Actor Colin Farrell attends a press conference for the film The Lobster, at the 68th international film festival, Cannes, southern France, Friday, May 15, 2015. (AP Photo/Lionel Cironneau) New Valley school lets students pick career-path academies Former Arizona Rep. Don Shooter shows health improvement Sponsored Stories Top Stories 4 sleep positions for men and what they mean “I wouldn’t mind being here a little bit longer,” he said.Farrell shot the movie, in which he stars with Rachel Weisz, in his native Ireland — a bonus for him.“Everything about this experience was really, really particular for me,” said the actor. “The writing, the cast and the experience in the location we were shooting in.”“It’s one of the most beautiful parts of the world,” he added.“The Lobster” is competing for the Palme D’or at the festival, which closes May 24.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Top ways to honor our heroes on Veterans Day The vital role family plays in society CANNES, France (AP) — Colin Farrell is no longer a Cannes Film Festival virgin.The actor is here for the first time with “The Lobster,” a decidedly unusual film about single people who have less than two months to find a mate or face being turned into an animal and released into the woods.Despite being in dozens of films over the past two decades, Farrell told a press conference on Friday that he had never come before — and he didn’t exactly make the most of his inaugural visit. Ex-FBI agent details raid on Phoenix body donation facility Milstead says best way to stop wrong-way incidents is driving sober Comments Share
Top Stories Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Comments Share Milstead says best way to stop wrong-way incidents is driving sober Ex-FBI agent details raid on Phoenix body donation facility Get a lawn your neighbor will be jealous of New Valley school lets students pick career-path academies ROME (AP) — The number of hungry people around the world has dropped to 795 million from over a billion a quarter-century ago despite natural disasters, ongoing conflicts and poverty, the three U.N. food agencies said Wednesday.Countries in East Asia, Latin America and the Caribbean showed the most progress in reducing hunger, thanks in part to economic growth that didn’t exclude the poor, investments in agriculture and political stability, the agencies said in their annual State of Food Insecurity report. 4 ways to protect your company from cyber breaches Top ways to honor our heroes on Veterans Day The report found that a majority of the countries monitored — 72 out of 129 — have met the U.N.’s ambitious Millennium Development Goals to halve undernourishment by 2015.“The near-achievement of the MDG hunger targets shows us that we can indeed eliminate the scourge of hunger in our lifetime,” said U.N. Food and Agriculture Organization’s chief, Jose Graziano da Silva.The agencies said the reduction in hunger and undernourishment came despite natural disasters, political instability and conflict in much of the developing world — even though the world’s population had grown by 1.9 billion people since 1990.The agencies said improved agricultural productivity, especially by family and small-scale farmers, and better social protection measures like food vouchers or school meal programs had had the most impact in reducing hunger.Sub-Saharan Africa still had the highest levels of undernourishment in the world: Almost one in four people there don’t get enough food to live an active and healthy life. Some West African countries that did invest in agricultural productivity and infrastructure managed to meet the U.N. hunger targets, the report found.
The Philippine Department of Tourism are on a fast track to double tourism to the country by 2016, with more air capacity, hotels and investments to infrastructure pegged for 2011-12.Already on target with a 17 per cent increase to 3.52 million in 2010, also up from pre-GFC 2008 levels, tourism officials are hoping to reach 6 million visitors by 2016.The country announced it generated more than US$5 billion in investments to increase room capacity in the country over the next few years, which will also grow employment in the accommodations sector to an additional 17,782 workers.Focus is also been highlighted in the MICE sector, with the tourism board earmarking projects in the industry as a top priority.”We are going to be more structured, go back to basics,” Department of Tourism, Secretary, Alberto Aldaba Lim said at AIME yesterday.Mr Lim said it was the right time for MICE organisers and planners to consider Philippines as a viable option, with new products, exciting destinations and upgraded tourism facilities available throughout the country.Top tourism destinations include Manila, Boracay and Cebu for Australian travellers, with easier access also now available from Darwin serviced by Jetstar. Source = e-Travel Blackboard: D.M
Source = e-Travel Blackboard: N.J Sabre has filed an anti-trust dispute against American Airlines, claiming the carrier is “attempting to eliminate the GDSs”. In the claim filed earlier this week, Sabre said AA was attempting to redirect the industry to its Direct Connect product, which “constitutes illegal ‘tying’”.Sabre said using AAs Direct Connect service is limiting competition for air services as well as expanding its “monopoly position”. “Sabre welcomes fair, market-based competition,” the company’s senior vice president Chris Kroeger said. “Having failed to gain market acceptance of its Direct Connect product, AA chose to go outside the bounds of fair competition by leveraging its monopoly position and by engaging in tying to try and force travel agencies to take a product they do not want. “These actions violate the law and impose substantial harm on our company and the travel agencies, consumers and corporate customers we serve, compelling us to take today’s legal action.”The online company said it is seeking damages as well as an injunction that will prevent AA from “forcing travel agents” and other flyers to use the carrier’s Direct Connect product.
Australia’s iconic Uluru (Ayers Rock) will soon become a place to meet for the MICE market with the re-development, expansion and refurbishment of current facilities valued at $29.5 million announced by Voyages Indigenous Tourism Australia.Acknowledging the local Anangu people who have used the area as a meeting place for many years, Uluru Meeting Place completes in October this year.Voyages Indigenous Tourism Australia held an information evening in Sydney last night for the launch of Uluru Meeting Place with Voyages managing director Koos Klein saying the creation of the state of the art conference centre will become an important new option for meeting planners in Australia.The facilities include a ballroom that can seat 420 people comfortably, but can still be sub-divided into smaller meeting rooms or breakaway areas with acoustically rated walls. A second ballroom that seats 300 people can also be split or alternatively used as an outdoor amphitheatre.Event planners can access the website www.ulurumeetingplace.com.au which features virtual tours, suggested itineraries and experiences, full details about the resort and venues and how to get there.The facilities also give back with a social responsibility focus. All profits from Voyages business activities pass will go to the resorts support of Indigenous training and employment not just at the resort but across Australia.“This in turn means that any meeting which takes place makes a real contribution to an organisation’s commitment to social responsibility,” the managing director said.Celebrating the new facilities, Voyages are rewarding some of the first to book at the Uluru Meeting Place with an enticing incentive. Visit the website for more details. Source = e-Travel Blackboard: K.W
Tourism Malaysia http://www.corportate.tourism.gov.myMalaysia remains a safe destinationTourism Malaysia wants to assure all visitors that Malaysia remains a safe and secure holiday destination.Following a terror alert issued by the US embassy and several others about a possible terror attack in Jalan Alor late last month, Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi has provided the strongest reassurance on behalf the Malaysian Government that Jalan Alor in Bukit Bintang and other areas in the country’s capital, Kuala Lumpur, are safe.“I want to confirm that the area (Jalan Alor) and a few other areas previously categorized as dangerous are being monitored closely by the police. There is no threat,” he said, adding, “We want to assure the people that the police are always ready to make sure that there is no act of terrorism and to ensure there is no threat at all in Malaysia.”Both the Australian and UK government websites have now retracted warnings regarding terrorist threats in Jalan Alor.Source = Tourism Malaysia
Singapore Airlines delivers first class on Sydney evening flightSingapore Airlines today launched a fourth First Class offering for customers travelling to and from Sydney with the deployment of a refitted Boeing 777-300 on flight SQ 242/241.Starting from this evening SQ242 will provide customers with eight First Class seats in a 1-2-1 configuration.Singapore Airlines’ Regional Vice President, Mr Tan Tiow Kor said he expected the introduction of a First Class cabin on Sydney’s evening flight to Singapore to be warmly welcomed by customers.“With the deployment of the refitted 777-300 aircraft on SQ 241 and SQ 242 we are now able to provide more premium cabin options for our customers,” Mr Tan said.“I am sure the additional First Class offering, as well as the increased number of Business Class seats on the refitted 777-300 will be welcomed by our customers.“The Diamond Plus First Class seat is one of the most luxurious in the sky and offers the choice of relaxing with 130 degree incline or alternatively a fully flat bed.”The refitted 777-300 will provide customers the option of 8 First Class, 50 Business Class and 226 Economy Class seats.From this evening customers wishing to depart Sydney will have a choice of flying on either Singapore Airlines’ flagship Airbus A380 aircraft, the newly deployed refitted 777-300 or a 777-300ER. Fly Singapore Airlinesbook your flights to the UK hereSource = Singapore Airlines
Qatar Airways Launches Most Spectacular Global Promotion YetQatar Airways Launches Most Spectacular Global Promotion YetQatar Airways is pleased to announce the launch of its ‘Global Travel Boutique’ promotion, offering passengers from around the world amazing fares on flights in both Economy and Business Class.Valid from September 12th to 19th, the promotion will offer discounts of up to 40 per cent on fares in both Economy and Business Class, as well as special companion fares and discounted group bookings.Qatar Airways Chief Commercial Officer, Mr. Ehab Amin, said: “We are delighted to offer this spectacular promotion – our biggest commercial promotion to date – following the success of our previous Travel Festival campaigns. Our passengers now have the chance to choose from a variety of incredible packages and discounts on fares in both Economy and Business Class, in addition to the chance to win incredible prizes.”Daily prizes will include up to 100,000 Qmiles in Business Class and 50,000 in Economy class; free hotel stays in premium hotels in Doha; and complimentary lounge access at Hamad International Airport.Passengers can now book flights to the most popular global travel destinations, with Economy Class fares starting at: $660 from Dallas Forth-Worth to Kuala Lumpur, Malaysia; $670 from Los Angeles to Chiang Mai, Thailand; and $700 from Boston to Hanoi, Vietnam. Business Class return fares are starting at $2410 from Atlanta to Mumbai, India, and $3560 from Chicago to Colombo,Sri Lanka. These exclusive offers are valid for travel between September 15th, 2017, and May 31st, 2018.As part of the promotion, Qatar Airways is also offering special companion fares allowing two passengers travelling together on board First and Business Class to receive further discounts. Exclusive discounts are also being offered on group bookings of between three and seven passengers booking together.To take advantage of this offer, passengers can visit our dedicated page on qatarairways.com or any Qatar Airways sales office or contact your nearest travel agent.Qatar Airways will add flights to many more exciting destinations in its network in 2017 and 2018, including Abidjan, Ivory Coast; Accra, Ghana; Canberra, Australia; Chiang Mai, Thailand; Utapao, Thailand; Chittagong, Bangladesh and Mombasa, Kenya, to name a few.The national carrier of the State of Qatar is one of the fastest-growing airlines operating one of the youngest fleets in the world. Now in its twentieth year of operations, Qatar Airways has a modern fleet of 200 aircraft flying to business and leisure destinations across six continents.The award-winning airline has received a number of accolades this year, including Airline of the Year by the prestigious 2017 Skytrax World Airline Awards, which was held at the Paris Air Show. This is the fourth time that Qatar Airways has been given this global recognition. Qatar’s national carrier also won a raft of other major awards at the ceremony, including Best Airline in the MiddleEast, World’s Best Business Class and World’s Best First Class Airline Lounge.Source = Qatar Airways
The global airline industry is estimated to make a net profit of $29.8 billion in 2017. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin as per the International Air Transport Association (IATA) prediction.This will be the third consecutive year (and the third year in the industry’s history) in which airlines will make a return on invested capital (7.9%) which is above the weighted average cost of capital (6.9%).“Airlines continue to deliver strong results. This year we expect a record net profit of $35.6 billion. Even though conditions in 2017 will be more difficult with rising oilprices, we see the industry earning $29.8 billion. That’s a very soft landing and safely in profitable territory. These three years are the best performance in the industry’s history—irrespective of the many uncertainties we face. Indeed, risks are abundant— political, economic and security among them. And controlling costs is still a constant battle in our hyper-competitive industry,” said Alexandre de Juniac, Director General and CEO, IATA.“Three years of sustainable profits is a first for the airline industry. And after many years of hard work in restructuring and re-engineering the business the industry is also more resilient. We should also recognise that profits are not evenly spread with the strongest performance concentrated in North America,” he added.Middle Eastern airlines are forecast to generate a net profit of $0.3 billion for a net margin of 0.5% and an average profit per passenger of $1.56. This is below the $900 million profit expected in 2016.
ACE of M.I.C.E. Exhibition by Turkish Airlines is gearing up for its sixth edition on February 20-22, 2019 at Istanbul Congress Centre (ICC) – Istanbul, Turkey. At 2019, ACE of M.I.C.E. will welcome around 250 exhibiting companies from more than 30 countries and more than 200 international and 500 local buyers.For its sixth birthday, ACE of M.I.C.E. has renewed its face and will be hosting the global MICE industry with a new design that has developed under the motto of ‘Connecting Dots’. As being the foremost B2B platform of the regional MICE industry, the trade show will be gathering professionals in an intensive three-day programme which is full of networking and business interactions. Besides thousands of B2B appointments will take place during the show, participants will enjoy fascinating sessions in the Speakers’ Corner and various networking events.Since 2014, ACE of M.I.C.E. has attracted global and local MICE industry as the show continued to grow every year. For its international recognition, ACE of M.I.C.E. has partnered with different international associations and industry actors such as, ICCA, UNICEO, MPI, IAPCO, SITE, MPI, EMA, ISES. In 2018, 155 international hosted buyers from 41 countries and 450 local buyers participated in the ACE of M.I.C.E., 220 firms exhibited and the show hosted more than 10,000 professionals.Hosted Buyer Programme: Through the International Hosted Buyer Programme of ACE of M.I.C.E. participants will be able to meet with 750+ MICE industry buyers from 41 countries on a perfectly designed B2B online appointment system. As a result of the expansion of our agreement with Turkish Airlines and our new strategic partnership with TURSAB, International Hosted Buyer Programme of the 2019 ACE of M.I.C.E. will be progressed both in terms of quality and quantity.“We will ensure that our participants to increase the volume of business by meeting right buyers within the framework of our International Hosted Buyer Programme. We focused to increase the ROI of exhibitors by generating programmes based on their specific needs,” remarked Volkan Ataman, President of the Tourism Media Group which organises the ACE of M.I.C.E.In 2018, ACE of M.I.C.E. hosted 617 buyers from 41 countries who came to conduct B2B meetings with exhibitors. The programme received a very good feedback as 87.3% of Hosted Buyers said they were satisfied with the exhibition and find it very beneficial for their business.Registration for the Hosted Buyer Programme is open to planners from event management agencies, venue finding companies, incentive houses, associations, PCOs, AMCs, charities, government and corporate organisations.“ACE of M.I.C.E. offers a significant opportunity for its entire exhibitors and buyers to experience Istanbul besides expanding their business network. Meeting and event professionals will also gain inspiration and ideas through the fascinating sessions which will take place in the Speakers’ Corner,” Volkan Ataman added.2019 Speakers’ Corner Programme: If You Want to Hear From the Best!Participants of the ACE of M.I.C.E. will have the privilege to attend inspirings sessions of the Speakers’ Corner Programme and hear from the best.Professionals of the top global event companies and organisations are lined up to talk at the Speakers’ Corner and to deliver their unique expertise on various topics. Speakers include Jason Popp, International Executive Vice President at GES; Anna Ratala, Head of SLUSH Singapore; Johanna Marsal, Senior Producer at Moment Factory; Caspar Mason, Creative Strategy Director of Jack Morton Worldwide; Tahira Endean, Author of Intentional Event Design; will be there at the Speakers’ Corner to address the ACE of M.I.C.E. audience.
in Origination, Secondary Market, Servicing, Technology Mortech Heralds New Lending Platform October 3, 2011 427 Views Mortgage software company “”Mortech, Inc.,””:http://www.mortech-inc.com/company/about-us.html found cause to celebrate with the launch of an industry-first Lending Management Platform, available via a Web site devoted entirely to the brand-new MarksmanLMP. According to the company, the aim of the dual launch is to streamline and simplify online lending processes.[IMAGE]In a “”statement””:http://www.marketwatch.com/story/mortech-announces-new-lending-management-platform-2011-10-03, Mortech dubbed Marksman “”a product and pricing engine [that] quickly grew to dominate [the] market├â┬ó├óÔÇÜ┬¼├é┬ª New functionality has extended the solution across the front of the lending enterprise, allowing loan originators to use it for lead acquisition, assessment, prospect marketing and initial loan processing.””[COLUMN_BREAK]Commenting on the release, Don Kracl, president of the company, said in the statement, “”The lead management objective is to create a true relationship with prospects, start the application, and move forward with confidence knowing the transaction will be completed successfully.””Mortech beheld the new online tools as a way for lenders to automate and better manage the lending process, beginning with lead acquisition and inclusive to an array of assessment, marketing, and processing options.As for the new Web site? The company praised the Web site as one that will supply originators with online tools, supplemental advice, and qualifications for more leads that ensure better deals.””The traditional loan origination system (LOS) is still a critical tool in this process, however employing MarksmanLMP ensures it won’t fall short on all of the tasks that precede taking the actual loan application,”” Kracl added. “”The loan officer’s true opportunity lies in forging that relationship with the prospective borrower long before the application hits the LOS.”” The creator of such loan originator software as SRPcalc, and more recently Marksman, Mortech lays claim to partnerships across the U.S., including one with Google. Agents & Brokers Company News Lenders & Servicers Processing Service Providers 2011-10-03 Ryan Schuette Share
“”Freddie Mac””:http://www.freddiemac.com/ announced that Richard C. Hartnack, formerly vice chairman and head of consumer and small business banking at U.S. Bancorp, has been elected as a director on the company’s board.[IMAGE][COLUMN_BREAK]””Rick Hartnack is an outstanding addition to the Freddie Mac Board of Directors,”” said Christopher S. Lynch, non-executive chairman. “”He is a seasoned industry executive with proven leadership experience and a deep understanding of our industry. Freddie Mac will benefit from Rick’s detailed knowledge of underwriting, servicing, technology, and his dedication to operational excellence as our company builds a stronger, more efficient mortgage market for the future.””Prior to joining U.S. Bancorp in 2005, Hartnack served as vice chairman, director, and head of the community banking group at Union of California. Before that, he was EVP at First Chicago Corporation, where he was responsible for community banking.He is also a past director of the Federal Reserve Bank of San Francisco, MasterCard International, Union BanCal Corporation, and U.S. Bank (a U.S. Bancorp subsidiary). He previously served as chairman of the California Bankers Association, Bank Administration Institute, and the Los Angeles Urban League. in Data, Government, Origination, Secondary Market, Servicing May 31, 2013 452 Views Share Agents & Brokers Attorneys & Title Companies Freddie Mac Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-05-31 Tory Barringer Freddie,Freddie Mac Elects New Director for Board
Share in Daily Dose, Data, Headlines, News Massachusetts single family home sales decreased for the fourth straight month continuing the recent downward trend for the Bay State, according to a report released this week by the Warren Group.A total of 4,482 single-family homes were sold in May compared with 4,820 in May 2013. Year-to-date sales also dropped by 3.8 percent, with 15,467 homes sold compared to 16,073 during the same period last year.Still, there is reason to be optimistic about the market’s future prospects in the state.”Single-family sales volume is still slipping. Most of these May closings went under agreement in March at the start of the spring selling season, and we’ll see sales reach their peak in July,” said Timothy M. Warren Jr., CEO of the Warren Group. “Low inventory and lingering winter weather in March may have depressed the number of sales, but the rising median price tells me that the market is recovering nicely.”The median sales price of single-family homes statewide increased by 4.7 percent in May to $340,000 compared with $324,600 in May 2013. May marked the 20th consecutive month of year-over-year price increases.Condominium sales are the bright spot in the market. They remained strong in May, with a total of 2,146 transactions completed compared with 2,015 in May 2013. Condo sales have been on the uptick for 11 consecutive months. Year-to-date sales were also up by 9.3 percent, with 7,166 sales completed during the first five months of this year compared with 6,557 during the same period last year.Condo prices increased by 8.47 percent in May, with the median selling price coming in at $320,000 compared with $295,000 in May 2013. The median sales price for condos has been increasing for sixteen consecutive months.”Condominiums are the strongest part of the market these days. The current median price of $320,000 is the highest of any month in history, proving that smaller spaces, care-free maintenance and urban living are popular these days,” Warren said. June 27, 2014 459 Views Home Prices Home Sales The Warren Group 2014-06-27 Derek Templeton Massachusetts Single-Family Home Sales Drop in May
in Daily Dose, Government, Headlines, News Share August 4, 2015 741 Views In an effort to bring mortgage servicers into compliance with the Homeowners Protection Act, the Consumer Financial Protection Bureau (CFPB) issued a bulletin on Tuesday providing guidance to servicers regarding the cancellation and termination of private mortgage insurance (PMI).According to the CFPB, private mortgage insurance provides protection to the lender if the borrower stops making payments on the loan. Private mortgage insurance is usually required by lender if the borrower’s down payment is less than 20 percent of the sales price or appraised value of the home and are added to the borrower’s monthly mortgage payment.Congress passed the Homeowners Protection Act of 1998 to provide borrowers with cancellation and termination rights with their private mortgage insurance policy, the CFPB says. The law requires automatic termination of private mortgage insurance once the mortgage balance is reaches 78 percent of the original value of the property, among other criteria.Private mortgage insurance is a huge cost to consumers, but the Homeowners Protection Act provides specific cancellation and termination rights to protect consumers from unnecessary costs. The CFPB advises that if a servicer does not cancel a borrower’s private mortgage insurance in a timely manner, it can lead to the borrower paying significant amounts of money on unnecessary premiums.“Consumers should not be billed for unnecessary private mortgage insurance,” said Richard Cordray, CFPB director. “We will continue to supervise mortgage servicers to ensure they are treating borrowers fairly, and today’s guidance should help servicers come into compliance with the Homeowners Protection Act.”The CFPB noted that this bulletin does not advise of any new responsibilities or requirements, but summarizes existing requirements under the law.In addition to reaching the 78 percent loan-to-value (LTV) threshold, the borrower must meet certain other requirements for borrower-requested private mortgage insurance cancellation:The borrower must have a good payment history.The borrower must be current on the loan.The borrower must satisfy any requirement of the holder of the mortgage for certification that the borrower’s equity in the property is not subject to a subordinate lien.The borrower must satisfy any requirement of the holder of the mortgage for evidence (of a type established in advance and made known to the borrower by the servicer) that the value of the property has not declined below the original value.Click here to view the CFPB’s Private Mortgage Insurance Advisory Bulletin. Click here to view the CFPB’s Summer 2015 Supervisory Highlights. Bulletin Cancellation Consumer Financial Protection Bureau Private Mortgage Insurance 2015-08-04 Staff Writer CFPB Issues PMI Cancellation and Termination Guidance Bulletin
December 22, 2016 649 Views The number of residential mortgage loans refinanced through the FHFA’s Home Affordable Refinance Program (HARP) has been steadily declining for the last four years, according to the FHFA’s Refinance Report for October 2016.Since HARP was launched in April 2009 as a way to help underwater borrowers lower their monthly mortgage payments, more than 3.4 million borrowers with GSE-backed loans have refinanced through HARP. Now, with the program scheduled to expire on September 30, 2017, there are still thousands of borrowers eligible for the program, according to the Urban Institute’s December 2016 Chartbook.To be eligible for HARP, borrowers must have a loan owned or guaranteed by Fannie Mae or Freddie Mac, have a loan originated on or before May 31, 2009, have a current LTV of greater than 80 percent, and be current on mortgage payments at the time of the refinance. Borrowers are allowed one late payment in the 12 months prior to the refinance as long as it did not occur in during the six-months period before the refinance. FHFA estimates these borrowers save an average of approximately $2,400 per year on mortgage payments.According to Urban Institute, as of the end of September 2016, there were slightly more than a quarter of a million (251,017) mortgage loans nationwide that met these criteria. However, “45 percent are out-of-the-money because the closing cost would exceed the long-term savings, leaving 138,948 loans where a HARP refinance is both permissible and economically advantageous for the borrower,” Urban Institute reported.More than 80 percent of the loans in the GSE book of business that meet the HARP pay requirement were originated after the HARP cutoff date of May 31, 2009. There are approximately 4.85 million GSE-backed loans that are below the LTV minimum required to refinance through HARP, but meet the other HARP requirements, and are therefore eligible for GSE streamlined refinancing, according to Urban Institute. Out of those, approximately 3.96 million are in the money.FHFA plans to launch a high LTV refi option toward the end of 2017 to replace HARP, according to the Agency.Click here to view the entire Urban Institute Chartbook for December 2016. in Daily Dose, News, Origination Thousands of HARP-Eligible Borrowers are ‘in the Money’ FHFA HARP Mortgage Refinances 2016-12-22 Seth Welborn Share
in Headlines, journal, News, Servicing June 22, 2018 732 Views Share Planet Home Lending Welcomes Dierk Hohman 2018-06-22 Kristina Brewer Planet Home Lending, LLC, a privately held mortgage lender and servicer headquartered in Connecticut, has announced that Dierk Hohman has joined the company as EVP, Chief General Counsel and Enterprise Risk Officer.Hohman will oversee all legal, compliance and enterprise risk matters for the company. “His breadth of legal, compliance, and enterprise risk experience, and his entrepreneurial mindset will be a tremendous asset to the company as we continue to grow our distributed retail, correspondent, and servicing operations,” Planet Home Lending President and CEO Michael Dubeck said.Hohman has broad expertise in the mortgage, banking and financial sectors. He has previously advised financial intuitions on legal, compliance, and enterprise risk matters, litigation, and corporate and finance transactions.Most recently, Hohman served as EVP, General Counsel and Chief Risk Officer for NexBank Capital, Inc. Prior to his role at NexBank, he was SVP and Associate General Counsel for Nationstar Mortgage, LLC. Throughout his career, he has held positions at leading financial services companies including HBK Capital Management, Bank of America, GE Capital, and White & Case LLP.Hohman earned a Bachelor of Science from the United States Military Academy at West Point, and a Master of Business Administration and Juris Doctor from the University of Florida.Founded in 2007, Planet Home Lending, LLC is a privately held, national residential mortgage lender with multiple business channels uniquely positioned to provide competitive products and services. The company is an approved originator and servicer for FHA, VA, and USDA as well as a Freddie Mac and Fannie Mae Seller/Servicer, and a full Ginnie Mae Issuer and approved sub-servicer.
Baby Boomers and the Housing Market September 10, 2018 1,191 Views Baby boomers may become the largest generation of retirees in history, according to a report from Trulia. As this generation moves into retirement, the baby boomer’s housing preferences may determine the housing options available to younger people entering the market.Baby boomers, or those born between 1945 and 1964, are delaying downsizing, as they are working longer and keeping their kids in their home for longer. These groups have more space in their homes as well, as empty-nest boomers have two extra bedrooms on average, compared to one extra for under-65 buyers.On average, these boomers are staying in these large homes for longer. This has led some to believe that they are taking up valuable home inventory in high-demand markets. According to Trulia, 83.4 percent live by themselves, with no younger generations. This is due in part to the higher-than-average number of seniors who are still working, as the number of those 65 and older who are still working rose from 15.9 percent in 2005 to 19.3 percent in 2016.More affordable metros, such as Knoxville, Tennessee, Colorado Springs, Colorado, and Dayton, Ohio, have more opportunity for these seniors to downsize. However, Trulia notes that even in these areas, inventory has been declining for several years. For example, inventory decreased 12.4 percent year over year during the Q2 2018 in Knoxville.This has led to a relatively even split between single-family and multifamily senior movers. Trulia notes that in 2016, 5.5 percent of senior households moved, with 2.7 percent moving to single family and 2.4 percent moving to multifamily. This has remained virtually unchanged since 2005 when the rate was 5.5 percent and a 2.5 percent and 2.5 percent single and multi-family split.With a shortage in starter-size homes, downsizing is still difficult for retirees to move to smaller homes. This means that unlike what some observers say, seniors are not solely responsible for the housing shortage, and are in fact feeling its impact themselves.Find the report from Trulia here. Share in Daily Dose, Data, News Baby Boomers HOUSING Inventory Prices 2018-09-10 Seth Welborn
Share May 22, 2019 328 Views A new report from the The National Association of Home Builders states that custom home building has been flat over recent quarters, with just 29,000 custom starts in Q1 2019.The data, which was provided by the U.S. Census Bureau, shows this was down slightly compared to 31,000 custom starts in Q1 2018. There have been 170,000 custom housing starts over the last four quarters, which is a 1.2% decline compared to the prior four quarters. Custom building for single-family housing totaled 19%, down from the high of 31.5% during Q2 2009.The market share for custom built single-family homes hasn’t been this low since 2005-2006, when it dropped below 18%.The housing crisis and recession more than a decade ago interrupted a 15-trend away from homes built on the eventual owner’s land. The NAHB reports that housing production slowed in 2006 and 2007, and the market share for the not-for-sale new housing increased as the number of single-family starts declined.“Recent declines in market share are due to an acceleration in overall single-family construction, especially in spec home building. As this part of the market cools due to declining affordability, the market share for custom homes will continue to level off,” the report states.A report from the Department of Housing and Urban Development and the Census stated that residential real estate permits increased month-over-month, but fell slightly in April when compared to 2018.Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000, 0.6% above the revised March rate of 1.2 million, but is 5% below the April 2018 rate of 1,3 million. Additionally, single‐family authorizations in April were at a rate of 782,000, 4.2% below the revised March figure of 816,000.While custom home building has been flat, housing starts overall rose month-over-month, but like April, saw an annual decline, sitting at a seasonally adjusted annual rate of 1.2 million in April. This is 5.7% above the revised March estimate of 1.1 million, but is 2.5% below the April 2018 rate of approximately 1.26 million. 2019 Housing Market Custom Homes National Association of Home Builders 2019-05-22 Mike Albanese Custom Home Building Remains Stagnant in Daily Dose, Data, Featured, News
How California avocado growers keep Persea mites f … Peru-based Camposol’s EBITDA rose 4% to a record US$88.4 million during the nine months through September on the back of a huge 122% rise in blueberry volumes.It also registered record EBITDA of US$54 million for the third quarter alone, up 10.4% year-on-year.The company sold 9,571 metric tons (MT) of the fruit through the third quarter, compared to 4,305MT over the same period last year.Over this time the average price per kilo of blueberries was 16% higher year-on-year at US$8.10, while the average cost was up 15% at US$4.64.Camposol attributed the increase in volume mainly to hectares enter higher-yield phases. Of its 2,073 hectares of blueberry plantations, 79% are now in a high-yield phase while the remaining 21% are not yet producing fruit.The company also boosted the volume of avocados sold by 6% to 44,353MT, with the average price per kilo 15% lower at US$2.39 and costs 7% lower at US$1.1.The rise in avocado volumes is attributed to “very good weather during last winter”. Of Camposol’s 2,824 of avocado orchards, 79% are also in a high-yield phase, 6% in a medium-yield phase and 15% currently unproductive.Camposol notched a 21% year-on-year rise in the value of total sales over the nine-month period to US$290 million.During the first nine months of 2018, Camposol made investment commitments amounting to US$105.6 million, and had net disbursements of US$84.4.That figure included US$27.4 million invested in blueberries, US$20.8 million in tangerines in Uruguay and Peru, US$10.8 million in avocados in Colombia and Peru, US$7.9 million in the conversion of intensive shrimp ponds, US$5.6 million in grapes and US$700,000 in mangoes.”Nowadays, the main supermarket chains in the world recognize the strength of Camposol’s value proposition based on high levels of quality, consistency, traceability and on-time delivery of our products,” said Jorge Ramirez Rubio, CEO of Camposol.”This performance is possible because of our vertically integrated production model, which is also socially and environmentally responsible. Camposol is now moving up from being a window player to a year-round supplier and this is how we decided to go to Colombia to produce avocado all year round, together with Peru.”Camposol has also arrived in Uruguay and soon will be the most important seedless tangerines player in the southern hemisphere and continue growing strongly in blueberries and shrimps from Peru, because of the advantage of being able to produce them all year round, with a continuous presence at the point of sale and an intelligent and focused communication.” Mexico forecasts record-breaking avocado exports t … U.S.: California storms won’t damage avocado crops … October 31 , 2018 Australia: Massive hail storm rips through NSW avo … You might also be interested in
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