition, namely renewable energy generation, energy storage and energy transportation, Aquila Capital said.The company will launch the strategy as a Luxembourg-based Reserved Alternative Investment Fund (RAIF) with a target volume of EUR 750 million and a term of 12 years. The target net IRR is 8% to 10% per annum.“There are numerous developments driving the need for strategic investment in European energy infrastructure projects,” said Susanne Wermter, Head of Investment Management Energy & Infrastructure EMEA at Aquila Capital.“Energy consumption is rising, which is increasingly being met by renewable energy assets such as photovoltaics and wind power rather than fossil fuel and nuclear generation.”The geographical focus of ETIF is on continental Europe and the Nordic countries, with possible additional allocations in Great Britain and in Central and Eastern Europe. Ten to 15 investments with an average equity ticket of EUR 50 to 75 million are planned.“In the coming years, investments in energy storage and grid capacity will become much more important. Our response to this development is the ETIF strategy, which allows investors to participate financially and ecologically in the Europe-wide energy transition on a sustainable basis,” said Roman Rosslenbroich, CEO and co-founder of Aquila Capital.Aquila Capital currently manages renewable energy generation assets with a capacity of about 2,200MW.last_img read more

FHA Commissioner Montgomery HECM Program on the Right Track

first_img in Daily Dose, Featured, Government, News May 22, 2019 378 Views Brian Montgomery FHA HECM mortgage 2019-05-22 Mike Albanese FHA Commissioner Montgomery: HECM Program on the Right Trackcenter_img Brian MontgomeryFHA Commissioner,Brian Montgomery, FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD), said the home equity conversion mortgage (HECM) program has improved its standing with the home Mutual Mortgage Insurance Fund after recent corrective actions.Montgomery spoke Monday at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in New York.“The principal limit factor (PLF) and mortgage insurance premium (MIP) changes in 2017, combined with second appraisal, allow us to better manage program risk with revenue,” Montgomery said. “These changes will help assure the viability of the HECM program going forward. Most recent financial estimates are encouraging, showing that the effect on the MMI fund is improving.”While the FHA acknowledges the disruption of the collateral risk assessment and the possibility for some lenders to have to engage in a second property appraisal, it was still less disruptive to the HECM program compared to other options.“I would say I’m cautiously optimistic about the financial viability of the program going forward,” Montgomery said.Montgomery did share positive news, noting the “backlog of HECM assignment claims is clear.”Reverse Mortgage Insight (RMI) reported earlier this year that HECM endorsements dropped by 35.7% in March 2019, down to 2,573 loans. In their report, RMI stated “That is certainly a lot, but is actually very close to the average for December through February we discussed last month as a way of reducing the noise of the government shutdown shifting volume between those months. Now that we finally have a clean month it looks like the last five months on average have all been right around this month’s level.”By region, the Pacific/Hawaii region saw the smallest drop, down 18.6%, or 783 loans. RMI notes that this region was still up 15.7% from the December through February average. The Southwest had the biggest drop, but still came out 10.1 percent higher than the December through February average.DS News reported earlier that, according to LendingTree and data from the Federal Housing Authority’s HECM program, HECMs originated in the 100 studied cities at an average rate of 7.1 loans per 1,000 homeowners over the age of 60 between 2012 and 2017. The top city, Virginia Beach, boasted a rate of 13.8 loans per 1,000 homeowners over the age of 60. Sharelast_img read more