“There’s no compensation package that would interest me,” said Neil Keveren, who chairs a local community group opposed to the expansion. “We have a historic village with buildings that go back 600 years. You cannot replace that. You cannot buy memories.”Harmondsworth is under threat because London and southeastern England need more airport capacity to meet the growing demands of business travelers and tourists. Heathrow and rival Gatwick, 30 miles (50 kilometers) south of central London, have offered competing projects that will cost as much as 18.6 billion pounds ($29.1 billion). Whichever proposal is selected, homes will be destroyed and surviving neighborhoods will have to cope with increased noise, pollution and traffic.The issue is so toxic that politicians created an independent commission to weigh the options. Government officials then postponed a decision until after the May 7 election, effectively taking the matter off the political agenda, if but briefly.The commission is set to make its recommendation as soon as next month. It will then be up to political leaders to make the final decision. A furious public relations battle has raged in advance, with placards all over London’s subway system, for example, extolling the virtues of Heathrow or Gatwick. The commission has already rejected other options, including Mayor Boris Johnson’s proposal for a new airport in the Thames Estuary. LONDON (AP) — With its classic red phone booth, pub, and medieval church, Harmondsworth’s center looks quintessentially British. But the search for a twee English village isn’t what brings millions of people within a stone’s throw of its boundaries.The attraction is neighboring Heathrow Airport, which served 73 million travelers last year. Now Europe’s busiest airport is proposing to build a runway roughly through the center of town, leveling the ivy-covered brick walls of the Harmondsworth Hall guest house and two-thirds of its homes. A village that traces its history to the 6th century would be forever altered, and some argue even what’s left would be uninhabitable. According to the commission, all three remaining proposals, including two different plans to expand Heathrow, would meet the region’s needs, though the costs and potential benefits would vary. Gatwick, for instance, would cost an estimated 9.3 billion pounds and boost Britain’s gross domestic product by as much as 127 billion pounds. The most expensive Heathrow project would cost twice as much and boost GDP by up to 211 billion pounds, the commission estimates.Making the right decision is crucial as London seeks to retain a competitive edge.In a globalized world, airports offer the opportunity for investment bankers, lawyers, consultants and engineers to make face-to-face connections in major markets where deals are made, said John Kasarda, director of the center for air commerce at the University of North Carolina’s Kenan-Flagler Business School.“This is contact sport, particularly at the global level,” Kasarda said. “This isn’t done over the net.”And the ability to move — and connect — faster makes a country and its economy more competitive. Opting not to expand is a tacit acknowledgement that the government is willing to have some of those jobs go to a competitor, such as Paris, Amsterdam or Dubai. “It’s the survival of the fastest,” Kasarda said. “It’s no longer the big eating the small. It is the fast eating the slow.”But there is a human cost, as communities like Harmondsworth and others that might be affected know all too well.Heathrow external relations director Nigel Milton said he understands that some people are very upset, though he claims there are residents in Harmondsworth who support the project but might not want to come forward to support the idea. He acknowledges the local impact, but said the company would offer compensation packages — even to those whose homes would not need to be leveled but who would find themselves living next to a runway.“We believe we are being fair,” he said.Countries like Britain have struggled with the notion of balancing national gain with local pain. Harmondsworth and the nearby village of Sipson are “stylized examples of the challenge all big societies face: progress meets obstacles,” said Tony Travers, a professor of government at the London School of Economics.Britain has sought to strike a balance between growth and safeguarding its heritage, and grassroots conservation movements have grown up to protect cultural landmarks. Unlike communities such as Venice in Italy, Britain hasn’t allowed beauty to hamper progress — but that doesn’t mean it isn’t taken into account. Top Stories Ex-FBI agent details raid on Phoenix body donation facility “If Harmondsworth were not this beautiful village, this decision would be that much easier to make,” Travers said.Local campaigners say they’ve been told the latest proposal would avoid landmarks like St. Mary’s Church, which traces its history to the mid-11th century and the Great Barn, a 15th century oak-framed behemoth — 192 feet long, 37 feet wide and 39 feet high — dubbed the “Cathedral of Middlesex” by the late poet laureate John Betjeman.But opponents say the proposed runway would be so close to what’s left of the village that no one would be able to stand to live there because of the noise and the bad air. In other words, there’d be a church but no congregation, said archaeological scientist Justine Bayley.“They have no concern that they are screwing up the lives of hundreds of thousands of people for their shareholders,” she said of her village and others along the flightpath and in west London who are affected by the noise.Keveren nods. His fury is evident as he waves a 2010 election leaflet in which Prime Minister David Cameron’s Conservative Party pledged to fight Heathrow expansion. Keveren says he feels deceived. Arizona families, Arizona farms: providing the local community with responsibly produced dairy Milstead says best way to stop wrong-way incidents is driving sober Comments Share Sponsored Stories New Valley school lets students pick career-path academies Natural spring cleaning tips and tricks for your home Top holiday drink recipes “My grandparents worked this land. I have war dead in the cemetery of the church. This is my home and if I am forced to leave here, who will it be for? Foreign investors,” he said spinning with outrage. “The message I would give to the world is that the British government can be bought.”Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Former Arizona Rep. Don Shooter shows health improvement
Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement Civilians watch the site of a car bomb attack in Baghdad, Iraq, Tuesday, June 2, 2015. Police officials said the car went off inside the parking lot of a Qadouri restaurant in eastern Baghdad on Tuesday afternoon, killing several people. (AP Photo/Hadi Mizban) BRUSSELS (AP) — The United Nations is appealing for almost half a billion dollars in urgent aid to provide humanitarian assistance for more than 8 million people in Iraq.Lise Grande, the U.N. humanitarian coordinator for Iraq, said Thursday that “more than 50 percent of the operation will be shut down or cut back if money is not received immediately.”In an appeal in Brussels, the U.N. and its partners asked for $497 million to cover the costs of shelter, food, water and other aid over the next six months. ErrorOK… ErrorOK Ex-FBI agent details raid on Phoenix body donation facility The conflict has forced some 3 million people from their homes and scattered them, hampering aid efforts.The U.N. estimates that 10 million Iraqis could need aid by the end of the year.___This corrects wording of first paragraph in earlier version.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 3 international destinations to visit in 2019 New Valley school lets students pick career-path academies Top Stories Milstead says best way to stop wrong-way incidents is driving sober Four benefits of having a wireless security system Comments Share 4 ways to protect your company from cyber breaches
The gunmen reportedly questioned the family about a rival gang, and then shot them to death and ransacked the home on a road between Reynosa and the neighboring city of Matamoros.Earlier Thursday, journalist Pedro Ferriz said he was robbed at gunpoint while webcasting from his car in Mexico City. Ferriz, best known for his radio programs, kept recording and taped part of his own robbery.Ferriz was speaking into a cellphone app when he was robbed of his watch and phone by an assailant with a pistol.In the video, which was posted on local websites, Ferriz is seen taping himself when suddenly a scuffle ensues. He can be heard saying, “I’m on air!”The assault occurred on a street in an upscale neighborhood just blocks from the presidential residence.The robbery drew attention to Mexico City’s problem with persistent crime, despite the fact the capital has been largely spared the large-scale drug cartel violence affecting some regions of the country.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 0 Comments Share MEXICO CITY (AP) — Gunmen believed to belong to a local drug cartel killed five members of a family near the Mexican border city of Reynosa, across from McAllen, Texas, authorities said Thursday.The assailants arrived at the family’s home and forced the inhabitants outside, then killed a grandfather, his son and three of his grandchildren, aged 10 to 19, Tamaulipas state’s government said. The killings took place late Wednesday. Top Stories Check your body, save your life Four benefits of having a wireless security system Ex-FBI agent details raid on Phoenix body donation facility Here’s how to repair and patch damaged drywall Mesa family survives lightning strike to home Sponsored Stories 4 sleep positions for men and what they mean New Valley school lets students pick career-path academies
Source = e-Travel Blackboard: N.J Qantas has received permission from engine maker Rolls Royce to operate its A380s on the Los Angeles route at full load. Thrust limitations put in place by the Rolls Royce last year prevented the Australian flag carrier from resuming flights to the US because it would mean flying fewer passengers and lighter cargo, The Australian reported. The engine maker has since removed the thrust limitations and is confident it has resolved the manufacturing error which caused an A380 engine to disintegrate over Singapore last year. “We have got advice from Rolls-Royce that they are comfortable to have the A380 operating to Los Angeles given the checks and technical analysis they’ve done on the engine,” Qantas spokesperson Olivia Wirth said. Qantas said it expects to resume its A380 services to LA on 17 January but despite obtaining the go-ahead, the Australian flag carrier will need to receive permission to fly from the Civil Aviation Safety Authority (CASA).According to the source the airline has organised a meeting with CASA for later this week.
Virgin Australia has created a new subsidiary for its Velocity Frequent Flyer program. The rewards branch will be helmed by Neil Thompson who will join the company as division CEO in August 2012. The Velocity Frequent Flyer program will operate as a stand-alone business, with Mr Thompson reporting directly to Virgin Australia CEO John Borghetti. “Velocity Frequent Flyer remains a key growth opportunity for our business. We have done a lot of work over the past 18 months to create a solid foundation for the Frequent Flyer program,” Mr Borghetti said. Virgin Australia aims to position itself as the market leader in loyalty programs across the nation, driving future earnings and potential. “The Velocity Frequent Flyer program is critical to Virgin Australia’s goal of becoming the airline of choice in Australia and we are confident this new structure will help us achieve that”, Mr Borghetti added. Source = e-Travel Blackboard: P.T
Visa-free entrants to the Philippines must have a passport valid for at least six months beyond the contemplated stay dates and possess a return ticket to their country of origin or onward destination. The extended visa-free initiative was conceived through inter-agency coordination among the Department of Foreign Affairs, Department of Tourism, Department of Justice, Bureau of Immigration and the National Intelligence Coordinating Agency. These days it is not only more fun in the Philippines. The fun lasts longer! For the full list of eligible countries visit Consular Services on the Philippine Embassy website. Foreign nationals from 151 countries can now enter the Philippines without a visa and remain in the country for a maximum of 30 days, according to a new Executive Order. Source = ETB News: P.T. The Philippines has extended its visa-free privileges from 21 to 30 days. Australia is among the multitude of countries affected by this new policy, which came into effect on 1 August 2013.
Source = TravelManagers TravelManagers Sowing Seeds of Success A little brain food is a popular way to remain focused during the course of an intensive TravelManagers workshop – (L-R) Trish Clowes, Cath Graham and Carolyn AhearneTravelManagers Sowing Seeds of SuccessTravelManagers has just completed a round of Business Planning Workshops rolled out to personal travel managers (PTMs) around the country – a series of one-day sessions that were held in six locations and aimed to provide guidance to participants in creating and sustaining success within their businesses.“The workshops were organised and run by our seven state-based Business Partnership Managers (BPMs),” Executive General Manager, Michael Gazal explains, “and were designed to work through six key business disciplines, ranging from product and service offering to financial forecasting.”In total, 90 PTMs attended the sessions in Adelaide, Melbourne, Sydney, Perth, Brisbane and northern New South Wales, with a mixture of new and more experienced PTMs in attendance.“The content of the sessions has been developed by our team of BPMs, in collaboration with our Marketing team,” Gazal explains. “We spend a lot of time listening to our PTMs and identifying where they might require support – that feedback, which arises from one-on-one and small-group conversations between BPMs and PTMs throughout the year, has been invaluable in fine-tuning the content of the workshops.”According to Gazal, the effort required to design and deliver these workshops seem to be paying off, with an overwhelmingly enthusiastic response from participating PTMs, including Jodie McConnell, who is representative for Fremantle, WA.“My focus for this year is to work on the operational side of my business,” she explains, “so that I am able to work smarter, not harder – the business planning workshop have helped me to identify small changes that I can make in order to achieve this goal.”McConnell says she benefited not just from the formal guidance provided at the workshops, but also from the discussions generated by her colleagues.“Working from home can be quite isolating, so it’s extremely valuable to be able to connect with other PTMs and share ideas – it gives me both inspiration and a little push to keep going with some aspects of my business and identify where I might be able to change things up a bit.”According to Gazal, one of the strengths of the business planning workshops is the collaborative environment in which they take place.“A lot of our newer PTMs attended the sessions, but we also have plenty of more experienced PTMs taking part – which results in a real mixture of different levels of industry and particularly home-based, experience working together.”Tanya Whitehurst, who is representative for Hilbert, WA, is relatively new to TravelManagers but has worked in the travel industry for more than twenty years.“I always enjoy an opportunity to get together with other, more experienced PTM’s and get their tips on how they have built their businesses up,” she says. “The day was both helpful and interesting, and has certainly given me some food for thought on certain areas of my business.”Belinda Le Bretton, representative for Leura, NSW, was one of the 14 attendees at the workshop held in Sydney.“I always love spending a day with my TravelManagers colleagues – it always reassures me that I made such a good decision in joining the company,” she says. “The planning workshop was no exception – it made things clearer and served to remind me that with so many of us sharing similar thinking, there is always plenty of back-up and support available should you need it.”Despite the excellent attendance numbers at all six locations around Australia, Gazal says there are many more PTMs who were unable to attend but would still like to benefit from the guidance offered. For this reason, the BPMs have worked hard to refine many elements of the workshops’ content to create a series of four webinars that will be able to be accessed remotely.“We have more than 560 PTMs dotted around the country in every state and territory,” he explains, “and it’s an important feature of our business model that all of our PTMs have access to the same quality of training and mentoring, regardless of the remoteness of their location.”With this year’s workshops now complete, PTMs such as Kathy Watson, representative for Bangalow NSW, say they are ready to apply what they’ve learned to their businesses.“I came home feeling inspired and excited about entering the next stage in my business, and applying the ideas that were presented to assist in taking it to a new level.”For more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599.About TravelManagersTravelManagers is Australia’s market leader and biggest home-based travel business operating in all States & Territories. A wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $2 billion for 2019, TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel. TravelManagers is solely dedicated to providing the best possible support to its network of more than 560 personal travel managers throughout Australia, through a dedicated team at the company’s National Partnership Office in Sydney. TravelManagers places all customer funds in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are secure and only used for client purchases. This is supported by a Trust Account Fidelity Risk insurance policy to protect all clients’ funds in the unlikely event they are missing from, or not paid into the Insured Trust Account.
One of six Constance Hotels and Resorts properties, Constance Halaveli Maldives was recently re-certified by Green Globe, and achieved a notable compliance score of 84% against the accredited criteria.Takako Fujii, Quality Manager at Constance Halaveli Maldives said, “The team motto for our resort is simple – Each action matters. Each kindness saves.”Management and staff worked closely together on resource management strategies, community development and environmental programs. The resort devised an informative hour-long program to increase awareness about the importance of sustainability. The course, conducted a couple of months back, was attended by 237 team members (82% of total staff) as well as 15 staff from the Dive Centre, a partner company. Topics covered included energy and water conservation, the benefits of a clean environment and discussing the personal attitudes of staff toward the current environmental situation in the Maldives and globally.“The course will also form part of the orientation induction program for new staff to enhance the culture of sustainability from the beginning of their career in the company,” added Fujii.In keeping with its environmental objectives, the energy usage of each section of the property is monitored daily by a SCADA (Supervisory Control and Data Acquisition) system. It is then the duty of each respective department head to analyse any increment or decrement in energy consumption and share this information with other management staff.The resort produces its own energy on site with the use of generators and also has its own water treatment plant which desalinates seawater. To ensure energy and water reduction targets are met, it is vital that all staff actively engage in the resort’s prevention maintenance program. Team members responsibly switch off any light or air conditioning unit that has been left on, turn off any running water taps and make immediate reports to the Maintenance team if repairs are required.Green activities keep the natural environment in this delicate atoll in pristine condition. Environmental initiatives are organised on a regular basis for staff, which include coral planting, lagoon cleaning and dive clean ups.
Emirates has taken an innovative decision of replacing its Boeing 777-300ER operations on the EK308/EK309 routes and EK304/305 routes with the Airbus A380. The result of this, is effectively initiating an all-A380 service on its Beijing and Shanghai services.The move, effective from July 1, 2017, will strengthen Emirates’ A380 offering in northern Asia, which includes Beijing, Shanghai, Guangzhou, Hong Kong, Taipei, Seoul and Narita.On Chinese routes, the Emirates A380 offers up to 519 seats in a three-class configuration as well as the First and Business Class Onboard Lounge on the upper deck and the onboard shower spas in First Class.Shanghai was Emirates’ first Chinese destination, with freight operations in 2002, followed by passenger services to the city in 2004. Launched in 2006, Beijing routes first deployed the A380 service in August 2010.
Manchester Airport has secured a landmark route into Africa, underlining its pivotal role in connecting the North to the world’s most important markets. Ethiopian Airlines confirmed it will operate four-times-a-week service, starting from December 1, to Addis Ababa, the East African nation’s capital. The route will unlock connections to more than 58 countries across the African continent. Ethiopian Airlines, which flies to more destinations in Africa than any other carrier, will operate the ultramodern B-787 on the route with business and economy classes.It will serve as a key trade route for Northern businesses, opening up fresh export opportunities and delivering cost and journey time savings to those already operating there. The service will initially transit via Brussels.Andrew Cowan, CEO, Manchester Airport said, “The introduction of this route underlines the critical role Manchester Airport plays in connecting the people and businesses of the North to the world’s most important markets. We hope this will unlock dozens of more destinations across Africa through Ethiopian Airlines’ unrivalled network.”Tewolde Gebremariam, CEO, Ethiopian Airlines said, “We are elated to start services to Manchester, our second destination in the UK next to London Heathrow. The socio-economic implication of the new flight is immense. With vast investment and trade potentials between Africa and the UK, the upcoming flights hold the promise of boosting trade, investment and tourism with ample business opportunities for investors and business people from both regions.”Sheona Southern, Managing Director of Marketing, Manchester said, “The new route connecting Manchester with Addis Ababa is a great success for Greater Manchester and for the wider North of England. This opens up Greater Manchester to visitors, business investors and students from a new continent. Greater Manchester’s growth strategy has internationalisation at its heart, and Manchester has set a clear target to become a top global city by 2035. If we’re to achieve this aim, it’s vital that we continue to increase our connections with major international hubs, increasing the opportunities for global networks to choose Manchester as a place to visit, meet, invest and study in.”Ethiopia is Africa’s second largest country by population, with its hub airport perfectly placed to provide onward connectivity, particularly to sub-Saharan countries. The new route is set to benefit 400,000 people in Manchester Airport’s extensive catchment area.
Span Suites & Villas located in North Goa on the banks of Chapora River overlooking the hills, is in the vicinity of the famous beaches such as Morjim, Anjuna, Baga and Calangute. The complex consists of 14 Villas, 33 Suites and 1 Presidential Suite. The unique thing about this place is that it provides genuine luxury with utmost privacy.As soon as you enter the luxurious suite, you will discover a lavish living room with three bedrooms along with dining area, where you can relish the finest culinary experiences with your family, friends and colleagues. The stylishly decorated rooms come with amenities like ensuite bathrooms, private living room, private dining room in each suite and villa and many more. From within the rooms and balconies, the visitors can enjoy panoramic views of the hills and the river. The retreat offers facilities and services with a perfect level of personalised service and unswerving dedications to customer care; making the property a real sanctuary for discerning MICE travellers.An aesthetically decorated banquet hall and lush green lawn with a capacity of 2,000 PAX are best suited for hosting conferences, meetings, weddings and other social events. Food and beverage are of vital importance for all meetings and events. The Villas’ Chefs thoughtfully customises catering menus that match the theme of meetings and events.Varizya, the rooftop bar offers a stunning view of the waterfront alluring guests with an enticing blend of impressive cocktails, fine liquor and delectable food Savour the local flavours and delicacies and international cuisines prepared at the multi-cuisine restaurant, Gazebo.“It’s our great honour to introduce you to our new MICE product. With a totally integrated support system providing state-of-the-art facilities serviced by a dedicated and experienced team we are driven to make your event a success,” said Naresh Khetrapal, Director, Span Suites & Villas.
McLean Mortgage Introduces RateFlex Program in Origination In Virginia, “”McLean Mortgage Corporation””:http://mcleanmortgage.com/ announced the release of its RateFlex Program, a new concept designed to aid homeowners and prospective homebuyers in today’s volatile interest rate environment.[IMAGE][COLUMN_BREAK]Under the program, borrowers purchasing a home or refinancing their loan can lock in on an interest rate, protecting them against rate increases during the application process. If market rates move down after approval, the borrower can relock at the lower rate at no charge. While a deposit is collected at application, that charge is credited at closing, the company said in a release.””Today, consumers are more savvy with regard to shopping lenders and watching the interest markets. Many wait in the hopes that rates will move lower,”” said James Nader, EVP of capital markets and operations at McLean. “”Now the consumer can lock-in a rate with confidence because they are protected against increases, but benefit if rates decrease. It is truly a win-win situation for homebuyers and homeowners.”” December 31, 2013 594 Views Share Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Mortgage Rates Service Providers 2013-12-31 Tory Barringer
Industry Group Seeks to Restore RMBS Confidence One of the enduring legacies of the mortgage crisis is the lack of standardization in the residential mortgage-backed securities (RMBS) market, particularly as they relate to warranties and repurchase enforcement mechanisms.This, at least, is the position of the Structured Finance Industry Group, which recently released its “RMBS 3.0” plan to develop standards and reduce substantive differences within current market practices, and establish generally accepted best practices as an improvement over what the group considers a slapdash set of approaches to RMBS lending in the post-crisis market.These “green papers,” as the SFIG calls them, are the opening salvo to what the group hopes will lead to a final set of white papers that set industry-accepted practices without the government stepping in, according to Richard Johns, SFIG’s executive director. “This project is about an industry recognizing its challenges and working collectively to solve those issues in a way that does not require regulatory mandate,” Johns said. Still, he added, the 3.0 plan is meant to complement the U.S. Treasury’s efforts to bring private capital back to the market.Overall, the RMBS 3.0 effort also looks to clarify differences in alternative standards in order to improve transparency across RMBS deals, develop new solutions for a sustainable, scalable, and fluid post-crisis RMBS market, and draft alternative benchmark structural approaches to the process of RMBS lending.There would, according to the green papers, be a variety of basic models for RMBS issuance involving various types of sponsors. These sponsors—regulated financial institutions, mortgage companies, investment entities set up by banks, and mortgage REITs—would include originators of mortgage loans seeking to sponsor their own securitizations, as well as those that acquire and aggregate mortgage loans from third-party originators according to their own set of acquisition guidelines.Issuers would have different levels of risk tolerance and varying internal policies, but a given framework would need to accommodate operational differences between originators and aggregators that act in the role of securitization sponsor.”A strong, effective housing finance market requires a number of well-functioning, deep sources of liquidity,” said Eric Kaplan, chair of the RMBS 3.0 Task Force. “As an industry we recognize that the current RMBS market—a critical source of financing for the overall industry—needs continued development of best practices in order to grow and fulfill its full potential in supporting the U.S. housing market.”The release of SFIG’s second edition green papers is expected in early November. August 14, 2014 439 Views Mortgage-Backed Securities RMBS Structured Finance Industry Group 2014-08-14 Scott_Morgan in Daily Dose, Headlines, News, Secondary Market Share
June 22, 2016 591 Views in Daily Dose, Government, Headlines, News Share 2016 Presidential Election Housing Policy loanDepot 2016-06-22 Seth Welborn The upcoming presidential election has not made much of the American population feel better, even when it comes to housing. In fact, Irvine, California-based loanDepot has found that one in five Americans will vote for a candidate based on his or her stance on housing and finance policies.Adding to that, nearly 36 percent of Americans think all presidential candidates are doing a bad job of articulating their housing and finance policies, and 35 percent would like to hear more from the candidates on these topics.The findings came out in a sobering report Wednesday, which showed that American citizens do indeed want housing policy to be a front-and-center issue in the race this November. Democrats in particular (56 percent) want to hear more about such policies, but so do 39 percent of Republicans and 29 percent of millennials.The top issue voters want to hear, according to the poll, is making homeownership more affordable for middle- and lower-income families. A full 37 percent of Americans and 64 percent of Democrats claimed that as the major issue. Thirty-two percent of Republicans and millennials agreed.Keeping interest rates low was another major interest among 34 percent of Americans overall, while 11 percent said that making credit more available to small business was an important consideration.“People across the nation told us they want to hear more from the presidential candidates about their housing and financial policies on issues like income, access to credit, interest rates and affordable housing,” said loanDepot Chairman and CEO Anthony Hsieh. “The candidate who does a good job in communicating their policies moving forward has an opportunity to influence millions of potential voters.”Most Americans, according to loanDepot, expect their financial situations to stay the same or get worse as a result of the upcoming presidential election. While 66 percent of likely voters don’t expect the election will impact their personal finances, 24 percent think they’ll be worse off financially. And of those who expect be worse off, 56 percent say the candidates have done a bad job of articulating their housing and financial policies.“The candidate who does a good job in communicating their policies moving forward has an opportunity to influence millions of potential voters.”Anthony Hsieh, Chairman and CEO, loanDepotOnly six percent of all voters expect to be better off as a result of the general November election.A key issue to watch, according to the survey, is what will happen with millennials, who now outnumber baby boomers as the nation’s largest living generation of consumers. The influence of this consumer set has been anticipated as a welcome boost to home sales, especially starter homes, but reality has yet to live up to the hope.While 38 percent of home loans closed by millennials in April 2016 were FHA loans, loanDepot’s survey revealed many are still discouraged about their incomes and the election’s impact on their access to credit. In fact, 36 percent of millennials say their primary financial concern is not making enough money, and 46 percent are concerned about how the elections will impact their ability to access credit. Two out of five said making homeownership more affordable to middle- and low-income Americans should be a priority for the next president’s first 100 days.“As more millennials enter the housing market, we expect to see a higher priority placed on better borrowing options for first-time homebuyers,” said Hsieh. “loanDepot is one of the five largest FHA lenders in the country and we remain focused on helping borrowers, including Millennials, access the credit they need to finance home purchases.” Will Housing Policy Determine the Next President?
Interest rates on fixed-rate mortgages have risen by approximately 75 basis points over the last eight weeks and are at a two-year high. But how much higher are they going to get?Not very much higher—at least not in 2017, according to Greg McBride, Chief Financial Analyst for Bankrate.com. The current 30-year FRM interest rate is 4.45 percent, but McBride does not expect it will get above 4.5 percent before the end of 2017. But he believes there will be some gyration between 4 and 4.5 percent during the next 12 months.“Rates jumped about three-quarters of a percentage point on the widespread perception that we’re going to get government stimulus, tax cuts, infrastructure spending, repatriation of cash, and the things that could accelerate economic growth,” McBride said. “But markets have certainly priced in what I think is a truly best-case scenario. If reality fails to match up to those expectations, markets are going to have to recalibrate.”McBride cited the “slow growth economy” as the driver behind the expected gyrating of rates between 4 and 4.5 percent this year, but it is possible that rates might dip below 4 percent at some point, which will provide more opportunities to refinance mortgage loans for homeowners that missed their chance in 2016 while rates hovered near record lows, he said.“Even if we do get all the stimulus measures that markets have priced in, this is money that’s not likely to hit the economy before 2018. So we’re undoubtedly going to have some volatility during the year,” McBride said. “If we have a market selloff or some kind of economic scare, don’t be surprised if mortgage rates move back below that 4 percent mark for a period of time.”As for the Federal Reserve’s projection that it will raise the federal funds target rate three times in 2017, McBride said he expects only two rate hikes this year. Even so, he expects the effect of the Fed’s rate hikes on mortgage rates to be minimal.“Mortgage rates often move well in advance of any action that the Federal Reserve takes. I expect that’s going to be the case again in 2017,” McBride said. “Regardless of when the Federal Reserve raises short-term rates, by the time they do so, mortgage rates will long have reflected what the outlook is from an economic standpoint, from an inflation standpoint. These rate hikes from the Fed will be well-telegraphed. They won’t be surprises. That’s why long-term interest rates will have priced that in well in advance.” Share in Daily Dose, Featured, News Predicting the Path of Mortgage Rates in 2017 Mortgage Interest Rates 2017-01-04 Seth Welborn January 4, 2017 853 Views
in News Share Default Servicing REOMAC trade association 2017-01-23 Phil Banker Anselmo Partner Joins REOMAC Board January 23, 2017 589 Views Anselmo Lindberg Oliver LLC announced Friday partner that Thomas Anselmo formally joined the Board of Directors for REOMAC, a non-profit trade association serving the mortgage default servicing industry in America.The organization supports the success of individuals and companies in the default services industry by providing a forum for peer-to-peer networking, an environment for sharing industry best practices, and access to qualified, educated service providers.“It’s truly an honor to be elected as a member of the board of directors for this esteemed organization,” Anselmo said. “Our firm has always been dedicated to supporting and uplifting our industry peers, and being a more formal part of REOMAC gives me an unprecedented opportunity to further that support to make a broader impact.”Founded in 1985 in California, REOMAC began as a forum for lenders with REO assets to share best practices with their peers. Since then, it has evolved into a nationwide resource for those in the REO and default industry, providing members with educational and networking opportunities. The association’s foundation arm also fosters educational advancement through scholarships.Anselmo Lindberg Oliver is a real estate, default and estate planning law firm serving the greater Chicagoland area headquartered in Naperville, Illinois. They have additional offices in Oak Brook, Illinois, Indiana, Ohio, Kentucky, and Michigan. Anselmo Lindberg Oliver is also a member of Legal League 100.
February 22, 2018 657 Views in Daily Dose, Featured, News, Origination 30-Year Fixed Mortgage Rates Buyers Freddie Mac Home Homebuyer Homebuying homeowners HOUSING mortgage Mortgage Rates Realtor.com Treasury valueinsured 2018-02-22 Radhika Ojha Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey released on Thursday. The survey indicated that 30-year fixed mortgage averaged 4.40 during the week, up from 4.38 percent last week. “Mortgage rates have followed U.S. Treasurys higher in anticipation of higher rates of inflation and further monetary tightening by the Federal Reserve. Following the close of our survey, the release of the FOMC minutes for February 21, 2018, sent the 10-year Treasury above 2.9 percent. If those increases stick, we will likely see mortgage rates continue to trend higher,” said Len Kiefer, Deputy Chief Economist at Freddie Mac.How will these rate increases affect the upcoming home buying season? “Recent rate jumps are setting up another wild spring home buying season, dominated by the survival of the fittest,” said Javier Vivas, Director of Economic Research for Realtor.com. “As rates continue to increase, those with larger down payments and better credit will succeed in entering the market, while many more will continue to be priced out.”While rising rates will provide cause for some anxiety among buyers, according to ValueInsured’s latest quarterly Modern Homebuyer Survey, non-homeowners who wish to buy in the next three years report to have a lower awareness of upcoming rate hikes, or are more optimistic that a rate hike may not happen. The survey found only 57 percent of non-homeowners who wish to buy soon expect more interest rate hikes by the Fed in 2018. Among millennial first-time homebuyers, less than half (48 percent) expected more Fed rate hikes in 2018.Most homeowners believe that low mortgage rates are a thing of the past. The ValueInsured survey indicated that 72 percent of existing homeowners believed the era of historically low rates and affordable mortgages was coming to an end. This sentiment was particularly acute among homeowners of expensive homes, with 95 percent of those who reported owning a home valued at $1 million or more expecting the end of low mortgage rates in their lifetime.These statistics not only highlight the need to educate first-time homebuyers but also point to the fact that despite rising mortgage rates, demand for homes remains high. “While rising rates provoke buyer anxiety and decrease affordability, the desire to purchase a home is driven by income and family changes and will likely remain untouched by rising mortgage rates,” Vivas said. Will Rising Mortgage Rates Ruin the Homebuying Season? Share
Share McMichael Taylor Gray Appoints J. Pamela Price Foreclosure Legal League 100 McMichael Taylor Gray REO 2019-06-20 Radhika Ojha in Headlines, News, REO June 20, 2019 279 Views McMichael Taylor Gray, LLC (MTG) has hired J. Pamela Price as Managing Attorney of South Carolina. She brings with her nearly 30 years of experience representing creditors, mortgage bankers, investors, banks and credit unions with her legal expertise.Price has practiced in the area of real estate transactions, including purchases, refinances, equity lines, construction loans, and foreclosures since 1990. Additionally, she has written title insurance, as an agent, for several major title companies, including Chicago Title, Investors Title, Old Republic National Title Insurance Company, and others.The firm said that Price has been a member of the South Carolina Bar Publications Committee since 1990 and is also versed in wills, trusts, and estates.“We’re very excited to have Pamela on board. Her depth of experience, knowledge, and management capabilities will complement our team of seasoned executives,” said January Taylor, Managing Partner at McMichael Taylor Gray.Headquartered in Georgia, MTG serves its clients through every stage of the default process and in all matters associated with non-performing real and personal property collateral. The firm’s clients include banks, credit unions, private investors, and institutional investors. MTG is a Legal League 100 member providing services in the areas of foreclosures, bankruptcy, litigation, eviction, title and REO, and loss mitigation.
Canada: BC cherry exports could still be significa … October 26 , 2018 You might also be interested in Northwest Cherry Growers says that “incredible quality” and a quick start to the campaign helped the industry during the 2018 season, which saw some challenges on the export side due to several rounds of international tariffs.The industry shipped 25.3 million 20-pound equivalent boxes of fruit this year, only slightly lower than last year’s record of 26.4 million boxes.In a season review, the grower association said that low California supplies had put “enormous pressure” on the Northwest crop at the beginning of the campaign.The year-on-year deficit of fresh cherries on the market stoked worldwide demand, it said, quickly exceeding the region’s daily supply and leading to “market confusion and challenges for many retailers and distributors.””Thankfully, harvest officially began with shipments on the 1st of June,” said NW Cherry Growers.”The crop picked up speed quickly, reaching an average shipping rate of 357,000 boxes per day for the month. Thanks in part to another week of shipping due to the earlier start, the 2018 season saw 3 million more boxes in June than 2017’s record crop.”Demand remained high going into July, the association said, with ample fruit available in the important run-up to the Fourth of July holidays.The U.S. market absorbed 17 million boxes of fruit this season. Retailers advertised Northwest cherries more than any other fruit for four weeks straight, keeping them in the top three advertised fruits nationwide for a seven-week stretch.With exports to China affected by the two rounds of additional tariffs on U.S. cherries, Canada regained its position as the Northwest’s largest export market, even exceeding last year’s volume on a smaller crop.Increased tariffs for the Chinese marketThe association explained that overall, demand for Northwest cherries remained strong throughout the season despite the Chinese market challenges.”Incredible fruit quality along with outstanding demand in the U.S. and other export markets carried the season in 2018,” it said.”However, losing a significant portion of our traditional market in China, 3.2 million boxes in 2017 vs. only 1.6 million boxes in 2018, was a blow to the Northwest cherry industry that resulted in lost sales and downward price pressure across all markets.”Before the 15% tariff handed down by the Chinese Government in April, U.S. cherries were already charged a 10% import duty plus 13% value-added tax, bringing the total to 38%.”In correlation, the tariff also forced Chinese importers to demand lower sales prices on Northwest cherries,” NW Cherry Growers said.By July 1, Northwest cherry shipments to China were at just over one million boxes – one-third of last year’s total. Then trade war escalated on July 6 when China levied another 25% tariff, through with a cap at 50%.”None-the-less, a 50% tariff plus the existing 13% value-added tax slowed the market,” it said.”They were soon joined by a final measure which required Chinese importers to make large deposits to their governments on all imported U.S. cherries. “By then, most importers chose to avoid the risk of importing our perishable crop and shipments ground to a standstill.” Argentine cherry industry set for bright future …
The U.S. case count in the North American E.coli outbreak linked to California-grown romaine lettuce has now risen to 52 people across 15 states, including 15 hospitalizations.In addition, 27 ill people have been identified in Canada related to the same outbreak, according to the country’s Public Health Agency.No deaths have been reported from either country.The U.S. Centers for Disease Control (CDC) is advising that consumers not eat any romaine lettuce from the Central Coastal growing regions of northern and central California.The countries that are included in the investigation are Monterey, San Benito, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura.The Food and Drug Administration said in a Dec. 6 update that traceback information from four restaurants in three different states so far has implicated 10 different distributors, 12 different growers, and 11 different farms as potential sources of the contaminated lettuce.”The information indicates that the outbreak cannot be explained by a single farm, grower, harvester, or distributor,” it said.Markets including Japan and Hong Kong have halted the entry of U.S.-grown lettuce as a precaution. December 07 , 2018 You might also be interested in Perishable Pundit: The words that can’t be spoken …