Top Stories It says the two, who taught English in South Korea, were sharing a room at a guesthouse.Forensic official Pham Xuan Thong on Monday confirmed their deaths and said authorities have not been able to determine the cause. He said samples will be analyzed at the National Forensic Examination Center in Hanoi.The U.S. Embassy confirmed the death of an American but said it could not comment further.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) HANOI, Vietnam (AP) – Vietnamese officials say they are investigating the deaths of two foreign tourists who were sharing a room in a guesthouse.The Tuoi Tre newspaper said 27-year-old American Karin Joy Bowerman died of respiratory failure last Monday in the central resort city of Nha Trang. It said her traveling companion, 26-year-old Canadian Cathy Huynh, died three days later after suddenly going into shock. Top ways to honor our heroes on Veterans Day Meghan McCain to release audiobook on conservatism, family More Valley freeways to be closed this weekend for improvements Sponsored Stories Comments Share New high school in Mesa lets students pick career paths Think Tank analyzes the second round of Democratic debates Arizona families, Arizona farms: A legacy of tradition embracing animal care and comfort through modern technology Check your body, save your life
Top ways to honor our heroes on Veterans Day Four benefits of having a wireless security system Top Stories Comments Share New Valley school lets students pick career-path academies Sponsored Stories Milstead says best way to stop wrong-way incidents is driving sober He was followed and harassed by camera crews from NTV, a channel loyal to the Kremlin.“Was it strange for me that 50 people would show up to welcome me to a meeting with an NGO activist?” McFaul said in an interview with The Associated Press on Tuesday. “Not just NTV by the way. It was (the Kremlin youth group) Nashi, it was Cossacks with swords and hats. It was a whole circus.”McFaul reached out to Russians through social media networks, and now has 60,000 followers on Twitter and more than 13,000 “friends” on Facebook. He also gave frequent interviews to Russian publications and appeared on Russian TV and radio, usually speaking Russian.But he said Tuesday that his biggest frustration after two years as ambassador is “our inability to dispel this myth that America and the Obama administration and me personally are seeking to foment revolution in Russia.”Putin has accused the U.S. State Department of instigating the protests and more generally seeking to weaken Russia. His anti-American rhetoric plays well among most Russians, who still harbor deep suspicions of U.S. intentions two decades after the end of the Cold War.“I have tried so many different ways to battle this,” McFaul said. “I see opinion poll data. I’m an academic _ I take a particular interest in measuring results of our public diplomacy, and that piece is frustrating to me because it’s just not our policy, it’s not what we’re trying to do here. So that’s a failure I would say.” McFaul said he was leaving after the Sochi Winter Olympics, which begin Friday and end on Feb. 23, to rejoin his family in California. His wife and two sons left Moscow in the summer.The ambassador announced his departure in a blog post in English and Russian titled “It’s time, my friend, it’s time,” a line by the 19th-century Russian poet Alexander Pushkin. As all Russians know, the poem continues: “My heart is seeking peace.”In his blog post, McFaul pointed to many successes in U.S.-Russian relations, including the signing of a new strategic arms treaty in 2010, cooperation on supplying the NATO-led military campaign in Afghanistan and negotiations with Iran.But his arrival in the Russian capital in January 2012 coincided with a period of unusual political tension because of the mass street protests that had broken out against Vladimir Putin as he prepared to return for a third term as Russia’s president.McFaul, who has written extensively about democracy in Russia, immediately found himself in the Kremlin’s cross hairs. In introducing the new U.S. ambassador, Channel One state television accused him of supporting the protest leaders and intending to help them seize power in a “revolution.” Ex-FBI agent details raid on Phoenix body donation facility The Obama administration expressed its gratitude to McFaul for his five years of service.“Moreover, Mike has been tireless in advocating for the universal values that America stands for around the world, reaching out to civil society, and recognizing the right of every voice to be heard,” Deputy National Security Adviser Ben Rhodes said in a statement.The administration has not yet nominated his replacement.(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) The difference between men and women when it comes to pain MOSCOW (AP) – U.S. Ambassador Michael McFaul, the architect of President Barack Obama’s effort to reset relations with Russian, announced on Tuesday that he is stepping down after two turbulent years in Moscow.McFaul, a Stanford University professor who signed on as an unpaid adviser to Obama during his first presidential campaign, moved with him to Washington and served for three years on the National Security Council before taking up his first diplomatic post as ambassador to Russia. Former Arizona Rep. Don Shooter shows health improvement
Milstead says best way to stop wrong-way incidents is driving sober New Valley school lets students pick career-path academies Sponsored Stories 5 people who need to visit the Ultrastar Multi-tainment Center Top Stories Former Arizona Rep. Don Shooter shows health improvement Top ways to honor our heroes on Veterans Day KAMPALA, Uganda (AP) — Cholera and severe diarrhea have broken out among tens of thousands of refugees from Burundi who are jammed into a village in Tanzania on the edge of Lake Tanganyika, with the Burundians overwhelming the health infrastructure and sanitation facilities, aid agencies said Tuesday.Between 500 and 2,000 people are arriving daily in the tiny fishing village of Kagunga, the World Health Organization said. The refugees have abandoned their country because of fears of political violence in the run-up to June elections, in which their president is seeking a third term. His candidacy has triggered demonstrations for three weeks in Burundi’s capital and amid the chaos, some military officer launched a coup last week, which failed within two days. Kagunga’s original population of 11,382 has increased to over 90,000 since April, WHO said in a statement. There is not enough safe water for drinking.With Kagunga surrounded by mountains, the refugees must wait to board a 100-year-old ship and make the three-hour trip to the port of Kigoma, the International Rescue Committee said. The ship is transporting 600 passengers twice daily, leaving those who remain behind in overcrowded and unsanitary conditions, the aid group said.The IRC said it is providing medical care in Kagunga, on the boat and at a transit camp in Kigoma. After making it to Kigoma, around 16,000 refugees have moved on to Nyarugusu refugee camp, a journey of up to four hours by road.Cases of acute diarrhea and cholera have been confirmed, according to WHO.The U.N. High Commissioner for Refugees office reported on Sunday that at least seven Burundian refugees had died of severe diarrhea.Demonstrators in Bujumbura, Burundi’s capital, say they will continue to protest until President Pierre Nkurunziza steps down at the end of his second term.Burundi’s Constitution states a president can be popularly elected to a five-year terms, renewable once. Nkurunziza maintains he can run for a third term because parliament elected him for his first one. Opponents say a third term violates the Constitution and peace accords that ended a civil war. The vital role family plays in society Comments Share Ex-FBI agent details raid on Phoenix body donation facility Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source = e-Travel Blackboard: C.F Virgin Blue Holdings Ltd. (VBA) has confirmed the appointment of former Qantas executive John Borghetti as its new chief executive. Chairman Neil Chatfield commented on Mr Borghetti’s appointment, “We are delighted to have John join us. He is a highly regarded executive with deep aviation experience and insights; proven strategic capabilities and; strong marketing credentials. “Nobody knows the market better and he is passionate about the aviation business.”In July 2009, outgoing Virgin Blue CEO and co-founder, Brett Godfrey announced his intention to step down from his position this year. Godfrey said, “I look forward to welcoming John and introducing him to the business.“John has a proven track record in the aviation sector. He comes with enormous knowledge and experience. Importantly, I know he respects the Virgin Blue team and its culture. “His understanding and participation in both the low cost and full service segments, has him uniquely placed to lead Virgin Blue in its next stage of development.”Mr Borghetti, a 36-year veteran of the aviation industry, left Qantas in April last year after losing out to Alan Joyce in the race to replace CEO Geoff Dixon. He said he felt privileged to have been selected as Mr Godfrey’s replacement, “Brett left some pretty big shoes to fill.”Mr Borghetti also explained why he was attracted to his new role at Virgin, “It’s a great business with a great team and great culture- you can feel the energy in the people and the brand. “The company is in good shape and is exceptionally well placed to build on its strengths and embrace revenue growth opportunities ahead. “I look forward to working with the team to create an even more competitive environment for air travellers – domestic and international,” he said. Mr Borghetti will take over his new role on May 8 and he will spend the interim period familiarising himself with the airlines operations working alongside Godfrey. At a press conference this morning, Borghetti diplomatically declined to comment on his past experiences with Qantas, his previous employer. However, he did concede that while working for the airline he had watched Godfrey’s progress “very carefully”. Sir Richard, whose Virgin Group has a 26 per cent stake in Australia’s second-largest airline, said he had always been a “great admirer” of Borghetti.”I’m absolutely delighted to have someone of John’s calibre join the Virgin family.”
Source = e-Travel Blackboard: G.A Cruise West has announced a suspension of all bookings and voided all current bookings on the Spirit of Oceanus from today.The company advised that it is restructuring operations, the first step being the sale the Spirit of Oceanus.“Additional assets may be sold and other steps are being pursued towards a restructure,” Cruise West said in a statement.“We would like to reassure all our agents that the Cruise West departures for this Saturday are confirmed to be operating as normal. “Our Adventure World [Cruise West’s Australian representatives] team will continue working directly with Cruise West and individual agents on their current and outstanding bookings to ensure the minimal affect of this restructure.”
Source = e-Travel Blackboard: N.J In a complete 180, the Qantas engineer’s union has advised its members to pick up their speed and get the carrier’s seven grounded aircraft back into action after weeks of implementing ‘go-slow’ policies and over time bans.Over the past two months the carrier’s operations and passengers have not only faced walk-out disruptions but a backlog in aircraft maintenance has built up forcing the airline to ground seven aircraft and cancel up to 500 flights. However, late yesterday the Australian Licenced Aircraft Engineers Association (ALAEA) federal secretary Steve Purvinas said in an online statement that the Group has called off industrial action for three weeks and is encouraging engineers to catch up on lost hours.“With immediate effect all industrial action is called off for three weeks,” the statement read.“Members are requested to accept all overtime offered.“Please assist wherever possible in getting the seven grounded aircraft back in the air.”The news comes hours after Qantas sent a public message out to the union that the pay offer made in March this year is still on the table.According to the carrier, negotiations with the union has surpassed 12 months, with the two parties hosting up to 15 unsuccessful negotiations before Fair Work Australia. Qantas Group operations executive Lyell Strambi said the carrier remains committed to reaching an agreement but cannot meet “demands” that would “restrict” the carrier’s business.“The union is demanding guarantees that old work practices remain in place despite new generation aircraft requiring less maintenance, less often,” Mr Strambi explained. “If this was agreed to it would make Qantas significantly less competitive and hold us back from introducing modern maintenance techniques used by airlines around the world.”Australia’s flag carrier said it has offered the union a three percent pay increase each year for three years as well as improvements to working conditions.However, according to the carrier the union asked for a claim worth up to $165 million plus $95 million to build a new hangar and a 15 percent rise in wages and allowances over the next three years.“We urge the unions to drop their ongoing industrial campaign and come back with realistic claims for the sake of all Qantas employees, our shareholders and the Australian travelling public,“ Mr Strambi added. Meanwhile the carrier’s Transport Workers Union has advised ground and catering staff baggage handlers, ground handlers, catering staff and other transport employees to walk-off the job on Tuesday 25 October and Wednesday 26 October this year.Strikes will run for up to one hour, commencing in Brisbane from 7.00am and Melbourne at 8.00am on the Tuesday.While the Wednesday will see Sydney members strike for up to three hours from 7.00am and one hour in Canberra and Cairns from 4.30pm and 7.00am. The carrier said it is assessing the impact of the action and is contacting any passengers that will experience cancellations or significant delays.
Following a decade of healthy growth, Chinese tourists have overtaken Germans as the world’s biggest-spending travellers, according to the United Nations World Tourism Organisation (UNWTO).Chinese tourists splurged and spent 41 percent more on foreign travel in 2012, compared to 2011.Chinese tourists spent US$102 billion on foreign trips last year.Russia and Brazil were other markets that enjoyed increased spending in 2012.“The impressive growth of tourism expenditure from China and Russia reflects the entry into the tourism market of a growing middle class from these countries,” UNWTO secretary-general Taleb Rifai said.German Travel Association (DRV) president Juergen Buechy said it was inevitable that China would eventually surpass both Germany and the United States in spending considering the size of their population.“That they have overtaken us already is astonishing,” Mr Buechy said.Source = e-Travel Blackboard: P.T. Which country are the world’s new leading travel spenders?
“Mandela opened up our beautiful country to the rest of the world and his name alone has attracted millions of tourists wanting to walk in his footsteps to South Africa every year,” South African Tourism chief executive Thulani Nzima said. Visitors to South Africa can visit Mandela’s home town, the prison where he was jailed for 27 years and eat at the Mandela family restaurant, all in attempt to understand a nation’s battle for liberty. Source = ETB News: P.T. More than 100 current and former heads of state travelled to South Africa in order to attend the national memorial service for Nelson Mandela at FNB Stadium in Nasrec yesterday. Tourists can visit Robben Island, now a World Heritage listed site, where Mandela was locked away from 1963 to 1990, plotting the abolition of the racist apartheid regime. “Not only is there a significant influx of foreign visitors to our destination, but domestic travel will rise too as people travel to attend memorial events, to be present at the funeral in Qunu and embark on the annual festive season holiday period,” South African president Jacob Zuma said. South Africa is expecting a tourism boom following Mandela’s passing, coinciding with the release of the new film biopic ‘Mandela: Long Walk to Freedom’ in January 2014, the Herald Sun reported. Although South Africa has lost its most iconic leader, the country’s tourism industry will ensure Nelson Mandela’s incredible legacy of freedom and justice will live on.
Vancouver has begun welcoming more than 1,350 travel agents and cruise line representatives from around the world for sold-out trade conference Cruise360, taking place at the Vancouver Convention Centre from June 1 to 6.Hosted by Cruise Lines International Association (CLIA), the conference is typically held in Fort Lauderdale, though this year marks the third time Vancouver has hosted.“Vancouver has earned an international reputation as a premiere home port and travel destination, and Cruise360’s decision to return here absolutely reinforces that,” Tourism Vancouver director of leisure travel Dayna Miller said.“The conference will give some of the world’s most influential travel professionals the opportunity to experience Vancouver’s cruise ship product, convention facilities and spectacular outdoors firsthand – and that in turn will give them key knowledge and inspiration to endorse and market our city to their clients.”Each time, the Pacific Rim Cruise Association (PRCA) – a consortium comprised of Tourism Vancouver, Destination BC, the Vancouver Fraser Port Authority and Vancouver Airport Authority – works closely with conference organizers to bring the internationally recognized event to the city.This year, attending agents will travel here from the U.S., Canada, Australia, Germany, India, Indonesia, Israel, Japan, Malaysia, the Netherlands and Taiwan.Vancouver’s reputation as a world-class cruise destination is driven by a stunning and centrally located harbour setting as well as award-winning Vancouver International Airport and exceptional cruise terminal facilities – all of which consistently earn high passenger satisfaction scores.In 2015, the PRCA conducted a survey of more than 2,100 passengers on their destination and cruise experience. Key findings include:Overall satisfaction of Vancouver as a travel destination is “extremely high”More than 70 percent of passengers stay an average of 2.5 nights in the city pre- or post-cruiseTop destination activities among cruise passengers (in order of priority) are sightseeing, dining, exploring parks and other natural areas, shopping and visiting attractionsThe majority of cruise visitors are from the U.S. (62 percent)International cruise visitation in 2015 was 23 percent (up from 12 percent in 2006)Vancouver is Canada’s largest cruise port, and a leading home port for Alaska cruises offering one-way and round-trip itineraries through Canada’s Inside Passage.This season, Vancouver expects 228 cruise ship calls carrying 830,000 passengers. Each call generates roughly $2 million in economic activity.“Cruising British Columbia’s coastline is one of the most spectacular tourism experiences in the world. We love hosting the Cruise360 conference to show off the beautiful setting that makes us an unforgettable destination as well as to showcase our first class conference centre, port facilities and airport,” Destination British Columbia CEO Marsha Walden said.“We hope delegates will take this opportunity to explore BC and see how much we offer visitors – our monumental Rocky Mountains, the wild beauty of our north, the lush rainforests of our west coast, and vibrant cities perched on the edge of it all. Wherever they turn, they will find inspiration.” Cruise360 Source = Cruise360
www.etbtravelnews.globalSource = ETB Travel News – Global Jonathan Harris Global CEO ETB Travel News – 2016 ReflectionsETB Travel News – 2016 ReflectionsWith the close of 2016 just a few days away, ETB Travel News CEO, Jonathan Harris ponders just some of the incredible achievements the company has accomplished across the year and shares just a few of the exciting changes ETB Travel News has in store for 2017.It has taken us just over four years to get there but in that time the ETB Travel News team has been hard at work overhauling the old look eTravelBlackboard and bringing this internationally acclaimed online travel industry publication fully into the glare of the global spotlight under new branding as ETB Travel News.A key part of this evolution means new web-based access points so with immediate effect, our new online home is www.etbtravelnews.global with all email addresses following suit eg email@example.com.New branding and new contact points to one side, our focus remains the same as it did when we first launched in Australia more than 30 years ago as Travel Blackboard and today we remain committed to providing wide-ranging, pertinent information and support to the tourism industry with our reach now extending across the entire global industry landscape.There can be no doubt 2016 has proven outstanding for ETB Travel News.We have cemented core relationships with key commercial partners, enhanced the reading experience to our 80,000 and growing internationally located subscribers, who remain predominantly front line, very hands-on travel consultants ranging from juniors right through to highly experienced senior staff, and we are now able to deploy our sophisticated technology all over the world in the process making it available for select partners to use and benefit from on a 24/7/365 basis.Another major development for ETB is the conversion from dot com status to dot global, a domain best suited for the global space.Our reporting and statistical systems have also been revamped, offering accurate and transparent reporting to our commercial partners, allowing them to gauge results, ROI and additionally the opportunity to fine tune their campaigns as and when required, all via their very own area within the ETB backend.Which brings us to 2017.As we prepare to enter the new year I am delighted to announce even more changes in the way we conduct our business.The following are just some of the many exciting developments planned in coming months: Our India and Asian publications will merge as one allowing our Indian subscribers to receive news dailyOur Middle East and African publications will also merge as one allowing both markets to enjoy a higher frequency and broader selection of news relevant to both regionsInto the Americas, and in recognition of substantial growth, we will be commencing with daily updates from FebruaryOur newly installed firstname.lastname@example.org entry point will see improved speed to market allowing much faster process of the ever-increasing amounts of news releases now coming throughThe enhancements will mean increased opportunities for our commercial partners allowing us to offer the opportunity to assist those partners with delivery of strategic advertising and promotional campaigns to increasingly targeted and more defined market segmentsAdded to which we intend offering increased reach via enhanced social media activity which will be made available to all partners at no extra costSo yes, it’s going to be an exciting year ahead and one intended to keep ETB Travel News firmly in place as the premier source of industry information and support on a truly international basis.Any commercial partnership enquiries can be sent to email@example.comMay I take this opportunity on behalf of our team right across the globe to wish you all a safe and enjoyable festive season and a healthy, happy and prosperous 2017.And a big thank you to all our commercial partners and our subscribers without whom ETB Travel News would not be what it is today.Best wishes.Jonathan Harris | Chief Executive Officer ETB Travel Newssubscribe today, it is free
Cambodia-based property developer Vattanac Properties has appointed Rosewood Hotels and Resorts to manage Rosewood Siem Reap, scheduled to open in 2019. Marking Rosewood’s 9th hotel management agreement in Asia, it will be the second Rosewood property in Cambodia, following Rosewood Phnom Penh opening in 2016, also owned by Vattanac Properties.The property will be situated in the heart of Siem Reap, within six km of the fabled Angkor Wat temple complex and UNESCO World Heritage site, with the Royal Gardens, National Museum, Floating Village, Phsar Chas market and other cultural attractions close by.“We could think of no more fitting brand than Rosewood Hotels & Resorts to manage this exquisite resort in Siem Reap – its A Sense of Place guiding concept ensures a sensitive and beautiful reflection of this unique destination,” said Sam Ang Vattanac, Executive Director of Vattanac Properties. “Our collaboration will certainly elevate the concept of ultra-luxury in the Kingdom of Cambodia.
The Hong Kong Tourism Board (HKTB) recently concluded its India Travel Mission in Bengaluru, Mumbai, Kolkata and New Delhi. The mission witnessed the participation of more than 30 delegates representing Hong Kong’s top land operators, hoteliers, and popular attractions like Hong Kong Disneyland, Ngong Ping 360 Limited, Ocean Park Corporation, sky100 Hong Kong Observation Deck, Trickeye Museum Global Co Ltd.Key market agents not only from the four visiting cities, but also from Ahmedabad, Chennai, and Hyderabad joined the mission to strengthen their business ties with the Hong Kong trade representatives.The Travel Mission successfully served as a business networking platform for both Hong Kong and local trade partners to explore and collaborate for new business opportunities during their meetings.Harbour City sponsored the luncheons in all the cities during the session to help broaden the dynamic of shopping experience in Hong Kong.For the first seven months of 2016, over 296,000 visitor arrivals from India visited Hong Kong. With direct flights and fabulous and dynamic Hong Kong experiences for travellers, Hong Kong continues to see beneficial opportunities from the second fastest growing outbound market in the world.
The India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a significant performance in half-yearly results for the current financial year 2017-18. The total turnover in H1 ending September 2017 increased to INR 172.49 cr as compared to INR 170.94 cr in the corresponding H1 last year. The company registered Profit Before Tax (PBT) at INR 14.18 cr as compared to INR 9.59 cr in the corresponding H1 last year i.e. 2017-18, an increase of 48 % as compared to the last financial year.These details were announced in the Board of Directors’ meeting of the company on November 14, 2017, at the group’s flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in first half of the financial year 2017-18.
FDIC Launches Program to Sell Failed Bank Assets Faster September 9, 2011 442 Views Agents & Brokers Attorneys & Title Companies Bank Failure FDIC Investment Investors Lenders & Servicers Processing Service Providers 2011-09-09 Ryan Schuette in Government, Origination, Secondary Market, Servicing, Technology Amid national bank failures that recently ticked up to 70, the “”FDIC””:http://www.fdic.gov/ announced Friday that it will stand up a new networking platform that seeks to make it easier for small investors to take a slice of the pie from assets under failed banks. The federal agency cast the program as a way to increase the efficiency with which it sells off assets from failed financial institutions.[IMAGE]The platform, titled the Investor Match Program, will identify and recommend match-ups between investors and asset managers by linking comparable identifiers from one firm with those from another. Agency personnel will connect the dots in possible pair-ups by synthesizing the information in a customizable database.The FDIC takes the assets left in the wake of a bank failure and sells the equity stake to qualifying investors. [COLUMN_BREAK]The approach allows the agency to maintain a stake in the funds and catch an updraft from the investments, with assets that often range from hundreds of millions of dollars to over a billion dollars, according to the agency.Commenting on the program, Pamela Farwig, deputy director of resolutions and receiverships, said in a “”statement””:http://media-newswire.com/release_1158397.html that the new way forward “”is an example of our commitment to ensure that the structured sales transaction process is inclusive of all firms large and small. We believe that expanding the investor pool will assist in minimizing losses to the Deposit Insurance Fund.””She called likened the program to a strategy that “”will leverage technology to more effectively dispose of assets that the FDIC has inherited through failed bank receiverships.””The federal agency dubbed the Investor Match Program “”part of a larger effort to expand outreach efforts with small investors”” in the statement.There are restrictions: only pre-qualified investors are able to make bids for assets stemming from failed banks. To receive approval, investors must qualify by registering at the “”Web site””:http://www.fdic.gov/buying/financial/investormatchprogram.html for the Investor Match Program. After giving an investor the green-light, the FDIC will notify the individual by e-mail that it is permissible to participate in the program. Share
in Government, Origination, Servicing, Technology Mortgage loan app developer “”LenderMobile””:http://www.lendermobile.com/ announced the iPad launch of BorrowerMobile, a borrower-facing app designed to let borrowers check loan information directly from their devices.[IMAGE]The app is intended to complement LenderMobile’s loan-officer facing LenderMobile+ app that lets borrowers fill in 1003 mortgage applications from their iPad and electronically sign the application directly on the screen. BorrowerMobile features the same functionality as well as the ability to check loan status and mortgage rates, among other information.The app also includes a rate alert feature that lenders can set up for borrowers, letting them know on their iPad when rates hit their desired target.With a monthly subscription, lenders using BorrowMobile or LenderMobile+ can order services from third-party vendors and submit loan documents to their LOS.””The latest trend has been to make the loan process more transparent while giving borrowers more power to check their loan status directly without having to go through a loan officer for an update,”” said Lovina Worick, VP of business development at LenderMobile. “”The BorrowerMobile app enables a lender to provide loan status using any or all of their requirements on what to show and what not to show to the borrower.””””We see the value here. If you reduce the time a loan officer is spending giving borrowers their loan status, you increase the time he or she can look for new business opportunities,”” Worick added. “”The sky is the limit when it comes to designing an app for customer needs. The nature of mobile technology lends itself to customized solutions.California-based LenderMobile is a part of PGB Solutions, a technology consultant and custom software developer for the mortgage industry. Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-10-24 Tory Barringer Share October 24, 2012 487 Views LenderMobile Launches BorrowerMobile iPad App
“”Redfin””:http://www.redfin.com/ reported another slip in homebuyer demand in August, with both home tours and offers declining.[IMAGE]According to the brokerage’s monthly Real-Time Demand Pulse, August saw a 10 percent month-over-month drop in the number of customers requesting home tours, with tours falling 9.5 percent week-over-week in the last week alone. Tour requests declined 6.0 percent in July-August 2012. The number of signed offers from Redfin customers also dropped, falling 7.5 percent from July (compared to a 4.3 percent drop in 2012) and 0.9 percent in just the last week (compared to a 0.7 percent gain the year before).While homebuyer demand typically falls from July to August–signaling the end of the normally active summer season–this year’s drop in demand was more drastic than usual, says Redfin analyst Ellen Haberle.””A combination [of] factors weighed on demand in August,”” Haberle commented. “”Mortgage rates and home prices continued to inch higher, pricing more buyers out of the market. Moreover, the inventory of homes for sale remains very tight, which probably is leading more buyers to delay their home-buying plans.””Looking ahead to the rest of 2013, Redfin is keeping its eye on mortgage rate trends, which will likely play an even bigger role.””If rates spike above five percent, many buyers who have been rushing to find a home while rates are low may step out of the market temporarily, which would trigger a sharp drop in demand,”” Haberle concluded. “”On the other hand, if rates remain stable, we expect demand will flatten this autumn.”” in Data, Government, Origination, Secondary Market, Servicing September 17, 2013 433 Views Agents & Brokers Attorneys & Title Companies Demand Home Prices Housing Supply Investors Lenders & Servicers Mortgage Rates Processing Redfin Service Providers 2013-09-17 Tory Barringer Share Homebuyer Demand Drops Further in August
New Home Purchase Apps Jump 8% in October Mortgage applications for the purchase of new homes climbed in October, pointing to a likely pickup in sales, according to a report from the Mortgage Bankers Association (MBA).MBA released on Thursday its Builder Applications Survey for October, revealing an 8 percent monthly pickup in new home purchase applications after a flat September. The increase doesn’t factor in seasonal adjustments.Mike Fratantoni, chief economist for the group, noted that the biggest increase came in applications for higher-priced homes.”The continued improvement in the job market and still low mortgage rates are supporting the upper levels of the purchase market, while the tight credit environment continues to constrain sales at the entry level,” Fratantoni said.Based on October’s application data, MBA estimates new single-family home sales for the month ran at a seasonally adjusted annual rate of 461,000 units, reflecting a month-over-month increase of 8.5 percent. Unadjusted, the group estimates there were 36,000 new homes sold last month, up 12.5 percent.For September, MBA estimated new homes sold at a pace of 425,000 units compared to the Census Bureau’s estimate of 467,000 units. The government’s first look at October sales—and revised estimate of September’s sales rate—is due to come out November 26.By product type, MBA reported conventional loans made up 68.2 percent of total loan applications for new homes. Applications for mortgages backed by the Federal Housing Agency (FHA) composed 16.2 percent, followed by applications for loans insured by the Department of Veterans Affairs at 14.2 percent.The average loan size for new homes last month was $300,289, MBA reported, up from $298,274 in September. November 13, 2014 545 Views in Daily Dose, Data, Featured, News Census Bureau Mortgage Applications Mortgage Bankers Association New Home Sales 2014-11-13 Tory Barringer Share
in Daily Dose, Featured, News Share Credit Unions Millennials 2016-08-02 Seth Welborn August 2, 2016 487 Views Millennials have been cited by many analysts as the key to increasing the homeownership rate. Now a new study has found that they will likely be the key driver and the target market for sustained loan growth at credit unions—and a main driver of that growth has been mortgages.Research from TransUnion released on Tuesday indicated that credit union membership grew at more than three times the rate of credit activity of consumers at other types of lenders in the first quarter of 2016 (6.35 percent growth rate for credit unions compared to 1.86 percent for industry credit active consumers).The share of credit union members who are millennials has risen from 20 percent to 25 percent in the last three years, which is indicative of a recent strategic focus on millennial growth on the part of credit unions. Non-credit unions experienced a slower pace of millennial growth during that same three-year period (23 percent in Q1 2013 to 25 percent in Q1 2016).“Millennials are an important set of borrowers for credit union growth,” said Nidhi Verma, senior director of research and consulting in TransUnion’s financial services business unit. “Credit unions are actively building their millennial membership, and in fact have experienced growth in this segment every quarter since 2010. Millennials are likely candidates for new mortgages and other credit products as they age, offering credit unions a way to further their market share.”TransUnion’s research was coupled with a survey of 96 credit union executives, gathering insights on key industry issues. According to the survey, 42 percent of those executives reported a growth rate over-the-year of higher than 5 percent—and one of the major drivers of the growth has been credit union membership via mortgage origination. The number of credit union members grew from 3.67 million members in Q1 2015 up to 3.8 million members in Q1 2016 (a 4 percent increase). Credit union mortgage memberships have increased by 13 percent since Q1 2011, when they totaled 3.29 million.“The data show that credit union membership rates are growing much faster than the overall credit-active population,” said Verma. “Credit union executives are strategically focused on gaining membership growth through mortgage originations, as well as offering products such as credit cards to their existing member base.” Millennials are the Key to Credit Union Growth
December 7, 2018 563 Views Mortgage Cadence, an Accenture (NYSE: ACN) company, has integrated Radian’s mortgage insurance (MI) service into its Enterprise Lending Center solution, further expanding on-platform access to top-tier services.Enterprise Lending Center (ELC) facilitates lending in all forward and reverse mortgage channels and across all mortgage products, including home equity. Through the Radian integration, Mortgage Cadence clients can quickly obtain Radian MI rate quotes, order insurance, and receive order status updates without ever leaving ELC. “Radian’s integration with Mortgage Cadence is a testament of our commitment to making it easier for our customers to do business with us,” said Brien McMahon, Chief Franchise Officer, Radian. “With this integration, customers can obtain accurate Radian MI rate quotes with greater speed and accuracy, while continuing to focus on their business.”Radian MI, headquartered in Philadelphia offers products and services that include mortgage insurance as well as a host of mortgage, risk, real estate, and title services to promote homeownership. Share Mortgage Cadence Enhances its Lending Center solution through Radian MI in Featured, Headlines, News “At Mortgage Cadence, our goal is to help our clients connect to the providers they want to work with and operate at optimal efficiency,” said Brian Benson, Executive Manager of services at Mortgage Cadence. “This integration extends our provider network and offers direct, on-platform access to Radian’s mortgage insurance services.”Mortgage Cadence, with its headquarters in Colorado and Minnesota, provides people, process, and technology for enterprise and mid-market lenders to create better borrower experience. The integration centralizes all data and documents related to the mortgage insurance transaction and stores this information within ELC to avoid rekeying of information from external sites. This single-system approach benefits lenders by eliminating the risk of human error, reducing labor and accelerating loan closing. Brian Benson Brien McMahon Mortgage Cadence Radian MI 2018-12-07 Donna Joseph
in Daily Dose, Featured, Government, News, Origination Despite expectations that the Federal Reserve will significantly ease monetary policy through the end of the year, the Fannie Mae Economic and Strategic Research (ESR) Group expects 2019 and 2020 real GDP growth to slow to 2.1% and 1.6%, respectively. This prediction has been driven by an inverted yield curve, weak business investment, waning consumer and business sentiment, and ongoing trade and global growth concerns. The ESR Group also predicted that the Fed will cut interest rates by 25 basis points in July, followed by another 25 basis points in December. “As the current U.S. expansion celebrates its tenth anniversary, it does so under an economic backdrop of growing domestic and global uncertainty – and slowing growth,” said Fannie Mae SVP and Chief Economist Doug Duncan. “The heightened uncertainty, stemming in part from the seemingly intractable trade dispute between the U.S. and China, appears to have reduced business’ investment incentive, which is now poised to be a material drag on growth over the forecast period. With consumer spending the principal remaining GDP growth driver, in addition to the recent re-inversion of the yield curve suggesting that market participants expect economic activity to slow further, we believe that the Fed will take a more accommodative posture beginning with a rate cut at the July meeting of the FOMC.”The ESR Group notes that housing continues to benefit from the lower mortgage rate environment. Total origination volume is expected to improve 7% in 2019 on the back of a surge in refinances and moderate house price growth. Refinance activity is expected to represent 32% of originations in 2019, up from 29% in 2018 and more than 2%age points higher than was forecast last month.“Housing remains a net positive to the economy, as the industry anticipates growth fueled by strong household balance sheets, low mortgage rates, and a surge in refinance activity,” Duncan continued. “However, the housing industry still doesn’t have an answer for the related problems of low supply and affordability. While home price appreciation has largely moderated – particularly compared to the recent past – and demand for modestly priced homes has proven strong and resilient, the lack of affordable inventory continues to cap sales and limit the potential pool of would-be homeowners.” Share 17 days ago 249 Views Economy Fannie Mae HOUSING 2019-07-16 Seth Welborn Housing in the Low Mortgage Rate Environment