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  • Six Senses Douro Valley named top European Hotel by Gallivanters Guid

    first_imgSource = Six Senses Douro Valley Six Senses Douro Valley named top European Hotel by Gallivanter’s GuideSix Senses Douro Valley is honoured to be named in the Gallivanter’s Guide 2017 Awards of Excellence as Best European Resort Hotel. This award is voted by readers of Gallivanter’s Guide from 42 countries worldwide.Gallivanter’s Guide was founded in 1991 with the aim of serving the world’s high-end hotel aficionados. The publication privately published travel advisory reached thousands of discerning travellers every month.According to Gallivanter’s Guide Co-founder Lyn Middlehurst, “This year’s votes show that brand loyalty remained firmly with high end hotels that have been around as well as to hotels whose general managers commit to more than a year at the helm. Six Senses Douro Valley has set the benchmark for a new breed of high end hospitality: service-oriented and wellness focused, the Six Senses team does not talk about goals but simply achieves them”.Nicholas Yarnell, general manager of Six Senses Douro Valley said, “We must be doing something right based on the voted from the readers of Gallivanter’s Guide. Six Senses Douro Valley was conceived and is driven by sustainability and wellness, a passion for great intuitive service, and evolution through continuous guest-focused innovation. We strive to be the standard bearer for out-of-the-ordinary travel experiences”.About Six Senses Douro ValleySix Senses Douro Valley’s UNESCO World Heritage setting fronts onto the River Douro as it winds through the world’s oldest demarcated wine region. The estate covers 19 acres with 57 guestrooms, suites and villas. Three restaurants highlight regional produce with a dedicated wine cellar featuring local vintages.Six Senses Spa comprises 10 treatment rooms, indoor and outdoor pools and a gym. It presents specialty and local therapies and multi-day programs. An outdoor yoga pavilion is ideal for individuals and groups. The sun-kissed valley is at the heart of the region that offers activities and excursions by foot, vehicle or water. Six Senses Hotels Resorts Spasfor more information, visitlast_img read more

  • THAI Celebrates 30 Years of Flights Bangkok to Nagoya

    first_imgTHAI Celebrates 30 Years of Flights Bangkok to NagoyaTHAI Celebrates 30 Years of Flights Bangkok to NagoyaThai Airways International Public Company Limited (THAI) celebrated 30 year of flights to Nagoya, Japan with a reception based on the theme “the World is Always New with THAI,” which was presided over by Mr. Ekniti Nitithanprapas, THAI Chairman of the Board of Directors and attended by Mr. Sumeth Damrongchaitham, THAI President, Mrs. Usanee Sangsingkeo, THAI Senior Advisor, and Mr. Wiwat Piyawiroj, THAI Executive Vice President, Commercial. THAI Management and THAI General Managers in Japan welcomed Mr. Bansarn Bunnag, Ambassador of the Kingdom of Thailand to Japan, Mr. Kimio Ishihara, Deputy Governor of Aichi Prefecture, Mr. Takashi Kawamura, Mayor of Nagoya, Mr. Akihiko Naoe, Deputy Chairman of the Japan Association of Travel Agents (JATA), guests of honor, and members of the press who attended the reception in Nagoya, Japan.Mr. Wiwat Piyawiroj, THAI Executive Vice President, Commercial, said that THAI has operated flights to Nagoya for 30 years since 31 October 1988 as a code-share flight with Japan Airlines, which began with two flights per week and utilized Airbus A300-600 aircraft. Nagoya is the third largest city in Japan and is a highly popular destination in Japan, in addition to Tokyo, Osaka, and Fukuoka. Flights from Bangkok to Nagoya, other than providing convenient travel to and from Thailand-Japan, signify good bilateral relations between the two countries. Over the years, air travel from the Southeast Asia and Pacific regions to Japan grew significantly and rapidly, as Japan is rich in art and culture and has remarkable nature tourism to be discovered. In addition to its tourist attractions, Japan is a highly popular for business travel. Thailand has always been very popular for its tourist destinations and has the geographical advantage as a stopping ground for passengers who are connecting flights to other regions. Currently, THAI operates 77 flights per week to 5 cities or 6 airports, which are Tokyo (Narita/ Haneda), Osaka, Nagoya, Fukuoka, and Sapporo. Passengers can also connect flights to 57 destinations in 31 countries worldwide on THAI’s network.Over the past 30 years that THAI has operated flights to and from Nagoya, passenger traffic has increased substantially and on a regular basis. Presently, THAI operates 14 roundtrip flights per week from Bangkok-Nagoya with Boeing 787-8 and Boeing 777-300ER aircraft. THAI operates all flights with touches of Thai culture and tradition, an excellence that has received recognition with three Skytrax Awards: World’s Best Economy Class, World’s Best Airline Lounge Spa, and Best Economy Class Onboard Catering.THAI’s flights on the route Bangkok-Nagoya are as follows:Route Bangkok-Nagoya TG 644 00.05 hrs. 08.00 hrs.TG 646 10.45 hrs. 18.40 hrs.Nagoya-Bangkok TG 645 11.00 hrs. 15.00 hrs.TG 647 00.30 hrs. 04.30 hrs.For more information, reservation and ticketing, please visit thaiairways.com, contact any THAI sales office, or call the THAI Contact Center at Tel.02-356-1111 (24 hours a day).Source = THAIlast_img read more

  • Where are we at with Bali

    first_imgOut of the blue a chance to visit Lombok came up. We thought why not……an earthquake, said not. Via Project Karma, who had people on the ground, I can tell you that the media seemed to be about keep it hush to keep tourists content just before a peak season, whilst locals died.  Travel insurance would not cover us, the course was moved from Lombok to Bali and we thought “why not”?As long as we could avoid the crowds. So we headed north.Impressions 2018The Balinese may always be amongst the most beautiful in the world.Bali was beautiful. All it took was a 90 minute transfer.It was quiet, no boozing, a European and gay and couples crowd, beautiful location and seriously, perfect. As I undid my prejudices the only thing I was left with was the rubbish problem.It’s everywhere. It’s disgusting. It’s generational. It won’t be solved. It will forever be a blight on this beautiful island. Why is it so prevalent in Bali?  A lot gets washed up on beaches from other places. Secondly, if your food has been forever wrapped in palm leaves and at the end of every day you throw it away …the memo that plastic was different didn’t get airtime.Tour guides cursed the rubbish as they threw plastic bags full of food to the monkeys that attacked us. Sigh. Re-creation as a foodie destination has been a masterstroke, driven by Australian expats selling for slightly less with significantly lower than Australian business costs. Win Win win winAussie “troubles” in Indonesia (Schappelle, bombings, drug couriers, pedophiles…) just saw us bounce back in our Bintang singlets in record numbers, until recently when local authorities lamented naked yoga poses at temples.Now we can’t say Lombok without saying Sulawesi; earthquake and tsunami with significantly more graphic images. Are we endlessly resilient? Source = STUBA.com Can you post Bali pics without a Bintang in the sunset shot? I’ve been to Bali Too….often? Coz I love it? Not enough?“IM GOING TO BALI??????!!!!!!!!!!!!!!!!”.Still has some of the most wonderful sunsets It was 1984 and nan and grandad were taking me. It was cool to buy knock off Adidas runners, the Bali Bogan was unknown, BYO vegemite, Redgum had a hit single about Bali.We loved Bali.In the 90s I had work with Indonesia and by fluke stayed at the same hotel from 13 years before. The hotel was run down, tourism had dropped. The friendly haggling on the street had been replaced with threats to buy with a knife and there was a bit of a plastic problem ….But we still loved Bali.I lost interest. Bali bombing scared me. I want to holiday amongst other cultures. I don’t want to go shopping. I want pristine waters. Everything I heard from Bali was anything but that.I stopped liking Bali even though I hadn’t been for 20 years. A bit pathetic really. Off to Lombok Indonesia in the press – a challenging narrative Maybe I am over thinking it – this young lady had the time of her life.So where are we at with Bali? Destinations such as Cambodia and Vietnam, with low barriers to bribery and exploitation, make a compelling case to see something new, matching the experiential desire of the more modern traveller. Three hours more in a plane is not a problem.Meanwhile newly minted travellers from countries with fat cheque-books are descending in greater numbers. They have very different travel tastes and create conflicting tourist economies which do not crossover. The massive white tour buses not only block traffic but drive a very different economic agenda.But bless us,  Australians donate in record amounts to the Lombok and Sulawesi causes, because not only are we relatively wealthy, not only are we generous, but a lot of people have had the times of their lives in Indonesia and want more.Stunning Balinese Scenery. You can’t tire of that view.Will they keep going?  Time will tell.www.stuba.com learn more about stuba.com herelast_img read more

  • SBI and MakeMyTrip announces strategic alliance after signing MoU

    first_imgState Bank of India (SBI) and MakeMyTrip.com signed a Memorandum of Understanding, identifying areas of cooperation to expand the market for online travel services in India.  This strategic association will enable both partners to capitalise on the opportunity presented by India’s burgeoning internet economy that is driven by boost in adoption of e-commerce and m-commerce.  The two partners seek to unlock the array of business opportunities available in this segment across various spheres, by becoming integral to all the segments of the consumers’ lifecycle. SBI is aiming towards driving synergies between banking and various other aspects of a customer’s lifecycle including the travel segment and positioning SBI as the ‘go-to’ bank for all of customers’ needs. MakeMyTrip is focused on expanding the travel market opportunity by driving the offline-to-online adoption in the hotels & packages business, and meeting the travel aspirations of Indian customers.Speaking on the association, Arundhati Bhattacharya, Chairman, SBI highlighted, “Travel forms an integral part of a customer’s lifecycle and comprises almost 65% of the total e-Commerce market today. Our alliance with MakeMyTrip will work towards providing value to each of the stakeholder along the entire value chain of travel and tourism business, starting from hotels, travel agents, tour operators besides the end-consumers and our customer-base. SBI aims at becoming a ‘One Stop’ solution provider for the entire range of financial needs of e-Commerce players as well as our customers in the market. In the digital era, it is very important that the Bank stays ahead of the curve and such strategic alliances are the steps towards the right direction.”Deep Kalra, Chairman & Group CEO – MakeMyTrip, elaborated, “The overall macro sentiments are positive and we believe this is the right time to identify and execute opportunities to unlock the market potential. We already command nearly 50% of the online travel market-share in India. The key lever of future growth will be offline-to-online, or rather, offline-to-mobile shift. We believe our association with SBI, the trusted banker for millions of Indians, will help catalyse this shift and bring us closer to our target set of consumers. Our network of over 24,000 hotels, expanded service and product portfolio of Rail & Bus bookings and technology innovations of mobile bookings in local languages will further aid our adoption in Tier II markets.”The levers of this alliance include:1. Partnership with Personal Banking Unit for consumer facing propositions – including EMIs on purchase of holidays & international travel, customized travel products like Forex cards and travel products that inspire SBI customers to travel.2. Partnership with SME & Acquiring Business: MMT suppliers, such as 2-3 star hotels, franchisees, Trade & Travel partners will get access to SBI products, loans, bank guarantees, PoS payment instruments at preferential rates.3. Partnership with Cards for promoting card usage which will help in pushing the agenda of a ‘less cash economy’SBI expects the alliance to strengthen its existing business portfolio by leveraging the relationship between MakeMyTrip and its partners. MakeMyTrip customers will also be able to access special offers from SBI on debit/credit cards and personal financing.last_img read more

  • Cracking the code to cheaper plane fares

    first_imgEver wonder that just maybe the person sitting beside you in an aeroplane might have paid lesser than you. Here’s the reason why and how airlines arrive at the prices to begin with.Source: CNNlast_img

  • Morgan Stanley Plans to Exit Mortgage Servicing Business

    first_img October 25, 2011 435 Views “”Morgan Stanley””:http://www.morganstanley.com/ announced Monday that it plans to hand off its servicing arm in a major sale, making it the newest bank in a growing line of others leaving or substantially reducing their share of activity in the mortgage markets.[IMAGE]The financial institution said in a “”statement””:http://www.morganstanley.com/about/press/articles/3656d44e-fecc-424a-8fc6-bf0b1ad8ef96.html that it would sell Saxon Mortgage Services to “”Ocwen Financial Corp.””:http://www.ocwen.com/ for $59.3 million. The buyer will also pay $1.4 billion to cover fees for advance receivables outstanding, with the transaction expected to close over the first few months of 2012.A spokesperson for Morgan Stanley could not be immediately reached for comment. The Saxon sale marks the second big grab for Ocwen this year. In June the financial firm picked up Litton Loan Servicing from “”Goldman Sachs””:http://www2.goldmansachs.com/, which it secured for $263.7 million.Morgan Stanley joins a number of banks on their way out of the originations and servicing sectors, with many in the industry attributing their departures to onerous rules and regulation.Following moves by Goldman Sachs, “”Bank of America””:https://www.bankofamerica.com/ decided to “”shut down its correspondent lending unit””:https://themreport.com/articles/b-of-moves-to-shut-down-correspondent-unit-2011-10-04 when it failed to find a buyer in September.[COLUMN_BREAK] Life insurer “”MetLife””:http://www.metlife.com/ more recently opted out of the mortgage originations business by “”announcing that it plans to find a buyer for MetLife Home Loans””:https://themreport.com/articles/citing-regulations-metlife-may-sell-stake-in-originations-2011-10-13.The life insurer chalked up the departure to today’s “”uncertain marketplace and regulatory environment,”” which it said taxed “”people and capital”” and soured profitably in the mortgage lending business.Paul Miller, managing director with “”FBR Capital Markets””:http://www.fbr.com/, tells _MReport_ the departures “”don’t shock anybody. If you’re a big bank, why do you want to foreclose on old ladies and get crucified by Occupy Wall Street? The reputation for doing it is just too harsh. Why not just sell it?””Many citing rules and regulations in their departures make references to the Dodd-Frank Act, which critics charge with crimping the industry and slowing economic recovery.Earlier Tuesday, former “”Sen. Chris Dodd””:http://chrisdodd.com/ (D-Connecticut), vigorously defended his namesake in a “”_Washington Post_””:http://www.washingtonpost.com/opinions/five-myths-about-the-dodd-frank-financial-regulations/2011/10/19/gIQAtq7j4L_story.html editorial by characterizing the law as one that “”took aim at the riskiest practices”” in housing finance.””Whether or not you agree with the law’s provisions, repealing it would return us to a time in which nobody – not consumers, not regulators, not even other banks – knew what the Wall Street gamblers were doing until it was too late,”” he wrote in the _Post_. “”It would destroy confidence in our markets and faith in our financial system, certainly hindering our recovery.””Asked whether Dodd-Frank remains a factor in the steady flow of departures by big lenders from the originations and servicing sectors, Miller says he thinks it does.””A lot of the regulation was done very quickly by people who really didn’t understand the process,”” he says. “”It was jammed through Congress,”” he adds. “”If I am Goldman Sachs or Morgan Stanley, I want out of the business.”” Agents & Brokers Attorneys & Title Companies Bank of America Dodd-Frank Investment Investors Lenders & Servicers Processing Service Providers 2011-10-25 Ryan Schuette Morgan Stanley Plans to Exit Mortgage Servicing Businesscenter_img Share in Government, Origination, Secondary Market, Servicinglast_img read more

  • Home Price Recovery Spreads in June

    first_imgHome Price Recovery Spreads in June in Data, Government, Origination, Secondary Market, Servicing July 24, 2013 416 Views Home sales and prices grew in June in the vast majority of counties covered by “”DataQuick’s””:http://dataquick.com/ monthly Property Intelligence Report (PIR), the company reported.[IMAGE]According to the PIR, home sales increased in 40 of the 42 reported counties from May to June. Quarter-over-quarter, 36 counties reported sales growth, while 30 posted improvements year-over-year.[COLUMN_BREAK]The only two counties not showing monthly growth in the June PIR were Queens County, New York, and Oakland County, Michigan–which houses the city of Detroit.Meanwhile, prices grew on a monthly, quarterly, and yearly basis in 40 of the 42 counties. According to DataQuick, June’s price data shows an expansion in the number of areas recovering, with Northwest markets such as Seattle and Portland seeing prices rise more than 17 percent annually.””Despite lingering concern about the continued strength of the recovery, we are beginning to see a pattern of consistent housing growth spreading to more regions across the country,”” said Gordon Crawford, Ph.D., vice president of analytics for DataQuick. “”Last month, we focused on strong housing performance in the Rocky Mountain area, and we are now seeing that same kind of growth in the Northwest. In fact, nearly every market in the report saw home sale improvement of some kind during the month.””center_img Agents & Brokers Attorneys & Title Companies DataQuick Home Prices Home Sales Investors Lenders & Servicers Processing Service Providers 2013-07-24 Tory Barringer Sharelast_img read more

  • MBA Names VP of Membership

    first_img October 17, 2013 418 Views New,MBA Names VP of Membership in Data, Government, Origination, Secondary Market, Servicing The “”Mortgage Bankers Association””:http://mba.org/default.htm (MBA) has appointed Tricia Migliazzo as VP of membership for the association’s Residential Policy & Member Services Group.[IMAGE]Migliazzo brings to her position nearly a decade of management experience in the mortgage banking industry. She joins MBA from Lenders One/Altisource [COLUMN_BREAK]Portfolio Solutions, where she most recently served as director of business development, capital markets, and fulfillment operations. There, she grew the cooperative by recruiting members and investor partners while influencing program and product utilization for increased revenue growth.Prior to joining Lenders One in 2006, she was director of operations and business development at a mid-size national retail mortgage bank, where she worked to diversify product and business divisions to increase market share, expand target markets, and implement policies to adhere to regulatory compliance guidelines.””We are very excited to have Tricia join MBA to help grow our membership base and enhance MBA’s position as the one voice for the real estate finance industry,”” said David Stevens, president and CEO of the association. “”Tricia brings a deep wealth of industry knowledge and contacts which she will utilize to increase member recruitment, with a particular focus on independent mortgage bankers and community banks.””center_img Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Mortgage Bankers Association Movers & Shakers Processing Service Providers 2013-10-17 Tory Barringer Sharelast_img read more

  • Economists Review Progress on Road to Recovery

    first_imgEconomists Review Progress on Road to Recovery The housing market has made great strides in recovering from the problems that ail it, but there are still major improvements that have to occur before it’s back up to full health, “”Freddie Mac””:http://www.freddiemac.com/ said Thursday in its latest Economic and Housing Market Outlook.[IMAGE]The GSE’s “”January outlook””:http://www.freddiemac.com/finance/docs/Jan_2014_public_outlook.pdf focuses on four things the market needs to see before it can say the crisis is well and truly behind it: a healthy jobs market, mortgage delinquencies back down to historical averages, home prices that are consistent with payment-to-income ratios, and home sales more in line with historical norms.Thankfully, all of these indicators are moving in the right direction–but they’re not where they need to be just yet, say Freddie Mac economists Frank Nothaft and Leonard Kiefer.*A Healthy Jobs Market*Unemployment remains “”stubbornly high,”” the economists say, and December’s jobs report–which showed the unemployment rate falling as a result of more Americans giving up on work–wasn’t encouraging.Nevertheless, jobless numbers continue to move in the right direction, bringing them closer to what most economists agree is a good long-run rate: between 5 and 6 percent.With labor markets moving at their current pace, Freddie Mac predicts it will be another two years before the country is back to “”full employment.””[COLUMN_BREAK]*Normal Mortgage Delinquencies*Since rocketing up in the Great Recession, serious delinquency rates (now around 5.88 percent) have fallen by about half, but they remain well above the long-term normal average of about 2 percent, Nothaft and Kiefer say.””With continued improvement in the labor market, and increasing house prices, the delinquency rate should continue to fall, but will not be back to normal levels for some time,”” they said.*Home Prices Consistent with Incomes*As demonstrated in the build-up to the crash, rapid home price gains paired with meager increases to income create an unsustainable environment. Since mortgage rates have a big impact on monthly payment amounts, the two economists used rate levels as a gauge for how affordability has changed:””From 1999-2006, mortgage payments on [a] hypothetical 30-year fixed mortgage increased by 50 percent more than income growth in large part because of rapid house-price appreciation. Currently, payment-to-income ratios are only 60 percent of the level we had in 1999 suggesting fixed-rate loans will generally remain manageable for a typical family’s budget even with some additional increases in mortgage rates and house prices in 2014.””*Solid Home Sales*Historically, the economists say, home sales have averaged about 6 percent of the nation’s single-family housing stock at an annual rate. That figure climbed up to 9 percent during the housing boom before plummeting down to around 4 percent. At 2014’s expected sales pace of 5.8 million, they say the rate should rise up to 5.7 percent.However, with all-cash sales accounting for a relatively large share of sales activity, the originations picture still looks muted.So what does the big picture look like?””The housing market hasn’t fully recovered and has a good ways to go, but it is moving in the right direction,”” the economists conclude. “”Moreover, some markets are recovering faster than others and the home sales recovery is likely to slow with mortgage rates moving higher.”” in Data Agents & Brokers Attorneys & Title Companies Freddie Mac Home Prices Home Sales Investors Jobs Lenders & Servicers Mortgage Rates Service Providers 2014-01-17 Tory Barringercenter_img January 17, 2014 404 Views Sharelast_img read more

  • 3 Ways Lenders Can Increase Their Purchase Mortgage Origination Business

    first_img March 10, 2016 643 Views in Daily Dose, Data, Featured, News, Origination, Technology Share Mortgage lenders remain optimistic and unbothered by the news surrounding the dismal, but improving, state of the U.S. economy.A recent survey of 200 mortgage lending professionals from Lenders One showed that lenders are exuding confidence in the real estate market. In addition, lenders say that millennials, Hispanics, and boomerang buyers will lead the expected gains in business.According to the survey, 62 percent of lenders surveyed said that they expect mortgage purchase production to increase by an average of 11 percent in 2016. Another 87 percent indicated that the mortgage purchase market will be extremely active.Mortgage lenders in the housing market said that diverse growth opportunities will be the driving force behind the increase in business. Seventy-nine percent of lenders pointed to millennials as their target, as these young prospects enter into the peak age for purchasing a home. Hispanics were named by 71 percent of lenders surveyed, while non-traditional buyers in the rental and vacation home markets were named by 70 percent of lenders. Boomerang buyers, or those that can now qualify for a mortgage after undergoing a short sale, foreclosure, or bankruptcy, will be targeted by 68 percent of lenders.“The strong confidence levels we’re seeing among lenders highlight the continued bounce back from one of the most challenging real estate and lending environments in U.S. history,” said Lenders One Interim CEO Dan Goldman. “In an environment where lenders can once again focus on business growth initiatives, it will be more important than ever for mortgage professionals to have access to the tools and ongoing training they need to capitalize on these emerging trends.”Goldman sat down with MReport to explain why lenders are so optimistic in the housing market today and what they can do to reach untapped borrowers and grow their origination business.MReport: What is causing the uptick in lender optimism about purchase growth in the housing market when the economic picture was so bleak to start 2016?Dan GoldmanGoldman: If you think about the time frame that this survey was done, it was in the first two weeks of January and there definitely was optimism at that point among lenders. Lenders believed that 2016 would be a strong year and there will be more purchase business, and applications seemed to be up a bit. However, closings were not good in December and I say that because of the TILA-RESPA Integrated Disclosure (TRID) rule. A lot of lenders were struggling with TRID at that time from a closing perspective. There was good optimism early January on locks and applications and at that time, lenders felt that they might have a good year ahead of them.What they were feeling right then was that those applications were purchase-related and not as much on the refinancing side. If we fast-forward to now, where rates have ticked down a bit, I think that lenders are probably seeing more refinances and now the pain associated with TRID has softened a bit. As January progressed and even into February, we were still hearing about the pain associated with TRID, specifically on the closing side of the transaction.MReport: Explain how lenders are expecting to target millennials, Hispanics, and boomerang buyers populations. How will they get them to enter the housing market?Let’s start with the millennials. The key piece with millennials has been and always will be technology. Getting in front of these younger buyers with tools that are available will grab their attention. Part of that stems from the advertising that is available. Once an application is taken, either in-person or online, the status and the updating of the process is all being done on Android and iPhone applications. That engages the millennial and gets them involved. They are doing everything online or on the Internet. There are more things happening like an Owners.com or Zillow, where homes are being searched for online. They are engaging Realtors and mortgage companies online.The boomerang buyer leads themselves to some of the non-qualified mortgage (QM) products that are emerging, still with the Ability-to-Repay but there’s less guidelines and restrictions on products where there was a short-sale, foreclosure, or some type of event in years past the prohibited these buyers from fitting into a conventional application. Federal Housing Administration (FHA) loan are still prevalent for boomerang buyers because there are less stringent guidelines for a mortgage loan.Hispanics are an untapped market in many areas and I have seen a lot more activity, depending on geographic areas, where lenders are holding information sessions, event, and homebuyer seminars for lenders that have not been in that market and marketing to Hispanic buyers.  There’s been quite a bit of activity in the market recently and the expectation from those lenders that were surveyed was those three segments particularly would present opportunities to grow their business.MReport: What should lender expect in the housing market for the rest of 2016 and beyond in terms of their purchase mortgage origination business?Goldman: There is still going to be a focus on compliance, which we all understand and expect. There will be a focus on TRID to ensure that everything it encompasses is working properly. There will be a focus on vendor oversight which is becoming more prevalent in the market. There is also a significant focus on education and making sure that the loan officers are educated, trained, and able to target the borrowers for their business. The last piece is technology. Technology will be important because mortgage companies want to be on the cutting edge and using technology to be compliant, capture customers, and for educational purposes. Lender will need to use social media, search engine optimization to be able to reach the right borrower, tech solutions for figuring out underwriter income, and have a handheld application for borrowers to be able to check the status of their loan. This is what I see from an outlook perspective for the remainder of 2016. Lenders will be focused on how to grow their business, capture more purchase business, and with rates so low, pay attention to refinances. It should still be a strong year compared to last year, with the estimated 11 percent purchase originations growth.center_img Lenders One Mortgage Lender Purchase Mortgage Origination 2016-03-10 Staff Writer 3 Ways Lenders Can Increase Their Purchase Mortgage Origination Businesslast_img read more

  • The Results are In

    first_img Data Nationstar Q4 2016 Year-End Earnings 2017-02-22 Staff Writer Share Nationstar Mortgage Holdings reported significant revenue improvements over the previous quarter, and ended the year stronger than the previous on Wednesday. “Nationstar had an incredible year of success in 2016,” said Jay Bray, Chairman and Chief Executive Officer. “We increased servicing profitability BPS over 87 percent while ending the year with a record 2.9 million customers.“We enter 2017 with solid momentum and the opportunity to welcome almost 1 million new customers to our servicing platform as we continue on our journey to reinvent the mortgage experience for the customer and enhance our leadership role in residential servicing,” Bray continuedQ4 2016 was worth $2.01 per diluted share and net income reached $198 million, a significant gain over Q3 2016’s $45 million and $0.46 per diluted share. Overall, Nationstar ended the year with a total revenue of $789 million, a 37 percent increase over last year.The servicing segment finished the year with a net revenue of $528 million, $58 million for the quarter. Adjusted pretax income experienced a 49 percent improvement over the previous quarter. According to the report, Nationstar, “continued to implement technology and process initiatives to drive overall servicing profitability higher.”UPB at the end of Q4 was $473 billion, topping Q3 2016’s $453 billion. Nationstar boarded $161 billion of loans, including $95 billion of subserviced loans in 2016 in order to generate higher margin and significantly higher return on equity. They plan to board $144 billion in loans in 2017.In Q4, the originations segment earned $43 million in pretax income, and additionally posted a $223 million income for 2016. Originations increased customer recapture to 29 percent. For 2017, the originations segment plans to expand government lending and streamlined offerings, and further reduce operating costs.Xome, Nationstar’s online-only real estate service, sold 3,687 homes in Q4 2016, around 11 percent less than Q3 2016’s 4,061 homes. Xome finished the year with a total of 17,319 homes sold unable to beat 2015’s 20,640.To view Nationstar’s Fourth Quarter and Full Year 2016 Financial Results, click here. in Headlines, News, Servicingcenter_img The Results are In February 22, 2017 480 Views last_img read more

  • Fannie Mae Homebuyers Sellers Set for the Spring Season

    first_img The spring and summer homebuying seasons are likely to be better than expected. According to the Fannie Mae Home Purchase Sentiment Index (HPSI), both homebuyers and sellers are optimistic about the time to buy or sell real estate during these seasons.The index jumped 5.5 points in March to 89.8 to reach its highest point since June 2018, Fannie Mae data indicated. The rise was primarily driven by increases in the “Good Time to Buy” and “Good Time to Sell” components which rose 7 and 13 percentage points respectively.More consumers also expected interest rates to fall within the next 12 months. However, the net share of consumers who say home prices will go up increased 5 percentage points to 38 percent, down 4 percentage points from the same time last year.“A brighter housing market outlook drove this month’s increase in the HPSI—a welcome sign from consumers as we enter the spring and summer homebuying seasons,” said Doug Duncan, SVP and Chief Economist at Fannie Mae. “The results further corroborate the positive effect of falling mortgage rates on affordability, which we expect will help support a rebound in home sales.”The net share of Americans who said that mortgage rates would go down over the next 12 months increased 7 percentage points to -45 percent, according to Fannie Mae data. On the other hand, the net share of consumers who said their household income was significantly higher than 12 months ago increased 2 percentage points to 20 percent, up 3 percentage points from March 2018.“Job confidence—little changed from last month’s survey high–also continues to support housing sentiment, while income growth perceptions firmed from both prior month and year-ago levels, potentially supporting an uptick in housing demand,” Duncan said. “Additionally, consumers appear to have regained some confidence in the housing market, with perceptions of both home buying and home selling conditions returning to their longer-term trends.”The net share of Americans who said they are not concerned about losing their job decreased 1 percentage point to 80 percent. This component is up 9 percentage points from the same time last year, the Fannie Mae data indicated. Fannie Mae: Homebuyers, Sellers Set for the Spring Season Share in Daily Dose, Data, Featured, Newscenter_img April 8, 2019 905 Views Fannie Mae Homebuyers homesellers HOUSING HPSI Jobs mortgage salary 2019-04-08 Radhika Ojhalast_img read more

  • July 10 2018

    first_imgJuly 10 , 2018 Chilean citrus: Clementines end with 18% volume dr … Chilean blueberries fetched lower prices in 2018-1 … Chile: SAG launches phone app to identify ag pests … You might also be interested incenter_img Kiwifruit in Charts: With stocks at five-year high … “At the moment we don’t know how it is going to affect us, but it is not good, because we know how it starts, but not how it ends. It’s difficult to quantify in what way it is going to hit the export sector,” he said.”We hope that Chile doesn’t pay the consequences of this trade war between these two countries. We have a very successful history in the U.S. and more recently in China in terms of exports, so we hope that it doesn’t affect us.”Walker also highlighted the importance of free trade for Chile, saying it had helped the country to gain a strong foothold in foreign markets for various products.”We believe in free trade, open globalization, and for us these two countries are the most important in terms of trade because both China and the U.S. are very important markets for Chilean agriculture,” he said.www.freshfruitportal.com The trade war that recently began between the U.S. and China is not good news for Chile, according to the South American country’s Agriculture Minister Antonio Walker. The U.S. and Chinese governments both implemented 25% tariffs for US$34 billion of goods on each other on Friday, with many U.S. fruit products affected including cherries, apples and citrus.It does not appear there will be a swift end to the conflict, with no talks currently scheduled between the two countries and U.S. President Donald Trump having indicated he may impose much greater tariffs.Walker said that while it was unclear how Chile could be affected by the situation, he did not believe it would be positive given the strong trade relationships Chile has with both countries.last_img read more

  • Australia scores improved citrus carrot access to

    first_img Australia scores improved citrus, carrot access to … You might also be interested in Australian fresh vegetable exports rose by 11.4% last year with Singapore retaining its spot as the leading market, while high growth rates were seen for potatoes, onions, broccoli and cauliflower.The results were released by industry body Ausveg, whose national manager for export development Michael Coote said progress was testament to the hard work of growers who have persevered with the export process.”The Australian vegetable industry is continuing to experience solid growth in its exports, particularly on the back of strong performing products such as carrots, potatoes and broccoli/cauliflower to different high-value Asian markets,” Coote said.With the AUD281 million (US$199.5 million) result, the industry only needs another 12% push over two years to hit its 2020 target of AUD315 million (US$223.7 million).The growth in volume was faster at 15.5% to reach 227,000 metric tons (MT), of which carrots accounted for almost half.Singapore was the leading market with Australian fresh vegetable imports worth AUD50 million (US$35.5 million), followed by Japan, Malaysia, Hong Kong and Thailand; the latter notably provided a 54% uptick to AUD7.8 million (US$5.5 million).The broccoli/cauliflower category was the biggest riser with growth of 24% in value to AUD22.5 million (US$16 million) and volume growth of 33.5% to 8,500MT. March 19 , 2019 Australia: Hort Connections a “one-stop shop” for … center_img Tasmanian researcher investigates delicate balance … Coote added the positive outcome was also the result of Ausveg and the wider industry providing opportunities for growers to increase their capability and opportunities to enter export markets.”The Vegetable Industry Export Program, which is delivered by AUSVEG in partnership with Hort Innovation, continues to support the solid growth in fresh vegetable exports,” Coote said.”In 2018, the program facilitated the development of export capabilities for the industry by bringing 40 buyers into Australia to see local production, taking over 40 growers on outbound trade missions, and up-skilling another 40 growers through export readiness training.”The continued rise in the value of vegetable exports is particularly impressive when you consider that Australian vegetables are typically lower-priced products that are being grown in a high-cost environment, due to the rising costs of labour, electricity and water.”Coote noted growers were also subject to the effects of fluctuating exchange rates, but nonetheless exports have continued to build.”The industry is well on its way to reach the ambitious target of AUD$315 million in fresh vegetable exports by 2020 as outlined by the industry’s export strategy,” he said.”We are working with growers to ensure they have the skills and knowhow to improve their ability to export their produce and capitalise on increasing demand for fresh, Australian-grown vegetable produce.” Australia: Queensland govt boosts TR4 funding, cal …last_img read more

  • US Tomato prices could nearly double in case of

    first_img U.S.: Tomato prices could nearly double in case of … April 01 , 2019 If there is no new suspension agreement by May 7, a temporary anti-dumping duty of 17.5% would be imposed on US importers of Mexican tomatoes. In addition, the US government would resume the anti-dumping duty investigation initiated in 1996.Later, the US International Trade Commission would publish a determination on whether or not the US tomato industry was harmed due to tomato imports from Mexico. If it finds substantial harm, an updated anti-dumping duty would be determined. However, if no harm is determined, all restrictions to trade for fresh tomatoes would have to be removed.To read the full report by Rabobank (for Rabobank clients), click here. The U.S. has announced plans to unilaterally withdraw from the tomato suspension agreement with Mexico by May 7, 2019. In the meantime, negotiations may continue. According to the RaboResearch report, Tomato Fight: What Is at Stake?, if parties reach a renewed suspension agreement, specific conditions may change, and the withdrawal would be avoided. You might also be interested in Report summaryAs half of the fresh tomatoes consumed in the US come from Mexico, potential changes to international trade would have relevant implications – not only for growers, but also for shippers, retailers, and consumers, says David Magaña, Senior Analyst – Fresh Produce. “Specific implications for the players along this highly integrated value chain would depend on the nature of the potential outcome.” Trump calls off tariffs on Mexico, says it will bu … Mexican avocados: WTO to mediate after Costa Rican … PMA hires Rubén Ramírez as general manager in Me …last_img read more

  • For the last six years personal travel manager P

    first_imgFor the last six years, personal travel manager (PTM) Gayle Dawson has been using her expert travel knowledge and personal experience as a ‘Dance Mum’ to create tailored independent and guided dance tours for dance studios and their families.The enterprise has been so successful that Dawson is now partnering with other PTMs within the TravelManagers network to grow her Destination Dance business nationwide.Executive general manager Michael Gazal said this co-operation is typical of the company’s approach to business.“Each and every one of our PTMs is treated as an individual and a valued business partner within the group, and we actively encourage our PTMs to not only draw on their personal strengths and interests, but also to work collaboratively with their fellow PTMs.”Dawson, representative for Springfield Lakes in Queensland, said her Destination Dance business came from humble beginnings, when her daughter’s dance studio asked her to assist in taking a group of dancers to Disneyland in the United States.“As I researched various options, I found there were two main existing players in the dance travel market, but as a Dance Mum myself, I knew I could offer something more; something more unique that would allow families involved in the world of dance the opportunity to travel and perform abroad; and I could provide them with more cost-effective ways to do this,” said Dawson.Her Destination Dance brand grew out of that introduction, and as the business grew, it became necessary to find a creative solution to the potential problem of being too successful.“Because my business was growing quite quickly and far beyond what I could manage on my own, I invited other PTMs with similar backgrounds as Dance Mums to join Destination Dance not as employees but as partners in my business. I continue to do the marketing but as enquiries come in, I can forward them to their local PTMs to organise the bookings, using me as their mentor,” she said.Dawson said her inclusive approach has been key in ensuring the longevity of her business.“I wanted to bring in partners rather than employees, who would work in the business and share in the success of the Destination Dance venture, all the while supported by TravelManagers’ National Partnership Office and with the full weight of the TravelManagers brand behind me.  That support and expertise has been invaluable.”This co-operative point of view has enabled her to grow beyond where she could have gone as a solo operator. Destination Dance brand is now a major partner and sponsor with Showcase Dance, the biggest and longest running dance competition in Australia. Her relationship with Showcase Dance has put her in touch with dance studios throughout Australia, as well as in New Zealand, Asia and the USA.A Destination Dance event with the dance group performing on the USS Intrepid an Aircraft Carrier in New York CityDawson also offers a ‘Dance At Sea’ package, which allows dance studios and families who could not afford to travel to events in the United States to still have the opportunity to perform in a large arena for the public and partake in workshops instructed by industry professionals in the entertainment industry.“This is a great option for families to not only give their children this opportunity but to also enjoy a family holiday without breaking the budget. I have always loved Royal Caribbean as a brand, their booking system and organisation with group bookings is great, and it’s a great match for my business to have Royal Caribbean as my sole supplier for my dance group cruises,” Dawson said.“My vision this year is to pass on more bookings to my fellow PTMs and perhaps bring more PTMs alongside to work with me as business grows. I believe Destination Dance can be a real force in the dance group travel market and with my fellow PTMs working with me, I’m very confident that this will happen.”Image: Gayle Dawson PTMsTravelManagerslast_img read more

  • corporate travelTravelport Locomote

    first_imgcorporate travelTravelport Locomote Travelport Locomote has chosen Melbourne-based travel management company, 1000 Mile Travel Group, as one of the first agencies in Australia to access the company’s corporate travel platform.Sandra McLeod, CEO at Travelport Locomote, said: “To join forces with a local TMC such as 1000 Mile is a great opportunity for Travelport Locomote to grow its local customer network, and share our innovative capabilities with more Australian businesses.“It’s great to find a local agency with the same outlook as us when it comes to corporate travel – that simplifying booking processes can only mean savings in both time and money – and we’re looking forward to what this partnership will bring for the future.”The news comes on the back of Travelport Locomote’s recent launch in the UK as part of its global expansion plan for 2017. The Aussie travel tech company has plans to double in size by the end of 2017 to support its ambitious expansion strategy.last_img read more

  • Asia Pacific Travel Marketing Services APTMS is

    first_imgAsia Pacific Travel Marketing Services (APTMS) is set to expand offerings by partnering with LA City Tours – established in 1981, with a mission to provide each visitor with an enriching sightseeing experience that is worthy of the great City of Los Angeles. “I am absolutely thrilled to be working in partnership with Jan and her vibrant LA City Tours team,” said APTMS md Kylee Kay. “They are all so enthusiastic about L.A. and all the wonderfully fun ways they can help our clients to experience it. LA City Tours really brings the destination alive and complements a growing list of US based partnerships for APTMS”.LA City Tours invites guests to climb aboard and experience all L.A. has to offer, with an entertaining and knowledgeable guide, to explore everything from the glitz and glamour of Beverly Hills and Rodeo Drive and the world-famous Hollywood Sign, to the end of Route 66 at Santa Monica Pier and the Hollywood Walk of Fame. It is LA City Tours’ philosophy to provide the best value for the best price, striving to treat their customers just like family members visiting from out-of-town. Through their vast hotel partnerships, they have created the most convenient and cost-effective, Los Angeles tours and travel packages. APTMSLA City Tourslast_img read more

  • Riviera Travel has added three more soloonly Euro

    first_imgRiviera Travel has added three more solo-only Europe sailings for late 2019, bringing the number of solo-only cruises for this year to a record 12 departures.All cabins are for sole occupancy with no single supplement. Fares include daily guided excursions, onboard meals and Wi-Fi. Fares and cabins are subject to availability.The new solo-only sailings are:* An eight-day ‘Blue Danube’ cruise from Budapest on November 1, 2019, bound for Slovakia and Austria and return. The cruise aboard the brand, new, five-star river ship, William Wordsworth, launched this month, takes in the imperial city of Vienna, the stunning baroque-style abbey at Melk and the romantic ‘Sound of Music’ city of Salzburg. Fares are available for solo travellers from $2769.* An eight-day ‘Douro, Porto and Salamanca’ cruise, round-trip from Porto in Portugal on November 10, 2019, aboard the five-star Douro Splendour, with fares for solo travellers from $3659. The cruise takes passengers along the spectacular Douro river, which is lined by charming medieval villages and cascading vineyards.* An eight-day Burgundy, River Rhone and Provence’ cruise from Lyon to Avignon in France aboard the five-star William Shakespeare, departing on November 4, 2019. The cruise features the wine region of Burgundy, the flower-flecked meadows of Provence, the spectacular Rhone Valley, the gastronomic capital of Lyon, the Roman aqueduct of Pont du Gard and the city of Arles – once home to famed painter, Vincent Van Gogh. Solo fares are from $3549. cruiseEuropeRiviera Travelsingle supplementsolo travellerslast_img read more

  • Derrick Hall satisfied with Dbacks buying and se

    first_img Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires Comments   Share   Mathieu is a leading candidate for the NFL’s Defensive Rookie of the Year award. He’s recorded 68 tackles to go along with nine pass deflections and two interceptions. He also forced a fumble and started 11 of the Cardinals’ 13 games. Taylor has played in 12 NFL games after being selected in the seventh round of the 2009 draft by the San Francisco 49ers. The LSU product has been on the Cardinals’ practice squad all season. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelocenter_img Top Stories The Arizona Cardinals announced Tuesday that they’ve placed rookie safety Tyrann Mathieu on season-ending injured reserve and elevated safety Curtis Taylor to the active roster from the practice squad. Mathieu tore his ACL and LCL on a kickoff return in Sunday’s win over the St. Louis Rams. The rookie overcame a host of off-the-field issues that led to his dismissal from the LSU football team to become one of the league’s most productive rookies. Grace expects Greinke trade to have emotional impactlast_img read more