The state tourism board of Odisha has confirmed to organise the Odisha Travel Bazaar in partnership with the Federation of Indian Chamber of Commerce & Industry (FICCI) to showcase and promote the state as a travel destination both in India and overseas markets commencing from 15 – 17 October in Bhuvaneshwar.Announcing the tour, Ashok Chandra Panda, Minister for Tourism & Culture, Odisha said that this Travel Bazar will help to unlock tourism potential that Odisha has to showcase with its rich natural and cultural heritage. A promotional campaign of “Look towards East” will serve to the highly progressive tourism policy of the state which offers many subsidies and incentives to investors for setting up hotels, eco-tourism and adventure tourism projects.The department is to spend nearly 1.5 crores in this 3-day event.Nitin B Jawale, Director & Additional Secretary – Tourism, Odisha, said that the state is all set to join “the big league of states” in terms of tourism shortly as visitor footfall into the state is growing year on year. They are also working on implementing better connectivity by rail, air and road for both domestic and foreign tourists. He added that the government has identified around 100 tourist spots in the country comprising beaches, nature trails, wildlife and adventure sports, etc. for developing good tourism infrastructure.JK Mohanty, Chairman Tourism Panel, FICCI Odisha State Council, and Chairman, Swosti Group of Hotel actively supported that the state is keen on developing tourism and that sort of commitment requires support from the travel industry.Dr Jyotsna Suri, Chairperson, Tourism Committee of FICCI, said that the decision of the state to forge the partnership with FICCI for the Travel Mart shows its strong commitment and seriousness to develop tourism. The state, she noted, is endowed with rich natural and cultural heritage.Odisha has over 480 km of coastline and about 35% of the total land area is under forest cover, highest for any mainstream state in the country. Odisha is all set to leverage this natural wealth for tourism and grow tourism by leaps and bounds in coming years.
Still-tight credit and failed contracts helped scuttle more hopeful forecasts for total existing-home sales, which fell by 3 percent over September.[IMAGE]The “”National Association of Realtors””:http://www.realtor.org/ (NAR) reported a decline in the numbers to a seasonally adjusted annual rate of 4.91 million, down from revisions for 5.06 million over August, albeit still above the 4.41-million annual rate seen in September last year.””Lawrence Yun””:http://www.realtor.org/research/chief_economist_bio, chief economist with NAR, said in a “”statement””:http://www.realtor.org/ro/research/a73e1413ba619f553a3db7fc225790c5/release.htm that the September totals for existing-home sales show “”plenty of room for improvement,”” adding that “”affordability conditions have improved to historic highs and more creditworthy borrowers are trying to purchase homes, but the share of contract failures is double the level”” seen over the same time last year.He said a higher volume of in-the-works property sales “”speaks to an unfulfilled demand”” that remains in the market.NAR attributed failed bids for property sales and denials for otherwise creditworthy borrowers to cancelled contracts, conflicting appraisals, and a bevy of other routine problems, including home inspection missteps and sudden job losses.More members with the trade group reported failed contracts over September, with numbers rising to 18 percent this year from 9 percent last year.Single-family home sales declined by 3.6 percent to hit a seasonally adjusted annual rate of 4.33 million over September, down from 4.49 million over August, albeit 12.2 percent above 3.86 million units seen from September last year. The average going-rate for an existing single-family home sale over September: $165,600, reflecting a 3.9-percent decline from last year.Existing condominiums and co-op sales went up by 1.8 percent to reach a seasonally adjusted annual rate of 580,000 over September, up from [COLUMN_BREAK]570,000 in August and 5.6 percent above a rate of 549,000 units from last year. The average price for existing condo sales last month: $163,800, down 1 percent from September 2010.The trade group portrayed lower limits for conforming mortgages backed by the government as changes that will contribute to fewer existing-home sales.NAR President “”Ron Phipps””:http://www.realtor.org/about_nar/fullbio_phipps, also broker-president of Warwick-based “”Phipps Realty””:http://www.phippsrealty.com/, said the lower limits mean that “”buyers of higher priced homes, including many in more expensive housing markets, now have to pay a higher interest rate for a jumbo mortgage than buyers who can qualify for a conventional loan.””We need to remove the roadblocks to a housing recovery ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô not place more obstacles in the way of financially qualified buyers,”” he added.Writing a widely circulated note to readers, “”Paul Dales””:http://www.capitaleconomics.com/staff/global-economics/paul-dales.html, senior U.S. economist with “”Capital Economics””:http://www.capitaleconomics.com/, offered that “”[w]e don’t think lower loan limits will significantly depress overall sales, but they won’t help when credit is already hard to get.””All-cash sales remained largely the same, with 29 percent of purchase activity recorded in August inching forward to 30 percent in September. The figures fell in line with earlier reports over the summer that cash buyers would pull back from an all-time high for activity seen last spring.Investors sopped up 19 percent of homes for sale last month, fewer than 22 percent from August and 18 percent over September last year. First-time buyers picked up 32 percent of transactions from September, the same figures reported from the month before and September last year.NAR offered up declines in housing inventory by the close of September to 2 percent, reflecting a 3.48-million share of homes still available for sale. This translates into an 8.5-month supply at current sales rates in rough comparison with an 8.4-month supply from August.The big picture?Dales attributed slashes in existing-home sales to still-anemic demand and a foreclosure glut that continues to compete with new home construction.””The upshot is that sales are being held back by a lack of demand, not low supply,”” he wrote, adding that “”a sustained housing recovery cannot occur without first-time and repeat buyers, who are constrained by underwater mortgages and increasingly tight credit conditions.”” in Data, Government, Origination, Secondary Market, Servicing October 20, 2011 436 Views Existing-Home Sales Decline by 3% in September Capital Economics Existing-Home Sales First-Time Homebuyers Fixed-Rate Mortgage Home Prices Home Sales Housing Affordability Investment Jobs Mortgage Disclosures National Association of Realtors Processing Valuation 2011-10-20 Ryan Schuette Share
Clarity AMC Teams Up with ValuLink’s Technology Share in Data, Government, Origination, Secondary Market, Servicing, Technology February 8, 2012 479 Views “”Clarity Appraisal Management Company””:www.clarityamc.co/index.html is upgrading its technological support, recently announcing it has selected “”ValuLink LLC””:www.valulinkllc.com/about.php as the company’s software platform provider. With the addition of ValuLink’s system, Clarity AMC will benefit from a customized, cloud-based appraisal management program designed to facilitate enhanced business processes.[IMAGE]Clarity AMC will utilize ValuLink’s platform to expand its appraisal ordering client base and automate many internal tasks that previously required manual support. With the new technology in place, Clarity AMC will protect its bottom line by avoiding the expenses and personnel decisions that can accompany a less efficient appraisal management system.Jason Bennett, co-owner of Clarity AMC, said of the company’s partnership with ValuLink, “”We chose ValuLink for its ability to change the way we do business through its automation. The software platform has already made us much more productive,[COLUMN_BREAK]letting us do more business with the same amount of employees. Now if we grow by 5,000 additional orders, we will not have to add another person. We expect that kind of growth at our company this year.””Continuing his positive commentary, Bennett added, “”ValuLink is a true business partner. They came in to our offices and we explained what features we needed and they put it together for us. The system through automation does all the things we used to do manually. ValuLink’s customer service is second to none, too. They followed up quickly and thoroughly to every inquiry we made.””ValuLink’s technology provisions for Clarity AMC include intuitive features for vendor enrollment, appraisal order placement and storage, and full accounting support. Additionally, Clarity AMC will gain a preview engine for the “”Uniform Appraisal Dataset””:www.efanniemae.com/sf/lqi/umdp/uad/index.jsp, as well as a mobile smart phone application that allows appraisers to accept or decline an order while in the field.Scott Schneider, executive vice president of ValuLink, noted, “”Clarity AMC relies on accurate, compliant, and timely reports to keep their crucial high growth clients happy. As AMCs expand into more states and state registration fees take a larger bite out of profits, they need next generation technology that increases efficiency and accuracy while simultaneously helping them maintain profitability. The ValuLink platform is helping Clarity AMC better serve its existing clients and grow its business by simplifying process management with a design that is easy to use for the AMC, their customers and appraisers.”” Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-02-08 Abby Gregory
in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Census Bureau Department of Commerce Home Prices Home Sales Housing Starts HUD Lenders & Servicers National Association of Home Builders Processing Service Providers 2012-04-17 Mark Lieberman April 17, 2012 432 Views Share Multifamily Surge Leads Housing Permits to Four-Year High Housing permits surged another 4.5 percent in March to a seasonally adjusted annual rate of 747,000, the highest level since September 2008, the “”Census Bureau””:http://www.census.gov/ and “”HUD””:http://portal.hud.gov/hudportal/HUD reported jointly Tuesday.[IMAGE]At the same time though, housing starts fell for the third time in the last four months to the lowest level since last October.The increase in permits was driven largely by multi-family activity; single family permits fell for the first time since last September. Housing completions increased for the second straight month, surpassing again the level of new single family home sales. According to the report, builders completed 600,000 new homes in March, the highest level since last September; most of the month-over-month increase ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 24,000 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô was in the multi-family sector.[COLUMN_BREAK]March housing starts were reported at a seasonally adjusted annual rate of 654,000 compared with 694,000 in February. Single-family starts at 462,000 were essentially flat to March’s 463,000.Single-family permits fell 17,000 to, coincidentally, 462,000 from 479,000 in February while multi-family permits improved to 295,000 from 236,000.Starts have been basically flat for the past three years at a weak level. Only a surge in multi-family activity has kept residential construction from falling off the table. Home sales and housing construction continue to struggle with still high unemployment and relatively weak income growth compounded by tighter mortgage lending standards. The report on construction activity followed by one day report from the “”National Association of Home Builders””:http://www.nahb.com/ that builder confidence dropped in April. According to the National Association of Home Builders, confidence was flat in March, the period covered by HUD.The drop in starts came despite accommodating weather which was cited as the reason starts increased in January, usually a weak month for building activity. Even though weather has remained mild in most of the country, starts have fallen. The largest decline in single family starts came in the tornado-ravaged South, falling to 334,000 in March from 397,000 in February; single-family starts in the South dropped to 235,000 in March from 245,000 in February.New home sales for March will be reported next week. In February, the “”Commerce Department””:http://www.commerce.gov/ reported new home sales at a seasonally adjusted annual rate of 313,000, compared with 440,000 single-family completions in March.
February 1, 2013 475 Views MICA Reports Fewer Policies, Greater Dollar Volume in December Agents & Brokers Attorneys & Title Companies Cures Defaults Genworth Mortgage Insurance Corp. Investors Lenders & Servicers Mortgage Guaranty Insurance Corp. Mortgage Insurance Mortgage Insurance Companies of America Radian Guaranty Inc. Service Providers 2013-02-01 Tory Barringer in Origination, Secondary Market Share Private mortgage insurance activity saw a slight lift in December, according to “”Mortgage Insurance Companies of America’s””:http://www.privatemi.com/index.cfm (MICA) monthly statistical report.[IMAGE]The report includes data from “”Genworth Mortgage Insurance Corporation””:https://www.genworth.com/#tab1-tab, “”Mortgage Guaranty Insurance Corporation””:http://www.mgic.com/, and “”Radian Guaranty Inc.””:http://www.radian.biz/page?name=HomePage, all members of the trade association.The three companies wrote a combined $10.7 billion in primary new insurance on conventional loans in December, up from a reported $10.4 billion in November. [COLUMN_BREAK]It was the third highest monthly total for all of 2012, taking November’s previous position under October ($11.5 billion) and August ($11.3 billion).Primary insurance in force was nearly $400.7 billion at the end of the year, with December marking the seventh consecutive month of increases.Applications for private mortgage insurance saw a second monthly slip in December, declining to 38,915 from 41,952 in November. August held the high record for 2012 applications (46,891), while January came in at the bottom (24,097).MICA members also reported a monthly decline in insurance certificates issued. The companies issued 36,543 policies in December, down from 39,220 the previous month. Again, August took the top spot in 2012 with 43,949 policies issued. January sat on the other end with 21,904.Meanwhile, primary insurance cures climbed to 20,048, resting above November (19,801) and slightly below October (20,068). Primary insurance defaults also increased, rising to 24,585 from November’s 23,485. The ratio of cures to defaults at the end of December was 81.5 percent, MICA reported.
Pending Home Sales Nudge Up in September October 27, 2014 539 Views Contracts for home sales improved annually in September, marking the first year-over-year increase so far in 2014.The National Association of Realtors’ (NAR) Pending Home Sales Index, a forward-looking gauge of home sales based on contract signings, ticked up 0.3 percent to 105 from August’s 104.7, the group reported. Compared to a year ago, the index climbed 1 percent—the first yearly increase in 11 months.September was the fifth straight month in which the index remained above its benchmark level of 100.Despite falling short of last year’s levels, home sales in recent months have benefited from a more buyer-friendly market as inventory makes headway and price growth moderates.”Housing supply for existing homes was up in September 6 percent from a year ago, which is preventing prices from rising at the accelerated clip seen earlier this year,” said NAR Chief Economist Lawrence Yun. “Additionally, the current spectacularly low mortgage rates should help more buyers reach the market.”Despite those improvements, the market still remains challenging for some home shoppers, particularly those in a lower income bracket. According to NAR, 15 percent of Realtors who reported not closing a sale in September said their clients were unable to secure financing as tight credit conditions lock out all but the most pristine borrowers.With the recent finalization of a risk retention rule for the secondary market and the Federal Housing Finance Agency signaling its intent to make credit available to more Americans, the association expects stringent lending requirements will become less of a concern.Pending sales figures were mixed around the country. According to NAR, contract signings in the Northeast were up 1.2 percent to an index value of 87.5 in September, while signings in the South rose 1.4 percent to 118.5.Meanwhile, the Pending Home Sales Index for the Midwest was down 1.2 percent to 101.2, while the index for the West slipped 0.8 percent to 101.3. in Daily Dose, Data, Featured, News Credit Availability National Association of Realtors Pending-Home Sales 2014-10-27 Tory Barringer Share
Stewart Title Announces Strategic Partnership With zipLogix in Headlines, News, Secondary Market, Technology Stewart Title and zipLogix, a forms software provider and partner to the National Association of REALTORS, announced today that a strategic partnership to offer REALTORS a point of sale for title and escrow services from within zipForm will take place.A network of the Stewart Trusted Providers, Stewart Information Services Corporation is a global real estate services company that offers products, services residential, commercial title insurance, and closing and settlement services to specialized offerings for the mortgage industry.Recently, Stewart Title and zipLogix developed an integration for REALTORS using zipForm to place title/escrow orders and send documents directly from zipForm to Stewart.“We are pleased to partner with Stewart Title on our first point of sale offering for title and escrow services,” said zipLogix Chairman of the Board Mark Peterson. “This partnership will be a huge time saver for our zipForm customers.”As a technology company created by, owned by, and working for real estate professionals to improve productivity and efficiency industry wide, zipLogix’s software automates and simplifies the repetitive and complex steps of real estate transactions.zipLogix’s integration with Stewart Title will make solutions fast and convenient to open an order by transmitting all the transaction information electronically once users click the “Go” button within zipForm. Users can even select their preferred escrow officer or location, or have their order routed to the nearest Stewart policy-issuing office.“Traditionally, REALTORS have brought title/escrow orders to title offices, emailed them in, or ordered the service online. Our partnership with zipLogix allows Stewart Title to meet the REALTOR where the REALTOR is doing business, and that is within zipForm,” said Beth Young, Vice President, realty segment, Stewart. “We are excited to bring this new ordering service to our customers and proud to be the first title partner with zipLogix.” Share National Association of Realtors Stewart Title zipLogix 2015-11-16 Staff Writer November 16, 2015 578 Views
SingleSource Property Solutions Merges With iMortgage Services imortgage Merger SingleSource 2015-12-18 Staff Writer December 18, 2015 564 Views in Headlines, News, Servicing, Technology SingleSource Property Solutions, a national provider of valuation, REO, title, and property preservation services, recently announced that the company has merged with iMortgage Services, a Pittsburgh-based firm that performs appraisal management as well as title and settlement services.SingleSource Property Solutions will remain the name for the merged company and it will be based in Canonsburg, PennsylvaniaBrian Uffelman, previously CEO of iMortgage Services, becomes chairman of the board, while Brian Cullen remains CEO of the new SingleSource. Andre Lacouture remains President of SingleSource and Ed Austin, iMortgage Services’ CEO and Chief Marketing Officer, becomes SingleSource’s COO. SingleSource now employs nearly 300 people, and the management teams from both companies remain intact.Brian UffelmanBrian Cullen“Since their inceptions, the two companies have had common ownership and have been providing lenders, servicers and various other clients with non-competing services,” Uffelman said. “Because the companies’ service lines complement each other, they have few mutual clients. As a result of this fortunate situation, our board of directors determined it made sense to streamline administrative functions and bring two outstanding brands under a single name to create one of the country’s largest privately held vendor management companies.”“The sky is the limit for the new SingleSource,” adds Cullen said. “Our scalability will allow us to increase market share by cross-selling services as we continue to provide clients with the custom solutions and personalized attention they have come to expect from us. This development reflects a growing trend toward consolidation throughout the industry to help mortgage service companies achieve economies of scale.” Share
February 10, 2016 602 Views in Daily Dose, Featured, Government, News Share Error The Consumer Financial Protection Bureau TILA-RESPA Integrated Disclosure Rule 2016-02-10 Staff Writer After months of back-and-forth between delays and grace period conversations, the Consumer Financial Protection Bureau (CFPB) finally launched the TILA-RESPA Integrated Disclosure (TRID) rule nearly four months ago. But were there mistakes and confusing wording in the 1,888-page regulation that went overlooked?While the mortgage industry has been working to adjust to the new rule, a “typographical error” was sitting among the many pages of the regulation, according to the Federal Register document.”Today we published a notice in the Federal Register to correct a typo regarding tolerances for property taxes and certain other property-related costs that was found in the “Supplementary Information” to the TILA-RESPA Integrated Disclosure rule,” the CFPB Regulatory Implementation Team said in an email to subscribers.The CFPB noted that the Supplementary Information to the TILA-RESPA Final Rule contained a typographical error regarding the application of tolerances to property insurance premiums, property taxes, homeowner’s association dues, condominium fees, and cooperative fees.The CFPB said that the correction is effective immediately.The CFPB identified and corrected the following errors:On page 79829 of Volume 78 of the Federal Register, in the first column, in the sentence containing “property insurance premiums, property taxes, homeowner’s association dues, condominium fees, and cooperative fees,” the phrase “are subject to tolerances” should read “are not subject to tolerances.”Additionally, the 2013 Supp. Information sentence being corrected here is inconsistent with the sentence that precedes it, because the preceding sentence states that “property insurance premiums are included in the category of settlement charges not subject to a tolerance, whether or not the insurance provider is a lender affiliate.”On page 79829 of the 2013 Supp. Information, regarding “property insurance premiums, property taxes, homeowner’s association dues, condominium fees, and cooperative fees,” the phrase “are subject to tolerances” should read “are not subject to tolerances.”On page 79829, in the first column, in the 48th, 49th, and 50th lines, revise “are subject to tolerances whether or not they are placed into an escrow, impound, reserve, or similar account” to read “are not subject to tolerances whether or not they are placed into an escrow, impound, reserve, or similar account.””In a nearly two thousand-page set of regulations, there are bound to be a few ‘typographical errors.’ That said, for the majority of the industry, there’s nothing really groundbreaking about this notice,” said Michael Cremata, Corporate Counsel at ClosingCorp. “While I know a few had taken a very conservative stance and were treating these fees as zero tolerance, the majority of the industry—including we at ClosingCorp—were confident that they should not be held to tolerance because they are charges ‘not required by the creditor.’ What is encouraging about this notice, though, is that it shows a willingness on the part of the CFPB to address confusion about TRID head-on, and in an official capacity. One of the most common complaints we hear from the industry regarding TRID is about the overall lack of formal guidance from the Bureau. So I think the industry is really clamoring for information like this, and we can only hope that today’s notice is the first of many from the CFPB addressing common areas of confusion within the regulations.”“Calyx read the entire context of this section and understood the meaning of the rule. The correction doesn’t affect us and there are no changes we need to make,” said Dennis Boggs, EVP of Business Development at CalyxSoftware. “We believe others in the industry understood the context of the rule and will not be effected.”Snapdocs CEO Aaron King told MReport that “tolerances mean variances. The CFPB’s typographical error in the mortgage disclosure rule should not have impacted borrowers in a negative way, because, even though buyers may have been under the impression that they could have been charged an amount higher at the closing table than previously disclosed for property insurance premiums, property taxes, homeowner’s association dues, condominium fees, and cooperative fees, the reality is that they could not have been. These fees quoted by lenders on the Loan Estimate would have been the same at the closing table, so there should have been no surprises.”Click here to view the Federal Register document. Did the CFPB Make a TRID Error?
Cultivating Talent Within Mortgage Loan Officer Channels Mortgage Loan Officer TD Bank 2016-04-04 Staff Writer April 4, 2016 581 Views Since maintaining compliance has been, and will continue to be, a moving target, mortgage loan officers have a lot to consider in regards to their careers and futures.Kevin Gillen, General Manager, Mortgage at TD Bank sat down with MReport to discuss the state of talent and competition in the industry and what it’s doing to cultivate top-tier talent within its mortgage loan officer channel.MReport: What is the state of mortgage loan officer talent and competition in the mortgage industry right now?Gillen: I would say the mortgage industry has gone through a tremendous amount of change from the boom years of refinancing to where that has changed dramatically so the percent of refinancing is nowhere near where it was a number of years ago. The average age of mortgage loan officers is in the mid-50s. With unemployment low and home prices remaining solid, a lot of the banks and nonbanks have really started to step onto the field so we have fewer people in higher demand. What’s interesting among the nonbank providers and fintechs is there’s a couple of platforms out there where their pitch is “high-tech, low touch” or “high-tech, no touch.” This could possibly mean cutting the Realtor, service providers, banks, and mortgage loan officers out of the process.The important factor here is based on what the generation needs are and the comfort levels. All the research that we have read about and have been told about the millennials is that they are obviously much more tech-savvy and have the ability to do reasearch, but it is a daunting task and by far the most complex transaction that most people will got through in their lives and then add to that the emotion of somebody’s home. So that trusted advisor is mission-critical.Kevin GillenThere are a couple of banks—us included—that have started to go down the path very similar to the one traveled years ago within the commercial banking business to introduce a form of commercial credit training program. We have had wonderful success not only hiring top talent from the outside, but also from the inside. It’s important to hire people with a strong acumen for credit and business development. Growth in the retail channel will come as the traditional act of hiring terrific talent into the marketplace, focus on underserved communities, and hiring minorities. In addition, financial institute should be looking at people right out of business school with a robust training program.MReport: What role does regulation and compliance play among mortgage loan officers in the industry?Gillen: This is a very timely issue at the moment. At the end of the day your brand is everything. Banks want to resonate with customers with that trust factor. Why has regulation taken on such a flight? What’s the entire purpose behind the Consumer Financial Protection Bureau (CFPB)? It’s because people took shortcuts, people were not honest, people were not transparent with their customers. Now, fast-forward, we ended up with the housing crisis that took place. So if you’re a professional (keeping in mind the average age of a loan officer is mid-50s), your whole livelihood has been based upon your employers ability to fund your loans, service you loans, and underwrite your loans. The typical mortgage loan officer in the industry have a very high turnover rate. A mortgage loan officer in the industry for 20 to 25 years, it’s not unusual to see that they have been with 10 to 15 companies. Most of that was driven by companies that went out of business or merged with other companies.Mortgage loan officers are highly dependent on your brand, the ability to go to a Realtor, a builder, your customer base and be able to get a loan closed. If a loan officer happened to work for an employer that was not compliant, cut corners, and took shortcuts. Indirectly, that hurts mortgage loan officers.The sphere of what’s happened here has put bank, nonbanks, and fintech companies on an even playing field. When looking at fintechs, they have evolved with what I would say is four basic value proposition drivers: speed, simplicity, transparency, and trust. The one thing that somebody that would come to a bank, especially now with what has transpired with regulation, that trust is now resurrected itself so that consumers are comfortable that they are getting a fair deal, they have options, and they have outlets. While, it’s both painful and expensive, I do honestly believe that regulation has resulted in a much better value proposition. The mortgage companies that aspire to and adopt the culture of compliance and a focus on risk and putting the customer first, ultimately, they will win.MReport: How do you think lenders should seek the best and brightest in terms of mortgage loan officer talent? What attributes should they be looking for?Gillian: I ask every single person that I interview and every single person that comes here: What brought you here to TD Bank? Without a shadow of a doubt every person says it’s what the brand represents. You need to have the tools and resources behind you and you have to recognize that your business partners and you are joined at the hip. You have a line, roles or responsibilities, and goal and objectives. The biggest complaint that comes up when I interview people is typically: I can’t get my loan closed.It’s the ability for that processor to take a step back and judge whether or not the loan is good and find a way to get that done. It is somebody’s dream and somebody’s home. The value brand proposition is first, how serious does a company take their customer, and second, the core of the relationship is extremely important. in Daily Dose, Featured, News, Origination Share
Fannie Mae Home Sales Housing Market 2016-08-18 Seth Welborn Share in Daily Dose, Data, Headlines, News The yo-yo that was the U.S. housing market in Q2 will likely remain an uneven piece of the economy for the rest of the year, according to Fannie Mae’s August Economic and Housing Outlook.Home sales performed well during the second quarter; in June, both new and existing-home sales rose to post-crisis highs. Year-to-date in 2016 through the end of Q2, new and existing-home sales were up by 11 percent and 5 percent from the same period in 2016. According to Fannie Mae, however, with pending home sales (contract signings of existing homes) remaining flat in June and purchase mortgage applications leveling out, leading indicators suggest a near-term pullback in home sales.“Housing market fundamentals remain a mixed bag,” said Fannie Mae Chief Economist Doug Duncan. “During the second quarter of 2016, both new and existing-home sales rose to expansion highs, while single-family starts pulled back, remaining historically low for an expansion.”Duncan added that tight inventory from a lack of new construction continues to create affordability challenges, particularly at the lower end of the market, where first-time buyers are getting squeezed out by competition for houses.On top of this, the national homeownership rate in Q2 dropped to below 63 percent, though Duncan said there are tentative signs of older Millennials moving toward homeownership. The low interest rate his helping in that regard; the average 30-year fixed-rate mortgage rate has been below 4 percent for the last 8 months and is expected to remain near record lows through the end of the fourth quarter, even if the Federal Reserve raises the federal funds target rate later in the year.“We expect homebuyers will benefit from improving job and wage growth, more favorable lending standards, and continued low mortgage rates through the rest of the year,” he said.Overall, Duncan expects economic growth to rebound in the second half, keeping the full-year growth outlook at 1.8 percent. A “stellar July jobs report suggests consumers may benefit from near-term improvement in personal incomes and a strengthening hiring trend,” the report stated. “This, in turn, will likely support a more sustainable pace of inventory accumulation and help soothe concerns over the health of businesses, which have faced lackluster profits and productivity and have pulled back on capital expenditures.”While Duncan called Q2’s growth “a disappointment,” inventory investment should balance out.“Credit expansion, combined with improving labor market conditions and strengthening household balance sheets, should continue to support consumers, who will likely be the primary driver of growth again in the second half of the year,” Duncan said, adding that “although much of the financial volatility from Brexit has subsided, long-term Treasury yields continue to face downward pressure and we expect them to remain low for some time.” Uneven Housing Fundamentals Create Cloudy Forecast August 18, 2016 515 Views
GLENDALE, Ariz. – Head coach Bruce Arians, now in his second year with the Arizona Cardinals, meets the media each day during training camp.Here, in this space, we’ll highlight many of the key topics and personnel conversations he has with reporters following the morning walk-through:“Really nothing new as far as injury-wise. We came out clean [Wednesday]. Thought we had another solid practice. Defensively, I really like where we’re at right now. We’ve got an outstanding pressure package that the guys have really honed in (on) and very, very few mental mistakes in that part of the game for us right now, which is very good. Offensively, I think we’re continuing to make progress. I’m pleased with where we’re at. Anxious to see us in a ballgame.” The decision to release Ernie Sims“It wasn’t a fit; and I think a veteran, you owe him the respect to maybe find a time a team that he can fit. He’s been a 4-3 stack linebacker his (whole) career. I like where some of the young guys are, so I let Ernie go so that he could hopefully catch on real quick somewhere else.”Was he surprised by Jake Ballard’s retirement announcement“No. I was in pain watching him try to make it through those practices. You could tell (the knee) was getting worse instead of better. He had a nice few OTA (practices), where it looked like it was going to get better, but the last MRI he was bone-on-bone and there’s nothing he can do about it at his age. You hate to see it because he has such a passion for the game, and that’s the type of guys you want to make it. You’re pulling for him, but it was the right move.”How is John Brown and his hamstring “John Brown is continuing to improve. He hasn’t been able to finish the last two practices when we’ve gone to the competitive team periods because of fatigue, not injury. Just keeping that hamstring healthy, but he has done a great job.” Former Cardinals kicker Phil Dawson retires How do you feel about the progress of the offensive line“We’re growing. And the stuff that we’re seeing isn’t easy to block. We’re seeing some really, really good defensive attacks and especially pressures. We’re getting better and better. I think there is still really good competition going on, so that’s just going to help us improve.”Have you seen anything better out of Jonathan Cooper“He’s improved. Once he had his knee aspirated (drained), I thought he moved around much better.”Using computer tablets on the sidelines“I’m going to leave that up to the assistant coaches. If they can read them with the lights, the big problem right now is lights. In our stadium, it was lights when we used them last weekend and everybody that’s used them in sunlight has a problem. I’ll go back to the pictures. I’m old school.” So, you’ll let assistant head coach/offense Tom Moore use the tablets “Tom will handle all that high-tech stuff.” Derrick Hall satisfied with D-backs’ buying and selling – / 12 The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Comments Share Top Stories
0 Comments Share Top Stories Adam Green: Hey Brady, long time no talk. Former Cardinals kicker Phil Dawson retires Brady Henderson: Greetings, Adam. I’ll go ahead and admit it right of the bat: I didn’t think the Cardinals could contend for the division this season — let alone run away with it — after they lost three members of their extraordinary front seven. How surprised are folks down there about the team’s success, particularly on defense? And who are the players that have stepped up to fill those holes on defense? The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Just because the teams the stations cover may be rivals does not mean those who cover the teams are.It is with that in mind that every year before the Arizona Cardinals and Seattle Seahawks play, two people who cover the teams, Adam Green of ArizonaSports.com and Brady Henderson of MyNorthwest.com, have an email exchange going over the matchup.Since Seattle is the home team this time, Brady got it all started. Grace expects Greinke trade to have emotional impact
Comments Share TEMPE, Ariz. — For an offense, punting is considered to be a bad thing.Touchdowns, on the other hand, are considered to be a good thing. The best thing, actually.Through 15 games this season, the Arizona Cardinals have more touchdowns than punts by a 57 to 55 margin.Now, 50 of those franchise-record 57 touchdowns are courtesy of the offense, with the other seven a combination of defensive and special teams scores. What that next level could entail is anyone’s guess. If it is indeed an attainable mark then, well, wow.If nothing else, the level the Cardinals have achieved to this point is the culmination of a process that began when Arians took over before the 2013 season. The year before he arrived, in 2012, the Cardinals mustered just 21 offensive touchdowns and 25 overall. Four different quarterbacks combined to pass for just 11 scores.Arians said the difference since then is Palmer and fellow quarterback Drew Stanton staying healthy. That, and the work put in by GM Steve Keim.“The rest of it is guys growing, putting better pieces in the puzzle around him — a better offensive line, a corps of running backs,” he said. “The receiver group has gotten better. Our tight ends have really improved. So, it’s just Steve putting better pieces around Carson.”A look at the roster then and now would show a vast improvement, but still, it may be a little difficult to believe it could go from what it was to what it is so quickly. However, Arians, an offensive-minded coach, is not surprised. In fact, he thinks this level should have been reached even sooner.“This is about where I thought we’d be in Year 3,” he said. “We were getting real close last year, until the quarterbacks got hurt, and the running backs.” Arizona Cardinals wide receiver John Brown (12) scores a touchdown against the Green Bay Packers during the first half of an NFL football game, Sunday, Dec. 27, 2015, in Glendale, Ariz. (AP Photo/Rick Scuteri) Grace expects Greinke trade to have emotional impact Top Stories Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Even still, 50 offensive touchdowns still tops the league, with the Carolina Panthers and New England Patriots trailing at 49 each.Arizona’s offense is good. Really, really good.After Sunday’s 38-8 win over the Green Bay Packers, Cardinals coach and play-caller Bruce Arians was asked how fun it was to call plays during a game like that.“It was fun,” he said. “It was fun.”Why wouldn’t it be?For comparison’s sake, the Cardinals’ 2008 offense, which was led by QB Kurt Warner and his trio of 1,000-yard receivers in Larry Fitzgerald, Anquan Boldin and Steve Breaston, tallied 45 offensive touchdowns — and 51 overall — before embarking on a Super Bowl run.“That offense in 2008 was special,” Cardinals defensive lineman Calais Campbell, who was a rookie on that 2008 team, said. “There was something about it that just, I mean, the receiving corps, three guys over 1,000 yards, Kurt Warner was slinging the ball around anywhere he wanted to.“But this offense is more explosive, which is hard to say because that offense was so great. But you have so many different guys that can make plays. Our running game is going strong, our O-line is playing tough. Really, our receiving corps with so many different guys who make plays. You don’t know who’s going to be the guy who comes up with the big play, but we have a fourth, fifth, sixth receiver stepping on the field and making plays.” He’s not wrong, as 13 different offensive players have reached the end zone for Arizona this season.With just quarterback Carson Palmer playing at an MVP level while throwing to receivers like Fitzgerald, Michael Floyd, John Brown, Jaron Brown and J.J. Nelson along with tight ends Darren Fells and Jermaine Gresham, the team would be difficult to stop. Add in a running game that has really taken off with rookie David Johnson and is now boosted by the return of Andre Ellington and, well, you have a group that seems impossible to slow down and, if history is any indication, primed to make another Super Bowl run.No doubt Arians, along with everyone else on the team, would tell you the offense is far from a finished product.After Sunday’s win, in which the Cardinals produced 381 total net yards (121 of which came on the ground), made good on three of four trips inside the red zone and converted half of their third-down attempts, quarterback Carson Palmer said the effort was not a complete game, which is something they are still striving for.“I missed a couple throws I shouldn’t have,” he said. “So, just got to keep continuing to work and get better, and try to reach that next level.” Arians is not wrong in that it was believed, or at least hoped, that a healthy Arizona offense could be among the league’s best. At the same time, the additions of Pro Bowl guard Mike Iupati, the drafting and ascension of the rookie Johnson and the improvement from other players on the offensive side of the ball created a monster that no defense has really yet to contain.Does that mean the Cardinals are guaranteed to finish this season as Super Bowl 50 champions? Of course not, but they’re certainly in the running. Their defense has been good for the last handful of seasons, and now they have an offense to match.“It makes our job a lot easier, that’s for sure,” Campbell said of having an offense like this. “We know that we don’t have to carry the load. For a while, the defense, we felt like if we didn’t play a great game it would have been tough to get wins.“The last three years, Carson Palmer, he’s led us. He’s made the defense’s job a lot easier. There’s games where we feel like we really didn’t do much and we blew a team out. That’s the sign of a good team, you never know who you’ll have to lean on in a game. Sometimes it will be special teams, sometimes it will be offense — it just depends on the game. “But we have all facets of the game, all phases of the game. We can win any way we need to; that’s a good sign going forward.” – / 36
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo TEMPE, Ariz. — The Arizona Cardinals used their first three picks in the 2016 NFL Draft on players who hail from the SEC.Known as the country’s premier college football conference, it makes sense to pluck talent from schools like Ole Miss, Texas A&M and Missouri.However, with the first of their fifth-round picks (No. 167 overall), they turned to a lesser-known player and college, tabbing safety Marqui Christian from Midwestern State. Derrick Hall satisfied with D-backs’ buying and selling What Christian becomes is anyone’s guess, but for now, what exactly do the Cardinals have in the small-school prospect?“A tough player, instinctive, fast, strong, quick, a leader, smart, dependable, great character, consistent; just an all-around great guy, full speed and intense,” he said. “I only know one speed and that’s full speed. Also, a hard worker. A guy that’s ready to come in and learn and help the team get to the championship next year.” – / 23 Source: Facebook Comments Share Last season, Christian won the Cliff Harris Award as the nation’s top small-college defensive player as he racked up 95 total tackles, forced three fumbles, recovered two fumbles and broke up three passes.If that style of safety reminds you of someone, say the Cardinals’ Deone Bucannon, then you’re smart to make the comparison. Christian said that’s how the team sees him, too.“They kind of talked as a hybrid-type guy; a safety playing down in the box, just using my different talents — blitzing off the edge, man-to-man in the slot, zone, interchangeable at safety, maybe playing deep,” he said of his expected role. “Basically, a hybrid role, an interchangeable safety role, playing down in the box and then sometimes playing high and patrolling the middle some.”The ability to do all that would make Christian quite valuable, and no doubt the Cardinals are hopeful he will develop into that kind of an impact player. Like many NFL players who come from smaller schools, the biggest knock against him was the competition he faced and not his own skill set.“He is a guy that really came onto the scene late for us,” Cardinals GM Steve Keim said before praising the team’s area scouts who discovered Christian. “But the closure that came in late in the process was a guy named Adrian Wilson, who went to the NFLPA game and came back with his jaw dropping.” Wilson, of course, is a former Cardinals safety who did his best work in the box and is now a scout for the team. If Bucannon is the one who Christian is supposed to model his game after, it could be argued Bucannon’s game was first seen in Wilson.Keim said the 5-foot-10, 196-pound Christian has all the physical tools the Cardinals look for in a safety, and a 4.46 40-yard dash at his Pro Day as well as solid times in the shuttle and 3-cone drills are evidence he has the speed and quickness the team covets.Which is why, while Christian expects to see a lot of time in the box, Cardinals coach Bruce Arians believes he can play all over the field.“He can do everything,” he said. “He can cover a lot of ground. He’s a 4.4-guy, can play man-to-man, can be interchangeable — which we like to do with our safeties — and he will strike you.”Christian said he has plenty of experience blitzing from his time in college, and once he learned of the Cardinals’ interest in him, he studied their scheme. He saw how Arizona prefers to play man coverage and go after the quarterback, which seems to fit his style.Christian said he needs to improve by learning how to shed blockers and add enough weight to take on NFL players. Top Stories Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact Every week Paige Dimakos (@The_SportsPaige) will catch up with one Arizona Cardinals player and give our listeners the opportunity to submit questions to be answered on video. Submitting a question is easy, head on over to @AZSports on Twitter and tweet as many questions as you can think of. The best ones will make the cut! This week features Arizona Cardinals defensive lineman, Josh Mauro (@JustJoshin90). This is Four Downs. Former Cardinals kicker Phil Dawson retires 0 Comments Share
How lovely to come into contact with a hidden secret, and like many others, fall in love with it straight away. That is what Pierre Cardin did when he first saw the six-storey Paris house that the Duke of Morny had built in 1854. Morny, the illegitimate son of Hortense de Beauharnais, was Napoleon III’s half-brother and, after a successful career in finance, his dandy pursuits took over, which included launching Deauville as a resort. The building is on Avenue Gabriel, named for Ange-Jacques Gabriel (1698-1782), Louis XV’s architect who also created what is now Place de la Concorde. Cardin used it as a showroom as well as a home, and from him it passed to Michel Reybier, who turned it into the luxury hotel it is today.Reybier is a man of wide interests, heavily into healthcare as well as wine (his eight-bedroom villa at Cos d’Estournel can be rented, but only as a buy-out). He owns the VJ Collection, led by Hotel Victoria-Jungfrau in Interlaken, and he funded, and still partly owns, Mama Shelter, which coincidentally announced last Monday 13 March 2017, its latest property, a conversion in Prague. He has his own Réserve portfolio, in Geneva, in Ramatuelle and here in Paris. The ground-floor salons, where Cardin must have had his frocks on display, now form an interconnecting series of libraries, with walls filled ceiling-high with real books, some leather bound, some, like an Assouline of Pierre Cardin, simply too heavy for any shelf. Jacques Garcia was brought in to decorate. He turned the basement wellness area, which has a considerable pool, into a red-lacquered retreat, its reception area highlighted by a pair of gold elephants, with howdahs on their backs. There is a splendid 24/7 Technogym here, and a three-cabin spa, with Nescens products, as used by Professor Jacques Proust at the Genolier Clinic for the Prevention of Ageing – I had a divine back massage that, thanks to soft piano music (other spas, please note) seemed to soothe away all the knots and pains. And then I went back up by 73 purple carpeted stairs from the lobby to my gorgeous suite overlooking Théâtre de Guignol des Champs-Elysées, Laurent restaurant and the Eiffel Tower. It was all typical Garcia: rich damasks, in shades of deep gold and dark chocolate, with a grey-flecked white marble bathroom, and two washrooms, with Toto washlets, their doors hidden behind damask wallpaper.All evening-long there are locals in the salons, the cigar room, the bar and the brasserie. At two-Michelin-star dinner in Le Gabriel chef Jérôme Banctel offers a set menu but we went à la carte, which included Norwegian salmon confit with miso, black radish and organic avocado, and green Provence asparagus with wasabi pistou and lemon zest cream. The best-selling dessert, by the way, is a hilarious six-inch-long coffee bean, formed of chocolate-dusted meringue and filled with birch syrup ice-cream. I had breakfast in the brasserie, à la carte only, with bircher muesli amuse bouche and choices that include a healthy avocado with gomasio, whole sesame seeds, roasted in hemp, with lemon, and Okinawa oils 3, 6, 9 to recover one’s omega balance (instead, they brought me a toast tasting, multi-grain rolls and gluten-free).I smiled a lot at this luxury hotel, particularly when we toasted the owner of our Michel Reybier Goulée by Cos d’Estournel 2013 wine, in glasses – Riedel, of course.Mary Gostelow travels over 300 days a year, doing one-night stands in top hotels around the world.
Go back to the e-newsletterPerth will become the second scheduled destination to be served by Singapore Airlines’ new Boeing 787-10 fleet. Flights are expected to commence in May 2018, subject to regulatory approvals, initially on one of the airline’s four daily flights between Singapore and Perth.The 787-10s will feature Singapore Airlines’ new regional cabin products and will seat 337 customers in two classes, with 36 business class and 301 economy class seats.Prior to the launch of services to Perth, the 787-10s will be operated on selected flights to Bangkok and Kuala Lumpur for crew training purposes, before the first scheduled service to Osaka in May 2018.The first aircraft in Singapore Airlines’ livery completed its flight testing at Boeing’s North Charleston, South Carolina production facility on 9 February 2018.Singapore Airlines will be the world’s first airline to operate the 787-10 and has 49 firm orders for this aircraft type. The airline will take delivery of its first 787-10 from Boeing in March 2018.Measuring 68 metres in length, the 787-10 is the longest variant of Boeing’s Dreamliner range of aircraft, which are constructed using technologically advanced lightweight composite materials.In addition to the 49 firm orders for 787-10s, the airline has a firm order with Boeing for 20 777-9s, which are due for delivery from the 2021/22 financial year.Go back to the e-newsletter
Go back to the enewsletterHawaiian Airlines is launching a new direct, five-times-weekly service between Honolulu the capital of Massachusetts, Boston, commencing 04 April. At 5,095 miles, the route becomes the longest regularly scheduled domestic route in US history. The new route will complement Hawaiians’ New York JFK service which debuted in 2012.The inaugural flight on 4 April 2019, HA90, will depart HNL every day but Tuesday and Wednesday at 1:45pm and arrive at BOS the following morning at 6am. Flight HA89 will depart BOS every day but Wednesday and Thursday at 8:55am, except for Friday flights, which will depart at 8am. The flights will arrive in Hawaii the same day at 2:35pm, and the Friday flight will arrive at 1:40pm.Flights will be operated by Hawaiian Airlines’ 278-seat Airbus A330, equipped with 18 seats in its lie-flat Business class cabin. Hawaiian also recently expanded to 68 from 40 the number of Extra Comfort main cabin seats, which offer a generous 36-inch pitch for extra leg room and priority boarding. Guests can upgrade to Extra Comfort seats for US$145 each way.Boston is the largest US market without non-stop service to Hawaii with nearly 500 people flying between eastern New England and the islands on any given day.“There is nowhere on Earth like Hawaii, and we are bringing our islands closer than ever to Boston with non-stop service,” said Hawaiian Airlines President and CEO Peter Ingram.“Hawaiian Airlines has been an important partner in making a Hawaiian vacation accessible to people from all over the world. The greater Boston market currently brings some 60,000 visitors to the island each year, who will now be able to fly non-stop to Hawaii aboard an airline that exemplifies our gracious local hospitality,” said Hawaii Tourism Authority President George Szigeti.Honolulu will be Boston Logan International Airport’s 76th non-stop domestic destination.Go back to the enewsletter
All touring is private and each guest or couple will have their own private car, driver and guide for all airport transfers and touring, along with highly personalised and customisable itineraries.Shinta Mani WildRemote Lands’ The Bensley Trail expedition is US$37,888 per person, based on double occupancy. The Single Supplement is US$20,999. For full terms and conditions, click here.More at www.remotelands.com/special/bill-bensleyGo back to the enewsletter Go back to the enewsletterAcclaimed architect and interior designer Bill Bensley has partnered with Remote Lands to offer a 14-day itinerary through Southeast Asia incorporating stays at his luxurious accommodations.The journey commences in Laos at Bensley’s Rosewood Luang Prabang resort for three nights, then moves to Cambodia and stays at the Bensley Collection’s Shinta Mani Siem Reap in Angkor and the recently opened, jungle-based Shinta Mani Wild luxury tented camp. The Bensley Trail then moves onto Bangkok, Thailand with a stay at the brand new Rosewood Bangkok (the only non-Bensley designed property in the itinerary). Here, trip participants will rendezvous with Bensley himself for an exclusive soiree at the designer’s private home. The journey concludes at the Intercontinental Danang Sun Peninsula Resort in Vietnam with three days of beachside relaxation.Shinta Mani Siem ReapScheduled to operate between 16 February and 1 March 2020, The Bensley Trail will permit a maximum of 16 guests and will offer a deep exploration of each country, including immersive natural, cultural and historical experiences that explore the complex architecture of metropolitan Asian cities, the authentic cuisine of the region and the picturesque beaches of the coast.“I am passionate about conservation and helping folks and animals in need and my inspiration in developing this trip was to use hospitality to help people that need it in a sustainable fashion,” said Bensley.