Source = ETB News: NJ Quest Serviced Apartments says it is business as usual in Wellington, despite a 6.5 magnitude shaking the region over the weekend. The quake, which struck on Sunday, was centred 20 kilometres east of Seddon, Marlborough, but caused most damage in Wellington’s CBD. Meanwhile in the South Island, Christchurch took a major step towards recovery after its 2011 earthquake, with the reopening of Cathedral Square. “Some of the apartments have sustained minor or cosmetic damage such as gib wall linings falling in and toppled furniture and televisions,” Quest Services Apartments New Zealand chief executive Stephen Mansfield said. “We are working with our managers and staff to fix this damage as quickly as possible to ensure guests have a comfortable stay.” Click here for more information. According to the hospitality group, the quake should not put people off visiting the city, particularly with engineers confirming Quest’s six Wellington properties experienced “superficial damage” and are all still “structurally safe”. Quest NZ CEO Stephen Mansfield
Sabre Corporation, the leading technology provider to the global travel industry, has selected Chrome River, a leading provider of expense management and supplier invoice processing software, as their expense management launch provider to integrate with Sabre’s recently-announced mobile platform for business travelers. The announcement was made at the GBTA Convention 2016.Sabre’s mobile platform will offer an intuitive total trip solution from the travel request all the way to employee reimbursement, and will be easily accessed on the web or via a mobile device. The solution will capture expenses made via Sabre virtual payments capabilities or traditional credit cards, and will automatically feed the data into the Chrome River expense management solution.This will provide the corporation with a fully reconciled record of all expenses – ultimately saving valuable time for the traveler and helping corporations more effectively track and monitor travel expenses.Chrome River’s expense management solution offers the same seamless mobile experience on any device without the need for any app download, thanks to its responsive design. This enables smoother booking and expense processing for travelers on any smartphone or tablet, making life easier both for end-users and corporate travel and IT teams.“The integration of Sabre’s mobile booking capabilities and virtual payments technology with Chrome River’s industry-leading expense management solution will create a best-in-class integrated platform delivering an intuitive experience to manage every aspect of travel and expense, including online and real-time reporting,” said Clinton Anderson, senior vice president – corporate strategy and traveler experience for Sabre.“Chrome River is a natural fit since we share a commitment to superior user experience and cost-control for corporations as well as a strong record of stability with a global presence.”Sabre and Chrome River have a longstanding integration relationship. This agreement furthers that relationship in the areas of product, sales and marketing and ensures that current and future joint customers will be able to access the most complete solution from the two companies.“Chrome River’s focus is to ensure business travelers have the tools that give them an effortless and seamless experience for managing their expenses, wherever they are,” said Alan Rich, CEO of Chrome River.“By working with Sabre, we are able to extend these capabilities by offering an integrated mobile booking and expense management solution to Sabre.” SabreSource = Sabre Corporation
The Taste of Japan Yummy Fun Truck sponsored by the Japan National Tourism Organization (JNTO) made its debut in Melbourne over the weekend, celebrating the launch of a new daily direct Qantas flight from Melbourne to Tokyo Narita.Part ice cream truck, part game show, JNTO has created a uniquely Japanese experience in the heart of Melbourne.Over 2,000 people queued up to sample the special Japan-inspired ice cream flavours created by the geniuses at Gelato Messina, as well as to take their chances at the Japan-inspired game show. Participants are blindfolded and asked to guess the flavours they taste. If they guess correctly, they move onto a vending machine which will dispense one of many coveted prizes – such as boiled egg moulds, chair leg socks, or…a trip for two to Japan!Lee May was the lucky winner of the first trip given away, and there are four more trips to be won over the next three weekends.Lee stated: “We are huge Japan fans, and saw on social media that this event was happening. We decided to make a day of it – we went for some ramen for lunch, and then the Taste of Japan Yummy Fun Truck provided the perfect dessert.”He added: “I’m not sure my boss is going to be too pleased, I might have to wait a little while until I can go, but we really cannot wait. We love Japan, we travelled all over and have friends in Tokyo so that is probably our favourite part. I really can’t believe we won, it is amazing.”Last year, JNTO asked fans to share their experiences, memories and stories from Japan through a social media campaign. Gelato Messina used these insights to develop eight amazing and unusual flavour combinations, from Make My Dai Dai to Wasa-Berri. Each weekend, the Taste of Japan Yummy Fun Truck will have four different flavours on offer. Japan is one of the hottest destinations for the people of Melbourne right now, and the Taste of Japan Yummy Fun Truck is sure to inspire even more Melburnians to try out the real Japan for themselves.The Taste of Japan Yummy Fun Truck was based at Southern Cross train station for its first outing, and will visit multiple locations in Melbourne every weekend until Saturday 11 and Sunday 12 March.For more information on travel to Japan and the Yummy Fun Truck locations, visit www.jnto.org.au. For daily travel inspiration and advice, see JNTO’s social media channels instagram.com/visitjapanau and facebook.com/VisitJapanAU. Qantas launched a daily direct flight from Melbourne to Tokyo Narita on 16 December 2016. Visit www.qantas.com.au Japan National Tourism Organizationfor more information, visitSource = Japan National Tourism Organization
roomsXML has over 96,000 properties worldwide . If you are unsure about which property to book, always check for the ‘Preferred’ logo next to the hotel; that means its been recommended by other Travel Agents. roomsXML Presents: The Châteaux and Hôtels Collection roomsXML.comconnect today roomsXML.comdiscover more here Source = roomsxml.com In response to agent demand, roomsXML has secured great rates for the Châteaux & Hôtels Collection of unique properties. Specialising in historical buildings and charming boutique hotels across France & Italy, many are accompanied by some of the top restaurants in Europe. With over 500 properties, the Chateaux & Hotels Collection allows the traveller to discover new places; immersing oneself in the experience of a different style of accommodation. All of the properties are one-of-a-kind; each having its own beauty and charm.Although each destination in the collection is unique, one thing is the same across the board: the quality & service is 5 Star.If you’re looking for something out of the ordinary to offer your clients, log in to roomsXML and book today ! roomsXML Presents: The Châteaux and Hôtels Collection
roomsXML – More Suppliers, Hot Deals www.roomsxml.com learn more about roomsXML.com here AirBnB to take Down ExpediaThis could be the biggest game changer we see in the booking of hotels onlineGTA/Octopus were unassailable. They were always going to be the biggest thing in hotels. Everyone had a preferred contract with GTA. By virtue of its nature, it’s practically impossible to see disruption coming.But giants do fall. Ask Microsoft when it comes to Apple, Apple when it comes to Android and locally, the demise of Holden. Axl Rose, a great technology commentator said “nothing lasts forever and both know hearts can change.”Few expected Qantas to partner with AirBnB; but Qantas only sign agreements when they know exactly what to expect in the near future. Calculated gambles. Not really it seems as in March, AirBnB wrote an open letter to boutique hotel and B&B operators claiming Expedia and bookings.com were ripping them off and that better business could be done with AirBnB.Boutique hotels will take notice. It is very to stand out from the crowd when you’ve only got 15 to 50 rooms of perfectly satisfied customers saying wonderful things about you when big hotels with global brands can afford big marketing budgets and have hundreds of rooms. Small hotels will be very interested in a marketing tool that takes on the big chains.Expedia owns a lot of the technology backbone from hotel to agent/traveller which means a faster and at times lower cost experience (with horrific customer service to boot) . But so too does AirBnB – people already configure how they want to rent out the spare bedroom and they recently signed an agreement with Siteminder, the system which manages the distribution of the rooms at each individual hotel.eBay was never meant to be the place where everyone sold everything, it was an auction site for our leftover home goodies. AirBnB is more than capable of selling hotels at high volumes. Same tech now to be used differently. They are also just big shoe boxes of data anyway.AirBnB only has 24,000 hotels , that will change. AirBnB could be the “go to location” to book a hotel that is not a Marriot, a Hilton or a Sofitel. As these brands have questionable relationships with Expedia, it puts them in an interesting position.Let’s consider the Qantas experience; book with Qantas, fly with Qantas, stay in some random home overseas and earn Qantas points during a safe credit card transaction. AirBnB contracts more and more hotels, some of which are available through traditional channels like Expedia, Ready Rooms and roomsXML. Qantas has a new bargaining chip. AirBnB is also light on contracts ( which could be more of an issue in the UK…) which saves a business cost. Hell, they don’t even care if you are a hotel or not.Don’t be surprised when your local AirBNB rep (who used to be your Expedia rep and Octopus rep) comes to you with great deals about the new AirBnB agent affiliate network scheme….Big changes brewing. Qantas don’t get many bets wrong.PS Footnote AirBnB might need to be a little less aggressive when it comes to dealing with behemoths like Marriot…
STUBA: Tantalising Thailand Source = STUBA Take a trip with Stuba to Tantalising Thailand. Thailand has been one of the Aussie favourites for approaching 20 years. It has top resorts, exciting nightlife, and the dollar stretches further than other destinations. Even more family friendly than years past, there are dozens of top cities and towns where your clients would be happy as Larry.Phi Phi Island is the more grown up, family friendly, and slightly more mature destination, while Bangkok is a city full of excitement, fun and nightlife.Stuba is constantly updating their Thai inventory and contracts to get the best deals for travel agents. The quality of the resorts these days is staggering, with significant effort being made to improve the overall experience for the thai tourist.Here’s 5 fab things to do in Thailand, in no particular order !1.Bangkok By Night: Its hot in Bangkok…very hot. So hot that best way to tour is often at night. The Bangkok night tours (by tuk-tuk of course), take in some of the best food trucks, night time hot spots, and the amazing illuminated Wat Pho temple. Food is included, and the hectic traffic of day time becomes a non issue. Stop offs include the night markets, helping you collect you quota of gifts for folks back home.2. Private Boatride to Koh Tapu (James Bond Island). The world famous island with a superb beach, is available by speedboat; just like James did. When there, snorkeling, canoeing, or just relaxing on the beach (Naka Noi) will help unwind the weary, and invigorate the dozy.3. Chiang Mai Zipline: Set in the beautiful pristine rainforest, the zipline tour is one of the longest in Asia. From treetop to treetop, feel the air fly past your hair in this fun and relaxing adventure. With over 30 platforms, your will catch glimpses of fauna such as Gibons and wild birds. Thy usually throw in free meals and refreshments.4. Jungle Safair In Koh Samui: Escape the crowded beach and head for a 6 hour 4×4 tour, taking in the island sbeutiful flora and fauna in an adventure that wont be forgotten. Side trips to the Magic Buddha Garden, and take lunch in an amazing location including the superb Namuang Waterfall.5. A trip to Thailand would not be complete without a tour of the spectacular Grand Palace in Bangkok, and the river of kings. A private tour boat will take you through the canals of Bangkok (nicknamed the Venice of the East). The Grand Palace originally was the residence of the King of Siam. Highlites include gazing upon the most holiest statue carved from Jade, the Wat Phra Kaew. When finished, there is plenty of time for a Thai massage (back in town) and a watermelon refreshment.
Pham Ngoc Minh, General Director of Vietnam Airlines mentioned that the airline would aim to transfer 16.7 million passengers in 2015, up 6.2% annually. Also, the airline aims to transport 84.9 million passengers from 2015-2018 which will represent annual increases of 16.1%.Minh said the company plans to invest nearly 23 trillion VND (Vietnamese Dong), of which 21.2 trillion VND are allocated to increasing its fleet. He also said that the company will maintain their seat occupancy rate of 78.5% and market share of 45.9%. The airline also aims to airlift 967,000 tonnes of cargo, up 13.9%.
September 29, 2011 443 Views in Data, Origination, Secondary Market, Servicing Mortgage rates again smashed records Thursday by falling to new lows as investors continued to flee Europe, buying up safer U.S. Treasury debt, keeping interest rates low, and setting up all-time highs for housing affordability, according to “”Freddie Mac””:http://www.freddiemac.com/. Finance Web site “”Bankrate.com””:http://www.bankrate.com/ differed by posting slight upticks for the benchmark 30- and 15-year fixed-rate mortgages.[IMAGE]The disagreement between the two rate-trackers crests on separate weekly surveys. Freddie found rock-bottom rates by drawing data from a bevy of lenders for the “”Primary Mortgage Market Survey””:http://www.freddiemac.com/pmms/, while Bankrate.com culled information from the nation’s top 10 banks and thrifts for its own survey.According to the GSE, rates for the 30-year loan collapsed to 4.01 percent, averaging 0.7 points, a steady slope downward from last week, which recorded 4.09 percent ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô still below 4.32 percent from the same time last year. Bankrate.com contrasted the breathtaking plunge by duly noting a rise in interest rates for the 30-year loan to 4.30 percent, averaging 0.37 discount and origination points.For the 15-year fixed-rate mortgage, Freddie denoted a 3.28-percent drop, with an average 0.7 points, still below 3.29 percent ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô still down from 3.75 percent seen for the same loan at the same time last year. [COLUMN_BREAK]The finance Web site found the 15-year rising to 3.47 percent, with the 30-year jumbo following not far behind at 4.87 percent.Adjustable-rate mortgages (ARMs) hovered for Freddie at about the same level seen last week, with 5-year Treasury-indexed ARMs unchanging at an average 3.02 percent from last week and the 1-year inching up to 2.83 percent this week from 2.82 percent last week. Bankrate.com found rates for the 5-year ARMs scaling up to 3.13 percent, with those for the 7-year hitting 3.33 percent.New lows for mortgage rates track decisions by the Federal Reserve to move forward with a short-term Treasury buy-up. “”Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities,”” Frank Nothaft, VP and chief economist with Freddie, said in a “”statement””:http://freddiemac.mediaroom.com/index.php?s=12329&item=66434. “”Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs,”” he added.In a separate “”statement””:http://phx.corporate-ir.net/phoenix.zhtml?c=61502&p=irol-newsArticle&ID=1611279&highlight=, Bankrate.com told a different story, saying, “”After falling in each of the past eight weeks and setting new record lows for 5 consecutive weeks, mortgage rates were higher this week. Optimism that Europe can avoid a full-blown financial meltdown gave markets a boost, and that resulted in mortgage rates moving up.””The finance Web site added a caveat: “”But with the backdrop of a weak U.S. economy, slower growth around the globe, and the Federal Reserve reinvesting in mortgage-backed bonds, mortgage rates are destined to stay low in the months ahead.”” Freddie: Plunging Mortgage Rates Smash New Records Adjustable-Rate Mortgage Agents & Brokers Bankrate Federal Reserve First-Time Homebuyers Fixed-Rate Mortgage Freddie Mac Housing Affordability Investors Lenders & Servicers Mortgage Rates Processing Service Providers 2011-09-29 Ryan Schuette Share
LPS Launches Tool to Accelerate Workouts on Fannie Mae Loans Share May 15, 2013 431 Views “”Lender Processing Services, Inc.””:http://www.lpsvcs.com/Pages/default.aspx introduced the web-based Workout Interaction Tool (WIT), which provides data from its MSP servicing system to and from Fannie Mae’s Servicing Management Default Underwriter (SMDU) platform.[IMAGE]LPS’ WIT provides mortgage servicers with access to Fannie Mae’s SMDU to provide consistent, real-time decisions on loan modifications and other workout solutions for struggling homeowners. Recently Fannie Mae “”announced””:http://www.dsnews.com/articles/fannie-mae-introduces-tool-to-improve-foreclosure-prevention-efforts-2013-05-07 the broad release of SMDU, which enables timely workout decisions based on Fannie Mae and Servicing Alignment Initiative guidelines. [COLUMN_BREAK] “”We’re pleased LPS has developed a solution that enables access to SMDU during the loss mitigation process for Fannie Mae loans,”” said Leslie Peeler, SVP of Fannie Mae’s national servicing organization. “”WIT shows that LPS understands Fannie Mae requirements and sees the value of delivering fast, consistent workout solutions in a user-friendly format that helps more borrowers avoid foreclosure.””Once WIT submits data to SMDU from MSP, then SMDU returns a “”response file”” that includes the recommended loss mitigation program based on the data, the Florida-based analytics firm explained in a release. The response file also includes messages for each loan based on SMDU’s analysis to further facilitate the processing and completion of workouts. “”LPS is proud that WIT supports Fannie Mae’s efforts to increase the quality and consistency of loan modification workouts across the servicing industry,”” said Dan Scheuble, COO of LPS. “”Together, we hope to facilitate faster adoption of Fannie Mae loss mitigation programs and improve workouts for both servicers and borrowers through improved loan workout standardization.”” Agents & Brokers Attorneys & Title Companies Company News Fannie Mae Investors Lender Processing Services Lenders & Servicers Processing Service Providers 2013-05-15 Esther Cho in Data, Government, Origination, Secondary Market, Servicing, Technology
May 28, 2013 422 Views Case-Shiller Indices Post Yearly Gains in All Cities Share Home prices posted their strongest yearly gain in almost seven years in March, with both the 10- and 20-city indices seeing double-digit gains, according to the “”Case-Shiller Home Price Indices””:http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=1245352206402 released Tuesday. The national index, reported quarterly, was up 10.2 percent.[IMAGE]From February to March, prices increased in 15 of the 20 cities surveyed, falling in two and staying flat in the remaining three.Economists had forecast the 20-city index would rise slightly to 147.6, an increase of 0.7 percent for the month and 10.1 percent over March 2012.Month-over-month, the 10- and 20-city indices improved 1.4 percent in March, the fastest gain for each index since last July. The national index advanced 1.2 percent for the quarter.The 10- and 20-city indices have improved year-over-year for 10 straight quarters, the first time that├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós happened since 2006. The quarterly index has improved year-over-year for four straight quarters, also for the first time since 2006.The Case-Shiller surveys covered the same month for which the National Association of Realtors reported the median price of an existing single family home rose 6.2 percent.The three cities that showed no growth (and one of the cities in which prices fell for the month) were in the Midwest, indicating continuing struggles in the region.Nonetheless, the March report was an improvement over February, when prices rose in 11 cities while falling in eight. The three Midwestern cities in which prices were flat in March–Chicago, Cleveland and Detroit–had [COLUMN_BREAK]seen price declines in February. The price drop in Minneapolis in March, 1.1 percent, was steeper than the 0.8 percent in February. New York was the only other city in which prices fell in March, dropping 0.4 percent after increasing 0.4 percent in February.Chicago and Detroit each saw declines in household employment in March, while in Cleveland and Minneapolis, employment barely grew.Monthly price gains were led by San Francisco, where prices grew 3.9 percent to their highest level since July 2008. Prices increased 3.0 percent in Seattle to the highest they├â┬ó├óÔÇÜ┬¼├óÔÇ×┬óve been since August 2010. Las Vegas and Portland, meanwhile, each saw 2.7 percent gains (to their highest levels since May 2009 and August 2010, respectively), while Tampa experienced a 2.6 percent improvement (to its highest level since October 2009). Finally, prices also rose in Charlotte to a level not seen in years (a 2.4 percent gain to the highest point since December 2009).Every city surveyed showed annual price gain, led by Phoenix, where prices grew 22.5 percent; San Diego (up 22.2 percent); Las Vegas (up 20.6 percent); Atlanta (up 19.1 percent); and Detroit (up 18.5 percent).Overall, the 10-city index rose to 161.48, its highest level since August 2010, while the 20-city index improved to 148.65, also the highest level since July 2010. It was the fourth straight month-over-month gain for each index.While the report showed national strength, there were some regional weaknesses. Prices failed to grow in Chicago after six straight monthly declines; they dropped in Minneapolis for the third month in a row, and in New York, the price drop was the sixth in the last seven months. The price increase in Washington, D.C., was the first after six straight months of decline.The report, however, showed a steady improvement in prices in the West. Prices have increased in Phoenix for 18 straight months, in Los Angeles and San Francisco for 13 straight months, and in Las Vegas for 12 straight months. The 10-city index is down 28.6 percent from its June 2006 high of 226.29, and the 20-city index is off 28.0 percent from its July 2006 peak of 206.52._Hear Mark Lieberman Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:20 a.m. Eastern._ Agents & Brokers Appraisals Attorneys & Title Companies Existing-Home Sales Home Prices Home Values Investors Lenders & Servicers Mark Lieberman National Association of Realtors Processing Realtor Association S&P/Case Shiller Home Price Indices Service Providers 2013-05-28 Mark Lieberman in Data, Government, Origination, Secondary Market, Servicing
LPS Price Index Inches Up in August in Data October 30, 2013 452 Views Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Investors Lender Processing Services Lenders & Servicers Service Providers 2013-10-30 Krista Franks Brock Share Home prices continue to rise, albeit with some dampening due to seasonal impacts. However, prices are still appreciating faster than last year, according to “”Lender Processing Services'””:http://www.lpsvcs.com/Pages/default.aspx (LPS) Home Price Index report for August. [IMAGE]LPS calculated a 0.4 percent monthly home price increase in August and a 9 percent annual rise. Both calculations are lower than the “”S&P Case-Shiller Home Price Indices,””:https://themreport.com/articles/august-case-shiller-indices-rise-at-fastest-rate-since-february-2006-2013-10-29 which calculated a 1.3 percent monthly increase and a 12.8 percent annual increase. Both indices concur that monthly price appreciation is slowing. The LPS Home Price Index reached $231,000 in August, which is 14.3 percent below the national peak reached in June 2006. Three states posted price gains of at least 1 percent in August, and three states posted price declines over the month. [COLUMN_BREAK]Nevada topped the charts with a 1.4 percent price gain, while Florida and Michigan followed with 1 percent price increases in August. Rhode Island, Colorado, and Pennsylvania were the only states where prices depreciated in August. Prices declined 0.3 percent in Rhode Island and Colorado and 0.1 percent in Pennsylvania. Six of the top 10 metros with the greatest price appreciation in August are located in Florida. Lakewood, Florida, tied with Reno, Nevada, for greatest price appreciation over the month with a 1.5 percent increase. Orlando, Florida, followed with appreciation of 1.4 percent. Las Vegas, Nevada, and Detroit, Michigan, both experienced price increases of 1.3 percent in August. Two Colorado metros appeared on the top 10 list of metros with the greatest depreciation over the month of August. In fact, Colorado Springs posted the greatest depreciation–a 0.6 percent decline. Kennewick, Washington, posted the second-greatest price decline, coming in at 0.4 percent. Denver, Colorado, experienced a 0.3 percent decline in prices, as did Spokane, Washington; Toledo, Ohio; and Birmingham, Alabama. LPS also noted that national home sales in August reached their highest level since 2007.
October 10, 2014 462 Views Share Home Values Veros Real Estate Solutions 2014-10-10 Scott_Morgan in Daily Dose, Data, Featured, News According to the latest market forecast from Veros Real Estate Solutions, released Thursday, 83 percent of American homes are appreciating, especially in markets west of the Mississippi. In fact, the top 25 markets are west of the river.In contrast, 24 of the weakest 25 markets are east of it.This quarter is the ninth consecutive to show forecast appreciation, but the pace has continued to slow down, according to Veros.Part of the reason for the apparent juxtaposition could be that Veros has expanded the reach of what it is looking at. The latest VeroForecast includes more smaller markets nationally—such as Midland, Texas, and Medford, Oregon—rather than concentrating on just the major metros. Either way, the numbers suggest healthy growth that does not appear to be a sign of a bubble.Still, the markets east and west of the Mississippi River show some pretty stark differences.”The Mississippi River now has the distinction of being the unofficial dividing line of the top 25 and the majority of the bottom 25 markets in the country,” said Eric Fox, Veros’ VP of statistical and economic modeling and the developer of the VeroFORECAST. “All of the top 25 markets are west of the Mississippi, and with the exception of Hot Springs, Arkansas, the entire bottom 25 group is found east of the river.”This is not to suggest that all markets to the west are appreciating, nor that all those to the east are struggling. But those that are doing well are showing excellent growth. The top five markets in which home values have increased almost 10 percent since last quarter are all in Texas and California. These two states make up most of the top 25, followed by markets in Oregon and Washington, where appreciation growth is more than 7 percent.Fox said the trend in appreciation nationally is mostly about housing supply, while in less-performing markets, population exodus is a major factor driving down the rate of appreciation.”Not unexpectedly, prices will rise where supplies are low,” Fox said. “In the bottom-forecast markets, declining population trends are a key variable for the sixth straight quarter. Populations follow jobs, and housing supplies are often slow to keep pace with demand supported by increased employment.” Report Maps Top Markets for Price Appreciation
David McLeod Joins Calyx Software Team June 1, 2018 650 Views Calyx Software, a San Jose, California-based provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, has announced that David McLeod has joined the company as National Sales Manager.In this role, McLeod will lead the company’s sales team, as well as develop and implement effective sales strategies for Calyx’s product line, including its flagship loan origination system, Point/PointCentral. He will report to Bob Dougherty, Vice President of Business Development.“David’s extensive sales experience will be an asset to our team,” said Dougherty. “He has a proven track record of success and we are confident he will help us identify new opportunities that will strengthen our partnerships and make our clients more successful.”McLeod brings 25 years of sales and management experience to Calyx, having held sales management positions in the automotive, financial services, and mortgage industries. Prior to joining Calyx, he was President and CEO of The M.K. Everest Companies (M.K. Everest Mortgage, M.K. Everest Realty, and M.K. Everest Homes). He began his career in the mortgage industry as a Branch Sales Manager at Provinet Mortgage Corporation of Minnesota. Share 2018-06-01 Kristina Brewer in Headlines, journal, News, Technology
Mortgage applications saw a decline by 2.5 percent on a seasonally adjusted basis, compared to last week, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.”Mortgage rates for all loan types declined last week, with the 30-year fixed mortgage rate falling seven basis points to 4.69 percent – the lowest rate since April 2018,” said Joel Kan, AVP of Industry Surveys and Forecasts.The survey released on Wednesday revealed an increase in the index for mortgage applications by 12 percent on an unadjusted basis, compared with the previous week. The Refinance Index Index increased by 0.3 percent while the Purchase Index decreased 5 percent from the week prior. Data indicated an increase of 13 percent, according to the survey.The volume of refinance loan applications decreased to 41.6 percent of total applications from 42.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.8 percent of total applications.”Despite more favorable borrowing costs, and after a three-week surge in activity, purchase applications have slowed over the past two weeks, and are now almost 2 percent lower than a year ago. However, moderating price gains and the strong job market, including evidence of faster wage growth, should help purchase growth going forward. Refinance applications saw a very slight increase compared to the previous week, despite the broad decline in rates, ” Kan said.In government loan applications, the FHA remained unchanged at 10.5 percent. The survey revealed a drop in VA share of total applications at 10 percent this week compared to 10.7 percent last week. The USDA share of total applications increased to 0.5 percent from 0.4 percent the week prior.Here’s how the average contract interest rates performed for various loans:For 30-year fixed-rate mortgages with conforming loan balances decreased to 4.69 percent from 4.76 percent the previous week. The rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 4.50 percent from 4.60 percent. FHA-backed 30-year fixed-rate mortgages decreased to 4.70 percent, from 4.77 percent. The 15-year fixed-rate mortgages decreased to 4.11 percent from 4.16 percent.The rate for 5/1 ARMs decreased to 4.04 percent from 4.14 percent.The effective rate for all the above loan types recorded a decrease from last week. February 6, 2019 3,672 Views Joel Kan MBA mortgage applications survey 2019-02-06 Donna Joseph Mortgage Applications Retreat in Daily Dose, Featured, Market Studies, News, Origination, Servicing Share
February 20, 2019 1,248 Views Good News for Homebuyers on the Horizon Share Affordability CoreLogic CoreLogic Home Price Index Forecast Homebuyers median home prices 2019-02-20 Donna Joseph In 2018 mortgage payments spiked to a seven-year high, but recent data from Corelogic forecasts that increase may be slowing its pace. This is good news for homebuyers who could see a break in gains and better affordability after the typical mortgage payment rose to triple that of prices last year. As a result, home sales dropped, exacerbating the impact of inflation and weakening average homebuyer power. The recent CoreLogic Home Price Index Forecast (HPI) suggests a 4.4 percent annual gain in home prices by this November. However, the consensus rate forecast indicates a 4.8 percent rate on 30-year fixed rate mortgages this November, which would still be higher than the average rates seen last December (4.6 percent) and this January (4.5 percent). The U.S. median sale price in November 2018 was $220,083—a 4.8 percent increase year over year. The typical mortgage payment was up 17.9 percent. The report stated that one way to measure the impact of inflation, mortgage rates, and home prices on affordability over time is to look at the “typical mortgage payment” or the mortgage-rate-adjusted monthly payment based on each month’s U.S. median home sale price. The typical mortgage payment is a good indicator of affordability because it shows the monthly amount that a borrower would have to qualify for to get a mortgage to purchase the median-priced U.S. home. The HPI Forecast also suggests the median sale price will rise 2.2 percent in inflation-adjusted or “real” terms over the year ending November 2019. Based on that projection, the real typical monthly mortgage payment would rise from $934 in November 2018 to $943 by November 2019—a 0.9 percent year-over-year gain. In other words, the typical mortgage payment year-over-year increase in November 2019 would be 3.1 percent. CoreLogic expects homebuyers to gain purchasing power this year if the predictions for prices, rates, and income remain steady. Read the full report here. in Daily Dose, Featured, News, Servicing
in Daily Dose, Featured, Government, News May 22, 2019 378 Views Brian Montgomery FHA HECM mortgage 2019-05-22 Mike Albanese FHA Commissioner Montgomery: HECM Program on the Right Track Brian MontgomeryFHA Commissioner,Brian Montgomery, FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD), said the home equity conversion mortgage (HECM) program has improved its standing with the home Mutual Mortgage Insurance Fund after recent corrective actions.Montgomery spoke Monday at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in New York.“The principal limit factor (PLF) and mortgage insurance premium (MIP) changes in 2017, combined with second appraisal, allow us to better manage program risk with revenue,” Montgomery said. “These changes will help assure the viability of the HECM program going forward. Most recent financial estimates are encouraging, showing that the effect on the MMI fund is improving.”While the FHA acknowledges the disruption of the collateral risk assessment and the possibility for some lenders to have to engage in a second property appraisal, it was still less disruptive to the HECM program compared to other options.“I would say I’m cautiously optimistic about the financial viability of the program going forward,” Montgomery said.Montgomery did share positive news, noting the “backlog of HECM assignment claims is clear.”Reverse Mortgage Insight (RMI) reported earlier this year that HECM endorsements dropped by 35.7% in March 2019, down to 2,573 loans. In their report, RMI stated “That is certainly a lot, but is actually very close to the average for December through February we discussed last month as a way of reducing the noise of the government shutdown shifting volume between those months. Now that we finally have a clean month it looks like the last five months on average have all been right around this month’s level.”By region, the Pacific/Hawaii region saw the smallest drop, down 18.6%, or 783 loans. RMI notes that this region was still up 15.7% from the December through February average. The Southwest had the biggest drop, but still came out 10.1 percent higher than the December through February average.DS News reported earlier that, according to LendingTree and data from the Federal Housing Authority’s HECM program, HECMs originated in the 100 studied cities at an average rate of 7.1 loans per 1,000 homeowners over the age of 60 between 2012 and 2017. The top city, Virginia Beach, boasted a rate of 13.8 loans per 1,000 homeowners over the age of 60. Share
Top Stories Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals tallied 390 yards of offense in their loss to the St. Louis Rams Sunday. In that game, quarterback Carson Palmer completed 26-of-40 passes for 327 yards and two touchdowns, connecting on passes with eight different receivers. Larry Fitzgerald caught eight passes for 80 yards and two touchdowns, Andre Roberts tallied eight receptions for 97 yards, and Michael Floyd hauled in four passes for 82 yards. While the effort may have surprised some — especially after how things went last year — it came as no shock to Palmer. – / 27 Grace expects Greinke trade to have emotional impact Comments Share “Not surprising,” he said Wednesday. “It was definitely good to see them do it in a regular season game, being our first time together, but I am not surprised whatsoever. “I expect more out of those guys, I’ll always tell them that.”Palmer said it comes down to the wideouts winning their one-on-one battles, which is something he expects of them and the players expect of themselves. But having that many weapons in the passing game is certainly a luxury Palmer has rarely had in the NFL, and given head coach Bruce Arians’ propensity for getting the most out of his passing game, it will likely prove to be an advantage for Arizona. “He’s a smart guy and he reads defenses real well,” Roberts said of his quarterback. “He can see through defenses very well, so we expect him to do that and let all of us eat a little bit.”Roberts said everyone must be ready to receive the ball on any given play but, like Palmer, was well aware of what this passing offense was capable of all along.“In the preseason you don’t really get opportunity to play like we did against St. Louis,” he said. “So that was a good first step for us.” The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo
Comments Share At this point in the offseason, the coaches have seen all they need to from the players it plans on relying on the most, and would rather not risk an injury just more than a week out from the regular season opener which, incidentally, is also against the Chargers.“We’ll go with a lot of young guys and see who can make the roster,” coach Bruce Arians said of the plan for Thursday. “They have plenty of opportunities on special teams, now it’s an opportunity to play and show that you’re more than capable, mentally and physically, to do the job.”Arians gave an emphatic, ‘No” when asked if any starters will see action Thursday night, though that does not include players like Tyrann Mathieu, Jonathan Cooper, Kevin Minter and Alameda Ta’amu, all of whom are working their way back from different ailments.According to the coach, Minter is ready to go while Cooper and Ta’amu are likely to play some. And Cooper, who has gone from the assumed starter at left guard to battling for his role, is ready to get back to work. “Some great play,” he said of what he expects from himself Thursday night. “I’m optimistic. I’m looking to be technically sound and just play hard, play to the whistle.” Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires As for Mathieu, the coach said he is “day-to-day” but added if the Honey Badger does not play Thursday, he will not play in the season opener on Sept. 8. So, it stands to reason the defensive back will do everything he can to be on the field Thursday night. But unlike most of the other players who will play, Mathieu is not fighting for a role or roster spot. Arians said there are “at least five” roster spots still up for grabs, and they will be determined by what happens in this game.“There’s competition for at least five spots with different guys, so it’s highly competitive and it’s a big night for a lot of them,” he said. One of those players likely fighting for a spot is running back Zach Bauman. The undrafted rookie free agent out of Northern Arizona University knows he will get his chance to impress the coaches Thursday. For Bauman — and many like him — it may be their last chance.“I’m looking forward to it a lot, it’s what I’ve been waiting for,” he said. “Just an opportunity to show what I can do on the football field.”Things to watch for– Though he won’t have the advantage of playing with the first team offensive line or receivers, the fact that Logan Thomas will play the entire game should prove to be an advantage. When asked, Arians said it should help the rookie relax because he knows he’s on the roster and he knows he’ll see plenty of snaps. Top Stories – Mathieu said he’s not worried about his knee as much as he is the mental part of the game. Still, if he does play, how he holds up physically will certainly be something to watch.– Jonathan Cooper has not played in a game since looking fairly average in the preseason opener. Coming off an injury, an impressive performance would go a long way toward reestablishing confidence in his ability.– Five wide receiver spots appear to be set, with Larry Fitzgerald, Michael Floyd, Ted Ginn, Jr., John Brown and Jaron Brown looking like locks to make the 53-man roster. That leaves Walter Powell, Brittan Golden and maybe Dan Buckner vying for what is likely the sixth and final spot.– Bradley Sowell did enough over the last couple of weeks to convince the coaching staff to part with veteran tackle Max Starks. That said, things could always change and Sowell must make sure he gives the staff no reason to question their decision.– Chandler Catanzaro won the kicker job over Jay Feely, but keeping it is a separate matter altogether. He must continue to put kickoffs into the back of the end zone while being accurate on field goal attempts. TEMPE, Ariz. — Prove it. The Arizona Cardinals’ preseason finale against the San Diego Chargers will be a stage for players to prove they deserve a roster spot or prove they are healthy enough to play. Therefore, you can expect a heavy dose of backups with the occasional starter-returning-from-injury sprinkled in.To wit: Neither of the team’s top two quarterbacks, Carson Palmer and Drew Stanton, are expected to play. If all goes according to plan, it will be the Logan Thomas show from start to finish. Derrick Hall satisfied with D-backs’ buying and selling
Top Stories TEMPE, Ariz. — The fact that it’s possible Antonio Cromartie will play for the Arizona Cardinals Thursday in St. Louis is…well…let’s allow head coach Bruce Arians, who was asked if that’s remarkable, sum it up.“Yeah, after what I thought was a season-ending injury going out on the field last week,” he said. “So yeah, I think somebody smiled over his shoulder, for sure.” The injury happened in the fourth quarter of Sunday’s 17-14 win over the Kansas City Chiefs. Following a play, Cromartie fell to the ground and, after a few minutes, walked off the field with the help of trainers. From there he was carted to the locker room, and not long after that it was announced in the University of Phoenix Stadium press box that he had suffered some sort of Achilles injury, which would likely sideline him for the rest of the season as well as much of the offseason.However, after the game Cardinals coach Bruce Arians said Cromartie’s Achilles was fine, and Monday it was revealed that the cornerback had hurt his ankle. His status for Thursday’s game was clearly in doubt, though after missing practice Monday, Cromartie did a little more on both Tuesday and Wednesday. He’s officially listed as “questionable” for Thursday night.Cromartie said he’s been rehabbing his ankle over the last few days, doing whatever the training staff has asked him to. He’s not sure how limited he would be in a game situation because the Cardinals have not really gone full speed in practice this week, limiting him to mostly running and jogging. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share When asked if he could play Wednesday night if he had to, Cromartie said he was not sure. The same would apply to Thursday, as he won’t know his status until a decision has to be made.“It’s a possibility,” he said of being ready to go. “I mean, we’ve just got to see how it feels going through the warmups and going from there.”But whether Cromartie plays Thursday or not, the important thing is he did not become the latest Arizona Cardinal to hit injured reserve, which was the original fear.“Man, that was like ‘this can’t be happening’, to be honest with you,” he said of his thoughts when he originally went down and thought it was an Achilles injury. “But I’m fortunate and blessed right now to not have that serious of an injury.“So I mean, I’m definitely thankful and thank my Lord and Savior for that.” The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact
Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Quite a few NFL mock drafts across the web have picked the Arizona Cardinals to shore up their offensive line by taking Alabama center Ryan Kelly in the first round of the 2016 draft, and ESPN’s Todd McShay is no different.In McShay’s three-round ‘Grade A’ mock draft, the approach is a bit different.McShay isn’t projecting the real results in this exercise but acting as a team’s general manager, pick-by-pick. And he doesn’t veer away from thinking the Cardinals would benefit by adding to their offensive line by picking Kelly. Top Stories Comments Share North Carolina State quarterback Jacoby Brissett (12) looks to pass while under pressure from Syracuse’s John Raymon (50) during the first half of the Wolfpack’s game against Syracuse at Carter-Finley Stadium in Raleigh, N.C., Saturday, Nov. 21, 2015. The more interesting tidbit in McShay’s mock comes in the third round, when he has Arizona selecting North Carolina State quarterback Jacoby Brissett with the 92nd overall choice. Kelly would give them another building-block piece up front to protect 36-year-old QB Carson Palmer. Brissett, meanwhile, has the tools and work ethic to develop into a good backup QB in the NFL. Given time to work under Palmer and learn from quarterback guru Bruce Arians, there’s a chance Brissett could eventually emerge as an adequate starter.In his senior season with the Wolfpack, Brissett completed 60 percent of his passes and threw 20 touchdowns to six interceptions.According to NFL.com’s draft profile of Brissett, the quarterback has a strong arm and the athleticism to be a running threat. He developed bad habits from taking so much heat playing for NC State the last two seasons and still has to develop a better understanding of the position.Brissett would give the Cardinals a project who would receive tutoring by Carson Palmer.Last week, McShay’s fellow ESPN draft expert, Mel Kiper Jr., also saw the 6-foot-4, 311 pound Kelly as a solid choice considering Arizona’s needs but also an easy pick as a best-available prospect at the 29th draft slot. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact