OBrochure to feature on Getaway tonight

first_imgUpload your brochure to OBrochure today and showcase your brand to a national audience on prime time TV.On the eve of the long Easter weekend, Getaway will broadcast to some 1.5 million Australians, featuring the innovative  brochure portal, OBrochure.This is your chance to take advantage of this unique opportunity to promote your products to travellers and travel agencies across Australia.“This is a great opportunity for companies to expose their brand to a massive audience of Australians already in the mindset to ‘getaway’,” e-Travel Blackboard general manager Anthony Valeriano said.“OBrochure affords users an outlet for no-fuss, hassle-free sourcing of travel brochures which can be downloaded or viewed in PDF format, compatible with all the new gadgets”.Getaway will screen on Channel 9 at 8.00pm tonight.To add your brochure to OBrochure, go to www.obrochure.com. Source = e-Travel Blackboard: G.Alast_img read more

Tourism Australia increases profile

first_imgSource = e-Travel Blackboard: S.P Tourism Australia is looking to engage a full service Market Representation agency in Jakarta, Indonesia to strengthen the outbound market to Australia.The appointed agency will support Tourism Australia in its consumer marketing, public relations and trade distribution activities in Indonesia to further develop and drive visitation and visitor spending.According to the Australian Bureau of Statistics 140,400 visitors from Indonesia visited Australia in 2011, which represents a 13.2 percent increase compared to the year before.Tourism Australia Regional Manager South & Southeast Asia, Maggie White said they are extremely excited about the growth in Indonesia.“We will be increasing our support and marketing activities in 2012 to meet the demands of this fast-growing, emerging market,” Ms White said.“Tourism Australia will work closely with airline, local and Australian industry partners to promote the destination to Indonesia and is committed to provide stronger support to help increase their business to Australia.”Indonesia being Australia’s second fastest growing market and the 13th largest source market for international visitors will only benefit from a strong local presence in the region.last_img read more

Wings Air to be largest ATR operator

first_imgSource = e-Travel Blackboard: S.P Wing’s Air to become largest ATR operator worldwide In a move to increase its fleet Indonesian airline, Lion Air and European manufacturer ATR have signed an agreement for the purchase of 27 additional ATR 72-600 aircraft.Once the 27 ATR aircraft, valued at US$610 million are integrated into the fleet of Lion Air’s regional subsidiary Wings Air, it will become the largest operator of ATR aircraft in the world with a total fleet of 60 aircraft.Introducing its first ATRs in January 2010 Wing Air currently operates a fleet of 16 ATR 72-500 across its domestic network in Indonesia and plans to receive its 60th ATR 72 by the end of 2015.Chairman of Wings Air and President of Lion Air, Pak Rusdi Kirana said their fleet brings new travel opportunities to a wider region. “Our fleet of ATR 72s is playing a major role in the development and democratization of the aviation services in Indonesia, bringing new travel possibilities, at low rates, to an increasing part of the population,” Mr Pak Rusdi Kirana said.“With the ATRs, Wings Air is also contributing to develop business opportunities across the country and to develop tourism in regions like Java, Bali and Nusantagara.“The ATR aircraft are perfectly adapted to the Indonesian short-haul market and allows Wings Air to connect communities, even those located in remote areas.”Mr Pak Rusdi Kirana said they are also assisting with the care of the environment as they have a very low CO2 emissions rate. ATR Chief Executive Filippo Bagnato congratulated Wings Air for becoming the largest ATR operator worldwide, just three years after having signed the first contract.last_img read more

Qantas scrubs inflight WiFi

first_imgSource = e-Travel Blackboard: P.T Qantas Airways has announced it will not implement Wi-Fi services across its network, as demand for the technology does not yet match the costs associated with providing the service.The decision was made after months of trials, with the carrier finding customers keener on improved internet access on the ground over net access in the air.Less than five percent of Qantas passengers utilised paid Wi-Fi when it was trialled on full-service, international flights to Los Angeles and London over an eight month period.A Qantas spokesperson told e-Travel Blackboard the carrier would continue to evaluate demand and reconsider Wi-Fi options where necessary.“Most of our A380 services operate at night and so another dampener on demand was the fact people preferred to sleep than surf the web,” a spokesperson explained.The airline charged customers between $12.90 and $39.90 for data packages.Despite the decision, Qantas passengers will still have the ability to make phone calls and send/receive texts on all A380 aircraft, as well as some 747 jumbos and A330s.Meanwhile, Virgin Australia is currently reviewing its own in-flight Wi-Fi options but has not yet revealed any plans.Earlier today, Etihad Airways launched its new “Etihad Wi-Fly” internet and mobile connectivity service, powered by the Panasonic Avionics Global Communications Suite.Do you think Qantas, Emirates or Virgin Australia should offer Wi-Fi on international and/or domestic flights and should this be a free or paid service for passengers? Australia’s national carrier will not yet offer Wi-Fi services on flights. Image: Carry-Onlast_img read more

Time for Australia to make tough decisions on infrastructure

first_imgTime for Australia to make tough decisions on infrastructureThe  first Australian Infrastructure Plan highlights the infrastructure bottlenecks and priorities that need to be tackled by the nation but a successful response to this challenge will be dependent on the appetite of Australians to support action said the Tourism & Transport Forum Australia (TTF).“Infrastructure Australia has thrown down the gauntlet on meeting the nation’s infrastructure backlog, now it is up to Australians to support the actions necessary to make it a reality,” said Margy Osmond, TTF CEO.“Speak to any Australian in our major cities or regional centres and they will happily tell you what they think we need to build or improve to make our country more productive and reduce congestion – there is no reluctance to highlight the problem but will we be willing to embrace the solutions?“We’ve been debating our nation’s infrastructure challenge for many years now and we don’t appear to be growing any closer to a resolution – just a larger and larger list of what we want to build but what we just cannot afford to deliver in the timeframe we want.“We need to embrace a willingness to make the tough decisions about how we actually deliver the funding and pipeline to actually start to tick off the projects that Infrastructure Australia says are the priority to improving our quality of life and taking the pressure off the hip pocket of Australians.“Abandoning ideological opposition to innovative funding solutions such as asset recycling, value capture and a whole host of other new approaches is the only way that we will make inroads to building the economy-enhancing infrastructure we need.“If we aren’t prepared to think outside the box and embrace innovation and a new approach to building infrastructure then we need to be prepared to live in congested cities that are only becoming more expensive because we won’t take action.” Tourism Transport ForumSource = Tourist Transport Forumlast_img read more

Wollongong secures new HarleyDavidson event

first_imgImage credit: Dee Kramer Photography.Wollongong’s stunning scenery, accommodation and local produce will be on show at Harley Days 2016, a new three-day festival bringing together Harley-Davidson bike owners and motorbike enthusiasts from around Australia.Parliamentary Secretary for the Illawarra and South Coast Gareth Ward said Harley Days confirms NSW’s place as Australia’s favourite State for hosting inaugural events.“Harley Days will be Australia’s biggest ever celebration of the world’s favourite motorcycle brand Harley-Davidson, and we are delighted to have secured it for New South Wales,” he said.“Set to attract more than 2,000 international and domestic visitors and deliver more than $1 million in visitor expenditure, Harley Days will provide a significant boost to the local visitor economy while highlighting Wollongong’s beautiful natural setting,” Mr Ward said.New South Wales Minister for Tourism and Major Events Stuart Ayres said the new event will join a bumper line-up of sporting, music and foodie events for the region.“Wollongong is the perfect destination to host this event with its spectacular scenery, coastal riding routes, extensive accommodation options and its close proximity to Sydney,” he said.“I encourage motorbike enthusiasts and those wanting to take a short-break to plan a trip to Wollongong to experience this exciting Australian-first event,” Minister Ayres said.Nigel Keough, Managing Director of Harley-Davidson Australia & New Zealand said that Harley Days is set to become Australia’s largest celebration of motorcycle culture.“With an unprecedented line up of custom motorcycles, live entertainment, stunts and spectacles, the entire weekend is dedicated to celebrating the bonds that recreational motorcycling can create amongst communities, whether you are a rider or not,” Mr Keough said.Harley Days 2016 will include events such as a Show and Shine, demonstrations, live entertainment, guided rides and a Thunder Run – a mass participation Harley- Davidson motorcycle ride showcasing key locations in Wollongong and surrounds.Harley Days will take place at Stuart Park, Wollongong from 28th–30th October 2016.For further information on the event program, please visit the website. Visit WollongongSource = Destination NSWlast_img read more

Australias biggest Christmas Festival brings the North Pole

first_imgAustralia’s biggest Christmas Festival brings the North PoleAustralia’s biggest Christmas Festival brings the North PoleSanta and his helpers will bring much more than a sleigh load of Christmas fun and excitement to Rosehill Gardens Racecourse this December 7-27 when they touch down for Australia’s biggest Christmas festival – The Sydney Santa Spectacular.The three-week festive extravaganza will deliver the city’s coolest silly-season fun – complete with one of Australia’s largest portable ice skating rinks, imported direct from Italy for a snowy sampling of European Winter in Sydney’s scorching summer heat.Now in its third year, Sydney Santa Spectacular also features Australia’s only double-decker carousel – a vintage beauty of 10,000 moving pieces that has been painstakingly hand-restored to take pride of place alongside show-ride favourites including the Cha, Wave Swinger, Red Baron Flyer, Circus Train, Teacups, Sea Circus Fun House and Australia’s biggest inflatable world.Also on offer will be unlimited rides, a toboggan slide, live stage entertainment, a glittering Santa’s Enchanted Forest with live snowfall, Christmas cookie-decorating workshops, reindeer ride-on training stables, interactive costume characters, fairy reading-times, live caroling, face-painting, special Santa meet-and-greets and much more.With a strong emphasis on value-for-money for families, event organisers have created a flat-priced golden entry ticket ($41),which entitles all festivalgoers to unlimited rides, activities, entertainment and free parking over a three-hour session.“We are Christmas-obsessed and wanted to bring an international-scale Christmas festival to Australia, but we were also very conscious of making sure the experience remained affordable for all families. We have five kids, so we know how expensive it can be to take a big family to a special event – especially at a pricey time like Christmas – and nobody should have to miss out,” said Jade Evans, Co-founder/Owner of Sydney Santa Spectacular, whoorganises the event alongside her husband Josh, five kids and a team of tight-knit family and friends.“All rides and parking are included in our tickets – which are awesome value – and while we do sell food and drinks at the event, families can also opt to BYO to make it even more affordable.”The spirit of giving is also an integral part of the Sydney Santas Spectacular, adds Evans, noting that her favourite event element is a towering 15 metre charity Christmas tree, under which attendees are encouraged to place gifts for sick kids.Over the past two years, the Sydney Santa Spectacular team has hand-delivered around 2,000 presents from the giving tree to the Sydney Children’s Hospital and Westmead Children’s Hospital, and Evans hopes to push that number even higher in 2017.“Being able to play Mr & Mrs Claus loading up the Team Santa van and delivering the gifts to the sick kids is the highlight of the event for our team and family,” said Evans.“A few years ago, our son was critically injured and spent months in hospital being cared for and rehabilitated, so it’s nice to now be able to give back and bring some joy to families that are going through difficult times. We know just how it feels and it’s the little things, especially at times like Christmas, that make all the difference,” she explained.Not just a winter wonderland for the little ones, the Sydney Santa Spectacular also offers up festive fare for adults and parents, with a Naughty Elves Wine and Cheese Bar providing the perfect pre-skate watering hole for some axels and bunny hops on the ice.And for the ultimate sugar rush – the event is home to Australia’s only fairy-floss encased soft serve ice cream – heaven sent direct from Mrs Claus’ North Pole kitchen.Across the two years, the Sydney Santa Spectacular has welcomed close to 100,000 people, with Christmas-lovers of all ages flocking from across the country for a North Pole experience like no other.Tickets for the Sydney Santa Spectacular are on sale now at: http://www.sydneysantaspectacular.com/ticket-info.phpWhat:                 Sydney Santa SpectacularWhere:              James Ruse Drive Rosehill Gardens, Rosehill NSW, 2141When:                December 7th–27th 2017 –session times vary each day and should be checked onlineHow much:      General entry – $41 per person                               Bulk purchase of 4 tickets – $36 per person                               Children under 2 are free and do not require a ticketWebsite:             www.sydneysantaspectacular.comSocial Media:   www.facebook.com/sydneysantaspectacularSource = Sydney Santa Spectacularlast_img read more

Five star for less in South America

first_imgFive star for less in South AmericaLuxury travel company Abercrombie & Kent has launched a special offer in South America. Three iconic destinations – Buenos Aires, Iguazú Falls and Rio – are combined on a nine day private journey with savings of $6,000 per couple.Tailored for the individual traveller to explore the destinations in depth, highlights of the Argentine capital include a private tour focusing on the legendary Eva Peron and Recoleta cemetery where she was laid to rest, a sultry performance at Rojo Tango and one free day to discover Buenos Aires your way. Accommodation is at the sophisticated Four Seasons Buenos Aires.At Iguazú, there are tours of both the Argentinian and Brazilian Falls as well as a behind-the-scenes visit to the Iguassu Bird Park, an important rescue and conservation centre. Accommodation is at the elegant Belmond Hotel das Cataratas located an easy walk from the falls themselves. In Brazil’s party capital, all the major sights are included – Sugar Loaf, Copacabana Beach and the Statue of Christ the Redeemer – plus a day at leisure to explore in depth. Chic lodgings are included at the stylish beachfront Belmond Copacabana Palace Hotel.Special offer:Twin share price per person: $5,785 (normally priced at $8,785 per person)Solo Traveller: $10,885 (normally priced at $16,785)Book by 31 August for travel before 28 November 2018.To book your A&K itinerary today or to enquire further please contact Abercrombie & Kent on 1300 590 317 or visit www.abercrombiekent.com.auAbercrombie & Kent is the world’s leading luxury travel business. Founded as a luxury safari company in Africa in 1962, A&K has grown into a respected international travel company employing over 3000 staff in more than 100 countries. A&K organises private, tailored and escorted travel to every corner of the globe and has a wholly owned portfolio of cruise boats, luxury lodges, tented camps, hotels, and all-terrain vehicles. As part of its global commitment, A&K Australia brings a wealth of expertise, experience and attention to detail to any travel arrangements. Whether travelling solo, as a couple, with a family or in an escorted group, A&K is expert in providing luxury, experiential and memorable travel experiences. Abercrombie & Kent. Inspiring Experiences.Source = Abercrombie & Kentlast_img read more

MTA marital bliss in Noumea

first_imgMTA marital bliss in NoumeaPictured, MTA- Mobile Travel Agents wife and husband team, Ally and Nick Kilpin taking time out from a recent Silversea Silver Discoverer Cruise study tour for a quick snorkel while sailing from Noumea to Cairns.Now an 18-year ‘veteran’ with MTA, Ally is one of a well-respected group of high achievers who have attained ‘Platinum’ sales status with the company. She was in fact MTA founders and managing directors, Roy and Karen Merricks’ very first ‘recruit’.Ask Ally what it’s like having her husband on board and she’ll tell you he’s made a major difference to her business since joining her 13 years ago. He handles all the administrative elements leaving her to concentrate on what she loves best – consulting.“This decision was not taken lightly as we knew of the high potential for failure with the husband/wife working scenario,” Ally said.“Basically, we were embarking on 24/7 relationship but the reality is if you want something to work, you make it work.“The positives far outweighed the negatives and now 13 years down the track, we are still very busy, focused and working as a team to achieve our goals.”Source = MTA – Mobile Travel Agents PR – Mike Parker-Brownlast_img read more

SixMonth Delay for DoddFrank

first_img Dodd-Frank FDIC Federal Reserve OCC Processing QRM U.S. Commodity Futures Trading Commission 2011-06-16 Ryan Schuette in Government, Origination On Tuesday the “”Commodity Futures Trading Commission””:http://www.cftc.gov/ (CFTC) issued a six-month delay for the finalization of rules and regulations in sync with the Dodd-Frank Act, temporarily checking a host of new requirements that analysts fear will distress the derivatives, financial, and mortgage banking markets.[IMAGE]The “”Federal Reserve””:http://www.federalreserve.gov/, FDIC, and the “”Office of the Comptroller of Currency””:http://www.occ.treas.gov/ (OCC) fell behind schedule in the lead-up to Dodd-Frank’s implementation phase, which goes into effect on July 16 despite that over half of the required 387 provisions need writing, according to _The Wall Street Journal_.A spokesperson for the “”CFTC””:http://www.cftc.gov/ could not be reached for comment.David Barr, a spokesperson for the “”FDIC””:http://www.fdic.gov/, faulted “”timeframes”” for the postponement. “”Some [of the new rules and regulations] have longer deadlines than others, others have earlier deadlines,”” he said. “”We have been approaching this from the standpoint of meeting the timelines prescribed by the legislation.””Barr said that each of the three regulatory agencies “”handle their own regulations,”” despite some overlap and shared responsibility by the “”FDIC””:http://www.fdic.gov/ and OCC. Each agency is “”responsible for issuing [its] own regulations,”” and that affects the implementation of the regulatory structure.He declined to speculate about how new rules and regulations would impact banks that regulators deemed “”too big to fail.””[COLUMN_BREAK]Asked how new regulations might affect key economic indicators, including loan origination volume or the $600 trillion derivatives market, Barr said that “”it was up to others to decide.””Some analysts praised the “”CTFC’s””:http://www.cftc.gov/ delay.””This delay is a better thing,”” said Mark Calabria, director of financial regulation studies at the “”Cato Institute””:http://www.cato.org/, adding that “”ultimately this means we get better rule-making out of this.””One of the rules proposed by the Fed includes a risk-retention rule, which would require banks to retain 5 percent of the risk stemming from non-exempt mortgage-backed securities. Regulatory agencies extended a commentary period for the rule and a Qualified Residential Mortgage exemption after calls from industry leaders for more time.Asked whether the “”CTFC’s””:http://www.cftc.gov/ delay would give the commentary more heft, Calabria said, “”I think [legislators and regulators are] going to be very tough on this. Legislators have long not had very much sympathy for loan origination.””I don’t think the legislators are concerned that whatever behavior they take is going to adversely impact the mortgage origination industry,”” he said.The CFTC’s ruling follows a “”Barclays Capital””:http://www.barcap.com/ report that forecasts fallout in the broker channel of loan originations as a result of the Dodd-Frank framework. According to the report, new regulations will affect as much as 90 percent of the compensation that brokers receive from lenders, forcing business shutdowns and making a drive to high-balance loans by brokers more likely.Discussing the Barclays report, Calabria said that the Dodd-Frank framework will force mortgage lending “”in-house. We already saw it before the housing bubble burst. I think we’re going to see a very large-scale replacement by brokers with in-house loan officers.””I don’t think that’s going to be the end of the broker model,”” he said. “”I think the very large place brokers had in the economy over the past decade is going to shrink”” once the new rules and regulations go into effect. June 16, 2011 527 Views center_img Six-Month Delay for Dodd-Frank Sharelast_img read more

LRES CFO Shifts to Chief Administrative Officer Position

first_imgLRES CFO Shifts to Chief Administrative Officer Position in Headlines, News, Uncategorized August 6, 2014 405 Views Sharecenter_img LRES Movers & Shakers 2014-08-06 Tory Barringer LRES’ former CFO, Don Mask, has transitioned into the role chief administration officer (CAO) and chairman, according to a company announcement.A veteran of LRES for more than a decade, Mask is now responsible for developing the company’s short- and long-term strategic goals; overseeing human resources, marketing, client relations, and facilities departments; establishing board governance; and managing LRES’ business investments.”Don’s proven success handling the financial planning for LRES makes him the ideal candidate for his new role of managing corporate investments and establishing strategic planning and business analytics across department lines,” said LRES CEO Roger Beane.Prior to coming to LRES, Mask held executive-level positions at several national companies providing services for universities, where he raised millions of dollars in equity, directed facility renovations, and led multi-year union contract negotiations, among other fundraising tasks.Commenting on the transition, Mask said his 13-year tenure at LRES has been “highly rewarding,” adding, “I look forward to the new opportunities ahead as it relates to both the overall future direction of the company and specifically to my new role of overseeing company departments and investments.”last_img read more

Mortgage Rates Pick Up for Second Straight Week

first_img Mortgage rates continued to rise in the past week, bringing the 30-year fixed up to its highest since the start of the year.Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.76 percent (0.6 point) for the week ending February 19, up from 3.69 percent a week ago and the highest rate since 2014’s final reading.Around this time last year, the average 30-year FRM was 4.33 percent and climbing.”Mortgage rates rose for the second consecutive week as 10-year Treasury yields surged,” said Len Kiefer, deputy chief economist at Freddie Mac, in a statement.Freddie Mac attributed part of the increase to a lasting effect from January’s jobs report, which showed ongoing growth in the U.S. labor market. Counterbalancing that was this week’s data on home construction for January, which showed both starts and permits slipping.Average rates were also up for the 15-year FRM, climbing 6 basis points to 3.05 percent (0.6 point).Adjustable rates were flat to up for the week. According to Freddie Mac, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent (0.5 point) this week, unchanged from last week, while the one-year ARM averaged 2.45 percent (0.4 point), up from 2.42 percent.Bankrate.com offered a similar view of rate changes in the past week, clocking the 30-year fixed at 3.96 percent and the 15-year fixed at 3.21 percent, both up. The 5/1 ARM was down slightly in Bankrate’s survey to 3.31 percent.In its own analysis, Bankrate said that economic growth in the United States has finally picked up enough momentum to offset the problems overseas that had held rates down throughout the start of this year.”Mortgage rates had fallen as the year got under way on concerns over international growth. Those concerns haven’t gone away, and in fact have increased with Ukraine and Greece now drawing attention,” Bankrate said. “However, these international concerns are being overshadowed by the increased likelihood of a mid-year Fed interest rate hike.” Mortgage Rates Pick Up for Second Straight Week in Daily Dose, Data, Headlines, News Adjustable-Rate Mortgages Bankrate Fixed-Rate Mortgages Freddie Mac Mortgage Rates 2015-02-19 Tory Barringercenter_img Share February 19, 2015 477 Views last_img read more

Fannie Mae Freddie Mac Change Mortgage Mod Rate Again

first_img Fannie Mae Freddie Mac Servicers 2015-12-10 Staff Writer in Daily Dose, Government, Headlines, News, Servicing Just as servicers were adjusting to the lowest ever standard mortgage modification interest rate established in November 2015 by Fannie Mae and Freddie Mac, the GSEs opted to raise it back up.Both Fannie and Freddie recently announced that the standard modification interest rate will return to 4 percent.Starting on December 14, 2015, Fannie Mae will raise its standard modification interest rate from 3.875 percent to 4 percent. Meanwhile, Freddie Mac will raise its standard modification interest rate by the same amount also beginning on December 14, 2015.In November, Fannie Mae and Freddie Mac announced that the standard mortgage modification interest rate will be under 4 percent for the first time ever since the benchmark was established in January 2012. Both GSEs lowered the modification interest rate to 3.875 percent.Servicers can still use this rate until December 13, 2015.The GSEs lowered the standard modification interest rate to 4.25 percent to 4 percent in October, where the rate had been from July 2015 to September 2015.”By adjusting the interest rate from time to time, you will have the ability to provide borrowers with a rate that aligns more closely to current market conditions,” Freddie Mac said in its Standard Modification FAQs.According to Fannie and Freddie, servicers must use the current Fannie Mae Standard Modification Interest Rate when evaluating a borrower for a conventional mortgage loan modification, excluding Fannie Mae HAMP Modifications.Freddie Mac’s Guidelines to Using the Interest Rate:Visit this Web page on or after the fifth business day of every month for the new interest rate.Implement the new interest rate on the tenth business day of the month, but no sooner.Use the interest rate that is in effect and posted on Freddie Mac’s website when evaluating a borrower until the mandatory effective date of the new interest rate.Ensure the interest rate used to determine final modification terms is the same fixed rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period payment – even if the interest rate that must be used for new Trial Period Plan evaluations subsequently changes. Sharecenter_img December 10, 2015 613 Views Fannie Mae & Freddie Mac Change Mortgage Mod Rate Againlast_img read more

Fannie Mae Significant Opportunity Lies in Mobile Technology

first_img Mobile technology has become increasingly popular with homebuyers, according to a survey conducted by Fannie Mae found that demand for and usage of mobile mortgage products has almost doubled over the past 12 months.The survey covered 1,200 low- to moderate-income homebuyers who have bought homes in the last year and have a mortgage guaranteed by Fannie Mae.“This is a startlingly large increase reflecting the pervasive and growing use of mobile technology among consumers at all income levels,” wrote Steve Deggendorf, Director, Market Insights Research, Fannie Mae. “Although this research focused on low- and moderate-income homebuyers, our prior research suggests the results would be even larger for mobile usage and interest among higher-income consumers.”Fannie Mae suggests, based on research, that interest in these products will only increase among consumers in the coming year, particularly among first-time buyers and younger consumers with a college education. Fannie Mae’s Mortgage Lender Sentiment Survey, covering the third quarter of 2016, noted the growing number of lenders that were making mobile apps part of the process. Deggendorf said there is “significant opportunity” for lenders to meet demand in this space because future interest in conducting mortgage activity via a mobile device is much higher than current interest.“Though some lenders have begun building out the mobile experience for consumers, all lenders should evolve their online and mobile capabilities to address the rapidly changing consumer demand as well as the potential for competitive shifts,” Deggendorf wrote. “The potential for the competitive repositioning in the broader mortgage market value chain is high, maybe much higher than in many years, as next-generation technologies and providers focus on offering exciting mobile opportunities to improve the consumer experience through digitization and by removing inefficient manual processes.”Regulators have taken notice of the way the mortgage industry has come to more fully embrace mobile technology in the last year as the needs of consumers have changed. Comptroller of the Currency Thomas Curry, in a speech last week in which he announced that qualifying financial technology (FinTech) companies that offer banking products could choose to receive a special purpose national bank charter if they wish, noted that consumers want better, faster, more accessible products and services, and they are willing to switch providers or use multiple providers to get what they want. These consumers expect to be able to transact basic banking and financial business anywhere, anytime, from the palm of their hands.”To illustrate just how lenders are embracing a more technology-based approach to meet changing needs and demands of consumers, look no further than Quicken Loans. Last year, the Detroit-based lender created a “Rocket Mortgage” program, which the company bills as a “a fast, powerful, and completely online way to get a mortgage” with a slogan that says simply, “Push button. Get mortgage.” A commercial for this program which aired during the Super Bowl in February generated considerable controversy on social media but was also widely praised. Fannie Mae Mobile Technology 2016-12-05 Seth Welborn December 5, 2016 688 Views Fannie Mae: ‘Significant Opportunity’ Lies in Mobile Technologycenter_img in Daily Dose, Headlines, News, Technology Sharelast_img read more

Fannie Mae Education Homeownership Linked

first_img March 30, 2017 586 Views Fannie Mae: Education & Homeownership Linked in Daily Dose, Government, News, Origination Young adults are 3.5 percent less likely to own a home now than they were before the Great Recession, according to a working paper released by Fannie Mae on Thursday. Additionally, the homeownership rate among this demographic has dropped from 45 percent to 35 percent.The paper, titled “The Shifting Determinants of Young-Adult Homeownership Before and After the Great Recession,” analyzed factors like race, income, education and more on the homeownership rates of young adults aged 25 to 34, as well as trends among the age group.According to the paper, “more than half of the decline in homeownership among young adults can be explained by individual, parental, and regional characteristics.”But while overall homeownership rates are lower with young adults today, the paper found there are factors that increase a person’s likelihood to buy. Education, in particular, is a positive influencer.“Having a bachelor’s degree or higher is associated with a 6 percentage point increase in the likelihood of homeownership, compared with someone who lacks a high school diploma,” the report stated.But this wasn’t the case before the Great Recession. This may be, the paper posited, because education is a proxy for permanent income or financial literacy.“Education might also proxy for financial literacy, which could help young households navigate the home purchase and mortgage finance processes,” the paper reported.According to the paper, educational attainment improves the likelihood of homeownership rates across all races, but particularly blacks and non-Hispanic whites.“Compared to non-Hispanic white households with less than a high school diploma, the likelihood of homeownership increases by 10.3 percentage points for non-Hispanic whites with a high school diploma, 15.3 percentage points for those with at least some college, and 12.4 percentage points for those with at least a bachelor’s degree,” the report stated. “Black households experience a stepwise increase in the probability of homeownership at each level of education, culminating in a 11.1 percentage point higher likelihood of being a homeowner for black households headed by a college graduate compared with blacks who have less than a high school diploma.”Overall, the paper found that non-Hispanic whites are more likely to own a home than blacks. Those in married households and households with children are also more likely to own. Income and wealth were also positive influencers.View the whole paper at FannieMae.com.center_img Fannie Mae Homeownership 2017-03-30 Seth Welborn Sharelast_img read more

Tornadoes Ravage Ohio City on Memorial Day

first_img homes Natural Disasters Ohio 2019-05-28 Mike Albanese in Daily Dose, Data, Featured, News Residents in Dayton, Ohio, have been left to pick up the pieces after three tornadoes caused widespread damage on Monday.It was reported by ABC News that more than 80,000 people—more than half of Dayton’s reported population—were left without power early Tuesday morning. The storm has caused one confirmed death. “I don’t know that any community that is fully prepared for this type of devastation,” Dayton Assistant Fire Chief Nicholas Hosford said Tuesday on ABC’s “Good Morning America.”ABC went on to report that there were 51 tornadoes across eight states on Monday—Idaho, Colorado, Nebraska, Iowa, Minnesota, Illinois, Indiana and Ohio—and severe weather remains a threat through Wednesday.Ohio, and some of its larger metros, are no strangers to these storms.A Redfin report in April outlined the metros at most risk for a natural disaster, and three Ohio metros found their names on the list. Cleveland and Columbus, which is located 71 miles from Dayton, had a natural disaster ranking of 23. Cincinnati was close behind with a natural disaster ranking of 24. Cincinnati is located 54 miles from Dayton.According to the Redfin report, Columbus and Cleveland have experienced a combined 138 tornadoes. Cincinnati has 46 on record and Columbus’ 78 tornadoes were tied for second most on the list with Atlanta, Georgia, and Minneapolis, Minnesota.Those impacted by the storm also face the dangers of foreclosure. CoreLogic released a study in May that stated without proper insurance, many homeowners impacted by natural disasters such as tornadoes may be at increased risk of foreclosure. CoreLogic’s 2019 Insurance Coverage Adequacy Report reveals how underinsurance can leave an impact on the lending industry.“The disruption of a family’s regular flow of income and payments, as well as substantial loss in property value, can trigger mortgage default; especially if homeowners are underinsured and cannot afford to rebuild,” said Frank Nothaft, Chief Economist for CoreLogic.Disruption to income from natural disasters including wildfires, tornadoes, and hurricanes can lead to mortgage defaults, and CoreLogic notes that delinquency and foreclosures typically spike in an affected area following a disaster.“The financial impact of underinsurance touches everyone; this is especially true after a catastrophic event where widespread property damage can cost billions of dollars,” CoreLogic stated in the report.The Five Star Institute will host its Disaster Preparedness Symposium on July 31 in New Orleans, Louisiana. Natural disasters impact investors, service providers, mortgage servicers, government agencies, legal professionals, lenders, property preservation companies, and—most importantly—homeowners.The 2019 Five Star Disaster Preparedness Symposium will include critical conversations on response, reaction and assistance, to ensure the industry is ready to lend the proper support the next time a natural disaster strikes.  Sharecenter_img May 28, 2019 525 Views Tornadoes Ravage Ohio City on Memorial Daylast_img read more

PRESS RELEASE Bakersfield Calif– Grape category

first_img PRESS RELEASEBakersfield, Calif.– Grape category leader Sun World International will have a record amount of Sun World proprietary grape varieties this coming fall including their flagship “late season trio”: SCARLOTTA SEEDLESS®, AUTUMNCRISP®, and ADORA SEEDLESS® brand grapes.The company’s grape volume has grown a record amount overall. This year, retailers can plan aggressive promotions from mid-September through mid-November. “We have seen tremendous growth in the last three years,” Sun World Vice President of Domestic Sales Jason Fuller said. “This year we are marketing the largest crop in our history. Because of this, we will have a record amount of promotable product to help our retailers grow.”ADORA SEEDLESS® brand grapes have a crisp and sweet flavor profile, and with a one-inch diameter the reputation of a “two-bite” grape. Interest in AUTUMNCRISP® brand grapes has rapidly risen on a global scale due to its unique flavor and taste experience: sweet with a hint of Muscat and an exceptional crunch. SCARLOTTA SEEDLESS® brand grapes have a striking red color and an elegantly aromatic flavor.To learn more about Sun World’s grape varieties and product offerings, visit https://www.sunworld.com/types-of-grapes.About Sun World International – Sun World International, LLC, first sunk its roots into the produce business in 1976. For over 40 years, we’ve connected our farms to families around the world through the sweetest, best quality red, black and green seedless proprietary grapes. In addition to a focus on flavor, Sun World is deeply committed to the use of safe, sustainable and fair farming practices – and licenses its proprietary varieties to like-minded growers and marketers in major grape growing regions around the world. Learn more about Sun World’s commitment to Better Farms and Better Flavor at Sun-World.com. You might also be interested incenter_img August 07 , 2018 last_img read more

Basquefood winegastronomyJoy DoddsMediterranean

first_imgBasquefood & winegastronomyJoy DoddsMediterranean MusingsSpain Read all of JOY DODDS’ previous Mediterranean Musings – from Italy to Spain, and including gastronomic delights …Coastal Euskadi, Basque Spain, exudes tradition and passion.Perched on the Bay of Biscay coast near the border with France, this colourful region – locally known as Euskadi in Basque or País Vasco in Spanish – is an autonomous region with its own government, as well as its own culture and language, its own culinary traditions and a distinctive landscape. Medieval town walls and springtime blossomsThe two largest cities of the region are San Sebastian (Donostia in Basque) on the Bay of La Concha and Bilbao, the provincial capital, both on the coast. San Sebastian’s Old Town (Parte Vieja) is reputed to have the highest concentration of bars per square metre in Spain, and is the undisputed king of Spain’s restaurant scene with countless Michelin restaurants.Bilbao, best known for its architecturally-stunning Museo Guggenheim, a modern art mecca, also boasts the nearby fine arts museum, Museo de Bellas Artes, which holds art works by El Greco, Goya and others. Like San Sebastian, it has a reputation for partying, particularly in the old town, Las Siete Calles, on the right bank of the Ria de Bilbao where the Catedrale de Santiago stands. Bilbao’s beaches, particularly Azkorri, are another great attraction.Neither city, however, is the capital of Pais Vasco, this honour falling to inland Vitoria-Gasteiz, where Spain’s Basque Autonomous Community Parliament building is located. Considered the best-preserved medieval centre in Basque Country, its Renaissance palaces and stone mansions are among its attractions, as well as some of the finest Basque restaurants. Classic Basque farmhousePursuing our easterly coastal route, we passed through both San Sebastian and Bilbao, their attractions well-documented, for the lesser-known but equally fascinating charming coastal town of Hondarribia, or Fuenterrabia in Spanish, in Guipuzcoa province. Perched on Txingudi Bay with Jaizkibel Mountain its magnificent backdrop, this medieval gem, to me, ticks all the boxes as one of the most fascinating sites on the Basque Coast.Puerta de Santa Maria, Hondarribia’s original main gateVoted one of the most beautiful towns in Spain, this former Roman settlement and port is surrounded by magnificent and evocative medieval city walls with huge battlements that overlook the Rio Bidossoa. The original main gate, Puerta de Santa Maria, makes the ideal introduction to the town, the historic centre of which dates from the 15th and 16th centuries. Despite its medieval authenticity, Hondarribia is surprisingly non-commercial in terms of touristy souvenir shops and the like, increasing its appeal.Hondarribia’s historic quarter is a maze of cobbled streets, its elegant buildings in the vicinity of the main plaza, Puerta des Armes, in striking contrast to the joyful colourful houses of the fishermen’s quarter (La Marina), most notably along pedestrian-only Calle San Pedro. Hondarribia’s Fishermen’s Quarter shops and eateriesThe fishermen’s houses have facades painted bright green, red or blue colours, and adorned with wood-carved eaves and wrought iron. The wooden balconies are all cheerfully decorated with flower boxes and pots, creating a picture-perfect scene.Many of these old-fashioned houses now contain bars and restaurants, most serving pintxos (Basque tapas). One of the town’s other great attractions is its gastronomy, its restaurateurs having won countless awards for delicious seafood and pintxos paired with drinks such as txakoli sparkling wine and Basque cider served throughout the village.(See Basque Gastronomy below).The harbourside La Marina is full of seafaring vessels of all sizes, including a huge beached blue and white fishing boat, a tribute to the bravery and persistence of its fishermen and the town’s historic roots.La MarinaOther attractions are the Gothic and Renaissance Castle of Emperor Carlos V, now El Emperador, a brilliant four-star parador and the 16th-century Iglesia del Manzano church. Sandy Hondarribia Beach at the mouth of the Bidasoa River is also picturesque.Out of town, well worth visiting are the 16th century Our Lady of Guadalupe Sanctuary and Hermitage and the Castle of San Telmo on Cape Higuer, while west of the city, on Mount Jaizkibel, is the Guadalupe Fort which was a Spanish Civil War prison.Our comfortable and evocative farm-stay cabinA farm stay in Hondarribia makes a truly authentic experience. Our beautifully-appointed rustic cabin was only five minutes from Pueurta de Santa Maria but located in stunning lush countryside. Exquisitely decorated for comfort and character by our most convivial hosts, our Basque accommodation was perfect. (TEL: B+34 635727120)Rustic decor and well-appointed farm-stay facilities in rural HondarribiaBasque GastronomyHondarribia charcuterie – jambon, cheeses, all proudly displayedWhat can you expect from the highly-acclaimed delicious and distinctive Basque cuisine? Fancy a Basque tapas (pintxos) or ten from our La Marina Bar? Mouth-watering!Menus are rich in meats and fish grilled over hot coals, as well as marmitako (bonito and potato stew) and lamb stews. Monkfish, octopus and cod feature widely along with local specialties such as Tolosa beans, paprikas from Lekeitio, piquillo peppers and artichokes, ideally followed by a plate of delicious Idiazabal sheep’s cheese.We relished the array of pintxos at a brilliant local bar/eatery on Calle San Pedro, not to mention the convivial, laid-back atmosphere and local beer choices. Nearby restaurant La Hermendad de Pescadores is famous throughout Spain for its seafood, the simple blue and white building on the waterfront being best known for its fish soup, or sopa de pecsado. Another Hondarribia restaurant, Almeda, is one of several awarded Michelin stars for fine Basque dining, based on the freshest of locally-sourced seafood.Our choice to explore charming Hondarribia rather than Guipuzcoa Province’s larger well-known icons proved to be an excellent one. All the rich culture and proud traditions renowned in the coastal ancestral lands of the Basque people were there in spades, along with medieval history and acclaimed gastronomy, amid a rugged unspoilt rustic charm. Next week we’ll dig deeper into Basque Country, exploring the Spanish-French mountain regions of the Pyrenees.Coastal view towards Francelast_img read more

Throughout November and until 18 December 2018 S

first_imgThroughout November, and until 18 December 2018, Singapore’s famed Changi Airport is inviting Aussies to ‘pack their bags’ for a chance to win the ultimate holiday to Southeast Asia and S$5,000 worth of prizes. To enter the game of chance, users must choose a dream holiday destination that can be reached via a stopover at Changi, the ideal gateway to southeast Asian hotspots – Surabaya, Indonesia; Luang Prabang, Laos; Koh Samui, Thailand; Siem Reap, Cambodia; Ho Chi Minh City, Vietnam.They’ll then select their most appropriate travel persona that best reflects their travel needs; the Documenter, the Indulger, the Backpacker, the Thrill Seeker, the Rejuvenator and the Work Tripper.The user will be given S$2,500 in virtual money to pack their empty ‘suitcase’, selecting from a wide variety of items and products from the iShopChangi, Changi’s e-commerce store, that best suits their chosen holiday destination.The lucky grand prize winner will win their chosen holiday for two, the items they have already packed in their virtual luggage, plus an additional S$2,500 to spend at the airport. They will take only an empty suitcase with them, which they’ll fill by purchasing luggage using their prize money, showcasing the depth and breadth of the retail offerings at Changi.As an added bonus end to the campaign, users will also have the chance to win a S$50 iShopChangi voucher instantly!The campaign was devised and executed by Circul8. Changi AirportcompetitionSingaporewin a holidaylast_img read more

LA is renowned for being at the forefront of the

first_imgL.A. is renowned for being at the forefront of the health and wellness movement and agents were treated to a refreshing dose of this with a visit to Howling Juice, known for its organic juices, wellness shots, tonics and smoothies. They also stopped by Wanderlust Hollywood, a yoga and wellness centre complete with an organic restaurant and rooftop space.A luxury trip to the City of Angels wouldn’t be complete without a stroll along Beverly Hills’ famous shopping strip, Rodeo Drive, and agents also paid a visit to Westfield Century City where they enjoyed a VIP shopping experience with The Private Suite Century City. The suite offers members luxury and discretion and even has its own private elevator, providing direct access to Century City’s restaurants, theatres, and Westfield’s retail experience of more than 200 boutiques.With more museums than any other U.S. city, L.A.’s iconic Getty Center was a great place to start and the group also took a tour of The Petersen Automotive Museum and Vault. They were even lucky enough to experience the opening night of the Beverly Hills’ BOLD Holidays festival that debuted the exhibition of interactive artist, Alexa Meade, who encourages passers-by to step into her two-dimensional paintings and interact with the installations by donning hand-painted attire and accessories.IMAGE: On the Penthouse rooftop at LEVEL Furnished Living The group was treated to the best of L.A and Beverly Hills luxury accommodation offerings across the city, including the recently opened Hotel Figueroa a Leading Hotel of the World member, and the Nomad L.A, as well as the luxury apartment-style offering at LEVEL Furnished Living – perfect for sports fans with its proximity to Staples Centre and LA Live.Over in Beverly Hills, SIXTY Beverly Hills Hotel and Viceroy L’Ermitage Beverly Hills gave a glimpse of the higher-end offerings, and on the Westside, they visited the Sofitel Los Angeles at Beverly Hills, Hotel Bel-Air and Four Seasons Hotel Los Angeles at Beverly Hills. The recently opened Dream Hollywood Hotel also offered a taste of L.A’s signature laid-back luxury style. Discover Los Angeles, together with the Beverly Hills Conference and Visitor Bureau, hosted Australian agents from Mobile Travel Agents-MTA from 12-16 November 2018, educating them on the city’s luxury, health and wellness offerings.Jetting in to LAX with Air New Zealand, the agents were surprised with a star-studded experience at the exclusive terminal, The Private Suite. Designed for First and Business Class travellers seeking discretion and privacy, the suite provides access to a private lounge and TSA screening so members can skip the queues.center_img agentsAir New ZealandBeverly Hills CVBDiscover Los AngelesfamillaxLos AngelesluxuryMobile Travel AgetnsMTAwellnesslast_img read more