Capacity renewal sought for Fijiand Solomon Islands routes. Virgin Australia has applied for renewed capacity on both the Fiji and Solomon Islands routes.The International Air Services Commission has received applications from Virgin Australia seeking a renewal of determinations allocating capacity on the Fiji route and the Solomon Islands route.Other applications relating to the capacity subject to renewal are invited this week.Source = ETB News: P.T.
Quest Apartment Hotels has opened Quest West Perth at 54 Kings Park Road, the first of four brand new properties the leading accommodation provider will open in Western Australia this year; adding a further 395 extra rooms to Perth’s hotel supply.The new property is Quest’s second in West Perth, joining the well-established and highly successful Quest on Rheola in order to offerguests a wider range of options, while meeting a growing demand for quality accommodation in the area. Quest CEO, Zed Sanjana announced this new chapter in the Quest WA network as the state surges forward on the global business stage.“With so many large scale projects in the pipeline, the City of Perth is sure to see a dramatic transformation over the next ten years, reflecting the growing global importance of the city, bringing more commercial space and therefore a greater workforce into the Perth CBD,” said Mr Sanjana.“The state of Western Australia is at the forefront of research in a number of key technologies for the global economy over the next decade.“To date the State Government has committed to several major redevelopment projects, including the $1 billion Gateway WA project improving access to and from the Perth Airport precinct, the $2 million Fiona Stanley Hospital and the new $1.2 billion Perth Children’s Hospital.“Located only a few kilometres from three of city’s largest hospitals, Quest West Perth is also within walking distance to the new Kings Square development, further increasing employment opportunities in the local area.“Today’s opening is just the beginning of Quest’s growth in WA, with an additional 395 rooms on offer by the end of 2016,” he concluded.Quest West Perth Franchisee, Lloyd McAuley expressed his enthusiasm and belief in the success of the opening of the new Quest property.“I am thrilled to open our doors today in West Perth, one of hte city’s most exclusive business districts,” Mr McAuley said.“Quest West Perth is ideally situated in the heart of the resources corporate engine room, and in close proximity to world class health care facilities, leading education institutions and key tourist attractions; what better opportunity could we ask for?”“With a number of significant infrastructure project currently underway and those already existing in the Perth CBD and surrounding areas including Elizabeth Quay, we foresee strong continued demand for Quest’s style of accommodation.”Developed by Exklusiv Kings Park, the brand new property features 72 studio apartments. Guest have access to a onsite gym, reception, and conference room facility. Quest ApartmentsSource = Quest Apartment Hotels
Amara Bangkok unveils 20 percent offAmara Bangkok unveils 20 percent offPick a date! Stay at Amara Bangkok between March 1 – October 31, 2018 to enjoy an early-bird discount of 20 percent!Guests can start making reservations for a luxurious weekend stay at Amara Bangkok at an exclusive rate during March 1-15, 2018 only for stays during March 1 – October 31, 2018, to enjoy 20 percent off Best Available Rate. In addition, guests can enjoy additional perks such as 2 complimentary signature drinks at AkaAza rooftop pool and bar and complimentary late checkout at 2 pm [subject to availability], terms and conditions applied.Guests can book for the most idyllic staycation spot in Bangkok via website at https://book.grabrooms.com/amara-bangkok/?rate_plan=20staycation or call 02 021 8888 for more information.Term and conditions;Full pre-payment is required upon booking and non-refundableRate is subject to 10 percent service charge and 7 percent value added taxPromotion cannot be used in conjunction with any other promotions, discounts or offers at the time of visit Source = Amara Bangkok
Saudi Tourism authorities are set to develop a key project on a two million sq metre area of land in Al-Ahsa region of the kingdom. The project includes a commercial mall, hotel, tourism, recreational and marketing services.“Al-Ahsa will witness several tourism projects, investment opportunities in Al-Uqair beach, as well as sophisticated tourist events, along with the establishment of co-operative societies related to tourism with relevant government agencies,” stated Abdulateef Al Afaleq, the Chairman of the National Tourism Committee at the Council of Saudi Chambers (CSC).According to a Human Resources Development Fund (HRDF), Saudi Arabia’s tourism sector is expected to create more than 400,000 jobs in the next five years. HRDF, in coordination with the Ministry of Labour and the Saudi Commission for Tourism and Antiquities (SCTA), is working to assess the needs of the sector, and train Saudi nationals to fill in the void.While discussing the national tourism resources, and its challenges and prospects, HRDF Deputy Executive Director Abdulkarim Al-Nujaidi said that the fund along with SCTA and Ministry of Labour is currently working on 56 schemes to increase the number of Saudi nationals in the sector. Most of these projects have been launched already.
Visit Indonesia Tourism Office, India in association with PACTO & Marriott Hotels hosted ‘Singapore Airlines Award Function’ at the Ritz Carlton Pacific Place followed by a familiarisation trip to Jakarta from August 7 to 11, 2015. Singapore Airlines felicitated their top performing agents at the event. There were 10 travel agents from Mumbai and 11 travel agents from Delhi who participated in the familiarisation trip to gain a firsthand experience of Jakarta and Bandung. The delegation stayed at the JW Marriott and the Ritz Carlton hotels. The objective of the trip was to promote the island as a ‘must-experience’ destination both for pleasure on one hand as well as for holding conferences, meetings, corporate and incentive travel events of any scale or scope on the other.The group arrived at Jakarta from Delhi and Mumbai by Singapore Airlines and toured leading hotels namely Gran Melia, Manhattan, Sheraton Bandung, Ibis Trans Studio hotel, Aston Braga Hotel, Grand Sahid Jaya, Jakarta along with Ritz Carlton and JW Marriott during their five-day visit. They experienced and enjoyed shopping for batik and garment at Ciputra Mall and city tour and shopping at Bandung. They visited Padasuka Village for experiencing Saung Angklung Udjo (SAU), a one-stop cultural workshop, which consists of a performance venue, bamboo handicraft centre, and bamboo instrument workshop. Apart from being a cultural workshop, the group also enjoyed the Mini Indonesia Park, a park that exhibits Indonesia’s 32 provinces’ traditional houses, built in original size, with their various unique architectural-design as well as art and handicrafts. Indonesia has a lot to offer to the foodaholics. The team enjoyed the authentic Indonesian dishes at various restaurants like dinner at Queens Restaurant, Kampung Daun restaurant and many more. The dinner at Kampung Daun was hosted by Ministry of Tourism, Republic of Indonesia.Shelly Chandhok, Country Manager, VITO India, who was leading the FAM trip said, India being a top-of-the-table market for Indonesia in terms of tourist arrivals, we, at VITO, are looking at high-end luxury, weddings, MICE segments from the Indian market. Our focus is on promoting the other islands like Jakarta, Bandung, Batam, Yogyakarta, Lombok and other unexplored islands, etc. along with Bali.
According to the latest forecasts released by Tourism Research Australia (TRA), Chinese overseas visitor arrivals will overtake New Zealanders as the number one source of inbound arrivals, spending the most tourism dollars by 2017-18.The tourism body says Australia tourism has become much more important as the country ‘transitions to a more diversified service-based economy’ and it even believes it ‘has the potential to be Australia’s fastest growing industry’.Tourism Research Australia stated, “The most recent satellite accounts show that tourism Gross Domestic Product grew 7.4% in 2015-16, well ahead of the rest of the economy. By the end of 2020, it is forecast that total tourism spend, excluding day trips, will reach A$131 billion.”The tourism body also predicts that international tourism will increase its share of visitor dollars, with the inbound visitor spend expected to grow strongly and this share to rise from 33% in 2016-17 to 44% in 2026-27 at the same time that domestic tourism is expected to register ‘moderate growth.’By 2017-18, China is expected to overtake New Zealand as the largest source of both inbound arrivals and inbound spend at the same time that total international visitor numbers are forecast to rise by 13.1% from 8.6 million in 2016-17 to 9.2 million in 2017-18, and once again to 9.7 million in 2018-19.The main forecast rises are expected to be led by China, with a 26.4% increase from 1.3 million visitors in 2016-17 to 1.6 million in 2018-19. India will be second, up 21.1% from 278,000 visitors in 2016-17 to 337,000 in 2018-19, followed by Japan with a forecast rise of 15.1%, from 427,000 visitors in 2016-17 to 492,000 in 2018-19.Tourism Research Australia said the bottom line is that Asia will account for over half of all visitors to Australia during 2018-19, compared with 48% in 2016-17. TRA said, “Asia will also account for 64% of all visitor growth between these two time points, with China alone making a 29% contribution, followed by Japan (5.7%) and India (5.2%).”
Interest rates for mortgage loans slammed into new lows just before a holiday break, with investors hewing close to the safety of U.S. Treasury debt.[IMAGE]Finance Web site “”Bankrate.com””:http://www.bankrate.com/ and mortgage company “”Freddie Mac””:http://www.freddiemac.com/ released their findings in separate weekly surveys.Freddie found the 30-year loan falling to 3.91 percent this week, the lowest this year, as it rocketed past a previous rock-bottom rate of 3.94 percent. Bankrate.com meanwhile found the 30-year fixed-mortgage reaching a second all-time low for the week, as rates for the loan ticked up from 4.19 [COLUMN_BREAK]percent to crest at 4.20 percent.The 15-year loan remained the same for both Bankrate.com and Freddie, which found theirs at or near record lows of 3.42 percent and 3.21 percent, respectively.””This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January,”” “”Frank Nothaft””:http://www.freddiemac.com/bios/exec/nothaft.html, VP and chief economist with Freddie, said of the figures in a statement.For 5-year and 1-year adjustable-rate mortgages (ARMs), Freddie saw averages of 2.85 percent, down from 2.86 percent last week, and 2.77 percent, down from 2.81 percent last week, respectively.Bankrate.com observed 3.18 percent, down from 3.21 percent, for interest rates on the ARMs.””Mortgage rates haven’t moved much since the beginning of November, and the holiday lull in mortgage rates seems likely to continue for another week amid low volume in financial markets,”” Bankrate.com added in a statement. “”The puzzles of the European debt crisis and the state of the U.S. economy won’t be solved – and won’t change appreciably – in the coming week.”” in Data, Government, Origination, Secondary Market, Servicing December 22, 2011 428 Views Mortgage Rates Slam Into New Holiday Lows Adjustable-Rate Mortgage Agents & Brokers Bankrate Debt Crisis Euro European Union Fixed-Rate Mortgage Freddie Mac Lenders & Servicers Mortgage Rates Processing Service Providers 2011-12-22 Ryan Schuette Share
in Government, Origination October 11, 2013 435 Views Share Agents & Brokers Attorneys & Title Companies Compliance Consumer Financial Protection Bureau HMDA Investors Lenders & Servicers Regulation Service Providers 2013-10-11 Tory Barringer CFPB,CFPB Penalizes Two Institutions for HMDA Violations The “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ (CFPB) has ordered two mortgage lenders to pay civil penalties for violating the Home Mortgage Disclosure Act (HMDA) with allegedly inaccurate for applications from 2011.[IMAGE]According to a release from the agency, “”Mortgage Master””:http://www.mortgagemaster.com/corporate/ (a nonbank headquartered in Walpole, Massachusetts), and “”Washington Federal””:http://www.washingtonfederal.com/home.aspx (a Seattle-based bank), failed HMDA reviews when it was determined “”that their compliance systems were inadequate and that they had severely compromised mortgage lending data.””The HMDA, passed in 1975, requires lenders to make loan information to the public in order to ensure there are no violations of the Equal Credit Opportunity Act (ECOA) and to stop lending discrimination.””When financial institutions report inaccurate information, it obstructs the purpose of the Home Mortgage Disclosure Act and makes it more difficult for the CFPB to discover and stop discriminatory lending,”” said CFPB Director Richard Cordray. “”Today we are sending a strong signal that no mortgage lending institution–whether bank or nonbank–should be able to mislead the public with erroneous data.””CFPB’s consent order for Mortgage Master–issued alongside an order from the Commonwealth of Massachusetts Division of Banks–requires the lender to pay a penalty of $425,000 and to correct and resubmit its 2011 HMDA data. Mortgage Master is also directed to develop and implement a compliance system to prevent future violations.In a statement, Mortgage Master clarified that CFPB’s finding was related to administrative errors in the company’s reporting system and that none of the violations harmed borrowers in any way.””Mortgage Master has a strong commitment to comply flawlessly with all reporting requirements. … We have addressed the system issues that caused the reporting errors and we are in the process of verifying the accuracy of all data through the end of [the] second quarter of 2013,”” the company said.Washington Federal is required to pay $34,000 in addition to making the same changes to its reports and compliance system.In its own statement, Washington Federal said it agreed to the consent order because it did not believe the technical issues involved or the penalty justified litigation. The bank did, however, protest against the language in CFPB’s announcement, saying it was inconsistent with prior discussions, “”including [the agency’s] repeated statements to us that the order is the equivalent of a ‘traffic ticket.'””””For the record, the consent order relates to very technical interpretations of application data, such as date of application, on a sample of files reviewed during an examination occurring over a year ago,”” the statement reads. “”While we differ with their conclusions, we also realize that the CFPB has the final say and we will strive to meet their expectations in future examinations.””Since CFPB discovered the inaccuracies, the bureau says both entities “”have been taking steps to improve their HMDA compliance management systems and the accuracy of their HMDA mortgage loan information.””The agency also took the opportunity to issue a “”bulletin””:http://files.consumerfinance.gov/f/201310_cfpb_hmda_compliance-bulletin_fair-lending.pdf outlining how it enforces the HMDA. “”Another bulletin””:http://files.consumerfinance.gov/f/201310_cfpb_hmda_resubmission-guidelines_fair-lending.pdf was issued describing CFPB’s resubmission schedule and guidelines and setting a standard for error thresholds that examination teams will use to determine when institutions should correct and resubmit their data. The new guidelines apply to reviews that begin on or after January 18, 2014.
Fannie Mae Appoints EVP, General Counsel October 22, 2014 443 Views in Headlines, News, Secondary Market Former OneWest Bank vice chairman Brian P. Brooks is joining Fannie Mae as EVP, general counsel, and corporate secretary, according to an announcement from the company.Brooks has more than two decades of legal and business experience, also serving as chief legal officer for OneWest. In his dual roles there, he advised executive management and the board of directors on all key legal, risk, and strategic issues. He also developed and implemented strategies to manage litigation and government inquiries and led the bank’s compliance with regulatory orders on mortgage servicing and foreclosures.Prior to his tenure at OneWest, Brooks was a managing partner at O’Melveny & Myers, a global law firm, where he led an office of more than 150 attorneys and played a role in creating the banking industry’s response to the recent foreclosure crisis.”Brian has an impressive background in business and law, and is deeply credentialed in financial services and housing finance,” said Timothy J. Mayopoulos, Fannie Mae’s president and CEO. “Brian is an outstanding complement to our leadership team as we focus on supporting the economic recovery, improving our company, and building a sustainable housing finance system.”Brooks’ appointment is effective November 10. Fannie Mae Movers & Shakers 2014-10-22 Tory Barringer Share
in Headlines, News, Technology Share CoreLogic Insights App Service Provider 2015-11-05 Staff Writer CoreLogic, a global property information, analytics, and data-enabled services provider, recently announced that it has come out with their Insights App, a mobile app designed to enhance user perspective on U.S. and international property markets.Headquartered in Irvine, California, CoreLogic provides clients with assistance in identifying and managing growth opportunities, improving performance and mitigating risk in the real estate and mortgage finance, insurance, capital markets, and public sectors.The Insights App is designed to help mortgage business leaders, investors, analysts, and government policy makers gain continual access to mortgage, real estate and housing economy property intelligence, trends, and analysis. The app has a geographically configurable market metrics dashboard that enables users to monitor CoreLogic property data, including home price indices, homeowner equity, along with days on market and median sales prices.“The pace of change in the real estate economy is accelerating. More than ever, access to cutting-edge insights anytime, anywhere is essential to seizing opportunities and arresting risks,” said Olumide Soroye, managing director of Information Solutions for CoreLogic, via a press release from the company. “The Insights App connects users to property intelligence, market developments and trends that are important to business and regulatory leaders in shaping the real estate economy and as homeowners. This is an important step forward in our ongoing commitment to power the real estate economy with unique property insights delivered through next generation technologies.”In addition, the Insights App also includes blog posts and research publications containing original analysis and commentary authored by CoreLogic industry experts and data scientists.The app is available for download in the Apple App Store and Google Play for Android. For more information and details, visit corelogic.com/insightsapp. November 5, 2015 466 Views CoreLogic Launches Insights Mobile App
in Daily Dose, Government, Headlines, News With the economic picture on the path of improvement, many in the industry are wondering why the Fed was dovish in their decision to keep rates at their current level, while some expect the Committee to return hawkish for future meetings.This week’s minutes from the meeting, released on Wednesday, April 6 2 p.m. (EST), are expected to provide explanation and insight into what the Fed’s plans are this month.The Federal Open Market Committee (FOMC) stated in a press release following their March meeting that economic activity expanded at a moderate pace despite the global economic and financial developments of recent months.”Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 0.25 percent to 0.50 percent,” the FOMC stated. “The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.””The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run,” the release said. “However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.”In recent speech at the Economic Club of New York Federal Reserve Chair Janet Yellen remained dovish when questioned about future rate hikes. “A key factor underlying such modest revisions is a judgment that monetary policy remains accommodative and will be adjusted at an appropriately gradual pace to achieve and maintain our dual objectives of maximum employment and 2 percent inflation. Reflecting global economic and financial developments since December, however, the pace of rate increases is now expected to be somewhat slower,” Yellen said.National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long said in response to Yellen’s speech, “These were dovish remarks by Chair Yellen. In focusing on the downside risks to the economic outlook, she bolstered the case for the Federal Open Market Committee’s decision not to increase rates in March and for taking a very gradual approach to normalization. Moreover, she was somewhat dismissive of the hawkish claim that inflation has moved higher recently. Instead, she said, the evidence is flimsy at this stage and that inflation expectations have actually declined. Overall, the comments add serious doubt to the prospect for a rate hike in April.”Steve Murphy U.S. Economist at Capital Economics added, “The Fed opted to leave its key policy rate unchanged at 0.25 percent to 0.50 percent today, while also lowering its projections for the pace of future rate hikes. Nevertheless, as inflation continues to rise and global risks diminish further, we expect the Fed will resume raising interest rates in June. Thereafter, we think a marked acceleration in inflation will force the Fed to raise rates much faster than is widely appreciated.”Also this week:Tuesday, April 5Job Openings and Labor Turnover Summary (JOLTS), Bureau of Labor Statistics, 10 a.m. ESTHearing, “Assessing the Effects of Consumer Financial Regulations,” Senate Banking Committee, 10 a.m. ESTWednesday, April 6FOMC Minutes, 2 p.m.Thursday, April 7Jobless Claims, Bureau of Labor Statistics, 8:30 a.m. ESTHearing, “CFPB’s Semi-Annual Report to Congress,” Senate Banking Committee, 10 a.m. EST Share Federal Open Market Committee Federal Reserve Interest rates 2016-04-04 Staff Writer April 4, 2016 544 Views The Week Ahead: A Tough Call for the Fed
in Daily Dose, Data, Featured, News Home Price Appreciation Housing Affordability 2016-08-11 Seth Welborn Appreciation Negated Lower Rates in Q2 August 11, 2016 550 Views Home price appreciation in the second quarter largely negated a modest reduction in interest rates, driving housing affordability down, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index.In Q2, 62 percent of new and existing homes sold were deemed affordable to families earning the U.S. median income of $65,700. In Q1, that number was 65 percent. Also in Q2, the national median home price increased from $223,000 to $240,000, even as average mortgage rates dropped from 4.05 percent to 3.88 percent.For the third consecutive quarter, according to NAHB, the Ohio/Pennsylvania metro of Youngstown-Warren-Boardman was rated the nation’s most affordable major housing market, as 91percent of new and existing sales in Q2 were deemed affordable to families making the area’s median income of $53,900. Kokomo, Ind., where 98 percent of sales were deemed affordable to families earning the area’s median income of $60,900, was the most affordable small market in the country in Q2.On the other end of the spectrum, the Bay Area was the nation’s least affordable major housing market again. A mere 8.5 percent of homes sold in the second quarter were affordable to families earning the area’s median income of $104,700, and this position as the least affordable market has belonged to the bay area for nearly four full years. San Jose’s median housing price of $1 million, in fact, is the highest in the country, followed closely by an Francisco’s $885,600, according to the National Association of Realtors.California also had the five least affordable small housing markets in Q2. Santa Cruz-Watsonville, where 14.7 percent of all new and existing homes sold were affordable to families earning the area’s median income of $85,100, topped that section of the list.Lawrence Yun, chief economist at the NAR, said the lack of affordable houses in many markets has triggered battles for those houses that are affordable.“Many listings in a majority of markets, especially those in lower price ranges, had multiple offers and went under contract quickly because of severely inadequate supply,” Yun said. “This in turn dented affordability and without a doubt priced out a segment of buyers attempting to seek relief from fast-growing rents.” Share
in Daily Dose, Headlines, News Women in Housing 2016-08-17 Seth Welborn Share MReport magazine has announced the 60 honorees who will be part of its September 2016 special issue celebrating the accomplishments of women in the mortgage industry.This year’s honorees are broken down into three categories: “Power Players,” “Leading Ladies,” and “Emerging Leaders.” The 2016 “Power Players” are five mortgage and housing veterans with roles in both the government and private sector. Fifty additional women were selected for MReport’s 2016 “Leading Ladies” and “Emerging Leaders” list.The honorees were selected from nominations from their peers in the industry, who nominated them based on leadership qualities such as intelligence, drive, and pursuit of innovation.MReport’s Women in Housing honorees will also be acknowledged at the Women in Homeownership Leadership Forum at the Five Star Conference on Tuesday, September 13, 2016, in Dallas, Texas. The keynote speaker for the Women in Housing Leadership Forum will be Laura Bush, First Lady of the United States (2001-2009). Featured speakers will be Charmaine Brown, Director of the Office of Diversity and Inclusion, Fannie Mae; Amy Bonitatibus, Chief Communications Officer, Mortgage Banking and Credit Card Business, JPMorgan Chase; and Dana Dillard, EVP and Chief Customer Officer, Nationstar Mortgage.2016 “Power Players”Amy Bonitatibus, Chief Communications Officer, Mortgage Banking and Credit Card Business, JPMorgan ChaseDana Dillard, Chief Customer Officer, Nationstar MortgageDeborah L. Jenkins, SVP National Head of Multifamily Underwriting & Credit, Freddie MacGlenda Gabriel, Neighborhood Lending Executive, Bank of AmericaKimberly Johnson, SVP & Chief Risk Officer, Fannie Mae2016 “Leading Ladies”Caroline Reaves, CEO, Mortgage Contracting ServicesCarolyn Thompson, President and Owner, ASONSCharmaine Brown, Director, Diversity and Inclusion, Fannie MaeCheryl Feltgen, EVP & Chief Risk Officer, Arch MIDebbie Lastoria, VP Business Development, Nationwide Title ClearingDonna DelMonte, SVP Operations, AssurantHilary B. Provinse, SVP Multifamily Customer Engagement, Fannie MaeJackie Oliver, SVP Nationstar MortgageJill A. Showell, SVP Government and Community Relations, Ocwen Financial CorporationJill Kravig Burns, Executive Vice President, Mountain West Financial, Inc.JK Huey, SVP Mortgage, Foreclosure and Asset Management, Wells FargoJody Collup, VP Marketing, Global DMSJulian Grey, Mortgage Market Leader Data & Analytics, Black Knight Financial ServicesKathy Cummings, SVP Affordable Housing and Strategic Relationships, Bank of AmericaKatrina Jones, VP, Single Family Business Solutions, Fannie MaeKellie Chambers, AVP Investor Relations, Safeguard PropertiesKelly Chapman, SVP Client Management, Auction.comKim Mitchell, Senior Director, Lender Premier Services, ClosingCorpKristy Fercho, SVP Customer Delivery Executive, Fannie MaeLaurie Maggiano, Manager for Servicing and Securitization Markets, CFPBLisa Sadaoui, President & CEO, First AllegianceMaria V. Moskver, General Counsel & Enterprise Compliance Officer, LenderLiveMarianne Sullivan, SVP Single-Family Business Capabilities, Fannie MaeMarion McDougall, EVP Operations, Caliber Home LoansMarnie Ronda Lacue Applegate, SVP Credit Risk/Policy, Pacific Union FinancialMeg Burns, Managing Director, The Collingwood GroupMelanie Feliciano, Chief Legal Officer, DocMagicMercedes G. Henricksson, Director of Sales CPM Real Estate, Fannie MaeMichelle DeLeon, Managing Partner, Default Legal Services, Quintairos, Prieto, Wood & BoyerMin Lee Alexander, SVP Real Estate Services, AltisourceNadine Bates, SVP & Treasurer, Fannie MaePam Kosanke, Chief Marketing Officer, Renters WarehousePatricia Raymo, COO Retail, LoandepotPhyllis L. Wright, Ph.D., SVP HR Strategies, VRM Mortgage ServicesRamie Word, SVP Performing Acquisitions & Borrower Communication, Nationstar MortgageRebecca Smith, Director, Client Relations, Green River CapitalRenee Schultz, SVP Capital Markets, Fannie MaeRose Silverstein, AVP, Regional Director of New Business and Correspondent Sales Strategy, Radian Guaranty Inc.Sally French Tyler, EVP, First American Title Insurance CompanySally Taylor-Shoff, Scores Vice President, FICOSandra J. Troutman, Director, Corporate Communications, MERSCORP HoldingsSarah Alexander Goldfrank, SVP & Deputy General Counsel, Fannie MaeSerena Yang, VP, Marketing & Business Development, Civic Financial ServicesSharron P.A. Levine, Director, Office of Minority and Women Inclusion, FHFASusheel Mantha, CFO, LRES CorporationTami Bonnell, CEO, EXIT Realty Corp InternationalTerri Hunter, SVP Asset Management and Portfolio Oversight, Chronos SolutionsTracey Tran, VP Software Development, Nationwide Title ClearingTujuanna Williams, VP, Chief Diversity & Inclusion Officer, Fannie Mae2016 Emerging Leaders (35 years old and under)Kelly Brooks, CEO, Property MastersTonia Conner, AVP, Acquisitions, Nationstar MortgageErika Cheyney, AVP, Operations, ZVN PropertiesAmy Sanchez, EVP, PrescientTiffany Williams, Director of Default Services, Guardian Asset Management August 17, 2016 838 Views MReport Celebrates Achievements of Women in Housing
Treasury Doubling Down on Financial Crisis Mistakes? Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, where he criticized the U.S. Treasury Department’s recent approach to regulation of the housing market and the government-sponsored enterprises, Fannie Mae and Freddie Mac.Wallison, who will be discussing key topics such as GSE and housing reform as a keynote speaker at the 2018 Five Star Government Forum, has had the Treasury in his crosshairs in several recent Wall Street Journal op-eds, including a January piece entitled “A Rogue Treasury Department Turns Toward the 1930s.” During his Santelli Exchange appearance, Wallison echoed many of the concerns he voiced in that piece, expressing confusion that the Treasury Department seems to be veering away from the Trump administration’s overall focus on deregulation. “The Treasury Department … should be leading the charge on deregulation,” said Wallison, “and, in the area of housing, they are not. They’re going to work with Congress on a new program that will have government guarantees of mortgage-backed securities. That’s exactly the wrong way to go. What we have done in the past has failed. It has made mortgages and homes more expensive for people, especially low- and moderate-income people.”Wallison addressed recent discussions of GSE reform, citing a recent plan by the Federal Housing Finance Agency, which regulates Fannie and Freddie, that would increase regulation over those enterprises. As described by Wallison in his Wall Street Journal piece, the FHFA plan would turn Fannie and Freddie into “privately owned utilities” with regulated rates that would help ensure a “fair return” to shareholders. Both GSEs would issue mortgage-backed securities covered by a government guarantee that would, according to the FHFA proposal, “attract and retain shareholders while also supporting broad liquidity in the single-family and multifamily housing finance market with affordable mortgage rates.”The plan would also, according to Wallison, allow the successors to Fannie and Freddie to have “a lower rate of return on purchases serving low-income and moderate-income borrowers,” theoretically so that “all taxpayers can share in the benefits of federal support for the housing finance market.” However, both in his Santelli Exchange appearance and in his Wall Street Journal piece, Wallison argues that a focus on government-backed affordable housing initiatives led directly to the 2008 financial crisis by reducing Fannie and Freddie’s underwriting standards so they could hit quotas for low- and moderate-income mortgages, leading to a flood of subprime mortgages that eventually destabilized the housing market.Noting President Trump’s frequent criticisms of the Dodd-Frank act and calls for its repeal, Wallison criticized the Treasury Department for seemingly “going in the opposite direction” and working to “increase the power of the Financial Stability Oversight Council, which is at the heart of the Dodd-Frank Act.”In his January Wall Street Journal piece, Wallison put it succinctly: “The trouble here is not merely that the Treasury is an outlier in what was supposed to be a deregulatory administration. It is also that the department’s current custodians appear to have learned nothing from the financial crisis, which was caused by precisely the policies they now support.”“The concept of strategically important financial institutions being ‘too big to fail’ has failed,” said Five Star Institute President and CEO Ed Delgado when asked for comment. “It is time for the government to learn the lessons of the financial crisis and refocus policy toward housing, GSE, and regulatory reform that achieves real, positive change without repeating the mistakes of the past.”Click here for more information and to register for the 2018 Five Star Government Forum, April 3 in Washington D.C. February 22, 2018 778 Views 2008 Financial Crisis Affordable Housing Department of the Treasury Dodd-Frank Act Federal Housing Finance Agency FHFA GSE Reform Housing Crisis Housing Reform peter wallison Treasury Department 2018-02-22 David Wharton in Daily Dose, Featured, Government, Headlines, journal, News Share
BusaboutSusie ByrdTalking Travel Susie Byrd recently joined Busabout as Sales Manager. Travel Monitor sat down and had a chat with Susie about her new role, what it involved and where she thinks the industry is going in the next 12 months.What does your job involve?Growing sales within my territory by providing training to agents however, it’s really all about talking to people and transferring your passion about the product.What do you enjoy most about your profession?I love the fact that I’m constantly on the move. Coming straight off being a guide for the last 3 years living a nomadic lifestyle, this role is perfect for me as I get to meet so many beautiful people who are also curious to explore the world.What are the biggest challenges for you in your profession?As I’m only 2 months into the role, the biggest challenge for me so far is the learning curve required to get up to speed. The travel industry is changing so quickly so we have to be flexible and adapt.What do you think are the biggest challenges the industry faces?The travel industry really needs to keep up with the quickly changing demands of the everyday traveller. Everything is moving at warp speed and that includes how quickly a destination becomes popular and then slips into obscurity. We are responsible for providing for the demand but also ensuring that tourism in these areas remains sustainable so that destinations retain the reason we fell in love with them in the first place.What do you think will be the biggest game changer in the travel industry in the next 12 months’?Environmental travel- people are already looking to reduce plastic waste in their homes and everyday lives and are looking to make sure they’re supporting companies that do the same. Whether it’s having programs that plant trees, clean up waste or in general don’t support cruel animal tourism. It’s a step in the right direction for a more aware traveller to enrich the locals they visit, to do no harm and to also look for sustainable ways to support the countries, cities and villages we explore.Who inspires you most and why?I wouldn’t be able to narrow it down to a singular person but anyone that is unapologetically strong and confident in their own self and skills is inspiring to me.Who would you invite on your next holiday if you could choose anyone and where would you go?My nerdy side is going to come out here but I would probably choose Nikola Tesla and just pick his brain about how he saw his inventions shaping the future. I’ve been wanting to go to on our Busabout Ultimate Vietnam trip so I’d definitely spend a day at the beach purely for the laughs of seeing Tesla in an 1890’s bathing suit.Contact Email: Susie.email@example.com
What an MLB source said about the D-backs’ trade haul for Greinke Top Stories 0 Comments Share D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ The Cardinals, winners of 6 of their last 7 games to even their record at7-7, are now 3-0 in overtime this year — all in Glendale. Previously,Arizona had beaten St. Louis and Dallas in overtime affairs.Cleveland started quickly, taking the opening kickoff and driving 76yards down the Cardinals’ throats, culminating in a Peyton Hillis 1-yardtouchdown run to give the Browns a 7-0 lead.In the third quarter, backup Seneca Wallace hit Greg Little on a 76-yardtouchdown pass to stretch the lead to 17-7. It was the Browns’ longestplay from scrimmage this season. Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away GLENDALE, AZ — The Arizona Cardinals have found a comfort zone.Strangely enough, it’s in overtime.Jay Feely booted a 22-yard field goal with 10:56 left in overtime liftingthe Cardinals to a 20-17 win in front of 60,443 fans at University ofPhoenix Stadium.The winning field goal was set up by a 38-yard punt return by PatrickPeterson, which gave Arizona a first down on the Cleveland 40-yard line.Later in the possession, John Skelton hit Larry Fitzgerald on a 32-yardcompletion on 3rd down and 6 which took the ball down to the Browns’4-yard line.
TEMPE, Ariz. — At some point recently, you may have heard that the NFL has become a passing league. It’s true. Quarterbacks are piling up yards while receivers are putting up monster totals. Records are continually falling, and while it’s not quite the Arena Football League, defenses are still left trying to add pass rushers and cornerbacks to combat the aerial assault. “Yeah, probably since the last time they emphasized the rules after the New England/Indianapolis stuff that went on and it got hard for a couple years,” Cardinals coach Bruce Arians said when asked if it is more difficult to play cornerback now than at any other time in NFL history. “I like the new rules. I think our guys are athletic enough to play without their hands on defense, and people need to keep their hands off peoples’ facemask. Former Cardinals kicker Phil Dawson retires Comments Share “I think the rules are good.”Spoken like a coach whose background is on the offensive side of the ball.According to NFLPenalties.com, referees are flagging teams for an average of 0.99 defensive holding, 0.891 defensive pass interference, 0.457 illegal contact and 0.761 illegal use of hands penalties per game. Those numbers, while not necessarily high, are all up from last season, when there was less emphasis on enforcing certain rules.You will not find anyone in the Cardinals’ secondary complaining about the referees and attributing any struggles they may have to the way the games are being called. However, the already difficult task of containing the opponent’s receivers is now even more so.“Oh no question, no question,” cornerback Jerraud Powers said when asked the same question as his coach. “I mean, you can’t touch them. After five yards you can’t touch them. Football is a physical game; we all understand as defensive players it’s becoming more of an offensive game. The NFL wants TV ratings and wants the game to be exciting. We understand that part.“But it’s definitely tough to be a defensive back in this league because all the rules favor the receiver, and it’s just our job to adjust.” The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling Top Stories
Go back to the e-newsletter >The travel industry is waiting with bated breath for further information about the development of Kokomo Yaukuve Island Fiji, the first foray into resort properties for Lang Walker of Walker Corporation.Due to open to the public in 2016, the resort is accessed from the mainland by a Twin Otter seaplane, just the beginning of a series of luxuries that Walker hopes will render this resort the best in Fiji.In an interview with The Australian, Walker admits that although “I’ve got my training wheels on a bit,” the property is set to become the most luxurious in its radius.Aimed at guests from Australia, New Zealand, the US and Asia, the resort was originally under the clutches of Amanresorts.“The banks pulled the plug on the finance and it sat there for eight years,” Walker told the Australian, and he made this his opportunity to salvage the property.Surrounded by the Great Astrolabe Reef, the resort in its current stage features five villas, each featuring four-to-five bedrooms. Formal and informal living rooms, a kitchen and a separate dining room facilitate the needs of each guests, as does the outdoor shower complete with timber deck.Go back to the e-newsletter >
Italy overtakes FranceThe USA held on to its number two position showing that Brits are still willing to spend on long haul flights despite tougher economic times, but the third most popular summer destination was Italy which moved up two places compared to last year, displacing Turkey (4th) and overtaking France (5th).After a summer of civil unrest in 2010, Greece also moved up two places to number six this year which will come as welcome news at a time when economic woes in the country are still ongoing. Portugal fell one place to number seven, Cyprus moved up one to number 8, and the UK also dropped slightly to 9th, suggesting a move away from the ‘staycation’ trend of last summer. Croatia moved into the top ten, displacing Thailand which fell one place to number 11.Balkans BoomingThe highest new entry was from Kosovo which rocketed into the top 100 at number 67. Interest in the Balkan region has increased generally, with neighbouring Serbia climbing 11 places, Macedonia entering the Top 100 at number 95, and Bosnia and Herzegovina also just squeezing in at number 100. With a choice of city breaks, stunning coastline and mountain retreats, the Balkan region is evidently increasing its appeal to British visitors looking for somewhere different and offering good value for money.High Risers: Bangladesh, Cape Verde and MadagascarDestinations to see the biggest jumps in popularity compared to last summer were: Bangladesh which rose 15 places to number 81, Cape Verde rising 13 places to 78; Madagascar rising 11 places to 86, possibly helped by the recent BBC documentary series on the country, and Serbia which has been marketing heavily to the UK over the last year, rising 11 places to number 40.Beach Luxury DownMauritius dropped in popularity as did Antigua, Barbuda, and the Seychelles which disappeared from the Top 100 altogether; possibly due to the recent increases in APD tax, and a drop in high- end, luxury destination bookings.100 Most Popular Summer Destinations for British Tourists 20111. Spain 2. USA 3. Italy [+2]4. Turkey [-1]5. France [-1]6. Greece [+2]7. Portugal [-1]8. Cyprus [+1]9. UK [-2]10. Croatia [+1]11. Thailand [-1]12. Bulgaria +13. Canada [-1]14. Germany [-1]15. Australia 16. Ireland [+1]17. Poland [-3]18. Netherlands [+6]19. India [+1]20. Morocco [+1]21. Malaysia [+1]22. Switzerland [+1]23. Malta [-4]24. Czech Republic [+2]25. Egypt [-7]26. Indonesia [+5]27. South Africa [-2]28. Austria [+1]29. Hungary [-1]30. Mexico [+3]31. Kenya [+4]32. Sri Lanka [+9]33. Sweden [-6]34. China [+6]35. Hong Kong [-5]36. Norway [-2]37. New Zealand [+1]38. Albania [+1]39. Brazil [-7]40. Serbia [+11]41. Singapore [+1]42. Jamaica [+3]43. Japan [-6]44. Vietnam [-1]45. United Arab Emirates [-1]46. Denmark [-10]47. Russia [+3]48. Philippines [+10]49. Romania [+3]50. Tunisia [-4]51. Cuba [+9]52. Saudi Arabia [+14]53. Tanzania [-6]54. Peru [+2]55. Pakistan [-1]56. Latvia [+5]57. Finland [+2]58. Lithuania [-1]59. Gibraltar [+4]60. Iceland [-7]61. Israel [-6]62. Ghana [+2]63. Slovenia [+2]64. Belgium [-2]65. Slovakia [-17]66. Barbados [+1]67. Kosovo [NEW ENTRY]68. Dominican Republic [+7]69. Ukraine [+1]70. Colombia [+2]71. Estonia [+8]72. Montenegro [+1]73. Costa Rica [-4]74. Mauritius [-25]75. Argentina [-7]76. Korea (South) [+1]77. Zimbabwe [-6]78. Cape Verde [+13]79. Uganda [-5]80. Lebanon [-4]81. Bangladesh [+15]82. Nepal [+1]83. Nigeria [-1]84. Fiji 85. Cambodia 86. Madagascar [+11]87. Ecuador [-7]88. Maldives [-7]89. Jordan [+4]90. Zambia [-1]91. Algeria [-13]92. Malawi [NEW ENTRY]93. Trinidad and Tobago [-7]94. Iran [-2]95. Macedonia [NEW ENTRY]96. Syria [-8]97. Bahamas [NEW ENTRY]98. Taiwan 99. Chile [-9]100. Bosnia and Herzegovina [NEW ENTRY]Most searched for destinations on Skyscanner website for UK departures for June-September travel. Numbers in brackets show movement in ranking compared to Summer 2010. ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map Related2012 Travel Trends Report from SkyscannerFind out which destinations came top in 2012, and where everyone’s heading in 2013!Summer travel trends: winners and losers of British tourist trafficSkyscanner reveals this summer’s fastest growing destinations for British holidaymakersSkyscanner Flight Trends June 2010Crete, Sydney and Jo-burg up, Malta, Madrid and Venice down Spain remains number one most popular holiday destination for British tourists, but Italy, the Balkans and Greece are all rising up the charts this year.
New York, New York – Reported by Elite Traveler, the private jet lifestyle magazineOcean Sky, one of Europe’s fastest growing private aviation companies, announces a multi-million pound transformation of its private jet base (Fixed Base Operation / FBO) at London Luton Airport, giving it the ability to handle the anticipated rush of international passengers to London over the Olympics.The enlarged facilities will also include a luxurious passenger lounge, a new concierge service and seamless screening. On completion Ocean Sky will be able to handle three times as much business.Ocean Sky CEO Stephen Grimes comments ‘we are forecasting a significant increase in turnover at Luton following the new FBO’s opening. With space for up to 3o aircraft at any one time we will have the capacity in our first year to double our annual movements.’The new FBO will cater for all types of business aircraft from helicopters to long-range business jets.Grimes comments further ‘our diversified model covering ownership services, charter, sales and acquisition, interiors, engineering and handling protects us from fluctuations in the demand for private aviation travel. We are strongly committed to growth, which will see us expand our luxury offering to new locations in Europe and emerging territories.’By developing a state-of-the-art FBO at Luton, Ocean Sky will cement its position as a major player in the aviation market.The development is scheduled for completion late summer.www.oceansky.com