The United Basalt Products Ltd (UBP.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2017 annual report.For more information about The United Basalt Products Ltd (UBP.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The United Basalt Products Ltd (UBP.mu) company page on AfricanFinancials.Document: The United Basalt Products Ltd (UBP.mu) 2017 annual report.Company ProfileThe United Basalt Products Limited operates in two segments which are building materials and agriculture, to manufacture, retail and sell building materials in Mauritius. The company’s core products include aggregates, rocksand, hollow concrete blocks, precast concrete slabs and ready-to-use dry mortars. The United Basalt Products Limited also provides various concrete building components, such as paving-blocks and roof tiles, imported floor and wall tiles, and sanitary ware as well as home building and decorating products, fittings, tools, and garden accessories. The Agriculture segment deals in the cultivation of sugarcane, plants and landscaping services. The United Basalt Products Limited is listed on the Stock Exchange of Mauritius.
“This Stock Could Be Like Buying Amazon in 1997” Flirting with the idea buy-to-let investing for the first time? Or thinking of expanding your existing property portfolio in 2020? Many individuals in these situations are finding it hard to decide right now, and it’s easy to see why.Rents are rising, but so are costs. There’s a wealth of data out there describing how large numbers of landlords are thinking of exiting the sector entirely. But then there’s other news showing that buying activity is actually picking up.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…An improving market?Latest research from Paragon Bank certainly suggests that buy-to-let is beginning to click through the gears again. Overall, mortgage brokers who took part in its FACT survey say that rental property accounted for 17.7% of total business in the fourth quarter of 2019, the highest figure for a year.Naturally demand for remortgaging products commanded the lion’s share of fourth-quarter business (55%). But almost a quarter (or 24.5%) of buy-to-let mortgages were taken out for the purpose of portfolio extension, Paragon says. This was the highest level since the first quarter of 2017.The data suggests that the market could improve further in 2020, too. One in five brokers said that they expect to introduce more buy-to-let business this year. Some 11% say that they expect to report less. And overall brokers expect to do 0.8% more business in 2020. This is the second quarterly increase in a row.Stick with stocks!Even if investor sentiment towards buy-to-let is indeed picking up it doesn’t necessarily mean that you should follow the herd. I for one don’t have plans to start building a property empire any time soon.As I say, rents are indeed increasing but so are the colossal costs associated with the rental sector. Throw in the time and energy that modern landlords are expected to expound, as well as the high start-up costs, and investors here certainly have a lot on their plates. I’m much happier to invest my hard-earned cash in the stock market instead.Study the marketThere’s plenty of opportunity for would-be property investors to sate their appetites, too. Investing in the student accommodation market is one good theme to ride as the number of homegrown and international students booms.Recent data from the Higher Education Statistics Agency shows the number of higher education students at UK establishments rose 2% in the 2018–19 academic year, to 2.38m. And this is being driven by the steady rise in overseas student numbers. These increased 6% in the last period to 485,645.And there simply isn’t enough supply growth out there to cater for these ever-expanding numbers. This is why rents at the likes of GCP Student Living, Unite Group, and Empiric Student Property continue their long-term upswing. And it’s also why City analysts expect annual earnings at all these firms to keep growing by double-digit percentages over the next couple of years at least.When there’s so much investment potential here, then, why bother with the troubled buy-to-let market? Image source: Getty Images. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Forget buy-to-let! 3 property stocks I’d much rather buy today in an ISA Enter Your Email Address Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Royston Wild | Friday, 31st January, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wild
Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Manika Premsingh | Wednesday, 22nd July, 2020 Enter Your Email Address See all posts by Manika Premsingh Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Manika Premsingh owns shares of BP. The Motley Fool UK has recommended GlaxoSmithKline and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Stock market crash: I’d invest £5,000 in FTSE 100 shares like this now The FTSE 100 index has come a long way from March’s stock market crash. Green shoots of growth in the economy are also visible now. Moreover, continued policy support are keeping financial markets buoyed as well. But the impact of the crash is still palpable. Compared to an average of 7,558 in January this year, the FTSE 100 is still at a subdued 6,203 in July. In other words, it’s 18% lower than its highs. We are also yet to declare victory over Covid-19. Economic forecasts aren’t always encouraging either. At this time, I think it’s a good idea to invest £5,000, but we need to proceed with caution.Invest £5,000 with a mix of FTSE 100 stocksTo put it another way, when investing £5,000 in this environment, I think an investor should be well-guarded against any unexpected stock market falls. But investments in FTSE 100 companies should also promise good returns. My go-to method for growth investments right now is a mix of defensives and cyclicals.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Defensives are a natural hedge in bad times. Their products and services are so crucial that their demand remains relatively strong even in recessions. Think of healthcare companies and utilities as examples. This shows up in their share prices too, which don’t fluctuate as much as those of cyclicals.Cyclicals, as the name suggests, are companies whose demand varies according to the business cycle. During booms, they do very well and vice versa, simplistically speaking. As a result, their share price can fluctuate far more than that of defensives. Buying them at low prices can be rewarding for patient investors. Healthy FTSE 100 cyclicals rebounding in good times can make millionaires of investors. As a growth investor, the higher the risk I can withstand, the more I should invest in cyclicals and less in defensives. The opposite is applicable if I’m risk averse. Defensives like the healthcare company GlaxoSmithKline and consumer goods giant Unilever are good examples of defensive FTSE 100 stocks, with still affordable price-to-earnings (P/E) ratios. Cyclicals like the hospitality group Whitbread and real estate biggie Persimmon are investments to consider as well, in my view. Dividends are down, not outIt’s also nice to earn a passive income. Dividends have been either cut back or suspended by many FTSE 100 companies, making it increasingly difficult to allocate a proportion of an investment of £5,000 in them. Still there are some that still offer good dividends. One of them is the oil biggie BP and another is the utility company National Grid. The only catch to investing for dividends right now is that it calls for agility. If a company stops paying dividends, we may well want to re-allocate those investments. However, if that just isn’t how you roll as an investor, a combination stock is ideal. These stocks offer a mix of both growth and dividends. Even if dividends are cut back, they still offer share price growth. A good example of this is the miner, Rio Tinto. This approach can help me make gains from investing £5,000. Our 6 ‘Best Buys Now’ Shares
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. How I’d invest £3,000 in cheap UK dividend shares today to make a passive income Peter Stephens | Thursday, 18th February, 2021 Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. FREE REPORT: Why this £5 stock could be set to surge See all posts by Peter Stephens Peter Stephens owns shares of Rio Tinto, Tesco, and Unilever. The Motley Fool UK has recommended Tesco and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Simply click below to discover how you can take advantage of this. Get the full details on this £5 stock now – while your report is free. Making a passive income from UK dividend shares could be a sound long-term move. The prospect of low interest rates and a likely economic recovery may mean they offer relatively high, and growing, dividend payouts in the coming years.Of course, there’s never a guarantee that any company will pay dividends in future. Similarly, their share prices could fall heavily at any time. As they did in the 2020 stock market crash.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, taking those risks into account, these three FTSE 100 shares could offer an appealing income stream. As such, they could be worth buying with £3,000, or any other amount, today.Making a passive income with UK dividend sharesRio Tinto may not be an obvious choice when it comes to making a passive income from UK dividend shares. The mining company’s profitability can fluctuate significantly. Especially as it’s dependent on the world economy’s performance. However, the company’s dividend yield of around 5.5%. Add to that its solid balance sheet and the potential for improving operating conditions in a resurgent world economy could make it an attractive long-term purchase.Unilever could also offer an appealing income stream. Clearly, it’s faced tough operating conditions in recent months that may continue to weigh on its outlook. However, the company’s 3.8% dividend yield could suggest it offers good value for money. Its forecast rise in dividends per share of 5.5% next year may be indicative of its capacity to deliver an above-inflation rise in shareholder payouts.Tesco is another UK dividend share that could produce a growing passive income. Weak consumer confidence may weigh on its prospects. But the company’s online operations may boost its capacity to pay a higher dividend. The company’s dividend yield of 3.3% isn’t especially high. However, it could offer defensive appeal that makes it a worthwhile income opportunity in the long run.Building a diverse portfolio to reduce riskClearly, buying UK dividend shares to make a passive income comes with much higher risk than other assets. Therefore, purchasing a wide range of companies in a portfolio could be a means of reducing the threat of falling dividends, or declining share prices from a limited number of companies. Diversifying among different industries and geographies could be a prudent approach to take. Certainly, given the current uncertainties present in the world economy.However, even when those risks are included, dividend stocks could prove to be a sound long-term means of obtaining a worthwhile income compared to other income-producing assets in a low interest rate environment.After all, a recovering economic performance is forecast in the coming years. This may provide a boost to dividend payouts across a wide range of businesses that leads to a more attractive income return on a diverse portfolio of UK dividend shares. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares
Tagged with: Events 2000 runners race through City of London for Crisis www.crisis.org.uk The biggest teams on the night were Hillsong Church who entered an 243 runners and Threadneedle Investments (the event’s official Sponsor) who entered a team of 70. 29 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 8 June 2007 | News Over 2000 runners took to the streets of London last night to participate in the 15th Square Mile Run in the heart of the City to raise funds for national homelessness charity Crisis. The three and a half mile event is expected to raise at least £150,000. The event has now raised over £2 million since it was first staged. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement 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.
News The conviction of Niger newspaper editor Moussa Aksar is an attack on investigative journalism Abdoulaye Tiémogo was remanded in custody on 20 June and transferred tothe civil prison in Niamey. He was not told when he would be tried._________________________________________________________________ NigerAfrica Abdoulaye Tiémogo, publication director of the satirical weekly Le Canard déchaîné, was arrested on 18 June 2002 further to Prime Minister Hama Amadou’s filing of a complaint for “defamation”. Reporters Without Borders has urged the prime minister to withdraw his complaint and see to it that the journalist is released immediately.”Abdoulaye Tiémogo has been arrested three times since October 2001 and has spent almost two months behind bars. A member of the government has been behind the legal action each time,” deplored Reporters Without Borders Secretary-General Robert Ménard. The organisation asked the prime minister to demonstrate his commitment to press freedom by reigning in his ministers, who “unrelentingly try to silence an investigative journalist who is especially critical of them.” Ménard also recalled that, “as a sentence for the crime of defamation, imprisonment constitutes a serious human rights violation.”According to information collected by Reporters Without Borders, Criminal Investigation Department officers in Niamey placed Tiémogo in police custody on 18 June, in the late afternoon. The prime minister filed a complaint against Tiémogo because he felt “defamed and insulted” by three highly critical articles that were published in the latest issue of Le Canard déchaîné. The journalist notably accused Amadou of seeking to bribe the speaker of the National Assembly in order to retain his post as prime minister.Just over one month ago, Tiémogo was jailed for two weeks after Amadou filed a complaint. He was placed in police custody on 17 May, one week after hosting a debate on the private radio station Tambara FM. During the debate, Sanoussi Jackou, president of the Parti Nigérien pour l’Autogestion (PNA), a small opposition party, accused the prime minister of ethnic and regional discrimination in the appointment of high state officials. Jackou was also arrested, as was Abarad Mouddour Zakara, publication director of his newspaper La Roue de l’histoire, following the commerce minister’s filing of a complaint for “defamation”. They were released on 29 May after being sentenced to a four-month suspended jail sentence and a fine of 100,000 CFA francs.On 19 October 2001, the Niamey First Instance Tribunal sentenced Tiémogo to six months’ imprisonment for “defamation”. Agriculture Minister Wassalké Boukari had filed a complaint against Le Canard Déchaîné following its publication of an article alleging that he had embezzled 200 million CFA francs (approx. US$294,000; 305,000 euros) from a gold-mining area in the west of the country. The minister withdrew his complaint on 7 December, at the start of the appeals trial, and the journalist was subsequently released. Organisation Help by sharing this information NigerAfrica June 20, 2002 – Updated on January 20, 2016 Publication director of Le Canard déchaîné jailed again Follow the news on Niger Niger: Two journalists arrested in disturbing setback for press freedom November 27, 2020 Find out more RSF_en May 11, 2021 Find out more News to go further The 2020 pandemic has challenged press freedom in Africa Reports Receive email alerts News July 16, 2020 Find out more
Top of the News Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News 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. Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week Name (required) Mail (required) (not be published) Website More Cool Stuff Herbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeautyBaby Boom: The Stars Are Getting Busy In QuarantineHerbeautyHerbeautyHerbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeauty 4 recommended0 commentsShareShareTweetSharePin it Subscribe Faith & Religion News Neighborhood Church Presents Author Event with Rabbi Susan Silverman Article and Photo courtesy of NEIGHBORHOOD CHURCH Published on Saturday, March 19, 2016 | 7:42 pm Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Neighborhood Church’s Author Event presents Rabbi Susan Silverman, author of Casting Lots: Creating a Family in a Beautiful, Broken World on Thursday, April 7th, 7:00 p.m. at the Ross Chapel.Today, there are an estimated 153 million children in the world without parents. Only 250,000 are adopted worldwide each year. Susan Silverman has made it her mission to change these odds.At the time a mother of two girls, Silverman and her husband decided to add to their family by adopting a little boy from Ethiopia. Along with her sister Jody, Silverman flew twelve hours on an Ethiopia Air flight, listening to Johnny Cash’s “Folsom Prison Blues.” When they arrived at the orphanage in the sprawling city of Addis Ababa, they walked through a wide, metal gate and were greeted by children of all ages. That was it: Silverman was ready to live the story she would tell and re-tell her son Adar.In Casting Lots: Creating a Family in a Beautiful, Broken World, Silverman chronicles this journey and tackles the many daunting facets of adoption, including transracial adoption, with wit, grace, and the occasional pitch-perfect Silverman swear word. She also sheds light on the “adoption cliff”-the steep drop-off in international adoptions by U.S.-based parents in the past decade.Susan Silverman is a Reform rabbi, author, and activist. She is the co-author, along with her husband Yosef Abramowitz, of Jewish Family and Life: Traditions, Holidays, and Values for Today’s Parents and Children. She has written for and appeared in The Forward, The Boston Globe, The New York Times, The Daily Beast, The Huffington Post, The Jerusalem Post, The New York Post, Al Jazeera, and CNN, among others. She also partners with her sister, comedian and actress Sarah Silverman, on lectures and panels to address issues they are passionate about.Neighborhood Church, 301 N. Orange Grove Blvd., Pasadena, (626) 449-3470 or visit neighborhooduu.org. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Share Save in Daily Dose, Featured, Investment, News Home / Daily Dose / Why Senior Homeowners Stand to Gain The Best Markets For Residential Property Investors 2 days ago December 18, 2018 1,301 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post The Best Markets For Residential Property Investors 2 days ago Home Equity Homeowners Housing Wealth NRMLA Reverse Mortgage RMMI 2018-12-18 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Housing wealth for senior citizens is on the rise. According to the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), released by the National Reverse Mortgage Lenders Association (NRMLA), homeowners in the age-group of 62 years and older saw their housing wealth grow to $6.97 trillion in Q3 of 2018. This marks a quarter over quarter increase of 1.4 percent or $97 billion. However, the growth has slowed down slightly compared to last year, when senior wealth saw a quarter over quarter increase of 1.96 percent.The rising real-estate wealth has also resulted in an increase in reverse mortgages, NRMLA data indicated. The RMMI rose in Q3 2018 to 251.57, another all-time high since the index was first published in 2000. During the same period last year, the RMMI had risen to 233.12.“At a time when we’re seeing stock market volatility and the potential for a mild recession in the near future, it’s the perfect time for families to gather and take stock of their retirement resources and make necessary adjustments to ensure continued financial security,” said Peter Bell, President and CEO of NRMLA. “Housing wealth should be considered with other financial assets.”The report indicated that the increase in senior homeowner’s wealth was mainly driven by an estimated 1.3 percent or $115 billion increase in their home values. The rising wealth also meant that senior-held mortgage debt rose 1.1 percent during this period.Reverse mortgages are available to homeowners who are 62 years or older with significant home equity. Under a reverse mortgage funds are advanced to the borrower and interest accrues, but the outstanding balance is not due until the last borrower leaves the home, sells it, or passes away. According to NRMLA data, approximately 1.1 million households have utilized an FHA -insured reverse mortgage to help meet their financial needs.Even as housing wealth increases, a recent Federal Reserve survey revealed that 35 percent of households in the 64 to 74 years age group had a mortgage. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Expansion Plans Next: The State of Remodels Related Articles About Author: Radhika Ojha Why Senior Homeowners Stand to Gain Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Home Equity Homeowners Housing Wealth NRMLA Reverse Mortgage RMMI
ABC News(NEW YORK) — Dangerous flash flooding is wreaking havoc in Texas with the remnants of Tropical Storm Imelda dumping massive amounts of rain overnight and into the morning.The torrential rain prompted a full ground stop at Houston’s George Bush Intercontinental Airport on Thursday morning. The airport later reopened but officials warned of flooded roadways and delayed flights.More than 33 inches of rain has fallen in the town of Hamshire, Texas, since Tuesday — and over 25 inches of that rainfall was overnight.In the small town of Winnie, Texas, the conditions are “horrible,” with rapidly rising floodwaters making roads impassable, Chambers County Sheriff Brian Hawthorne told ABC News as the rain pounded down Thursday.“This is the worst flooding I’ve ever seen,” Hawthorne said.Some of the same houses flooded during Hurricane Harvey two years ago are now taking on water again, said Hawthorne.The water has “run out of places to go,” the sheriff said.Some homes have four to five feet of water inside, Hawthorne said, and dump trucks and airboats were being used to get people to safety. The sheriff believed about 45 people still needed to be rescued as of Thursday morning.The local hospital stayed open but about one dozen patients were evacuated, he added.“Until it quits raining, it’s gonna be a nightmare,” the sheriff said.In Beaumont — between Houston and Lake Charles, La. — over 250 high-water rescue requests were called into 911, the local police department said Thursday morning.“Please shelter in place and seek high ground,” the Beaumont police tweeted. “DO NOT drive.”Rainfall rates up to 5 inches per hour were reported overnight near Beaumont, Texas, dumping the worst flooding since Hurricane Harvey.The threat isn’t over. What’s left of Tropical Storm Imelda is still sitting over eastern Texas and western Louisiana, bringing more rain Thursday morning.The remains of Imelda will then slowly track north on Thursday spreading rain into northeastern Texas, northern Louisiana and southern Arkansas and Oklahoma.As much as 10 inches of additional rain is expected in eastern Texas and more flash flooding is expected in the next 24 hours.Copyright © 2019, ABC Radio. All rights reserved.