Amadeus strongly outperformed the industry during the first half, increasing global air travel agency bookings by 10.0% against an industry increase of 4.9%. This was mostly due to a market share gain of 1.9 p.p. in global air travel agency bookings. This in turn was due in large part to the migration of the travel agencies previously connected to Topas in South Korea, but also supported by continued market share gains in North America. To read more of the report click hereSource = Amadeus Amadeus continues growth track record with strong first halfAmadeus IT Holding, S.A., a leading technology partner for the global travel industry, reports year-on-year financial and operating results for the first half of 2015 (six months ended June 30, 2015). Adjusted profit for the period grew 10.3% to €419.6 million. This was driven by an increase in revenue of 14.2%, to €1,976.8 million, and EBITDA growth of 10.8%, to €778.8 million.Luis Maroto, President & CEO of Amadeus, commented:¨Amadeus has maintained its track record for growth in both revenues and profitability through a combination of market share expansion and growth in its businesses.¨Distribution delivered strong revenue growth of 11.3% through a 1.9p.p. increase in global market share of air travel agency bookings. IT Solutions continued its track record for double-digit growth with a revenue increase of 22.3%, with Asia-Pacific remaining the driving force.¨Our solid business model and our strong cash-flow generation have allowed us to make strategic acquisitions. Early in July we announced an agreement to acquire Navitaire, subject to approval by regulators, that once completed will give Amadeus a strong position in IT solutions for the low-cost carriers market. Following that, we also announced plans to acquire Netherlands-based Itesso BV, a provider of cloud-native property management systems (PMS) for hotels. Whilst earlier in the year we accelerated our growth in the Airport IT space with the acquisition of Air-Transport IT Services Inc. (AirIT), a leading company in the segment, with a portfolio of solutions used by 30 of the busiest 50 airports in the US. We look forward with confidence to the remainder of the year.¨Consolidated net financial debt stood at €1,645.5 million at June 30, 2015, representing 1.19x the ratio of covenant net debt to the last twelve months’ covenant EBITDA.An appreciation of the US dollar versus the Euro relative to 2014 contributed a positive foreign exchange impact on the revenue and EBITDA of Amadeus during the first half of 2015; conversely, the same impact reduced the EBITDA margin.On May 12 we completed our share buy-back programme announced in December 2014, in total investing €320m (including fees) and repurchasing 8,759,444 shares (representing 1.957% of share capital). Following this, at the General Shareholders Meeting on June 25, shareholders approved the reduction in share capital through the amortisation of the repurchased shares.Also at the General Shareholders Meeting on June 25, shareholders approved a gross dividend of €0.70 per share for the results from the 2014 financial year. This represented a 50% pay-out ratio and amounted to a total dividend of €313.3 million, which was 12% higher than the dividend for the 2013 financial year.
Sydney ranks highest for Australian tourist attractions on social mediaFresh data from iVenture Card states that you’re more likely to publish a photo of Bondi Beach on social media over any other attraction in Australia.Data boffins ran the numbers to find out which of the top 100 attractions and landmarks in Australia lived up to their hype in the sightseeing manuals by calculating how often people posted about them on social media. An examination into the total number of hashtags on Instagram by the public since the platform launched was carried out.The results shone alight on lots of juicy stats about tourist hotspots that performed well and those that didn’t. Here’s a summary of the results from the iVenture Card study:Regional Stats for Social Media LandmarksThere are over 800,000 tagged photos of Bondi Beach, making it the most talked about Australian attraction on social media. The Great Ocean Road was the second highest, which racked up just over 650,000 tags. A close third was the Blue Mountains.In fact, New South Wales dominates the list of most popular attractions by a landslide – seven of the top 10 attractions on social media can be found here, including the likes of Sydney Opera House (433k), Darling Harbour (370k), Sydney Harbour Bridge (302k), and Manly Beach (228k).In Victoria, Yarra River (124k), Melbourne Zoo (93k) and St Kilda Beach (87k) also made the top 20. Even when combined, they total less than half of the posts tagged for Great Ocean Road.Two major places of interest represent Queensland: Great Barrier Reef and Whitsundays which account for almost 800,000 social tags to date. Other notable landmarks on social media are Broadbeach (144k) and Burleigh Heads (128k).The west coast tourist attractions that featured in the top 20 are: Kings Park (157k), Rottnest Island (112k) and Swan Valley (77k). It comes as no surprise that Perth attractions make the list due to their high volume of annual tourism. Rottnest has made just as big an impact on social media despite claiming only 600,000k visitors per year.South Australia’s Barossa Valley (77k) and Adelaide Oval (60k) also made the list as did Cradle Mountain (62k) and Mount Wellington (27k) of Tasmania. Neither one of the above attractions made the top 20 list.It may be argued that the most surprising absentee within the top performers is Uluru, otherwise known to tourists as Ayers Rock. There are currently over 72,000 Instagram hashtags for this spiritual haven and monumental natural landmark. Visits have declined rapidly over the course of ten years although the jewel of the Red Centre remains one of the most iconic images in travel. iVenture CardSource = iVenture Card
Swiss International Air Lines (SWISS) is serving over 100 destinations in 43 countries from Zurich and Geneva and carrying some 16.5 million passengers a year with its 91-aircraft fleet.SWISS transported 1,434,678 passengers in May 2017 which results in a 0.4% increase on the same month last year. A total of 12,201 flights were operated for the period, 4.7% fewer than in May 2016.Total May capacity, measured in available passenger-kilometres (APKs), was up 3.8% on its prior-year level. Total traffic volume, measured in revenue passenger kilometres (RPKs), was raised 5.0%. Systemwide seat load factor for the month improved accordingly, rising 0.8% points to 80.8%.
Consumer credit directly impacts the lending environment, and a recent report reveals that American borrowers are on the rebound. [IMAGE]The consumer survey from “”CreditForecast.com””:www.creditforecast.com/, a joint effort between “”Equifax””:www.equifax.com/ and “”Moody’s Analytics””:www.moodyskmv.com/, predicts the continuation of steady economic growth among all major sectors during the year ahead.Numbers from the mortgage lending portion of the study showed that outstanding balances on home mortgages have declined by $1 trillion since 2008. Additionally, the data demonstrated that a continued drop is likely. [COLUMN_BREAK]In less favorable news, however, originations are not improving as significantly as hoped as a result of the all-time low mortgage rates. While refinance shares are on the uptick, tighter lending guidelines are keeping new loan volume low, and CreditForecast.com notes that around 80 percent of all new mortgage originations are being made in the prime risks segment.General consumer lending totals are headed down, and the report displayed increasing reductions in overall debt. Consumer balances decreased by $187.8 billion off of 2009 numbers. The survey noted that credit “”more appropriately matches consumer wealth and income levels today,”” and the results also indicated a 41 percent rise in credit card inquiries since recession lows. According to CreditForecast.com, new bank credit card accounts hit 10 million during 2011, which marks the first time the benchmark has been reached since 2008.Commenting on the findings, Equifax’s chief economist, Amy Crews Cutts, said, “”After spending recent years in the financial doldrums, U.S. consumers are poised to make a comeback in 2012. The most promise we have seen has primarily been within the consumer spending and auto financing sector, while the housing market continues to see incremental progress towards gaining traction in the coming months.”” CreditForecast.com Reveals Positive Predictions Share March 7, 2012 426 Views Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Moody’s Analytics Processing Service Providers 2012-03-07 Abby Gregory in Data, Government, Origination, Secondary Market, Servicing, Technology
October 29, 2012 433 Views in Data, Government, Origination, Secondary Market, Servicing Share Data from “”CoreLogic””:http://www.corelogic.com/ shows nearly 284,000 properties (representing almost $88 billion) located in the coastal Mid-Atlantic states may be at risk of storm-surge damage from Hurricane Sandy.[IMAGE]Based on early projections of Sandy’s path, eight major metro areas in the Mid-Atlantic region–including New York, Philadelphia, and Boston–are at risk. More than 238,000 total properties valued at nearly $75 billion stand at risk in those cities alone, CoreLogic says.CoreLogic explained that storm surges occur when water gathers inside a cyclonic storm–a hurricane, for example–and is pushed along the front of the storm by high winds. Because storm-surge inundation is classified as a separate hazard from typical fresh-water flooding, many homeowners located outside of designated flood hazard zones don’t realize they’re at risk of storm-surge damage, CoreLogic says. Historically, these homeowners refrain from buying flood insurance.To make matters worse, there is little that can be done to prevent or lessen storm-surge damage.””Wind damage to structures from hurricanes can be greatly reduced through homeowner mitigation efforts, and enhancements can be made to building codes in hurricane wind-prone areas. But on the contrary, mitigation efforts can often be almost useless against the impact of storm surge,”” the company said in its “”2012 Storm Surge report””:http://www.corelogic.com/about-us/researchtrends/asset_upload_file227_15276.pdf.Going beyond Sandy’s impact, total storm surge risk in the United States stands at more than four million properties, with more than a quarter of that total classified in the “”Extreme”” risk category. Those properties most at risk are valued at more than $222 billion, according to CoreLogic’s estimated property values. Agents & Brokers Attorneys & Title Companies CoreLogic Investors Lenders & Servicers Processing Service Providers 2012-10-29 Tory Barringer Underwater,Hurricane Sandy Storm-Surge Risk Estimated at $88B
November 19, 2013 561 Views in Secondary Market Share “”JPMorgan Chase””:http://www.jpmorganchase.com has struck a deal with the U.S. Department of Justice to resolve civil claims from both federal and state officials over residential mortgage-backed securities (RMBS) issued prior to January 1, 2009, by the bank and two financial institutions it acquired in 2008├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô-Bear Stearns and Washington Mutual.[IMAGE]The $13 billion settlement is the largest in American history between the U.S. government and a single entity.Under the agreement reached, JPMorgan will pay $9 billion in restitution and provide an additional $4 billion in relief for homeowners at risk of foreclosure and communities impacted by the housing crisis. Federal officials say the relief funding could benefit more than 100,000 borrowers. According to JPMorgan, the cash portion of the settlement payment consists of a $2 billion civil monetary penalty and $7 billion in compensatory payments, including a previously announced $4 billion payment to resolve litigation “”claims from the Federal Housing Finance Agency””:https://themreport.com/articles/jpmorgan-fhfa-settle-on-51b-deal-over-soured-loans-2013-10-28. Borrower relief will be in the form of principal reduction, forbearance, and other direct benefits from various relief programs, the bank explained. JPMorgan Chase has committed to complete delivery of the promised relief to borrowers before the end of 2017.The settlement was negotiated through the Residential Mortgage-Backed Securities Working Group, a joint state and federal unit formed in 2012 by President Obama to investigate wrongdoing within the mortgage-backed securities market that helped to trigger, contribute to, or exacerbate the U.S. financial crisis.[COLUMN_BREAK]””New York Attorney General Eric T. Schneiderman””:http://www.ag.ny.gov/ co-chairs the RMBS Working Group. Tuesday’s settlement comes 13 months after Schneiderman sued JPMorgan for fraudulent RMBS packaged and sold by Bear Stearns before it was acquired by JPMorgan at the behest of government officials at the Federal Reserve, FDIC, and U.S. Treasury. In announcing the unprecedented settlement, Schneiderman said, “”Since my first day in office, I have insisted that there must be accountability for the misconduct that led to the crash of the housing market and the collapse of the American economy. This historic deal … is exactly what our working group was created to do.””He continued, “”We refused to allow systemic frauds that harmed so many New York homeowners and investors to simply be forgotten, and as a result we’ve won a major victory today in the fight to hold those who caused the financial crisis accountable.””Separately, the “”FDIC””:http://www.fdic.gov announced Tuesday that it also reached a settlement with JPMorgan Chase and its affiliates in relation to the failure of six banks. The FDIC, acting as receiver for the failed institutions, says misrepresentations where made in the offering documents for 40 RMBS purchased by the now-defunct banks. JPMorgan agreed to pay $515.4 million, which will be distributed among the receiverships for the failed Citizens National Bank (failed May 22, 2009), Strategic Capital Bank (May 22, 2009), Colonial Bank (August 14, 2009), Guaranty Bank (August 21, 2009), Irwin Union Bank and Trust Company (September 18, 2009), and United Western Bank (January 21, 2011).From May 2012 to September 2012, the FDIC as receiver for five of the failed banks filed 10 lawsuits against JPMorgan, its affiliates, and other defendants for violations of federal and state securities laws in connection with the sale of RMBS.As part of the global settlement reached, JPMorgan acknowledged it made serious, material misrepresentations to the public–including the investing public–about numerous RMBS transactions, according to a statement on the New York attorney general’s website.JPMorgan Chase says it is fully reserved for this settlement. JPMorgan, Feds Reach Record $13B Deal on RMBS Claims Agents & Brokers Attorneys & Title Companies Fannie Mae FDIC FHFA Freddie Mac Investors JPMorgan Chase Justice Department Lenders & Servicers Mortgage-Backed Securities RMBS Service Providers 2013-11-19 Carrie Bay
January 24, 2014 431 Views in Data Nearly Three-Quarters of Homeowners Thinking of Selling in 2014 Agents & Brokers Attorneys & Title Companies Demand Home Prices Home Values Investors Lenders & Servicers LendingTree Service Providers 2014-01-24 Tory Barringer A recent survey of current and potential homeowners shows the majority have a bright outlook on the nation’s housing market and economy for 2014–which may translate to a more active market.[IMAGE]””LendingTree””:https://www.lendingtree.com/#_blank released recently the results of an online survey conducted near the end of the last year. The survey collected responses from 609 individuals who either currently own a home or are considering purchasing in the next year.According to the findings, more than two-thirds–69 percent–of respondents have a positive outlook on housing this year, and 63 percent hold a similar view for the economy at large.With hopes this high, 71 percent of respondents said they are considering selling their home in 2014.””As home values continue to improve across the country, sellers who have been sidelined due to low property values will start to take action in the market,”” said Doug Lebda, founder and CEO of LendingTree. “”Although it’s unlikely that 70 percent of current homeowners will sell this year, it’s a positive sign for the housing market that more homeowners are considering the possibility of moving.””According to the survey, 72 percent of respondents said home prices in their area increased throughout 2013, while 20 percent said values were down, and 8 percent said they were flat.In areas where home values were said to have increased, prices rose an average of 10.2 percent; among those areas where respondents said values fell, the average decrease was believed to be 9.2 percent.The most recent “”Case-Shiller””:https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/71337_cshomeprice-release-1231.pdf?force_download=true home price data shows prices in the nation’s 20 biggest markets were up an average 13.6 percent year-over-year as of October.While those kinds of gains may discourage potential homebuyers as affordability slips, they’ll be necessary to draw sellers in: Of the 71 percent of homeowners who are thinking about selling this year, 47 percent said they plan to sell if they see an increase in their home value. Only 24 percent said they would sell regardless. Share Share
February 13, 2014 420 Views Share “”Caliber Home Loans, Inc.””:https://www.caliberhomeloans.com/Default.aspx, named Jim Foley as regional VP for the Maryland, Virginia, and Washington, D.C., territories.Foley has nearly three decades of experience in mortgage lending and has held leadership positions with several premier mortgage lenders in the D.C. metro area, according to Caliber’s announcement.””Mortgage lenders today are faced with a series of major concerns, including compressed margins, high commissions and the cost to comply with new regulations,”” Foley said. “”I chose to join Caliber Home Loans because I strongly believe Caliber’s retail model is the future of mortgage lending.””I am excited to join the Caliber team and I look forward to the opportunity to build upon Caliber Home Loans’ presence in the Washington Metropolitan area,”” he added.[COLUMN_BREAK][IMAGE] Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2014-02-13 Tory Barringer New,Caliber Hires Regional VP for D.C. Metro Area in Data, Government, Origination, Secondary Market, Servicing
New York Commercial Services Center Senior Underwriting Counsel Stewart Title VP 2016-01-10 Staff Writer Stewart Title has promoted Stefanie Lally-Ardrey from Associate Senior Underwriting Counsel to VP, Senior Underwriting Counsel, serving in Stewart’s New York Commercial Services Center.In her new role, she will assists customers with their local, national, and cross-border commercial real estate transactions.Lally-Ardrey has over 14 years’ industry experience and previously served as a Real Estate Counsel in a private practice in New York City. In addition she served as a National Underwriting Counsel for Title Associates, a division of Stewart Title Insurance Company, for 10 years before taking the Associate Senior Underwriting Counsel position with Stewart Title Guaranty Company Commercial Services in early 2015.“Stefanie has a long history at Stewart, and has proven herself to be a tremendous asset to the organization,” said Chris Lawrence, senior vice president, senior underwriting counsel and manager. “Her specialties in multi-state, high-liability commercial transactions will greatly benefit the internal team, our trusted industry partners and ultimately our clients.”Lally-Ardrey received her B.A. from Columbia University, her J.D. from the University of Chicago Law School and a master’s degree of international affairs from the Columbia School of International and Public Affairs. She is admitted to the New York State Bar Association. January 10, 2016 626 Views in Headlines, News Stewart Title Names VP, Senior Underwriting Counsel in the New York Commercial Services Center Share
Homebuyers overcame one of the housing market’s biggest obstacles—an imbalance in supply and demand— in March with a rebound in home sales.The National Association of Realtors (NAR) reported Wednesday that existing-home sales rose 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February and 1.5 percent year-over-year.”Closings came back in force last month as a greater number of buyers – mostly in the Northeast and Midwest–overcame depressed inventory levels and steady price growth to close on a home,” said Lawrence Yun, NAR Chief Economist. “Buyer demand remains sturdy in most areas this spring and the mid-priced market is doing quite well. However, sales are softer both at the very low and very high ends of the market because of supply limitations and affordability pressures.”Source: National Association of Home BuildersExisting-home sales suffered in February due to the continuous imbalance of extremely low inventory levels and rapid home price appreciation. The NAR reported that existing-home sales fell in February 2016 after reaching the highest annual rate in six months last month.The report found that existing-home sales decreased 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February from 5.47 million in January. However, the report noted that despite last month’s large decline, sales remain 2.2 percent higher than a year ago.”The lull in contract signings in January from the large East Coast blizzard, along with the slump in the stock market, may have played a role in February’s lack of closings,” Yun explained. “However, the main issue continues to be a supply and affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”According to NAR, the median existing-home price for all housing types in March was $222,700, up 5.7 percent from $210,700 in March 2015. This marks the 49th consecutive month of year-over-year gains.Inventory rose 5.9 percent to 1.98 million existing homes available for sale in March, but is still 1.5 percent lower than a year ago when inventory stood at 2.01 million, the report showed. Unsold inventory is at a 4.5-month supply at the current sales pace, up from 4.4 months in February.”The choppiness in sales activity so far this year is directly related to the unevenness in the rate of new listings coming onto the market to replace what is, for the most part, being sold rather quickly,” Yun noted. “Additionally, a segment of would-be buyers at the upper end of the market appear to have been spooked by January’s stock market correction.”Despite the uptick in existing-home sales, the share of first-time buyers was unchanged from February and a year ago at 30 percent, according to NAR.”With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now,” Yun stated. “Unfortunately, the same underlying deterrents impacting their ability to buy haven’t subsided so far in 2016. Affordability and the low availability of starter homes is still a major barrier for them in most markets.” April 20, 2016 603 Views Existing Sales Conquer Supply Troubles in Daily Dose, Data, Headlines, News, Origination Share Existing-Home Sales Inventory NAR National Association of Realtors 2016-04-20 Staff Writer
Share in Daily Dose, Data, Featured, News March 1, 2018 830 Views Building Costs Construction Home Prices HOUSING Inventory New Homes Single-Family Homes Supply 2018-03-01 Radhika Ojha The high cost of construction, labor shortages, and regulatory costs are just some of the factors that are keeping builders from making new homes, leading to a shortage of inventory that has caused concern among homebuyers as prices rise.Even though the number of newly constructed homes showed a slight increase towards the end of 2017 according to a study by online real estate brokerage firm Redfin released on Thursday, these supply shortages are likely to continue. The study found that 16.4 percent of all single-family homes for sale were for newly constructed homes in Q42017, showing an increase from 14.2 percent in the same quarter in the prior year. According to the analysis, the median price of new single-family homes that sold during the quarter was $377,800, up 1.6 percent on a year-over-year basis. Compared with existing homes, new construction sold at an average premium of $86,400 during the quarter, while existing home prices rose 7.3 percent year over year. Rising construction costs are one of the key factors behind the spiraling prices for new homes, the study found. The estimated labor and materials cost of constructing a single-family home increased 1.2 percent on an annual basis in the fourth quarter to $244,000, the highest level since the Census Bureau began reporting it in 1988.“New homes are more expensive than existing homes, and their prices tend to grow at a slower rate,” said Nela Richardson, Chief Economist at Redfin. “However, new homes’ slower price growth belies their advantage to buyers in the hottest markets. Buyers in these highly competitive markets have been attracted to new construction as a way to avoid bidding wars. They often find it’s easier to negotiate with a single builder than to compete with several buyers and negotiate with a traditional seller.”Thus, despite record-high construction costs, housing starts rose to 1.3 million in January according to the latest Census Bureau data. Construction spends too had inched up slightly to $523 billion in January, a 0.3 percent rise over December 2017, according to the latest Census Bureau data on Construction Spends in Residential Housing that was released on Thursday.To read the complete analysis click here. Inventory’s Low, So Why Aren’t More Homes Being Built?
Pleasanton, California-based Ellie Mae, which provides a cloud-based analytics platform for the mortgage industry, announced that its platform, Velocify, was recognized with a LeadsCouncil LEADER award for outstanding performance and innovation in the lead generation industry. Velocify is the recipient of one of only six coveted accolades awarded annually by the LeadsCouncil organization, the company said in a statement.The LeadsCouncil LEADER Awards are the online lead generation industry’s first and only independent award program designed to acknowledge outstanding lead generation and lead technology companies.“It’s incredibly humbling for Velocify to be recognized by LeadsCouncil and our industry peers for being a top innovator,” said Nick Hedges, SVP, Consumer Engagement Strategy at Ellie Mae. “With Ellie Mae, we’re continuing our commitment to innovation and launching initiatives like enriched text messaging in LeadManager to better mobilize sales organizations and give them the tools they need to provide a winning consumer engagement experience.”Ellie Mae has also unveiled a completely redesigned Velocify LeadManager SMS texting functionality that provides a seamless and simple way to send automated and individual texts to mobile phones from within the solution.Velocify LeadManager SMS texting empowers sales professionals with the combined strength of integrated individual and bulk messaging and the administrative controls needed to engage prospects and customers on their mobile phones quickly, easily, and in a legally compliant way.“With the enriched texting functionality in Velocify LeadManager, sales organizations can boost engagement, drive quicker decisions, and improve conversions by intelligently and respectfully weaving text messaging into the sales process,” Hedges said. “No other technology delivers such powerful mobile communications integrated into a centralized lead management solution.”Velocify LeadManager SMS texting unlocks a better prospect experience by integrating and synchronizing text with other communication channels while giving organizations a better way to ensure compliance and standards are followed. in News, Technology Ellie Mae’s Velocify Platform Wins LeadsCouncil Leader Award Share March 11, 2018 603 Views Ellie Mae financial services industry mortgage platform technology 2018-03-11 Radhika Ojha
Radian Unites ValuAmerica Under Family of Companies Radian Group Inc., headquartered in Philadelphia, announced that ValuAmerica, a Radian subsidiary offering settlement and appraisal products and services, has been renamed Radian Settlement Services Inc. The name change follows the debut of Radian’s new brand identity in October. At that time, Radian also announced its plan to unite all of its subsidiaries under its new brand.“Changing ValuAmerica to Radian Settlement Services is a key next step in Radian’s evolution as a broad spectrum solutions provider to the mortgage and real estate industries,” noted Rick Thornberry, Radian CEO. “With every integration, we further strengthen our company and enhance our ability to deliver more of what our customers need to successfully manage and transact risk across the mortgage and real estate spectrum.”Radian currently operates as a family of companies that includes Radian Guaranty, Radian Reinsurance, Clayton Holdings, Green River Capital, EnTitle Insurance Company, Red Bell Real Estate, LLC, Independent Settlement Services and the former ValuAmerica, now known as Radian Settlement Services.“The need for efficiency and the demand for speed has never been greater than it is today in the title industry,” noted Eric Ray, Senior EVP, Technology and Transaction Services. “Through Radian Settlement Services, we are in a unique position to leverage expertise, technology and data across all of our businesses in order to deliver value driven solutions for our customers.”Collectively, Radian offers a full range of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing support, and custom insurance products for investors seeking to participate in emerging risk-sharing opportunities. Appraisal Clayton Holdings EnTitle Insurance Company Eric Ray Green River Capital HOUSING Independent Settlement Services mortgage Radian Radian Guaranty Radian Reinsurance Radian Settlement Services Red Bell Real Estate Rick Thornberry Valu America 2018-11-16 Rachel Williams November 16, 2018 708 Views Share in Headlines, Media, News, Technology
January 29, 2019 812 Views The latest results for the S&P CoreLogic Case-Shiller Indices for November 2018, released on Tuesday shows that the rate of home price increases across the U.S. has continued to slow.“Home prices are still rising, but more slowly than in recent months,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. He indicated that the pace of prices is “being dampened by declining sales of existing homes and weaker affordability.” On a year-over-year, the Indice covering all nine U.S. census divisions, revealed a 5.2 percent annual gain in November, down from 5.3 percent in the previous month. The 10-city composite annual increase is at 4.3 percent, dropping from 4.7 percent in the previous month. On the other hand, the 20-city composite reflected a 4.7 percent year-over-year gain, a decline from 5 percent in October 2018. Sharing her insight on the release, Danielle Hale, Chief Economist at Realtor.com said, “Prices increased from a year ago but at a slower pace than we saw in October. Again, the hottest markets were out west. The Washington DC market reposted the slowest growth, with prices up only 2.7 percent there.”“Slower price growth will help would-be buyers feel like their goal isn’t moving away faster than they can catch up. Against incomes rising at a roughly three percent pace, four percent home price growth is nearly at just the right pace,” she added. Among the 20 cities, Las Vegas, Phoenix, and Seattle reported the highest year-over-year gains. Las Vegas led the charge with a 12 percent year-over-year price increase, followed by Phoenix at 8.1percent, and Seattle with a 6.3 percent. According to S&P, seven of the 20 cities reported greater price increases in the year ending November 2018 as compared to October 2018.When asked why price growth continues to slow, Dr. Ralph B. McLaughlin, Deputy Chief Economist and Executive of Research and Insights at CoreLogic, said, “A combination of cyclical and short-term factors put a damper on home-price growth in November. On the cyclical side, a maturing economic expansion set a low ceiling for continued price growth, especially given recent challenges in affordability and inventory.”On a monthly basis before seasonal adjustment, the National Index posted a gain of 0.1 percent in November. Both the 10-City and 20-City composites reflected a decline of 0.1percent for the month.“Current low inventories of homes for sale – about a four-month supply – are supporting home prices. New home construction trends, like sales of existing homes, peaked in late 2017 and are flat to down since then. Stable 2 percent inflation, continued employment growth, and rising wages are all favorable. Measures of consumer debt and debt service do not suggest any immediate problems,” Blitzer said. Read the full report here. Affordability CoreLogic Danielle Hale David M. Blitzer Dr. Ralph B. McLaughlin Home Prices Realtor.com S&P CoreLogic Case-Shiller 2019-01-29 Donna Joseph in Daily Dose, Featured, Market Studies, News Share Home Prices: Slower Growth, Regional Gains
2019 Housing Market california Millennials 2019-06-03 Mike Albanese California Housing Market Driving Millennials Back to Parents’ Doorsteps June 3, 2019 1,159 Views More millennials are moving back in with their parents in the San Francisco and San Jose, California, areas, according to a report by The Mercury News. More than a fifth of millennials (ages 23-37) lived with their parents in 2017, according to information from Zillow and U.S. Census Data.The report states that the number of millennials returning to live at home has increased 65% in San Francisco and 56% in San Jose since 2005.“Millennials are facing a double-whammy,” said Matt Regan, a housing and public policy expert for the Bay Area Council. “They are behind a couple of eight balls. They are living through one of the biggest housing crises in history while saddled with the biggest student loans in history. They are often at the bottom of the income ladder and they are getting forced out of the region or moving back to their old rooms at home.”Affordability remains in issue in the Golden State, as a report last month from Trulia found that California had four of the five priciest metros in the nation: San Francisco, San Jose, Los Angeles and San Diego.The report stated that San Diego, which has a median home value of $569,700 and median income of $75,110, has only 8% of its zip codes with 100% of homes considered affordable.While millennials struggle in California, the rest of the nation is reporting a sense of urgency, and priority from millennials, to get into the housing market. A survey from SunTrust last month stated that among more than 2,000 U.S. adults, nearly half of millennials (48%) who have been married say they, or their spouse, owned a home prior to marriage, compared to 35% of baby boomers (ages 55-73). “People are choosing from many different paths and reaching common life milestones at a wider age span than before, changing when they decide to purchase a home,” said Sherry Graziano, Mortgage Transformation Officer at SunTrust.SunTrust also found an increasing number of couples are entering marriage with both individuals owning a home. The survey stated that 25% of unmarried women and 21% of unmarried men said they would prefer to sell both residences and buy a new one after marriage. Share in Daily Dose, Data, Featured, News
February 06 , 2019 It highlighted that the outcome of Brexit remains unknown, with the Mach 29 deadline fast approaching, while at the same time a trade embargo in Russia as well as the Mediterranean basin and other market access challenges have led to “complexity in market diversification”. “A new wave of unilateralism and protectionism around the world are further contributing to an unpredictable trading environment that is increasingly complex to navigate for businesses,” it said.”Waiting for conditions to return to normal however can lead to missed opportunities. Despite this complex trading environment the sector still needs to stimulate consumption on the European market.”European daily intake levels remain below the minimum level recommended by the World Health Organisation of 400g of fresh fruit and vegetables per day. Accordingly in 2018 Freshfel led a European Commission Thematic Network, creating a Joint Statement with other stakeholders comprising of 43 policy recommendations for all actors in society on how to stimulate consumption across Europe.Additionally this year in cooperation with Aprifel, Freshfel has embarked on a three year European Commission funded agricultural promotion programme entitled ‘FV for a Healthy EU’ to boost fruit and vegetable consumption by 18-30-year-old Europeans – the consumer segment with one of the lowest levels of consumption. You might also be interested in ‘Frutas de Argentina’: Crisis-ridden fruit sector … European fruit and vegetable association Freshfel has urged the sector to continue to stimulate consumption despite “high uncertainty” in the industry’s business environment.It says the current concerns – including Brexit, the on-going Russian embargo, the growing impact of climatic events and other market access challenges – should serve to further stimulate the sector to boost current low consumption levels across Europe.”The European fresh fruit and vegetable sector is facing a tumultuous period that is challenging fresh produce production, trade and consumption,” it said in a release.”On the one hand the last two years have been noted for severe weather events, which have impacted produce quality, destabilized supply and demand and resulted in market instability in many regions. On the other hand, market uncertainties continue to cloud any transparency in the business environment.”
Precise Travel Marketing (PTM) has been appointed as the new Australia and New Zealand industry marketing representative for Solomon Islands Visitors Bureau, effective immediately.PTM will be responsible for all aspects of the national tourist office’s travel industry marketing and related trade activity in both key markets.Headed by Melbourne-based managing director Richard Skewes, PTM has vast experience in the South Pacific where it has been active since 1998 including, most recently, acting in an advisory role and involvement in marketing campaigns for several Pacific Islands’ national tourist offices and resorts.SIVB Chairman Wilson Ne’e said PTM will be heavily involved as the SIVB sharpens its focus on the strategic direction it needs to take to achieve its goals with the travel industry in both countries.IMAGE L-R: – SIVB marketing representative AU/NZ, Richard Skewes; SIVB marketing officer, Stella Lucas and SIVB chairman, Wilson Ne’e SIVBSolomon Islands
HawaiiSPGStarwood All 12 SPG (Starwood Preferred Guest) Resorts in Hawaii are on sale during the “Pack for Paradise” promotion on bookings until 30 September 2017, valid for stays through 20 December 2017 on Oahu, Maui, Kauai and Hawaii Island.Into the bargain, SPG Resorts in Hawaii have also put together a free download for travellers: How to Pack for Paradise – a helpful guide to holidaying in the Islands“Packing for paradise is relatively easy given Hawaii’s casual lifestyle and gorgeous weather year-round, but it’s always helpful to plan for the distinct features and characteristics of each island,” said David Richard, area director of sales for Marriott International.“Having the scoop from local experts on what to bring and what to leave at home can alleviate some of the guesswork so Hawaii travellers can focus on more important matters – like where to watch the sunset or which waterfall to visit first.”
What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocation D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Top Stories 0 Comments Share “I talked to the coaches and they were pretty much OKwith me missing the second OTA,” said Schofield. “I wasup all night, all morning.“I actually looked into my son’s eyes. My fiance, she’sHawaiian so he has green eyes. I looked into his eyes andI was like, ‘You know what, I’ve got to get to work.’ Ican never take a day off or anything off. I’ve got toprovide. I have someone to provide for now. Just to seethat, I think my motivation and my grind, I’m going towork a little bit harder.”The former fourth-round pick out of Wisconsin is alwaysamong the last players off the field each day.But these days — in addition to his son, Schofield ismotivated by playing time. This season, he’s expected tostart at one of the two outside linebacker positions inthe Cardinals 3-4 defense.“I mean that’s my mind-set. I think everyone comes outhere to prepare to be a starter,” said Schofield, who iscurrently running with the first team opposite Sam Acho onthe other side. “Each day I’ve been trying to get betterand perfect my craft.”Schofield, after missing nearly half his rookie seasonrecovering from a torn ACL in his left knee, respondedwith a strong sophomore campaign. He played in all 16games in 2011, registering 4.5 sacks — including three inthe final five games. Cardinals expect improving Murphy to contribute right away O’Brien Schofield is smiling.Then again, he’s always smiling: on the field, off thefield.But this smile is different.The Cardinals third-year linebacker was just congratulatedon the birth of his son, eliciting a wide smile and theproverbial sparkle in the eyes.Judea Anthony Schofield was born a week ago Wednesday inthe early morning hours of May 23rd.A short time later, the brand new father returned to thepractice field, refusing to miss even a minute of theteam’s second OTA of the offseason. “That’s what I did really well in college,” Schofield saidof pressuring the quarterback. “I started coming along myfirst two years in the league and this year I’m ready toput it all together.”Over the offseason, Schofield underwent surgery on bothshoulders. He said he had his labrum and rotator cuffworked on in his left shoulder “and then my right one justneeded some cleanup.”Finally healthy, Schofield is expecting big things fromhimself in 2012.“I’m not going to give no sack number but (Adrian Wilson)has told me he needs at least 10 so I would like to getabove 10 or more. That’s what I’m working for.”Schofield had 12 sacks his senior year at Wisconsin, butthe Cardinals haven’t had a player reach double figures inthat category since Bertrand Berry tallied 14.5 in 2004.With his goals set, Schofield knows there’s no time torest, which is a good thing with a one-week-old baby athome.“I’m happy that we’re only practicing three days a weekright now so that really helps me recoup on the weekends.” – / 33
Just hours after the Arizona Cardinals announced that they had fired head coach Ken Whisenhunt and general manager Rod Graves, names started surfacing for the job openings.At a Monday press conference, Cardinals president Michael Bidwill confirmed three candidates that will be interviewed for the head coaching position: Arizona defensive coordinator Ray Horton, Denver offensive coordinator Mike McCoy and former Philadelphia Eagles head coach Andy Reid, who was also fired Monday morning. Comments Share The news of McCoy’s interview was broken earlier in the day by ESPN’s Adam Schefter.“We’ve reached out to Mike McCoy and I’ll be speaking to him in the next several days,” Bidwill said. “I’ve also reached out and gotten permission to speak with Andy Reid, so we’ll be speaking to Coach Reid in the next few days as well.”Reid coached 14 years in Philadelphia, racking up a .583 winning percentage, guiding the Eagles to five NFC Championship games and one trip to the Super Bowl.But after the Eagles spent big money in free agency prior to the 2011 season, expectations galore were heaped on the team and they failed to respond. Philly went 12-20 over the next two seasons which led to Reid’s departure.Bidwill failed to give any other names that are being considered by the Cardinals at this point.“There will be further updates, I’m sure, as we get through the next couple days. We are dealing with the holiday and some of the other limitations such as playoffs and things along those lines,” Bidwill said. Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling