Inspiring Canadian Signature Experiences

first_imgInspiring Canadian ‘Signature Experiences’ Canadian Tourism Commission (CTC) invited media and tourism partners to showcase some of the ‘Signature Experiences’ visitors can have when travelling to Canada.The event held at the Museum of Contemporary Art was organised by CTC to encourage a boost in travel to Canada for 2012 and to promote their collection of Signature Experiences.CTC launched its Signature Experiences initiative late last year and this year is coming out in full force.CTC Managing Director Donna Campbell said Signature Experiences was born to sift through the clutter of the competitive market space, highlighting the exceptional experiences Canada has to offer those who visit. “Signature Experience is all about those exceptional only Canadian kind of experiences which are very uniquely Canadian,” Ms Campbell said.Ms Campbell said Signature Experiences is authentic and a truthful representation of Canada’s people and culture, which engage in a variety of senses allowing visitors to connect with Canadians.Currently there are 115 Signature Experiences which are expected to continue to grow covering 10 provinces and three territories.One of the 115 Signature Experiences is the Rocky Mountaineer, which this year has launched the new SilverLeaf service which offers visitors a unique way to experience the landscapes of British Columbia and the Canadian Rockies through domed windows.Another Signature Experience is Banff National Park, Canada’s first National Park which offers incredible landscapes and has been nominated time and again as a must see destination for travellers.Edmonton, Alberta, Canada also a Signature Experience is located between Jasper National Park and Elk Island National Park, Edmonton is the gateway to majestic mountains, pristine lakes and an all year thriving arts and music festival.Coming soon is the ‘Glacier Discovery Walk’ which enables visitors a unique opportunity to interact with nature in the Jasper National Park.Scheduled to open by Spring next year the development will provide an immersive interpreted guided experiences focusing on the ecosystem, glaciology, natural and Aboriginal history of the Columbia Icefield area in the Rockies. Source = e-Travel Blackboard: S.Pcenter_img CTC Ms Donna Campbell and CTC Mr Nathan McLoughlin thaked the industry for their ongoing support in promoting CanadaCTC Managing Director Donna Campbell said the collection of Signiture Expereinces are authentic and a true representation of CanadaRocky Mountaineer’s new SilverLeaf service launched this yearLake Louise Banff-National ParkGlacier Discovery Walk will be opening in Spring 2013Guests were entertained by Edmontons own singer songwriter Ann Vriend who treated guests with her lyrical beautylast_img read more

Social media driving Aussie travellers TA

first_imgFacebooking pictures of favourite holiday spots is encouraging more Aussies to book domestic holidays, according to new research.A Tourism Australia commissioned study found that social media is impacting the way Australians travel locally, with up to 20 percent confessing to making travel decisions based on images and comments uploaded by their friends.A further 73 percent of respondents said they proactively check friends’ pages while they are on holidays to view updates and are often inspired by the content.Generation Y is the most likely to book holidays based on friends’ activities, with figures finding than more than half said they would book a holiday based on social media influence.Tourism Australia managing director Andrew McEvoy described the online sharing site as a “powerful platform” inspiring more Aussies to travel around their “own backyard”.“Long gone are the days of getting back from the family holiday and inviting round family and friends to sit through a slide show of your favourite photos,” Mr McEvoy said.  “This new research shows we are now telling stories of our great Aussie holiday adventures almost as they are happening – in real time – and, by doing so, inspiring our friends to follow in our footsteps.”Earlier this year Tourism Australia launched the next phase of its ‘There’s nothing like Australia’ campaign, focused on social media movements. Jumping onto the social media bandwagon, Qantas also unveiled its new marketing strategy last week, inviting travellers to interact with the carrier online and in the social networking sphere. Source = e-Travel Blackboard: N.Jlast_img read more

Global initiative offers exclusive LGBT benefits

first_img“Our members are at the forefront of LGBT tourism development in our region and it is clear to all that travel is a global concern and adding access to a global network and the industry-leading international resources delivered by ONBC and OutNow.travel makes a lot of sense to our organisation – and most importantly for our members,” GALTA president Rod Stringer said. Source = ETB News: Lana Bogunovich The latest research results from the LGBT2020 Study have shown that the lesbian, gay, bisexual and transgender (LGBT) communities are travelling large and spending up big, causing a significant surge in the growth of global tourism. Gay and Lesbian Tourism Australia (GALTA) has announced a joint initiative with Out Now, the organisation behind the world’s leading global LGBT tourism network, to forge an alliance with Out Now Business Class (ONBC), a trade networking association with over 900 industry members and 1,400 hotel members globally. The partnership will offer GALTA members complimentary 12 month memberships with ONBC, including unlimited inline staff training as well as allow them to connect with key industry decision makers who share the same global interest in developing LGBT tourism.last_img read more

What does this election result mean for the travel industry

first_img learn more about stuba.com here Source = STUBA.com Good or bad? Does it matter for the travel industry? You bet. Start advertising!Let’s not pretend. That election results surprised everyone. Whether it’s Jason Westbury predicting the probable change of government, the exit polls and Channel 9 news stories that showed the Liberal party “simply could not win” or the betting agencies that paid out early…It’s a bit of a surprise. The results for the travel industry might be even more surprising.Elections are seldom a good thing for travel. The thought of a changing government and the “catastrophic” impact it will have on discretionary spending tightens the purse strings. 2019 wasn’t predicted to be a massive year in travel; softer economic indicators at home, Brexit, Trumpism and trade wars with China , lower housing prices… It was a bit more about tightening of belts, if that’s still a thing.The Labour Party were predicted to win. Their policies were largely going to “cost” those with more discretionary spending capabilities than others; the same people who were going to start feeling a bit unsure about dropping $10,000 or $20,000 on their next family trip.Unexpectedly, the hit to their hip pocket, which they have been buffering against for the past six months, didn’t materialise. With promises to fast forward tax cuts, the travel industry may well see a positive bump. The Liberal party victory, whether it’s good for the environment, good for jobs, good for your superannuation… Is going to give people the confidence to spend again. In the short term anyway.With financial futures markets predicting anything between modest and brilliant gains for the sharemarket ahead, off the back of negative sentiments about this election outcome, it could well be a sweeter end to the financial year the Australian travel industry.For travel agents?The chance to make hay while the sun shines on this message probably runs until the end of the financial year. Get your message out there, get them onto a boat for a plane and having the time of their life.www.stuba.comlast_img read more

The lure of Anne of Green Gables

first_imgThe number of fans of Anne of Green Gables range around more than a million still travel thousands of miles to Canada’s Prince Edward island.Source: BBClast_img

LPS Announces Addition to Board of Directors

first_img February 8, 2013 436 Views “”Lender Processing Services, Inc.””:http://www.lpsvcs.com/Pages/default.aspx (LPS) announced the appointment of Dan Carmichael to its board of directors. [IMAGE] [COLUMN_BREAK]Carmichael also serves as the chairman of the board at Platinum Underwriters Holdings and is on the board for EagleEye Analytics and Dovetail Insurance Corporation. In addition, he is an advisor to FirstMark Capital.Previously, Carmichael held the role of president and CEO at Ohio Casualty Corporation, where he was an integral part of helping improve the company’s financial strength and performance. Before joining Ohio Casualty, Carmichael was the president and CEO of IVANS, Inc. “”Dan’s extensive experience in building, operating and charting strategic direction for a wide range of diversified businesses will add significant value to LPS’ board and stakeholders,”” said Lee A. Kennedy, chairman of the LPS board. Headquartered in Jacksonville, Florida, LPS delivers comprehensive technology solutions and services, as well as data and analytics, to the nation’s top mortgage lenders, servicers and investors. in Data, Government, Origination, Secondary Market, Servicing LPS Announces Addition to Board of Directorscenter_img Agents & Brokers Attorneys & Title Companies Investors Lender Processing Services Lenders & Servicers Movers & Shakers Processing Service Providers 2013-02-08 Esther Cho Sharelast_img read more

Refinance Challenges Expected for CRE Segments

first_imgRefinance Challenges Expected for CRE Segments Share in Data As the 10-year anniversary of the previous market peak in commercial real estate (CRE) approaches, lenders and investors are looking ahead to a wave of refinancing that could spell trouble for the market. [IMAGE]An estimated $1.4 trillion in commercial mortgages will mature between 2014 and 2017. Thirty percent of these maturing loans are in the Northeast, 20 percent in the Pacific and Southeast regions, and less than 15 percent in the Midwest, Southwest, and Mountain states regions.In the years leading up to the economic downturn, lenders became more aggressive and eased requirements in order to increase volume and satisfy investor demand for securitized CRE products. Loans originated in 2004 and 2005 generally had a lower loan-to-value (LTV) ratio than those originated in 2006 and 2007. A higher LTV ratio indicates more debt as a percentage of equity and therefore more risk. Since the majority of these loans have ten year terms, the 2004 through 2007 loans will come due in the next three years.””Trepp””:https://www.trepp.com/ data show that most CRE loans underwritten in 2013 have an LTV ratio of about 60 percent, while multifamily loans have an LTV around 70 percent. Loans with too high of an LTV ratio may not meet upcoming tighter standards without injecting additional equity.Multifamily is among the healthiest property segments, so borrowers will face the least difficulty refinancing. Multifamily loans tend to have a higher LTV ratio than [COLUMN_BREAK]other commercial properties, but the segment is performing well, and demand for rental housing is strong. Multifamily loans in Northeast states could face problems in 2016, and trouble may land in 2017 for Pacific and Southeast states.The lodging sector is currently performing well, but because of the cyclical nature of the hospitality business and its strong correlation to economic activity, it has significant potential for volatility, Trepp says. These borrowers trying to refinance should be able to meet loan-to-value requirements in 2014 and 2015, but in 2016 and 2017, borrowers may need to inject more equity to meet tightening standards.Office property loans maturing in 2017 have a much higher LTV ratio than those maturing in 2014. The office sector’s recovery has been slow and uneven. Top markets are performing well, but lenders have been more restrictive in secondary and tertiary markets. In 2014, borrowers should have little trouble refinancing, but between 2015 and 2017, refinancing troubles could emerge unless we see significant property value appreciation or a loosening of credit standards.Industrial properties borrowers may face significant challenges in refinancing. In 2014, the LTV ratios for maturing loans are close to those for recently originated loans, which may limit refinancing problems, but the story changes in 2015. Interestingly, industrial is one of few product types where the LTV ratio for maturing loans decreases in 2017.Retail could prove the most problematic segment. The LTV ratio for loans maturing between 2014 and 2017 is consistently higher than those of recently originated loans. Retail market fundamentals are improving slowly, and investor demand for properties has improved. Even so, ongoing economic uncertainty and higher taxes have had a negative impact on spending and retailers, all of which will affect lenders’ willingness to refinance maturing loans.In almost every region of the country, Trepp expects retail borrowers will find it difficult to meet current LTV requirements when refinancing.center_img December 26, 2013 460 Views Agents & Brokers Attorneys & Title Companies Commercial Real Estate Investors Lenders & Servicers Loan-to-Value Ratio Multifamily Refinance Service Providers Trepp 2013-12-26 Howard Goldthwaitelast_img read more

AllCash Home Sales Climb to Record High

first_imgAll-Cash Home Sales Climb to Record High May 8, 2014 475 Views Share All-cash Investors RealtyTrac 2014-05-08 Colin Robinscenter_img in Daily Dose, Data, Headlines, News The share of all-cash sales reached a new high in the first quarter of 2014, even as the total share of institutional investor purchases dropped to near-record lows. All-cash sales made up 42.7 percent of all U.S. residential property sales for Q1, up from 37.8 percent from the previous quarter, according to RealtyTrac’s U.S. Institutional Investor and Cash Sales Report.All-cash sales increased yearly as well, up from 19.1 percent of all sales in Q1 2013.  All-cash sales are the highest they have been since RealtyTrac began tracking this data in 2011.”Strict lending standards combined with low inventory continue to give the advantage to investors and other cash buyers in this housing market,” said Daren Blomquist, VP at RealtyTrac. “The good news is that as institutional investors pull back their purchasing in many markets across the country, there is still strong demand from other cash buyers—including individual investors, second-home buyers and even owner-occupant buyers—to fill the vacuum of demand left by institutional investors.”The average sales price of an all-cash purchase, $207,668, was 13 percent below the average estimated full market value of $237,900.While all-cash purchases were soaring to new heights to start the year, total investor purchases dropped to the lowest level seen since Q1 2012.About 5.6 percent of all U.S. residential sales in Q1 2014 were from institutional investors, which RealtyTrac notates as a non-lending entity that purchases at least 10 properties in the past 12 months.Q1’s figure was a step down from the 6.8 percent rate in Q4 2013, and down from 7.0 percent in Q1 2013.”While the institutional investor purchase share declined in the first quarter in 18 of the top 20 markets for institutional investor share a year ago, home prices continued to appreciate in most of those markets, albeit at a slower pace in many cases,” Blomquist added.In total, 84 percent of investor purchases were all-cash in the first quarter, and slightly older homes fared better than newer homes in the eyes of investors. Thirty-five percent of homes purchased by investors were built in the year 2000 or later and 50 percent built from 1990 or later.The average sales price among investor purchases was $128,747, which represents 18 percent below the average “after repairs” market value of homes.Among metropolitan statistical areas with a population of at least 500,000, those with the top five highest percentages of cash sales were all in Florida: Cape Coral-Fort Myers (73.6 percent), Miami (67.1 percent), Sarasota (65.1 percent), Palm Bay (64.1 percent), and Lakeland, (61.8 percent).Among metropolitan statistical areas with a population of at least 500,000, those with the biggest annual increase in share of institutional investor purchases were Baton Rouge, Louisiana (up 131 percent); San Francisco, California (up 92 percent); McAllen, Texas (up 62 percent); Allentown, Pennsylvania (up 49 percent); and Omaha, Nebraska (up 49 percent).last_img read more

Mortgage Rates Hold Near AllTime Lows

first_img Mortgage rates moved in a small range this week, hovering close to historical lows as economic troubles around the world weighed against progress at home.According to data released by Freddie Mac on Thursday, the average interest rate for a 30-year fixed-rate mortgage (FRM) loan was 3.66 percent (0.6 point) for the week ending January 29. This week’s movement marked a slight increase from last week’s average 3.63 percent—the first time this year that rates have gone up in the company’s survey.The 15-year FRM averaged 3.98 percent (0.5 point), up from 2.93 percent last week.Average rates on adjustable-rate mortgages (ARMs) also slid up for the week. According to Freddie, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86 percent (0.4 point) this week, up from 2.83 percent, while the 1-year ARM averaged 2.38 percent (0.4 point), up from 2.37 percent.”Mortgage rates ticked up this week for the first time in 2015 following positive home sales reports,” said Len Kiefer, deputy chief economist for Freddie Mac. “New home sales surged 11.6 percent in December beating market expectations. Likewise, existing home sales rose 2.4 percent to an annual rate of 5.04 million homes in December.”Meanwhile, finance site Bankrate.com recorded rate declines in its weekly survey, putting the 30-year fixed average at 3.80 percent from last week’s 3.81 percent. The 15-year fixed average fell more, dropping 5 basis points to 3.13 percent.The 5/1 ARM was unchanged in Bankrate’s report, resting at 3.19 percent.”Mortgage rates remain at the lowest levels since May 2013, despite an improving U.S. economy,” analysts for the site said. “The economic sluggishness overseas and increased stimulus from other central banks around the globe have kept the Federal Reserve ‘patient’ about raising interest rates and helped bring both bond yields and mortgage rates lower.”While the economic situation overseas got only a passing nod in the Federal Open Market Committee’s latest statement, policymakers at the Fed don’t seem interested in pushing their schedule for rate hikes forward, citing a decline in inflation as energy costs fall.Experts expect that at this rate, the earliest the central bank will act on interest rates is in the summer. Mortgage Rates Hold Near All-Time Lows January 29, 2015 479 Views Adjustable-Rate Mortgages Bankrate Fixed-Rate Mortgages Mortgage Rates 2015-01-29 Tory Barringercenter_img in Daily Dose, Data, Headlines, News Sharelast_img read more

Foreign Homebuyers Discouraged by Strong Dollar US Markets

first_img Appreciation CoreLogic Foreign Homebuyers Home Prices Home Sales 2015-07-13 Staff Writer Foreign Homebuyers Discouraged by Strong Dollar U.S. Markets Although home sales in the U.S. have reached their highest peak since 2007 during the first four months of 2015, foreign homebuyers are not adding to these growing sales. According to a blog by Frank Nothaft, CoreLogic’s chief economist, in relation to the same period one year ago, home sales jumped 9 percent with the help of lower fixed mortgage rates by one-half percentage point, but foreign buyers did not help with this increase.Nothaft noted that in a National Association of Realtors (NAR) report, the number of U.S. homebuyers who identified as international dropped to 2 percent during the first four months of 2015 from 2.5 percent a year earlier. This equaled a 19 percent decline. Approximately three-fourths of real estate agents who work with international clients said that foreign exchange rate changes have a moderate to very significant effect on foreign homebuying.“The U.S. dollar has strengthened against currencies used by many foreigners who buy homes in the U.S,” Nothaft said. “From the beginning of 2014 through April 2015, the U.S. dollar had appreciated 10 percent relative to the United Kingdom pound, 13 percent relative to the Canadian dollar, and 26 percent relative to the euro. Notable exceptions to these large swings in foreign exchange values were the Chinese yuan and Hong Kong dollar, which have closely tracked the value of the U.S dollar.”According to the blog, a stronger U.S. dollar makes property more expensive for foreign buyers who have weaker currencies. This explains why foreign buyer purchases have dropped, mostly for those that were affected by the foreign exchange swing.“Between the first four months of 2014 and the same four months of 2015, the number of homes sold to foreign buyers drastically declined,” Nothaft said. “Foreign purchases were down between one-quarter to one-third during this period for buyers whose currencies depreciated significantly relative to the U.S. dollar, even though domestic purchases rose.”On top of the sticker shock caused by the stronger U.S. dollar, Nothaft says that the markets where foreigners tend to buy have also had strong home price appreciation in the last few years.“Foreign buying could continue to decline, level off or increase in 2016 depending on the value of the U.S. dollar relative to most foreign currencies, but the uncertainties surrounding how the Eurozone will resolve the debt crisis in Greece has made it more difficult to project foreign currency movements,” Nothaft concluded. July 13, 2015 528 Views center_img in Daily Dose, Featured, News, Origination Sharelast_img read more

Mixed Reviews for GSE Trust Fund Contribution

first_imgMixed Reviews for GSE Trust Fund Contribution Last week, Fannie Mae and Freddie Mac announced they would be contributing $186 million to the National Housing Trust Fund (NHTF) in order to provide for funding for construction of affordable rental housing for low-income families.It is the GSEs’ first contribution to the NHTF after more than a seven-year suspension. The contributions which were originally intended to start when the NHTF was created in 2008 but suspended when the Fannie Mae and Freddie Mac were taken into conservatorship by the Federal Housing Finance Agency (FHFA). FHFA Director Mel Watt announced in December 2014 that he was lifting the temporary suspension of GSE contributions to the Housing Trust Fund.The contribution drew heavy criticism from Republican lawmakers because of perceived risk to taxpayers while the GSEs remain in conservatorship. Rep. Jeb Hensarling (R-Texas) Chairman of the House Financial Services Committee, said the move “sows the seeds for the next housing crisis.” Rep. Ed Royce (R-California), a senior member of the House Financial Services Committee, stated that “We must stop the egregious siphoning of money from the GSEs to this housing slush fund.” Royce introduced the Pay Back the Taxpayers Act of 2015 in January 2015, proposing that no funds from Fannie and Freddie can be used to fund the national Housing Trust Fund while the GSEs are in conservatorship or receivership.While Republican opposition to the contribution of GSE funds to the NHTF, housing advocates and civil rights groups that have been calling on FHFA and Congress to strengthen the lending market and homeownership rates, particularly among African Americans, Hispanics, and low-income communities, were equally passionate about it in the other direction, offering widespread praise for the move.“Allowing Fannie Mae and Freddie Mac to contribute to the National Housing Trust Fund is another significant measure taken by FHFA Director Mel Watt to shore up the commitments made to communities of color that expand affordable and sustainable housing finance,” Wade Henderson, President and CEO of The Leadership Conference on Civil and Human Rights. “The strengthening of this fund will help provide revenue to build, preserve, and rehabilitate housing for people with the lowest incomes. A portion of the Trust Fund may also be used for homeownership activities for people with very low incomes, beginning what we hope is another of many steps to open homeownership to millions of more Americans. We thank Director Watt for his continued leadership on this issue.”“Making a payment to the National Housing Trust Fund is a huge step to re-engage Fannie Mae and Freddie Mac in the low- and moderate-income housing market,” said Doug Ryan, Director, Affordable Homeownership, Corporation for Enterprise Development (CFED). “Another needed step is to build a capital buffer so the Enterprises can effectively, and for the long-term, fund homeownership for LMI communities and communities of color through Duty to Serve, Affordable Housing Goals and other programs and initiatives.”“Dithering on this issue jeopardizes the future of homeownership for millions who continue to seek economic stability, including African-American, Latino, and low-income communities.”Wade Henderson, Leadership Conference on Civil and Human RightsAccording to Brent Wilkes, National Executive Director, League of United Latin American Citizens (LULAC): “Fannie Mae and Freddie Mac’s first payment to the National Housing Trust Fund is a long overdue step in the right direction that will help them fulfill their duties to provide services for underserved families in need of affordable housing and in pursuit of homeownership. We commend Director Watt for taking this bold step in the face of congressional inaction on housing reform. Latino families continue to fight their way back to the peak of homeownership rates prior to the housing collapse. We cannot afford to abandon those programs that will help restore the financial stability of these communities.”At the same time, however, those praising the GSEs’ contribution to the Housing Trust Fund were wary of the risk it poses to taxpayers.“However, we remain concerned about continued inaction on housing reform. Director Watt’s comments that the unending conservatorship of Fannie Mae and Freddie Mac poses a danger to the taxpayer—which should have served as a wake-up call for our leaders—are a positive step in encouraging a change to the status quo,” Henderson said. “The current arrangement, which will reduce Fannie Mae and Freddie Mac’s capital to zero at the end of 2017, will ultimately leave taxpayers on the hook for another bailout should the GSEs falter again. Building a capital buffer is the next logical step in rectifying a situation that has long been ignored, to the detriment of the American people.”Henderson continued, “Dithering on this issue jeopardizes the future of homeownership for millions who continue to seek economic stability, including African-American, Latino, and low-income communities. This is why we encourage Director Watt to operate within his authority and take action to allow for the building of a capital buffer against future losses. This would allow the GSEs to better fulfill their mandates and help more Americans achieve the pinnacle of the American Dream: homeownership.According to Wilkes, “We strongly urge Director Watt to go one step further by acting within FHFA’s purview and allow Fannie and Freddie to rebuild sufficient capital that would allow them to continue executing their commitment to underserved families, while protecting our taxpayers should the GSEs falter.” in Daily Dose, Government, Headlines, News, Secondary Market March 24, 2016 642 Views center_img Fannie Mae Freddie Mac National Housing Trust Fund 2016-03-24 Staff Writer Sharelast_img read more

CFPB Student Loan Complaints Tie to Homeownership

first_img October 16, 2017 918 Views CFPB: Student Loan Complaints Tie to Homeownership On Monday the Consumer Financial Protection Bureau (CFPB) released its “Annual Report of the CFPB Student Loan Ombudsman.” The analysis examines complaints logged against over 250 student loan servicers, debt collectors, private student lenders, and companies marketing in “debt relief.” The CFPB Student Loan Ombudsman received approximately 22,900 complaints between September 1st, 2016 and August 31st, 2017 related to federal and private student loan servicing, as well as debt collection during that time.Among the complaints, many borrowers mention the difficulties of accessing loan benefits and protections advertised by these companies, particularly interest-rate reductions for on-time payments and repayment incentives when their loans are automatically deferred due to their enrollment status. In addition, loan co-signers complained that being party to the debt “negatively affects their ability to access other credit, like mortgage and home equity loans.” Borrowers and cosigners report that being approved for a co-signer release has not been adequately explained.According to the National Association of Realtors, 71 percent of nonhomeowners polled believe their student debt is delaying them from becoming homeowners. 52 percent of buyers expect to be delayed five years or more from buying a home.As reported by MReport, student loan debt has significantly increased in recent years. In Q1 2017, debt grew by $34 billion, totaling at $1.34 trillion, according to the New York Federal Reserve. Student loans have also remained high at 11.2 percent, the highest rate of delinquency among debt covered by the federal government.These numbers become even more ominous in light of a recent report released by the New York Federal Reserve that shows household debt is on the rise, totaling  $12.73 trillion in Q1 2017.“While most delinquency flows have improved markedly since the Great Recession and remain low overall, there are divergent trends among debt types. Auto loan and credit card delinquency flows are now trending upwards, and those for student loans remain stubbornly high,” said Donghoon Lee, Research Officer at the New York Fed.        Sharecenter_img Borrowers CFPB. Consumer Financial Protection Bureau Donghoon Lee mortgage National Association of Realtors New York Federal Reserve Servicers Student Loans 2017-10-16 Dean Terrell in Daily Dose, Featured, Government, journal, Servicinglast_img read more

Buyers are out There

first_img in Daily Dose, Data, Featured, News Housing demand is starting to cool, according to the Housing Demand Index (HDI) released by Redfin. The Index dropped to 134 in October—a 1.7 percent decrease from 137 in September. Despite a dip in month-over-month demand, the Index increased 26.6 percent year-over-year in October. Determining the data is based on thousands of Redfin customers requesting home tours and writing offers, with a level of 100 representing the historical average for the three-year period from January 2013 to December 2015.Contributing to the HDI’s drop was a decline in tour requests for the month as the seasonally adjusted number of buyers requesting home tours remained flat from September to October, increasing by only 0.6 percent, while the number making offers fell 5.4 percent. Compared to last year, 43.7 percent more buyers requested tours in October and 4.4 percent more wrote offers.According to Redfin, the declines are likely a result of waning inventory, as October marked the 29th straight month of year-over-year inventory declines and the fourth consecutive month of double-digit declines. “The fact that touring activity remained constant while offers dropped off in October tells us that the buyers are still there; there’s just not much to bid on,” said Nela Richardson, Chief Economist at Redfin.  Among the 15 metro areas that the Index covers, there were 14.8 percent fewer homes for sale last month than there were a year prior. Although, new listings posted an increase for the first time in five months, up 2.6 percent in October.“The small boost in the number of homes newly listed for sale is certainly the bright spot of this report,” Richardson added. “Additionally, the most serious buyers can rejoice that we are nearing the holidays, which bring less competition from other buyers for homes that sellers are often very eager to unload before the new year.”To view the full report, click here. Buyers are out There . . . December 1, 2017 509 Views center_img Share HOUSING Housing Demand mortgage Nela Richardson Redfin 2017-12-01 Nicole Caspersonlast_img read more

Dbacks president Derrick Hall Franchise still f

first_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Nevada officials reach out to D-backs on potential relocation While learning curves may be perfectly normal and acceptable, Cardinals fans may have reason to worry about Horton’s reluctance to start rookies in the secondary.After all, the Cardinals did invest their first round pick, fifth overall, on LSU cornerback Patrick Peterson.If there is any truth to the rumors the Cardinals are considering trading Dominique Rodgers-Cromartie, Peterson may be forced to start immediately.However, there have also been rumors the Cardinals are interested in free agent Ike Taylor, who has spent the last eight seasons in Pittsburgh and may aid Peterson’s adjustment to the NFL. Top Stories What an MLB source said about the D-backs’ trade haul for Greinkecenter_img Comments   Share   Cardinals expect improving Murphy to contribute right away The NFL lockout has stressed everyone in the NFL. Yet, it may cause even more stress to teams with new coaches and coordinators.The Arizona Cardinals are among these teams and new Defensive Coordinator Ray Horton admits his defense may take some time for the players to learn.“There’s a tremendous learning curve,” Horton said in an interview with the team’s website prior to the lockout. “We have found in Pittsburgh that very few rookies start because the system is so complicated and very few start on the back end because if the defensive backs make a mistake it’s a touchdown. So there is a learning curve and with no potential offseason, that’s going to put us behind the 8 ball.”last_img read more

Top Stories

first_img Top Stories D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Comments   Share   He did, though, say Wells has wanted to be the top running back for the team, and now is his chance to show he can get the job done.“After one year of a lot of promise and then another year where it didn’t quite go as well as anybody wanted,” Whisenhunt said. “Beanie is a very talented player, he’s had a lot to learn and hopefully now he’s in a position where there’s a very clear message about what his mission is, that’s to be the guy.“Hopefully he’ll take those reins and, to be cliche, run with them.”ArizonaSports.com’s Kyndra de St. Aubin contributed to this report Cardinals expect improving Murphy to contribute right awaycenter_img The Cardinals drafted Beanie Wells with the hope that he would become the featured back the team had lacked.Wells, in turn, rushed for 793 yards and seven touchdowns as a rookie, flashing the ability and stiff-arm that made the Cardinals excited to have him.But then 2010 happened, and a preseason injury derailed Wells’ season almost before it even began. However, it’s time to turn the page.Wells has ascended to the No. 1 role almost by default, since the team traded Tim Hightower to Washington, and while it may seem like one final chance to prove his worth, Head Coach Ken Whisenhunt said it would be premature to call it a “make or break” year for the former Ohio State star. What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocationlast_img read more

I think weve always been fair about trying to pu

first_img“I think we’ve always been fair about trying to put ourteam in the best position to win and playing the bestplayers, no matter what,” Cardinals coach Ken Whisenhuntsaid. Whisenhunt is the type of coach who does not want to see aplayer lose his job due to injury, saying that it’s toughto leave a guy who was playing well on the bench once he’shealthy.“You always want to give him his opportunity to come backand get his position back,” he said. “I don’t think it’sfair.”However, like Skelton, Kolb was not exactly playing at ahigh level when he went down. Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away Top Stories Of the Arizona Cardinals’ seven wins this season, JohnSkelton has been the quarterback of note in five of them. Skelton’s lone loss came November 20th at San Francisco, agame where he completed just 6 of 19 passes for 99 yardsand three interceptions.Since then the second-year pro has completed 59 of 97passes for 709 yards, with four touchdowns against fiveinterceptions. While not great, Skelton has gotten better, and theCardinals keep winning. So that begs the question:assuming both Skelton and Kevin Kolb are healthy, who isthe team’s starter?center_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke Comments   Share   last_img read more

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first_img Comments   Share   The women in attendance made sure to welcome Tatum warmlyand with loud screams.“I made a one-handed catch in practice and I thought thefans were [cheering] for me and I looked back and it was[Tatum] doing some stretch,” Rhodes joked. What an MLB source said about the D-backs’ trade haul for Greinke D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Cardinals expect improving Murphy to contribute right awaycenter_img Nevada officials reach out to D-backs on potential relocation There was a frenzy at the Arizona Cardinals training campin Flagstaff on Thursday and it had nothing to do with theproduct practicing on the football field.Hundreds of women were swooning over the A-list celebritythat was amongst the crowd. “Magic Mike” star ChanningTatum made an appearance at camp to support his long-timefriend, Cardinals safety Kerry Rhodes.“It was a mob scene,” Rhodes told Arizona Sports 620’s TheBig Red Rage. “Literally like on any other day, it’sprobably 10 people down there. Today it was quite a few.” Top Stories last_img read more

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first_imgJACKSONVILLE8591524.56496125853+573.5315-33 CHICAGO8311444.575100416257+576.8829-19 BALTIMORE9561595.599112546833+3587.0234-14 TEAMCOMPATTCOMP %YARDS TDINTTD/INT RATIOPASSERRATING3-YEAR RECORD CINCINNATI10081665.605113027550+2583.3223-25 PITTSBURGH9931592.624122357038+3290.8032-16 SEATTLE8821458.605102145644+1281.9125-23 DALLAS11891804.659136539150+4093.8122-26 SAN DIEGO10631654.643129768348+3592.9624-24 CLEVELAND9441614.585101714549-473.7214-34 Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impact NEW ORLEANS13451994.6751532812255+6799.2231-17 BUFFALO9611608.598106587263+978.1016-32 Top Stories GREEN BAY11021651.6671385812229+93109.9936-12 HOUSTON10071595.631121126634+3291.2528-20 INDIANAPOLIS10911841.593122977049+2180.8823-25 NY GIANTS10211667.612129028656+3088.5728-20 WASHINGTON9861638.602119856451+1382.7821-27 SAN FRANCISCO8481387.611103576028+3290.1530-18 MINNESOTA8911498.59595175255-374.3919-29 Derrick Hall satisfied with D-backs’ buying and selling Most who followed the team in any capacity knew there would be a drop off from the production at the quarterback position after Warner’s exodus. But you would have had to be Nostradamus after LASIK surgery to see at the time how badly the position would suffer.In Warner’s last three seasons as a Cardinal, he completed 65.4 percent (1,021-of-1,562) of his passes for 11,753 yards with 83 touchdowns and only 45 interceptions. In that time span, Warner was 24-18 as a starter while guiding the Cardinals to back-to-back NFC West titles and an appearance in Super Bowl XLIII.I’m not breaking any news here, but the three years that have followed have been a quarterbacking disaster.Don’t believe me? Look at the numbers. The Cardinals are 18-30 since Warner’s retirement, which is the fifth-worst record in the league in that span. But concentrating just on QB play, Arizona has been even worse. The six-headed monster (comprised of Derek Anderson, Max Hall, John Skelton, Kevin Kolb, Ryan Lindley and Brian Hoyer) has completed 929-of-1,719 passes for 10,601 yards with 42 touchdowns and 63 interceptions. They combined to complete only 54 percent of their passes, the worst in the league over the three-season span (the Jets are next-worst at 55.6 percent.) They’ve combined to throw only 42 touchdown passes in 48 regular season games — the worst mark in the league. To put that in perspective, Drew Brees of the New Orleans Saints has thrown more than that in each of the last two regular seasons! TENNESSEE8441598.591109686345+1881.3221-27 NY JETS8701565.556101406051+974.6125-23 MIAMI9081530.593106055047+378.5120-28 PHILADELPHIA10451733.603125666853+1582.8822-26 DETROIT12512039.614142118949+4086.7920-28 CAROLINA8521493.571106514950-176.3515-33 TAMPA BAY9821648.596115467047+2383.2121-27 ARIZONA9291719.540106014263-2165.6918-30 ST. LOUIS9781696.577105534939+1076.1116-32 – / 21 KANSAS CITY8461450.58394144846+275.5719-29 OAKLAND9701644.590118826255+780.0020-28 0 Comments   Share   NEW ENGLAND11351760.6451412311026+84103.9439-9 DENVER9531597.597116868236+4690.0225-23 The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Compounding the lack of touchdown passes is the number of interceptions Cardinals quarterbacks have thrown — 63, tied for the most in the league with Buffalo. The Cardinals are one of only four teams along with Carolina, Minnesota and Cleveland, with a negative touchdown-to-interception ratio, and their mark (-21) is 17 picks worse than the second-worst team.And then we come to the all-important stat of Passer Rating. While, predictably, teams like Green Bay (109.99), New England (103.94) and New Orleans (99.22) top the list, the Cardinals bring up the rear with a paltry figure of 65.69 — by far the worst in the league since the beginning of the 2011 season. Second-worst? Jacksonville, with a rating of 73.53.Sorry I had to be the one to crystallize the ineptitude of Cardinals quarterbacks in the last three years. Sure, you had a good idea about it already, but still.The bad news is the Cardinals still haven’t found a solution at the position heading into the 2013 season.NFL PASSING STATS 2010-2012 ATLANTA11481786.643128098936+5393.7436-12 I’m sure this isn’t the first time you’ve read a reference to the fact that it was three years ago — January 29, 2010 — that Arizona Cardinals quarterback Kurt Warner hung up his cleats after a stellar 12-year NFL career. Unfortunately, it will be the most painful reminder of that event.It hurt at the time. The Cardinals were not only relevant for the first time since they had moved to the Valley from St. Louis in 1988, they were among the best and most exciting teams in the league.last_img read more

Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires Needless to say, there is a good amount of risk in investing a high draft pick on a talented but troubled player like Mathieu.But Stewart Mandel, who covers college football for Sports Illustrated, knows exactly why the Cardinals took that risk.“During the draft, when he got picked and they showed the highlights, for me, it was like a trip down memory lane,” Mandel told Doug and Wolf on Arizona Sports 620 Friday. “I had forgotten just how exciting a player he was in the 2011 season. LSU went to the national title game and he was one of the central figures of it.”The Cardinals will rely on Mathieu’s former LSU teammates Patrick Peterson and Kevin Minter to mentor him and keep him walking a clean path. If they can, Mandel believes Mathieu will have a productive career in the desert.“I just really hope he’s got the right support around him to keep him out of trouble, and if he does, I think he can be a tremendously impactful player — at the very least on special teams or as a returner and possibly also as a corner or safety,” Mandel said. Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   center_img Top Stories LISTEN: Stewart Mandel , Sports Illustrated College Analyst Your browser does not support the audio element. When the Arizona Cardinals selected cornerback Tyrann Mathieu out of LSU with a third-round pick in last week’s NFL Draft, many raised an eyebrow.Mathieu, who finished fifth in the 2011 Heisman Trophy balloting, did not play in 2012 after being kicked off the LSU roster by head coach Les Miles. Mathieu had failed repeated drug tests which led to his dismissal. Following an abbreviated stay in a drug treatment center, Mathieu and three other former LSU players were arrested for possession of marijuana.last_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling On October 2, 2005, the Arizona Cardinals won a home game against the San Francisco 49ers by a score of 31-14. It was a special win, however, not because Arizona beat a division rival, but because the game was played at Estadio Azteca in Mexico City in the first NFL contest held outside of the United States. Since then, the NFL has made playing a regular season game on foreign soil a staple, though since 2007 each one has been held at Wembley Stadium in London, England. Vrentas noted that while Bidwill was excited about the possibility of his team being part of the series, he would like to do it on one condition: that the Cardinals serve as the visiting team and thus do not lose a home game. Top Stories Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Sunday, the first of three London games was held, as the Miami Dolphins beat the Oakland Raiders 38-14. According to MMQB.com’s Jenny Vrentas, Cardinals president Michael Bidwill was in England to check out the game as well as the operation itself.…with the Cardinals on a bye, Bidwill decided to come check out the overseas operation. So he called Mark Waller, the NFL’s executive vice president of international, last Monday, six days before the game. “I wanted to see the facilities, the new Wembley Stadium, the fan experience, and really, have new data points,” said Bidwill, whose family has owned the Cardinals for more than 80 years. “We are asked to consider lots of things about extending the series, and so I wanted to see what it was like.” Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retireslast_img read more