GoodLife Home Loans Announces New, Higher 2020 Reverse Mortgage Limits

Reviewing Reverse Mortgage Limits

Reviewing Reverse Mortgage Limits

Every year, the FHA announces lending limits for government-sponsored programs. GoodLife reports these changes to educate seniors on their retirement options.

LAGUNA HILLS, CA, USA, December 31, 2019 /EINPresswire.com/ — Every year, the Federal Housing Administration (FHA) announces its new lending limits for government-sponsored programs. GoodLife Home Loans (“GoodLife”) reports on these changes to educate seniors about their options in retirement.

Retirees and working seniors who have considered a reverse mortgage are in for good news: The Federal Housing Administration has increased the nationwide lending limit to $765,600 for 2020, according to GoodLife Home Loans.

The U.S. Department of Housing and Urban Development (HUD) offers a number of programs that help Americans meet their housing needs, one of them being the home equity conversion mortgage (HECM), commonly referred to as a “reverse mortgage.”

Reverse Mortgage Changes

As a part of HUD’s Office of Housing, the FHA insures reverse mortgages to provide lenders with protection against losses, as they agree to pay FHA-approved lenders a claim for unpaid principal balances on defaulted loans. Loans backed by the FHA bear less risk, so they’re able to expand their lending parameters to help more seniors with their housing needs. However, the FHA will only insure mortgages up to a certain amount—which recently increased by $39,075 over last year.

GoodLife recently revealed that the nationwide reverse mortgage lending limits for 2020 grew to $765,600 compared to the old limit of $726,525. The new maximum claim amount means that eligible seniors may now be able to receive a higher principal limit on a reverse mortgage loan or a line of credit.

This may prove especially useful to potential borrowers with high-valued homes and large mortgages, since there may now be enough proceeds to pay off their existing mortgage through the HECM reverse mortgage program.

HECMs allow seniors (Age 62 and above) to tap into a portion of their home equity—with an appraised value up to $765,600, then to convert their equity into spendable money. These funds can then be used to pay for a variety of expenses in retirement, including eliminating their current mortgage payment, make home renovations, pay for medical expenses and in-home nursing care, and more. Many seniors living on a fixed, limited income in retirement have found reverse mortgages to be incredibly helpful for improving their cash flow and their quality of life.

Reverse Mortgage Guidelines

GoodLife Home Loans, a trusted reverse mortgage provider, notes that to qualify for the HECM program, you must be at least 62 years of age, own substantial equity in your home, and live in the property as your primary residence.

GoodLife points out that although the lending limit is now $765,600, it does not necessarily follow that approved applicants will receive a loan in that amount. The principal limit borrowers may be eligible for is based on the appraised value of the home, the interest rate of the loan, and the age of the youngest borrower. Ask for their free calculator or get more information on their website.

GoodLife discusses 2020 reverse mortgage changes in detail, including updates to insurance premiums, additions to the appraisal process, and expansion of condominium eligibility criteria at their educational blog. Their mission is to provide seniors and their families with all of the information they need to feel confident in the decisions they make towards their financial future.

About the Company

GoodLife Home Loans is an FHA-approved lender specializing in HECM loans. They help eligible seniors access a portion of their home equity while they continue to live in the property, so that they may enjoy a comfortable retirement rather than worrying over the cost of living. You can learn more about how they may be able to help you live The GoodLife in Retirement by visiting them at GoodLifeHomeLoans.com.

GoodLife
GoodLife Home Loans
+1 844-200-5845
email us here
Visit us on social media:
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Source: EIN Presswire

Millennial Business Owner, John Zimmel, Lists His Top Three Favorite Books for Young Entrepreneurs

John Zimmel Greenwich

John Zimmel, a young entrepreneur from Greenwich, CT owns four media businesses. Here are some of his favorite books that helped him on his quest to success.

GREENWICH, CT, UNITED STATES, December 31, 2019 /EINPresswire.com/ — As a young entrepreneur in his early twenties, John Zimmel has experienced firsthand what it feels like to have big dreams only to feel the existential dread from now knowing where to begin to start achieving them.

“When you’re trying to start a business from scratch as a young person, it feels like the odds are against you,” said Zimmel. “Friends are off focusing on having fun, and you’re left to navigate an industry without any contacts, qualifications, or reputation. But there have been millions of people standing right where you are. There is a way to launch your entrepreneurial lifestyle, and it starts with absorbing as much knowledge and real life examples of success that you can.”

Here are some of John Zimmel’s favorite books to help budding entrepreneurs find inspiration, knowledge, and real examples of overcoming adversity.

1. Unfu*k Yourself: Get Out of Your Head and into Your Life by Gary John Bishop
“I like this book for its straightforward, no nonsense approach to shaking off fear, doubt, and negative self-talk to become the best version of yourself,” said John. “It’s a great inspirational book that will help light the inner fire in you and finally start your business.”

2. The 4-Hour Work Week: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss
“A classic goto that every person should read,” said John. “If you have even the slightest itch to be your own boss, this book is a must. Tim Ferriss provides realistic strategies to automate a business, and talks about a concept called, mini-retirements. It’s one of my favorites.”

3. Crush It!: Why NOW Is the Time to Cash In on Your Passion by Gary Vaynerchuk
“Gary outlines in this playbook how to turn hobbies into money-making internet machines,” said John Zimmel. “It’s one of my favorite books because the author talks about the importance of building a personal brand and how to use it to build a profitable entrepreneurial career.”

About John Zimmel
John Zimmel is a young, vibrant entrepreneur from Greenwich, CT who’s eager to take his clients’ brand recognition to the next level through social media strategies and high-quality digital content. John Zimmel owns and operates four businesses including his modern-day communications parent company, Labyrinth35X; audio production company, Grass Fed Audio; digital content creation agency, West 35 Media; and his video production company, Nameless Productions. John Zimmel is also a performer himself of magic.

Labyrinth35X – https://labyrinth35x.com/
Grass Fed Audio – https://www.grassfedaudio.com/
West 35 Media – https://west35media.com/
Nameless Productions – https://www.namelesswebsite.com/

Caroline Hunter
Web Presence, LLC
+1 7862338220
email us here


Source: EIN Presswire

Looking for a Long Term Investment? Luxe London Emerges as The Industry Leader in Features and Finishes

Luxe London Ontario

Society Developments

LONDON, ONTARIO, CANADA, December 31, 2019 /EINPresswire.com/ — With the average price for a home in London, Ontario breaking an average of $400K, potential homebuyers need the best deal for their money more than ever. Luxe London, by Society Developments, is on the market and has proven to be the forerunner of long-term investment. Since its creation in 2005, Society Developments have made an impact in the real estate market of London. With the real estate demand at an all-time high, Luxe London buyers know they’re making a smart long-term investment.

For those not entirely convinced they’re ready to make the investment, they often need to see for themselves why Luxe London has emerged as a leader in high-end finishes and features. The number one feature that makes Luxe London a good investment is the location. The 19-floor state-of-the-art building resides in the heart of the Business and Entertainment District of London. It’s the perfect residence for those who want to work hard and play hard with its finishes and features going even beyond what most people expect from a luxury high-rise residence.

Because Luxe London caters to young professionals who want to be in the center of it all, it offers especially unique luxury features. Luxe London offers 24-hour security surveillance and keyless entry with controlled access. Residents may also enjoy secured above ground and covered parking. With the hardworking young professional in mind, Luxe London offers a business lounge with private meeting rooms and a business centre on-site.

Luxe London’s suites are move-in ready, and feature state-of-the-art finishes in every corner. All of the kitchens feature solid wood cabinets, a soft close feature, and stainless steel pulls. All of the appliances such as the refrigerator, stove, microwave, and dishwasher are top-of-the-line stainless steel. To top it all off, wide plank laminate flooring and custom high-end lighting complete all of the Luxe London kitchens. Each suite offers large windows with great views of the city.

The Luxe London bathrooms have glass showers, as well as custom vanities with granite countertops. Investors love the finishes, which include porcelain sinks, medicine cabinets with stainless steel pulls, contemporary chrome faucets and fixtures, and solid wood doors. Due to Luxe London’s low consumption water closets and low flow lavatory faucets, residents benefit from savings on water costs.

Aside from offering a state-of-the-art fitness centre, Luxe London features a yoga studio, change rooms, each equipped with a cedar sauna, showers, and lockers. Luxe London residents never have to leave the building to be entertained as it boasts a 40-seat movie theatre with movies on demand, a game room, and a café lounge featuring a cozy fireplace.

With all of these luxury features and finishes, Luxe London is the perfect investment in a buyers’ market. Follow along and stay tuned for Society Developments’ next project.

Caroline Hunter
Web Presence, LLC
+1 7862338220
email us here


Source: EIN Presswire

Munfarid’s VRXOne Program Sets Sail for New Destinations

Virtual Reality Education in Classroom

Virtual Reality Education in Classroom

Virtual Reality Education in Classroom Nigeria

Virtual Reality Education in Classroom Nigeria

Virtual Reality Education

Virtual Reality Education

Oman Egypt Pakistan and India as new regions for VRXOne

Oman Egypt Pakistan and India as new regions for VRXOne

Virtual Reality Augmented Reality Education in Classroom by VRXOne

Virtual Reality Augmented Reality Education in Classroom by VRXOne

VRXOne experiencing network growth for Virtual Reality Education in Classroom Program.

Immersive education counters the systematic barriers that impede the application of effective education strategy in Nigeria and opens up new horizons for enabling sustained access to quality education”

— Dr. Sana Farid ( CEO & Co-Founder ) Munfarid – Mulhimat – VRXOne

DUBAI, UNITED ARAB EMIRATES, December 31, 2019 /EINPresswire.com/ — VRXONE: INTRODUCTION TO THE HOTTEST IMMERSIVE EDUCATION PROGRAM

VRXOne is a state-of-the-art Immersive Education Program created by Munfarid, an innovation firm specializing in Artificial Intelligence (Ai), Virtual Reality (VR), and Augmented Reality (AR). This program targets K-12, higher education, non-formal education, and even special education requirements.
The primary objective is to facilitate training, learning, and skill development across various industries. Immersive education includes the incorporation of immersive and creative technologies to impart high-quality education – that adds real value in terms of increased engagement, enhanced knowledge retention, and eventually better results.
The prospect of cutting-edge, customizable solutions tailored for specific training environments is exceptionally efficient and effective. The onset of technology has its pros and cons. While access to specialized information has increased, distractions are on the rise too. VRXOne’s Immersive Education Program helps raise the bar on classroom learning and consequently brings back lost attention to classrooms.
The bottom line is that Immersive learning presents a medium that makes learning an enjoyable process, rather than a cumbersome one. The ingenious experiences help students understand intricate concepts easily and also promote the practical industry-level applications of theoretical knowledge.

SPECIFIC INSTANCES OF THE USEFULNESS OF IMMERSIVE LEARNING

1. BRINGING LESSONS TO LIFE WITH GOOGLE EXPEDITIONS

Google set out to make the impossible possible: Assimilate all the world's information and present it on a single platform. Google Expeditions is the result. This project successfully impacted the lives of over 8 million students.

Expeditions aid teachers teach better by spiking curiosity in students about lessons that are otherwise perceived as boring.

The ambition is to leverage this groundwork that Google has laid for the future of education. The aim is to make Google Expedition accessible to millions of students by providing a comprehensive program in classrooms. And has successfully reached the dream figure of 1,000,000 VR expeditions for students in the Middle East.

“VRXOne equips learning with the scorching power of VRAR and rich in value content curated by the leading scholars.”

As VRXOne is the official Google Expeditions partner (in the regions of the Middle East, Africa, and the Sub Continent), this premium and copyrighted content that Google offers is now provided as a first-hand experience to a myriad of schools. Another fascinating feature is the ability to create virtual field trips wherein students can get transported to all kinds of new locations for learning and exploration – be it the Himalayas or the coronary artery of the human heart.

2. TARGETING SPECIAL EDUCATION NEEDS: EVERYBODY DESERVES PREMIUM EDUCATION

Students with intellectual or cognitive disabilities often struggle with communication, focus, and concentration. Fortunately, Immersive Learning is here to turn the tables around.
VR helps create safe environments for students with special needs to improve instrumental motor and intellectual skills. This is the most noteworthy capability of Immersive Learning: Make education accessible to everybody willing to learn.

“The onset of Virtual Reality (VR) means that high-quality education is no longer a luxury that students with special needs can only crave after.”

All in all, VR helps special students to focus on individual abilities, strengths, and learning preferences that would be otherwise be hindered in the case of conventional educational systems. The result is a surge in self-confidence and self-esteem – both of which tend to take a hit when students feel bogged down by their disabilities.
Moreover, the happiness that these students feel thanks to the intervention of VR is just indescribable. What once seemed impossible is now very much possible through 4IR technology like Extended Reality.

3. SPACE VIRTUAL TRAVEL TO MARS ISN’T A DREAM ANYMORE

Well, Immersive Learning helps conduct VR Field Trips to Mars: Something that still seems surreal but is possible. This makes the study of space and astrophysics so much more exciting and engaging. VRXOne joined hands UAE schools to host virtual reality trips to Space, including the Red Planet.

“The giant red planet of Mars is suddenly within grasp, thanks to the virtual reality stardom”

Additionally, VRXOne is also prepping up the young minds of UAE to get up to speed with the covetous Mars Mission featuring the Hope Probe set to reach orbit in 2021.

4. FOSTERING STUDENTS FOR THE BUZZING EXPO 2020

The Expo 2020 is the grand stage for all different kinds of scintillating technology, and VRXOne aims to increase the exposure of Dubai students to connect better with millions of students worldwide.
Consequently, students will plan VR based journeys to better appreciate the essence of the massive technology extravaganza that Expo 2020 is all about.

IT’S TIME TO REACH OUT TO THE WORLD

VRXOne is aggressively expanding worldwide to help students and teachers harness the ground-breaking innovation of Immersive Learning.
The new target regions are interesting choices for a variety of reasons:

– India is home to the world’s third-largest education system and is a perfect platform to pitch the revolutionizing technology of Immersive Learning and popularize it.
– Egypt welcomes technological advancements into their schooling system. Interestingly, the demand for education is impressive due to the steady population growth. This country has regularly acknowledged education as the sole means of economic and social mobility. Additionally, the culture of embracing change and wanting to evolve will undoubtedly foster the sophisticated onset of Immersive Learning.
– Oman places high emphasis on accessibility to education as all three levels of school are free of charge. This realization of the essence of education will definitely welcome Immersive Learning to improve the teaching and learning efficiencies of schools.
– Pakistan’s constitution has a unique law that provides free and compulsory education to all children between the ages of 5-16 years. This nation is consistently endeavoring to achieve greater success in the education frontier. Spreading awareness about the potential of Immersive Learning could define a whole new perspective to education.

The underlying objective behind this expansion is subtle and crisp: Educate educators to improve the learning experience using immersive learning.

“The geographical expansion to other countries of the Middle East and prominent countries of Asia is bound to exponentially increase the popularity of XR in the field of education.”

This isn’t the first expansion opportunity that VRXOne has had.

Here’s Dr. Sana Farid on the expansion to Nigeria earlier this year: “Immersive education counters the systematic barriers that impede the application of effective education strategy in Nigeria and opens up new horizons for enabling sustained access to quality education."

Nigeria faces an acute shortage of teaching workforce, and VRXOne looks to expand training and empowerment opportunities for the teachers in Nigeria.

IMMERSIVE LEARNING: A DISRUPTIVE EQUALIZER FOR EDUCATION

The benefits of Immersive Learning are immense, and the consequent impact on the education system is magnificent, not to mention making education accessible to slum schools and refugee schools.

Students are learning and assimilating complex concepts with ease. Moreover, when students combine their learning potential by connecting with other participants of Immersive Learning platforms, great value is added to everybody.

The future is here in the form of Immersive Education, and this is certainly a giant stride towards ensuring Education Equality.

If you are interested to explore the prospective franchisee or distributors opportunities in your region please send your inquiries at partners@munfarid.org

Hiba Farid
Munfarid
+971 55 361 3645
email us here

An Immersive Learning Session with Google Expeditions by Mark Adkins


Source: EIN Presswire

Luke Zakka Explains 3 Benefits of Cloud Computing for Business

Luke Zakka of Greenwich

NEW YORK, NEW YORK, UNITED STATES, December 30, 2019 /EINPresswire.com/ — Technology is integral to modern business. Whether you run a start-up or small firm or a Fortune 500 company, you and your staff likely rely on tech solutions for various tasks throughout the day. As technology becomes more integrated into daily life, a solution is needed to enhance and streamline security and storage. That solution is the cloud. The cloud consists of several services and functions, and its particular applications depend on your needs and the provider you work with. Whatever iteration of the cloud you use, there’s no doubt it can be a tremendous boon to your business. Luke Zakka, a Greenwich resident and DevOps Consultant at Amazon Web Services, works to help businesses increase agility, automation, security, and efficiency while reducing complexity and costs. He does this in part through moving companies to the cloud.

Throughout the years, he has witnessed firsthand the benefits of cloud computing for businesses of all sizes. Here are three of the most significant.

3 Reasons to Use the Cloud for Business

1) Cut Costs
Traditional servers can be expensive. The equipment can be costly up-front, plus it requires personnel and power to stay running. Cloud-based computing and web-based applications, on the other hand, involve storing data off-site. This means there’s little up-front cost, as you don’t need to purchase new equipment. Furthermore, your cloud provider likely has unlimited storage capacity, providing you with the option to pay only for what you use.

2) Boost Security & Performance
Data on the cloud is stored at a server farm managed by personnel who closely monitor the health and performance of all hardware and software, ensuring all is secure and running smoothly. Also, if your office computer malfunctions, data that would typically be lost will still be safe on the cloud. Most cloud service providers offer automatic software updates and round-the-clock security monitoring as well.

3) Flexibility
With an increasing number of businesses and entrepreneurs embracing remote work, being able to access data remotely is a huge plus. With cloud computing, you can securely access data from just about anywhere in the world. This is fantastic for collaborations between people at different locations as well.

More on Luke Zakka Greenwich

Luke Zakka started his career building out the technology infrastructure necessary to support manufacturing plants. In these formative years, he learned what it took to be a leader and to drive initiatives for a burgeoning business. As Amazon Web Services (AWS) began to shift services to the cloud and embrace free and open-source software, Luke Zakka’s focus shifted. He worked with the American Kennel Club to support an IoT dog collar powered by the cloud and then assumed a leadership role at RiskMatch, a data analytics company. At present, Luke Zakka lives in Greenwich and works as a DevOps consultant for Amazon Web Services, driving business and technology outcomes for Fortune 100 companies.

Connect with Luke Zakka on social media here: https://www.linkedin.com/in/lukezakka/ https://www.instagram.com/lukezed4/
http://github.com/zululee/
contact@lukezakka.com

Caroline Hunter
Web Presence, LLC
+1 7862338220
email us here


Source: EIN Presswire

Stuart Hankin of Hankin Homes Produces Houses For The Future With Its Multi-Generational Five Bedroom Floor Plans

Stuart Hankin of Hankin Homes

PALM BEACH GARDENS, FL, UNITED STATES, December 30, 2019 /EINPresswire.com/ — Hankin Homes is a real estate company in Florida that values family and home life.

Stuart Hankin has always wanted to construct mindful homes. His determination is why he graduated from Cornell University. Stuart earned his Bachelor's Degree in Operations and Information Engineering.

Today, Stuart Hankin, the owner of Hankin Homes, travels across the US buying properties. Stuart Hankin’s mission is to create money-saving opportunities for families and communities.

Hankin Homes produces houses that are cost-effective, modern, and practical for all.

People treasure the moments they spend with grandparents, children, and grandchildren. This is what makes up a multi-generational family.

Stuart Hankin recognizes the benefits of incorporating more extensive floor plans. He was then able to build the "homes of the future."

Every family, no matter their background, status, or generation, has the right to live in a home; and to do so comfortably.

Stuart Hankin's goal is to support cost-effective housing for all families. With this in mind, Hankin Homes builds multi-generational houses with five-bedroom floor plans.

Hankin Homes offers families more significant places to live and the opportunity to unite. Families can also choose to combine their finances to conserve money.

Each generation can be a contributor. Family members can put funds towards a house where everyone can live – Including great-grandparents, parents, children, and great-grandchildren.

Space no longer needs to be an issue, either. Multi-generations do not have to live in separate houses or together in cramped ones.

Stuart Hankin of Hankin Homes is all about bringing family members and generations together.

The company's "homes of the future," can also be passed down from one generation to the next. These new homes turn houses into a real long-term investment.

Let the time spent with family be an everyday occurrence. Stop leaving these moments to only be once a year or a holiday experience.

With Hankin Homes, grandparents can watch grandchildren grow up right before their eyes. They can spend time making memories and sharing stories about the past.

Now, families can work together towards building a happy future for every generation.

Learn more about Stuart Hankin and Hankin Homes by visiting the Website:
https://www.hankinhomes.com/

Caroline Hunter
Web Presence, LLC
+1 7862338220
email us here


Source: EIN Presswire

James Weatherstone Explains How to Choose a Skilled Nursing Facility

James Weatherstone

HUDSON VALLEY, NY, UNITED STATES, December 30, 2019 /EINPresswire.com/ — At some point, you may find it’s no longer safe or healthy for you or an elderly loved one to continue living at home. In this situation, a skilled nursing facility may be an optimal choice, particularly if the person in need of assistance has a medical condition that requires daily care or observation. Licensed Master Social Worker James Weatherstone, who has a decades-long career in the medical field, including several years as the director of a skilled nursing facility, offers four tips for choosing the right facility for your family’s needs.

4 Steps for Choosing a Skilled Nursing Facility

Make a List of Priorities

Before you ask for recommendations or search for facilities in your area, make a list of priorities. For instance, you may want a facility close to friends and family to make visiting easier. Alternatively, you may want a faith-based facility. You or your loved one’s medical needs will also factor in. For instance, if your loved one has Alzheimer’s or dementia, it’s important to choose a facility with specialized dementia care. If you require hospice care, make sure the facility you choose offers this.

Get Recommendations & Reviews

Ask friends, family members, and your medical care providers for recommendations, James Weatherstone advises. The best way to get an authentic look at what a facility is like on the inside is by speaking with those who have first-hand experience. You can also cross-check personal referrals with online reviews to get a broader sense of a facility’s reputation.

Take Tours

Once you’ve narrowed down your list of prospects, schedule times to tour each facility. When you visit, ask if the facility has Medicare and Medicaid certification. Also, check for handicap accessibility, including ramps, guard rails, and grab bars, as well as emergency call buttons. Observe the interactions between staff and residents and see if residents appear happy and well-cared-for, James Weatherstone suggests. Patients should have dietician-approved meals and around-the-clock medical care, as well as access to social and stimulative activities like game and movie nights, book clubs, or exercise classes.

Consider Independence

Many people are reluctant to move to a skilled nursing facility because they fear losing independence and a sense of personal identity, says James Weatherstone. This is a valid concern and some skilled nursing facilities do a better job than others at preserving and respecting patients’ independence and autonomy as much as the patients’ condition allows. While many people in need of skilled nursing care cannot do all of the things they used to, a good nursing facility should encourage residents to make their own decisions as long as they are mentally able. This includes, for example, deciding what to have for dinner, or what classes and activities to participate in, as well as their bed and wake up times. Older adults who maintain some independence tend to be happier and healthier, James Weatherstone said.

More on James Weatherstone

Based in Hudson Valley, New York, James Weatherstone has held several social work-related posts over the years, including Director of Social Services at Campbell Hall Rehabilitation Center Inc., also known as Campbell Hall Senior Center, a facility with over 100 residences. Prior to this, he was also a paid social work intern with the Veterans Administration. In his years in the field, James Weatherstone was highly-regarded by coworkers, administrators, and patients. His compassion and expertise, as well as his strong work ethic, were recognized throughout the Hudson Valley mental health community.

Today, although James Weatherstone has moved on from his post at Campbell Hall Rehabilitation Center, he continues to advocate for mental health awareness and better social services for patients and their families.

To learn more about James Weatherstone, his credentials, and career, visit https://www.linkedin.com/in/james-weatherstone-86189b98/.

Caroline Hunter
Web Presence, LLC
+1 7862338220
email us here


Source: EIN Presswire

Torino Capital anuncia la inclusión a la firma de Rodrigo Espirito Santo como Director Gerente y Jefe de Ventas

NEW YORK CITY, NY, UNITED STATES, December 30, 2019 /EINPresswire.com/ — Torino Capital anuncia la inclusión de Rodrigo Espirito Santo a su equipo para este trimestre de 2019 como Director Gerente y Jefe de Ventas.

Durante 25 años, Rodrigo ha proporcionado valiosos conocimientos y perspectivas a los inversionistas en los mercados emergentes de renta fija, Forex, tasas locales, derivados, productos estructurados y espacio alternativo.

Rodrigo ha desarrollado durante su carrera exitosos negocios de distribución de ingresos fijos en mercados emergentes para actores del mercado como Paribas, UBS, Commerzbank y Credit Agricole. También fue responsable de ejecutar el desarrollo clave de Santander LatAm FX y de los mercados locales antes de unirse a BBVA, donde se desempeñó como Director y Jefe de Ventas.

Además de tener un MBA de Colombia Business School y una Licenciatura en Economía y Negocios de Lafayette College, habla portugués y español con fluidez.

Su amplia experiencia en mercados emergentes será de gran valor nuestros clientes y ayudará a fortalecer los intereses comerciales de Torino en la región.

Brasil es uno de los países sudamericanos emergentes con mayor Producto Interno Bruto (PIB) de la región y con una gran diversificación en sus exportaciones, que viene recuperándose de la crisis económica del 2015-2016, con un crecimiento de alrededor del 1,1% para los años 2017 y 2018. El Fondo Monetario Internacional pronostica que la economía brasileña crecerá a un ritmo del 0,9%, 2% y 2,3% para los años 2019, 2020 y 2021, respectivamente.

Por su parte, el país brasileño ha generado confianza y ha establecido una política monetaria acomodaticia al crecimiento económico del país, con una tasa de inflación que se mantiene baja y se pronostica que se ubique por debajo de la meta planteada por el Banco Central del 4,5% para el cierre del año. En relación al déficit fiscal, el gobierno se encuentra en un proceso de reformas para reducir el gasto, el cual se ha visto a la baja para lo que va en el año en curso.

El crecimiento del país se puede evidenciar también en el crecimiento que ha reflejado el índice de Bovespa para el 2019, del 25% aproximado en lo que va del año, siendo un buen indicativo para cotizar en la bolsa del país, específicamente en aquellos instrumentos que generen un rendimiento mayor a la tasa de Selic. Cabe destacar que, esta tasa de interés básica se ha venido ajustando a la baja por parte del Banco Central, esto permitirá reducir los costos de los préstamos, y con ello, estimular el consumo y la apertura del sector externo, estimulando la economía brasileña para los próximos años.

Por otra parte, los sectores económicos se pronostican que crezcan para el año 2020, 3% en el caso del sector de la agricultura, según la Confederación de Agricultura y Ganadería de Brasil y en un 2,30% el sector industrial, según FOCUS. En el caso del sector petrolero, se espera que con las licitaciones sobre la cesión de petróleo y gas se generen mayores recaudaciones por parte del gobierno.

Fabiano Borsato
Torino Capital LLC
+1 212-661-2400
email us here


Source: EIN Presswire

Torino Capital announces the addition of Rodrigo Espirito Santo to its team as Managing Director and Head of Sales

NEW YORK CITY, NEW YORK, UNITED STATES, December 30, 2019 /EINPresswire.com/ — Torino Capital announces the addition of Rodrigo Espirito Santo to its team this quarter of 2019 as Managing Director and Head of Sales.

For over 25 years Rodrigo has been providing valuable insights and perspectives to investors in the emerging markets fixed income, FX, local rates, derivatives, structured products, and alternatives space.

During his career, Rodrigo developed successful emerging markets fixed income distribution businesses for market players such as Paribas, UBS, Commerzbank, and Credit Agricole. He was also responsible for executing Santander’s key LatAm FX and local markets business build-out before moving to BBVA, where he became Director and Head of Sales.

Rodrigo holds an MBA from Colombia Business School and a BA in Economics and Business from Lafayette College and is a fluent Portuguese and Spanish speaker.

His extensive emerging markets experience will be of great value to the firm’s clients and in helping Torino grow its business interests in the region.

Brazil is one of the emerging South American countries with the highest Gross Domestic Product (GDP) in the region and with a significant diversification in its exports, which has been recovering from the economic crisis of 2015-2016, with a growth of around 1.1% for the years 2017 and 2018. The International Monetary Fund forecasts that the Brazilian economy will grow at a rate of 0.9%, 2% and 2.3% for the years 2019, 2020 and 2021, respectively.

For its part, the Brazilian country has generated confidence and established an accommodating monetary policy for economic growth of the country, with an inflation rate that remains low and is predicted to be below the target set by the Central Bank of 4,5% for the end of the year. Concerning the fiscal deficit, the government is in the process of reforms to reduce spending, which has been down for the current year.

The country's growth can also be evidenced in the growth reflected by the Bovespa index for 2019, of approximately 25% so far this year. This is an excellent opportunity to consider listing on the country's stock market, specifically in those instruments that generate a higher yield than the Selic rate. It should be noted that this basic interest rate has been adjusted downwards by the Central Bank, and this will reduce the costs of the loans, and thereby stimulate consumption and the opening of the external sector, encouraging the Brazilian economy in the next years.

Also noteworthy is that, the economic sectors are forecast to grow in 2020, by 3% in the case of the agriculture sector, according to the Confederation of Agriculture and Livestock of Brazil and 2.30% in the industrial sector, according to FOCUS. In the case of the oil sector, it expected that with the tenders on the transfer of oil and gas, higher revenues will be generated by the government.

Fabiano Borsato
Torino Capital LLC
+1 212-661-2400
email us here


Source: EIN Presswire

IBG set to enter France as AMF loosen regulations further

LOS ANGELES, USA, December 30, 2019 /EINPresswire.com/ —
Leading digital asset management company, Inter Blockchain Group (IBG) had released a statement earlier citing its decision to put up application to the Financial Markets Authority, Autorité des marchés financiers (AMF) after the AMF published new rules and guidelines last week with regards to the licensing of digital asset service providers (DASPs).

The application procedure as stated on the published guideline is for the DASPs that are interested in applying to submit a two-year business plan, a list of digital assets the firm will be servicing, the list of geographies the firm will operate in and the firm’s organizational chart among other documents.

In addition, the AMF notes the security risks that blockchain poses. All applying firms are required to denounce the firm's detailed cybersecurity practices and program that will reduce risks and are compliant with Europe’s general data protection regulation to the authority.

The applying firms are also required to have professional indemnity insurance or a minimum amount of reserve funds, at least one effective senior manager, secure IT systems, an internal control system, claims handling procedure, an organization enabling it to avoid conflicts of interests and procedures to prevent money laundering and terrorist financing.

The rules and guidelines expand upon France’s PACTE law, one of the first crypto legislative packages passed in Europe. PACTE passed in May 2019.
The term cryptocurrency first appeared 10 years ago where Bitcoin first surfaced. Crypto developer hopes to come up with a method of money transfer that is suitable for this new internet era, but the huge volatility in the prices of cryptocurrencies becomes a factor to major financial institutes and investors. However, this is gradually changing as cryptocurrencies technology is improving.

“The demand for IBG's digital asset custody and related trade services is limitless, and we are expanding our business scope to conduct business in various fields to support the industry in the long run.” explained Mr. Harris White, CEO of IBG.

IBG had set its sight in globalizing its services across the world. The penetration into the France market will definitely be a huge stepping stone for IBG and aid in the expansion of its business into the Europe region, achieving the company’s vision and goal in this new digital age.

Sean Riff
Global News&Media
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Source: EIN Presswire