SilverNeedle Hospitality rebrands to Next Story GroupSilverNeedle Hospitality announces its hotel management division is now branded Next Hotels, forming Next Story Group.The Group also announces the acquisition of the internationally acclaimed new media marketing agency, Brand Karma, a pioneer in building brand experiences through social media, creative storytelling, digital marketing and immersive virtual reality. Together with SilverNeedle’s in-house architecture and design agency Virsa, SilverNeedle becomes highly-specialised in marketing and design, holistically maximising ROI on real estate assets.Anand Nadathur, Chief Executive Officer (CEO) of Next Story Group commented, “The hospitality landscape is changing and we’re evolving in important ways. Over the past year we’ve developed in-house architecture and design capabilities via Virsa, identified new media marketing competency as a must-have which led to the acquisition of Brand Karma, strengthened our employees and Board, and studied the impact of the sharing economy on urban spaces. We now have the right set of specialised services, and are ready to move forward to help asset owners futureproof their real estate by giving consumers something fresh and relevant. Hence we’re launching as Next Story Group today.”Next Story Group is based in Singapore, with regional offices across Asia-Pacific, and offers best-in-class services to hotel owners in branding, marketing, design and development on top of its hotel management services. From the acquisition and development of spaces, to conceptualisation of design, to management of operations and innovative marketing, Next Story Group will pioneer a multi-disciplinary approach and blend services so that each property in its portfolio can adapt with agility to the needs of tomorrow.“The hospitality and real estate industries are experiencing unprecedented shifts, with new consumer expectations giving quick rise to disruptors,” explains Morris Sim, previously Chief Executive Officer (CEO) of Brand Karma, now Chief Marketing Officer (CMO) for Next Story Group. “It is difficult for asset owners to ensure what they have today will be relevant and monetisable for tomorrow’s consumers. Being a part of Next Story Group means asset owners can count on us to differentiate and respond to market changes faster.”Next Story Group comprises of the following businesses:Next Hotels: Named after the group’s flagship hotel brand, Next Hotels is a specialised developer of hotels across Asia-Pacific and the market leader in technological innovation and rapid adaptability within the hotel industry.Brand Karma: Award-winning new media marketing agency that builds brands through virtual reality experiences, digital-marketing and creative storytelling. Past clients include Shangri-La Hotels and Resorts, AccorHotelsGroup, IHG, Marriott, Tourism Australia, Gap Inc., Honeywell, and Lincoln Motor Company.Virsa: Architecture and design agency pushing the limits of modern design, Virsa leads the design and development of all hotel, F&B, and urban spaces within Next Story Group, as well as the group’s innovations in building tech. Led by Matthew Lai, Virsa creates spaces for the future, collaborating with partners across Asia-Pacific to offer specialised one-stop shop design services.Along with the launch, Next Story Group also announces the appointment of veteran hotelier Patrick Imbardelli to its Board of Directors. Commenting on the developments of the group, Patrick Imbardelli remarks, ‘’I’m excited about Next Story Group because it has the elements needed to ensure that a hotel owner’s asset can continually stand out to the end consumer. The approach the company has developed will create new value in the marketplace for the owners and the consumers, and I look forward to guiding the team to expand their vision.” Next Story GroupSource = Next Story Group
TravelManagers’ final round of state meetings were well attended in five cities, including SydneyPTMs Enjoy Festive Spirit at End Year State MeetingsTravelManagers state meetings involving personal travel managers (PTMs), representatives from national partnership office (NPO) and partner suppliers are an important and much-enjoyed aspect of the TravelManagers business model, allowing attendees to discuss future initiatives and reflect upon the successes and learnings of the previous months. This year’s final round of state meetings, which have just been held in Brisbane, Perth, Adelaide, Melbourne and Sydney, were infused with Christmas atmosphere, lots of positivity and plenty of fun.PTM Lyndall Hewitt, representative for North Fremantle, says she loves attending the state conference as it’s a more relaxed way to hear about the updates NPO are working on.“There’s always something great in the pipeline,” she explains, “but the most important part of the day for me is strengthening my relationships with NPO and the other WA-based PTMs. This has always been the most invaluable thing for me as a PTM, right from my very first state meeting.”This view is shared by Hewitt’s colleagues, including Tanya Barker, who is representative for Narre Warren South in Victoria.BPMs Ali Banks (left) and Suzanne Laister (right) congratulate PTM Michelle Edmead for her five years’ service with TravelManagers“The state meetings are well-organised events that are valuable to my business. They provide up-to-date information on what’s happening in the company, and there are always exciting updates, sharing of information, open-forum chats and the chance to get together and discuss our business going forward,” she says.“It’s also a great day to catch up with members of the NPO support team and fellow PTMs,” Barker adds.For some of the newer PTMs, this was their first experience of a state meeting. PTM Sarah Segal, representative for Wheelers Hill attended the Melbourne meeting, which was held at Crown Conference Centre, followed by lunch at The General Assembly. Segal found her first state meeting very informative and enjoyable saying “I’m already looking forward to the next one!”Segal says she was also impressed to see people recognised for their longevity of service and loyalty at TravelManagers, with 31 PTMs receiving plaques for completing five years with the company.TravelManagers’ Queensland PTMs and NPO support team enjoyed time together over lunch at Brisbane’s Emporium HotelTravelManagers Executive General Manager Michael Gazal is proud that the total number of PTMs who have achieved five year awards with the company amounted to 46 this year.“There are now 208 PTMs in our network who have been with us for five years or more, which I think is a great endorsement for the strength of our business model and the spirit of cooperation that exists within TravelManagers,” he says.Gazal says the high attendance levels (50% of all PTMs attended one of the state meetings, along with 41 representatives from fifteen suppliers) is a reflection of the meetings’ perceived value, both within TravelManagers and by industry partners. This view is supported by the suppliers themselves.“It was a privilege to be one of the preferred suppliers invited to attend. It’s a wonderful way to interact with the PTMs on a personal level in a relaxed environment and my presence shows thePTMs our commitment and support, which helps build great relationships and trust, which in turn generating sales for us,” says Janelle Philpott, who attended the state meetings in Perth and Adelaide in her capacity as Business Development Manager for Air New Zealand.“Air New Zealand and I are proud to continue to support the TravelManagers Group.”A lazy Christmas lunch at Melbourne’s General Assembly restaurant for Victoria-based PTMsAccording to Gazal, the meetings were an opportunity to let PTMs know what to expect in 2018 and gain a clear picture of growth plans for the next three to five years. PTMs also learnt more about enhancements coming in the areas of Finance, Operations and Marketing.“There was great interest in the announcement from marketing about our new PTM web pages,” he says, “and everyone found the opportunity to learn more about the company vision and ask questions of the management team about plans for the future to be of great value.”This glimpse into the future was one of the highlights for many of the PTMs, including Trish Clowes representative for Traralgon in Victoria.“I loved the marketing section, and I’m really excited about our new web pages – it’s seriously great stuff,” Clowes enthuses.Further adding, “I also enjoyed hearing about the company’s future goals; it was a great day, with a great variety of info shared.”Once the business part of the day had been concluded, attendees relished the opportunity to spend time together on a more informal basis, with Christmas-themed lunches providing the perfect atmosphere to celebrate another successful year together.“There was beautiful, plentiful food surrounded by like-minded individuals, what a great way to celebrate a busy year, chat and have a laugh!” says Rachael Portelli, representative for Brunswick West in Victoria.For more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599.About TravelManagersTravel Managers operates in all Australian States and is a wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $1.5 billion for 2017. TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel, and has more than 500 personal travel managers throughout Australia with a dedicated support team at the company’s national partnership office in Sydney. TravelManagers places all customer money in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are secure and only used for client purchases. Source = TravelManagers
The Ministry of Tourism, as advised by the Ministry of Home Affairs, has constituted a Sub-Group of Task Force comprising representatives from Ministry of Information and Broadcasting; Ministry of Environment, Forests and Climate Change; Ministry of Shipping; Archaeological Survey of India; Coastal India Development Council; Indian Coast Guard and Maritime Board of Government of Gujarat to provide inputs for identifying islands for holistic development, indicate islands with historic places, and with tourism potential for holistic development. An Interim Report on holistic development of islands has been submitted to the Ministry of Home Affairs.Ministry of Shipping has informed that 78 lighthouses have been identified for tourism development of which 44 are mainland lighthouses and 34 are island lighthouses.Development and promotion of tourism including recreation facilities such as water sports, resorts, light and sound shows at tourist attractions is the responsibility of the State Governments and Union Territory Administrations. The Ministry of Tourism provides Central Financial Assistance to the projects that are complete as per existing scheme guidelines and are sanctioned subject to availability of scheme/funds and utilisation of funds released earlier.
The fortress of Kuelap is a walled city associated with the Chachapoyas culture built in 6th century AD. It consists of more than four hundred buildings and is situated on a ridge overlooking the Utcubamba Valley in northern Peru.Source: BBC
in Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Consumer Financial Protection Bureau Dodd-Frank Lenders & Servicers Processing Service Providers 2012-04-13 Ryan Schuette April 13, 2012 426 Views The “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ (CFPB) issued a bulletin Friday reminding financial institutions that they may be held accountable for violations under contracted service providers.[IMAGE]The agency said that banks and nonbank entities need to supervise their third-party vendors with due diligence, consistently request and review their internal controls and training materials, and establish clear expectations about compliance.[COLUMN_BREAK]The CFPB also called on financial institutions to adopt the internal controls necessary to supervise vendors, reaffirming the agency’s role as both a formal supervisor and informal trendsetter in the industry.””Consumers are at a real disadvantage because they do not get to choose the service providers they deal with ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the financial institution does,”” CFPB Director Richard Cordray said in a statement. “”Consumers must not be hurt by unfair, deceptive, or abusive practices of service providers. Banks and nonbanks must manage these relationships carefully and can be held accountable if they break the law.”” The bulletin marks only the latest signal by the CFPB that it plans to move on areas within its jurisdiction under the Dodd-Frank Act.The bureau more recently released a statement saying that it plans to propose national standards for servicers this summer. The Consumer Financial Protection Bureau issued a bulletin Friday reminding financial institutions that they may be held accountable for violations under contracted service providers. The agency said that banks and nonbank entities need to supervise their third-party vendors with due diligence, consistently request and review their internal controls and training materials, and establish clear expectations about compliance. The CFPB also called on financial institutions to adopt the internal controls necessary to supervise vendors.,CFPB: Banks, Nonbanks Liable for Third-Party Violations Share
Payroll Growth in October Better than Expected, Jobless Rate at 7.3% in Data Despite the partial government shutdown threatening growth, the nation’s economy added 204,000 jobs in October, with prior months seeing major upward revisions, the “”Bureau of Labor Statistics””:http://www.bls.gov/ (BLS) revealed Friday in its “”Employment Situation Report””:http://www.bls.gov/news.release/empsit.htm. Economists surveyed by Bloomberg put out a median forecast of 120,000 new nonfarm payroll jobs.[IMAGE]Despite the increase in jobs numbers, the unemployment rate still ticked up slightly to 7.3 percent, reflecting the number of furloughed government workers who were classified as “”unemployed on temporary layoff”” in the household survey but ├â┬ó├óÔÇÜ┬¼├àÔÇ£employed├â┬ó├óÔÇÜ┬¼├é┬Ø for the payroll survey.Payroll gains for August and September were revised upward, increasing for August from 193,000 to 238,000 and for September from 148,000 to 163,000. Together, the revisions add up to an additional 60,000 jobs added in those two months. Over the past 12 year, growth has averaged 190,000 per month.[COLUMN_BREAK]The number of unemployed persons in October was slightly higher compared to December, rising about 17,000. Among those unemployed, the number who reported being on temporary layoff–most of them furloughed government employees–increased by 448,000.The number of long-term unemployed (persons who have been jobless for 27 weeks or longer) was slightly down, rounding off to 4.1 million. That number has dropped by nearly a million people over the year, BLS reported.The civilian labor force was down by 720,000, bringing the labor force participation rate–the labor force as a percent of the population–down nearly half a percentage point to 62.8 percent. Discouragingly, the U-6 unemployment rate, which includes the unemployed as well as all people “”marginally attached”” to the labor force and those employed part-time for economic reasons, rose to 13.8 percent. Often overlooked, the U-6 is considered by some to show a more reliable picture of the state of employment at the moment.October’s job gains were mostly in leisure and hospitality (+53,000), retail trade (+44,000), professional and technical services (+21,000), manufacturing (+19,000), and health care (+15,000). Employment in construction and financial activities–the two sectors most directly linked to housing and mortgage finance–was little changed, BLS reported.The average workweek for all employees on private nonfarm payrolls was 34.4 hours, unchanged from September. Average hourly earnings for all private nonfarm payroll employees were $24.10, an increase of two cents. November 8, 2013 420 Views Share Agents & Brokers Attorneys & Title Companies Bureau of Labor Statistics Investors Jobs Lenders & Servicers Service Providers Unemployment 2013-11-08 Tory Barringer
in Daily Dose, Data, Headlines, News, Origination February 20, 2014 473 Views Mortgage Rates Up for Second Week Adjustable-Rate Mortgage Bankrate Fixed-Rate Mortgage Freddie Mac Mortgage Rates 2014-02-20 Tory Barringer Share Average fixed mortgage rates moved up slightly for the second as market analysts continue to debate whether recent weakening in the economy is a result of poor weather conditions or indicative of a long-term trend.Freddie Mac released Thursday its Primary Mortgage Market Survey for the week ending February 20, showing the average 30-year fixed-rate mortgage (FRM) coming up 5 basis points to a rate of 4.33 percent (0.7 point). This time last year, the 30-year FRM averaged 3.56 percent.The 15-year FRM this week averaged 3.35 percent (0.7 point), up from 3.33 percent last week.Adjustable rates also shifted up slightly, with the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) climbing to 3.08 percent (0.5 point); the 1-year ARM was up to 2.57 percent (0.3 point).Frank Nothaft, VP and chief economist for Freddie Mac, said the change reflects market forecasts of what the Federal Reserve’s next move might be.“Mortgage rates crept up further following the uptick in the 10-year Treasury yield as minutes of the Federal Reserve’s last meeting indicated little possibility of a pause in the central bank’s reduction of bond purchases,” Nothaft said.Bankrate.com’s weekly survey pulled up mixed movements, though most changes were minor. The 30-year fixed average moved up a basis point to 4.49 percent in the finance site’s latest report, while the 15-year fixed average moved down the same amount to 3.52 percent.The 5/1 ARM, meanwhile, declined a few points to 3.28 percent.“Mortgage rates are hovering as we’re in a bit of a wait-and-see mode regarding the economy,” Bankrate said in a release. “Recent economic reports have not been impressive, with much of that chalked up to the brutal snow and cold throughout much of the country this winter.“It may take a more normal weather pattern to truly gauge where the economy sits, and at least for now, there isn’t much movement in mortgage rates being seen.”
July 8, 2014 536 Views in Daily Dose, Data, Headlines, News Foreign Interest in U.S. Housing Grows Share Investment Investors National Association of Realtors 2014-07-08 Tory Barringer As analysts, industry participants, and policymakers struggle to boost homeownership among Americans, foreign activity in the U.S. housing market remains strong.According to a profile of international homebuying activity released by the National Association of Realtors (NAR), total international home sales were estimated at $92.2 billion from April 2013 through March 2013, up from the previous period’s level of $68.2 billion.”Foreign buyers are being enticed to U.S. real estate because of what they recognize as attractive prices, economic stability, and an incredible opportunity for investment in their future,” said NAR President Steve Brown.Approximately 65 percent of purchases by foreign buyers over the year involved a single-family home, with 42 percent used as a primary residence. Because non-residents are limited to six-month stays in the country, most buyers use their properties for vacation or rental purposes or as an investment, NAR says.While interest in U.S. housing spans the globe, NAR reports the greatest amount of activity came from buyers in Canada, China, Mexico, India, and the United Kingdom, which together accounted for nearly 54 percent of all reported international transactions last year. Canada held on to the largest share of purchases at 19 percent, while China took the lead in dollar volume, purchasing an estimated $22 billion.Four states—Florida, California, Arizona, and Texas—comprised 55 percent of total reported purchases, with Florida staying on top at 23 percent. California followed at 14 percent, followed by Texas and Arizona at 12 percent and 6 percent, respectively.According to the group, among foreign buyers, Europeans last year tended to flock toward the warmer climates of Florida and Arizona, while Asian buyers were drawn to the West Coast. Buyers from all countries showed greater preference toward areas where there were already concentrations of people of their own nationality.NAR also found that nearly 60 percent of reported international sales were all-cash, nearly double that of domestic purchases. “Mortgage financing tends to be a major problem for international clients due to a lack of a U.S. based credit history, lack of a Social Security number, difficulties in documenting mortgage requirements and financial profiles that differ from those normally received by financial institutions from domestic residents,” the association explained.
April 28, 2015 647 Views in Daily Dose, Data, Headlines, News Survey Reveals Buyer Optimism, Concerns, and Motivating Factors Thirty percent of potential homebuyers plan to purchase a home in the next 18 months, according to “Insights: From the Mind of the Homebuyer,” a survey released by Chase Mortgage Banking this morning.The survey, which included phone interviews with more than 1,000 Americans between the ages of 25 and 65, also revealed some key information on homebuyer concerns, motivating factors and more.According to the survey, three of every 10 potential homebuyers intend to purchase a home in the next 18 months, and 62 percent think now is a better time to purchase than last year. Nearly a quarter of those planning to purchase a home intend to do so in upcoming spring or summer, while 35 percent plan on waiting a year or longer to buy.As for their motivations for buying, 32 percent attribute it to current low mortgage rates. Another 35 percent said if 30-year fixed mortgage rates were to rise above 4 percent, it would delay their purchase.Rising rent costs also played a role, with 20 percent of buyers saying buying a home was a better value than paying a monthly rent. An additional 20 percent said upgrading from their current home was their motivation for buying.The survey also revealed insights into homebuyers’ concerns and challenges. Seventy percent of those surveyed said they thought they may have missed their opportunity to buy already, as home prices are increasing. Another 56 percent were concerned with finding properties within their price range.Additionally, 75 percent said they were worried about being outbid, and three out of five said they may need to make compromises, like buying a smaller home, looking in a different neighborhood, etc., in order to make up for rising home prices.“Buyers are clearly concerned about housing inventory and rising prices, especially during the competitive spring buying season,” said Cecelia Barbieri, SVP of marketing for Chase Mortgage Banking. “But the research shows that interested buyers are optimistic and ready to act on their goals. In fact, 73 percent said they’d give up things like eating out and taking vacations in order to buy their dream home.”Chase’s research also revealed that homebuyers are anxious about the buying process. Seventy percent said they were more worried about the mortgage process than they would be about getting a root canal or public speaking. One-third of couples surveyed said the homebuying process has led to bickering.“It’s understandable why first-time homebuyers are anxious about the process, but preparation is the best defense,” Barbieri said. “We want to make the homebuying process as easy and stress-free as possible—that’s why we offer informative resources, including YouTube videos, a mortgage calculator, a step-by-step buying guide and a webinar on our website.”And it appears that these educational materials are much-needed. The survey also revealed that only 25 percent of homebuyers actually understand APRs, mortgage rates, down payments and other crucial parts of the purchasing process. More than 70 percent of those surveyed believed their interest rate would determine their total mortgage.Editor’s Note: Keep an eye out for a featured article by Cecelia Barbieri, SVP and Head of Mortgage Originations Marketing at Chase Mortgage Banking, in the July 2015 issue of the MReport. In her article, Barbieri will delve into “Insights: From the Mind of the Homebuyer,” further, as well as, discuss how its findings can be used in your marketing strategies. Chase Mortgage Banking Home Prices Homebuyers Housing Market 2015-04-28 Seth Welborn Share
Mortgage interest rates have declined every week since the start of the year, and Freddie Mac believes this could continue until Treasury yields return to normal levels.Freddie Mac ‘s Primary Mortgage Market Survey found that mortgage rates moved down for the sixth consecutive week amid “ongoing market volatility.”For the week ending February 11, 2016, the average 30-year fixed rate mortgage (FRM) reached 3.65 percent with an average 0.5 point, down from last week when it averaged 3.72 percent. Last year, the 30-year rate was 3.69 percent. The 30-year rate is currently just slightly off the low of 3.59 percent recorded in 2015.Sean Becketti, Chief Economist at Freddie Mac noted, “In a falling rate environment, mortgage rates often adjust more slowly than capital market rates, and the early-2016 flight-to-quality has run true to form. The 30-year mortgage rate has dropped 36 basis points since the start of the year, while the yield on the 10-year Treasury has dropped 59 basis points over the same period. If Treasury yields were to hold at current levels, mortgage rates might well sink a little further before stabilizing.”According to the survey, the 15-year FRM averaged 2.95 percent this week with an average 0.5 point. Last week, the 15-year rate was 3.01 percent down and year ago at this time, the 15-year FRM averaged 2.99 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent with an average 0.4 point this week, the report showed. Last week, it was 2.85 percent and a year ago it averaged 2.97 percent.As mortgage rates continue to climb, new home purchases also rose. The Mortgage Bankers Association (MBA) Builder Application Survey data for January 2016 shows mortgage applications for new home purchases increased by 14 percent month-over-month.According to the survey, conventional loans composed 67.4 percent of loan applications, FHA loans composed 19.5 percent, RHS/USDA loans composed 0.7 percent, and VA loans composed 12.4 percent.The data showed that the loan size declined from $333,182 in December 2015 to $325,806 in January 2016.Single-family home sales are projected to run at a seasonally adjusted annual rate of 499,000 units in January 2016, up 4.0 percent from the December pace of 480,000 units, according to the MBA. 2016-02-11 Staff Writer Mortgage Rates Expected to Sink Further if Economic Conditions Persist in Daily Dose, Data, Featured, Government, News February 11, 2016 461 Views Share
in Daily Dose, News, Origination HELOCs Home Equity Lines of Credit 2016-11-25 Rutger van Faassen Share These are interesting times for HELOCs. Home prices have risen sharply. As a result, home-equity wealth has doubled during the last five years to $13 trillion according to CoreLogic. Home prices are expected to continue increasing in 2017. This coupled with growing originations have led to renewed interest in home equity portfolios from bankers seeking new profit centers.However, because customers are paying off debt more aggressively and large vintages are coming up to end-of-draw, we are also seeing HELOC and HELoan portfolio run-off more intensely than in previous years. According to ICON Competitive Lending Analytics, home equity portfolio run-offs are already at 8.7 percent in the first three quarters of 2016. By comparison home equity portfolios have been running off at 7 to 9 percent for the last three years. There is also more competition in pricing. For example, the ICON Home Equity Price Index showed a 1.5 percent decrease in 1st Liens, and a 0.4 percent decline in 2nd Liens in the first three quarters of 2016.How are lenders responding to the stiffer competition and the higher rate of run-offs in their HELOCs and HELoans portfolios?According to a Nomis HELOC Executive Survey conducted in October 2016, some lenders are employing sophisticated strategies to attract new customers. For example, our survey found that lenders are employing more pricing dimensions to HELOCs and HELoans: 44 percent are using between 4 to 6 pricing dimensions, while 22 percent use 6 or more pricing dimensions. We also learned that a majority (89 percent) of executives surveyed regularly run promotions to attract new customers, with 28 percent employing sophisticated strategies like targeted offers and segmentation analysis.However, the survey also identified missed opportunities to slow attrition and stimulate utilization. For example, a majority (55 percent) of executives surveyed said they did not have any formal programs in place to prevent attrition. Similarly, 39 percent of executives said they did have a formal strategy in place to stimulate utilization of approved lines. Alarmingly, the survey also found that 67 percent of lending executives do not currently have a mobile strategy for HELOCs or HEloans. This is a big missed-opportunity to engage with customers who are asking for mobile solutions and increasingly favoring mobile over other channels.Banks have a ripe opportunity to unlock the growth and profitability potential of their home equity portfolio, by engaging with their borrowers throughout their lifecycle—from the moment they open a new line to their utilization phase to the end of their draw down periods.New technologies like deep analytics and predictive modeling can build a deeper understanding of customer behaviors to help banks identify the signals that indicate which customers are likely to transfer balances or make purchases using their HELOC. The bank can then design promotions specifically targeting the needs of those customers. By using predictive segmentation and competitive insights within a pricing framework, banks can turn market data into actionable strategies for targeted retention offers.Click here to view an infographic about HELOCs from Nomis. November 25, 2016 850 Views HELOCs: The Untapped Opportunity for Growth and Profits
The world is going to get a lot more Ben Carson in the coming weeks, as the head of the Department of Housing and Urban Development (HUD) ups his public profile during the newly-proclaimed National Homeownership Month.Recently, President Trump proclaimed June as National Homeownership Month—the first of its kind—in an effort to “recognize the many benefits of homeownership to families, our communities, and our nation.”“For generations of Americans, owning a home has been an essential element in achieving the American Dream,” President Trump said in his proclamation. “Homeownership is often the foundation of security and prosperity for families and communities and an enduring symbol of American freedom. This month, we recommit to ensuring that hard-working Americans enjoy a fair chance at becoming homeowners.”Carson kicked off Homeownership Month on Thursday with an academic forum at his own department, discussing the state of homeownership in the U.S., the aftermath of the housing crisis, and homeownership hurdles specific to the millennial generation.“After all we’ve been through, homeownership remains an American value and the cornerstone of our economy,” Carson said. “Today, we recognize the abiding value of owning a home, and rededicate ourselves toward ensuring that every hardworking and credit-worthy American enjoys a fair chance at becoming a homeowner.”He also addressed the housing crisis during the forum, telling the audience, “We must heed worries and warnings. We must be prudent and wise, far-reaching and visionary. We want to make sure that homeownership is on solid ground, now and in the future. We need ethical behavior, risk within smart boundaries, and best practices, personally and financially. We must follow those practices that are fair, responsible, transparent, and prudent. The bankers, lenders, and investors are not playing with Monopoly money. They have been entrusted with a duty to safeguard the hard-earned money of others, and we must hold them to their duties, fiduciary and otherwise, not just in words, but actions and investments. As we learned in 2008, the consequences of irresponsible behavior are national and international.”But today’s forum was just the start of a busy month for Carson, as he makes the round in the media and around Capitol Hill.Next week, he’ll testify before Congress on President’s Trump 2018 budget blueprint, which proposes serious cuts—more than $6.2 billion—from HUD’s budget. The blueprint also ends the Community Development Block Grant program and slashes funding from the department’s rental assistance services.So far, Carson has been optimistic about the cuts, saying “While the scale of this reduction is significant, we are prepared to meet its challenges.”Carson also recently talked with Sirius XM radio host Armstrong Williams about the “mindset” of poverty, as well as the role the government should play in helping its impoverished citizens. Carson told Williams that the government can provide a “helping hand” to those in need, but that “sustaining them in a position of poverty” was not wise.”It [government] can provide the ladder of opportunity,” Carson said. “It can provide the mechanism that will demonstrate to them what can be done.”Despite looming cuts to HUD’s budget, President Trump has said he remains committed to helping Americans become homeowners.“As part of my Administration’s plan to strengthen the middle class and the American housing market, I am working with the Congress on a pro-growth agenda of reducing rules and regulations, cutting taxes, and eliminating unnecessary government spending. These policies will unshackle our economy and create and sustain high-paying jobs so that more Americans have the resources and freedom they deserve to fulfill their American Dream. Share Secretary Carson Kicks Off Homeownership Month with Forum Ben Carson budget Budget Cuts Homeownership homeownership month HOUSING HUD President Trump 2017-06-01 Aly J. Yale June 1, 2017 621 Views in Daily Dose, Government, Headlines, News
May 8, 2019 759 Views Affordability FIrst time Renters sales 2019-05-08 Seth Welborn Share A recent study from First American takes a look at the trends shaping affordability, specifically for first-time home buyers. According to the Outlook Report, titled “Why Everything You Know About First-Time Home Buyer Affordability Is Wrong,” less than half of the markets studies were deemed “affordable.”“As millennials continue to age into their prime home-buying years, first-time home buyer demand is poised to increase in the years ahead. Yet, traditional measures of affordability are skewed toward existing homeowners who, by definition, can already afford homes,” said First American Deputy Chief Economist Odeta Kushi. “Unlike typical affordability studies, we’ve zeroed in on first-time home buyers and factored in often overlooked costs like private mortgage insurance and property taxes to provide a clearer assessment of the housing affordability landscape for first-time home buyers.”“As the surge of millennial demand begins to hit shore, millennial first-time home buyers may want to consider cities that offer a greater supply of affordable homes for median renters,” says First American Chief Economist Mark Fleming.First American states that many first time homebuyers should avoid some of the traditional measures of home affordability, noting that affordability goes beyond buying power. For example, the report notes that current metrics of affordability include current homeowners, skewing the results as existing homeowners typically have greater income levels.Additionally, First American notes that homes are already affordable for approximately two-thirds of Americans because 64.8 percent of Americans own homes, meaning any affordability metric to include existing homeowners would be misleading.First American defines affordability by city as the media renter being able to afford 50% of available homes for purchase, and renters in the bottom 10 percent of house-buying power should be able to afford at least 10 percent of the homes for sale in their market. Memphis, Tennessee tops First American’s list of affordable cities for current renters, with 71% of homes currently affordable for the median renter in the city. Meanwhile, Los Angeles falls last on the list, with just 4% of homes currently affordable for the median renter in the city. in Daily Dose, Data, Featured, News First-Time Buyer Affordability Misconceptions
You might also be interested in May 03 , 2019 “Origine Group decided to invest in this pear – says the Managing Director Alessandro Zampagna – for its organoleptic and aesthetic characteristics, but also for its shelf-life and high yields. Therefore, FRED® is an interesting pear for all involved in the production and commercial chain, and we think that the pear sector needs new varieties with these characteristics. With VariCom and the French nursery Dalival, that will supply the plants, there has been an immediate understanding, and we trust this cooperation will bring very good results.”“We are convinced that Origine Group, thanks to its production base and its strategy, represents the right partner in Italy, where it will be the exclusive producer of variety ‘CH 201’ and marketer of the brand FRED®. – continues Michael Weber – Italy is the first producing country of pears in Europe, so it will be crucial for the success of FRED®.”“We hope to show some FRED® pears at Origine Group stand in Futurpera, the specialized exposition that will be held in Ferrara from 28 to 30 November” – concludes Alessandro Zampagna. PRESS RELEASEFRED® is the commercial name of pear variety “CH 201” bred after 18 years of work by the researchers of the Swiss Research Centre Agroscope. “FRED® has an attractive blush skin and handy size. The texture is firm, but crispy and juicy. Aromatic and sweet, backed-up by a light acidity in combination with an exceptional shelf-life, gives the consumer a fantastic eating experience – states Michael Weber, Managing Director of VariCom – Moreover, the tree shows a low susceptibility to Erwinia and has high yield. The cultivation of FRED® has been tested in several areas, and fruits will shortly be available for real-scale commercial tests.”
agentsTravellers ChoiceWendy Wu Tours Travellers Choice BDM for Queensland and Northern NSW Kim Tomlinson recently organised an informal networking and Wendy Wu Tours product update event for Travellers Choice agents, at Maroochydore on the Sunshine Coast.“Travellers Choice agents are a close knit group and they all enjoy and see the benefits of catching up with their peers,” said Tomlinson.“Events such as these not only provide the opportunity to nurture the Travellers Choice culture, they also ensure agents are up-to-date with important product information, so on behalf of the entire group a big ‘thank you’ to Wendy Wu Tours for sponsoring the Sunshine Coast function.”The agents gathered at Ucango Travel & Cruise Centre’s agency, with Wendy Wu Tours’ James McMillan providing details on the company’s latest destinations, along with its current agent incentives.Image: (L-R) Monique Hulsman (Ucango Travel & Cruise Centre), Dave Hulsman (Ucango Travel & Cruise Centre), James McMillan (Wendy Wu Tours), Lynn Parker (Kawana Waters Travel), Jacinta Lane (Coolum Travel), Genna Quinn (Coolum Travel), Richard van Schouwen (Kawana Waters Travel), Lyn Worthy (Coolum Travel), Kelly Bannam (Ucango Travel & Cruise Centre) and Kathy Watson (Ucango Travel & Cruise Centre)
Cyclone DebbieMantra Croc Club Mantra Club Croc at Airlie Beach has become the unofficial recovery base for many of the services and emergency crews currently in the region, aiding Cyclone Debbie recovery efforts.The recently opened and rebranded resort is accommodating more than 170 workers, including teams from Ergon Energy, Queensland Marine and Environmental Services, Community Services, specialist tree removalists and arborists … to name a few. Mantra Club Croc is now fully operational again after Ergon Energy installed a generator onsite to support the many community and emergency services staying in-house.
Shangri-La Hotels and Resorts will unveil the first Kerry Hotel in Hong Kong on the shoreline of Hung Hom Bay on Victoria Harbour on 28 April.The hotel group says the new build 16-storey hotel, which is the first to open on the Kowloon waterfront since 1995 and the fourth Hong Kong property for Shangri-La Hotels and Resorts, will be the city’s first ‘urban resort’. Kerry Hotel Hong Kong Health ClubThe 546-room hotel was conceived by architect and interior designer Andre Fu, who is internationally renowned for his innovative approach to hospitality projects. Providing plenty of natural daylight, the hotel’s interior features multi-level podium space with extensive outdoor landscaped gardens that connect seamlessly to many public areas. In addition, a curated collection of over 1,000 art pieces are showcased throughout the property – many of which were specially commissioned from leading Asian contemporary artists to complement the fluid design of the property. Kerry Hotel Hong Kong – Deluxe Seaview RoomFrom now until 31 July 2017, guests booking the exclusive opening offer will enjoy the following benefits:• A choice of complimentary upgrade to the next room category or complimentary breakfast buffet for two persons per day or 20 % off the Best Available Rate• Two complimentary drinks at Red Sugar per stay• Complimentary minibar upon arrivalKerry Hotel Hong Kong – Grand BallroomTerms and Conditions: • The offer is only applicable to rooms (excluding suites) booked at the Best Available Rate and is subject to availability• Stays must be completed by 31 July 2017• Bookings must be made directly with the hotel via toll-free telephone (852) 3069 9988, email firstname.lastname@example.org Hong KongKerry HotelShangri-La Hotels & Resorts
Yesterday, Ensemble Travel Group,launched the Australian version of its award-winning Extraordinary Experiences magazine.“We’re thrilled to provide our Australian members with yet another market advantage with our award-winning Ensemble Extraordinary Experiences magazine,” Ensemble Senior Vice President and General Manager Australia/New Zealand, Trish Shepherd said.“We have created a platform that allows our members to share the magic of travel and showcase their expertise in creating extraordinary experiences right around the world.”Members can also choose to upgrade the magazine with their own branding and Ensemble has created a library of compelling images to assist members to advertise luxury and bespoke travel to their client base.“The very first edition contains articles from some of the world’s leading travel writers whose ability to share the magic of Central Europe’s majestic cities, old Irish luxury and the delights of cruising to wellness on board the Crystal Symphony and experiencing the majesty of Alaska and Antactica in Seabourn style is remarkable,” said Shepherd.“Plus we explore some of the stunning properties in Australia and New Zealand that feature in Ensemble Travel’s Luxury Hotel and Resorts collection and a smorgasboard of culinary and wine events around the world.”IMAGE: Trish Shepherd of Ensemble Travel Group with Peter Hosper, md of The Travel Authority Ensemble Travelluxurymagazine
Complete Travel Marketing has appointed Cecilia Chan as Sales & Marketing Executive, to look after the representation company’s trade-related activities such as trade familiarisation trips, industry rates, training and trade shows. Cecilia brings strong tourism and hospitality experience to her role having worked for Shangri-La Hotels & Resorts for the past 12 years where she began her career as Food & Beverage Co-ordinator and moved herself up to her most recent role as Sales Service Manager.Complete Travel Marketing currently holds an extensive portfolio of unique hotel and travel clients in South East Asia and the Indian Ocean with destinations including Thailand, Malaysia, Singapore, Vietnam, Bali, Sri Lanka, Maldives, Hong Kong, China, Middle East, Philippines, and Japan.Cecilia will be working alongside Charlie Ridout and Jonathan Milburn, Directors and co-founders of Complete Travel Marketing. appointmentsComplete Travel Marketing
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories “Lovie Smith is targeting two places I’m told with strong defensive personnel,” NFL.com’s Ian Rappaport said on NFL Network’s “NFL Total Access” Monday night. “One is Buffalo, I think that’d be an option, and Lovie Smith is also very interested in the Arizona Cardinals. “Another team with a fierce defensive personality, and of course, more quarterback questions.”Smith was let go by the Bears after the team posted a 10-6 record this season. They missed the playoffs after starting the season, which likely prompted the move. Smith spent nine seasons in the Windy City, posting an 81-63 mark. The Bears won the NFC North three times and represented the NFC in Super Bowl XLI. Most of the talk around the Arizona Cardinals search for a head coach has revolved around just a few names. Andy Reid, Ray Horton and Mike McCoy either have or are scheduled to interview with the team, and Bill O’Brien has also been rumored to be a candidate. One name that has not been brought up is that of former Chicago Bears coach Lovie Smith, though apparently not due to a lack of interest from the coach himself. Former Cardinals kicker Phil Dawson retires 0 Comments Share Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact