Regent Seven Seas Cruises appoints Senior VP and Chief Marketing Officer

first_imgRegent Seven Seas Cruises recently announced the appointment of Megan Hernandez as Senior Vice President and Chief Marketing Officer for the cruise line. Hernandez will lead the brand’s global marketing strategy and drive worldwide preference among both travellers and valued travel agent partners for Regent’s most inclusive luxury experience.“We are very happy to welcome Megan to the Regent Seven Seas Cruises family,” said Randall Soy, Executive Vice President of Sales and Marketing, Regent Seven Seas Cruises. “Megan’s proven leadership and extensive experience in the industry will be critical as we continue to expand our fleet of the world’s most luxurious ships and grow our distinctive brand.”Hernandez was most recently the Vice President of Guest Experience Marketing for Norwegian Cruise Line, where she led loyalty, product, consumer, and travel partner marketing, and market research. Prior to Norwegian Cruise Line, she was with Procter & Gamble and AT&T. She holds a Masters of Business Administration from the University of Southern California – Marshall School of Business, as well as a Bachelor’s Degree from Loyola Marymount University.last_img read more

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Good Neighbor Award Winners Announced

first_img Share in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers National Association of Realtors Processing Realtor Association Service Providers 2011-11-03 Abby Gregory “”REALTOR Magazine””:realtormag.realtor.org/ has announced this year’s winners of the publication’s “”Good Neighbor Awards””:http://realtormag.realtor.org/good-neighbor-awards/article/2011/11/2011-good-neighbor-winners-announced program, targeting Realtors whose commitment to community development sets them apart. Annually, REALTOR honors five individuals for their volunteer work and achievements in community improvement, and the magazine’s elite list focuses on those in the real estate industry who stand out as key leaders in all aspects of their lives, both personal and professional.[IMAGE]The 2011 Good Neighbor Awards recipients include “”Edina Realty’s””:www.edinarealty.com/ LeRoy J. Bendickson for his commitment to the National Multiple Sclerosis Society in Minnesota; “”Alain Pinel Realtors””:www.apr.com/’ Marta Karpiel for her work with Freedom Fields USA; “”Vito Anthony Homes””:www.vitoanthony.com/’ Vito. A Pampalona for his efforts on behalf of the Yellow Ribbon Fund; “”Wright Kingdom’s””:www.wkre.com/ Judy Pitt for her service to Kazi Yake; and “”Shaffer and Associates””:wshaffer.com/’ Wayne J. Shaffer for his support of St. Francis Catholic Kitchen, Siena House Maternity Home, and Jesus Mary Joseph Home.The president of the “”National Association of Realtors””:www.realtor.org/, Ron Phipps, said of the annual list, “”The realtors acknowledged through the Good Neighbor Awards program have graciously sacrificed personal time, money and effort to help improve the quality of life for others. Despite tough economic times these five winners have remained devoted to helping others whether in their own neighborhood or across the globe. I am proud to help them grow their efforts so they can continue the good work they do.””Phipps, broker and president for Rhode Island-based Phipps Realty, has previously been honored among recipients of the Good Neighbor Awards for his work with the Tomorrow Fund. Created in 2000, the program gives winners a $10,000 grant for the charity of their choice, as well as a $2,000 Lowe’s gift card.Bendickson earned his spot on this year’s roster thanks to his avid participation in the “”National Multiple Sclerosis Society’s””::www.nationalmssociety.org/ bike race to raise money for the organization; during 2011,[COLUMN_BREAK]Bendickson’s “”Real Estate Riders”” included 250 bikers, for a total donation of $146,000, and since he began coordinating his statewide team, Bendickson’s efforts have added up to nearly $1 million in support for the philanthropy.””Freedom Fields USA””:www.ffusa.org/ has a new fundraising tool thanks to Karpiel’s commitment to the group; she developed an initiative that lets donors select a precise, mapped location where they’d like to see their money used to eliminate landmines within Cambodia’s borders. Freedom Fields USA believes that Karpiel’s map tool has accounted for more than $250,000 in funding, and additionally, she was active in helping the organization snag a $50,000 grant from the U.S. State Department.Vietnam veteran Pampalona gives back at the “”Walter Reed Army Medical Center””:www.wramc.amedd.army.mil, where he created a multimedia center for patients and their families that provides books, videos, audio tapes, and snacks. Working with the “”Yellow Ribbon Fund””:www.yellowribbonfund.com/ since 2003, Pampalona has raised or donated around $500,000 to support veterans in need, and he is the national chair of the Yellow Ribbon Fund Ambassador program.””Kazi Yake””:https://sites.google.com/a/kaziyake.org/www/, which means His Works when translated, was founded by Pitt in 2008 to facilitate the advancement of clean water and hygiene initiatives for Kenya. Her passion grew out of years of mission trips to the country, and Pitt now leads teams of volunteers in Kenya twice a year, installing water filters, training midwives, and teaching farmers enhanced crop yield measures. Pitt is also working toward building a medical clinic, and she plans to move to Kenya permanently to continue her efforts full time.Serving the disadvantaged in Santa Cruz, California, Shaffer is the co-founder and president of “”St. Francis Catholic Kitchen””:www.stfrancissoupkitchen.org/, and he is also responsible for co-founding “”Jesus Mary Joseph Home””:http://www.facebook.com/pages/Jesus-Mary-Joseph-Home/139950827506?sk=wall, as well as being the sole founder for “”Siena House Maternity Home””:www.sienahouse.org/. Shaffer’s philanthropic pursuits provide shelter, emergency medical care, housing, and food for the homeless and others in need.Five relators were named among Good Neighbor Award honorable mentions, including “”Coldwell Banker Riviera Real Estate’s””:www.rivierarealty.com/ Robin Bahr for her commitment to “”Patti’s Prom Project””:www.facebook.com/pages/Pattis-Prom-Project…/357223938727; “”Marron Gildea Realtors””:www.marron-gildea.com/’ Elizabeth Fernandez for her work for “”Glen Rock Poverty Awareness Project””:www.causes.com/causes/237534-glen-rock-poverty-awareness-project; “”CMK and Associates””:cmkandassociates.com/’ Chrisitan C. Klueg for his efforts for The Pink Chicken; “”Star One Realtors””:www.starone.com/’ Mark Meinhardt for his service to “”Sophie’s Angel Run””:www.sophiesangelrun.org/; and “”Reecer Properties””:www.reecerproperties.com/’ Lynn H. Reecer for her support of “”Aboite New Trails””:www.aboitenewtrails.com/ant/events/. Each honorable mention award winner will receive $2,500 grants for their philanthropic organizations, as well as a $1,000 Lowe’s gift card.center_img Good Neighbor Award Winners Announced November 3, 2011 466 Views last_img read more

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Huntsmans Departure Highlights Politics of Housing Finance

first_img Agents & Brokers Barack Obama Confidence Consumer Financial Protection Bureau Fannie Mae FBR Capital Markets Freddie Mac House Financial Services Committee Housing Affordability Investment Lenders & Servicers National Association of Home Builders National Association of Realtors Processing Refinance Richard Cordray Service Providers The Cato Institute 2012-01-16 Ryan Schuette in Data, Government, Origination, Secondary Market, Servicing January 16, 2012 417 Views And then there were five. [IMAGE]Republican presidential hopeful and former Utah Gov. “”Jon Huntsman””:http://jon2012.com/ threw his support Monday behind frontrunner and former Massachusetts Gov. “”Mitt Romney””:http://www.mittromney.com/, calling for American energy independence, education reform, and protection from future bailouts. Veterans, young people, even ├â┬ó├óÔÇÜ┬¼├àÔÇ£complete strangers├â┬ó├óÔÇÜ┬¼├é┬Ø received their share of thanks from the exiting candidate in a farewell statement.Not unlike his fellow candidates ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô or the incumbent himself ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election.Of the Republican candidates left standing, few have taken a new stand on the housing issue. Romney offered his support for a foreclosure freefall last fall in an “”interview””:http://www.lvrj.com/multimedia/Five-questions-with-Mitt-Romney-132028338.html with The Las Vegas Review-Journal. The Hill “”reports””:http://thehill.com/blogs/on-the-money/1091-housing/204163-overhaul-of-fannie-mae-and-freddie-mac-unlikely-this-year that former House Speaker “”Newt Gingrich””:http://www.newt.org/ more recently renewed calls to remove “”Fannie Mae””:http://www.fanniemae.com/portal/index.html and “”Freddie Mac””:http://www.freddiemac.com/ from the mortgage marketplace.President “”Barack Obama””:http://www.whitehouse.gov/administration/president-obama stepped up housing proposals in recent months, spearheading a new version of the Home Affordable Refinance Program and recess appointing Richard Cordray director of the “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/. But critics suggest these stabs at issues miss a meaningful need for cohesive policy.Paul Miller, managing director with “”FBR Capital Markets””:http://www.fbr.com/, says that ├â┬ó├óÔÇÜ┬¼├àÔÇ£the Obama administration is quite content to use this crisis to bash the banks for his political gain.├â┬ó├óÔÇÜ┬¼├é┬ØHe cites a ├â┬ó├óÔÇÜ┬¼├àÔÇ£vacuum in housing finance├â┬ó├óÔÇÜ┬¼├é┬Ø that forces various housing programs and incentives to ├â┬ó├óÔÇÜ┬¼├àÔÇ£work against each other,├â┬ó├óÔÇÜ┬¼├é┬Ø adding that the United States needs ├â┬ó├óÔÇÜ┬¼├àÔÇ£a consolidated housing finance policy.├â┬ó├óÔÇÜ┬¼├é┬ØOthers suggest housing finance policy reform will likely fade as much as Afghanistan and Iraq in public imagination as Election Day nears.””Mechele Dickerson””:http://www.utexas.edu/law/faculty/amd844/, chair of bankruptcy law and policy at the “”University of Texas””:http://www.utexas.edu/ Law School, says it is ├â┬ó├óÔÇÜ┬¼├àÔÇ£not politically feasible├â┬ó├óÔÇÜ┬¼├é┬Ø for candidates to attempt a meaningful conversation with voters about housing finance this year.[COLUMN_BREAK]├â┬ó├óÔÇÜ┬¼├àÔÇ£I can├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ót think of any way you can come up with a long-term sustainable policy that won├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ót gore a number of valuable livestock,├â┬ó├óÔÇÜ┬¼├é┬Ø she adds, a reference to any number of special interests and political action committees at play for candidates in 2012.Recent polls suggest that the political will exists to make housing finance policy a platform issue. In December a “”National Association of Realtors””:http://www.realtor.org/ poll found that one-third of likely voters wanted to hear more about housing solutions from presidential candidates.The “”National Association of Home Builders””:http://www.nahb.com/ (NAHB) conducted another poll in early January that found three out of four likely voters agree that it is ├â┬ó├óÔÇÜ┬¼├àÔÇ£appropriate and reasonable├â┬ó├óÔÇÜ┬¼├é┬Ø for the federal government to support homeownership with tax incentives. Of these respondents, 84 percent identified as Democrats; 71 percent, as independents; and another 71 percent, as Republicans.In the same poll, a full 73 percent of voters disagreed with any endeavor to eliminate the mortgage interest rate deduction, with 68 percent vowing to oppose any candidate for public office who proposes to abolish it.├â┬ó├óÔÇÜ┬¼├àÔÇ£Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós long-term commitment to homeownership,├â┬ó├óÔÇÜ┬¼├é┬Ø Bob Nielsen, NAHB president and a Reno-based homebuilder, said in a related statement.””Mark Calabria””:http://www.cato.org/people/mark-calabria, director of financial regulation studies at the conservative-leaning “”Cato Institute””:http://www.cato.org, casts doubt on the accuracy of such polls.├â┬ó├óÔÇÜ┬¼├àÔÇ£Their questions tend to be loaded,├â┬ó├óÔÇÜ┬¼├é┬Ø he says, adding that some interest groups may try to ├â┬ó├óÔÇÜ┬¼├àÔÇ£spin poll results├â┬ó├óÔÇÜ┬¼├é┬Ø to curry favor for their policy initiatives.He also suggests that candidates may not feel the need to address issues involving housing finance, since of the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós four hardest-hit states ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Arizona, California, Florida, and Nevada ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô only the Sunshine State is a swing state. Party affiliation alone would likely help candidates bag the others in general election.Dickerson says this is a missed opportunity for meaningful reform.├â┬ó├óÔÇÜ┬¼├àÔÇ£What is frustrating to me is that we have this moment where we clearly have a housing crisis and we haven├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ót seen very many creative proposals to get us out of it,├â┬ó├óÔÇÜ┬¼├é┬Ø she says. ├â┬ó├óÔÇÜ┬¼├àÔÇ£Historically, we├â┬ó├óÔÇÜ┬¼├óÔÇ×┬óve always seen innovation to address our crises.├â┬ó├óÔÇÜ┬¼├é┬ØWith Huntsman now gone, GOP candidates include Gingrich, Romney, Texas Gov. “”Rick Perry””:http://www.rickperry.org/, former Sen. “”Rick Santorum””:http://www.ricksantorum.com/ (R-Pennsylvania), and Rep. “”Ron Paul””:http://www.ronpaul2012.com/ (R-Texas). The next Republican primary will take place Saturday.center_img Share Huntsman’s Departure Highlights Politics of Housing Financelast_img read more

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Pending Home Sales Index Slips Badly in April

first_img Agents & Brokers Attorneys & Title Companies Existing-Home Sales Home Sales Investors Lenders & Servicers National Association of Realtors Service Providers 2012-05-30 Mark Lieberman in Data, Government, Origination, Secondary Market, Servicing Share Pending Home Sales Index Slips Badly in Aprilcenter_img The Pending Home Sales Index (PHSI) gave back its entire March increase in April, falling to 95.5 from 101.1 one month earlier, the “”National Association of Realtors””:http://www.realtor.org/ reported Wednesday. The March index was revised downward from the originally reported 101.4 adding to the gloomy report.[IMAGE]Economists had expected the Index to increase 0.5 percent from March.Even with the decline though, the index is up 14.4 percent since April 2011, but is now at its lowest level since December, dampening expectations at the onset of the home-buying season.Pending home sales are counted when sales contracts are signed, and are viewed as a leading indicator of existing home sales; recent reports suggest that home re-sales should be a bit stronger over the next couple of months but at a level that is still fairly subdued. April pending sales would be included in the home sales report for June. The PHSI in February ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô which translated into reported [COLUMN_BREAK]sales (closings) in April ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô had been 97.4, up, 0.4 percent from 97.0 in January. April existing home sales, as reported, were up 3.4 percent from March.In percentage terms, the month-month PHSI decline was the steepest since April 2011 when the index dropped 7.7 percent month-month.The decline was the first in four months and was widespread. The index fell in three of the four census regions, improving only in the Northeast, and there by a modest 0.9 percent. The index plunged 12.0 percent in the West to 94.9, its lowest level since March 2011.The PHSI has been drifting upward, albeit modestly for most of the past two years. The April drop coming at the beginning of the traditional home buying season is a disappointing signal tempered further by the reality that a substantial number of sales contracts are failing to meet underwriting tests and/or other loan standards. Lawrence Yun, NAR chief economist offered a positive spin on the disappointing report saying a one-month setback in light of many months of gains does not change the fundamentally improving housing market conditions. “”Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues,”” he said.The index is based on a large national sample, representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy. May 30, 2012 423 Views last_img read more

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November ExistingHome Sales Jump to 3Year High

first_img in Data, Government, Origination, Secondary Market, Servicing November Existing-Home Sales Jump to 3-Year High Existing-home sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04 million, the highest level since November 2009, the “”National Association of Realtors””:http://www.realtor.org/news-releases/2012/10/november-existing-home-sales-and-prices-maintain-uptrend (NAR) reported Thursday. Economist had expected the sales pace to improve to 4.9 million.[IMAGE]The median price of an existing single-family home rose to $180,600 in November, up 10.1 percent from November 2011. November was the ninth consecutive month to see year-over-year price gains, maintaining the longest streak for yearly improvements since mid-2006.The month-to-month sales improvement reflected a downward revision to October├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós sales pace to 4.76 million from the originally reported 4.79 million.According to the NAR’s data, November existing-home sales–closed transactions–were up 14.5 percent from one year earlier. The increase in sales in November was the fourth in the last six months, following a similar pattern from 2011.According to NAR, the number of homes for sale fell in November to 2.03 million, the lowest level since December 2001. The months├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó supply of homes listed for sale dropped to 4.8 in November, the lowest since September 2005.Distressed homes (foreclosures and short sales sold at deep discounts) accounted for 22 percent of November sales (12 percent were foreclosures, and 10 percent were short sales), down from 24 percent in October and 29 percent in November 2011, NAR said. Foreclosures sold for an average discount of 20 percent below market value in November, while short sales were discounted 16 percent. In October, foreclosures sold for an average discount of 20 percent, while short sales were discounted 14 percent.Unlike the government report on new home sales which tracks contracts, the NAR report is based on closings, which means this report–though labeled ├â┬ó├óÔÇÜ┬¼├àÔÇ£November├â┬ó├óÔÇÜ┬¼├é┬Ø–actually reflects economic conditions in September, when contracts were signed.[COLUMN_BREAK]The median time on market for all homes was 70 days in November, slightly below 71 days in October but 28.6 percent below 98 days in November 2011. Thirty-two percent of homes sold in November were on the market for less than a month, while 20 percent were on the market for six months or longer; these findings are unchanged from October.First-time buyers accounted for 30 percent of purchases in November, down from 31 percent in October and 35 percent in November 2011.All-cash sales were at 30 percent of transactions in November, up slightly from 29 percent in October and 28 percent in November 2011. Investors, who account for most cash sales, purchased 19 percent of homes in November, little changed from 20 percent in October and 19 percent in November 2011.According to NAR, just under 44 percent of home sold were priced between $100,000 and $250,000.Sales may have been affected by Hurricane Sandy, which tore through the Northeast at the end of October and disrupted business activity. Closings are often bunched at the end of the month, and indeed, sales increased 6.9 percent to 620,000 in the storm-struck Northeast, up almost 15 percent from November 2011.””We expect an impact on Northeastern home sales in the coming months from a pause and delays in storm-impacted regions,”” NAR chief economist Lawrence Yun said.The median price of an existing home in the Northeast was $232,900, up 1.1 percent from October but down 2.0 percent from a year ago.Existing-home sales in the Midwest increased 7.2 percent in November to a pace of 1.19 million and were 21.4 percent higher than a year ago. The median price in the Midwest was $141,600, up 0.1 percent from October and 7.0 percent above November 2011. The sales pace in the Midwest was the strongest since September 2008.In the South, existing-home sales rose 7.9 percent in November to an annual pace of 2.04 million, 17.2 percent above November 2011 and the fastest pace since September 2007. The median price in the South was $157,400, up 3.6 percent from October and 10.5 percent from a year ago.Existing-home sales in the West rose 0.8 percent to 1.19 million in November, 4.4 percent higher than a year ago. The median price in the West was $248,300, up 2.1 percent month-month and up 23.9 percent since November 2011._Hear Mark Lieberman every Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:40 am and again at 9:40 eastern time._ December 20, 2012 393 Views center_img Agents & Brokers Attorneys & Title Companies Demand Existing-Home Sales For-Sale Homes Home Prices Home Sales Home Values Investors Lenders & Servicers National Association of Realtors Processing Service Providers 2012-12-20 Mark Lieberman Sharelast_img read more

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FHA Commissioner House Panel Square Off on Agencys Practices

first_imgFHA Commissioner, House Panel Square Off on Agency’s Practices At the second in a series of “”hearings””:http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=319161 held by the “”House Financial Services Committee””:http://financialservices.house.gov/ on the role of the “”Federal Housing Administration (FHA),””:http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration the agency’s commissioner, Carol Galante, faced a series of questions and criticisms from lawmakers while staunchly defending the role and actions of the FHA in recent years. The first hearing in the series took place “”last week.””:https://themreport.com/articles/house-committee-holds-hearing-on-fhas-viability-2013-02-06[IMAGE]Chariman Jeb Hensarling (R-Texas) opened the hearing by declaring, “”The American people deserve and demand a healthy economy.”” “”The spending-driven debt crisis that we have today is the great existential threat to our nation of this generation,”” Hensarling said. In order to set the nation on a sustainable fiscal path, the nation must develop a sustainable housing finance system, according to Hensarling. “”I have great fears that FHA as it is operating today is an impediment to both,”” he said. It was established during the hearing that FHA insures 56.4 percent of mortgage loans today. The VA insures another 23.9 percent, leaving the private sector with a minimal 19.7 percent market share. Galante was quick to assert in her testimony that FHA’s “”market share has been declining steadily since its peak in 2009.”” [COLUMN_BREAK] In regards to FHA’s capital position and fears of a potential federal bailout–which, according to an economist quoted by Hensarling, could exceed the entire Troubled Asset Relief Fund–Galante said the agency currently holds $31 billion in reserves against projected losses and expects to acquire additional revenue from recent books of business. Hensarling was the first but not the only representative to point out that despite a law mandating the FHA maintain a 2 percent capital reserve at all times, the agency has not reached that mark in at least four years, while it continues to push back projections of when it finally will. Rep. Michele Bachmann (R-Minnesota) criticized the FHA for allowing borrowers with poor credit, low incomes, and little down payments to obtain mortgages they are unlikely to be able to maintain. “”Who’s being helped by this situation?”” she asked. “”What the government is doing right now is hurting the housing industry,”” Bachmann stated. Galante countered that “”FHA is designed to fill in market gaps,”” and according to her, the agency “”has done just that.”” During her testimony, Galante said the FHA has helped 2.5 million families obtain mortgage loans over the past four years. Of these, 2.8 million were first-time home buyers. Galante said the housing crisis would have been worse without the access to credit the FHA provides. “”Moody’s Analytics estimates that were it not for FHA’s presence during the crisis, house prices would have fallen 25 percent further than they did already,”” Galante stated. Regardless, Bachmann argued that risky lending is not helping. “”Your lending practices are in the realm of predatory lending that we’ve been trying to mitigate,”” she said. Galante admitted the FHA has an overall 10 percent default rate but ultimately said, “”I don’t think that is unacceptable.”” February 13, 2013 418 Views Agents & Brokers Attorneys & Title Companies Carol Galante FHA Investors Lenders & Servicers Mortgage Insurance Politics Service Providers 2013-02-13 Krista Franks Brockcenter_img in Government, Secondary Market Sharelast_img read more

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Following October Bump Mortgage Applications Resume Trend

first_imgapplication,Following October Bump, Mortgage Applications Resume Trend The latest mortgage application data for last month shows October’s revival in refinance activity was short-lived.[IMAGE]Using weekly application numbers released by the “”Mortgage Bankers Association””:http://mba.org/default.htm (MBA), economic analysis firm “”Capital Economics””:https://www.capitaleconomics.com/ calculated a 1.3 percent decrease in total applications for the month of November. The decline offsets some of October’s 7.5 percent improvement and brings application trends back to a downward spiral.As of November, mortgage applications had decreased on a monthly basis in eight of 2013’s 11 months.The decrease came from a 2.8 percent drop in refinancing, which itself was likely a reaction to interest rate movements, says Paul Diggle, property economist for Capital Economics.””Remortgaging applications tend to respond to mortgage rates more-or-less instantly, and the latest small decline [COLUMN_BREAK]probably reflects the two basis point increase in 30-year mortgage rates to an average of 4.43 percent last month,”” Diggle said. “”The bigger picture is that the remortgaging boom has now passed and remortgaging volumes are set to remain subdued for the foreseeable future.””More important for the outlook of housing, Diggle says, is the trend in purchase applications, which recovered from a drop in October to rise 2.0 percent in November. Some of the recovery may reflect a rebound following the close of October’s government shutdown; applications for government-backed mortgages improved 3.8 percent in November, outpacing other market figures.Nevertheless, MBA’s data for the final full week of November shows a 4.1 percent week-over-week decline in purchase application activity, bringing volume down 37 percent compared to the same week last year.While purchase activity has been more volatile than refinancing–rising in six months so far this year and falling in the other five–Capital Economics expects demand to improve, especially as lenders continue to loosen their standards.Still, though, the company’s projections are marked by uncertainty.””[T]he most important determinant of mortgage demand will be the response of would-be borrowers to the slow but steady rise in mortgage interest rates that we are anticipating,”” Diggle said. “”Our expectation is that, with rates set to remain low in a historical context, mortgage demand will rise over the next year. But there is clearly a downside scenario in which even a gentle increase in rates prevents a meaningful recovery in mortgage lending.”” Agents & Brokers Attorneys & Title Companies Capital Economics Investors Lenders & Servicers Mortgage Applications Mortgage Bankers Association Mortgage Rates Purchase Loans Refinance Service Providers 2013-12-04 Tory Barringer December 4, 2013 415 Views center_img in Data, Origination Sharelast_img read more

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LRES Director Promoted to VP of Valuations

first_imgLRES Director Promoted to VP of Valuations Share in Headlines, News, Uncategorized LRES Movers & Shakers 2014-05-20 Tory Barringercenter_img In Orange County, LRES announced the promotion of company veteran Selene Nunez to the position of VP of valuations.Nunez has been with the valuations and asset management provider for 14 years, working formerly as assistant director of BPO and most recently as director of valuations. As VP, she is now responsible for enhancing the company’s delivery of property valuations and improving product operations and gross margins.”Selene’s experience and proven success with LRES made her an obvious choice for this position,” said Roger Beane, LRES’ founder and CEO. “Her contributions are especially important now as our client roster grows and we expand our range of services.” May 20, 2014 425 Views last_img read more

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Nationstar Beats Financial Expectations for Q3

first_img Nationstar Mortgage Holdings on Wednesday reported 52 cents per-share earnings for Q3. That’s 11 cents better than what analysts had expected for the company.The company also posted a negative net margin of 3.92 percent and a positive return on equity of almost 9 percent in its Q3 earnings statement. Nationstar posted revenue of $542 million, well above anticipated revenue of about $370 million. A year ago, the firm posted $0.36 EPS.Overall, Nationstar reported a net income of $52 million, making Q3 the first profitable quarter for the company in 2016. Nationstar was the only one of the three largest non-bank mortgage servicers rated by Moody’s (Ocwen and Walter Investment were the other two) to turn a profit for the full year 2015 ($43 million). In Q1 and Q2 this year, however, Nationstar posted net losses of $132 million and $92 million, respectively.Other significant numbers for Q3 included the company’s highest-ever unpaid principle balance of $453 billion, and an adjusted pretax income of $39 million. Nationstar also posted a GAAP pretax income of $83 million and adjusted pretax income of $85 million.”Our third quarter achievements solidify us as the preferred industry partner,” said Jay Bray, Nationstar’s chairman and CEO. “In the quarter we posted strong operational results, added almost 510,000 customers to our servicing platform, funded over 25,000 loans, and launched enhanced technologies that improve the home ownership experience for our 2.7 million and growing customer base. We ended the quarter with the largest servicing portfolio in our company’s history, are actively engaged in a significant pipeline and remain focused on creating value for our shareholders.”Servicing saw a $14 million increase in amortization, which Bray said “reflects our focus on improving portfolio performance and cost containment initiatives.” The company funded $5.5 billion for its servicing platform, which was a 6 percent increase over Q2.The company has been authorized to repurchase up to $250 million of common stock and has so far repurchased $125 million.Nationstar also boarded $100 billion in loans, including $91 billion worth of subserviced loans that Bray said contribute less revenue via basis points, but a higher margin and return on equity due to the limited capital deployed.“We expect subservicing flow and originations volume to replace anticipated run-off in 2017,” Bray said. We remain actively engaged, along with our capital partners, in several large opportunities that could substantially add to our servicing portfolio.”The Q3 results for Nationstar may be a sign that non-bank servicers have turned the corner financially. In late October, Ocwen reported a net income of $9.5 million for Q3, which was that company’s first profitable quarter since Q2 last year.Click here to view Nationstar Mortgage’s complete Q3 earnings report. November 2, 2016 613 Views Nationstar Beats Financial Expectations for Q3 in Daily Dose, Headlines, News, Servicingcenter_img Earnings Nationstar Mortgage Non-Bank Servicers Profits 2016-11-02 ScottMorgan1 Sharelast_img read more

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Are Some Housing Markets Softening

first_imgAre Some Housing Markets Softening? in Daily Dose, Data, Headlines, News Housing Markets 2016-11-02 ScottMorgan1 Sharecenter_img The familiar drumbeat of late in the U.S. housing market is the combination of rising prices and scarcer inventory, indicating a harsh market. But a new report from Trulia has found that sellers and landlords have spent the past year cutting prices and rents, leading the company to speculate that some markets could be softening.Over the past year, Trulia found that 70 of the 100 largest metros saw a half-percent increase in the share of for-sale listings with a price reduction. San Francisco came on top with a 3.07 percent increase in price reductions, though San Francisco remains a hot market. Only 8 percent of listings saw a price reduction this year, the second lowest out of the top 100 metros.Nationally, rental listing prices increased by 1.35 percent to 9.32 percent overall from the year prior. And 80 of the top 100 metro areas saw more rental prices drop from last year to this year. Texas was the most notable area for reductions. Dallas led the list with a 10.74 percent shift. And, returning to San Francisco, landlords offering a month free rent is a growing practice.According to Trulia, most months in 2016 showed a higher proportion of for-sale listings with price reductions compared to months exactly one year ago. Trulia emphasized that it is not saying that home prices have been declining‒‒in fact, the median for-sale listing prices increased almost 7 percent from last year to this year. Rather, the company suggests the market could be softening a bit.Mark Uh, a researcher for Trulia who wrote the report, said the reason for the softening could be that landlords and sellers listed their properties too high the first time around.“Perhaps it’s taking property owners a bit longer to sell or rent than you thought,” Uh wrote. “One solution may be to list the property a smidge lower (albeit still at a higher price than what you would have listed your house for the same time around last year) in order to attract more potential buyers or potential tenants. Such eye-blinking behavior or lesser degree of confidence is captured by the increase in the share of listings that saw a price reduction.” November 2, 2016 498 Views last_img read more

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DocMagic Grows By 42 Percent

first_imgDocMagic Grows By 42 Percent in News, Technology Share Recently, DocMagic, Inc., reported a 42 percent increase in volume for 2016. The company credits its growth to the mortgage industry’s demand for products that enable TRID compliance, eSignatures and eClosings. This is the second consecutive year that DocMagic’s volume has increased by roughly 40 percent.“Lenders have been looking for ways to assure TRID compliance since 2015, and DocMagic’s SmartCLOSE technology has become the industry’s go-to solution,” said Dominic Iannitti, President and CEO of DocMagic. “Our user base has grown quickly. A lot of existing DocMagic clients saw the value of SmartCLOSE™ immediately. It has also been an entry point for many of our new lender clients.”In the past two years, DocMagic has completed numerous key integrations between lenders using SmartCLOSE, their loan origination systems, and new settlement service provider systems. The company is developing more integrations for 2017.“The number of eSignatures completed has increased significantly since launching SmartCLOSE and Total eClose,” said Iannitti. “Lenders appreciate that they can stay compliant while gaining the speed and convenience of a digital process.”The company anticipates this growth to continue in 2017.“It’s very simple—at DocMagic, we’re dedicated to addressing the industry’s needs and demands with the very best solutions on the market,” said Iannitti. “That’s been the foundation of our business since we started, and we’re pleased to say that it remains the formula for our growth today.”center_img April 5, 2017 575 Views DocMagic 2017-04-05 Seth Welbornlast_img read more

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March Sales Soared But Is It Sustainable

in Daily Dose, Data, News April 21, 2017 618 Views March Sales Soared. But Is It Sustainable? Existing home sales nationally in March were up 4.4 percent over February and almost 6 percent over a year earlier, according to the National Association of Realtors. That translates to 5.71 million homes sold last month, at a pace not seen in more than 10 years. From listing to closing, NAR reported, the sales cycle was brisk all month, spurred by limited inventory and high competition in most markets.Existing sales gained most in the Northeast and Midwest. The Northeast, where the median price was $260,800, surged 10 percent to an annual rate of 760,000. That puts sales 4 percent higher than a year ago. In the Midwest, existing-home sales jumped 9.2 percent to an annual rate of 1.31 million in March, and are now 3.1 percent above a year ago. The median price in the Midwest was $183,000, up 6.2 percent from a year ago.The South grew, but more slowly, seeing a 3.4 percent uptick in existing sales last month to 2.42 million.  That’s 8.5 percent above a year ago. The West, however, saw a decline in existing sales last month. Sales were down 1.6 percent.Lawrence Yun, chief economist at NAR, was bullish about what the numbers mean.“The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month,” he said. “Although finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings in March for sales to muster a strong gain. Sales will go up as long as inventory does.”Not everyone was as enthusiastic. Tim Rood, CEO of The Collingwood Group, told Fox Business Network, “Unfortunately, This sales pace is not sustainable because inventories are actually going down. Existing homes sales will likely hit a wall over the summer unless something changes to increase inventory. Moreover, there remains too much uncertainty for current owners to know whether this is the right time to sell and whether they’ll find anything that makes economic sense and is suitable.”Redfin’s chief economist Nela Richardson, also called March’s sales numbers unsustainable.“Sales may be soaring, but inventory isn’t,” Richardson said. “Sellers are off to a slow start this year, as the number of homes newly listed in March fell 0.7 percent from last year. Redfin is just now starting to see a late-season lift in the number of homeowners interested in listing. As such, we expect sales to peak late this year–meaning a slower-than-normal June/July and a strong August/ and September.”Tight inventory is still the biggest factor in the marketplace: supply was 6.6 percent lower compared to a year ago, Rood said.“There were 1.83 million homes for sale on the last day of the month, which represented 3.8 months of supply at March’s sales pace. Properties stayed on the market for only 34 days,” he said.center_img Home Sales HOUSING NAR 2017-04-21 ScottMorgan1 Share read more

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Affordability Flatline

first_img Share Affordability Flatline August 10, 2017 556 Views With home prices on the rise, its unsurprising that home affordability is lower in the second quarter of 2017, although not by much. According to the National Association of Home Builders /Wells Fargo Housing Opportunity Index, 59.4 percent of all homes sale—new and existing—were affordable to families with a median household income of $68,000. In the first quarter, 60.3 percent of all homes sold were affordable to median-income households.Median home prices on a national scare rose from $245,000 in the first quarter to $256,000, and increase of $11,000. This is in lieu of mortgage rates dropping 25 basis point, from 4.33 percent in the first quarter to 4.08 percent in the second quarter.Regionally, the area of Youngstown-Warren-Boardman, Ohio-Pennsylvania, had a 93.3 percent rate of new and existing homes sales fall within the affordable housing market for families with a median income of $54,000. Second quarter 2017 marks the third consecutive quarter this region has commanded this spot.Additionally, in smaller national markets, Kokomo, Indiana was given the title of the nation’s most affordable area for the second straight quarter—96.9 percent of homes sold were affordable to families with an even higher median income at $62,500.In contrast, the nation’s least affordable market was the area designated San Francisco-Redwood City-South San Francisco, California, with 7.6 percent of homes being affordable to families with a median income of $113,100 per year. This metro has been the least affordable area to live in the nation for 19 straight quarters.  In fact, the top five least affordable small-housing markets in the country all call California home, with Salinas, California sitting at the bottom of affordability at 12.4 percent and a median household income of $63,100.Compared to the second quarter of 2016 when housing affordability was 62.0 percent, housing affordability is down in the second quarter of 2017. Median household is up, however, from second quarter 2016, when it sat at $240,000.center_img House Affordability Housing Opportunity Index National Association of Home Builders 2017-08-10 Joey Pizzolato in Daily Dose, Data, Featured, Headlines, News, Originationlast_img read more

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Over 90 Million Worth of Reasons Veterans Day is Every Day

first_img The recent observance of Veterans Day included well wishes and gestures of gratitude, from parades in Smalltown USA, to millions of social media mentions from celebrities to everyday people, expressing awareness of the magnitude of service and immeasurable benefits Americans enjoy because of the committed men and women who have served in the U.S. armed forces.When the day is over and the celebrations fade, there are reminders that there remains a critical need for tangible support of veterans.In October 2018, the veteran unemployment rate was 2.9  percent, an improvement from the unemployment rate of 3.7 percent reported for 2017, and down from 4.3 percent rate reported in 2016, according to the United States Department of Labor. But, there is still work to be done.VRM Mortgage Services (VRM), a leading real estate solution provider assisting government agencies and financial institutions, has invested more than a staggering $90 million in veteran-owned businesses since 2012.A corporation with a conscience, VRM also invests countless manpower hours by proactively seeking veterans to participate in its national vendor network and partnering with local organizations, like NPower, to recruit veterans for internships and full-time employment at its corporate headquarters.The U.S. Census Bureau’s Survey of Business Owners found that substantially all veteran-owned businesses (99.9 %) were small businesses. VRM sees this as an opportunity for collaboration.Operating in all 50 states, VRM also maintains a nationwide network of real estate professionals including real estate brokers and agents, property preservation vendors, and real estate attorneys. VRM’s leadership sees this sector as an additional opportunity to engage and support veterans. VRM’s Program Leads actively seek veterans and their small businesses to become a part of this sought-after nationwide network.Cheryl Travis-Johnson, EVP and COO of VRM, shares that VRM’s multi-layered support of veterans is far more than a collection of initiatives, and headline-grabbing financial spends, but a foundational philosophy.”Our support of veterans is about their future and the future of our country,” says Cheryl Travis-Johnson. “Engaging veteran-owned, small businesses through our extensive, results-driven network boosts the economic opportunities for veterans year over year. VRM is proud to work with these honorable men and women. This is our ‘why.'”She asserts that the landmark economic investment is notable, but, VRM’s effective management of the United States Department of Veterans Affairs (VA) real estate owned and loan portfolio benefits the communities in which veterans live and work by restoring neighborhoods, reducing disposition cycle times, and stabilizing home values.Illustrating this commitment, since 2017 VRM has achieved 240 percent of its subcontracting goal for engaging veteran-owned, small businesses while, at the same time, VRM exceeded government-established thresholds for subcontracting small, women-owned, small-disadvantaged, hub-zone, and service-disabled businesses.VRM’s SVP of Procurement and Risk Management, Tiffany Fletcher, said, “Cultivating a diverse and inclusive vendor network is a priority at VRM. In the history of managing the VA portfolio, we are proud to be the only service provider to exceed all socio-economic goals.” Fletcher continued, “In addition, veteran-owned businesses represent the largest portion of our direct spend. VRM takes pride in providing access and opportunities to veteran-owned, minority-owned and small businesses that they might not have otherwise been afforded.”Whether via statistics, news stories or dinner-table conversations, it has become widely known that veterans face unique challenges after having borne the weight of service, unimaginable to countless civilians.While, alongside a grateful nation, VRM extended gratitude and appreciation to United States veterans on their special day, it is easy to understand why at VRM every day is Veterans Day. Share in Headlines, News HOUSING mortgage Veteran VRM 2018-11-20 Rachel Williamscenter_img Over $90 Million Worth of Reasons Veterans Day is Every Day November 20, 2018 459 Views last_img read more

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Chile declares agricultural emergency in droughtr

first_img Chile declares agricultural emergency in drought-r … You might also be interested in “As the industry’s trade association, we are looking to build stronger links with colleges and universities in the UK to attract high-quality people with a range of interests and skills to a diverse industry,” he explains.Although the FPC already works closely with a number of colleges and universities across the country, its new objective aims to go further. Indeed, there is an additional exciting plan in the pipeline at the FPC, although Jenney is unable as yet to comment on the details.“This is about promoting awareness and knowledge about the transferrable information and skills that students can take from their academic careers into a practical application in the fresh produce industry.“We want to highlight that fresh produce is a rapidly changing and dynamic industry that has a range of opportunities to fit everyone’s interests; whether that’s engineering, agronomy, specialist IT and much more.“There is different set of skills that is required that goes beyond the supply of labour needed for harvesting or working in packhouses.”On that note, later this year the FPC plans to organise an event highlighting the use of artificial intelligence (AI) and robotics in the produce business.“This event is about promoting awareness in the industry about what AI and robotics can do for your business because the opportunity is closer than we all think,” Jenney says. “Although we have an ongoing and serious challenge for some time to come in terms of labour and availability, meeting that challenge will require us to adopt these technologies as rapidly as possible.”Widely recognised as the voice of the UK industry, the FPC plays a unique and crucial role in creating opportunities, defending livelihoods and supporting the growth of its more than 680 members’ businesses.With that in mind, the FPC is once again headline sponsoring The Fresh Careers Fair next month – the specialist recruitment event for the fresh food and drink industry.“Our commitment to support The Fresh Careers Fair in our view is a key part of the FPC’s aim to ensure that young people are attracted to the fresh produce industry, and, ultimately, that they enjoy a fantastic and long career in the sector,” Jenney explains. The FPC will participate as an exhibitor at the show where Jenney and two other FPC team members, Jenny Palmer and Cristina Melenchon, will meet and chat with the students and job seekers in attendance to explain the diverse career options available across the fresh produce, cut flower and pot plant sectors.On top of that, Jenney will take part as a fresh produce panelist in a ‘Dragon’s Den’-style competition that will give the young attendees at the fair a chance to practise their interview technique, and to pitch their career ideas to a panel of industry experts.“I’ve been privileged to be invited to participate as a dragon for the past three years, and I’ve always been extremely impressed by the quality of students, as well as their commitment and ability at such a young age,” he notes. “The students I’ve spoken to have been excellent.”The Fresh Careers Fair is the annual recruitment event for the fresh produce, retail, foodservice and hospitality sectors.The 2019 edition takes place on 13 March at the Business Design Centre in north London. For more information, email: joinus@freshcareersfair.co.uk March 06 , 2019 From the pages of Produce Business UKThe Fresh Produce Consortium (FPC) is working to build a stronger relationship with the next generations of talent in the UK in a bid to ensure that career starters, whatever their skills or interests, are aware of the diverse and rewarding opportunities offered by the fresh produce industry. Ahead of the FPC’s sponsorship of The Fresh Careers Fair 2019 this month, CEO Nigel Jenney gives PBUK a sneak peek into the new recruitment initiatives being rolled out by the UK’s fresh produce trade association.“The FPC wants fresh produce to become the sector of choice for students in the future,” Jenney reveals. “With the current challenges commercially and surrounding Brexit, on behalf of the industry we are looking to ensure that youngsters fully understand the fantastic opportunities and job prospects presented by the fresh produce industry for a very broad range of skills.”From the get-go, Jenney points out that quite often students and graduates are not truly aware of the diverse range of employment opportunities within the fresh fruit and vegetable trade. “When I’ve spoken with students in the past, there is a level of ‘Wow, I didn’t realise the breadth of opportunity in the food sector, in general’,” he points out. “We want students to know that the fresh produce trade presents an opportunity to use those skills and interests they never thought would apply to the fresh food industry.” Although Jenney accepts the outlook for the trade is not without its difficulties, he remains resolute about the positive prospects that working in produce has to offer youngsters, which is why they need to be aware of the possibilities as they begin to deliberate their career path.“It’s imperative for any business in any sector to have succession planning in place, and to be attractive to the younger age profile. But I think we face a challenge [in produce]; in recent years, there have been other businesses that have been considered to be more attractive. “The industry is committed to its ongoing expectation of securing talented people from around the world, although Brexit may make that a little more difficult. The whole fresh produce sector is very keen to attract new, committed and dynamic individuals into their businesses.“Companies want to attract those young individuals that will be their business leaders of the future. But it’s a challenge for all businesses, and it’s up to those individual businesses how they present their opportunities to potential employees, and how they can offer a modern working environment to develop employees’ skills and knowledge.”Just as society is adapting to the increasingly digital age, so too the produce industry is undergoing continuing shifts to modernise and remain at the forefront. This is presenting exciting and wide-ranging job prospects for both new and existing roles of which youngsters may not be aware. “We are a very dynamic and globally based industry,” Jenney explains. “There is an opportunity for young individuals to develop and progress no matter what their particular skills and interests are, which I think is highly unusual. You may choose to move to another company, but you will still be working in the global food sector.“I don’t think there is anything more rewarding than working in a business that is highly dynamic and one that is producing great food in an ethically and sustainable environment. It’s very much an environment in which many young people would wish to work at this moment in time.”Strengthening educational tiesTo that end, the FPC is focusing on building a stronger relationship with the very institutions in the UK that are responsible for educating and nurturing future generations of talent.center_img The U.S. says it will refuse conditions on tariff … Australia expects bumper avocado crop, plans expor … New table grape varieties lifting sales and boosti …last_img read more

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The Australian National Maritime Museum in Sydney

first_imgThe Australian National Maritime Museum in Sydney has celebrated the opening of its new waterfront venue – the Endeavour Pavilion – hosting an evening for MICE and travel industry folk on Thursday 8 February.Named after Captain Cook’s majestic vessel and its onsite replica, the HMB Endeavour, the Endeavour Pavilion is an exciting new addition to the wharves of the Museum, and offers all-inclusive event packages from $140 per head, with everything from venue hire to catering and furniture included. eventsMICEThe Australian Maritime Museum A bespoke marquee from White Umbrella, the Endeavour Pavilion can be arranged to suit any event (up to 200 guests seated or 350 cocktail-style) from cocktail parties, weddings, Christmas parties, product launches, corporate functions and award ceremonies, to large sit-down lunches or dinners. Nestled elegantly amongst historic vessels and set against the spectacular backdrop of the Sydney skyline and Darling Harbour, the venue offers guests a unique setting for a function with a wow factor.Event and function specialists from 212F, MCI Group, Commonwealth Bank of Australia, Exhibitions and Trade Fairs (ETF) and International Convention Centre Sydney (ICC) were among the guests at the VIP opening and were given the chance to indulge in an exclusive Mumm champagne tasting, win a luxury hamper provided by Wattle & Jones and of course, sample some of the tasty delicacies from the Endeavour Pavilion’s award-winning catering and corporate event-specialists, Laissez-Faire.With four furniture ranges to choose from, the space can be tailored to suit the theme of any function, from modern and edgy, to classic and refined. Clients can specify their furniture selection and how they would like the space to be configured, whilst the Pavilion is fully equipped with lighting and sound.“We are already receiving bookings for Christmas functions which is very encouraging. We are confident that event organisers and their guests will embrace the opportunity to share experiences including the magical VIVID Sydney in our prestigious new waterfront venue, the Endeavour Pavilion,” said Matt Lee, Assistant Director of Commercial and Visitor Services, Australian National Maritime Museum.last_img read more

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Travellers Choice Managing Director Christian Hun

first_imgTravellers Choice Managing Director, Christian Hunter, says the new strategic partnership with Zenith payments – collectively known as TC Pay –says the new payment solutions – collectively known as TC Pay – will make it easier for Travellers Choice members to process a range of business transactions, while at the same time safeguarding their businesses from risk.“One of the problems travel agents currently face is that they do not know the merchant fee until a customer’s card details are entered into the system,” says Hunter. “Our members can now quote the fee up front, secure in the knowledge that the price is accurate and that their business is protected against chargebacks.“This really is a win-win arrangement for both our members and their customers.”Under the new partnership, all Travellers Choice members have immediate access to a group level credit card merchant facility, with no application or ongoing monthly fees.The merchant facility is common-rated at a flat 1.5% for all Australian-issued Visa and MasterCard credit cards, regardless of whether they are gold, platinum, corporate or frequent flyer aligned. The fee is also inclusive of the AFTA Chargeback Scheme (ACS), providing users with protection against consumer debit and credit card chargebacks resulting from supplier insolvency.Zenith Payments is also providing Travellers Choice members with two additional payment solutions, including:· an exclusive layby solution (offered through Zenith Payments’ TravelPay brand) that, unlike standard layby arrangements, can be used to cover all components of a customer’s trip and delivers funds into an agent’s account within one business day (rather than the standard 3-5 days), ensuring timely payment of suppliers· a B2B payment portal, which Travellers Choice agents can use from 1 January 2019 to settle payment of everyday overheads – from utilities such as rent, power and phone bills, to the ATO – using a company credit card.Hunter says that the B2B payment portal will provide members with valuable loyalty points including earning Qantas Business Rewards.“We estimate the value of the reward points will not only offset the cost of the facility but enable an average member to earn multiple business class return airfares to Europe each year.”IMAGE:Travellers Choice Managing Director Christian Hunter agents b2bmemberspayment solutionsTravellers ChoiceZenithlast_img read more

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After a full season and a half the Cardinals final

first_imgAfter a full season and a half the Cardinals finally wonon the road Sunday, knocking off the Eagles 21-17. It’s no secret the defense played a big role in the win. The Eagles went 3-15 on third downs, while quarterbackMichael Vick was held to 123 yards passing with twointerceptions. It seems players are finally starting to soak up newdefensive coordinator Ray Horton’s system. “I think that there is no question that they’re startingto get a good feel for the defense,” head coach KenWhisenhunt said. “I also feel like they’re playing with alittle more confidence and that helps; we still make somemistakes but I think you’re seeing our guys make someplays they’re playing fast, being physical and they’regetting confidence that when they do it right they can bea pretty good unit.” Top Stories D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Earlier this season the defense was criticized for beingtoo old, but now that perception has changed with youngerplayers like Sam Acho, Daryl Washington and CalaisCampbell getting upgraded roles in the defense. Even though the defense looks improved, it’s still ascaled back version of Horton’s full scheme. Whisenhuntsaid learning the complete defense will take time due toall the new aspects. “There’s a lot of flexibility with this defense that wehaven’t gotten to yet,” Whisenhunt said. “Our guys areplaying what we’ve got in pretty well and we had a goodplan for Philadelphia to try to match up to some of thethings that they did and our guys executed it.” The Cardinals next game against the 8-1 San Francisco49ers will be the a real test to see just how much thisdefense has improved. Cardinals expect improving Murphy to contribute right awaycenter_img What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocation Comments   Share   last_img read more

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The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Given the mutual knowledge of the two coaching staffs and styles, another facet is added to the matchup, as the Colts head coach went on to note.“He’s got familiarity with us and we’ve got it with him, so I guess it’s a level playing field,” Pagano told reporters.Arians, as a one-time interim head coach, has intimate knowledge of the Colts’ ways, though only spending one season with the organization.Once the reunions are over on Sunday, however, it’s no holds barred. Arians told reporters Monday that he would “hide his emotions” well. And Luck reflected a similar sentiment.“I think once warm-up sort of gets going and the ball is snapped, it won’t be too hard for either side to take the emotions out of it and realize it’s a big game,” he said. “There’s a lot at stake.”Both the Cardinals (6-4) and Colts (7-3) are in the heat of playoff contention as they anticipate Sunday’s 2:10 p.m. MDT kickoff. Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires Now, on Sunday, Pagano and the Colts are set to visit Arians’ new stomping grounds at University of Phoenix Stadium. And it’s going to be emotional for both sides. “It’ll be great to see B.A., Jerraud Powers, a bunch of the coaches,” Colts quarterback Andrew Luck explained. Among the other reunions taking place Sunday, the Colts will see former offensive line coach, and current Cardinals offensive coordinator, Harold Goodwin on the opposite sideline. “I was hoping (the game) would never be on the schedule because too many emotional ties to what happened last year to have to play them,” Arians said Monday. “I’m just glad we are playing here and not there. That would really be tough to walk into that stadium.”Pagano, himself, weighed in on the game, cutting a similar outlook to Arians’ take.“Obviously there’s history there, but he’s exactly right,” he said while talking about Sunday’s game on a conference call with reporters. Pagano went on to talk about how deserving he felt Arians was of a coaching job prior to this season, making the matchup incredibly unique. “I think everyone in the coaching profession knows that was long overdue,” Pagano said of Arians’ hiring. 0 Comments   Share   Top Stories If you aren’t familiar with the Bruce Arians-Chuck Pagano-Indianapolis Colts narrative of last season, you must have been living under a rock. And, if you’ve since surfaced from beneath that rock and need a refresher, here’s a brief summary: Colts head coach Chuck Pagano was diagnosed with leukemia last September. Interim head coach, and now Arizona Cardinals head coach, Bruce Arians led the Colts on a 12-game tear through the regular season under the ‘Chuck Strong’ motto as more than 20 players, and two cheerleaders, shaved their heads in Pagano’s support. Pagano returned as head coach on Christmas Eve and, following the Colts’ 11-5 season, Arians got his first head coaching post in Glendale, after earning the AP Coach of the Year award.last_img read more

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Top Stories

first_img Top Stories Grace expects Greinke trade to have emotional impact 1. Hiring Bruce Arians The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo In this edition of “The Five,” I’ll take a look at the top five moves made under Keim’s watch in his first season as general manager. 0 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires One year ago, the Arizona Cardinals named Steve Keim their new general manager. Promoted from the role of Vice President of Player Personnel, Keim, who was 40 at the time, became the fifth-youngest GM in the NFL. Coming off a season in which the Cardinals won just five games, he certainly had his work cut out for him. One year and 193 roster moves later, the team’s win total doubled, putting Keim in the running for Executive of the Year. last_img read more

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