Builders Break Ground on Home that Will Offer Hope

October 2nd, 2010 by Bank Loan | No Comments | Filed in Loans

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Lancaster, PA (Vocus) August 6, 2010

Homes for Hope, Brentwood Builders, and area building trades invite the community to attend a ceremonial groundbreaking on Monday, August 9, from 11:30 a.m.-1:00 p.m. at 1331 Willow Creek Drive, Mount Joy. The celebration marks the construction of a home that unites builders, subcontractors, suppliers, and consultants from the Lancaster area in the fight against global poverty.

Event speakers will include Michael Lennon, executive director of Homes for Hope; Rev. Leo Neff; Clair Hostetter, president of Brentwood Builders; Katie Nienow, director of development with HOPE International; Rich Brown, executive vice president of the Lancaster Building Industry Association; and Rapho Township Supervisor Jerry Swore.

The home will be built on behalf of Homes for Hope as a collaborative effort between Brentwood Builders and numerous area subcontractors, suppliers, and consultants. Homes for Hope is a nonprofit organization dedicated to connecting the building industry to the alleviation of worldwide poverty through microfinance. The donation from the sale of the home will benefit HOPE International, a microfinance network dedicated to alleviating world poverty by providing financial services for impoverished families. The impact of HOPE and Homes for Hope can be seen online at www.youtube.com/hopeinternational.

HOPE’s primary service is the provision of small loans in 14 of the world’s most desperate countries. Starting at only -0, these loans enable entrepreneurs to start or expand their small businesses, creating a steady income that will lift their families out of poverty. This unique partnership between local builders, trades, suppliers, and consultants will allow these building industry experts to have a worldwide impact simply by doing what they do best: building a house.

For more information on the groundbreaking or Homes for Hope, please contact Michael Lennon with Homes for Hope at 714.812.9390 or mlennon(at)homes4hope(dot)org.

About HOPE International (HOPE): Headquartered in Lancaster, PA, HOPE International empowers those living in need around the world to escape poverty by providing microloans, savings services, training, and mentoring to help people become self-sufficient. Working in 14 of the poorest, least-served countries in Africa, Asia, Eastern Europe, and the Caribbean, HOPE is a Christian faith-based 501(c)(3) nonprofit organization focused on alleviating the many dimensions of poverty – physical, social, and spiritual – through microenterprise development.

About Homes for Hope (H4H): Homes for Hope is a 501(c)(3) nonprofit organization whose mission is to generate funding within the building industry to support the work of HOPE International and like-minded organizations who are helping to eradicate poverty in some of the poorest countries in the world.

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LONDON BUILDERS CLEAN UP AS ASIAN SUPER-RICH INJECT NEW CASH INTO CAPITAL

September 23rd, 2010 by Bank Loan | No Comments | Filed in News
asian market
by sgtrevolver

LONDON BUILDERS CLEAN UP AS ASIAN SUPER-RICH INJECT NEW CASH INTO CAPITAL

Cash from the emerging economies of Asia has been flooding in to the capital, keeping many London builders busy at a time when some firms might have otherwise gone under.

Builders have benefitted from foreign billionaires, who want to tap into the lucrative European markets, consistently favouring London as a location to base their businesses.

The international super-rich also increasingly see a London residence as an essential piece of their bulging property portfolios.

London is already home to eleven foreign billionaires, including steel entrepreneur Lakshmi Mittal and mining tycoon Anil Aggarwal.

The influx of new money means the housing market in London is being artificially inflated according to some analysts, certainly to the detriment of local would-be buyers; although in a fragile economic recovery the investment is undoubtedly welcome to London builders.

London building firm Berkeley Group recently reported a 20% increase in the number of its new homes being sold to international buyers.

Rob Perrins, Chief Executive of Berkeley, told The Financial Times: “The demand from sophisticated investors, who want to get money offshore and into a stable investment, or want a place for their children to live in when they come here for university, has no match in the domestic market.”

Similarly, some builders in the London area have found that the Asian cash injection has helped to rejuvenate the restoration, refurbishment and alteration end of the market too.

Clinton Foakes who runs a west London building firm, which operates in the exclusive areas of Kensington and Chelsea and Knightsbridge, said: “We are certainly enjoying the benefit of this new investment, especially at a time when other industries are not doing so well.”

Check out West London Builders- Clinton Foakes Building & Development !

 

Check out West London Builders- Clinton Foakes Building & Development !

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How do current mortgage rates help new home builders?

September 13th, 2010 by Bank Loan | 2 Comments | Filed in News
mortgage
by Owen Geronimo

Question by Brian B: How do current mortgage rates help new home builders?
I’d like to buy new construction as a result of the great mortgage rates right now. However, by the time I’d close on my house in December, it could be a totally different ballgame and rates could go through the roof. It seems to me, then, that low mortgage rates only help people refinancing or buying an existing house.

Best answer:

Answer by Danielle M
It dosen’t help homebuilders. Right now nobody is really touching new construction. Theres to much inventory already on the market.

Know better? Leave your own answer in the comments!

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Builders McInerney record first-half loss of almost €17m

September 6th, 2010 by Bank Loan | No Comments | Filed in Loans

Builders McInerney record first-half loss of almost €17m
McINERNEY, the house building group that last week sought court protection from its creditors, lost almost €17 million in the first six months of the year.
Read more on The Irish Times

Canada’s five biggest banks earned .8B in Q3
Canada’s five biggest banks earned a combined $ 4.8 billion in third quarter profits, nine per cent more than last year, as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations.
Read more on CTV.ca

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Wealth Builders, Inc. of Little Silver, NJ Changes Name to WBI Investments to Avoid Confusion Among Investment Advisors

August 26th, 2010 by Bank Loan | No Comments | Filed in News

Little Silver, NJ (PRWEB) March 27, 2006 -–

Wealth Builders, Inc. has changed its name to WBI Investments to avoid confusion among investment advisors looking to use its services, said CEO and President Don Schreiber, Jr.

The new website for the company’s investment group is www.wbiinvestments.com.

In 1984, as founder of the company, Mr. Schreiber selected the name because it was descriptive of the company’s mission to help clients to build their wealth.    The company did not own the trademark rights to the name, and today hundreds of large and small businesses across the country are using the words “Wealth Builders” to describe a host of products and services.

According to Mr. Schreiber this often creates confusion among investment advisors and their clients who are using the WBI Investments unique risk-based investment solutions to address their needs.

He said, “We are pleased to introduce our new name, WBI Investments, for our investment management business. We are also taking this opportunity to make the names of our portfolios more descriptive of their design and purpose, while eliminating the Wealth Builders references from their names. WBI Investments is a trade marked name,” Mr. Schreiber added.

Don Schreiber is author of Building a World-Class Financial Services Business (Dearborn, 2001) and co-author with his VP and Portfolio Manager, Gary Stroik, of All About Dividend Investing (McGraw-Hill, 2005). See www.allaboutdividends.com

WBI Investments is a registered investment adviser, based in Little Silver, NJ, founded in 1984 to provide individual investors with unique portfolio solutions that focus on value, dividends, and risk management designed to meet the income and capital appreciation needs of investors. The combination of dividend paying stocks and active risk management make its offerings especially timely and attractive today to investors.

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Builders Risk Insurance for a Construction Loan on a Mobile Home?

August 8th, 2010 by Bank Loan | 3 Comments | Filed in Loans

Question by MommaMT: Builders Risk Insurance for a Construction Loan on a Mobile Home?
We are trying to buy a new Mobile Home which will be converted to real property. We are working with a very well known bank institution and have been approved for a construction loan. They are telling me that Builders Risk Insurance needs to be purchased before they can give us a final approval on the loan. I called the local insurance companies and they insist they do not cover it for Mobile Homes. I brought this to the banks attention over a month ago, yet they are still telling me I need to get Builders Risk Insurance. What do I do? Supposably the mobile home builders don’t cover the Builders Risk Insurance or the contractor, so it’s up to me. How does this usually work? Is the buyer usually the one responsible for this?
Well we call them mobile homes here, but it is a Manufactured home.

Best answer:

Answer by bostonianinmo
The insurance companies are right. Your loan officer is clue-less. Talk to his or her supervisor.

Give your answer to this question below!

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Builders Break Ground on Home that Will Offer Hope

August 7th, 2010 by Bank Loan | No Comments | Filed in Loans

Builders Break Ground on Home that Will Offer Hope
Homes for Hope, Brentwood Builders, and area building trades invite the community to attend a ceremonial groundbreaking on Monday, August 9, from 11:30 a.m.-1:00 p.m. at 1331 Willow Creek Drive, Mount Joy. The celebration marks the construction of a home that unites builders, subcontractors, suppliers, and consultants from the Lancaster area in the fight against global poverty.
Read more on PRWeb via Yahoo! News

Weirdest Scholarships
Even the oddest hobbies and habits can earn you cash for college.
Read more on Forbes

Business Briefs: SBA offering loans in Hampton Roads
The SBA says small businesses and nonprofits have until Aug. 25 to apply for up to $ 2 million in loans. The money can be used to pay debt that could have been paid if the storm damage hadn’t occurred, such as payroll and accounts payable. •Freddie Mac named a company …
Read more on Richmond Times-Dispatch

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VINTAGE ADD O BANK HOME BUILDERS FEDERAL LOAN COUNTING

July 10th, 2010 by Bank Loan | No Comments | Filed in Loans

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VINTAGE ADD O BANK HOME BUILDERS FEDERAL LOAN COUNTING

July 10th, 2010 by Bank Loan | No Comments | Filed in Loans

Homes Loan on eBay:

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