International Convention Centre Sydney (ICC Sydney) was at the centre of discussions this week as a forum focused on the rejuvenation of Sydney’s western harbour took place, with private and public sector representatives debating on how best to promote an emerging super precinct.ICC Sydney chief executive officer and AEG Ogden Group conventions director Geoff Donaghy said even though the international convention centre was in its own defined area of Darling Harbour, it was also helped along by the growth of neighbouring finance, technology, media and student centres.“A world class venue that will be underpinned by sophisticated services and people, ICC Sydney delegates and guests will enjoy the benefits of attending business and leisure events at the epicentre of a growing business, finance and innovation precinct along Sydney’s western waterfront,” Mr Donaghy said.A new global financial services centre at the Barangaroo development, an expanding media and technology hub in Pyrmont, more students and start-ups originating from the University of Technology Sydney and more residents through local residential development will constitute the ICC Sydney new surroundings.“This week we have seen individual businesses and business groups, different tiers of Government, university leaders and individuals all meet to discuss how to best leverage the current rejuvenation of Sydney’s western harbour and deliver the best results for Sydney.“It feels as though the entire city is in support of the delivery of a successful western harbour revitalisation and that means a great result for ICC Sydney as well as this beautiful city,” Mr Donaghy said.ICC Sydney is due to open in December 2016.Source = ETB News: Jessica Handyside
Boeing donates first-ever 787 Dreamliner to Central Japan International AirportBoeing (NYSE: BA), airline customers, industry partners and community leaders joined together today to celebrate Boeing’s donation of the first 787-8 Dreamliner flight test airplane to Centrair International Airport in Nagoya.”It is fitting that we bring Boeing’s first-ever 787 Dreamliner, also known as ZA001, back home to Nagoya, the heart of Japan’s aerospace industry,” said George Maffeo, president, Boeing Japan. “Many of our partners here spent countless hours to develop and produce the 787 Dreamliner’s airframe structure and Centrair was with us from the very start of the journey. ZA001 carried all of our dreams and aspirations, and has grown to symbolize the storied partnership between Boeing and Japan’s outstanding aerospace industry.”“We are honored to be selected by Boeing to house the permanent display of the world’s first-ever 787 Dreamliner,” said Masanao Tomozoe, president and CEO, Central Japan International Airport Co., Ltd. “This milestone will allow us to significantly contribute to the aerospace community as well as the Greater Nagoya region by spurring the imagination and interest of future aviation pioneers here in Japan.”ZA001 is the last of three original flight test 787-8s Boeing has donated to inspire future generations, communities and aviation enthusiasts around the world. Previously, Boeing donated ZA002 to the Pima Air & Space Museum in Tucson, Ariz. and ZA003 to the Museum of Flight in Seattle.ZA001 first flew on Dec. 15, 2009, beginning what would become a six-airplane flight test and certification program for the 787-8. ZA001 performed a variety of ground and flight tests with a focus on aerodynamics, flight controls and systems performance.The Boeing 787-8 Dreamliner is the first in a family of technologically advanced, super-efficient airplanes with new passenger-pleasing features. With its unmatched fuel efficiency and environmental performance – 20 percent less fuel and emissions than the airplanes it replaces – the 787 has saved more than 2 billion pounds of fuel since entering service in 2011.Sixty customers from around the world have ordered more than 1,100 Dreamliners, making it the fastest selling twin-aisle airplane in Boeing history. In Japan, ANA and Japan Airlines have ordered a combined 128 787 Dreamliners – marking the largest customer base of 787s in the world.Central Japan International Airport (Centrair) is a 24-hour international hub airport located on a man-made island off the coast of Nagoya. Centrair serves 30 cities around the world with 300 weekly departures, as well as major cities in Japan with 80 flights per day. In 2015, the airport celebrated its 10th year of operations and was also awarded the prestigious “Best Regional Airport in the World” accolade by Skytrax.Centrair is a transport hub for the local aerospace and automotive industries. It is the only airport in the world from which both the 787 main wing and fuselage sections are flown to Boeing’s final assembly plants in the U.S. on the Dreamlifter.Source = Boeing
Ramada Resort Reia Taipa Beach celebrates official openingThe official opening of Wyndham Hotel Group’s latest Ramada-branded property in New Zealand was celebrated at a special launch event on Friday. The function was attended by local dignitaries including Tania McInnes Deputy Mayor, Far North District Council along with key tourism and hospitality industry representatives.Formerly the Reia Taipa Beach Resort, the property underwent an extensive refurbishment by its owners, Taipa Management Limited before being rebranded to Ramada Resort Reia Taipa Beach in March this year. The resort now boasts quality fixtures and fittings and contemporary décor. Guests can choose to stay in deluxe and superior studios, suites and apartments. Located between Cape Reinga and the Bay of Islands on the picturesque waterfront of Doubtless Bay, the resort offers a restaurant, bar, café, swimming pool, tennis court, barbecues and conference and event facilities accommodating up to 150 guests.Levin Da Costa, Director of Taipa Management Limited officially opened the resort in front of some 80 guests, saying the introduction of Ramada to the Far North was a key milestone for the region.“Ramada Resort Reia Taipa Beach is the gateway to exploring the Far North and offers unparalleled holiday and conferencing options,” said Mr Da Costa. “The introduction of the globally recognised brand of Ramada® will add value to the area as a key leisure and business destination.”Vice President Acquisitions and Development Wyndham Hotel Group South East Asia and Pacific Rim, David Wray said he was delighted to introduce the Ramada brand to one of New Zealand’s much loved tourism destinations.“The rapid expansion of Wyndham Hotel Group in the South East Asia and Pacific Rim as we have seen with Ramada in New Zealand is a testament to the emphasis we place on consistently high quality accommodation coupled with exceptional customer service,” Mr Wray said.Ramada® is a global brand of more than 840 midscale and upscale hotels worldwide that cater to families and business travellers and is part of the Wyndham Hotel Group, the world’s largest hotel company based on the number of hotels. Wyndham Hotel Groupbecome a Personal Travel Manager hereSource = Wyndham Hotel Group
Great Barrier Reef. Image credit: Tourism & Events QueenslandA forgetful blue tang fish named “Dory” is poised to once again catapult Queensland’s world famous Great Barrier Reef to the front of mind of potential global visitors.Qantas and Tourism and Events Queensland has announced it will partner with Disney Pixar on the highly anticipated New Zealand premiere screening in late June of Disney Pixar’s “Finding Dory”, the sequel to the much loved “Finding Nemo”, based around Dory’s journey from Queensland’s Great Barrier Reef to the coast of California to reunite with her family.Qantas Regional General Manager New Zealand and Pacific Islands, Wes Nobelius, said the release of the film was an organic platform to promote tourism and raise awareness of protecting the Reef.“Given so many New Zealanders travel to Queensland to experience the Great Barrier Reef, the Finding Dory movie is a great opportunity to help raise awareness about the importance of protecting this natural wonder,” Mr Nobelius said.“The film’s biggest theme is about family, and Qantas wants to help New Zealanders see Dory’s home in person, together as a family.”The national carrier will promote the Great Barrier Reef through an integrated marketing campaign in New Zealand with Tourism and Events Queensland, aimed at encouraging more visitors to the state to experience the beauty of the Reef for themselves. There will also be a radio competition for a chance to win tickets for a family of four to find Dory on the Great Barrier Reef.Qantas has a long standing relationship with the Great Barrier Reef Foundation to promote the ongoing conservation and preservation of the reef.In addition, for the month of June, Qantas is dedicating its carbon offset program – the largest of its kind in the world – to the support of a regeneration project in the Great Barrier Reef catchment area.All voluntary contributions will directly benefit the Catchment Conservation Alliance, a first of a kind public-private collaboration aimed at mobilising green finance from the private sector to deliver crucial environmental outcomes through changes in land management.“Catchment Conservation Alliance has gone to great lengths to contribute to the preservation of the Reef and we wanted to shine a light their work. It’s the perfect way to show how tourism and conservation can make a meaningful difference,” added Mr Nobelius.Qantas will feature the Great Barrier Reef as part of a special 16-page cover story in its in-flight magazine Qantas Spirit of Australia with a readership of more than half a million people, with millions more accessing the content online at Qantas Travel Insider or via the Qantas Magazine App.In January, Qantas launched a new tourism-themed safety video, which showcases some of the natural beauty Australia has to offer to the airline’s 30 million passengers a year. Visit the Great Barrier ReefSource = Qantas / Tourism & Events Queensland
Originally built in France in the 1920s for members of the British monarchy, Al Andalus is a palace on rails combining the appearance of a prestigious history with the modern comforts of the 21st century. Exploring Seville, Jerez, Ronda and Granada aboard the luxurious Al Andalus means having wine or coffee in the train’s sumptuous saloons or relaxing in one of the 30 spacious, richly-appointed cabins while waiting to arrive in your destination. EL TRANSCANTABRICO A journey aboard the opulent 23-suite El Transcantabrico is a wonderful and unique way to experience the stunning sights of northern Spain, from the striking hilly landscape of Galicia to the mighty cliffs of the Bay of Biscay. With its décor and construction, it is easy to bask in the nostalgia and charm of the early 20th century. Enjoy buffet breakfast every day, savoury dinners and lunches, and delightful regional gastronomy on board while traveling to the next city in your itinerary.Our Luxury Rail Journeys are inclusive of accommodation in your chosen compartment, dinners and lunches aboard the train or in top restaurants, daily buffet breakfast, excursions and scheduled tours, tickets to museums, attractions and shows. Activities on board include music and live performances, cooking and cocktails demonstration, dancing and more.For full details and bookings, contact Spain & Portugal Travel Connection on 1300 858 795, email email@example.com or visit www.spanishtravel.com.auSource = Spain & Portugal Travel Connection AL ANDALUS Roll like royalty and explore wondrous Spain on one of the luxury rail journeys from Spain & Portugal Travel Connection, Australia’s leading Spain and Portugal travel specialist. Hop on one of our spacious and luxurious tourist trains and discover the marvels of Spain as you travel from Seville to Granada or Madrid, or to Santiago de Compostela from Leon or San Sebastian. Al Andalus and El Transcantabrico are both luxury hotels on rails that bring passengers to mighty Spanish cities and quaint medieval villages, passing through spectacular countryside and affording guests comforts in historic rooms and suites fit for royalty.
TravelManagers’ Famil Delivers Best of OahuTravelManagers’ Famil Delivers Best of OahuFor many of the personal travel managers (PTMs) who attended TravelManagers’ recent annual national conference in Honolulu, the chance to extend their stay and join one of the pre- or post-conference famils was too great to pass up. For thirteen participants, this entailed a four-day, three nights experiencing the highlights of the island of Oahu, from outrigger canoe surfing at Waikiki Beach to a tour of some of Hollywood’s most famous movie locations at Kualoa Private Nature Reserve.TravelManagers’ exclusive pre-conference famil included hotel inspections at luxury properties such as Honolulu’s Kahala Hotel and Resort – Erin Beckford, Melanie Carter and Kate Bevan (L-R)For PTM Kate Bevan, who is representative for Croydon, VIC, the group’s time on Oahu’s famous North Shore was one of the main highlights of the famil, and something she now feels confident in recommending to her clients.“The beaches of the North Shore are lovely from the ground, but to see them from the air was even more amazing,” Bevan says of her first-ever helicopter ride. “I also really enjoyed our lunch at Turtle Bay Resort – it’s such a scenic spot that I could happily have spent much longer there, stand up paddle-boarding or just swimming in the lovely lagoon.”Bevan’s fellow PTM, Kerry Cleasby, last visited Hawaii twenty years ago, and appreciated the opportunity to revisit Oahu and refresh her memories and knowledge of the destination.“I had forgotten how naturally beautiful Waikiki is, with pristine beaches and water, a striking mountain backdrop and so much to do,” she reports.Cleasby, who is representative for South Brisbane, QLD, says her visit also gave her a fresh perspective on selling Hawaii as a family destination – knowledge that she is looking forward to passing on to her clients.“When you’re travelling with kids, it’s the details that make a difference – such as which hotels and room types are suitable for having two or three kids in the room, what family-friendly activities are on offer, and where to find the best family-friendly restaurants.”The famil, which was exclusive to TravelManagers, was hosted by Hawaii Tourism Oceania (HTO), who created an itinerary that showcased the best of Oahu on the ground and from the air, but also ensured that participants departed Hawaii with plenty of local knowledge to pass on to their clients, including which resort had the most amazing pool, how to manage tipping and where to find a great happy hour.“I’ll definitely be coming back to Oahu,” declares Erin Beckford, who is representative for Anna Bay, NSW. “The experiences and food were amazing, and I now know where to stay and what to do – although I may need a bigger budget next time around!”On day three of the famil, the group paid a visit to the Polynesian Cultural Center where, as well as a site tour and dinner, they were treated to the HA The Breath of Life show. This dazzling demonstration of Polynesian dance and music brings together more than 100 local performers, special effects, animation and surround sound to provide visitors with an unforgettable taste of Hawaiian culture and story-telling.“The show was amazing,” enthuses Bevan. “It was well put-together and informative, and the demonstration with the fire-knives had me holding my breath!”Of course, no visit to Oahu would be complete without some serious shopping and eating. Their visit conveniently coincided with Hawaii’s 24th annual Made in Hawaii festival: a wonderful opportunity to pick up all manner of Hawaiian-made products.“I also loved wandering around the International Marketplace,” says Bevan. “The Street Party pass was an excellent way to be able to sample amazing food from the hawker stations in the Street Food Hall.With a fresh perspective on Oahu as a destination, the PTMs all report that they would happily return, with families in tow next time.“We were treated like VIPs everywhere we went,” says Cleasby. “We experienced some amazing restaurants and hotels and, having had a fresh look at what Hawaii has to offer, I think this would be a great family holiday.”In the meantime, at least one of the PTMs has returned home with a small souvenir that will serve as a daily reminder of her time in Oahu.“I’ve always wanted a swaying hula girl like the ones you see on car dashboards,” grins Bevan. “Now I’ve got one on my desk.”For more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599. TravelManagers’ Erin Beckford, Kate Bevan and Hawaii Tourism Oceania’s Alicia Palma (HTO) take a gondola ride through the Polynesian Cultural Centre (PCC)About TravelManagersTravelManagers operates in all Australian States and is a wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $1.8 billion for 2018. TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel, and has more than 540 personal travel managers throughout Australia with a dedicated support team at the company’s national partnership office in Sydney. TravelManagers places all customer money in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are secure and only used for client purchases. Source = TravelManagers
Club Med Reigns as Best Hotel Resort Group at NTIA 2019Winners are Grinners: Club Med Reigns as Best Hotel Resort Group at NTIA 2019The premium all-inclusive resort brand, Club Med, has yet again walked away with the title of Best Hotel/Resort Group at the annual National Tourism Industry Awards 2019. In a category nominated and voted for by travel agents, this is the second year in a row Club Med has taken home the title, showing their unwavering commitment to providing ongoing support to trade partners nation-wide.The travel industry night of nights was held at Sydney’s International Convention Centre and welcomed a crowd of over 1000 travel industry representatives for a night of glitz, glam, and toasting to excellence. A combination of panel-judged and travel agent-voted categories were highlighted, with Club Med taking out arguably one of the most prestigious and competitive awards of the night.“We are incredibly humbled to be recognised in a category with brands who like us, try every day to be innovative and responsible,” says Rachael Harding, General Manager Club Med Australia and New Zealand, “When we won last year, we vowed we would do all we could to listen and deliver so our partners knew their vote counted. The fact that we’ve retained this incredibly prestigious title for another year is validation that we’re on the right track.”“Our mission is to create happiness through amazing holiday experiences in the most beautiful places around the world, so thank you for trusting us to deliver this to your clients.”Club Med has seen double digit growth for five years running, with future sales on track to continue the sales growth record for Pacific market. Such success can be put down to a continually-evolving product to keep up with client expectations, as well as partners understanding the value proposition when it comes to selling and delivering an all-inclusive Club Med holiday.Harding further credits Club Med’s success to building a team that understands the importance of trade partnerships and spreads the passionate values of Club Med. The team of trade-dedicated representatives has grown this year to include two new Business Development Managers for added on-the-ground support to agents nation-wide, as well as ongoing online support through a dedicated trade portal, Facebook page, training videos, customisable booking resources, and a robust agent familiarisation program.The agent benefits don’t stop at selling tools alone, with 2018/19 marking a record-breaking year of Club Med famils and over 200 travel agents visiting their resorts worldwide from the French Alps, to Japan, Mauritius, and the Maldives. The Great Agents Loyalty Program (GALP) also gives travel agents the opportunity to earn up to harness additional support plus a host of additional benefits.“We’re incredibly proud to see this award on the mantle and can’t wait to look back again in a years’ time to see the impact our current projects are having for our valued partners. It’s going to be another big year full of fun and surprises so this award has provided us with the courage to grow bigger and better than ever before!” says Harding.About Club MedClub Med provides amazing holiday experiences, made easy, in the world’s most beautiful destinations. With over 70 premium and luxury all-inclusive sun and snow resorts located in some of the most beautiful places on earth, Club Med resorts blend seamlessly with their environment, drawing inspiration from the local culture and nature to immerse guests in the destination.Since 1950, Club Med has been dedicated to providing guests with amazing new experiences that make for an unforgettable holiday – from the rejuvenating to the exhilarating, and everything in-between. Each resort offers a vast selection of opportunities to try something new, immerse in local culture, revive body and mind, and give back to the local community and environment.Club Med holidays are a truly hassle-free experience, with premium all-inclusive packages and a wide range of innovative services – giving guests more time to spend doing what they love.For more information, visit www.clubmedta.com.au / www.clubmedta.co.nz, www.clubmed.com.au or follow Club Med at: · Instagram @clubmed · Facebook /ClubMedAustralia · Twitter @ClubMed_Au · Travel agent Facebook /ClubMedforTravelAgentsSource = Club Med
Wells Fargo Takes Top Spot for Commercial, Multifamily Originations in Government, Origination, Secondary Market, Servicing Share May 4, 2012 485 Views Agents & Brokers CMBS Company News Fannie Mae FHA Freddie Mac Ginnie Mae Housing Affordability Investment Investors JPMorgan Chase Lenders & Servicers MetLife Mortgage Bankers Association Mortgage-Backed Securities PNC Bank Processing Service Providers Wells Fargo 2012-05-04 Ryan Schuette The “”Mortgage Bankers Association””:http://www.mbaa.org/default.htm (MBA) released a report Friday that ranked mortgage giant “”Wells Fargo””:https://www.wellsfargo.com/ last year’s top commercial and multifamily mortgage originator.[IMAGE]The trade group offered a set of comprehensive listings responsible for tracking originations by different investor groups.Wells Fargo snagged mentions in several listings, including those for commercial banks, savings[COLUMN_BREAK]institutions, “”Fannie Mae””:http://www.fanniemae.com/portal/index.html, “”Ginnie Mae””:http://www.ginniemae.gov/, the “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory, Real Estate Investment Trusts, and other investors.””JPMorgan Chase””:http://www.jpmorganchase.com/corporate/Home/home.htm took the top spot as an originator for commercial mortgage-backed securities. MetLife Real Estate Investments came in first as an originator for life insurance companies.””CBRE Capital Markets Inc.””:http://capitalmarkets.cbre.com/ originated the most loans for “”Freddie Mac””:http://www.freddiemac.com/, while HFF placed first for credit companies and Mesa West Capital ranked first for specialty finance.Measuring by dollar volume, the MBA said that the top five originators for third parties last year included Wells Fargo, HFF, “”Meridian Capital Group””:http://www.meridiancapital.com/, CBRE Capital Markets, and “”Northmarq Capital””:http://www.northmarq.com/.The top five lenders in 2011 included Wells Fargo, MetLife Real Estate Investments, “”PNC Real Estate””:https://www.pnc.com/webapp/unsec/RealEstateFinanceHP.do?siteArea=/PNC/Home/Corporate+and+Institutional/PNC+Real+Estate/Commercial+Real+Estate+Home&WT.mc_id=REFIM2009_Offline_0007, “”Deutsche Bank Commercial Real Estate””:http://www.cre.db.com/, and Prudential Mortgage Capital.The report, titled _Commercial Real Estate/Multifamily Finance Firms ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Annual Origination Volumes_, tallies origination volumes in more than 140 categories, such as by role, investor group, property type, and more, according to the MBA.
Office Loan Defaults Bring CMBS Default Rate Up in Q3 October 30, 2012 518 Views The cumulative default rate for commercial mortgage-backed securities (CMBS) in the U.S. rose over the third quarter, largely due to an increase in defaults among office loans, according to the latest data from “”Fitch Ratings””:http://www.fitchratings.com/web/en/dynamic/fitch-home.jsp. [IMAGE] The rate rose from 13.2 percent in the second quarter of this year to 13.5 percent in the third quarter, according to Fitch. The total amount in CMBS loans that defaulted in the third quarter was $2.2 billion. The total number of newly defaulted loans during the quarter is 119. Office loans made up more than half of both newly defaulted loans in the third quarter and year-to-date defaults, according to the ratings agency. [COLUMN_BREAK] Of the $2.2 billion newly defaulted CMBS loans in the third quarter, $1.4 billion were office loans. Despite the slight increase in defaults, Fitch says new issuances of CMBS loans are staving off the CMBS default rate somewhat. “”The increase in new CMBS issuance over the last two quarters has helped to stem rising default rates,”” stated Britt Johnson, senior director of Fitch Ratings. New issuances have risen almost three-fold over the year, according to Fitch. In the third quarter, new issuances totaled $6.2 billion. In the first quarter, they totaled $2.1 billion. However, Fitch found in addition to the 119 newly defaulted loans in the third quarter, 81 CMBS loans reached maturity and did not refinance. These loans totaled $1.7 billion. Eleven of the 81 are now paid in full–accounting for $723 million of the $1.7 billion. Those that are not paid in full and have not been refinanced include 37 five-year loans from the 2007 vintage, totaling $1.1 billion, and 24 ten-year loans from the 2002 vintage, totaling $132.7 million. During the third quarter, three loans with values greater than $100 million defaulted, including One Skyline Tower, a $678 million office space in Virginia; Colony IV Portfolio B, a $171 million loan on office/industrial spaces in six states; and Kroger Center, a $116 million office space in Florida. in Data, Secondary Market Agents & Brokers Attorneys & Title Companies CMBS Defaults Fitch Ratings Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2012-10-30 Krista Franks Brock Share
Report Says More Millennials Value Homeownership Over Conveniences July 14, 2015 1,800 Views Homeownership Millennials The Collingwood Group 2015-07-14 Seth Welborn in Daily Dose, Data, News More millennials are valuing homeownership these days and trying harder to gather the funds to buy a home of their own, as a recent survey conducted by Washington, D.C.-based business advisory firm the Collingwood Group indicated.The survey, released Tuesday, showed that 65 percent of people polled between the ages of 24 and 34 were willing to forego modern conveniences in order to save for a down payment to purchase a home. Those conveniences might include cell phones, Internet, cable TV, and Starbucks, according to the Collingwood Group’s exclusive survey.About 75 percent of millennials, commonly known as generation Y, would rather apply for a mortgage loan with a traditional bank as opposed to an alternative lender or nonbank institution, according to the survey, indicating that millennials think more like their parents when it comes to obtaining financing for a first home. About 68 percent of those ages 35 to 75 said they prefer a traditional bank to handle their mortgage loan.The survey also found that millennials were not willing to pay more for a streamlined mortgage process online despite the generation’s focus on the Internet. About 21 percent of millennials polled said they would be willing to pay slightly more for a mortgage “if the application process was completely online and streamlined versus more offline and paper-based” as opposed to 24 percent of people ages 35 to 75 who said they would pay more.”The data on millennials that own their home who would pay more for a better process is also notable. On the most expensive purchase of their lives they are willing to pay more because the current process is so God awful,” Collingwood Group Chairman Tim Rood said. “Price matters to millennials who have lower incomes and more debt and the mortgage industry MUST figure out ways to become more efficient and streamline operations to reduce costs. The whole process is clearly ripe for disruption.”The survey called into question the perception that millennials prefer the city; about 70 percent of those polled said they prefer to buy their first home in the suburbs.”It’s fascinating that millennials want to live in the city while they’re single but want the American Dream of white picket fences and yards when they are ready to buy, according to our exclusive poll,” Rood said. “That is so critical given the ambiguity and fear that millennials will get hooked on urban conveniences and abandon the suburbs, leaving baby boomers and other downsizing households in the lurch.”Click here to download an infographic that includes the full results of the survey; the Collingwood Group polled a random group of 650 people between the dates of July 5 through 8, 2015, to obtain the survey results. Share
Refinances Could Be Poised for a Major Upswing March 7, 2016 733 Views Refinances could soon be on the rise, if data from the Black Knight Financial Services Mortgage Monitor for January 2016 is correct.According to the report, the number of borrowers who could both qualify and benefit from a refinance increased by a whopping 1.5 million—all since Jan. 1 of this year. This significant jump can mostly be attributed to the recent drop in interest rates, said Ben Graboske, data & analytics senior vice president at Black Knight.“When Black Knight last looked at the refinanceable population just two months ago, there were 5.2 million potential candidates, and that number was on the decline,” Graboske said. “That analysis was shortly after the Federal Reserve raised its target rate by 25 basis points, at which time the prevailing wisdom was that mortgage interest rates would rise in response.”Rates didn’t rise, however.“Global economic shocks then sent investors looking for the safety of U.S. Treasuries, driving down yields on benchmark 10-year bonds,” Graboske said. “Mortgage interest rates began to fall in defiance of prevailing wisdom, and the refinanceable popular great by 30 percent in the first six weeks of 2016.”In total, the report shows there are now 6.7 million borrowers who could qualify for a refinance and save an average of $3,000 per year. Broken down, 3.3 million of those borrowers could expect to save $200 or more per month, and another million could save as much as $400 or more per month.“All totaled, potential savings in the market has swelled from $1.28 billion to $1.68 billion per month, or about $20 billion per year,” Graboske said.In the report, a Black Knight example scenario depicts an even bigger increase in potential refinancees should interest rates continue to fall. If rates jump another 15 basis points—down to 3.5 percent—then the potential refinance population grows to 8.8 million, the largest number since 2012-2013. If rates rise, however, the report shows potential refinances will drop significantly.Prepayment rates hit a two-year low in January, and while they haven’t yet indicated refinance activity is on the horizon, the report predicts an increase as 2016 continues.“Given that refinance originations fell by 27 percent from Q1 to Q4 2015, and prepayment rates—historically a good indicator of refinance activity—hit their lowest levels in two years in January,” Graboske said, “this expansion of potential candidates could very well provide a welcome and unexpected lift to the market as we move forward in 2016.”Click here to view the entire Mortgage Monitor. Black Knight Financial Services Mortgage Monitor Refinances 2016-03-07 Seth Welborn in Daily Dose, Headlines, News, Origination Share
February 14, 2017 647 Views According to a report released on Monday, vacant and abandoned properties have a far-reaching toll on the communities they reside in—not only seeing lower property values but decreasing the values of neighboring homes as well.Titled “Curing Community Blight: A Cost-Benefit of Clearboarding versus Plywood to Secure Vacant and Abandoned Properties,” the study found that vacant or abandoned homes worth approximately $200,000 lose $70,000 of their value while adjacent vacant properties drop in value by $100,000. According to a Harvard University Joint Center for Housing Studies report referenced, 1.3 million vacant residential properties still plague the economy.The report, authored by former U.S. Treasury Department official Aaron Klein, found that clearboarding can provide a cost benefit ratio of 34:1 on the low side up to 140:1 over plywood. In addition to preserving values, the report found that clearboarding also reduces neighborhood crime rates.“Using clearboarding increases the total property values of a median foreclosed home and all neighboring homes by $13,000 to $57,000, while the marginal cost for using an alternative technology such as clearboarding is under $1,000,” the report notes. Compared to plywood, clearboarding increases property value by 0.2 percent throughout surrounding neighborhoods within a ⅛ mile radius.Today’s report was commissioned by Community Blight Solutions and Founder and Chairman Robert Klein (no relation to Aaron Klein.)“I think that this white paper makes it pretty obvious and pretty clear from a data perspective that the way we’ve been doing things up until now in the industry in terms of maintaining and boarding vacant properties is not the right way to go,” Klein said in an interview with MReport. “We did it because it was the only option available to us, but as new technology becomes available its time the industry take a new approach and find better ways to protect the value of homes and the value of communities. I think this is a step in the right direction.”To read the full report, click here. Abandoned Clearboarding Plywood REO 2017-02-14 Seth Welborn in Daily Dose, Data, Foreclosure, Market Studies Saving Property Values: Clearboarding vs. Plywood Share
Home Builders Check In April 16, 2019 1,530 Views Share Home builder confidence moved up slightly in April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, and the NAHB notes that sentiment levels have remained in the low 60s for the past three months.Builders report solid demand for new single-family homes but they are also grappling with affordability concerns stemming from a chronic shortage of construction workers and buildable lots,” said NAHB Chairman Greg Ugalde.“Ongoing job growth, favorable demographics and a low-interest rate environment will help to modestly spark sales growth in the near term,” said NAHB Chief Economist Robert Dietz. “However, supply-side headwinds that are putting upward pressure on housing costs will limit more robust growth in the housing market.”Builder confidence hit a high of 70 in May 2018, but has stayed in the 60s and high 50s since. However, the Index’s Present Single Family Sales component has remained slightly higher in the past year, with a slight decline to 61 in December 2018. The NAHB’s Present Single Family Sales Index component for April is 71.The HMI index gauging current sales conditions increased one point to 69, and the component measuring traffic of prospective buyers rose three points to 47. The measure charting sales expectations in the next six months fell one point to 71.By region, the Midwest saw the biggest month over month gain, up to 56 from March’s Index score of 49. The West lead with the highest index score, at 72 in April. Year over year, however, the West has dropped from 76.Looking at the three-month moving averages for regional HMI scores, the Northeast posted a three-point gain to 51, the Midwest increased two points to 53, and the South was up one point to 67. The West remained unchanged at 69.Find more about the NAHB/Wells Fargo HMI here. builders Confidence Construction Home Builders National Association of Home Builders Wells Fargo 2019-04-16 Seth Welborn in Daily Dose, Data, Featured, News, Origination
You might also be interested in ‘World’s first’ automatic mango harvester develope … September 23 , 2018 The Australian strawberry industry has been dealt another blow after the needle tampering scandal spread to a punnet of fruit in New Zealand over the weekend.New Zealand supermarket chain Countdown, which is owned by Australian group Woolworths, has withdrawn the Choice brand of Australian strawberries after a customer in Auckland found needles in the product.The fruit was sourced from Western Australia, on the opposite side of the country to where the crisis began in Southeast Queensland. It is not yet clear where the contamination occurred in the supply chain.”At Countdown we take food safety very seriously and we have withdrawn any remaining Choice strawberries from sale from Countdown, SuperValue and FreshChoice supermarkets while we investigate this with our suppliers,” Countdown said in a statement.”Customers can return any Choice brand of strawberries they may have at home to Countdown for peace of mind and a full refund.”As an extra precaution and following similar advice from public health authorities in Australia, customers should cut up any Australian strawberries before eating them.”The chain emphasized there had been no reports of illness or injury in New Zealand, and that it was in contact with both New Zealand and Australian authorities as they investigate this matter.”This does not affect New Zealand strawberries which are now on our shelves,” the chain clarified. Australia: Costa Group upbeat for 2019 despite pro … Australian veggie exports jump in 2018 … After the scandal hit, Australia’s Department of Agriculture and Water Resources enforced interim control measures for strawberry exports with a “nil tolerance” approach to metal contaminants.In a statement given to Freshfruitportal.com, a spokesperson for the department said New Zealand authorities were investigating the report, and “at this stage it is unverified”.”This product would have been exported before the stronger export control requirements were implemented and enforced,” the spokesperson said.”The Department is confident these stronger measures are managing the risk and providing assurances to trading partners.”On Friday, police in South Australia charged an Adelaide man for making a false report about purchasing contaminated strawberries from a metropolitan supermarket. The 34-year-old is set to appear before the Adelaide Magistrates Court on Oct. 24. “Police wish to advise the public that serious penalties apply for making false claims to police, in particular, in relation to recent fruit contamination,” South Australia Police said. The news comes after a massive demonstration of support for the industry from the Australian public, with the Queensland strawberry industry and produce association Growcom thanking everyone for the “strawberry love”.”Growers have been overwhelmed by the community support,” the strawberry industry association and Growcom said in a joint statement.”Be aware that it may take a little time for supply to be back to normal so don’t be angry if you see empty shelves, some other enthusiastic strawberry lover has just beaten you to it.” Australia ag robotics startup Agerris raises US$4. …
Club Medearlybirds Club Med officially opened sales today, with an Early Bird Offer of up to 30% off, and the best offer on a Club Med holiday ‘guaranteed’.For 3 days only (until 2 February 2018), the Early Bird Offer is guaranteed on all resorts, dates, rooms, and services such as Kids Club. As part of the Early Bird Offer, travellers can experience Club Med’s 70+ sun and ski resorts worldwide at a staggering 30% off, including brand new, and newly renovated resorts, catering to all ages and interests. The package includes non-stop activities, entertainment, services for the little ones, gourmet restaurant dining and open bar, plus ski lift passes and ski lessons in snow resorts, all part of the one package price.Club Med saw a 251% increase in travellers year on year who pre-registered their interest via a travel agent to be the first to receive Club Med’s Early Bird Offer, where clients were encouraged to pick a dream holiday destination, and Club Med will take care of the rest through the premium all- inclusive offer.Those who pre-registered will receive the advantage of sales being sent directly to their inbox. Travel Agents can find offer terms and conditions, sales resources and more information on the Club Med Travel Agent Portal.
Former Cardinals kicker Phil Dawson retires 0 Comments Share Make no mistake, if the Cards are going to run the ball more and get Andre Ellington touches, their defense has got to keep them in games and not allow opponents to get leads and make Carson & Co. one dimensional. But if Todd Bowles’ defense continues to play the way they have in the first half of the season, B.A. will continue to pound the ball more and more.B.A. is an excellent coach with a great offensive mind; he does like to throw the ball and he is dogmatic…but he’s not delusional. – / 18 Derrick Hall satisfied with D-backs’ buying and selling The Carson Palmer pick occurred at the 5:47 mark of the first quarter. From that point forward, Big Red had 50 more snaps and threw the ball only 13 times. Andre Ellington and Stepfan Taylor became the focal point of the offense. Much of this had to do with the success the Cards were having on the ground, but maybe there was something more? I think it’s very possible that B.A. had an epiphany: he can’t keep putting his defense in bad situations and expect to win games. Palmer has thrown 14 interceptions, and many of them have led to points for opposing offenses. The defense has been very good all year. Not only have they done an excellent job creating turnovers, shutting down the run and holding teams to minimal points on sudden change, where the offense turns the ball over and the defense is right back on the field, but they have proven to be the strength of this team. And Bruce Arians will be the first one to admit it. There was another interesting byproduct that came out of channeling Lombardi: Carson Palmer started playing well. He was truly in a three-dimensional offense. And Palmer rallied himself — as he has a few times this season. He played much better the rest of the way. He threw two touchdown passes to Larry Fitzgerald and Michael Floyd that were as good as you could execute. He settled down and managed the game. And maybe this is the type of offense he needs to be in at this point of his career? Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Many coaches fall into the trap of their system, their philosophy, their belief about the style of football they wish to play and see any deviation from that dogma as capitulation.That’s why I was so impressed with B.A. on Sunday. He morphed into Vince Lombardi.The Cardinals started the game by throwing the ball five times in their first eight plays from scrimmage. Then, Carson Palmer threw a bad pick to Asante Samuel that resulted in three points for Atlanta. From that point forward, everything changed and B.A. called the game more like Marty Schottenheimer than the gunslinger that he is. Grace expects Greinke trade to have emotional impact
Grace expects Greinke trade to have emotional impact Top Stories Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Fitzgerald suffered the injury while trying to recover a Titans’ onside kick late in the fourth quarter of the contest. Though initially possessing the ball, a vicious, mid-air hit jarred it from Fitzgerald’s grip and the Titans recovered. FOX cameras showed a visibly shaken up Fitzgerald on the sidelines immediately after the play, and the receiver headed to the locker room shortly after. Comments Share Former Cardinals kicker Phil Dawson retires On Monday, Arizona Cardinals coach Bruce Arians updated the media regarding the status of wide receiver Larry Fitzgerald, who reportedly suffered a concussion in Sunday’s 37-34 overtime win versus the Tennessee Titans.“He passed whatever tests he needed to pass to come out of the stadium,” the coach said. “But that’s still a long ways to go from being cleared.”Information was not immediately available following the game, but the receiver, himself, tweeted that he’d return “ASAP”. Great win today @AZCardinals! Thx for the love & support my friends I will bounce back ASAP.— Larry Fitzgerald (@LarryFitzgerald) December 16, 2013 – / 20
Comments Share You’ve got 10 minutes — good luck! Top Stories Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires The Arizona Cardinals rolled to a 28-3 win over the New York Jets on Monday Night Football, fueled by a star performance from running back David Johnson.The second-year player ran for 111 yards and three touchdowns in only his second Monday Night appearance. It got us to thinking — what players have scored the most touchdowns in the 46-year history of Monday Night Football?That’s your Trivia Tuesday challenge this week; to name all 28 players who have scored ten or more times on MNF. Included as hints are the position of each player and the range of years they appeared in Monday night games.
https://twitter.com/CauldronICYMI/status/792816473404153856Arizona Cardinals running back David Johnson has uncommon speed for a player listed at 224 pounds.He also, apparently, has incredible leaping ability.Johnson took a screen pass from Carson Palmer against the Carolina Panthers and had defensive back Robert McClain bearing down on him. So what’d he do?With little time to do much else after he made the difficult catch, Johnson hurdled the diving McClain from a near stand-still. Air @DavidJohnson31 takes flight. pic.twitter.com/uRAcqtHsvW— Arizona Cardinals (@AZCardinals) October 30, 2016 Arizona Cardinals’ David Johnson (31) hurdles Carolina Panthers’ Robert McClain (27) in the second half of an NFL football game in Charlotte, N.C., Sunday, Oct. 30, 2016. (AP Photo/Bob Leverone) He proceeded to earn a first down on a 14-yard gain thanks to a side-stepping move to avoid a second would-be tackler, linebacker Luke Kuechly, and then finished a few extra yards with some power when he met a pack of Carolina defenders.Here’s a full replay of the entire play — plus a solid still-shot capturing Johnson’s leap. Grace expects Greinke trade to have emotional impact 0 Comments Share Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires A slow-mo look at @DavidJohnson31’s hurdle! https://t.co/fsSlga2ixJ— Arizona Cardinals (@AZCardinals) October 30, 2016 Derrick Hall satisfied with D-backs’ buying and selling
— Karlos Dansby received a veteran’s day off, allowing Martin to run with the first-team defense.— After practice, Chandler Jones sprinted out of the stadium to catch a flight to Anaheim to watch his older brother Jon fight Daniel Cormier at UFC 214. Several teammates, including Frostee Rucker, took to Twitter to offer their support using the hashtag #TeamJones.Injury updateThe sleeve Bethel was spotted wearing on his left knee at practice Friday was because he had hyperextended it the day before, according to head coach Bruce Arians.The injury is not considered serious.“It should be just a couple of days, but we’ll be careful with it,” Arians said.Joining Bethel on the sidelines during the “Red & White Practice” were cornerback Bouka (ankle), wide receiver John Brown (quad), wide receiver Aaron Dobson (hamstring), linebacker Alani Fua (knee) and defensive tackle Ed Stinson (hamstring). Dollar linebacker Deone Bucannon (ankle) remains on the physically unable to perform list and linebacker Jarvis Jones (quad) on the non-football injury list.Follow Craig Grialou on Twitter Arizona Cardinals’ Larry Fitzgerald flips the ball in the air after making a long gain on a pass reception during NFL football training camp Saturday, July 29, 2017, in Glendale, Ariz. (AP Photo/Ross D. Franklin) “That’s always one of the most competitive drills because of the situation, short-yardage and really good-on-good; you know, who’s the best. I think we got a good mix: the offense won some, defense won some. Of course, I’d like to see more defense but I think that’s a good sign for the team,” defensive tackle Corey Peters said.Six weeks still remain before the season opener at Detroit, but Saturday provided the 2017 Cardinals their first game-like atmosphere.“You come out and you got a lot of fans. Hitting is live, so you’re playing real football. It’s kind of like that first real taste of the preseason,” right tackle Jared Veldheer said.Prior to practice, team president Michael Bidwill recognized Larry Fitzgerald, David Johnson and Patrick Peterson for their 2016 Pro Bowl selections, presenting each with their own framed jersey.Zamort moves up depth chart before being carted offWhen it comes time for fans and the media to discuss the competition for the starting cornerback position opposite Peterson, one name is often left out and that’s Ronald Zamort.“I ain’t even know you was all talking,” he said, a big smile on his face prior to practice.People are now. For the second straight practice, with Bethel unavailable, Zamort received reps with the first-team defense, ahead of Brandon Williams, whom many had thought was Bethel’s backup.“Whatever you want to read into it. He’s playing with the first team instead of Brandon,” Arians said, adding about the 25-year-old Zamort. “Ronnie’s having a hell of a camp. He had a good camp last year, went right to the wire (as far as making the team). He’s better outside; he was more of a nickel last year. But he’s really worked himself into the outside rotation and is really solid. He’s having a great camp.”All of this, however, was before a scary moment midway through practice when Zamort had to be carted off the field with what appeared to be a right leg injury.After not being added to the final 53-man roster in 2016, Zamort went back to Western Michigan University — where he played in college — and got a job as a youth counselor at a detention center. It’s where he was working when the Cardinals called and signed him to the practice squad in Week 16.The Cardinals brought him back this season on a futures contract.Listed at 5-10 and 174-pounds, Zamort believes his improved technique, ability to defend bigger receivers and overall confidence level are just some of the reasons why he’s moved up the depth chart. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Top Stories GLENDALE, Ariz. – The energy and intensity picked up in Saturday’s practice, the seventh of Arizona Cardinals training camp. Of course, that was to be expected with the annual “Red & White Practice,” which typically attracts the largest crowd of camp.More than 25,000 fans — the second straight year the Cardinals eclipsed that mark — filled the lower bowl inside University of Phoenix Stadium to watch what was a two-plus hour full-padded practice that featured goal line work and the first live tackling of camp. “It means a lot,” he said, regarding running with the first team. “It’s a humbling experience just to be out there to compete day in and day out.”With Zamort’s injury, though, and cornerbacks Justin Bethel and Elie Bouka already on the sidelines, there’s more uncertainty than ever surrounding the position.Notable— Twice in three goal line plays the first-team offense scored on the second-team defense; both touchdowns were run in by Kerwynn Williams.— The first-team defense allowed one touchdown and prevented the second-team defense from scoring two other times, including a nice open-field tackle by Gabe Martin on Gerald Christian, who had caught a short swing-pass to the right.— Several loud collisions were heard once the tackling started, though none of them involved Johnson on the field; he was a spectator during that portion of practice.— Fans saved their loudest reaction for whenever Fitzgerald caught a pass, which he did several times for touchdowns.— Early in 11-on-11 drills, the offense ran several end-around plays with either Jaron Brown or J.J. Nelson.— The one big defensive play in practice was Peterson’s interception of Carson Palmer on ball tipped by Tyvon Branch; the pass was intended for Brown. 3 Comments Share Grace expects Greinke trade to have emotional impact