| Fairfax Candidate Fights For More Diverse Board | | Posted Monday, March 12, 2007 2:54:34 PM by Blog57 Team | | Vellie Dietrich Hall, a Republican seeking a seat this year on the Fairfax County Board of Supervisors, kicked off her campaign in January at the home of a native Bolivian. Her finance chairman is from India. Her two political directors are Korean. And if that weren't enough diversity for a candidate seeking office in the immigrant-heavy Mason District in eastern Fairfax, there's Hall herself: a native of the Philippines who came to the United States 26 years ago and now runs a defense contracting business out of her home. .... | |
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| | | PA - NEW Finance company (CG 8372) | | Posted Sunday, January 21, 2007 12:57:38 PM by Blog57 Team | | A newly established, small financial institution located in beautiful offices in the West End require a super bright PA to assist senior management. This position would suit candidates looking for a small and quiet company, who are happy to work alone for the majority of the time. You will be involved in a variety of tasks including diary management, client contact, arranging travel, and typing. Applicants should have the following: - Excellent academics - ideally degree level - Previous work as a PA to senior management - Must be advanced in Word and Outlook An ability to get on with the job in a quiet environment is absolutely required. We are seeking top class candidates who are looking to grow in experience with the potential to gain additional responsibility over time.... | |
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| | | Forrester taps finance expert in CFO search | | Posted Friday, January 05, 2007 2:56:32 PM by Blog57 Team | | Forrester Research Inc. said Thursday it has tapped finance expert Paul Burmeister for guidance in the company's search for a chief financial officer. Burmeister is a partner with Tatum LLC, an Atlanta-based an executive services and consulting firm with an office in Newton, Mass. Cambridge, Mass.-based Forrester (Nasdaq: FORR - News) said Burmeister will serve as acting CFO and as senior finance advisor to Forrester board chair and Chief Executive Officer George F. Colony. Burmeister was previously CFO of RoweCom and interim CFO of Tweeter Home Entertainment Group. Burmeister also served as CFO of Fidelity Systems Company, a subsidiary of Fidelity Investments, and as corporate controller of Fidelity Investments, Forrester said in a statement. Forrester also said Thursday that Charles Rutstein is now chief operating officer and has assumed management of day-to-day business operations.... | |
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| | | Amlak Finance eyes completed properties with new product | | Posted Monday, November 27, 2006 1:01:22 PM by Blog57 Team | | Dubai: Amlak Finance PJSC, a publicly-listed Islamic mortgage lender, has launched Amlak Buy to Rent, a new home finance product for ready-to-use properties. The product is designed both for residents and non-resident customers who want to invest in the lucrative real estate market. A salient feature of the new finance scheme is that 50 per cent of the customer's creditworthiness will be assessed on the basis of his or her salary or business income and the rest will be on the basis of the rent that accrues from the property being financed. "The finance option will cover up to 75 per cent of the total value of the property and will have to be repaid over a period of 25 years for UAE residents, 20 years for resident expatriates, and 15 years for non-residents at competitive profit rates," the company said in a statement.... | |
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| | | Care home to rise from ashes of school destroyed by blaze | | Posted Tuesday, November 14, 2006 7:13:41 AM by Blog57 Team | | A NEW community centre and care home for the elderly is set to be built on the site of a former Edinburgh primary school which was demolished following a devastating fire. Health and council bosses hope to build the new 60-bed care home in the grounds of the former North Merchiston Primary School. Edinburgh City Council had been building a £1.9 million special school on the site when it was destroyed by fire four years ago. The new plans for the site will also see a new community centre which would be used as a meeting place for the elderly and disabled and open to local community groups in the evenings. .... | |
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| | | This is best time of year to buy home or condo | | Posted Sunday, November 12, 2006 3:07:38 AM by Blog57 Team | | During the slow home-sales season between Thanksgiving and New Year's Day, few people think of buying a house or condominium. However, if you want a home and can drag yourself away from holiday festivities, this is the best time of the year to be a buyer. Why is that? Only serious, motivated sellers have their houses and condominiums listed for sale in this slow sale season, and competition from other prospective buyers is at its lowest. Your purchase offer probably will be welcomed by a motivated seller. In addition, it is a ``buyer's market'' in most cities, meaning more homes are listed for sale than there are qualified buyers, so sellers are extremely anxious. Before shopping for a home, shop for a mortgage. Although mortgage brokers can arrange preapprovals, the letter must come from an actual lender, such as a bank or mortgage banker.... | |
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| | | FHLBanks' Office Of Finance Publishes 05 Financial Report | | Posted Friday, November 10, 2006 3:04:59 AM by Blog57 Team | | WASHINGTON -(Dow Jones)- The Federal Home Loan Bank System's Office of Finance Wednesday published the 2005 Combined Financial Report of the FHLBank System, including audited combined financial statements of the 12 FHLBanks. "The combined financial statements of the FHLBanks have been restated as of and for the years ended Dec. 31, 2003, 2002 and 2001 as a result of restatements at seven of the 12 FHLBanks," the office said. It said the restatements were due primarily to "technical misapplications and interpretations of SFAS 133," the accounting standard for derivative instruments and hedging activities, "and arose mainly from rigorous accounting reviews undertaken during the SEC registration process." As reported, as of Aug. 8, 2006, all 12 FHLBanks' Securities and Exchange Commission registrations were effective.... | |
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| | | Technical Olympic in JV Funding Dispute | | Posted Tuesday, November 07, 2006 6:55:25 PM by Blog57 Team | | Home builder Technical Olympic USA Inc. said Tuesday it is disputing a demand that it must finance a joint venture under the terms of an agreement with the venture's lenders. The company also said it won't file its third-quarter 10-Q on time because it expects to record asset impairment charges, due to a significant change in its results for the quarter. The company said its obligations to fund the venture have not been triggered, and that it believes that Transeastern Joint Venture's financial problems stem from the venture's highly leveraged capital structure, and not from Technical Olympic's actions. The venture was supposed to deliver 3,500 to 4,000 homes a year, but a downturn in the Florida housing market has made it unable to deliver the homes necessary to support its capital structure, the company said.... | |
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| | | GREEN LIGHT FOR NEW HOME FINANCE REGULATION | | Posted Monday, November 06, 2006 1:10:20 PM by Blog57 Team | | The Financial Services Authority (FSA) has published final rules for the regulation of Home Reversion plans (HRs) and Islamic law-compliant Home Purchase Plans (HPPs), which will come within its scope next year. The FSA's rules, which following consultation earlier this year, are designed to ensure that people who wish to take out either of these products (both based on sale and lease arrangements), enjoy consumer protection comparable to that already in place for equivalent products - lifetime mortgages in the case of HRs and conventional mortgages for HPPs. The new regimes will come into force on 6 April next year following Parliamentary approval of the necessary secondary legislation last week - and the FSA can start to accept authorisation applications for these new 'home finance' activities from 6 November this year.... | |
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| | | Low home prices spark far-reaching effects | | Posted Sunday, November 05, 2006 2:54:55 PM by Blog57 Team | | Hear that steady hiss? That's the air seeping out of the housing bubble. Home prices are in decline in the United States, with important consequences for small businesses. The median price for a new home in September 2006 was a whopping 9.7 percent below a year earlier, according to the U.S. Commerce Department. That's the biggest annual drop since 1970. Likewise, the Commerce Department reported six straight months of declining numbers of new home construction. What does a decline in housing prices and construction mean for small businesses? Less borrowing against home equity. Rising home equity, combined with low interest rates, made it relatively easy to get a home equity loan. Many used their equity to finance starting or expanding a business. Expect fewer new businesses to start.... | |
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