first_imgThe Committee cited evidence from the Irish Farmers’ Association president John Bryan who said own-brands make it “way too easy for the retailer to substitute”.He cited problems associated with liquid milk, telling the committee: “Retailers have allowed so much of a differentiation between the own-brand and branded products.“That is a strategic move by retailers, so effectively the percentage of own-brand is increasing all the time. The margin left for a processor to pay back the farmer is being diminished.”The National Milk Agency told the committee that own-brand products “impact adversely on the returns to producers and processors.”In its report, the committee noted that grocery prices were 38 per cent above the EU average in 2008 and 62 per cent more expensive than in the UK.It pointed out that one of the main reasons for this was the “major resistance by consumers to own-brand products and a major adherence to established brands”, noting the “stigma” attached to retailers such as Lidl and Aldi when they first entered the Irish market.However, the committee noted over the past two years that food prices in Ireland have dropped to the current rate of 18 per cent above the European average, but it said that this is “still too high”.Read: Call for below-cost selling of milk and bread to be bannedRead: Government deal to implement minimum alcohol pricing welcomed TDS AND SENATORS have sharply criticised the use of own-brand products by retailers, claiming that it allows them to “bully suppliers” and gives them too much power.In a report on the grocery sector published yesterday the Oireachtas Agriculture, Food and Marine Committee expressed “serious concerns” about the growing use of own-brand products by retailers.It noted that there has been a big increase in consumers purchasing own-brand products as “the stigma” associated with them “slowly evaporates and consumers search for value”.But it said that the increasing sale and supply of such products forces suppliers to reduce their prices or else face losing the retailers’ business to other suppliers.“On the one hand there can be little doubt that their use has helped to drive the price of goods down, especially in the very recent past, as consumers have grown accustomed to what are, largely, goods of relative high quality,” the Committee’s report said.“However, the dark side is that own brand products are allowing retailers to bully suppliers by threatening to move suppliers, an act which is very easy for them. This puts serious pressure on suppliers and drives downward of the supply price leading to a larger profit margin for the retailer.”last_img

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first_imgSlow Food for babies and toddlers Sunday February 1 at the Hunt Museum from 3pmSlow food Limerick and region AGM reminder: Sign up for the weekly Limerick Post newsletter Sign Up Slow Food Limerick & Region AGM is on Saturday February 7, at 3pm in the drawing room of the new Number One Pery Square Hotel. At the AGM, leadership and committee member positions are open to interested parties.Anyone interested in going forward for a position should nominate themselves in advance through email ([email protected]). The chapter is looking forward to seeing you at the AGM and also to seeing new involvement with organising educational, gourmet and cultural events celebrating artisan and good food locally. Slow food Limerick and region Gourmet dinner reminder: Slow Food Gourmet Dinner: Cornstore Limerick, Wednesday February 25, 7.30pmBookings are being taken by Chris or Dave at the Cornstore on 061 609000, or by email at [email protected] Twitter WhatsApp Facebook Linkedin Emailcenter_img Print NewsSlow food news and remindersBy admin – January 30, 2009 538 Advertisement Previous articleSticky coffee browniesNext articleWeekly crime update adminlast_img

first_img Pinterest WhatsApp GOOD NEWS: Atmos Energy delivers thousands of meals to healthcare heroes Through its Fueling Safe and Thriving Communities program, Atmos Energy partnered with local restaurants across its 1,400 communities to deliver $175,000 in meals to healthcare workers during National Hospital Week (May 9-15).“We are thankful for the selfless efforts of healthcare professionals to protect and care for our communities,” Brandi Price, Atmos Energy vice president of public affairs, said. “National Hospital Week is a fantastic opportunity to honor and thank our hometown heroes and support local restaurants.”Established by the American Hospital Association, National Hospital Week is an opportunity to highlight hospitals, health systems, health care workers, and the innovative ways they support their communities, especially during this pandemic. Twitter Pinterest Twitter By OA Life – May 22, 2021 center_img Facebook Facebook WhatsApp Local News TAGSAtmos EnergyFueling Safe and Thriving Communitieshealthcare workers Previous articleHarmony hosts virtual job fairNext articleGOOD NEWS: The Breast Center recognized for excellence OA Lifelast_img

first_imgMortgage debt hit a record $15.8 trillion in Q3 2019, according to data from LearnBonds.com. According to the data, this is the highest amount since the 2008 economic crisis which stood at $14.7 trillion.The home mortgage sector rates showed a steady decline in recent years to hit a low of $13.3 trillion in the third quarter of 2013, and from the 2013 Q3, the debt has increased in a steady trajectory to hit the latest figures recorded in 2019. From the data, there was $401 billion in newly originated mortgage debt in 2018 Q4.“Generally, the mortgage is among the largest component of household debt across the United States,” LearnBonds notes. “However, the mortgage rates have been low since the last quarter of 2018. The Federal Reserve Bank resorted to lowering the rates in the wake of trade uncertainty which affected the global economic growth.”Additionally, debt-to-income (DTI) ratios are on the decline, loan-to-value (LTV) ratios are on the rise, and average credit scores for conventional conforming home loans ticked up as of Q3 2019, according to data from CoreLogic.The average DTI for conventional conforming loans was 36% for Q3 2019, down one point from a year earlier. CoreLogic noted that this shift may be a result of a “relaxing of affordability pressures” as mortgage rates eased in 2019.Mortgage rates declined over the first three quarters of the year and were down 1 percentage point on an annual basis in the third quarter of the year.CoreLogic noted that “credit-risk attributes of borrowers have shown dramatic variation in the last 20 years,” but that while DTI and LTV ratios have relaxed overall, “there has been no change in credit score standards.”Also, the high DTI and LTV loans tend to be fully documented “and thus are different than the pre-housing crash high DTI and LTV loans,” many of which were low or no-documentation loans.Over the past few years, new policies loosening credit standards for the GSEs have helped push average DTI and LTV ratios up for conventional conforming home loans.  Print This Post Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. in Daily Dose, Featured, Market Studies, News Related Articles About Author: Seth Welborn Home / Daily Dose / Mortgage Debt Hits New Highs Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: HUD: Affirmatively Furthering Fair Housing Rule ‘Ineffective’ Next: Mortgage Relief Scam Defendants to Pay $18.5M Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage Debt Hits New Highs Crisis debt Income mortgage 2020-01-07 Seth Welborncenter_img Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago January 7, 2020 1,657 Views Tagged with: Crisis debt Income mortgage The Best Markets For Residential Property Investors 2 days agolast_img

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