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A kiss is just a kiss … unless youre at Newark Airport

first_imgA ‘hopeless romantic’ sparked a massive security scare last Sunday when he ducked past security to kiss his girlfriend goodbye at Newark Liberty International Airport. Newark International went on high alert, with huge delays for passengers, when the man who has been identified as 28-year old student Haisong Jiang entered a “sterile” zone reserved for passengers. Jiang was caught on video surveillance as he passed under a rope barrier and walked hand in hand with his girlfriend toward the boarding area. Authorities in New Jersey had to undertake an intensive man hunt to track down Mr Jiang, who is studying for a doctoral degree in molecular biosciences at Rutgers university, after he left the airport.When they finally tracked him down, he wasn’t even home. He was at the gym. However, the Port Authority has confirmed that Jiang has since been arrested and he will be charged with defiant trespass.Jiang is due in court next week and could face a fine of up to $500. <a href=”http://www.etbtravelnews.global/click/296b6/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Source = e-Travel Blackboard: C.Flast_img read more

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QantasLink SydneyGladstone expand regional operations

first_imgSource = e-Travel Blackboard: P.T QantasLink will begin flying direct between Sydney and Gladstone, Queensland from March 2013 and plan to increase their regional NSW services.The new route will operate eight return flights per week – including twice daily on Mondays, Thursdays and Fridays – providing an additional 1,200 seats per week.Qantas Domestic chief executive Lyell Strambi said the new route has been added in support of the growing corporate consumer market.“QantasLink will now service six ports directly from Gladstone – Sydney, Brisbane, Mackay, Rockhampton, Townsville and Cairns,” Mr Strambi said.Qantas’ regional carrier also highlighted an expansion of its NSW services.QantasLink’s Dubbo route will upgrade to a larger aircraft, adding 384 extra seats each week.The airline’s Port Macquarie, Albury and Wagga Wagga service will also receive upgrades and additional capacity.last_img read more

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Jetstars Dreamliner destined for Bali

first_imgJetstar will take delivery of a further two Dreamliners later this year. Jetstar’s new Boeing 787 Dreamliner will begin international services on the Melbourne-Bali route from mid-December. Source = ETB News: P.T. “The 787, like any new aircraft, has had a number of teething problems with its introduction… but it’s actually had a smoother introduction than the 777,” Qantas chief executive Alan Joyce said. Following a five-year delay, Jetstar’s first Dreamliner touched down in Melbourne this week, the Sydney Morning Herald reported. The Qantas subsidiary will eventually replace its Airbus A330 fleet with the 14 ordered Dreamliners. The 787-8 aircraft will initially be utilised on domestic routes between Melbourne the Gold Coast and Cairns over the next four weeks, before switching to the Bali service on 18 December 2013.last_img read more

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Australian outbound travel inbound tourism up

first_imgAccording to the ABITRE, the top ten international carriers, and their share of passengers carried were:   According to figures released by the Australian Bureau of Statistics, based on its trend estimates, there were 741,700 movements out of Australia in September, which reflected a slight gain on departures for August (0.2%) and continued the upwards trend from July (0.7%).    There were 542,400 movements into Australia for the month following a monthly increase of 0.8% in July, the ABS revealed. Conversely, the trend estimate for short-term arrivals during September was 4.9 percent higher than in September 2012.  Meanwhile, a report by Australia’s Bureau of Infrastructure, Transport and Regional Economics has shown international air traffic to/from Australia in August 2013 grew by 9.4 percent (year-on-year), with passenger numbers totaling 2.6 million.  The number of short-term resident departures from Australia in September was a healthy 8.1 percent higher than departure numbers during the same month last year.  Total flights were up by 6.8 percent (to 14,403) while available seats rose by 7.4 percent (to 3.6 million). Qantas: 16.6%, -0.5 pptEmirates: 9.1%, +1.0 pptsSingapore Airlines: 8.7%, +0.1 pptVirgin Australia: 8.5%, -0.2 pptAir New Zealand: 7.7%, -0.5 pptJetstar: 7.4%, -1.3 pptCathay Pacific: 4.6%, -0.3 pptMalaysia Airlines: 4.2%, +0.7 pptAirAsia: X: 3.4%, +0.6 pptThai Airways: 3.3%, -0.2 ppt Source = ETB News: M.H.last_img read more

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London experiences boom in budget hotel growth as developments move Ea

first_imgLondon & Partners London experiences boom in budget hotel growth as developments move EastLondon experiences boom in budget hotel growth as developments move EastMore than half of the 18,000 hotel rooms that have opened in London since 2012 have been in the budget sector, while 33 per cent of the 7,000 rooms due for completion this year will be in the same sector. The ‘London Hotel Development Monitor’, which is launched today, shows that low-cost hotels now make up 20 per cent of the total room stock across the city.Traditionally investment in hotels in London has focused around central areas, however, today’s report by property consultant JLL and London & Partners, the Mayor of London’s promotional company, shows that high rents and values in the West End are leading to the expansion of traditional boundaries.New infrastructure improvements and a booming digital economy has created a “Knowledge Corridor” that stretches from Bloomsbury to Paddington, taking in Fitzrovia and North of Oxford Street.  Hotel activity is increasing as these areas grow, with Premier Inn opening another hotel on Tottenham Court Road this year and US-based hotel operator Standard International opening its first hotel in 2018 in the former Camden Town Hall.Shoreditch has also become a hotspot for hotel development due to building availability and lower costs compared to more central locations with new hotels including Z Hotels and Nobu Hotel Shoreditch opening up. During 2016, a further 800 rooms are expected to be added to the area.The report shows that London dominates investment across Europe’s hotel sector with the capital attracting 36 per cent of total investment.Gordon Innes, Chief Executive of London & Partners said: “The hotel industry is a vital part of London’s booming tourism economy, which is now worth 36 billion pounds and supports hundreds of thousands of jobs, many of which are widely accessible. As more and more visitors come and explore our great city, it’s encouraging to see the hotel sector growing and bringing exciting new developments to visitors.”Graham Craggs, Managing Director in JLL’s Hotels & Hospitality Group, commented: “2015 was an exceptionally strong year in terms of hotel transactions in London. Activity will remain high in 2016 and we expect the trend will shift towards single asset transactions. Underlying market fundamentals continue to be positive and the outlook for hotel performance in London is good.”The GLA 2015 London plan seeks to achieve 40,000 net additional hotel rooms by 2036. New hotel development is being encouraged within the City of London, Westminster, the Eastern edge of the Royal Borough of Kensington & Chelsea (RBKC), Southern parts of Camden, Islington, the ‘city fringe’ edges of Hackney and Tower Hamlets; and the Northern parts of Southwark, Lambeth and Wandsworth.About London & PartnersLondon & Partners is the official promotional company for London. We promote London and attract businesses, events, congresses, students and visitors to the capital. Our aims are to build London’s international reputation and to attract investment and visitor spend, which create jobs and growth.London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and our network of commercial partners.London & Partners is the official promotional company for London. We promote London and attract businesses, events, congresses, students and visitors to the capital. Our aims are to build London’s international reputation and to attract investment and visitor spend, which create jobs and growth. London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and our network of commercial partners.London & Partners Limited is registered in England and Wales under No: 7493460. Registered office 6th Floor, 2 More London Riverside, London SE1 2RRThis email and the information it contains are confidential. If you have received this email in error please notify us immediately. Whilst every effort has been made to ensure the accuracy of the information contained in this email, London & Partners does not guarantee its accuracy or that factual errors have not occurred. Except where this email is sent in the usual course of business, the views expressed in this email are those of the sender. London & Partners accepts no responsibility for any indirect damage or loss suffered by reason of inaccuracy or incorrectness of the information in this email.For full details of our privacy policy please click here www.londonandpartners.com/about-us/privacy Source = London & Partnerslast_img read more

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Dream Hotel Group Signs Third Location in Thailand

first_imgDream Hotel Group Signs Third Location in ThailandDream Hotel Group Signs Third Location in ThailandDream Hotel Group today announced its third location in Thailand with the ceremonial signing of Dream Resort and Spa Na Jomtien Pattaya in partnership with Wise Power Land Co. Ltd. The 200-key resort hotel is located on the stunning white, sandy beaches of the Gulf of Thailand, just a 90-minute drive from Bangkok and Suvarnabhumi Airport, 15 minutes from the Utapao International Airport and home to a thriving resort community with more than 9 million visitors every year, including local holiday makers and international travelers from Russia, China and Europe.Slated to open in August 2018, Dream Resort and Spa Na Jomtien Pattaya features 200 ocean view villas, rooms and suites and multiple dining and nightlife venues, including a specialty rooftop bistro, sunset bar and signature Dream Sky Bar, as well as a 12000 sqft wellness spa and fitness center, and VIP access to the hotel’s 27-meter yacht for private excursions.“I’ve been in the luxury hotel and real estate business all my life,” said Eric Lai, Chairman, Wise Power Land Co. Ltd. “I am pleased to partner with Dream in bringing its leading edge lifestyle brands to Thailand’s rapidly growing eastern seaboard and look forward to taking resort luxury here to a new level here in my homeland.”“Eric Lai is a true innovator in resort and leisure real estate and we look forward to a long association with him in the years to come,” added Kevin Wallace, Managing Director, Asia Pacific, Dream Hotel Group.Dream Resort and Spa Na Jomtien Pattaya marks the third location in Dream Hotel Group’s ever expanding Asia Pacific portfolio, joining Dream Bangkok and Dream Phuket Hotel and Spa.Dream Hotel Group plans to open more than 30 hotels and resorts worldwide across all its brands – Dream, Time, The Chatwal and Unscripted – over the next four years, continuing to solidify its burgeoning portfolio worldwide.About Dream Hotel GroupDream Hotel Group is a hotel brand and management company with a rich, 30-year history of managing properties in some of the world’s most highly competitive hotel environments. Home to its Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels brands, Dream Hotel Group encompasses three business lines: Proprietary Brands, Hotel Management and Dining & Nightlife. The Company is committed to the philosophy that forward-thinking design, service and guest experiences should be available across market segments. Dream Hotel Group is dedicated to offering travelers an authentic connection to their chosen destination through a truly original approach. www.dreamhotelgroup.comSource = Dream Hotel Grouplast_img read more

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Aruba to get more tourists with Enrique Iglesias visit

first_imgMusic superstar Enrique Iglesias will be headlining the Aruba Summer Music Festival in its second-ever edition in June.The event, to be held from June 24-26, will feature Latin stars Gente de Zona, Wisin, Chino y Nacho and Tito Nieves.Otmar Oduber, Aruba’s Minister of Tourism, Transportation, Primary Sector and Culture, remarked, “We’re excited to welcome visitors to this year’s festival, while showcasing popular artists on one of the largest stages in the Caribbean. This event continues to be an integral part of our coveted Aruban culture, attracting more than 10,000 local and international guests last year.”The festival will be hosted at the Harbour Arena in the downtown area of Oranjestad.“Aruba is honoured to have Enrique Iglesias visit our island, as his performances are loved by all. We are looking forward to an exhilarating festival for all our international visitors who will be attending the Aruba Summer Music Festival from more than 20 countries,” said Ronella Tjin Asjoe-Croes, CEO of the Aruba Tourism Authority.last_img read more

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Australia welcomes record arrivals from India

first_imgTourism Australia’s arrival statistics for May 2016 revealed the highest ever visitation in any given month from India to Australia. 27,400 tourists from India visited Australia during the peak school holiday period, an increase of 18% vis-à-vis May 2015, signifying Australia’s rising popularity as a leisure holiday destination amongst outbound Indian travellers.Total arrivals for the year ended May 2016 were recorded at 238,000, an increase of eight percent relative to the same period last year, making India the 9th largest inbound market for arrivals to Australia. A majority of Indian tourists (67%) visited Australia for the purpose of leisure. The average spend for Indian visitors increased by 10% to A$ 5,215. In addition, the average length of stay for all visitors from India was recorded at 65 nights, with a 47% repeat visitation.Nishant Kashikar, Country Manager- India & Gulf, Tourism Australia, said, “It is a significant and momentous occasion for Tourism Australia to see such a great response from the Indian market. Our marketing activities in collaboration with our key distribution and airline partners, with an increased thrust on digital initiatives, improved air connectivity between the two countries, stability of the Australian dollar, introduction of the pilot electronic lodgement of visa applications program, have been key factors in boosting travel to Australia. By 2025, we expect India to be among the top five markets for Tourism Australia.”The Tourism Forecasting Committee (TFC) is estimating 245,000 visitors from India for July 2015 – June 2016, a 12% increase over 2014-15. Arrivals from India are expected to perform well with an average annual financial year growth rate of 7.2% through to the financial year 2021-22.last_img read more

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Greece attracting highincome travellers says Tourism Minister

first_imgTourism Minister of Greece, Elena Kountoura has said that the tourism ministry is aiming to capitalise on Greece’s good performance in 2016, by opening up to new markets and extending the tourism season to include winter and autumn, and also attract higher income tourists.Kountoura said that the goal is to bring in tourists willing to spend. “Our goal is quality tourism. In 2016, we tripled the number of arrivals from the U.S. and Canada, a market we managed to reach out to with the help of the Diaspora Greeks,” added Kountoura.The minister noted that American travellers like those from the United Arab Emirates tend to spend more while on holiday, with Greece managing to attract both with the latter up by 55%.Additionally, Kountoura also stated that the ministry in collaboration with the Greek National Tourism Organization (GNTO) had carried out qualitative research which identified an increasing number of high-income visitors in 2016. The findings were supported by a complementary study carried out by the University of Crete which also found that a large percentage of travellers to Greece last year belonged to the 60,000 euro-plus annual income bracket.last_img read more

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Philippines records steady increase in MICE travel from India

first_imgAkansha Pandey | New DelhiIndia has jumped up to the 12th position and as per the Department of Tourism (DOT), Philippines, the Indian arrivals between January to November 2017 have increased by 19%, with a total of 99,088 visitors. The Philippines is hopeful of reaching 100,000 Indian travellers in the last calendar year. Out of 2017 figures, MICE travel from India has been the biggest contributor. The destination has observed Indians first coming on business and MICE trips and later coming back as repeat visitors with families. Also, Indians living in south-east Asia also prefer the Philippines for destination weddings.Among the cruise travellers to Manila, India again ranks as the fifth largest source market. The destination is also discussing projects with Indian Producers to leverage film tourism from India. Witnessing the remarkable growth, Daks Fernandez Gonzales, Head, Office of Product and Market Development-India and Middle East, DOT Philippines revealed, “Commencement of direct flights between India and Philippines will take the growth to the next level. Thus, we are in final talks for establishing direct connectivity between both the nations and will be excited to announce it in the coming time.”Going forward, Philippines will be focussing on educating the trade and growing the consumer awareness by organising more roadshows, training programs, sales mission, etc. along with digital promotions.last_img read more

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Builder Confidence Dips as Home Buying Season Begins

first_img in Data, Government, Origination, Secondary Market Builder Confidence Dips as Home Buying Season Begins Share Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Investors Lenders & Servicers National Association of Home Builders Processing Service Providers 2012-04-16 Mark Liebermancenter_img April 16, 2012 445 Views Builder confidence fell three points in April to 25 matching the lowest point of the year, the “”National Association of Home Builders””:http://www.nahb.com/ (NAHB) said Monday.[IMAGE]The month-over-month decline was the first since last September.All three components of the index ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô current sales, sales six months out and buyer traffic ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô fell in April, with buyer traffic slipping to a four month low. The builder assessment of present home sales conditions dropped three points to 26. The outlook for home sales in the next six months also fell three points, to 32, retreating from a near five-year high. Buyer traffic was slid to 18 from 22 in March.The index – built based on surveys conducted jointly by the NAHB and Wells Fargo – gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “”good,”” “”fair”” or “”poor.”” The survey also asks builders to rate traffic of prospective buyers as “”high to very high,”” “”average”” or “”low to very low.”” Scores from each component are then used to calculate a seasonally adjusted index where any [COLUMN_BREAK]number over 50 indicates that more builders view conditions as good than poor.Representatives of the NAHB sought to put a positive spin on the disappointing numbers.””Although builders in many markets are noting increased interest among potential buyers, consumers are still very hesitant to go forward with a purchase, and our members are realigning their expectations somewhat until they see more actual signed sales contracts,”” NAHB Chairman Barry Rutenberg said in a statement.Regionally, the index improved four points to 29 in the Northeast, but tumbled eight points to 25 in the Midwest. The index slipped three points to 24 in the South and was flat at 32 in the West.The national index remained below the “”break-even”” level of 50 for the seventy-second consecutive month.””What we’re seeing is essentially a pause in what had been a fairly rapid build-up in builder confidence that started last September,”” said NAHB Chief Economist David Crowe. “”This is partly because interest expressed by buyers in the past few months has yet to translate into expected sales activity, but is also reflective of the ongoing challenges that are slowing the housing recovery ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô particularly tight credit conditions for builders and buyers, competition from foreclosures and problems with obtaining accurate appraisals,”” he added.The HMI survey followed a disappointing payroll report for March which showed the nation added 120,000 jobs, far below the 200,000-plus the market had been expecting. The same report showed a drop in the average workweek pulling down income growth, a key factor in home buying decision-making.While the HMI has been on an upward trajectory since September, new home sales have barely budged, last reported at a seasonally adjusted annual rate of 313,000 compared with an SAAR of 302,000 in September.last_img read more

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DebtX After Strong Year CRE Loan Prices Stagnate in December

first_img in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies CMBS Commercial Real Estate Investors Lenders & Servicers Processing Service Providers 2013-02-06 Krista Franks Brock Measuring the prices of loans sold through its platform, Boston-based “”DebtX””:https://www.debtx.com/Default.asp found commercial real estate (CRE) loan prices rose over the year in 2012 but ended the year with little change in December. [IMAGE]””2012 was a very strong year in the CRE secondary loan market,”” said Will Mercer, managing director at DebtX, a marketplace for CRE loans. [COLUMN_BREAK]Over the year, prices for impaired performing loans increased 9.1 percentage points. Prices for nonperforming loans increased an even higher 11.5 percentage points. However, in December impaired performing loan prices showed no change, remaining at 80.5 percent. Nonperforming loans, which also showed strength over the year, ended the year at 52.6 percent, a slight increase from the 52.2 percent recorded in November and a somewhat significant increase from the 41.1 percent recorded in December 2011. DebtX estimated whole loans making up the commercial mortgage-backed securities market are priced at 89 percent as of December, down from 89.4 percent in November but up from 86.1 percent a year ago. DebtX also calculates the liquidity of loans sold through its platform with the Loan Liquidity Index. Like prices, liquidity dropped slightly in December, falling from 180.4 in November to 108.2 in December. However, loans sold through DebtX are more liquid than they were a year ago when the index charted 94.9. February 6, 2013 420 Views center_img Share DebtX: After Strong Year, CRE Loan Prices Stagnate in Decemberlast_img read more

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FHFA Proposes Financial Requirements for Agency SellerServicers

first_img February 2, 2015 541 Views Share FHFA Proposes Financial Requirements for Agency Seller/Servicers The Federal Housing Finance Agency (FHFA) announced on Friday proposed new minimum financial requirements for mortgage sellers and servicers to do business with Fannie Mae and Freddie Mac.The proposed requirements include minimums for net worth, capital ratio, and liquidity criteria that must be met by servicers and sellers to do business with the GSEs. FHFA said the purpose of the requirements is to ensure safe and sound operations of the GSEs and at the same time further FHFA’s goal of promoting efficient, competitive, liquid, and resilient national finance markets for housing. The proposed criteria will also provide stakeholders and industry participants with greater transparency, consistency, and clarity, as directed by the 2014 and 2015 Fannie Mae and Freddie Mac scorecards. FHFA and the GSEs will obtain feedback from regulators, industry participants, and other stakeholders, and improve their understanding.According to FHFA’s announcement, all servicers will be expected to comply with the proposed minimum requirements in order to to business with either of the GSEs six months after finalization.The proposed minimum requirements are as follows:For net worth (for all sellers and servicers) a base of $2.5 million plus 25 basis points of unpaid principal balance for all loans serviced;For capital ratio (for non-depository sellers and servicers, the proposed minimum requirement is a tangible net worth and/or total assets of less than or equal to 6 percent. Regulatory standard will still apply for depository institutions;For liquidity, the proposed minimum requirement for all non-depository sellers and servicers is 3.5 basis points of total agency serving, plus incremental 200 basis points of total nonperforming agency servicing that exceeds 6 percent of the agency’s total servicing UPB. Institutions may include the following as assets for liquidity: Cash and cash equivalents, Available for Sale or Held for Trading Investment Grade Securities that include Agency mortgage-backed securities and obligations of the GSEs and Treasury; and the unused/unavailable portion of committed servicing advance lines. As with capital ratio, the regulatory standards for liquidity will still apply for non-depository institutions.According to FHFA’s announcement, the agency anticipates that the proposed minimum requirements will be finalized sometime during the second quarter of 2015 and will go into effect approximately six months later. FHFA and the GSEs plan to reach out to help sellers and servicers better understand the requirements and prepare for when they go into effect.FHFA said the purpose of implementing the new requirements will be to “improve the safety and soundness of the enterprises by strengthening their minimum seller/servicer standards;” “To create a more consistent framework for seller/servicer eligibility;” “To provide the industry with greater clarity about the enterprises’ seller/servicer counterparty requirements;” and to “provide for consistent application of the new eligibility requirements by both enterprises, subject to enterprise discretion where appropriate.”center_img Fannie Mae FHFA Freddie Mac 2015-02-02 Seth Welborn in Daily Dose, Featured, Government, News, Secondary Market, Servicinglast_img read more

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President Discusses Regulation Growing American Business

first_img March 1, 2017 518 Views in Daily Dose, Featured, Government Share President Discusses Regulation, Growing American Businesscenter_img “A new chapter of American greatness is now beginning,” opened President Trump when he addressed Congress on Tuesday night.Throughout his hour-long speech, the president spoke of many changes and plans he had to “make America great again”—perhaps the most important of which to mortgage professionals were his comments regarding regulation.“We have undertaken a historic effort to massively reduce job‑crushing regulations, creating a deregulation task force inside of every Government agency; imposing a new rule which mandates that for every one new regulation, two old regulations must be eliminated,” said Trump, referencing the executive order he signed on February 24 titled, “Enforcing the Regulatory Reform Agenda.”Though he did not go into the details during his speech, the executive order requires that the task force must be appointed within 60 days and will be responsible for enforcing existing executive orders that already attempt to wrangle increasingly complicated federal regulations, which include President Trump’s Executive Order 13771, President Obama’s Executive Order 13563, and President Clinton’s Executive Order 12866.Also in February, President Trump signed an executive order titled, “Core Principles for Regulating the United States Financial System,” which calls for a review of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Though the president did not discuss this order during his speech, his reinforcement of his stance on regulation offers a glimpse of what mortgage professionals can expect of this administration.During Tuesday’s address, the President also spoke of rebuilding America’s infrastructure. “We’ve spent billions of dollars overseas, while letting our infrastructure crumble,” he said. ”America must put its own citizens first because only then can we truly make America great again.”He promised that dying industries will come back to life, and heroic veterans will get the care they need. “Crumbling infrastructure will be replaced with new bridges and roads,” he said. “The drug epidemic will slow down and stop. We will keep our promises to the American people. “Other areas President Trump wants to improve include an overhaul and simplification of the U.S. tax code, a revision or elimination of the Affordable Care Act, an increase in defense spending, tightening of our borders, and a massive stimulus plan to pay for rebuilding the country’s antiquated infrastructure. However, no details were given about the next steps the president plans to take to accomplish these goals.“We must start the engine of the American economy again,” he said, “and make it much harder for companies to leave our country.” He said that taxes on American companies are too high. “We need to reduce taxes on companies so that they can compete anywhere and with anyone,” he said.As proof that his plans are already taking effect, he said that since his election, Ford, GM, Intel, Walmart and other companies have announced that they will invest billions of dollars in the U.S. and will create tens of thousands of new American jobs. He also said that the stock market has gained almost $3 trillion since his election.Reacting to the President’s speech, Lindsey Piegza, Chief Economist at Stifel Fixed Income said, “Going forward, the market appears elated by the notion of pro-growth policies from Washington, but confidence will only carry improvements for so long. At some point, political promises will need to turn into reality in order to justify and sustain real improvement in the underlying economy.”Click here to read the full transcript of the president’s address. Congress Dodd-Frank mortgage Regulation Trump 2017-03-01 Rachel Williamslast_img read more

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REO Update RESNET Launches Asset Strategy Tools

first_img Share REO Update: RES.NET Launches Asset Strategy Tools September 19, 2017 534 Views dRES.NET, a leading company within the mortgage industry connecting all facets, from vendors to consumers, announced the availability of a new suite of asset strategy tools designed to maximize return on investment through the analysis of each asset. The first phase of its new tools was launched and announced Monday during the opening day of the 2017 Five Star Conference and Expo, held in Dallas, Texas.“We understand how critical it is to identify the right liquidation strategy in order to maximize the return on every REO asset,” said Keith Guenther, CEO of RES.NET. “Working closely with our clients and taking their input into consideration, we identified two powerful ‘Plugins’ that integrate directly with our REO portal, providing real-time geographical MLS, repair and comparable data. This data enables decision makers to perform analysis on each asset, determining maximum return on investment, and in turn, decide on the the best liquidation strategy to maximize recovery.”Currently, the best liquidation strategy for assets is determined through a real estate agent, bulk sales, or rental. The new tools consist of two modules: a MLS and Images Plugin, and Repair Management Plugin. Phase two of the Asset Strategy Tool aims to provide an integration and single sign on with direct access to repair estimates and a comprehensive MLS report that includes listing and sold comps, all without ever leaving the RES.NET portal.The Repair Management module is multi-faceted, including: a cost estimation tool with an extensive pricing library, a workflow management tool, a forms builder for customizable inspection forms, and additional products providing property analytics from aerial imagery and remote-sensing data.With the MLS and Images Plugin, users have the option to best determine liquidation strategy adjustments, as well access MLS listed and sold comps, automated confidence scoring and view configurable AVMs, historical subject, and interior comp photos.center_img Servicing technology Tools 2017-09-19 Joey Pizzolato in Data, Headlines, News, Origination, Servicing, Technologylast_img read more

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a360inc Expands CourtXpress to Illinois

first_img September 7, 2018 551 Views Share a360inco Company News CourtXpress 2018-09-07 Seth Welborn On Thursday, CourtXpress, an e-filing service of a360inc, announced that it has expanded its e-filing service to include the state of Illinois. Since its launch in 2012, CourtXpress has conducted over 1.2 million filings.CourtXpress is a certified Electronic Filing Service Provider through eFileIL. With the certification comes an assurance that CourtXpress’ integration with the state’s central electronic filing manager service is compliant and that all filings and documents use established standards for uniform filings. According to a360inc, CourtXpress “completely transforms the way that law firms handle the filings of their pleadings today.”“Ensuring that our technology solutions address the needs of our law firm and mortgage industry clients is a core objective for a360inc. And the convergence of these solutions into one technology platform ecosystem enables our clients to leverage one vendor relationship to achieve a variety of operational benefits. The expansion of CourtXpress into the Illinois market is part of our strategic expansion in the e-filling arena,” said a360inc CEO Scott Brinkley.“Our core objectives are focused on improving the efficiency and profitability of law firms while ensuring they meet or exceed their clients’ expectations. Every product and service we introduce, including this new service to firms in Illinois, are focused entirely on achieving that objective,” said a360inc COO Jan Duke.Concierge e-Filing with CourtXpress includes eService, detailed confirmation, receipt documents, and reporting, splitting and organizing filings in accordance with individual clerk requirements, along with expert quality control review. CourtXpress also provides direct integration to a law firms case management system and service of process vendors, eliminating the need to re-key pertinent data. a360inc is based in Carrollton, Texas with offices in Tampa, Florida; Colorado Springs, Colorado; Detroit; Chicago; New London, Connecticut; Jacksonville, Florida; and St. Louis.center_img in Headlines, journal, News, Technology a360inc Expands CourtXpress to Illinoislast_img read more

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A Harvard Look at Homeownership Trends

first_img Affordability Economy Household 2019-06-26 Seth Welborn in Daily Dose, Featured, News, Origination Household growth has returned to a normal pace, according to the State of the Nation’s Housing report from the Joint Center for Housing Studies of Harvard University. The study found that the economy is “finally back on track” after the weak household growth and sluggish construction recovery following the Recession.Household growth picked up to 1.2 million a year in 2016–2018, but new construction was still depressed relative to demand, with additions to supply just keeping pace with the number of new households. Homeownership is picking up as well, as the the US homeownership rate edged up in both 2017 and 2018, to 64.4%. According to the study, this translates into a 1.6 million jump in the number of homeownersNationally, affordability has picked up, but depending on the market, some potential homeowners may find that the price-to-income ratio is near peak levels. Price-to-income ratios are highest on the West Coast, where many metroes experience DTIs of 6.0 or higher.  Additionally, a rise in interest rates and home prices plus a tightening of credit, on top of the limited supply of entry-level housing, could put homeownership out of reach for many more households. The rental market, meanwhile, is on solid footing. According to the study, all rents rose at a 3.6% annual rate in early 2019, or twice the pace of overall inflation. Most of the declines were at the single-family rental level, and Harvard’s study notes that  even if homeownership rates continue to increase, low vacancy rates and shifts in the existing stock are likely to prevent a significant softening of rental markets.“In fact, weaker overall rental demand could help to ease conditions at the low end,” the study says. “With most new construction targeting the high end of the market, there has been some potential for excess supply to filter down to lower rent levels.” June 26, 2019 364 Views center_img A Harvard Look at Homeownership Trends Sharelast_img read more

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If we multiply the price and the volume we can ha

first_imgIf we multiply the price and the volume, we can have an idea of what the value of the crop was, which compared to last year only went 6% higher, arguably returning less money to the industry for the considerable additional effort they made to bring this fruit to market.US Strawberry Movements by Month in Lbs, Comparing the Last Four Years(Source: USDA Market News via Agronometrics)In our mini-series, we work to tell some of the stories that are moving the industry. Feel free to take a look a some of the other articles listed below.Avocados:Avocados in Charts: Dynamic growth and opportunities in the U.S. marketAvocados in Charts: California at the heart of the US marketAvocados in Charts: Peru – An opening window of opportunityBlueberries:Blueberries in Charts: Finding opportunities in the gapsAgronometrics is a data visualization tool built to help the industry make sense of the huge amounts of data that you depend on. We strive to help farmers, shippers, buyers, sellers, movers and shakers get an objective point of view on the markets to help them make informed strategic decisions. If you found the information and the charts from this article useful, feel free to visit us at www.agronometrics.com where you can easily recreate these same graphs, or explore the other 20 fruits we currently track, creating your own reports automatically updated with the latest data daily.www.freshfruitportal.com California: Citrus greening identified again on Ri … U.S.: First storm hits California, more heavy rain … Blackberries In Charts: California leads impressiv … In this ‘in charts’ mini-series of articles, Colin Fain of data visualization tool Agronometrics illustrates how the U.S. market is evolving. In each series, he will look at a different fruit commodity, focusing on a different origin or topic in each installment to see what factors are driving change.Towering over the other berries, strawberries are the unchallenged kings. The nearest competitor is blueberries, which on average only add one-fifth of the volume that strawberries send to market.It’s not too often that we live events that define the last 10 years. In the world of strawberries, last month was exactly that. With a volume of 336,490,000 pounds, June’s volume is the first time the industry has broken the 300-million-pound markUS Berry Movements in Lbs(Source: USDA Market News via Agronometrics)The consequence of this massive volume has been a drop in the price that has had many in the industry scratching their heads. US Strawberry Shipping Point Prices (8 1 Lb Containers) in USD(Source: USDA Market News via Agronometrics)The response to the surge in volume is reflected in the lowest average price we’ve seen in May in the last four years. At US$8.70 it is considerably lower than last year’s price, and the previous low, of US$9.96.US Strawberry Shipping Point Prices (8 1 Lb Containers), Comparing the last Four Years(Source: USDA Market News via Agronometrics)Considering that May is typically the highest volume month for the fruit, the impact of these price fluctuations can be considerable.Although not all fruit is reflected in the USDA’s database, the information that is reported is generally recognized as a good point of reference for how the markets are moving. That said, the low prices have hit producers, taking away 12% of the value per flat, compared to last year.center_img You might also be interested in June 26 , 2018 California citrus: “A lot of unusual dynamics” in …last_img read more

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Beanies for Brain CancercharityeventsTravelManager

first_imgBeanies for Brain CancercharityeventsTravelManagers Queensland-based Personal Travel Manager, Erin Ross, representative for Mount Cotton, gathered support from fellow PTMs, her own kids and the Elysium Restaurant and Bar in Victoria Point, Queensland, to host a ‘Beanies for Brain Cancer’ event, with holiday packages, gift hampers and jewellery all part of the fundraising efforts.Erin and her children, Maia and Ryley, have a very personal motivation for raising funds for the worthy ‘Beanies for Brain Cancer’ initiative, having lost their their husband and dad, Matt, four years ago, just eighteen months after his diagnosis.“We need to find a cure for brain cancer because at the moment there is little hope for someone who is diagnosed, and it is the biggest killing cancer of young people in Australia,” said Erin.The family was inspired by the success of Carrie Bickmore’s and Mark Hughes’ Beanies 4 Brain Cancer initiatives and decided to create their own TravelManagers beanie to raise further funds for the cause, selling them to friends and family, the local community and throughout the TravelManagers network to other PTMs and clients.Erin Ross and her kids, Maia (L) and Ryley, modelling the beanies designed by Ryley for their Beanies for Brain Cancer fundraising eventThis year, they also added a second beanie to the range, thanks to the efforts of the youngest member of the family, Ryley, who was inspired by his sister’s fundraising efforts through the sale of handmade bead angels that she began making when her father was sick.“Ryley designed a special beanie with a superhero theme to honour his dad,” Erin explained. “Beanies were sent all around Australia and even across the ditch to New Zealand!“In 2017, we sold 168 TravelManagers beanies, whereas this year we sold 50 TravelManagers beanies and 150 Ryley Ross Super Hero beanies, and all profits from the beanie sales went to the cause.”Erin says she is very grateful to the local businesses who donated to the event. “We also gave away a three-night Royal Caribbean cruise and a twelve-night Thailand holiday, thanks to wonderful support from the travel industry. Singapore Airlines, Royal Caribbean International, Kamala Beach Resort (a Sunprime Resort), Phuket Marriott Resort & Spa, Merlin Beach, Outrigger Fiji Beach Resort, Plantation Island Resort, Trafalgar, Thai Airways & Tin Can Bay Tourist Park were all incredibly generous.“Elysium Restaurant & Bar have been a big support for the past two years.Not only did they co-host the event for the last two years, but they’ve also looked after catering, the bar, ticketing and entertainment.”140 people attended the cocktail-style function, paying $75 per person for a ticket which included nibbles and drinks plus live entertainment from the duo “Musique”. The event raised $13,546 for the charity.“We can’t change what’s happened,” said Erin. “Matt wouldn’t want us sitting around moping. We want to make him proud. We are not the first family who has been through this and we won’t be the last.”Donations can still be made via the fundraising page. CLICK HERE to order Maia’s Angels. TOP IMAGE: The Beanies for Brain Cancer team – Amanda Brady, Erin Ross, Cassandra Zayonce, Georgina Grandi, Annette Fyfe, – and in front – Lisa Smithlast_img read more

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incentives

first_imgincentives G Adventures will now give away a total of five wildcards globally as part of its ‘Change Makers Challenge’ incentive, announcing yesterday that the agent who changes the most lives by booking individual travellers on G Adventures tours in February will earn a ‘wildcard’ space to the ‘Change Makers Summit’, a global gathering of more than 100 agents being held at an undisclosed location from June 2 – 9, 2019.One agent from Australia and New Zealand will earn a wildcard space for most lives changed in the month of February 2019.Three agents from Australia and New Zealand will alsobe selected based on a ‘social submission’ entry, either written or video, that demonstrates how they’ve given back to others and / or their community. Entries are due by February 28, 2019 and can be submitted via Sherpa, G Adventures’ booking tool.In total 15 agents from Australia and New Zealand will attend the Change Makers Summit. 10 will earn their place by changing the most lives during the campaign period (October 01, 2018 – March 31, 2019) and one more wildcard space will be up for grabs during the month of March.The ‘Change Makers Challenge’ is G Adventures’ largest agent incentive to-date and the first of its kind to not focus purely on sales. It challenges agents to focus on changing people’s lives through travel, and invites them to rediscover their purpose – why they love selling travel. Agents who earn their place will be given the opportunity to make meaningful connections with, and learn from, their counterparts across the globe.Agents can CLICK HERE for more information.* Terms and Conditions apply.IMAGETanzania Monduli Maasai Clean Cook Stoves Project CEO Male Traveller© G Adventures Inc.last_img read more