Online travel partnership promotes NSW globally

first_imgOnline travel partnership promotes NSW globallySydney and NSW will be promoted globally through a new one-year strategic partnership between the Expedia Group and Destination NSW.Minister for Trade, Tourism and Major Events Stuart Ayres said the exciting new partnership with the Expedia Group, which has 150+ booking sites in more than 70 countries, will result in Sydney and NSW being promoted in priority international markets including the UK, Germany, USA, India, New Zealand, Japan and Malaysia and within Australia.“Expedia is one of the leading online travel agencies globally. This partnership presents wonderful opportunities to further promote Sydney and NSW to increase visitation from our key domestic and international markets,” Mr Ayres said.“More people are coming to Sydney and NSW, with the latest figures showing an increase in visitors, nights and expenditure. This agreement will help to grow our visitor economy and meet our target of doubling overnight visitor expenditure by 2020.“The partnership will see Destination NSW join Expedia in a minimum of 15 campaigns this financial year across eight markets globally and locally.”Destination NSW CEO Sandra Chipchase said Destination NSW has previously partnered with Expedia in both international and domestic markets in individual cooperative campaign activities that have delivered strong results for the State.“Expedia is a well-known and trusted brand operating worldwide. This agreement formalises our partnership and allows us to promote Sydney and NSW as Australia’s premier tourism and events destinations to millions of potential visitors in our priority international markets,” Ms Chipchase said.Noah Tratt, Global Senior Vice President, Expedia Media Solutions said: “We look forward to building on our partnership with Destination NSW with compelling and strategic creative campaigns that raise awareness and inspire more visitors to experience Sydney and NSW.” Learn more hereSource = Destination NSWlast_img read more

eRevMax expands its footprints in Kenya with Sun Africa Hotels

first_imgSource = eRevMax – Sun Africa Hotels eRevMax expands its footprints in Kenya with Sun Africa HotelsSun Africa Hotels, one of the fastest emerging hotel chains in Kenya, has selected eRevMax to benefit from real-time channel management powered with business intelligence data. Five properties of the group are using Channel Manager Web, a cloud based platform for updating rate and inventory (ARI) across all connected travel channels and maintain real-time availability through pooled inventory. Available on eRevMax’s pioneering hotel operating solution LIVE OS, the application also provides real-time visibility into property level business performance to monitor and improve key metrics like rate, booking production, pace and compliance in a centralized manner.Located at some of the most popular tourist places in Kenya, Sun Africa Hotels manages 8 leisure properties. RateTiger’s 2-way XML connectivity with all leading OTAs in Europe and North America, two of their biggest international markets, will help Sun Africa Hotels to update rates and availabilities across their online distribution channels in real-time ensuring online sales optimization as a part of its growth plan across East Africa region.“We’re one of the fastest growing hotel chains in Kenya and offer some of the finest hotels and lodges in East Africa. With Channel Manager Web by eRevMax we can maintain real-time availability and dynamic pricing based on analytics provided on LIVE OS. This has helped us to improve our online presence by maintaining real-time room availability up to the last inventory across all distribution points in resulting better occupancy,” said Rahul Sood, Group Managing Director and Chief Executive-Africa at Sun Africa Hotels.Stuart Derricott, VP Global Sales at eRevMax commented, “Given that Sun Africa Hotels primarily caters to international guests, along with luxury domestic travellers, it is important for the hotels to be present in all global online sales channels and metasearch sites.  Our channel ecosystem has helped their hotels to improve exposure and tap new markets. Backed by the real-time data and analytics they can respond to market dynamics more efficiently, and optimize online revenue.”Channel manager Web by eRevMax, powered with sophisticated analytics, distribution capabilities and interactive reporting dashboard, help hotels make informed decision based on key insights and streamline all aspects of their revenue management for driving better results.Sun Africa HotelsSun Africa Hotels offers the perfect combination of bush and scenic safari holidays with varied choices and the presence of hotels make it simple for travelers to choose. Sun Africa Hotels is an expanding chain of some of the finest hotels and lodges in East Africa offers the highest standards of hospitality and service at all of their hotels and lodges located at the best places in Kenya.8 properties of the Sun Africa Hotels are set amidst the scenic environments of Kenya that influence guests with a memorable holiday experience they will not forget. Sun Africa Hotels offers high quality service in accommodation and conference room facilities at very competitive rates. You will enjoy the tranquil beauty of our private conservation area and its wildlife. We offer an exciting variety of entertainment from traditional dancing to live bands.About eRevMaxeRevMax is a travel technology company that helps hotels to maximise online revenue opportunities through real-time distribution, market intelligence and connectivity solutions. The company provides specifically tailored solutions within its core product brands – RateTiger, RTConnect and LIVE OS.RateTiger product suite offers the industry’s leading ChannelManager for online distribution, Shopper for rate benchmarking and BookingForce to help drive direct bookings from the hotel’s brand.com. RTConnect provides seamless 2-way XML integration of channel management functionality with the hotel’s central systems. LIVE OS offers hotels a single sign-on platform to access multiple applications, while offering technology partners a chance to get in front of hotels allowing greater distribution of promotional opportunities.eRevMax is working closely with over 200 certified channel and technology partners as well as 9000 hotels worldwide helping them increase revenue opportunities and streamline business processes.last_img read more

Aireon and FlightAware announce Qatar Airways as launch partner

first_imgAireon and FlightAware announce Qatar Airways as launch partnerAireon and FlightAware announce Qatar Airways as GlobalBeaconSM launch partnerAireon LLC and FlightAware announced today that Qatar Airways will be the first airline to adopt the new GlobalBeaconSM solution to meet the International Civil Aviation Organization’s (ICAO) Global Aeronautical Distress Safety System (GADSS) recommendations.The agreement will provide Qatar Airways’ Integrated Operations Centre with minute-by-minute, global tracking of Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft by 2018.GlobalBeacon combines FlightAware’s worldwide flight tracking information – – including origin, destination, flight plan route, position, estimated time of arrival – with data from Aireon’s space-based ADS-B aircraft surveillance system, due to be operational in 2018.  The solution will provide Qatar Airways with state-of-the-art technology to meet and exceed GADSS requirements and recommendations.“Qatar Airways is a leader in the aviation industry, and their proactive approach to implementing the GADSS recommendations reinforces that point,” said Aireon CEO, Don Thoma. “With a modern fleet of 190 aircraft flying all over the world, across remote and oceanic airspace, Qatar Airways and GlobalBeacon are an ideal match and no new avionics will be required. We’re excited to welcome them as a partner.”Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “As one of the fastest growing airlines in the world, both our needs, and our drive to deliver the very best services for our global passengers, are continually evolving. GlobalBeacon will seamlessly integrate with our existing ICAO 2018 compliant flight watch technology (Total Operations System), and further enhance our fleet management by providing updates every minute.“I am proud of Qatar Airways’ leadership position in this vital area of aviation safety and awareness. We will be the first airline in the world to have the capability to use worldwide satellite air surveillance to support our airline operations and to achieve the highest of flight tracking standards ahead of the ICAO 2021 mandate.”Announced by ICAO in March of 2016, GADSS was created to help improve the ability to detect commercial aircraft in remote locations.  The key components of GADSS recommend that aircraft report their position to the airline’s operations center at a minimum of once every 15 minutes under normal flight circumstances.  However, if an aircraft should become in distress, position reports are then to be provided every minute.  GlobalBeacon will provide a permanent minute-by-minute reporting capability, far exceeding the ICAO recommendation.In addition to aircraft tracking and location reporting requirements, GADSS requires aircraft to provide immediate notification of abnormal events, regardless of air traffic unit boundaries and without a degradation of baseline search and rescue services.  Further, distressed aircraft status tracking under GADSS can be activated by the pilot, automatically by the aircraft and remotely by the operations control center.“With GlobalBeacon, Qatar Airways is getting the most state-of-the-art solution to meet GADSS recommendations in the industry,” said FlightAware CEO, Daniel Baker.  “The adoption of this solution shows their commitment to their customers, employees and international community to help improve airlines and aviation stakeholder’s ability to locate aircraft in distress and improve search and rescue capabilities.”Qatar Airways will also integrate FlightAware’s Firehose application programming interface (API) with their existing visualization tool in their flight operations center.  Firehose provides secure TCP-based streaming flight positions and flight status data via a combination of worldwide air traffic control data, ADS-B, Mode S multilateration (MLAT), and aircraft datalink information.Aireon’s space-based ADS-B service will be operational in 2018, shortly after the completion of the Iridium NEXT satellite constellation. The constellation will consist of 66 operational low-earth-orbit satellites providing global coverage.  The service will also provide Air Navigation Service Providers with global aircraft surveillance capability, and is expected to help reduce fuel costs, increase safety and enable more efficient flight paths.Source = Aireon LLC – FlightAware – Qatar Airwayslast_img read more

Destination NSW campaign wins Expedia Media Solutions marketing award

first_imgDestination NSW campaign wins Expedia Media Solutions marketing awardA cooperative marketing campaign to drive visitation to Sydney and regional NSW has won ‘Australia & New Zealand Campaign of the Year’ at the Expedia Media Solutions 2017 Asia Pacific (APAC) Partner Awards.Presented today to Destination NSW’s Chief Executive Officer Sandra Chipchase at the Australia Tourism Exchange (ATE), the Awards acknowledge campaigns that demonstrate innovation, creativity and achievement in travel marketing.Ms Chipchase said the campaign’s success was a great example of what can be achieved through collaboration.“For the award-winning campaign, Expedia developed a bespoke digital hub that featured inspirational videos and images alongside recommended hotels, allowing audiences to instantly book their Sydney or regional NSW holiday.”“The campaign was a success in driving strong business leads to featured hotels and travel to Sydney and regional destinations, including the North and South Coast, Hunter, Blue Mountains, Central Coast, Orange and the Southern Highlands.”Expedia spokesperson Wendy Olson-Killion said, “Our APAC Partner Award winners demonstrate best in class work in terms of creativity, sophistication and the use of innovative technology. The campaigns showcase how a destination, hotel, airline or travel experience can come to life on our platforms and increase brand awareness, change perceptions or drive demand for our partners.”Destination NSW partners with Expedia Media Solutions several times a year on seasonal campaigns to drive incremental sales to a variety of NSW destinations.The 2016-17 Sydney and Regional NSW in Summer campaign showcased NSW as the ideal holiday and short break destination by promoting the number and diversity of experiences on offer in the State. Destination NSWView the campaign hereSource = Destination NSWlast_img read more

Wyndham recognised ACE Awards winners

first_imgAdam Geneave – Vice President Customer ExperienceWyndham recognised ACE Awards winnersWyndham Vacation Resorts Asia Pacific’s Customer Experience team has been recognised at the 2018 Confirmit ACE (Achievement in Customer Excellence) Awards, which were announced overnight.The team was honoured in the Voice of the Customer, Business Impact and Multi-Channel categories of the awards program, which recognises businesses for their rigorous application of best practices to deliver a world-class customer experience.“Our dedicated Customer Experience team drives a constant focus on enhancing the interactions our customers have with our business by delivering personalised and memorable experiences at every opportunity,” said Adam Geneave, Vice President of Customer Experience at Wyndham Vacation Resorts Asia Pacific.“The team’s passion and commitment to serving our customers is commendable and these awards are excellent recognition of their efforts.”Hosted by Confirmit, the leading global solutions provider for customer experience, voice of the employee and market research, the ACE Awards program attracts nominations from major organisations across the globe, including Virgin Money, Bupa Global, Siemens, Amadeus and more.Wyndham’s Customer Experience team includes 31 staff members covering customer design and delivery, customer insights, customer care, VIP handling and quality assurance.The team has won numerous accolades since its inception in 2015, including the Customer Service Team of the Year – Large Business award at the prestigious Australian Service Excellence Awards (ASEAs) last year.Source = Wyndham Vacation Resorts Asia Pacificlast_img read more

Out Now Collette new look Americas Brochure

first_imgOut Now, Collette new look Americas BrochureOut Now, Collette new look Americas BrochureCollette has launched their new look ‘The Americas’ 2020-21 brochure with North, Central South America and the Antarctica all included for the first time, totalling 37 unique tours across these spectacular continents.“The new brochure will make it that much easier for travel agents to help travellers plan their trips to this region. We have found that Australian travellers want to get as much out of their long-haul flights and see as much as they can across the Americas and Antarctica, and now all the information is there in one brochure to help them with their research,” said James Hewlett, Head of Marketing for Collette Australia.To launch The Americas 2020-21 brochure, Collette is offering a 10% saving* on their Top 10 Americas tours including favourites: America’s Music Cities; Best of Eastern Canada; Canadian Rockies by Train; Islands of New England; America’s National Parks. As well as popular new tours; Washington DC, Niagara Falls & New York City; Painted Canyons of the West; Bluegrass Country and The Smoky Mountains; and Central/South American tours: Galapagos and Machu Picchu, and Tropical Costa Rica.*Valid for bookings made by 22 August 2019 for departures between 1 January 2020 to 30 April 2021.Visit https://www.gocollette.com/en-AU for bookings and further information.Source = Collettelast_img read more

New air link connects India with provincial China

first_imgA new air route will be launched this year offering connections between India and China’s Shandong province. The launch would mark a significant move for Shandong Airlines, which has previously focused on domestic routes and short-haul international services to Japan, South Korea and Taiwan. It also operates services to Cambodia.Shandong Airlines will commence a new service from Jinan, the capital of Shandong province and a city of approximately five million people, to New Delhi. Flights will operate twice a week with a stop in Kunming, the capital of southwest China’s Yunnan province.Shandong Airlines is expected to operate the route using its 167-seat Boeing 737-800 aircraft, with a flight time of approximately eight hours, including the stop in Kunming.last_img read more

Royal Caribbean takes delivery of Anthem of the Seas

first_imgRoyal Caribbean International officially took delivery of its 23rd ship, Anthem of the Seas. Royal Caribbean Cruises Ltd.’s Chairman and CEO Richard D Fain officially received the new ship from Meyer Werft Yard’s Managing Partner Bernard Meyer in a signing ceremony held in Bremerhaven, Germany. Anthem of the Seas is the world’s most advanced cruise ship and reflects the best of Royal Caribbean’s history of innovating cruise ship design and cruise vacations.“I am very happy to receive Anthem of the Seas from Meyer Werft Yards,” said Richard. “We’ve always broken the mold with each successive ship we build, and Anthem of the Seas is no different. I would like to thank Bernard and the Meyer Werft team for their ongoing partnership in designing and building awe-inspiring ships with us.”“It is wonderful to welcome Anthem of the Seas to the Royal Caribbean family of ships,” said Michael Bayley, President and CEO of Royal Caribbean International. “Just like every Royal Caribbean ship, Anthem of the Seas will deliver to guests its own distinctive set of amazing adventures, whether sailing in the Mediterranean or the Caribbean.”Anthem of the Seas will now sail to Southampton, U.K., where the ship will homeport through October and sail to the Mediterranean and Canary Islands. In November, New York Harbor will be Anthem of the Seas’ permanent home, where the ship will sail regularly from Cape Liberty Cruise Port on adventures to Bermuda, the Caribbean and Canada and New England.Royal Caribbean International also announced the expansion of its deployment in Asia. In 2015, four of its superlative ships Quantum of the Seas, Voyager of the Seas, Mariner of the Seas and Legend of the Seas, will be home-ported in Asia and it has been announced that Ovation of the Seas will join them in 2016. These investments by Royal Caribbean are the most comprehensive for the market in this year and have made Asia one of the most exciting and power-packed hubs for cruise holidays anywhere in the world.last_img read more

Falling Loan Applications Tilt Toward StillNascent Recovery

first_img Share in Data, Government, Origination, Secondary Market, Servicing Falling Loan Applications Tilt Toward Still-Nascent Recovery Adjustable-Rate Mortgage Agents & Brokers Barack Obama Capital Economics FHA Fixed-Rate Mortgage HARP Home Prices Housing Affordability Investment Investors Lenders & Servicers Mortgage Applications Mortgage Bankers Association Mortgage Rates Processing Refinance Service Providers 2012-03-07 Ryan Schuettecenter_img In signs that a stable housing rebound may still be ways off, mortgage applications contracted by 1.2 percent last week, even while the Home Affordable Refinance Program (HARP) offered a still-steady buttress for refinance activity.[IMAGE]The “”Mortgage Bankers Association””:http://www.mbaa.org/default.htm (MBA) found in a weekly survey that mortgage application volume also declined by 10.2 percent on a seasonally adjusted basis.The Purchase Index went up by a seasonally adjusted 2.1 percent from last week, while it climbed by 14.7 percent on a seasonally unadjusted basis.The four-week moving average dipped by 1.77 percent for the seasonally adjusted Market Index, 0.47 for the seasonally adjusted Purchase Index, and 2.04 percent for the Refinance Index.[COLUMN_BREAK]””Paul Diggle””:http://www.capitaleconomics.com/staff/property-economics/paul-diggle.html, a property economist with consultancy “”Capital Economics””:http://www.capitaleconomics.com/, wrote in a note that “”the continued weakness of mortgage applications highlights that there is little chance of significant and sustained house price gains.””Refinance share of mortgage activity plummeted to 77 percent from last week ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the lowest since December last year. Adjustable-rate mortgages scaled up to 5.4 percent from 5 percent of total volume from the week before.He attributed a 9.7-percent rise month-over-month in refinance applications to “”the expanded HARP refinancing scheme”” as government officials continue to deploy broad refi opportunities for the market.The Obama administration announced earlier Tuesday that the “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory (FHA) would slash refinance premiums to 0.1 percent, estimating that the revisions could impact anywhere from 2 million to 3 million borrowers who refinance their government-backed mortgages.The Capital Economics note coincided with a “”CoreLogic””:http://www.corelogic.com/ index that found prices falling 3.1 percent year-over-year and 1.1 percent in January, which Diggle deflected with analysis that suggests prices rose 0.9 percent month-over-month in lieu of normal seasonal variations.Suggesting that market conditions may keep a hold on the still-nascent recovery, the MBA said that interest rates for fixed-rate mortgages largely remained flat last week, with a marginal decline for the 30-year loan and a slight increase for FHA-insured loans. March 7, 2012 438 Views last_img read more

Syncora Settles Lawsuit Against Countrywide for 375M

first_img Another Countrywide lawsuit has been finalized, with the announcement that “”Syncora Guarantee Inc.””:http://www.syncora.com/ has settled its claims with the company and its affiliates. [IMAGE]Syncora, a subsidiary of “”Syncora Holdings Ltd.””:www.syncora.com/, received $375 million from Countrywide to conclude its litigation against the company.[COLUMN_BREAK]In exchange for the payout, Syncora has agreed to release all claims against Countrywide and “”Bank of America Corporation””:https://www.bankofamerica.com/. An official release about the lawsuit noted that Syncora’s filing originally stemmed from the “”provision of insurance in relation to five second lien transactions,”” as well as “”claims in relation to nine other first and second lien transactions.””The statement went on to state that in wrapping up the case, Syncora transferred assets to subsidiaries of BofA, and accordingly, BofA “”transferred or agreed to transfer”” certain preferred shares, surplus notes, and other securities held by Syncora and its parent company.Since posting its first-quarter financials, Syncora has reportedly “”remediated several credits with total cash disbursements . . .of approximately $96 million.”” Comments from Syncora following the release of first-quarter data expressed the company’s expectation that the “”materially positive effect”” of the surplus would be reflected in its second-quarter financial statements.In closing, however, Syncora admitted that it continues to face “”significant risks and uncertainties,”” as per the company’s latest financial analysis. Share Syncora Settles Lawsuit Against Countrywide for $375M July 20, 2012 438 Views center_img in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Bank of America Company News Investors Lenders & Servicers Processing Service Providers 2012-07-20 Abby Gregorylast_img read more

Sellers Continue to Lose High Ground

first_imgSellers Continue to Lose High Ground Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Home Values Investors Lenders & Servicers Mortgage Rates Redfin Service Providers 2014-01-03 Tory Barringer January 3, 2014 427 Views Sharecenter_img Reports from “”Redfin””:http://www.redfin.com/ agents indicate the fourth quarter was a rough one for homeowners looking to sell.[IMAGE]The tech-powered brokerage released its latest “”quarterly survey””:http://www.redfin.com/research/reports/real-time-market-sentiment/2014/just-65-percent-of-redfin-agents-say-now-is-a-good-time-to-sell-down-from-72-percent-in-the-third-quarter.html#.UscBK_RDte of agents in its 22 markets across the nation. The findings indicate a continued shift in market balance: The number of agents saying now is a good time to sell fell 7 percentage points to 65 percent–the third drop in as many quarters–while the number saying now is a good time to buy edged up slightly to 56 percent.Asked about specific challenges, the majority of Redfin agents agreed that sellers are their own worst enemy right now. Sixty-three percent said the greatest problem sellers have is their unrealistic expectations about the value of their own homes, an uptick from 62 percent in Q3. The next biggest challenge was low inventory at 31 percent.Tight inventory was also a major source of frustration for buyers last quarter, with 87 percent of agents listing that as a common challenge. Next was the problem of elevated competition, though that share was down 14 points to 65 percent, reflecting the decline in bidding wars over the second half of the year.Facing these issues, 45 percent of Redfin agents said their buyers-to-be decided to put off their home search for the holidays. Those determined to stay in the game said they’ve had to make concessions on how much they’re willing to pay and which features they want.With mortgage rates expect to climb to 5 percent or higher this year, Redfin also asked agents how high interest rates would have to go before the housing market really starts to suffer. The majority–39 percent–said 5.5 percent is the magic number.””If rates reach 5.5 percent, we’ll start to lose entry-level buyers. The ripple effect will reach homes in almost every price point,”” said Redfin agent Jeff Bale, who operates in Portland. in Datalast_img read more

LRES Names EVP Management Advisor

first_imgLRES Names EVP, Management Advisor Share LRES’ former chief investment officer (CIO) is now EVP and management advisor, the company announced.Alice Sorenson, who previously served as CIO at LRES for two years and as COO for four years, is now responsible for corporate strategic planning, cultivating prospective leads, and establishing new business opportunities for the California-based valuations and asset management services provider.”Alice’s new role at LRES is a strategic decision for LRES as the company continues to evolve over time,” said CEO Roger Beane. “Her industry knowledge and broad experience with large institutions is critical to LRES’ new phase of growth in the residential and commercial financial services industry.”Sorenson is a 40-year veteran in financial services, having served as senior manager of business development of a national accounting, tax, and business advisory firm prior to joining LRES. Prior to that, she served in executive leadership positions at financial organizations, including Master Financial Inc., Ameriquest Mortgage Company, Bank of America, and FarWest Savings.”During my career, I have been fortunate to play a constructive role developing and executing operations management and investment strategies to enable LRES to grow and prosper,” Sorenson said. “Now, I look forward to utilizing my industry connections fostered over the years to build the new business pipeline while applying my industry knowledge toward corporate strategic planning as its executive vice president and management advisor.” LRES Movers & Shakers 2014-07-22 Tory Barringercenter_img in Headlines, News, Uncategorized July 22, 2014 452 Views last_img read more

LRES Names VP of Homeowner Association Services

first_imgLRES Names VP of Homeowner Association Services in Headlines, News, REO, Secondary Market Homeowner Association Services LRES REO and Appraisal Management 2015-11-08 Staff Writer Damon PaxsonLRES Corp., a national REO and appraisal management company offering property valuations, asset management, HOA, and technology solutions for the mortgage industry, recently announced Damon Paxson has been named as its VP of Homeowner Association (HOA) Services.In this role, Paxson will be responsible for managing all LRES HOA-related products and functions. Included functions are HOA indentation, HOA monitoring, HOA estoppel services, HOA negotiation services, payment of arrears, and monthly payment services. He will also lead the implementation of operational strategies, objectives, processes, and efficiencies within the department.Prior to LRES, Paxson served as SVP of operations at Bank of America, where he supervised up to eight sites and 13 unit managers. Paxson also served as SVP for a diversified mortgage services company, where he managed all operational staff used to support multiple client needs for outsourcing or staff augmentation.“Damon’s impressive background and past responsibilities further strengthen LRES’ HOA department as he monitors and manages the flow of HOAs and deadlines; ensures adherence to all specific state, local and county ordinance requirements; and mobilizes our HOA team to grow,” said Roger Beane, CEO of LRES.center_img Share November 8, 2015 573 Views last_img read more

New Home Sales Exceed Expectations

first_img January 27, 2016 681 Views Share Buyers are beginning to show their increasing demand for housing by purchasing more homes since the end of the financial crisis, but inventory remains an issue.U.S. Census Bureau and the HUD reported Wednesday that sales of new single-family houses rose 10.8 percent from November 2015 to December 2015 to an estimated seasonally adjusted annual rate of 544,000. In November, the revised rate of new home sales was 491,000.Year-over-year, new single-family home sales are up 9.9 percent above the December 2014 estimate of 495,000. The data estimates that a total of 501,000 new homes were sold in 2015, up 14.5 percent above the 2014 figure of 437,000.”This reflects a slow but steady increase in demand from homebuyers as well as increasing confidence of homebuilders,” said Ralph B. McLaughlin, Chief Economist at Trulia. “It also a positive sign for the U.S. economy headed into 2016, as new home sales leads to new construction and consumer demand for housing-related goods and services.”McLaughlin noted that despite the positive movement in this sector of the housing market, new home sales remain 41 percent off the 1990 to 2006 normal.According to the Bureau and HUD, in December 2015, the median sales price of new houses sold was $288,900, while the average sales price was $346,400. At the end of December, the seasonally adjusted estimate of new houses for sale was 237,000.On the down side of the report, homebuyers had fewer homes to choose from as inventory declined from 5.6 months in November 2015 to 5.2 months at the current sales rate in December 2015. McLaughlin says this “means inventory will be tighter for homebuyers headed into the 2016 buying season.”Only 19 percent of new-home sales were under $200,000 in 2015, a decrease from 23 percent in 2014, the report found. “This is likely due to a combination of low inventory of new starter homes and fewer first-time homebuyers,” McLaughlin stated.The Western and Southern region led much of the year-over-year increase in new home sales in December 2015, with rises of 20.5 percent and 17.6 percent, respectively. “This is especially good news for homebuyers along the costly West Coast who have faced low inventory and sharp price increases over the past three years,” McLaughlin said.Realtor.com Chief Economist Jonathan Smoke noted, “The data affirms that the fall season and end of 2015 was stronger than previously reported, which is a clear sign that the new home market is finally seeing growth as builders expand offerings and offer more affordable price points. However, the headline gains should be taken with caution because the underlying survey data for December were thin.”He continued, “Neither of the monthly or year-over-year sales observations was statistically significant. In other words, although it is positive and likely correct that the new home market is gaining momentum, the underlying data suggest that we’re seeing no clear trajectory up or down in December, which is not typically a big month for new home sales.” in Daily Dose, Data, Government, Headlines, News, Originationcenter_img HUD New Home Sales Single-Family U.S. Census Bureau 2016-01-27 Staff Writer New Home Sales Exceed Expectationslast_img read more

First Guaranty Mortgage Corporation Names Senior Director of TPO Production

first_img First Guaranty Mortgage Corporation Mortgage Lender Senior Director of TPO Production 2016-02-15 Staff Writer Mark MayhookFirst Guaranty Mortgage Corporation (FGMC), a provider of residential mortgage lending services for over 25 years, recently announced that Mark Mayhook has been named Senior Director of TPO Production.“We are extremely fortunate to have such incredible depth and experience across our FGMC senior management team; and Mark is a significant contributing factor to our overall success.” said Andrew Peters, CEO of FGMC.Peters continued, “His deep knowledge and understanding of secondary and capital markets, correspondent operations, credit and counterparty risk, and TPO sales, collectively make him an incredible asset to the organization and perfectly suited for this role. Mark will oversee all TPO Sales and non-rate sheet trading.”Mayhook has been with FGMC since 2011. Prior to his new role, he was responsible for the Capital Markets Division. With his transactional guidance, the FGMC Trade Desk has to date, bid on and been awarded over 3,000 individual trades within various asset classes, ranging from new origination, seasoned, scratch and dent, and MSR transactions, from banks, credit unions, mortgage bankers, and servicers on a nationwide basis.Before FGMC, Mayhook held several executive level positions including Associate Regional Director, Morgan Stanley; Client Manager–Private Mortgage Banking, ABN-AMRO/Lasalle Bank N.A. February 15, 2016 581 Views Sharecenter_img First Guaranty Mortgage Corporation Names Senior Director of TPO Production in Headlines, News, Originationlast_img read more

Ocwens Financial Fortunes Turn Around in Q3

first_img October 26, 2016 557 Views Share Earnings Mortgage Servicers Ocwen Financial Profits 2016-10-26 Seth Welborn Ocwen Financial Corp. on Wednesday afternoon announced its first quarterly profit in more than a year, posting a net income of $9.5 million for the third quarter of 2016.The reported $9.5 million net income was welcome news for Ocwen, which endured losses of $111 million and $87 million in the first and second quarters of 2016, respectively.One huge difference for Ocwen was in the servicing segment, which recorded a pre-tax income of $33.2 million in Q3—an improvement of $47.9 million over the second quarter. Ocwen attributes the turnaround to strong performance under the government’s Making Home Affordable streamline modification program, significant operating cost improvements, gains from the execution of servicing “clean up” call rights and MSR sales, and continued reductions in advances and match funded advances.“We are very pleased with the financial result this quarter, recording our first quarterly profit since the second quarter of 2015,” said Ron Faris, President and CEO. “We saw terrific execution from our servicing team, which completed more than 21,000 modifications in the quarter, successfully delivered $12.0 million of gains on servicer ‘clean up’ call rights transactions and continued to reduce operating costs.  Additionally, our Automotive Capital Services business continues to grow and move closer to profitability. Our mortgage lending business saw growth in origination volume, but we must improve margins.”The year 2016 brought a new hope for Ocwen as Phyllis Caldwell assumed the role of independent Chairwoman for the company in March. With the change in leadership signaling a new era in the company’s history, Ocwen hopes it can leave its troubled past behind.“We remain focused on putting legacy matters behind us,” Caldwell said. “We received the much awaited Standard & Poor’s upgrade to our servicer ranking in August. We continue to progress toward a potential resolution with the California Department of Business Oversight to end the current consent order and associated third party auditor before year-end. We are also continuing to achieve benchmarks and meet necessary conditions that we believe will result in the other remaining third-party monitorships concluding at their scheduled end dates.”Caldwell continued, “I am also proud to say that despite some of the challenges of the past, we have continued to invest in our corporate culture, risk management, compliance, service excellence and technology. We have maintained our leadership in helping families struggling with their mortgage payments as evidenced by our number one status in the HAMP program. We are also making progress in building our new asset generation businesses. Most importantly, the entire Ocwen team is devoted to working in the best interest of homeowners and investors to deliver positive outcomes.”center_img in Daily Dose, Headlines, News, Servicing Ocwen’s Financial Fortunes Turn Around in Q3last_img read more

Firm Solutions and assure360 Officially Merge

first_img in Headlines, News, Technology July 20, 2017 628 Views Two technology and outsourcing companies used in the financial services, real estate, and legal industries have joined forces. Now, Firm Solutions and assure360 have the ability to offer new and unique technology compliance solutions for law firms and servicers, and all under one brand name: Firm Solutions.With the decision to become a single-company, Firm Solutions’ leadership now enabled to deliver a more modernized and complete offering to the industry.“Law firms and mortgage servicers are both in the process of recalibrating to the new-normal of the default servicing industry,” said Scott Brinkley, CEO of a360inc. “As the market continues to transition from the capacity challenges of recent years to the mounting compliance and performance burdens, new solutions and new thinking are imperative. Demand for innovative technology and new approaches to data-enabled outsourcing options that offer operational efficiency gains and ensure compliance will continue to increase.”The newly formed Firm Solutions also announced plans to debut an all-new platform to launch in the fall, which will be custom built for the changing compliance, vendor management and audit requirements that law firms and servicers face today.“As we continue to evolve our practice management solutions, this strategic decision enables us to deliver a more streamlined, cohesive and complete offering to the industry. Organizationally and operationally, this single-company approach will enable us to better develop, deliver and market the innovative solutions we know the industry needs,” continued Brinkley. “With new products poised for release and the active pursuit of additional strategic acquisitions, the industry can expect more major announcements in the immediate future.” Firm Solutions and assure360 Officially Mergecenter_img assure360 Company News Firm Solutions HOUSING legal services mortgage Outsourcing Service Providers technology solutions 2017-07-20 Staff Writer Sharelast_img read more

US Secretary of Agriculture Sonny Perdue today p

first_img U.S. Secretary of Agriculture Sonny Perdue today praised the Department of Labor and Guatemala on the signing of an agreement to improve H-2A visa program operations.The agreement will aid temporary agricultural workers from Guatemala as well as U.S. farmers, says the Department of Labor.It will do this by facilitating increased transparency, accountability, and worker safety in the H-2A program, it explains.Moreover, through this agreement, the Guatemalan government will provide additional safeguards for temporary workers. It plans to achieve this by certifying labor recruiters.According to the U.S. government, the agreement will strengthen the protections for U.S. workers and prospective Guatemalan H-2A workers.It claims the agreement will do this by ensuring Guatemalan H-2A workers are less vulnerable to criminal actors. August 01 , 2019 Additionally, the government says these safeguards will assist U.S. employers who use the program to find workers from Guatemala.The safeguards will provide additional transparency and accountability concerning foreign labor recruiters’ compliance with U.S. and Guatemalan law, it adds.USDA chief welcomes Guatemala H-2A agreementPerdue voiced his support for the move with a public statement.It read: “Our farmers and ranchers are the most productive in the world, and they want to obey immigration law. This move by the United States and Guatemala will allow for greater cooperation and will safeguard against disturbances in the H-2A visa program by protecting workers from illegal recruitment activity, providing our farmers with a stable, legal workforce.”President Trump is dedicated to securing our borders while continuing to support America’s farmers and ranchers. The signing of this agreement with Guatemala further solidifies our partnership and engagement with our neighbors and commitment to solving the humanitarian crisis at our southern border.”In May 2018 the Departments of State, Agriculture, Labor, and Homeland Security expressed a committment to addressing the challenges of the H-2A program. Bananas in Charts: U.S. market supplies hit five-y … You might also be interested inlast_img read more

British Airwaysearlybirds

first_imgBritish Airwaysearlybirds Book before 30 November 2017 to secure a British Airways earlybird deal including return fares to Singapore from $669* in World Traveller economy class and from $1,273* to the UK and Europe. BA’s daily flight between Sydney and London via Singapore offers customers an ideal opportunity to enjoy a tropical Christmas stopover as part of their journey, at no additional cost, says Nicole Backo, British Airways’ regional general manager, South West Pacific. T&Cs apply..IMAGE: © Singapore Tourism Boardlast_img read more

Helloworld TravelHLOVolleyball Australia

first_imgHelloworld TravelHLOVolleyball Australia Helloworld Travel agents from South Australia joined forces recently at the Volleyball South Australia Summer Sets Festival on Glenelg Beach.Helloworld Travel Blackwood, Helloworld Travel Elizabeth, Helloworld Travel Marion, Helloworld Travel Tea Tree Plaza, Helloworld Travel Mt Barker and Helloworld Travel Norwood teamed up to run a marquee at the 9-day festival, with prizes and giveaways, and of course all the latest travel deals and tips.The event saw thousands of attendees passing through over the duration of the festival to check out all the beach volleyball action. The Helloworld Travel stand also offered visitors the opportunity to win Travel Gift Cards and walk away with a Helloworld Travel drink bottle to keep cool while watching all the action.Helloworld Travel is the naming rights partner of Volleyball Australia.last_img read more