Virgin Australia Pionair apply for added capacity

first_imgQantas and Emirates alliance gaining ground. Source = e-Travel Blackboard: P.T. Virgin Australia seeks added seats beyond Singapore, while Pionair Australia applies for added freight capacity and Qantas gain approval for more seats on the France route.The International Air Services Commission (IASC) has received an application from Virgin Australia for an allocation of 400 seats beyond Singapore to Colombo in an effort to provide joint services with Singapore Airlines.Pionair Australia (trading as Skyforce Aviation) has sought an allocation of 28 tonnes of freight capacity on the France New Caledonia route and an allocation of 18 tonnes on the Papua New Guinea route.The Delegate of the Commission has approved Qantas’ previous request to allocate an additional 150 seats in each direction on the France New Caledonia route.The Commission has also decided to approve Qantas’ application to reduce capacity on the Italy route from 600 seats to 300 seats per week and permit the airline to codeshare on Emirate’s services.Codeshare services between Qantas and Emirates on the Thailand route have also been approved.Qantas and Emirates recently received regulatory approval on almost every aspect of their five-year alliance.last_img read more

AirAsia X 300000 sale bonanza

first_imgAirAsia X has sold a record 300,000 seats in a week, following the effective “Free Seats” marketing campaign. The record sale was achieved in conjunction with revenue growth from the campaign which boosted revenues 19 per cent across key long haul routes including Australia, Taiwan, Japan, Korea, Nepal, Sri Lanka, and China. “It’s remarkable that we are setting new records especially for destinations like Adelaide, Perth, Sydney and Kathmandu including our newly launched route – Nagoya, “This is amazing news. We are heartened by this record-breaking result, and are thrilled to deliver a new surge in tourist arrivals into Malaysia as well as the countries we fly to in the Asia Pacific Region, AiAsia X chief executive officer Azran Osman-Rani said. AirAsia X is the first long haul carrier to introduce premium flat bed seats in its business class.  “Following the footsteps of AirAsia, AirAsia X is blazing new trails, and revolutionizing the way travel plans are made.” Source = ETB News: T.N.last_img read more

Etihad flies daily to Perth

first_imgEtihad Airways is now flying direct from Abu Dhabi to Perth, after it signed a codeshare agreement with Virgin Australia to broaden its reach in Western Australia.The inaugural flight landed in Perth Airport yesterday at 1.10pm yesterday and is the first ever commercial link between the two destinations.Etihad Airways president and chief executive officer James Hogan said that Perth is a hotspot for the airline in Australasia.“Today’s inaugural flight creates the first commercial air link between Perth and Abu Dhabi and marks the beginning of an exciting new era of partnership between the state of Western Australia and the Emirate of Abu Dhabi,” Mr Hogan said.“Abu Dhabi and Perth are each popular business travel and holiday destinations – attracting 2.8 million and 7.3 million visitors respectively in 2013 – and we are already seeing a strong commercial response to the new route from travellers in the UAE and Western Australia.”Mr Hogan also said that the new partnership will also be good for Etihad’s cargro business.“We believe there is a significant opportunity to contribute to the state’s economic success by offering international tourists convenient connections to Western Australia – in 2013 alone tourism contributed $A7.7 billion to the West Australian economy through visitor spend,” Mr. Hogan said.The Perth route will be operated by Airbus A330-200s with 262 seats – 22 seats in Pearl Business Class and 240 in Coral Economy Class.Source = ETB News: Tom Nealelast_img read more

United Airlines expands industryleading commitment to biofuel

first_imgUnited Airlines expands industry-leading commitment to biofuelUnited Airlines today further strengthened its emerging reputation as the world’s most environmentally conscious airline by renewing its contract with Boston-based World Energy, agreeing to purchase up to 10 million gallons of cost-competitive, commercial-scale, sustainable aviation biofuel over the next two years. The biofuel, which United currently uses to help sustainably power every flight departing its Los Angeles hub, achieves a greater than 60% reduction in greenhouse gas emissions on a lifecycle basis.United’s contract renewal follows the airline’s original purchase agreement in 2013, helping United make history in 2016 when it became the first airline in the world to use sustainable aviation biofuel on a continuous basis. United is currently the only U.S. airline to use biofuel in its regular operations. World Energy’s biofuel is made from agricultural waste and has received sustainability certification from the Roundtable on Sustainable Biomaterials.World Energy recently announced that it will invest $350 million to fully convert its Paramount, California, facility to renewable diesel and sustainable aviation jet fuel, bringing its total capacity to more than 300 million gallons of production annually at that location, one of the company’s six low-carbon fuel manufacturing plants.“Investing in sustainable aviation biofuel is one of the most effective measures a commercial airline can take to reduce its impact on the environment,” said Scott Kirby, United’s president. “As leaders in this space, United and World Energy are setting an example for the industry on how innovators can work together to bring our customers, colleagues and communities toward a more sustainable future.”“Great companies lead,” said Gene Gebolys, World Energy’s chief executive officer. “We are honored to renew our commitment to United to advance their efforts to drive change to a lower carbon future.”United’s contract renewal with World Energy will further assist the airline in achieving its recently announced commitment to reduce its greenhouse gas emissions by 50% by 2050. United’s pledge to reduce emissions by 50% relative to 2005 represents the equivalent of removing 4.5 million vehicles from the road, or the total number of cars in New York City and Los Angeles combined. United’s biofuel supply agreements represent more than 50% of the commercial aviation industry’s total agreements for sustainable aviation biofuel.United’s Commitment to the EnvironmentUnited’s latest investment in sustainable aviation biofuel, along with its commitment to reduce its greenhouse gas emissions, represents yet another innovative initiative the airline has undertaken to minimize its impact on the environment. Several of United’s most significant environmental achievements include:* Becoming the first airline to fly with Boeing’s Split Scimitar winglets, which reduce fuel consumption by an additional 2% versus standard winglets; United is the largest Scimitar winglet operator today, with nearly 400 aircraft equipped with these winglets.* Becoming the first U.S. airline to repurpose items from the carrier’s international premium cabin amenity kits and partnering with Clean the World to donate hygiene products to those in critical need.* Eliminating non-recyclable plastic stirring sticks and cocktail picks on aircraft and replacing them with an environmentally friendly product made of 100% bamboo.* Partnering with Audubon International to protect raptors – including hawks, owls and kestrels – in and around United’s hubs and resettle the birds of prey at habitats where the species are more likely to thrive.* Continuing to replace its eligible ground equipment with cleaner, electrically powered alternatives, with nearly 40% of the fleet converted to date. United’s Award-Winning Eco-Skies ProgramUnited’s award-winning Eco-Skies program represents the company’s commitment to the environment and the actions taken every day to create a sustainable future. In 2017, Air Transport World magazine named United the Eco-Airline of the Year for the second time since the airline launched the Eco-Skies program. Last year, United Airlines ranked No. 1 among global carriers in Newsweek’s Global 500 Green Rankings, one of the most recognized environmental performance assessments of the world’s largest publicly traded companies. For more information on United’s commitment to environmental sustainability, visit united.com/ecoskies.About UnitedUnited’s shared purpose is “Connecting People. Uniting the World.” We are more focused than ever on our commitment to customers through a series of innovations and improvements designed to help build a great experience: Every customer. Every flight. Every day. Together, United Airlines and United Express operate approximately 4,900 flights a day to 355 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world’s most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United operates 779 mainline aircraft and the airline’s United Express carriers operate 569 regional aircraft. United is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter and Instagram or connect on Facebook. The common stock of United’s parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol “UAL”.Source = United Airlineslast_img read more

Maverick Funding Expands Reverse Mortgage Network

first_img In Maryland, “”Maverick Funding Corp.””:www.maverickfunding.com/ is rolling out a new branch of its subsidiary, Reverse Mortgage Network. Recently announcing the addition of 40 reverse mortgage loan officers from within Baltimore-based “”Great Oak Lending””:www.greatoaklending.com/, Maverick will conduct its expansion during the first two quarters of 2012.[IMAGE]Great Oak’s former CEO, Joshua Shein, will team up with Maverick to lead, manage, and launch “”Reverse Mortgage Network’s””:http://reverseandrelax.com/ new location. During the next six months, all 40 employees of Great Oak will transition to Maverick, and the company anticipates that its Maryland operations will be up and running by mid February. In a company statement, Maverick’s CEO, Ralph Vitello, noted that he expects Reverse Mortgage Network to become one of the [COLUMN_BREAK]top 10 reverse mortgage lenders in the U.S. In addition to Maverick’s current plans for expansion, the company is also introducing wholesale lending offices throughout southeastern and western states. Shein spoke out on the transaction between Great Oak and Maverick, stating, “”There is tremendous opportunity with Maverick Funding’s Reverse Mortgage Network. The company is experiencing rapid growth, the people are terrific to work with, and I’m really looking forward to being part of this group as we move forward providing diversified offerings to seniors in the United States who wish to age in place.””Echoing Shein’s positive commentary, Dino Guadagnino, vice president of Reverse Mortgage Network, added, “”The additional officers, and branch offices, will provide a significantly larger footprint for Reverse Mortgage Network, catapulting the company into a whole new level. We welcome our new colleagues, and are excited about what the future has to hold.””Maverick’s president, Mike Petruccelli, also extended his thoughts on the new initiative, saying, “”We are incredibly energized by the growth that both Maverick Funding and Reverse Mortgage Network are experiencing.├âÔÇÜ├é┬áWe’re confident that, by providing the right products and outstanding customer service, we will continue to expand the two organizations, their geographic availability, and the offerings we can make available to our clients.”” Maverick Funding Expands Reverse Mortgage Network in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Reverse Mortgage Service Providers 2012-02-06 Abby Gregorycenter_img February 6, 2012 391 Views Sharelast_img read more

Discounts Drive Cash Buyers to Market Survey

first_imgDiscounts Drive Cash Buyers to Market: Survey More homebuyers are scooping up properties with cash only, even in an environment for record-low mortgage rates, according to a recent survey.[IMAGE]””Campbell Surveys””:http://www.campbellsurveys.com/ and “”_Inside Mortgage Finance_””:http://www.insidemortgagefinance.com/ jointly released the “”HousingPulse Tracking Survey””:http://campbellsurveys.com/housingreport/press_022712.htm Monday, offering responses from about 2,500 real estate agents around the industry.””Both mortgage rates and certificate of deposit rates have been very low for some time now,”” Thomas Popik, research director for Campbell Surveys, said in a statement, adding that it came about as a result of the Fed’s decision to pursue historically low interest rates until 2014.””I think a lot of affluent homebuyers just threw in the towel and decided to use all cash,”” he added.Cash buyers remain important to the market, with all-cash transactions taking up 30.8 percent to 34.1 percent of the homebuyer market for nine months last year, according to the [COLUMN_BREAK]survey.It said that cash buyers will account for roughly half of all homebuyers in 2012 if current trends continue.The survey also attributed the rise in all-cash transactions in part to discounts worth approximately 10 percent, a helpful way to reduce distressed properties, including foreclosures and short sales.Respondents reportedly credited the rise in all-cash purchases with late appraisals and a sluggish underwriting process, with a non-troubled “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory loan taking about two months to close on average, compared with 45 days or more for mortgages backed by “”Fannie Mae””:http://www.fanniemae.com/portal/index.html and “”Freddie Mac””:http://www.freddiemac.com/.””Appraisals are holding things up,”” the survey quoted an anonymous agent from Florida as saying. “”Even a [rush] order takes over two weeks.””Appraisers remain controversial to home sales, with some faulting the appraisal process for a hold-up in the housing recovery.Spokespeople with the “”National Association of Realtors””:http://www.realtor.org/ have said in past interviews with _MReport_ that existing-home sales would rise 15 percent to 20 percent if not for low-balling appraisals.The heightened scrutiny over appraisals prompted the “”Appraisal Institute””:http://www.appraisalinstitute.org/ to release a statement defending their members in January.””The fact is that appraisers are undertaking the same thorough research and thoughtful analysis that they always have in order to continue producing reliable, credible opinions of value,”” “”Sara Stephens””:http://www.appraisalinstitute.org/about/officers_bio_page.aspx, president of the trade group, said in the statement, adding: “”Don’t shoot the messenger.”” Share Agents & Brokers Appraisals Existing-Home Sales Fannie Mae Federal Reserve FHA First-Time Homebuyers Freddie Mac Home Sales Housing Affordability Investors Lenders & Servicers Mortgage Rates National Association of Realtors Processing Service Providers Underwriting Standards 2012-02-27 Ryan Schuettecenter_img February 27, 2012 442 Views in Government, Origination, Secondary Market, Servicinglast_img read more

Redfin Sales Prices Strong in January Inventory Anemic

first_img February 18, 2013 417 Views Home sales kicked off 2013 with their strongest start in years, according to data tracked by broker “”Redfin””:http://www.redfin.com/#home.[IMAGE]Redfin’s Real-Time Price Tracker, which tracks prices, sales, and inventory across 19 U.S. markets, shows home sales were up in January 12 percent year-over-year. While sales were down 20 percent from December, Redfin says this January was the strongest in “”at least four years.””Fifteen of the 19 tracked markets saw sales increase from a year ago. No markets reported a month-over-month gain in sales.Prices also dipped a bit from December, falling 2.5 percent–a common occurrence this time of year, Redfin says. Year-over-year, January experienced a 10.1 percent increase in prices, marking the 10th consecutive month that national prices have increased on a yearly basis. [COLUMN_BREAK]Eight of the 19 metro areas tracked for Redfin’s report saw month-over-month increases in January, up from seven metros in December.According to the report, Phoenix and Las Vegas lead the pack in annual price gains, improving 31 percent and 26 percent, respectively. Meanwhile, Long Island and Philadelphia both lost ground, dropping 1.9 percent and 0.3 percent.While sales and prices showed strength in January, inventory remained anemic. According to the report, the number of homes for sale declined 33.4 percent from January 2012 to January 2013 (slightly worse than the 33.0 percent year-over-year drop in December). Month-over-month, listings were down 0.9 percent.According to Redfin, as of January, inventory has dropped on a yearly basis for 23 months in a row.While low inventory remains a concern, it did contribute to a spike in the percentage of listings that sold within two weeks of their debut. The percent of listings under contract within 14 days of debuting shot up to 30.3 percent in January, the highest point recorded since Redfin started tracking that statistic in January 2010. According to “”Redfin blogger””:http://blog.redfin.com/blog/2013/02/2013_starts_off_strong_for_sellers_home_prices_sales_both_way_up.html Tim Ellis, the apparent spike in buyer activity indicates an intense spring selling season ahead.””Despite the fact that selection is still slim and has not yet shown any sign of making gains this year, buyers are already out in force,”” Ellis wrote. “”With January data this strong, it looks like we’re going to be in for a spring homebuying season even more hectic than last year.”” Agents & Brokers Attorneys & Title Companies Demand For-Sale Homes Home Prices Home Sales Housing Supply Investors Lenders & Servicers Processing Redfin Service Providers 2013-02-18 Tory Barringer in Data, Government, Origination, Secondary Market, Servicingcenter_img Redfin: Sales, Prices Strong in January, Inventory ‘Anemic’ Sharelast_img read more

FHFA Establishes GSEs Conforming Loan Limits for 2016

first_img The Federal Housing Finance Agency (FHFA) announced Wednesday that Freddie Mac and Fannie Mae’s maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.According to the Agency, the maximum conforming loan limits for mortgages acquired by the GSEs in 2016 will remain at the current level of $417,000 for one-unit properties.The FHFA noted that the Housing and Economic Recovery Act of 2008 (HERA) deemed the baseline loan limit to be $417,000. The rule also mandated that “after a period of price declines, the baseline loan limit cannot rise again until home prices return to pre-decline levels,” the FHFA stated.The FHFA reported that the current loan limit of $417,000 will not change because the Agency “determined that the average U.S. home value in the third quarter of this year remained below its level in the third quarter of 2007.”In a letter to the Federal Housing Finance Agency (FHFA), the National Association of Federal Credit Unions (NAFCU) urged the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower.”NAFCU believes the current 2015 limits should be kept in effect in order to avoid a disruption to the national housing market that is still recovering,” Subramanian said. “NAFCU’s economic research team has concluded that while home sales are widely expected to improve in 2015 as the labor market improves, the exit of many investors from the market and the lack of first-time homebuyers represent two issues of concern for the coming year. Sudden or drastic changes to the conforming loan limit rate for the Enterprises could hamper this recovery.”However, the FHFA does intend to raise that number a bit in 39 counties where housing costs are a bit higher.Depending on the area’s median home value, HERA will provide higher loan limits in high-cost counties, FHFA said. In 39 specific high-cost counties, where home values rose in the last year, the conforming loan limit will be increased.”Although other counties also experienced home value increases in 2015, after other elements of the HERA formula—such as the statutory ceiling and floor on limits—were accounted for, these local-area limits were left unchanged,” the FHFA explained.According to the FHFA, several counties in California, Colorado, Massachusetts, New Hampshire, Tennessee, and Washington will all see their conforming loan limit raised in 2016.Click here to view the FHFA’s complete list. in Daily Dose, Government, Headlines, News FHFA Establishes GSEs’ Conforming Loan Limits for 2016 Conforming Loan Limits Fannie Mae Federal Housing Finance Agency Freddie Mac Housing and Economic Recovery Act of 2008 2015-11-25 Staff Writercenter_img November 25, 2015 561 Views Sharelast_img read more

Can Higher Education Boost Homeownership

first_img Share Conventional wisdom has long suggested that having a college degree puts people in a better position to buy homes. Well, conventional wisdom got the backing of Fannie Mae Wednesday, when the GSE  released the second in a series of studies looking at higher education and housing. What Fannie Mae found was that those with at least a bachelor’s degree are 17.5 percent more likely to be able to buy a home than someone without a high school diploma.The news comes at a time when federal officials are pondering the weight of student loans on young adults.“As student loan debt has mounted and young-adult homeownership rates have fallen over the past decade,” wrote Gary Painter, director of social policy, Sol Price Center for Social Innovation, University of Southern California, “considerable attention has focused on the nexus among student loans, education, and homeownership. Recent analyses suggest that the benefits of attaining a college education outweigh the downsides of student loan debt when it comes to achieving homeownership.”After adjusting the findings of its research for race, age, sex, and marital status in addition to parental resources‒‒surprisingly not as much of a needed factor in homebuying among young and first-time buyers where higher education is concerned‒‒the researchers found that having a bachelor’s or higher degree compared to not having a high school diploma increases noticeably.“Even after introducing additional controls for the child’s current income and [parental resources],” Painter wrote, “the researchers found that homeownership attainment remains 5.4 percentage points higher for those with at least a bachelor’s degree.”The education effect on homeownership is also barely dampened when factoring in parental endowments. This, Fannie Mae reports, “reduces the association between education and homeownership for adult children by less than 2 percent.” Painter said the finding suggests that “the educational boost to homeownership is largely independent of the parental resources that may have helped increase education.”The implication, he said, is that homeownership attainment could be increased through policies that promote higher education and increase human capital.“While it is not completely understood why higher education is associated with higher homeownership,” Painter wrote, “evidence of an education effect that persists net of household income and wealth suggests that additional mechanisms are at work.”He suggested that higher education might entail greater financial fluency, including better understanding of the steps necessary to buy a house and access credit markets. Fannie Mae Homeownership Student Loan Debt 2016-09-14 ScottMorgan1 Can Higher Education Boost Homeownership?center_img September 14, 2016 526 Views in Daily Dose, Data, Headlines, Newslast_img read more

Leading Real Estate Finance and Credit Industry Law Firm Expands with New

first_img Potestivo & Associates, P.C., recently announced the hiring of its 27th attorney, local lawyer Anthony J. DeClercq. Joining the firm’s other 26 attorneys and more than 100 team members—who serve in offices across three states—DeClercq began his new role as an Associate Attorney supporting the Litigation Department on January 30. He is based in Potestivo’s downtown Rochester, Michigan, headquarters.DeClercq earned his Juris Doctor from Michigan State University College of Law after graduating with a Bachelor of Science in History from Central Michigan University. He completed several significant clerkships and internships, such as serving as a Law Clerk for the Honorable Kathryn A. Viviano at the Macomb County 16th Judicial Circuit Court. DeClercq also brings a wealth of real estate and finance experience gained from past positions, such as working as a mortgage underwriter for a wholesale mortgage company.This background and proven work ethic made DeClercq a great fit for Potestivo & Associates, which provides legal solutions to the real estate finance and credit industry. “We are very pleased to welcome Anthony,” said Brian Potestivo, President-Managing Attorney. “He brings the industry knowledge, experience, and initiative to serve our clients.”A member of the Michigan State Bar and a certified Notary Public, DeClercq also applies his talents to support philanthropic efforts. Leading Real Estate Finance and Credit Industry Law Firm Expands with New Associate Attorney in Headlines, Media, News Sharecenter_img Anthony J. DeClercq Brian Potestivo Juris Doctor Kathryn A. Viviano Michigan State Bar P.C. Potestivo & Associates themreport 2017-02-22 Staff Writer February 22, 2017 500 Views last_img read more

Carrington Holding Company Welcomes New Leadership

first_img John NicholasAliso Viejo, California-based Carrington Holding Company announced that it is expanding the leadership team of the Carrington Retail Group (CRG), the company’s direct-to-consumer division that integrates real estate, lending, and title services to provide an extraordinary customer experience.CRG has hired industry veteran John Nicholas as its Chief Technology Officer. Nicholas was most recently SVP of Product at online real estate marketplace Ten-X. Previously, he was founder and CEO of Channel Software, which was acquired by Ten-X subsidiary Auction.com in 2015.The company also announced two promotions within the consumer retail group. Ryan Dranginis, formerly VP of Business Technology, was named head of Marketing. Dranginis has been with Carrington for three years working on the development of the company’s platform that connects real estate, lending, and title services for consumers and agents.Christopher Gordon, formerly VP of Business Operations and Strategy, was named Head of Operations. Gordon joined the company in 2012, and has held a variety of roles throughout The Carrington Companies.“Working together, this team will help Carrington further translate its industry expertise into an unmatched homeownership experience allowing consumers to find, finance, and make the most of their homes through the portfolio of services Carrington provides its customers,” said Greg Drakos, EVP of Carrington Retail Group. “We see a huge opportunity in aligning our team and technology to optimize the customer experience, and position Carrington as a leader in the residential real estate and mortgage markets.”Carrington is a holding company whose primary businesses include asset management, mortgages, real estate transactions, and real estate logistics. Collectively, the businesses are vertically and horizontally integrated, and provide a broad range of real estate services encompassing nearly all aspects of single family residential real estate transactions in the United States. Carrington’s international presence includes operations in the United Kingdom and Italy. May 22, 2018 623 Views in journal, News, Servicing Carrington Holding Company Welcomes New Leadershipcenter_img Share 2018-05-22 Kristina Brewerlast_img read more

RoundPoint Mortgage Partners with Bay Point Advisors

first_img in Headlines, News, Servicing North Carolina-based non-bank mortgage servicing company, RoundPoint Mortgage Servicing Corporation (RPMS), has been selected as a subservicing partner for Bay Point Advisors, LLC, an Atlanta-based private lender providing small and medium-sized businesses with secured, mezzanine, bridge and DIP financing.“We are excited to add Bay Point to our diverse subservicing investor client base and we remain committed to partnering with organizations, such as Bay Point Advisors, as they continue to expand businesses and communities,” said Allen Price, SVP and Head of Business Development for RPMS, which services loans for a variety of investment banks, PE firms, hedge funds, mortgage banks, and credit unions.According to Charles Andros, President of Bay Point Advisors, “RoundPoint is very responsive to our needs and we are delighted by the service they provide.”Bay Point’s Secured Lending group lends to small and mid-sized businesses where traditional loan sources do not exist and designs custom funding solutions that meet the unique needs of each business.Kevin Brungardt, CEO for RPMS said, “We are delighted to have been selected as Bay Point Advisors’ subservicing partner and look forward to providing a world-class customer experience to its borrowers.”RPMS currently services over $75 billion worth of mortgage assets, which are comprised of its own assets and loans sub-serviced for many other investor types nationwide. It is licensed to service loans in all 50 states, the District of Columbia, and the U.S Virgin Islands and is publicly rated by Fitch Ratings (RPS3+, RSS3+), Standard & Poor’s (Average), and Kroll Bond Rating Agency (BB). The company is a seller and servicer for Fannie Mae and Freddie Mac. It is an approved single-family issuer and servicer for Ginnie Mae and maintains current MBS issuer eligibility.“RoundPoint has a good system in place to help private lenders like us assist business customers with expansions. We’re excited about collaborating with RoundPoint for our sub-servicing needs,” said Greg Jacobs, CFO at Bay Point Advisors. Home HOUSING Loansm assets mortgage Round Point Servicing 2018-08-17 Radhika Ojha August 17, 2018 821 Views center_img Share RoundPoint Mortgage Partners with Bay Point Advisorslast_img read more

FHFAs Strategy for 2021

first_img Diversity & Inclusion Fannie Mae FHFA Freddie Mac Home HOUSING OMWI Plan Strategy 2018-10-23 Radhika Ojha in Daily Dose, Featured, Government, News Sustainability is the focus of the Federal Housing Finance Agency’s (FHFA’s) Office of Minority and Women Inclusion (OMWI) Strategic Plan, which outlines OMWI’s plan for leading diversity and inclusion and equal employment opportunity efforts at the FHFA and diversity and inclusion (D&I) efforts at Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, which includes 11 banks and the Office of Finance.Over the past three years, the FHFA said, it has worked to develop the foundations on which it has built its present strategic plan for the period 2019-2021. During that time, Sharron P.A. Levine, Director OMWI said that FHFA had implemented a “comprehensive OMWI operational structure, launched government leading D&I examination program and developed clear diversity, inclusion, and equality standards.””With these core building blocks in place we are focused on the next stage of FHFA’s D&I evolution: ensuring that diversity, inclusion, and equality are integral parts of the cultural consciousness and the daily business, human capital, and cultural activities of FHFA and its regulated entities,” Levine wrote in a message outlining the agency’s strategic plan.To ensure the sustainability of the plan, the FHFA said that it plans to focus on three goals over this three-year period:Strengthening the understanding of diversity, inclusion, and equal opportunity to drive cultural awarenessDelivering meaningful diversity and inclusion communicationEnsuring OMWI organizational sustainabilityWhile the first goal is aimed at empowering a culture of diversity and inclusion at the FHFA and the entities under its conservatorship, the agency plans to engage stakeholders in its D&I mission and communicate the inherent benefits and opportunities in achieving the D&I objectives.FHFA plans to develop strategic tools, policies, and services that support the long-term sustainability and effectiveness of its D&I mission to achieve its third goal.The plan also revealed that the agency’s annual operational plans would identify specific strategies and define both organizational and individual performance goals to accomplish the OMWI Strategic Plan, in alignment with thestrategic goals identified in FHFA’s Strategic Plan for FY 2015 – 2019.The three goals are tied in to help the agency advance and achieve its strategy for 2018-2022, especially its strategy of ensuring Liquidity, Stability, and Access in Housing Finance. October 23, 2018 534 Views center_img FHFA’s Strategy for 2021 Sharelast_img read more

Prized Possessions The Most Expensive ZIP Codes

first_imgPrized Possessions: The Most Expensive ZIP Codes February 25, 2019 1,507 Views Which is the priciest neighborhood in each state? With median listing prices ranging from more than $6 million to as low as $346,000, a study by realtor.com looked at the most expensive neighborhoods in each and every state as well as the District of Columbia.To track down each state’s priciest area, the realtor.com team calculated the median listing price in 2018 for every ZIP code in the U.S. that had an average of more than 30 listings per month.The most expensive neighborhood in the country was not a huge surprise. With a median home list price of $6.06 million, the iconic 90210 ZIP code in Beverly Hills, California was hands down the costliest neighborhood in the country. However, the list also included some upcoming areas that have seen a price boom in recent years.One example was Birmingham, Alabama’s 35223 ZIP Code where new jobs are leading to a real estate boom. Buyers in this ZIP code can buy Beverly Hills-style homes for a fraction of that price. The median list price for a home in this area is $611,612, according to the study.While cities like New York and San Diego continue to be favored by international investors–the priciest neighborhood in New York state was the Tribeca area’s ZIP code 10013, with a median home list price of $4.7 million–Anchorage, Alaska has also been seeing increasing interest from “deep-pocketed international buyers,” the study revealed. With home prices averaging $537,129, Anchorage’s 99516 ZIP code is the priciest housing market pocket in Alaska.From the arctic hills to a ski village, homes in 81654 in Snowmass, Colorado are the costliest in the state. With the median home list price at more than $3.3 million the location of this ski town consists of enormous mansions, the study indicated.Looking at the South, Miami remained among the most expensive cities, with homes in 33109, Fisher Island costing more than $3.5 million. The study revealed that the area had become popular for second homes for some of the world’s wealthiest people. In Hawaii, Kilauea’s 96754 ZIP code was the priciest with home prices costing a little over $2.2 million.Click here to read the full list of the most expensive ZIP codes in each state. Sharecenter_img in Daily Dose, Data, Featured, News Alaska california Colorado Home Prices homes HOUSING Miami New York Realtor.com 2019-02-25 Radhika Ojhalast_img read more

Captain Cook Cruises is offering two cruise option

first_imgCaptain Cook Cruises is offering two cruise options on Sydney Harbour for the start of the Rolex Sydney to Hobart Yacht Race on Monday 26 December 2016.Choose from two departure times (10.30am and 11.15am) for the Boxing Day Race Picnic Cruise that leaves from No 6 Jetty Circular Quay, and follow the race fleet to the entrance of Sydney Harbour, with live commentary, complimentary beer, wine or soft drink, plus tea or coffee. Passengers are encouraged to bring their own picnic lunch and beverages are available for purchase on board. The cruises return at 2pm and are priced from $69 per person.Or head to Shark Island, one of the best harbour vantage points. Bring a picnic lunch and enjoy the day from $49 per person. The cruise departs at 9.30am from No 6 Jetty Circular Quay and returns at 3.15pm. cruiseSydneylast_img read more

In a developing news story several Arab nations –

first_imgIn a developing news story, several Arab nations – United Arab Emirates, Saudi Arabia, Egypt, Bahrain, Libya, Yemen – cut diplomatic ties with Qatar yesterday (Monday 5 June 2017) in protest at what they say is Qatar’s support for radical Islamist ‘terror’ groups. Each has given its citizens 14 days to leave Qatar, and closed air and sea corridors.Etihad Airways and Emirates are the first, of what is anticipated to be several, airlines to announce suspension of all flights to and from Doha, the Qatar capital from today (Tuesday 6 June 2017) until further notice. Qatar Airways has announced this morning that its flights to UAE, Saudi Arabia, Bahrain and Egypt have been suspended from today. Click here for details of those flights today that will proceed as scheduled and/or have been unaffected.EgyptAir, Gulf Air and Saudia are also expected to be directly affected.This from the BBC:Abu Dhabi’s Etihad Airways and Dubai’s Emirates are suspending all flights to and from Doha, starting from Tuesday morning. Both carriers operate four daily return flights to Doha.Budget carriers FlyDubai and Air Arabia are also cancelling routes to Doha, with other airlines, including Bahrain’s Gulf Air and Egyptair expected to follow suit.It comes after Saudi Arabia, the UAE, Bahrain and Egypt all said they would stop flights in and out of Qatar, and close their airspace to the country’s airline, Qatar Airways.And it is Qatar’s flag carrier that risks being the biggest loser. On one level, its flights to places like Dubai, Abu Dhabi, Riyadh and Cairo will stop. That is dozens of flights a day.It has already said it is cancelling its services to Saudi. EgyptEmiratesEtihadQatarlast_img read more

Cruise Lines International Association CLIA Aust

first_imgCruise Lines International Association (CLIA) Australasia has announced the finalists for the 18th annual Cruise Industry Awards ahead of its sold-out event at the Star Event Centre Sydney on Saturday 23 February 2019.The 71 finalists from across Australia and New Zealand have been considered under a revamped judging process ahead of next month’s award ceremony and gala dinner, where 18 accolades will be handed out to honour the top achievers of the industry.More than 500 submissions have been considered under the refreshed awards process in which 12 categories were open for nomination.CLIA Australasia Managing Director Joel Katz congratulated all the finalists and said the standard of submissions this year had been especially high.“The one thing that has become clear from submissions this year is that travel agents are more engaged and dedicated than ever before,” Mr Katz said. “There’s a genuine passion for the industry that shows in the work they are doing, and that’s a big part of the success the cruise sector is experiencing in Australia.”VIEW ALL FINALISTS HERE CLIA Australasiacruiselast_img read more

Scenic has released its South East Asia River Crui

first_imgScenic has released its South East Asia River Cruising courses, the latest module updates for its new global e-learning platform – Agent Academy. As an incentive for agents to complete these new modules, Scenic is also offering $250 Scenic Rewards points to the first consultant in each Australian state to complete the two courses by 30 August 2019. The next 50 to complete the courses will receive $50 Scenic Rewards points.“Agent Academy provides custom built product training courses for travel agent partners across our portfolio of brands – Scenic Luxury Cruises and Tours plus Evergreen Cruises and Tours,” said Emma Davie, Director Trade Sales and Commercial Partnerships Scenic. “Agent Academy was developed and launched in conjunction with key agents in January 2019. The program has been very successful with more than 4,000 agents signing up for the course across Australia, New Zealand, United Kingdom and United States. “This next phase of development includes the addition of two South East Asian river cruising courses – one for Evergreen‘s product on the Mekong, and one for Scenic’s product on both the Mekong and Irrawaddy rivers.” agentscruiseincentivesScenictraininglast_img read more

It appears that if the Seattle Seahawks want Kevin

first_imgIt appears that if the Seattle Seahawks want Kevin Kolb they can have him, and all it would take is a first round pick. What an MLB source said about the D-backs’ trade haul for Greinke Top Stories Nevada officials reach out to D-backs on potential relocation Sounds like Kevin Kolb would only go to #Seahawks for a 1st-round pick because #Eagles don’t want any of Seattle’s vets http://bit.ly/eVFX3Xless than a minute ago via Seesmic Desktop Favorite Retweet ReplyEvan Silvaevansilva D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Is that all it would take? Kind of makes you wonder what the Cardinals are offering.After all, the Eagles do appear to be interested in Arizona corner Dominique Rodgers-Cromartie. It was thought a deal for Kolb would include DRC and a pick, but if Seattle only needs to sacrifice a pick the Cardinals should certainly consider that as well.Because, wouldn’t a first rounder seem like a much better price to pay than a former Pro Bowler? If Kolb is as good as the Cardinals think he is the pick won’t be as high in the draft, and if he’s not as good as they think they’ll have bigger problems to worry about besides not having a first round pick. Comments   Share   Cardinals expect improving Murphy to contribute right awaylast_img read more

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first_img Comments   Share   What’s been different? First, rookie Nate Potter was inserted at left tackle, and has been a major improvement over journeyman D’Anthony Batiste, who started the first nine games of the season. Potter will make his fourth straight start against the Seattle Seahawks at Century Link Field Sunday.“For a rookie player, he’s done a nice job. He’s gotten better and better,” Cardinals head coach Ken Whisenhunt said. “This will be a real test, in that noise, and they’ve got really good rushers in (Chris) Clemons and (Bruce Irvin) and they do a number of different things to take advantage of that, so this will be a real test for him.”According to ProFootballFocus.com, Potter is coming off his best performance of the season in last Sunday’s loss to the New York Jets. The former Boise State All-American allowed just one quarterback hit against the Jets. Potter got his feet wet in Week 9 when he replaced Batiste in the middle of the Cardinals loss to the Green Bay Packers at Lambeau Field, and has built on that strong first showing.“To go in against Clay Matthews in the first game he had to play, which is a similar-type situation, from there, he’s gotten better and better,” said his head coach. “I think that he’s still a rookie and this will be a new situation for him, but he’s going to be a good football player.” Former Cardinals kicker Phil Dawson retires Whisenhunt is also pleased with how Potter has played in other areas.“He’s actually done a good job with the run blocking,” he said. “I think what you see from him is that he understands the game and his technique is good. He may not have the bulk or the strength yet to move it like you think he will be able to one day.“He’s conscious of trying to work his feet and work his hands and you see him come off the ball — he does a lot of things very athletically, which for a guy his size, when his strength catches up to it, you like that combination.”Potter hasn’t been the only rookie tackle to show major improvement in the last few weeks. Right tackle Bobby Massie, after giving up 13 sacks in a six-game span, has shored up the right side. Massie hasn’t given up a sack since a Week 8 loss to San Francisco on Monday Night Football. Top Stories Derrick Hall satisfied with D-backs’ buying and selling Over the last three weeks, ten NFL teams have allowed more quarterback sacks than the Arizona Cardinals.Let that sink in.The San Diego Chargers, Jacksonville Jaguars, Dallas Cowboys, Green Bay Packers, Baltimore Ravens, Chicago Bears, Detroit Lions, New York Jets, Seattle Seahawks and Tennessee Titans have all allowed more quarterback sacks than the Cardinals’ seven in that time span.Considering that the Cardinals allowed opponents to perform 29 sack dances in a four-week span, there’s significant process being made. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impactlast_img read more