<a href=”http://www.etbtravelnews.global/click/27caf/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&cb=INSERT_RANDOM_NUMBER_HERE&n=a5c63036″ border=”0″ alt=””></a> Source = e-Travel Blackboard: J.L A handful of hotel giants have adopted EarthCheck, a benchmark and certification for sustainability in the travel and tourism industry.The EarthCheck Program was jointly developed by the Australian Government funded Sustainable Tourism Cooperative Research Centre (STCRC) and Brisbane-based company EC3 Global.It helps companies address climate change, waste reduction and non-renewable resource management. EC3 Global said InterContinental Hotel Group (IHG), Carlson Asia Pacific, Sandals Resorts International, Langham, Banyan Tree, Alila, Six Senses and Dusit had recently decided to use the program.“With legislative changes and increasing reporting requirements, it’s all a matter of risk,” said IHG corporate responsibility director Australia Frank Hubbard.“From our perspective, we see EC3 Global’s products and services as scientifically validated and useful solutions. The ongoing investment in the EC3 Global business, and the fact that it is trusted by the biggest in the trade, makes it a provider and partner we prefer to bet on.” EC3 Global said it now hopes other will follow in these green footsteps and use EarthCheck to streamline, maximize efficiencies and use science to make a direct (positive) impact on the environment.
Source = e-Travel Blackboard: K.W Air Austral announced today it will withdraw flights operating Reunion – Sydney – Noumea and Reunion – Bangkok as of March next year and focus on flights between Reunion Island and France.The Reunion-based airline reviewed its long haul operations and came to the decision to cease operations on these routes due to difficult economic climate and rising jet fuel prices.The last flight will depart Sydney on 20 March 2012, with travel agents unable to see schedules in the GDS beyond this date. The final Bangkok service will depart on 26 March.Travel agents in Australia with questions regarding Air Austral and the procedures in place for booked passengers should call the airline’s Australian ticket office on the toll free number 1300 306 365. Air Austral
Source = e-Travel Blackboard: N.J China plans to open a new mega-airport, with Beijing Daxing International Airport pegged to transport up to 130 million passengers a year.On course to open in 2017, the new hub will take up 55 square kilometres of space just outside of Beijing and will have space for up to eight commercial runways, Daily Mail reported. The new airport will include a ‘ground transport hub’, which will transport passengers to Beijing via a 30 minute high-speed rail link and will be designed with the environment in mind.“Since the new airport will predominantly handle domestic traffic, the challenge was to fit in 100 million passenger movements on the landside areas,” the airport consulting firm responsible for the latest plan, NACO managing director Rik Krabbendam said. Despite its sheer size, the Daxing will be the second largest airport in the world, with first place reserved for King Fahd International Airport in Damman, Saudi Arabia, covering up to 780 square kilometres.
10th anniversary tradeshow launched in Bangkok this week. Celebrity chef Gary Rhodes displays his passion for British ingredients and cuisine. Riding the wave of a highly successful year of tourism, VisitBritain officially launched Destination Britain in Bangkok yesterday, highlighting the fundamental role and increasing potential of the Asia-Pacific Middle East and Africa (APMEA).Destination Britain APMEA celebrates its 10th anniversary this year, opening with a record 35 percent of new suppliers, totalling 60 tourism businesses and more than 100 international buyers.Tourists from the APMEA region spent £5.3 billion in the United Kingdom last year, representing 28 percent of total tourism revenue.VisitBritain overseas director Keith Beecham addressed delegates at a welcome dinner, held at the Shangri-La Hotel, which will play host to the conference over the next few days.“The APMEA region is increasingly important to the overall continued success of British tourism and Destination Britain is a key component of that success,” Mr Beecham said.“With a focus on trade engagement, our new partnership with Emirates and the continuation of our GREAT Britain marketing campaign, we hope to grow the millions of visitors arriving from this wonderful region each year.”During the evening, British celebrity chef Gary Rhodes entertained guests with a passionate live cooking demonstration; emphasising the dynamic flavours, fresh ingredients and stellar quality of cuisine found throughout the United Kingdom.ETB News is currently in Bangkok for Destination Britain, which runs from 13-16 May 2013.Source = e-Travel Blackboard: P.T.
Marriott International has been certified as one the “Top Employers in China 2015” for the fourth consecutive year by the Top Employers Institute.The Top Employers Institute recognizes leading organizations around the world that achieve the highest standards of excellence in employee conditions.Top employers are selected by a rigorous evaluation process including an HR Best Practices Survey, this Survey thoroughly assesses the HR environment of an organization from strategy, policy implementation, monitoring and communication of employee conditions to talent development.Top Employers Institute country manager Nicole Jin, said that an optimal human resources environment is crucial to both the personal and professional development of employees of an organization.“According to our study, the human resources strategy of Marriott International enables an exceptional work environment for its associates. Its human resources initiatives are very thoughtful and aligned with its corporate culture,” Ms Jin said.Marriott International chief human resources officer, Asia Pacific Regan Taikitsadaporn, said that the portfolio of Marriott International in China has been expanding rapidly.“This momentum is expected to continue in coming years. Our competitive advantage in human resources will be a key facilitator for fueling our growth in this market,” Mr Taikitsadaporn said.Marriott International is expected to grow its distribution from 16 cities in 13 provinces, municipalities and special administrative regions under five brands: Marriott Hotels, JW Marriott, Renaissance, Courtyard, and Marriott Executive Apartments; to more than 58 cities in 26 provinces.By 2017, Marriott’s total workforce is expected to increase to more than 75,000 associates in the continent – almost doubling its current size in the region– with nearly half of this number in China alone.Source = ETB Travel News: Lewis Wiseman
Fly Monarch AirlinesSource = APG APGAPG appointed as GSA for Monarch Airlines in IsraelAPG is pleased to announce a new GSA partnership with Monarch from the UK.APG has been appointed as the General Sales Agent of Monarch in Israel and will be providing full sales and marketing services as well as call centre facilities.Monarch is a leading UK independent airline group. The company includes a schedule airline, in-house tour operator and an awardwinning engineering division. Flying from five UK bases, London, Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton where it is headquartered; the airline offers 7 million sector seats to leisure destinations.The tour operating division offers package holidays across the airline’s scheduled network focusing on beach, city and ski breaks. The group employs approximately 2,8000 people and has a fleet of 34 aircrafts.Monarch launched two new holiday destinations in Israel from Luton airport in December 2015; Tel Aviv with an all year round service and Eilat during the winter months. Monarch is introducing a new service from Manchester to Tel Aviv on 19 April.
Air Canada’s Premium Economy class on a Dreamliner B787Air Canada new Premium Economy here earlier than expectedAir Canada is pleased to announced that its new Premium Economy Class product will now be available on its daily non-stop Sydney-Vancouver service from 11 May 2016 – one week earlier than originally scheduled.Along with 24 seats in Premium Economy, from 11 May Air Canada’s new-look B777-200 service will offer 40 seats in its latest International Business Class and 236 seats in its revamped Economy Class.Passengers in International Business Class will relax in Air Canada’s next generation lie-flat ‘Executive Pods’, which feature an adjustable pneumatic cushion headrest, an 18-inch personal entertainment screen and noise-cancelling headsets.Premium Economy offers more legroom and recline, along with wider seats equipped with an enhanced definition intuitive touch personal entertainment screen. In addition, Premium Economy passengers enjoy premium meals and priority check-in and baggage delivery at the airport.The B777-200 aircraft will also feature a re-designed Economy cabin, offering an upgraded in-flight entertainment system available free at every seat.Air Canada’s Premium Economy class on a Dreamliner B787. Fly Air CanadaSource = Air Canada
Queenstown from Bob’s Peak. By Lawrence Murray from Perth, Australia via Wikimedia CommonsA unique approach to hosting large incentive groups has seen Tourism New Zealand and its partners secure incentive business from China worth at least $50 million dollars.Amway China will be sending 10,000 of its elite sales people to Queenstown in 2018 for five days, thanks to the efforts of Tourism New Zealand, Destination Queenstown, Air New Zealand and Immigration New Zealand.The group will visit in multiple waves of 500 in autumn 2018.Tourism New Zealand Chief Executive Kevin Bowler says it’s a massive win. It will spread visitors across the off-peak season, supporting employment and bringing significant economic benefit.“The $50 million in value is estimated just from Amway’s spend on the incentive alone. Each of the 10,000 staff will also contribute additional personal spend while in the country bringing the total even higher,” Mr Bowler said.“The win also sends a clear message that New Zealand is a significant player in the incentive business sector.“It comes as a result of collaboration at its finest. We know that one of the key reasons New Zealand won was because of the coordinated approach we took and the proposal that answered all of Amway’s questions.“Tourism New Zealand’s role is to identify the opportunity, create a relationship with a business and bring our marketing expertise to the table, to support a competitive bid.“We then look to industry partners to deliver the most compelling offer possible. Once again, Air New Zealand, Destination Queenstown and numerous local Queenstown businesses stepped forward to make this happen.“Immigration New Zealand also played a pivotal role as bringing 10,000 Chinese into the country will require significant coordination and efficiency in regard to visa processing.”Mayor of Queenstown Lakes District Vanessa van Uden says Queenstown will pull out all the stops to welcome Amway China’s elite sales representatives.“I am sure that our community will be very excited to learn that Queenstown is Amway China’s chosen destination. The benefits will extend far outside Queenstown itself. Other communities right across the district will see these visitors, and feel the impact of their time here,” Ms van Uden said.“We are developing strong links with China through our sister city and commercial relationships with Hangzhou. Amway’s visit to Queenstown will provide the opportunity for our local business community to give them a unique experience that they will love.“Queenstown always offers a warm welcome to overseas visitors and we are already known as a top destination for business travellers. We are known as the adventure tourism capital of New Zealand so if Amway’s visitors would like to hurl themselves off a bridge at the end of a bungy cord, or take a swift ride in a jetboat, they will be thrilled with what they find here.“Equally, if they would like to soak up the views while enjoying fine food and wine, or saunter around our local trails, then they will be delighted.”The win was publicly confirmed by the Prime Minister and Minister of Tourism John Key at a press briefing in Shanghai.Air New Zealand’s Chief Executive Christopher Luxon says that attracting high-value incentive business from China to New Zealand during the shoulder season is a fantastic example of working together to supercharge New Zealand’s success.“We congratulate everyone on winning this business for New Zealand, which is a great validation of working in partnership for mutual benefit,” Mr Luxon said.“Together with the other partners, Air New Zealand was able to create an innovative and compelling offer to ensure our guests from Amway have an outstanding and uniquely New Zealand experience from the moment they step on-board.” Tourism NZSource = Tourism New Zealand
Majestic Whales Encounters launches first QLD adventure – SwimMajestic Whales Encounters launches first QLD adventure – SwimTwo of Australia’s natural World Heritage sites – the Great Barrier Reef and the Daintree Rainforest – feature in a brand new package offered by Majestic Whales Encounters, which will see travellers swim with dwarf minke whales, snorkel on the famous reef, and stay in a luxurious rainforest treehouse.The ‘Swim with Dwarf Minke Whales’ 10-night package is the first Queensland trip offered by Australian company, Majestic Whales, which is known for its whale swim holidays in Tonga and now expanding into other whale-rich waters, including Norway and Queensland.Beginning on June 28, 2019, the package aims to coincide with dwarf minke whales’ annual migration to the waters known as the Ribbon Reefs – the only place in the world where you can swim with them. Their inquisitive nature brings them close to boats, divers and snorkelers, often swimming just a metre away as they playfully lift their heads out of the water to observe the boats, tail-slap the water and breach.The adventure begins in Cairns, where travellers will transfer to the five-star Silky Oaks Lodge in the Daintree – their home for the next three nights. Staying in private treehouses, guests can enjoy the sounds and sights of nature from their outdoor verandahs. A day tour of the beautiful Daintree rainforest and Cape Tribulation will take place the following day, while guests can choose between exploring Mossman Gorge or just relaxing at Silky Oaks Lodge with a luxurious day spa the next day.Guests will then transfer to Cairns and board the Spirit of Freedom for eight days of swimming with dwarf minke whales and exploring the remote Ribbon Reefs – perfect for snorkeling and diving with their huge range of biodiversity, from the giant, fluorescent clam to the vividly red flame file shell. A marine biologist will be onboard to share his knowledge.The 10-night package begins on June 28, 2019, and is available from $7588 twin share, including a seven-night cruise, all main meals, all transfers, day tour to the Daintree, whale swims and Australian beer and wine with evening meals on the cruise. Flights to Cairns are extra.For bookings or information, call Majestic Whale Encounters on 0405 594 253 or visit www.majesticwhaleencounters.com.auSource = Majestic Whale Encounters
flydubai’s debut flight landed in the capital city of Eritrea, Asmara. Senior Eritrean officials, including Tesfaslassie Berhane, Minister of Transportation and Communication, Askalu Menkorios, Minister of Tourism and Paulos Kahsai, Director General Civil Aviation Authority welcomed the flydubai delegation at Asmara International Airport, which was led by Sudhir Sreedharan, Senior Vice President, Commercial (GCC, Subcontinent, Africa) and members of the airline’s senior management team.Ghaith Al Ghaith, flydubai’s Chief Executive Officer, said, “The addition of Asmara to our network reflects our commitment to enhancing air connectivity to Dubai, which includes 67 points that did not previously have direct air links to Dubai or were underserved. The Eritrean capital becomes our 13th destination in East Africa.”Asmara becomes the 18th destination flydubai launched this year, with the airline launching operations to Burundi, Rwanda, Somaliland, Tanzania and Uganda recently.flydubai would operate 4 times a week between Dubai and Asmara, with flight FZ665/666 operating on Monday, Thursday, Friday and Sunday.
The Union Cabinet has given its ex-post facto approval for a Memorandum of Understanding (MoU) between India and South Africa for cooperation in the field of Tourism.South Africa is an emerging tourism source market for India. India has also extended its e-tourist visa facility for the South African Nationals which elicited good response from the travel trade of both.The MoU was signed on July 8, 2016. The chief objectives of the new pact are-– to expand bilateral cooperation in the tourism sector– to exchange information and data related to tourism– to encourage cooperation between tourism stakeholders, including hotels and tour operators– to establish exchange programmes for cooperation in Human Resource Development– investing in the tourism and hospitality sector– to encourage visits of Tour Operators/Media/ Opinion Makers and tourists from both countries for promotion of two way tourism– to exchange experiences in the areas of promotion, education, marketing, destination development and management– to participate in travel fairs/exhibitions in each other’s country– to promote safe, honourable and sustainable tourism
Thomas Cook (India) Ltd., has entered into a three-year strategic agreement with Wildlife Reserves Singapore (WRS), an organisation dedicated to the management of world-leading zoological institutions – Jurong Bird Park, Night Safari, River Safari and Singapore Zoo.The Memorandum of Understanding (MoU) was signed between Mahesh Iyer, Chief Executive Officer, Thomas Cook (India) Limited and Mike Barclay, Group Chief Executive Officer, Mandai Park Holdings (the parent company of WRS) at the Thomas Cook India Group headquarters in Mumbai.Thomas Cook India’s internal data has revealed a strong and significant growth of Indians travelling to Singapore with a 20% YoY growth. Additionally, WRS reveals that India is one of the top five countries in terms of visitors across its four parks. Hence, in a focussed initiative to leverage this high potential growth segment, Thomas Cook India and WRS have entered into a strategic agreement and via this three-year plan, both companies will focus on a multipronged engagement that includes product development, joint consumer promotions and MarCom to showcase Wildlife Reserves Singapore.Speaking on the announcement, Iyer said, “We are bullish on the larger trend towards experiential holidays. Indian travellers are evolving rapidly and our research indicates growing interest in unique local experiences that include outdoor-wildlife and this MoU gives us the opportunity to create a vibrant product. Our partnership with Wildlife Reserves, Singapore also marks the start of a strong commitment to protecting biodiversity in Singapore and Southeast Asia through partnerships with like-minded partners, organisations and institutions.”Commenting on the partnership, Barclay added, “Over the years, valued partners like Thomas Cook have been instrumental to our growth. In 2017, we saw a 25% increase in Indian guests compared to the previous year. With this MOU we look forward further collaborations to bring the immersive wildlife experience of our parks to Indian travellers.”
Refinance Activity Brings Prepayments to Seven-Year High in Data, Servicing Share Mortgage delinquency rates fell in August as prepayment rates shot up, “”Lender Processing Services””:http://www.lpsvcs.com/Pages/default.aspx (LPS) revealed.[IMAGE]LPS’ August Mortgage Monitor report showed a national delinquency rate of 6.9 percent, consistent with the company’s earlier first-look data. Delinquencies were down 2.3 percent from July and 10.6 percent from their January 2010 peak.The amount of seriously delinquent loans has also shown great improvement, falling off by nearly half of its peak in January 2010. Most of that amount is now past due for more than nine months, with 43 percent of seriously delinquent loans more than one year past due.The drop in delinquency was accompanied by a significant boost in prepayment rates, hitting an annualized rate of nearly 25 percent ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a level not seen since 2005. LPS’ analysts said the broad-based increase is another sign of heightened refinance activity. “”Our analysis showed an increase in prepayment activity across the entire combined loan-to-value (CLTV) continuum,”” said Herb Blecher, SVP of LPS Applied Analytics. “”While those loans with equity, particularly 80 percent CLTV and below, have much higher prepayment speeds, the impact of the Home Affordable Refinance Program (HARP) was also clear.””Loans with higher CLTVs saw the greatest uptick in prepayment. Loans with a CLTV of more than 120 experienced a 65 percent year-to-date increase, while those with a CLTV between 100-120 percent saw a 50 percent rise.The rise in prepayment rates was lower for older loans. For example, loans with vintages from 2007 or earlier only saw a prepayment increase of 9 percent, interpreted by LPS as “”refi burn out.””””Fewer than 30 percent of these vintages remain both active and current, and on average, they are marked by larger negative equity positions and lower credit scores,”” Blecher said. “”That said, HARP might yet represent a viable refi option for a good portion of this pool.”” Agents & Brokers Attorneys & Title Companies Delinquency Investors Lender Processing Services Lenders & Servicers Mortgage Debt Prepayments Processing Refinance Service Providers 2012-10-03 Tory Barringer October 3, 2012 514 Views
Existing-Home Sales GDP Home Price Index New Home Sales 2016-02-22 Staff Writer Share The Week Ahead: Will Existing Home Sales Find Their Balance? Thursday, February 25, 2016FHFA House Price Index9:00 AM ETHome prices are still climbing higher, even though the season change has caused things to slow down quite a bit in the housing market. The Federal Housing Finance Agency (FHFA) reported in their House Price Index (HPI) that home prices in the U.S. increased 0.5 percent from September to October on a seasonally adjusted basis.Friday, February 26, 2016GDP8:30 AM ETMuch has been made of the economic improvements that led the Federal Reserve to raise the short-term interest rates for the first time in nearly a decade in December 2015. However, economic growth nearly ground to a halt in the Bureau of Economic Analysis (BEA)“advance” estimate for the fourth quarter of 2015, coming in at an annualized rate of 0.7 percent in the data. This estimate follows GDP growth of 2.0 percent in the third quarter and 3.9 percent in the second quarter. February 22, 2016 530 Views Expect to see an influx of industry news in the last full week of February, including the highly-anticipated existing-home sales report from the National Association of Realtors (NAR). The last two reports on existing sales for November and December were hot and cold. Now, the industry is wondering what January’s report will reveal.The NAR reported that existing-home sales rose 14.7 percent to a seasonally adjusted annual rate of 5.46 million in December, up from 4.46 million in November. Year-over-year, existing-home sales are up 7.7 percent, and December’s jump will mark the largest increase ever.”We should expect next month’s numbers to stabilize from the erratic November and December swings as agents and lenders continue to adapt to these new lending regulations. Last, the Federal Reserve’s decision to increase interest rates by 0.25 percent last month didn’t impact existing home sales, since mortgage rates have actually dropped sharply over the past month,” said Ralph B. McLaughlin, Chief Economist at Trulia.Here is the lineup for the week:Tuesday, February 23, 2016S&P Case-Shiller HPI9:00 AM ETIn the midst of what some are calling a global crisis—due to weaknesses in the energy sector and stock market combined with the effects of an overly strong U.S. dollar—home prices continue to move upward. Despite this however the housing sector is just not large enough to carry the weight of the world. The S&P/Case-Shiller U.S. National Home Price Index (HPI) found that home prices rose for the 43rd consecutive month in November 2015.Existing Home Sales10:00 AM ET”We should expect next month’s numbers to stabilize from the erratic November and December swings as agents and lenders continue to adapt to these new lending regulations. Last, the Federal Reserve’s decision to increase interest rates by 0.25 percent last month didn’t impact existing home sales, since mortgage rates have actually dropped sharply over the past month,” said Ralph B. McLaughlin, Chief Economist at Trulia.Wednesday, February 24, 2016New Home Sales10:00 AM ETBuyers are beginning to show their increasing demand for housing by purchasing more homes since the end of the financial crisis, but inventory remains an issue. U.S. Census Bureau and the HUD reported that sales of new single-family houses rose 10.8 percent from November 2015 to December 2015 to an estimated seasonally adjusted annual rate of 544,000. In November, the revised rate of new home sales was 491,000. in Daily Dose, Data, Featured, Government, News, Origination
The Week Ahead: Tracking Mortgage Loan Performance This week, CoreLogic will release the Loan Performance Insight Report on Tuesday, April 10. This report monitors U.S. mortgage performance health and tracks mortgage trends by examining all stages of delinquency as well as transition rates from one stage of delinquency to the next.In the most recent report, covering December of 2017, 5.3 percent of home mortgages were in some stage of delinquency. The foreclosure inventory rate was 0.6 percent for this recorded period, down from 0.8 percent a year earlier. The foreclosure rate was back to the pre-crisis level of 0.6 percent.The share of mortgages that were 30 to 59 days past due – considered “early-stage” delinquencies – was 2.3 percent in December 2017, while the share of mortgages 60 to 89 days past due was 0.8 percent, the increase of which reflecting the impact of the hurricanes in Texas, Florida, and Puerto Rico.The current- to 30-day transition rate remained well below housing crisis levels in December at 1.1 percent, and the 30- to 60-day transition rate was 18.8 percent, while the 60- to 90-day transition rate was 38.1 percent.Here’s what else is happening in the Week Ahead:MBA Mortgage Applications, Wednesday, 7 a.m. ESTFOMC Minutes, Wednesday, 2 p.m. ESTTreasury Budget, Wednesday, 2 p.m. ESTJobless Claims, Thursday, 8:30 a.m., ESTFed Balance Sheet, Thursday, 4.30 p.m. EST Share in Daily Dose, Data, Featured, News 2018-04-08 Staff Writer April 8, 2018 563 Views
Mark Sweeney Welcomed as IndiSoft’s Newest CTO Share 2018-07-27 Kristina Brewer in Headlines, journal, News, Technology July 27, 2018 796 Views Columbia, Maryland-based IndiSoft, a global provider of technology solutions for the financial services industry, has welcomed Mark Sweeney as their newest CTO. Sweeny will be responsible for all technical and product strategy, development, and support.“We are excited to have someone of Mark’s caliber join the IndiSoft team,” said Hans Rusli, CEO of IndiSoft. “We felt that Mark is a great fit for this role based on his experience and commitment to the evolution of technology in business. He is an innovative leader recognized for establishing and continually improving client relationships and developing application strategies.”Sweeney has more than 30 years of experience in the technology industry. He was previously senior vice president of service delivery at Bank of America and executive vice president of applications development at Countrywide Home Loans. Sweeney has proven experience in managing large technology organizations and delivering enterprise systems.“Mark’s organizational leadership, experience with governance processes, employee satisfaction and organizational metrics programs makes him ideal for this position,” said chairman and founder of IndiSoft, Sanjeev Dahiwadkar.This announcement comes five months after the company’s announcement of its newest CEO, Hans Rusli. Rusli brought over 25 years of diversified experience as a senior mortgage banking executive in servicing technology and mortgage enterprise risk management, according to the previous statement. This change shifted Sanjeev Dahiwadkar, Founder and CEO, to the position of IndiSoft’s Managing Member and Chairman of the Board.
October 9, 2018 1,012 Views Banks BCFP loans mortgage New York Fed 2018-10-09 Radhika Ojha How CFPB Impacts Mortgage Lending Share in Daily Dose, Featured, News, Origination The Bureau of Consumer Financial Protection (BCFP) was formed as part of the Dodd-Frank Act and began operations in July 2011 with the mandate to protect consumer finances and a broad authority over banks and nonbanks.How has the oversight of the bureau affected banks since it began seven years ago? A new research by the Federal Reserve Bank of New York aimed to measure the effects on banks of BCFP’s supervision and enforcement activities to answer this question.Focusing on BCFP and mortgage lenders, the research revealed that “there is no evidence that being subject to CFPB supervision and enforcement has led to lower mortgage lending for affected banks,” the New York Fed said on its Liberty Street Economics blog on Tuesday.Written by Andreas Fuster, Matthew Plosser, and James Vickery, the blog gave an overview of the research done by the bank on the impact of BCFP’s oversight on lenders. Looking at commercial and savings banks with total assets between $1 billion and $25 billion as of June 30, 2011, the research sorted them into two groups: those that became subject to the bureau’s oversight when it started operating in mid-2011 and those that did not and plotted the mortgage lending volumes for these two groups using Home Mortgage Disclosure Act data.It found that while the volume of mortgage lending for both groups fluctuated substantially over time and reflected movements in long-term interest rates and other factors, there were no obvious differential trends with lending volumes moving very closely together for the two groups.The research also estimated the lending effects of BCFP oversight by using a model that accounted for the location of mortgaged property and other loan characteristics. It found that the estimated effect of BCFP’s oversight on mortgage origination volume was economically small and “generally not statistically different from zero.””We also find that banks subject to CFPB oversight are no more likely to reject mortgage applications than other banks,” the blog said. “We find that CFPB oversight reduces affected lenders’ share of mortgage originations by at most 1.6 percentage points, a small decline relative to the overall 38 percent market share of these lenders in our sample.”However, when the research looked at the composition of mortgage lending, it found that BCFP oversight had impacted these. “Most notably, we find a 6 percent drop in the market share of CFPB-supervised banks for mortgages insured by the Federal Housing Administration (FHA). These loans tend to be riskier since they are made to lower-income borrowers and generally involve a small down payment,” the research revealed. “There is also some evidence of a drop in lending to borrowers with higher credit risk. Offsetting these declines, CFPB-supervised banks substitute toward large loans in the “jumbo” segment of the mortgage market, where borrowers tend to have higher incomes.”Click here to read the full blog and research findings.
Book clients on any Captain Cook Cruises (CCC) accommodated Fiji Cruise and CCC Fiji is offering agents and their partners a free cruise holiday aboard MV Reef Endeavour.In return for booking a client on a 3, 4, 7 or 11-night Fiji cruise, agents will receive one free night per adult booked, for themselves or their partner sharing an Ocean View Stateroom aboard the MV Reef Endeavour.Agents can accumulate their credits and have until 31 March 2019 to go on their Captain Cook Cruises Fiji cruise holiday. Additional nights not yet earned can also be booked at a special rate of only FJ$160 per person per night.This agent offer is valid on Captain Cook Cruises Fiji’ s current ‘Three Nights Free Sail’, offering three nights free for bookings on any 11 night Lau and Kadavu Discovery Cruise, 7 night Mamanuca and Yasawa Islands cruise and 7 night 4 Cultures or Colonial Discovery cruise.The ‘Three Nights Free Sail’ offers savings of up to AUD$1495.00 per person, twin share and is on sale until 31 March 2017 with travel up to 31 March 2018.The ‘Three Nights Free’ cruise sale is now on sale until 31 March 2017 and valid for travel until 31 March 2018. agent incentiveCaptain Cook Cruises FijiMV Reef Endeavour
baliCOMO Shambhala EstateSleep workshop COMO Shambhala Estate near Ubud, Bali is launching its first The Sleep Awakening workshop a six day, five night workshop led by renowned Sydney-based sleep therapist, and author of Three Weeks to Better Sleep, Tristian Kelly.Tristian Kelly.The soon-to-be-published Diary of an Insomniac chronicles Kelly’s own 20-year search for a cure to her own chronic insomnia, and continues to help others at her sleep clinic, Counting Seashells, in Sydney. She is a psychologist, naturopath, nutritionist, Western herbal medicine practitioner and homeopath. Running from from 17-22 May 2018, Kelly will help guests take control of their sleeping patterns, each day comprising 180-minutes of daily group coaching sessions as well as one-on-one consultations.“The Sleep Awakening workshop is a five day retreat that will teach you the fundamentals of sleeping well, awaken you to how your life has shaped your sleep patterns today, and lead you through how to apply your personal toolkit of sleeping tools and strategies to help you take control of sleep, rather than sleep controlling your life,” she said.COMO Shambhala Estate’s first The Sleep Awakening workshop is priced from USD$5,160.Inclusions:All daily meals, including welcome and farewell dinnersTwo daily 90-minute group classes with Tristian KellyA 30-minute one-on-one consultation with Tristian KellyA 60-minute COMO Shambhala MassageAn exclusive giftTo find out more about the workshop, contact +62 361 302 2218 or email res.CSestate@comohotels.com
When the Arizona Cardinals tabbed Bruce Arians to be their head coach, they found a guy who won the NFL’s Coach of the Year Award for the work he did the previous season.That, in itself, is a real coup for the club. However, according to NFL.com’s Jason Smith, the Cards also got the league’s best offensive play-caller.In a piece where the site’s experts were asked to nominate someone and give a reason, Smith chose the new Arizona boss and said Arians is finally getting his due as an offensive genius. It’s Bruce Arians, and everyone else. Now you know why, without a marquee running back, the Pittsburgh Steelers were so dominant while he was calling plays for them. He finally got his credit last season, as the Indianapolis Colts surprised everyone by winning 11 games with a rookie quarterback, average talent at wide receiver and tight end, and below-average talent in the backfield. And remember how the Colts did it? By driving long distances late in games to beat Minnesota, Green Bay, Tennessee and Detroit — in addition to being able to salt away other games late with time-consuming drives.Arians is what you’d call a late bloomer, but it’s terrific that he’s at the party. And even though he hired Harold Goodwin to be his offensive coordinator in Arizona, Arians will still call the plays for the Cardinals in 2013. I can’t wait to see what he does, as I expect Larry Fitzgerald to return to prominence, and Carson Palmer to turn into Kurt Warner with a late-career desert resurgence. Grace expects Greinke trade to have emotional impact 0 Comments Share Derrick Hall satisfied with D-backs’ buying and selling Other nominees on the list are New Orleans coach Sean Payton, Green Bay Boss Mike McCarthy, Houston coach Gary Kubiak, Washington offensive coordinator Kyle Shanahan, San Francisco offensive coordinator Greg Roman and Denver Broncos quarterback Peyton Manning. – / 32 The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories From Smith’s lips (or keyboard, as it may be) to the football gods’ ears. Arians has had success in Pittsburgh and Indianapolis, and there is hope he can do the same in Arizona. And with a revamped offensive line, a new quarterback, some talented running backs and some guy named Larry Fitzgerald, there’s a lot of optimism that he’ll be able to. Former Cardinals kicker Phil Dawson retires