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Financial Services Committee Discusses HEROES Act

first_img Tagged with: Coronavirus House Fiinancial Services Committee Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Financial Services Committee Discusses HEROES Act The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Financial Services Committee Discusses HEROES Act The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Coronavirus House Fiinancial Services Committee 2020-07-23 Mike Albanese The House Committee on Financial Services held a hearing Thursday on the HEROES Act and the role it could play in the economic relief from COVID-19.Financial Services’ Chairwoman Maxine Waters said the House of Representatives passed the HEROES Act 60 days ago. She added the pandemic has surged since that point, with the virus killing more than 140,000 people and infecting 3.8 million people.She added federal, state, and local foreclosure and eviction moratoriums are expiring soon as 36% of renters were unable to make full July payments and 4.2 million homeowners in forbearance plans.“The HEROES Act would, among other things, provide $100 billion for renters and $75 billion for homes to keep families housed during the pandemic,” Waters said.The bill, which came with a $3 trillion price tag was approved by a vote of 208-199.A summary by the American Action Forum states the HEROES Act would provide around $200 billion in additional housing assistance.The CARES Act provided financial and legal assistance for renters and mortgage holders with a federally-backed mortgage. The American Action Forum said the HEROES act expands the financial assistant and legal protection to “virtually all” renters and mortgage holders, including prohibiting foreclosure for non-payment for up to a yearWaters added Thursday the Committee worked hard to ensure all lending institutions can access federal lending programs, such as the Payment Protection Program.However, she noted that the U.S. Senate “has done nothing” to advance the HEROES Act or any other COVID-19 response bill since the passage of the CARES Act.“The Heroes Act provides critical relief and protections for all renters, homeowners, people experiencing homelessness, consumers, students, small businesses, minority-owned businesses, and non-profits,” Waters said.She added “we must not repeat the mistakes of the past,” referencing the 2008 financial crisis that caused millions of Americans to lose their homes and minorities targeted by predatory mortgages.The Committee’s Ranking Member, Patrick McHenry, however, said of the hearing, “this hearing is a waste of time.”He said people are losing their jobs, worried about keeping their homes, and in less than 48 hours, many Americans will face a “fiscal cliff” as benefits will come to an end.“Remember this day. This is a day, in the middle of a crisis, as we speed toward another disaster—this fiscal cliff—House Democrats choose to have a hearing on a bill that passed over two months ago,” McHenry said.He said fellow Democrats have called the HEROES Act a “dead-end partisan stunt with many voting against the bill.“Americans don’t want gamesmanship. They don’t want petty partisanship. They want actions and they want results,” he said.McHenry said the passage of the CARES was the right response at the right time. But this bill is not.“Is it worth it to continue pushing for things you know you will never get done and delay passage of what is a more reasonable policy. Knowing that by delaying and doing stunts like today, it’s just another minute, another hour, another day wasted not serving the American people,” McHenry said.He concluded his statement by saying House Republicans want to support businesses and homeowners and want “hard compromises” to get the country back on track.center_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago July 23, 2020 1,260 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: Making America’s Housing More ‘Equitable’ Next: Trio of Storms Raise Concerns on Potential Property Damage  Print This Post Sign up for DS News Daily Subscribelast_img read more

RHM’s £2m hit on wheat prices

first_imgRHM said its bread division had seen good growth as a result of price increases and customer wins, in a trading update for the last six months issued this week.But a delay in recovering higher wheat price rises cost around £2m in the first half of the year.RHM’s cakes division’s performance continued to improve, it said. And procurement and logistics savings in the first half of the year will be more than £8m.RHM issued the trading statement for the six months to 28 October, ahead of its results, which will be announced on 13 December.RHM also said this week that it will close its Newcastle bread bakery and move production to the south, with 69 job losses expected (see British Baker, 27 October).last_img

Taste test

first_imgWith the third National Craft Bakers’ Week only a few weeks away the campaign is building momentum with more bakers registering to take part than ever beforeAccording to the National Association of Master Bakers, National Craft Bakers’ Week provides a united voice for inde-pendent bakers across the country, championing the artisanal skills that have been used for generations; the vital role of the baker’s shop in a local community; and the difference in taste between craft made goods and those produced in factories.Participating in this year’s campaign and helping raise consumers’ awareness of the event is sporting legend Dame Kelly Holmes, who is a big fan of local bakers and freshly baked bread, savouries and cakes.Supported by free point-of-sale material and guidelines on how to promote their businesses, bakers are already planning amazing events that showcase their skills and involve their local community and are posting details on the NAMB’s new Facebook page Other bakers are busy making contact with local radio stations and newspapers to spread news of their offers, demonstrations and competitions.Sampling experienceA key part of National Craft Bakers’ Week 2011 is a national taste experience, taking place on Wednesday 21 September. Bakers are urged to take part in what the NAMB believes will be the largest simultaneous tasting experience in the country.Bakers are encouraged to invite customers and passers-by or community groups to sample their menu of goods and appreciate for themselves how good artisan crafted, freshly baked cakes, breads, savouries and pastries can be, so that they realise what a valuable asset they have in their community.”We want every craft baker, regardless of whether they are doing anything else or not, to celebrate National Craft Bakers’ Week, by offering customers, passers-by and local community groups a chance to sample freshly baked goods on Wednesday 21 September,” says NAMB CEO Gill Brooks-Lonican. “By involving all bakers we want this to be the biggest simultaneous tasting event in the country. The more bakers involved, the bigger the positive impact on the consumer will be and, hopefully, local community bakers can reclaim some of their high street customers.” Registration Register today for your free marketing pack and to be included within the press campaign to put local media in touch with participating bakers. This aims to boost local news coverage that will benefit your business.Complete the online registration form at or telephone 01920 468061. Also, please send details of any forthcoming events for the week to the NAMB, so it can pass details on to its press contacts. Support group The National Craft Bakers’ Week activity is organised by the National Association of Master Bakers (NAMB) in association with a group of key bakery suppliers (Bako NW, Bakels, BFP Wholesale, California Raisins, CSM United Kingdom, Macphie, Marriage’s, Puratos and the Reynard Group) along with British Baker magazine.last_img read more