Pelosi, top lieutenant (and past rival) Steny Hoyer, D-Md., and Rep. Jim Clyburn, D-S.C., met alone with Obama for 20 minutes before a closed-door meeting with Democrats. She advised him that she was leaning against the very vote he was asking skeptical Democrats to make.Shortly later, only 40 of 188 Democrats backed Obama on a crucial vote on legislation that would normally be a top Democratic priority — to aid workers who lose their jobs because of trade deals — because its passage was directly linked to advancing the subsequent trade negotiating measure as well.The vote was a big blow to a major agenda item for a lame-duck Obama, whose remaining hopes for a legislative legacy are hobbled by a GOP-controlled Congress and a presidential campaign that’s already underway.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. New Valley school lets students pick career-path academies Milstead says best way to stop wrong-way incidents is driving sober 5 things to look for when selecting an ophthalmologist Here’s how to repair and patch damaged drywall Four benefits of having a wireless security system The California Democrat was in a tough spot, torn between loyalty to a president whose agenda she supports and a Democratic caucus strongly tilted against Obama in this instance.Pelosi personally muscled Obama’s health care bill through the House in 2009 and has seen her party absorb crippling losses in the 2010 and 2014 midterm elections. Now, so many of her members are packed into Democratic strongholds that their greatest political threat comes in Democratic primaries — and they pay close attention to labor, environmental activists and other of the party’s traditional liberal allies. But she also wields significant power since she controls Democratic votes GOP leaders like Speaker John Boehner of Ohio must turn to make up for tea party defections.“She’s in a really difficult situation,” said pro-trade Rep. Henry Cuellar, D-Texas. “She doesn’t want to see the president fail. At the same time, she understands that there’s a lot of folks — labor and other folks, other progressive groups, and some members that feel strongly.”Pelosi said, “I’ve been very prayerful on this.”A churchgoing Catholic, Pelosi invoked popes and global warming both in a floor speech that sometimes meandered. (Unlike other members she has no constraints on how long she can speak.) She also lavished praise on Obama, calling him “magnificent and courageous.” Pelosi made her position known just prior to separate House votes to reject aid to displaced workers and to give Obama the “fast track” trade negotiating authority he is seeking.“We need to slow this ‘fast track’ down,” Pelosi said.Pelosi had been seen as a silent ally to Obama and Republicans running the House in promoting Obama’s trade agenda, though she kept her position secret until the end of Friday’s debate. She made clear in a floor speech she’s open to supporting future trade legislation, noting that she represents a San Francisco district that thrives on trade and that she grew up in Baltimore, home of a thriving port.“I was hopeful from the start of all of this discussion that we could find a path to ‘yes’ for the fast track legislation that was being put forth — some bumps in the road along the way; some potholes along the way; unfortunately, I think, sinkholes as well,” Pelosi said. “But that doesn’t mean that that road cannot be repaired. I just believe that it must be lengthened.”Pelosi voted “no” despite escorting Obama into a closed-door caucus of House Democrats, most of whom opposed the fast-track trade bill, which requires that trade pacts be delivered to Congress for up or down votes, without amendment. The authority is key to getting trade partners to seal agreements since they know Congress can’t amend them. Ex-FBI agent details raid on Phoenix body donation facility WASHINGTON (AP) — In a public rebuke to President Barack Obama, top House Democrat Nancy Pelosi on Friday swung against legislation aimed at making it easier for the president and his successor to negotiate free trade deals.The California Democrat said lawmakers should “slow this down” in hopes of getting stronger protections for U.S. workers and the environment in potential trade pacts, including one with Pacific nations. Sponsored Stories Comments Share Top Stories President Barack Obama walks with House Minority Leader Nancy Pelosi of Calif., right and House Minority Assistant Leader James Clyburn of S.C., as he visits Capitol Hill in Washington, Friday, June 12, 2015, for a meeting with House Democrats. The president made an 11th-hour appeal to dubious Democrats on Friday in a tense run-up to a House showdown on legislation to strengthen his hand in global trade talks (AP Photo/Carolyn Kaster) How do cataracts affect your vision?
Source = Virgin Australia Virgin Australia International has been voted best airline to Australia and New Zealand by the readers of the US-based Global Traveler magazine; www.globaltravelerusa.com.Virgin Australia Group Executive Commercial Liz Savage said the win was an endorsement from the readers of Global Traveler that Virgin Australia provides a unique and truly award-winning inflight service.“This award reflects the opinions of our Guests and readers of Global Traveler magazine on one of the world’s longest, non-stop flights.“From extensive criteria, Virgin Australia International has emerged as the airline that provides the best service from the United States to Australia and New Zealand,” she said.Ms Savage said that the airline also won the coveted award for Best Champagne International Business Class with Lanson Gold Label Brut 1999 as selected by Global Traveler’s Wines on the Wing Wine Survey; www.globaltravelerusa.com“Virgin Australia’s wine panel is meticulous in their research for the best onboard wines and champagnes that complement our extensive inflight menu.“We are delighted to know that our International Business Guests enjoy this quality champagne,” Ms Savage said.Virgin Australia International operates 14 services each week from Los Angeles to the Australian cities of Sydney, Melbourne and Brisbane. Virgin Australia International also operates three flights each week from Sydney to Abu Dhabi in the United Arab Emirates.
The WA Tourism Council has called for an industry summit to address the desperate need for additional state funding. An extra $27 million a year has been requested to be injected into struggling regions. “It is time for the WA Government to make tourism and events a State priority,” council chief executive Evan Hall said. According to council analysis, the WA government afford the tourism sector only 0.18 percent of its total revenue; the lowest in Australia besides NSW. “While tourism towns are suffering, it’s hard to understand why the WA Government won’t invest in the industry at the same level as other States,” Mr Hall said. The council plans to launch a ‘Tourism 4 Tomorrow’ campaign to encourage state expenditure. New airline partnerships and interstate regional promotions and advertising are requested.“There’s more to our economy than digging holes in the ground,” Mr Hall said. Source = e-Travel Blackboard: P.T
Source = e-Travel Blackboard: P.T Australian visitors to London’s Olympic Games will get value for money stays, with average room rates decreasing dramatically in recent months.Hotels.com released data revealing the average price for a room in London has dropped by almost $20 per night since March 2012.The average cost for a London room during the Olympics rose by approximately 93 percent year-on-year to $325 but the recent fall, coupled with the availability of remaining deals means more Australians can venture abroad to support our Athletes, the online company said.
Travellers are seeing more than just clouds at 35,000 feet, according to a new study, which found 15 percent of respondents from Asia Pacific claiming to have witnessed some form of sexual conduct on board an aircraft.Research conducted by travel search site, Wego, highlighted that while most report the ‘usual’ exclusive audio production coming from inside the bathroom, under the blanket action and blatant straddling in business class, were becoming frequent sightings.The legality of the acts depends on the individual country laws and the visibility of it all, which is perhaps why most respondents were more amused and surprised, with only a few admitting to being part of the statistic.From the tame to the tigers, here are the top ten entries into the mile high club: To join the Mile High Club, a little more effort is required. Source = e-Travel Blackboard: A.N An unsuspecting flyer was asked to join the mile high club by a stranger whilst waiting in line at the toiletA suggestive lipstick message on a toilet mirror unexpectedly viewed by an elderly lady when the young man ahead of her (for whom it was intended), allowed her to use the bathroom firstPassengers were left very distracted after two girls emerged quite ruffled from a toiletAn ex-cabin crew member discovered two men in a wheelchair closetA man said his girlfriend was so upset by the turbulence on a flight to New Zealand that she demanded he accompany her to the bathroom and ‘distract’ herA couple were flat out under the blankets stretched across three seatsA couple hadn’t locked the door properly only to fall out on the floor half naked to the amusement and applause of the entire aircraftIn-flight lap dances on a buck’s party tripAn older man carrying a life size female inflatable doll that he purchased a seat forFrightened passengers reported a strange noise in the overhead locker, only to discover it to be an operating vibrator in a woman’s handbag
Arrivals from Indonesia, a new priority emerging market where Tourism New Zealand has increased its activity since 1 July 2013, were up 11.9 per cent for the year. “What is becoming clear is how the new China Travel Law is supporting our strategy to accelerate the trend towards higher quality itineraries with better experiences, to increase the value of the Chinese market to New Zealand. We are already seeing an increase in visitors travelling more widely – with expenditure in the South Island increasing 72 per cent* from October to December compared to the same period in 2012. “Throughout the year our traditional long staying markets, and biggest visitor market Australia, have performed particularly strongly, driving this growth in holiday arrivals.” With 381,900 arrivals during the month, December was the highest monthly total ever, up 4.9 per cent on December 2012. Holiday arrivals from the US are up 21.3 per cent, Canada up 7.7 per cent, Germany up 9.4 per cent, and Australia up 8.1 per cent, for the 2013 calendar year. “Seeing this continued growth is extremely positive, with Germany showing a great resurgence. Furthermore, the stabilisation of the UK market continues ahead of our projections, with holiday arrivals up 9.9 per cent for the month and 5.7 per cent for 2013. “This is very positive as we head into the Chinese New Year celebration starting tomorrow which is historically China’s busiest travel period.” Total arrivals from China were up 16.2 per cent for the year, however, monthly arrivals continued to show the impact of the China Travel Law introduced 1 October 2103, down 10.6 per cent. “The extra 114,112 holiday arrivals during the year equates to an estimated $365 million additional expenditure – providing significant value to both the industry and the wider New Zealand economy,” says Kevin Bowler, CE Tourism New Zealand. An increase in holiday arrivals, up a staggering 9.8 per cent for the year ending December 2013 has driven annual visitor growth up 6.0 per cent for the year – seeing more than 2.7 million international arrivals to New Zealand for the first time ever. Annual arrivals across the wider Asia and South East Asia region were strong, with India up 3.8 per cent, Singapore up 16.1 per cent and Thailand up 22.2 per cent. Source = Tourism New Zealand
Shangri-La unveils seaside sanctuary by Golden Dream BayOn 8 May 2015 international luxury hotel brand Shangri-La Hotels and Resorts will open the doors to its newest property in the Haigang District of Qinhuangdao, a small seaside city renowned for its blue waters and golden beach. As one of China’s more popular summer destinations, Shangri-La Hotel, Qinhuangdao naturally takes prime position along Bohai Bay and is a 15-minute drive to the train station that shuttles travellers via high-speed links to Tianjin and Beijing in under two hours.Qinhuangdao in Hebei province is where history, dating back more than 2,000 years, and the present day meet. The city bears the first Emperor of China’s name, Qin Shi Huang, and remnants of the former ruler’s Great Wall. Next to the hotel are attractions such as the Olympic Centre, National Forest Park and Xin’ao Marine World. Shanhaiguan Airport is 35 minutes away by car.The Golden Dream Bay, the city’s finest address and latest residential and entertainment zone, is home to the 23-storey hotel – a new glass building offering spectacular views all around. Inside the light-filled spaces delicate plum blossoms, found naturally in Qinhuangdao, artistically bloom and the fragrant flowers can be seen as art and intricate light installations, woven in to carpet patterns and embellishing headboards in the guestrooms.The wonders of nature surrounding the hotel are translated through to the use of golden tones and creams in each of the hotel’s 330 guestrooms and suites, which are the largest in the city. Spaciously sized from 45 to 135 square metres with full-length windows that look out on the seaside setting, the rooms feature a contrast of light and dark wood, a plush sofa, ample desk space, marble appointed bathroom, as well as Shangri-La amenities and conveniences. Most rooms offer a balcony overlooking Bohai Bay.Shangri-La Hotels & ResortsSource = Shangri-La Hotels & Resorts
Qatar Airways celebrates the inaugural E-Prix in RomeQatar Airways celebrates the inaugural E-Prix in RomeThe award-winning airline and ABB FIA Formula E Championship joined forces once again in Rome to celebrate their exciting partnershipQatar Airways hosted activities for families and visitors of all ages at its stand in the Allianz E-VillageThe unique international sporting event attracted tourists and sport enthusiasts from all over the worldAfter expanding its highly-successful sponsorship of the ABB FIA Formula E Championship earlier this year, Qatar Airways this weekend celebrated its partnership in Rome where the airline was represented as the Official Airline Partner of the 2018 CBMM Niobium Rome E-Prix presented by Mercedes EQ, held on Saturday 14 April. After much anticipation, the CBMM Niobium Rome E-Prix presented by Mercedes EQ arrived on the city’s streets last week with a 1.76 mile track between Cristoforo Colombo and the Palazzo dei Congressi. As Official Airline Partner, Qatar Airways hosted a lounge inside the Allianz EVillage, where families and sport enthusiasts were able to take part in a variety of activities, including a photo booth with fun pictures to share on their social media channels and other competitions.Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “After an exciting Formula E season last year, Qatar Airways is delighted to have renewed our partnership not only as title sponsors for the E-Prix in Paris and New York, but also as Official Airline Partner to the Rome and Berlin events.“Formula E was a natural choice when choosing an environmentally friendly sporting partnership for Qatar Airways and we were especially pleased this year to support the Rome EPrix as we continue to celebrate enhanced ties with Italy, where we fly to Rome, Milan, Pisa and Venice from our home and hub in Doha.”Founder and Chief Executive Officer of Formula E, Mr. Alejandro Agag, added: “After an outstanding historic first race in Rome, we’re delighted to have Qatar Airways on board as a partner for both E-Prix in Rome and Berlin, along with being title sponsor for our events in Paris and New York – the season finale double-header of the 2017/18 ABB FIA Formula E Championship.”As part of a new three-season deal, announced in Doha in January this year, Qatar Airways reaffirmed its continued title sponsorship of the Qatar Airways Paris E-Prix, which this year takes place on 28 April, as well confirming the title sponsorship of the Qatar Airways New York City E-Prix on 14 and 15 July. The enhanced partnership also revealed Qatar Airways as the Official Airline Partner to the exciting events that unfolded in Rome this weekend, alongside the Berlin E-Prix, on 19 May this year.Qatar Airways believes in the power of sport in bringing people together, thus sponsors many top-level sporting events around the world. As well as sponsoring Formula E, Qatar Airways is also the Official Airline Partner of FIFA, which includes 2018 FIFA World Cup Russia™, the FIFA Club World Cup™, the FIFA Women’s World Cup™ and the 2022 FIFA World Cup Qatar™.Qatar Airways proudly flies one of the youngest fleets in the sky, featuring the world’s most technologically-advanced and environmentally friendly aircraft. The airline operates a fleet of more than 200 modern aircraft to a network of more than 150 key business and leisure destinations across Europe, the Middle East, Africa, Asia Pacific, North America and South America.The airline is continuing its ambitious expansion plans, and will launch a host of exciting new destinations this year, including Cebu and Davao, Philippines; Langkawi, Malaysia; Da Nang, Vietnam; Bodrum and Antalya, Turkey; Mykonos, Greece and Málaga, Spain.As well as being voted Skytrax ‘Airline of the Year’ in 2017 by travellers from around the world, Qatar’s national flag carrier also won a raft of other major awards at last year’s ceremony, including ‘Best Airline in the Middle East,’ ‘World’s Best Business Class’ and ‘World’s Best First Class Airline Lounge.xSource = Qatar Airways
A&K’s new Flight DeskA&K’s new Flight DeskLuxury travel company Abercrombie & Kent (A&K) has opened up its new dedicated Flight Desk to provide competitive airfares and flight bookings to agents for their clients travelling on A&K journeys ensuring a comprehensive and seamless booking process from beginning to end.Pioneering the new role is Sam Puccio, a vastly experienced and passionate Flight Specialist. Of the new service, Puccio says, “At A&K, we arrange complex holidays to so many amazing destinations. By integrating the best flights and fares matched to our vast portfolio of destinations and packages, we are giving agents that additional level of comfort and assurance that they, and their guests, are being looked after for the entire journey. This additional level of service is what the industry has come to expect from A&K.”A&K’s Flight Desk is accessible through all the usual A&K channels.Source = Abercrombie & Kent (A&K)
The new 2019 Riviera Travel river cruise brochure for Australia is available via travel agents, Cruise Traveller 1800 507 777 or Cruiseco on 1800 956 960 or visit the new-look website www.rivieratravel.com.au New Australian website for ‘newcomer’ river cruise line in EuropeNew Australian website for ‘newcomer’ river cruise line in EuropeThe launch today of a new Australian website and a bolstered partnership with the Australian travel agent sector are centerpieces of a growth strategy for 2019 and beyond spearheaded by luxury European river cruise company, Riviera Travel, which first offered its cruises to the Australian market in 2016.The new dedicated Australian site – www.rivieratravel.com.au – boasts a fresh, new design with more comprehensive content, Australian dollar fares and new features including:* a ‘wish list’ users can create of favourite cruises so they can email it to their travel agent* a cruise planner function so users can download and print their itinerary* an interactive 360-degree virtual reality tour video of Riviera Travel’s ship, Thomas Hardy, launched in 2017* a dedicated solo cruisers page highlighting supplement-free cabins on every cruise and four sailings in 2019 reserved exclusively for solo travellers and free of solo supplementsThe revamped platform follows the release earlier this month of a new, 108-page Australian brochure for Riviera Travel and news that bookings by Australians this year are more than double the 2017 figure.Based in England, Riviera Travel offers five-star, shore-tour-inclusive cruises across Europe at fares up to 50 per cent lower than river companies more established in Australia. In 2019, Riviera will carry a record 47,000 passengers.Australian sales manager for Riviera Travel, Thomas Morgan, who spent the last week in Australia visiting local travel agents, said the new website would make it easier for Australian consumers and agents to research the record 327 sailings Riviera would offer in 2019 across 14 itineraries on 12 river ships. These include two five-star ships launching next year – the George Eliot and William Wordsworth – continuing Riviera’s tradition of naming many of its vessels after famous British authors.Mr Morgan said Riviera had also strengthened its relationship with Australian travel agents as more agents and consumers became aware of the line and its affordable fares. “Riviera proudly boasts a no-direct-booking policy, with all bookings by Australians made via travel agents and distribution handled here by wholesalers Cruiseco and Cruise Traveller,” Mr Morgan said.“And unlike other lines, Riviera also offers a simple, transparent, low-cost fare structure, with no hidden costs, and a no-discounting policy which assists agents and saves guests from discovering fellow passengers have paid less than them for the same cabin. Accustomed to high fares from other river cruise lines, Australians welcome our attractive fares and the fact they can buy drinks packages if they want to and also pay staff their own tips which they love rather than gratuities hidden in fares.“Riviera is enjoying a wave of recognition here in Australia and we expect that to grow as we invest more resources in this market, with exciting new announcements coming soon.”Cruise fares for 2019 are available from $2079 per person, twin-share, for an eight-day European cruise on the Danube River from Budapest while Riviera’s four exclusive, seven-night solo passenger sailings in March and October, 2019, are available from only $2769 per person, solo.Bonus offer on new Switzerland cruise tour packageOne of Riviera Travel’s sailings for 2019 – the seven-night Rhine Cruise to Switzerland – has been packaged for Australians by small ship cruise specialist, Cruise Traveller, in a new 13-night fly, cruise and tour holiday.The ‘Swiss Stunner’ package includes return flights to Europe from Sydney, Brisbane, Melbourne, Adelaide or Perth, the Rhine cruise from Cologne to Basel, a three-night, post-cruise, alpine tour in Switzerland headlined by a trip aboard the famous Glacier Express train from Chur to Zermatt and pre-and-post cruise accommodation in Cologne and Zurich. Cruise Traveller is also offering a complimentary onboard drinks package with a range of beers and wines with lunch and dinner – when you book this package.Departures are available in May, June and August, 2019, on two ships, including the brand new George Eliot, which will be launched in April, 2019.Cruise Traveller’s 13-night Swiss Stunner package is available from $7695 per person, twin-share. Bookings are available via travel agents or visit www.cruisetraveller.com.au/swissstunner or call Cruise Traveller on 1800 507 777. Fares and offers are subject to availability and conditions apply.
After 15 successive years of being Thailand’s largest B2B tourism trade event, the Tourism Authority of Thailand (TAT) is set to host the 16th Thailand Travel Mart Plus. The exhibition is to be held from June 14-16 2017, at the Chiang Mai International Exhibition and Convention Centre (CMECC). The event will bear the theme of ‘Discover Unique Local Experiences.’The TTM+ 2017 will provide an excellent platform for all participants to meet with potential business partners, as well as to introduce, update, and expand their business. TTM+ 2017 has a special focus on exquisite forums with high-level keynote speakers, tourism showcases and workshop, and the new highlight: a local tourism-related products and services exhibition from local suppliers.Soraya Homchuen, Director, TAT-Mumbai commented, “We are excited to announce the most-awaited Thailand Travel Mart Plus 2017. It is an exceptional platform for all the participants, both sellers and buyers to exchange the industry knowledge with the existing and potential business partners and get the first-hand update on the upcoming plans. Moreover, we will accentuate the new campaign ‘Amazing Thailand, Discover Amazing Stories: The Unique Thai Local Experiences,’ featuring Thailand’s local experiences that leads travellers to learn the way of Thai life through its culture, history and tradition.”
Scoot announced the introduction of 16 brand-new A321neo aircraft into its fleet. The first aircraft, named ‘Wings of Change’, will be delivered in the last quarter of 2020 and will be used on routes within six hours (medium-haul markets). The new fleet will enable Scoot to meet its double-digit growth plan by the end of financial year 2020/2021. Of the 16 aircraft, six are an upsize from Scoot’s current A320neo order from Airbus, while 10 will be leased.The A321neos, powered by Pratt & Whitney engines, will be delivered from Airbus’ final assembly line. The single-aisle aircraft will be fitted with 236 seats, 50 more than that of the A320neo.Lee Lik Hsin, CEO, Scoot said, “The A321neos will inject growth possibilities to our network plans for 2020 and beyond, and it is indeed apt that we have named the first aircraft ‘Wings of Change’. Customers will be greeted by our brand-new cabin interiors, with seat products they are already familiar with. We hope the process of introducing this new fleet into our Scoot family will be as exciting for our customers as it is for us.”With the A321neo’s enhanced sharklets, fuel-efficient engines and latest cabin innovations in the widest single-aisle cabin in the sky, there is an expected fuel cost savings of 12% as compared to the A320neos and 20% as compared to the A320ceos.On the environmental front, there is an expected 50% reduction in noise footprint and nitrogen oxide emissions as well as a reduction of 5,000 tonnes less carbon dioxide per year per aircraft.With the A321neo, Scoot will be able to operate its single-aisle flights with unmatched levels of efficiency, benefitting from the highest commonality of the Airbus product range.This includes shared resources in spares, tools, similar maintenance engineering, pilots and cabin crew.
“”Supreme Lending””:http://corporate.supremelending.com/ has ushered in a new senior vice president with the appointment of James E. Iley, Jr. Iley will now serve as the SVP and national production manager for the Dallas-based company.[IMAGE]Iley’s hiring is part of Supreme’s strategic plan for expanding the company’s reach, and he will apply more than 22 years of experience in the mortgage industry to his new role with the entity. Having previously worked in retail branch production, recruitment, team building, and branch profitability maintenance, Iley is well-prepared to support Supreme as an SVP.In his new position with the company, Iley will be responsible for the branch support team, production team, and all branch operations nationwide. Currently, Supreme boasts an estimated 500 employees and operates full service mortgage broker and banker services in 40 states.Prior to teaming up with Supreme, Iley was the senior vice president and regional manager for “”PrimeLending””:www.primelending.com/ for nearly a decade. While with PrimeLending, Iley handled production and business segments for multiple branches in several states. Supreme’s president, Scott Everett, noted of Iley’s addition to the company’s leadership, “”James has an impressive track record of developing and implementing methods that achieve company goals. We have every confidence that it won’t be long before we start reaping the benefits of the experience he’s gathered in his previous leadership positions. We’re very pleased to welcome him to the Supreme Lending family.””├âÔÇÜ├é┬áIley commented on his future with Supreme, saying, “”My primary goal is to ensure the highest loan quality and service levels as we pursue our long-term growth and expansion plans. Supreme’s vision is to become the best mortgage banking company in America. I’m excited to work with a company that shares my values and believes that companies can continue to elevate loan quality and customer service, while implementing even the most aggressive growth plans.”” ├â┬ó├óÔÇÜ┬¼├é┬¿ in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2011-12-05 Abby Gregory New SVP, National Manager for Supreme Lending December 5, 2011 406 Views Share
Share Freddie Mac Offers Mortgage Relief to Hurricane Sandy Victims in Government, Secondary Market, Servicing October 30, 2012 421 Views Agents & Brokers Attorneys & Title Companies Freddie Mac Investors Lenders & Servicers Service Providers 2012-10-30 Esther Cho Homeowners with mortgages guaranteed by “”Freddie Mac””:http://www.freddiemac.com/ may be eligible for payment relief if they are located in an area that has been devastated by Hurricane Sandy. [IMAGE][COLUMN_BREAK] The GSE announced it is encouraging servicers to help borrowers through different forms of assistance such as suspending foreclosure and eviction proceedings for up to a year, waiving penalties or late fees against borrowers with disaster-damaged homes, and not reporting delinquencies caused by the disaster to credit bureaus. “”Freddie Mac has authorized the nation’s mortgage servicers to provide a full range of mortgage relief options to affected borrowers with mortgages owned or guaranteed by Freddie Mac,”” said Tracy Mooney, SVP of single-family servicing and real estate owned at Freddie Mac. “”Forbearance on mortgage payments for up to one year is one of several options our servicers have been instructed to offer borrowers on a case-by-case basis.””Freddie Mac advised homeowners to contact their mortgage servicer for find out about their options. The company’s general disaster relief policies are posted “”online””:http://www.freddiemac.com/singlefamily/service/disastermgmt.html.
Quicken Study Shows Division Between Appraiser and Homeowner Estimates in Daily Dose, Data, Headlines, News, Origination A new Quicken Loans study reveals that appraiser home value opinions fell below homeowner estimates in April according to the company’s Home Price Perception Index (HPPI). Quicken Loans is the nation’s second largest retail mortgage lender.The HPPI index data revealed that the trend of broadening differences between appraiser and homeowner views continued in April. On average, appraiser estimates are lower than homeowner estimates by 0.69 percent, compared to appraiser opinions being 0.40 percent below homeowners in March. Of the metro areas that were measured, 63 percent of appraiser opinions of values remained higher than homeowner estimates. April will be the third consecutive month that these differences in appraiser opinions have fallen below homeowners’.“While it is not surprising to most appraisers that homeowners are overestimating their home’s value on a national average, we should always make note of direction the trend is heading to help set expectations for homebuyers and those looking to refinance,” said Bob Walters, Quicken Loans chief economist. “There is nothing more disappointing to a homeowner than learning that the value of their home is less than they expected. This index is an important tool for lenders and homeowners alike as they set reasonable expectations for obtaining a mortgage.”Following a slight drop in March, the national Quicken Loans Home Value Index (HVI) reports an increase of 0.28 percent in home values for April. Home values showed little increases nationally and in all regions and had modest yearly increases.According to the company, the national HVI, a measure of home values based solely on appraisals, increased in April after a drop in March, gaining 0.28 percent nationally. Values also continued their strong year-over-year increases, rising 5.54 percent since April 2014 on a national level. The West region had the largest annual gain of 6.58 percent on a yearly basis, while the Northeast posted the smallest increase with a 2.39 percent annual gain.“Home values increased in April, however it was not enough to cancel out March’s decline,” Walters said. “Homeowners that are still underwater are looking for large increases, but those increases can in fact price homebuyers out of the market. Home affordability could become a worry if home values increases get too far ahead of the modest pace of wage increases, which are sitting at about 2 percent annually.”To view the full report visit: QuickenLoans.com Home Price Perception Index Home Value Index Quicken Loans 2015-05-13 Staff Writer May 13, 2015 432 Views Share
Clayton Holdings Creates New Option for ‘Fix and Flip’ Lending Clayton Holdings 2016-07-20 Seth Welborn Portfolio surveillance: Clayton’s RAMP surveillance solution can deliver customizable reports providing ongoing visibility into operational and financial aspects of the portfolio at the borrower, loan, and property level.“Low interest rates, rising home prices and tight inventory are all driving the growth of the fix and flip investment market and attracting new liquidity from Wall Street and private investors,” said Jeff Tennyson, president of Clayton. “We have designed an integrated, one-stop solution for warehouse and hard-money lenders that draws on Clayton’s deep experience in underwriting and the unique skill sets in valuing and monitoring single-family rental properties that reside within our Green River Capital and Red Bell Real Estate subsidiaries.” Property underwriting: review of purchase/sales agreement; title and loan reviews; BPO with “as-is” and “as-repaired” values; desktop and automated valuation reviews of original appraisals; plan and budget analysis. Share in Headlines, News, Technology July 20, 2016 572 Views Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, consulting, valuation, title and settlement services to the mortgage industry, has developed an end-to-end underwriting, valuation and due diligence option for the “fix and flip” lending market, according to an announcement from the company.Clayton Holdings LLC states that the option, which is currently being utilized by several warehouse lenders, includes specs such as borrower underwriting, property underwriting project monitoring, and portfolio surveillance.The new option includes:Borrower underwriting: review of the borrower’s professional track record; business plan, credit and financial standing; liquidity analysis of balance sheet and tax statements; and synopsis of corporate structure. Project monitoring: twice-monthly reporting on rehab status, including building permits, HOA requirements, budgets and schedule; draw and release requests; property inspections and photos; and lien waivers, etc.
Low Rates, Low Sales August 18, 2017 592 Views in Daily Dose, Data, Featured, News Share Mortgage Rates 2017-08-18 Brianna Gilpin While mortgage rates are staying low, and showing little signs of change, buyers have still been slow to buy due to the low number of homes for sale or being built. According to Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 3.89 percent with an average 0.4 point for the week ending August 17, 2017, down from the previous week when it averaged 3.90 percent. A year before, the 30-year FRM averaged 3.43 percent. The 15-year FRM for that week averaged 3.16 percent with an average 0.5 point, down from the previous week when it averaged 3.18 percent. A year previously, the 15-year FRM averaged 2.74 percent. According to Bankrate, as of Friday, consumers with a 30-year FRM will pay $480.30 each month for every $100,000 they borrow, up from $479.72 the previous week.Bankrate reports that this lower mortgage rate is good news for homeowners, as they can refinance for a lower rate, however, inventory issues have still kept many consumers out of the market. The U.S Census Bureau reports that starts on new homes fell 4.8 percent from June to July, while mortgage applications made a very small improvement of just 0.1 percent.Meanwhile, the Federal Reserve noted that inflation has not yet reached its 2 percent predicted target, despite strong job growth. This has kept interest rates low, in part. “It stands in the way of their long-term hope to boost interest rates and get on with the business of shrinking the $4 trillion balance sheet,” of bonds, says Mark Hamrick, Bankrate Senior Economic Analyst.In September, The Fed’s meeting is expected to bring details of how the central bank will reduce its bond holdings, which is likely to push up long-term interest rates, like mortgage rates.
Northern Hemisphere market report for Week 7 (ending February 15) February 22 , 2019 Decofrut/edited by www.freshfruitportal.comFreshfruitportal.com is not responsible for the information provided by State of the Market. The contents only reflect analysis carried out by Decofrut. You might also be interested in
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