Kerala Tourism goes Kindle with its destination books

first_imgFive well illustrated books on Kerala’s major tourism destinations explaining its rich history and natural beauty will now be available on Kindle. The five books, explaining Kerala’s rich history and its natural beauty are ‘Kerala and the Spice Routes’, ‘Silent Valley National Park’, ‘Periyar Tiger Reserve’, ‘Eravikulam National Park’ and ‘Parambikulam Tiger Reserve’.All these books are products of months of research and contain pictures taken by professionals in nature and wildlife photography. The books are not only a demonstration of state’s rich natural diversity, but also an attempt to create willing participants in forest and wildlife conservation and protection.last_img

UNWTO declares Egypts Luxor as World Tourism Capital for 2016

first_imgLuxor, Egypt has been unanimously chosen as the ‘World Tourism Capital’ this year by the Executive Council of the United Nations World Tourism Organisation (UNWTO). It will also be the host destination for the UNWTO meetings in October, 2016.Egypt chaired the 103rd session held in Malaga, Spain in May under the title ‘Tourism and Security: Towards a Framework for Safe, Secure and Seamless Travel’. About 20 Tourism Ministers with delegations from more than 50 countries, representatives from 500 tourist organisations, and agencies from 130 countries congregated at the session.50 countries unanimously chose Luxor as the host for the 104th session, scheduled for October 30-November 1, 2016. Besides, Luxor will also be hosting the 5th Global Summit on City Tourism from November 1-3, 2016.last_img read more

Abu Dhabi Film Commission brings new Indian production to the capital

first_imgAbu Dhabi Film Commission (ADFC) has secured a new Indian production for which the capital will serve as the second filming location for two weeks.Upcoming Telugu feature film, Duvvada Jagannadham (also known as DJ) is written and directed by Harish Shankar and will be shot in various locations across the Emirate including Abu Dhabi Global Market, Abu Dhabi National Exhibition Centre (ADNEC), Intercontinental Hotel, Yas Links Golf Club and Galleria Mall, with access to twofour54’s production services.Maryam Al Mheiri, Acting CEO, twofour54, said, “twofour54 is growing a reputation as a trusted industry partner for productions of every size and from different markets. The geographic proximity of the Emirate to India as well as our world-class production infrastructure and services have been key to the projects we have previously supported and we are delighted to be welcoming the fourth Indian production to Abu Dhabi. Our experience in servicing box office hits strengthens our position as a leading content creation hub that matches expectations of producers from around the world.”Jassim Al Nowais, Manager, ADFC, said, “India is the world’s largest film industry with rich stories and content to be produced from every corner of the country. We are proud to have partnered with some of India’s top producers in facilitating their filming experience in Abu Dhabi over the past few years having successfully delivered Baby, Bang Bang! and more recently, Dishoom. The capital’s diverse filming locations, local production services and support, as well as a 30% cash rebate, have helped us reach new milestones and attract projects that target a wide range of audiences and we look forward to working with the cast and crew of DJ in Abu Dhabi.”Writer and Director of DJ, Harish Shankar, added, “ADFC and twofour54 have checked all the boxes of our requirements; from the variety of locations to world-class production services support and infrastructure. Abu Dhabi’s production industry has now become closely correlated with India given the prominent reputation it has built in a short period of time as a filming destination and we are excited about working together on this project.”last_img read more

IBTM Americas to be held in Mexico City

first_imgIBTM Americas, the recent trade show in IBTM’s global portfolio of Meetings, Incentive, Conferences and Events (MICE) industry, is scheduled to take place on September 5-6 in Mexico City, Mexico.Commenting on the event, David Hidalgo, Show Director, IBTM Americas, said, “We’re very excited to welcome our new exhibitors for the first edition of IBTM Americas with its new, broader geographic remit. We’re following a very successful event in 2017 and, with the market in Latin America still very much in the ascendant, we’re confident our new exhibitors will find the event an excellent opportunity to grow their business.”“We have ambitious plans for IBTM Americas and are committed to ensuring it serves not only as a great backdrop against which to do business, but also to inspire our attendees, enabling them to take away tangible learnings and ideas for how they can grow their business,” he added.IBTM Americas is the result of the amalgamation of IBTM’s successful Latin America event with its North American event. The decision to merge the two events was taken in 2017 to enable IBTM to capitalise on the growing success of its Mexico City event and the rapid development of the market in that region while allowing for growth in the North America market.last_img read more

Republic of Turkey updates eVisa application rules

first_imgIndian nationals having the supporting document (visa or residence permit from Schengen or from the U.S., UK and Ireland) are eligible for Turkish e-Visa. Turkish e-visa is equivalent to the sticker visa issued at Turkish missions.E-visa kiosks at any airports in Istanbul will not be available after October 28, 2018. One needs to get e-visa before departure to Turkey and those with not a valid U.S., UK, Ireland and Schengen visa, can apply at the consulate.Turkish e-visa is only valid when the purpose of travel is tourism or commerce. For other purposes, such as work and study, the Turkish Embassy or Consulates will issue the visa.All Indian passport holders travelling to Turkey will have to procure the visa before departure. Going forward, there will be no visa-on-arrival service in Turkey.last_img read more

Remodeling Stayed Flat During First Quarter NAHB

first_img Agents & Brokers Homebuilders Investors Lenders & Servicers National Association of Home Builders Service Providers 2012-05-02 Ryan Schuette Remodeling Stayed Flat During First Quarter: NAHB Remodeling activity fell flat during the first quarter this year, according to the “”National Association of Home Builders””:http://www.nahb.org/ (NAHB).[IMAGE]The trade group recently released a Remodeling Market Index that found remodeling activity dropping to 47 from 48 over the last quarter. Anything below 50 for the index indicates that more remodelers say that market activity is less than high.The index climbed down by one point to 49 over the first quarter, with future indicators of remodeling business down two points to 44.””We are seeing that the demand for remodeling work has been pulled forward because of a mild[COLUMN_BREAK]winter,”” NAHB Remodelers Chairman George Moore said in a statement. “”That is why many remodelers reported lower numbers for future activity.””Three components shifted in different directions over the first quarter. The NAHB found major additions staying unchanged at 44, minor ones lifting one point to 52, and repairs falling four points to 51.Two of the four components observing futures fell, with remodeling jobs descending four points to 43 and appointments for proposals down five points to 45. Calls for bids went up by one point to 47, while the amount of remodeling commitments over the next three months stayed the same at 42.””Even though many remodelers report that consumers are showing increased interest in remodeling, they are hesitant to act because of financing constraints and the spotty nature of the economic recovery, which so far has failed to reach some of the larger markets in country,”” added NAHB Chief Economist David Crowe.Remodeling market conditions declined regionally for the most part. The Midwest registered a decline by two points to 50; the Northeast, by seven to 48; and the South, by three points to 46. Conditions in the West ticked up three points to 47. May 2, 2012 411 Views center_img in Data, Origination, Servicing Sharelast_img read more

MBA Paper Outlines Plan for GSE Risk Sharing

first_img in Data, Government, Secondary Market Agents & Brokers Attorneys & Title Companies Fannie Mae FHFA Freddie Mac Investors Lenders & Servicers Mortgage Bankers Association Service Providers 2013-05-20 Esther Cho MBA Paper Outlines Plan for GSE Risk Sharing Sharecenter_img May 20, 2013 414 Views The “”Mortgage Bankers Association””:http://www.mbaa.org/default.htm (MBA) shared a proposal that it says would bring private capital back into the mortgage market while decreasing costs for taxpayers and borrowers.[IMAGE]In a recent “”paper””:http://www.mortgagebankers.org/files/Advocacy/2013RiskSharingConceptPaper.pdf, the MBA explained the up-front risking sharing concept, which calls for the GSEs to offer risk-sharing at the front end of transactions. “”[The Federal Housing Finance Agency] should require the GSEs to offer risk sharing options to lenders at the ‘point of sale,’ rather than at the back end with loans that are already on the GSEs’ balance sheets,”” the paper stated. If transactions occur before the loans are sold, the MBA explained lenders would then be “”derisking”” the mortgages before they are brought to the GSEs, and mortgage insurers would be competing for business with more than just the two entities. The proposal also suggested Fannie Mae and Freddie Mac should accept loans with “”deeper levels of credit enhancement,”” such as through mortgage insurance, lender recourse, or capital market investors, in exchange for reduced guarantee fees and other loan level charges. “”[B]y requiring the GSEs to shift credit risk to private capital, and by providing an equitable tradeoff in terms of lower guarantee fees and LLPAs, some lenders may be willing to lend to more borrowers, increasing access to credit,”” the paper stated. Borrowers will also benefit through increased competition, and taxpayers’ exposure to mortgage credit risk will also be reduced, according to the MBA. “”Ultimately, this would put private capital, not taxpayers, in the first loss position and would allow lenders of all sizes to compete, driving down costs for borrowers,”” explained David Stevens, MBA president and CEO.The concept paper is the second part of a five-part plan on steps FHFA can take to bring private capital back into the mortgage market. The first concept paper, _Key Steps on the Road to GSE Reform_, can be found on the MBA’s “”website””:http://www.mbaa.org/files/Advocacy/2013SingleSecurityConcept.pdf. “”MBA’s risk sharing concept is one part of a series of actionable steps that FHFA can take to help draw private capital back into the mortgage market while policymakers and other stakeholders continue the debate over the future of Fannie Mae and Freddie Mac,”” said Debra W. Still, CMB, MBA’s Chairman. “”MBA also has convened a task force of industry participants who are working on what the industry thinks the end state on the future of the secondary mortgage markets should look like and the pathway forward. This risk share proposal aligns with the task force’s thinking on the components of important first steps.””last_img read more

OpenClose LOS Creates Transparency Control in Secondary Marketing

first_img Company News OpenClose 2014-07-14 Tory Barringer in Headlines, News, Secondary Market, Technology Share OpenClose LOS Creates Transparency, Control in Secondary Marketingcenter_img July 14, 2014 482 Views More and more lenders are taking advantage of OpenClose’s LenderAssist loan origination system (LOS) to gain greater insight into the secondary market, the Florida-based company announced.Using LenderAssist, secondary marketing personnel can view real-time pricing, adjustments, locks, and more all from a single screen, starting at the point of origination. When changes occur with a loan, those users also have access to the same audit screen that underwriters use, ensuring updated and compliant loans.”The degree of transparency that our secondary marketing features provide lowers risk, increases profitability and leads to greater investor confidence,” said OpenClose president J.P. Kelly. “Our clients report that the visibility they capture in a single screen view creates newfound efficiencies to manage the secondary marketing process. We completely remove guesswork and communication hold ups.”The browser-based LenderAssist includes features for all aspects of lending, including origination, processing, underwriting, closing, funding, secondary marketing, accounting, reporting through post-closing, and interim servicing, creating a seamless and compliant workflow, the company says.last_img read more

Mortgage Rates Steady Amid Mixed Sales Reports

first_imgMortgage Rates Steady Amid Mixed Sales Reports Share in Daily Dose, Data, Headlines, News 2014-07-24 Tory Barringercenter_img July 24, 2014 459 Views It’s been another lazy week for mortgage rates, with slight—albeit mixed—movements all around, market reports indicate.In its latest Primary Mortgage Market Survey, Freddie Mac recorded a 4.13 percent average interest rate (0.6 point) for a 30-year fixed-rate mortgage (FRM) product for the week ending July 24, unchanged from last week’s survey results.A year ago at this time, the 30-year FRM averaged 4.31 percent.The 15-year FRM this week averaged 3.26 percent (0.6 point), up a few basis points from 3.23 percent last week.Adjustable-rate mortgages (ARMs) saw a similar trend. According to Freddie Mac, the 5-year Treasury-indexed hybrid ARM averaged 2.99 percent (0.5 point) for the week, up slightly from the last survey, while the 1-year ARM stayed flat at 2.39 percent (0.4 point).The latest movement—or lack of movement—among interest rates follows news of mixed activity in the housing market in June.On Tuesday, the National Association of Realtors reported a 2.6 percent pickup in existing-home sales throughout the month to a level of 5.04 million, the highest pace since October 2013. Only two days later, the Department of Commerce reported a decline in new home sales following a huge revision to May figures.While shifting metrics in housing usually exert some influence on interest rates, finance site Bankrate.com says there are even larger forces currently keeping rates in a narrow range.“Despite the Fed’s ongoing tapering of their bond purchases, continued improvement in the job market, and signs of a rebound in economic growth after a dismal first quarter, the flow of money from overseas investors into U.S. government bonds is keeping a lid on bond yields and mortgage rates,” Bankrate said.In its own national survey, Bankrate clocked the 30-year fixed average at 4.28 percent for the week, reflecting a small decline from last week. The 15-year fixed average moved up slightly, meanwhile, coming to 3.41 percent.last_img read more

Fed Chair Delivers Speech on FOMC Economic Outlook Developments

first_imgFed Chair Delivers Speech on FOMC Economic Outlook & Developments in Daily Dose, Government, Headlines, News July 10, 2015 476 Views Today, Federal Reserve Chair Janet L. Yellen delivered a speech at the City Club of Cleveland in Cleveland, Ohio speaking on the recent developments within the Federal Open Market Committee (FOMC) and the economic outlook moving forward. Yellen addressed issues like recession recovery, labor market conditions, inflation developments, economic outlook, monetary policy, long-run economic growth.“On those occasions and in appearances such as this one today, the aim is to account for the FOMC’s policy actions and explain how they are intended to achieve the specific goals that the Congress has assigned us,” Yellen said. “We do so because it is important that the Federal Reserve remains accountable within the framework of our democracy. We also do so because we can more effectively achieve our mandated goals–maximum employment and price stability–as well as help maintain stability in the financial system if people understand what we are doing and why. Finally, it’s important for us to hear perspectives and experiences from a wide range of participants in the economy. This club stands for free and open communication, and so does the Federal Reserve.”In her speech, Yellen highlighted that recovery from the Great Recession, the nation’s most severe economic downturn since the 1930’s, caused the Federal Reserve to take action push recovery forward from the financial crisis, the severe recession, and keep the risk of inflation from falling far below levels consistent with price stability.“The FOMC aggressively cut our short-term interest rate target, the federal funds rate, from above 5 percent to near zero by the end of 2008 to lower borrowing costs and help spur household spending and business investment,” Yellen. “With short-term interest rates near zero, the FOMC provided further support to the economy through our large-scale asset purchases–buying large amounts of Treasury and mortgage-related securities in the open market. These purchases pushed down longer-term borrowing rates for millions of American families and businesses.”Yellen also noted, the national unemployment rate has declined significantly during the economic recovery, but the lower level of the unemployment rate today does not fully capture the extent of slack remaining in the labor market.“In assessing labor market slack, we try to distinguish between the effects of cyclical fluctuations in the economy and the influences of longer-term structural changes, such as the aging of the workforce and other demographic trends,” Yellen said. “Cyclical and structural factors both have affected a number of measures of labor market outcomes that bear on our assessment of slack, including labor force participation, the number of people working part time who would rather work full time, the pace of hiring, and the rate at which people are quitting jobs.”Despite moving closer to the goal of maximum employment, the FOMC has made less progress toward meeting their inflation goal of 2 percent, Yellen says. Consumer price inflation has been close to zero over the past year, mostly due to the drop in crude oil prices since last summer has pushing down prices for gasoline and other consumer energy products.“Very low inflation may not sound like a real problem to many people,” Yellen said. “However, persistently low price inflation, which can tend to slow the pace of wage increases over time, can weaken the economy by, for example, making it more difficult for households and firms to pay off their debts. A persistent, very low inflation environment also tends to result in chronically low short-term interest rates. This type of situation would leave less scope for the FOMC to respond with its conventional monetary policy tool–namely, a cut in the federal funds rate–to counteract a weakening in the economy.”Over the next several years, Yellen believes that the fundamental factors underlying U.S. economic activity are solid and should lead to some pickup in the pace of economic growth in the coming years. She expects that employment will continue to expand and the unemployment rate will decline further.“An improving job market should, in turn, help support a faster pace of household spending growth,” Yellen said. “In addition, growing employment and wages should make consumers more comfortable in spending a greater portion of their incomes than they have been in the aftermath of the Great Recession. Moreover, increases in house values and stock market prices, along with reductions in debt in recent years, have pushed up households’ net worth, which also should support more spending. Finally, interest rates faced by borrowers remain low, reflecting the FOMC’s highly accommodative monetary policies.”Click here view Federal Reserve Chair Janet L. Yellen’s Speech. center_img Economic Outlook Federal Open Market Committee Federal Reserve 2015-07-10 Staff Writer Sharelast_img read more

PrivateLabel RMBS Market Lags Following Financial Crisis

first_imgThe brief says that many of the first factor problems have already been fixed, but the second and third issues still persist.In order to properly address these differences, Goodman suggests that documentation should be standardized, a deal agent must be established, and better transparency among servicing operations needs to be created.“The successful resolution of the issues discussed in this issue brief and the return of a robust PLS market for pristine collateral are preconditions for securitization on less-than-pristine collateral as a vehicle for risk transfer,” Goodman said. “In the near term, we believe these loans will be held on the balance sheets of private equity funds, money managers, and real estate investment trusts; securitization will be rare and occur only as a funding vehicle for these assets, not to transfer credit risk. And without a robust financing vehicle, we expect origination of these loans to be fairly limited.”Click here to read the complete Urban Institute brief. Private-Label RMBS Market Lags Following Financial Crisis Financial Crisis Private-Label RMBS Urban Institute 2015-09-17 Staff Writer in Daily Dose, Government, Headlines, News, Secondary Market Although most securitization asset classes began to pick up in the years following the financial crisis, the private-label residential mortgage-backed securities (RMBS) market remains stagnant.In an brief released Wednesday, Laurie Goodman, Director, Housing Finance Policy Center at Urban Institute discusses why the residential mortgage market remains unmoved and how this problem can be fixed.Securitization of loans backed by Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs is strong, while loans with no government backing has weakened.“This collapse has not affected the availability or cost of credit for loans made to high–net worth borrowers or borrowers with perfect credit, because banks compete to put those loans on their balance sheets,” Goodman wrote. “As the profitability of holding those loans declines, in the absence of a private-label securities (PLS) market, access for those borrowers will become more difficult and expensive. That change may prove the impetus to solve many of the outstanding PLS market issues.” Differences in recent volumes between other asset-backed securitization and private-label RMBSs:Mortgages exhibited the most severe dislocations of any asset class. These dislocations exposed flaws in the cash flow waterfall and the collateral that backed private-label securities.Mortgages were the only asset class to experience significant policy changes affecting already outstanding securities in the wake of the crisis.Though the interests of investors and issuers were largely aligned in the securitizations of other asset classes, private-label securities were riddled with conflicts of interest among all key players. September 17, 2015 556 Views Sharelast_img read more

Eye on the Industry Updates on Ellie Mae Blend and More …

first_imgEye on the Industry: Updates on Ellie Mae, Blend, and More … From new appointments and awards to technology partnerships, learn more about the latest in the mortgage industry in this weekly update.The former VP of Human Resources for Walmart US eCommerce and Walmart Labs, Carina Cortez, has joined the California-based technology company, Ellie Mae, as EVP of Human Resources. In her new role, Cortez will be responsible for leading Ellie Mae’s human resources organization with a focus on attracting and retaining top talent, managing workforce planning, as well as leading the talent development strategy. Prior to joining Ellie Mae, Cortez led a team of HR Business Partners supporting the 26,000+ associates at Walmart US eCommerce and Walmart Labs. She drove the human capital strategy for the organization, working closely with leadership to meet the growing needs of the business by focusing on strengthening people manager capabilities, top talent acceleration, organizational effectiveness and engagement, and retention. “I look forward to working with the teammates at Ellie Mae through this time of immense organizational growth and change,” said Cortez. “I am excited to leverage my passion for driving business objectives while leveraging a human capital strategy, and focusing on recruiting retention, and talent development.”_______________________________________________________________________________Blend, a California-based technology company created to drive consumer lending industry into the digital age, recently announced that its first end-to-end platform will be approved to provide asset verification reports for the Desktop Underwriter (DU) validation service, a component of Day 1 Certainty by Fannie Mae. Fannie Mae’s DU validation service is designed to provide customers with enhanced loan origination controls, improved processes, and certainty around the borrower’s assets, income, and employment information, in addition to relief from representations and warranties on validated loan components.__________________________________________________________________________Capsilon a San Francisco-based partner for delivering cloud-based end-to-end digital mortgage solutions, announced that it has appointed Ginger Wilcox as SVP Marketing, where she will be responsible for leading marketing, brand positioning, and growth for all Capsilon products. A startup veteran and recognized leader in the mortgage, real estate, and technology industries, Wilcox was most recently part of the team that launched digital mortgage startup, Sindeo. As CMO and Chief Industry Officer, Wilcox led brand marketing, customer acquisition, communications, and strategic partnerships. “Ginger is a proven marketing and growth leader with a track record of success in top-performing mortgage, real estate, and software companies and is one of the most-connected people in the housing industry,” said Sanjeev Malaney, Founder, and CEO, Capsilon.________________________________________________________________________________Tennessee headquartered Franklin American Mortgage Company has been chosen as the National Association of Mortgage Brokers’ (NAMB) double diamond partner for 2018, the company announced in a statement. This recognition is given annually to NAMB’s top performing partners. This recognition is given annually to NAMB’s top contributing partners. NAMB provides education, certification and government affairs representation for the mortgage industry. Asset Verification blend Capsilon Ellie Mae Fannie Mae Franklin American Mortgage NAMB Partner 2018-02-22 Radhika Ojha Sharecenter_img February 22, 2018 812 Views in Daily Dose, Featured, Newslast_img read more

ComplianceEase Adds New Functionality for HELOCs

first_img Share California-based ComplianceEase, a provider of automated compliance solutions to the financial services industry, announced that its flagship platform—ComplianceAnalyzer—is now able to audit home equity lines of credit (HELOCs) for state licensing requirements in most states.ComplianceAnalyzer with TRID Monitor has been able to audit both closed-end and open-end mortgages for federal, state and local requirements, including TRID compliance, and for state predatory lending issues for some time. ComplianceEase has now enhanced its system to allow non-banks, banks, and credit unions to audit all liens in most states in which they are licensed. Currently, the system covers more than 80 licensing types in the 42 states that account for more than 90 percent of home equity originations in the United States. Depending on the state license, the system can test HELOC originations for:Interest ratesRestricted feesLate feesGrace periodsPrepayment penalties“According to TransUnion, approximately 5.5 million HELOCs were originated in the last five years, and that number could rise to 10 million over the next five years,” said John Vong, President of ComplianceEase. “With rising home prices creating equity, one estimate says that 44 million homeowners now have more than $6 trillion in ‘tappable’ equity and could be candidates for home equity lines and loans.”Vong added, “Not surprisingly we are seeing a growing interest from banks and now non-banks in this category. From a compliance perspective, however, the patchwork of different state regulations for both real estate and consumer lending has presented challenges for lenders with multi-state footprints. Our new enhancements to ComplianceAnalyzer mean that lenders can now use their preferred system for first mortgage compliance to reduce exposure to potential state licensing rules for HELOCs as well.” in Headlines, News, Servicing October 21, 2018 595 Views center_img ComplianceEase Adds New Functionality for HELOCs Compliance ComplianceEase HELOC Home Equity HOUSING 2018-10-21 Radhika Ojhalast_img read more

Cloud Technology Developed for Loan Applications

first_img in Headlines, journal, News, Technology May 29, 2019 288 Views Cloud Technology Developed for Loan Applications Using AI and rules engine, PerfectLO assists borrowers in completion of the loan application and then builds a smart checklist for them. Secondary and tertiary level questions that do not live on a 1003 are presented to borrowers through a unique, unintimidating approach.  LendingPad LOS will then import completed applications automatically so that MLO’s and processors use the information to complete the loan process through closing.Both systems are cloud-based, which allows loan officers to easily work remotely. Both products are built by former mortgage executives who understand where the pain and slowdowns happen on the front and back end of the loan process.”We both understand technology and built this integration together to allow our mutual clients to focus on mortgages and give them the ability to spend more time selling and the technology to close loans faster,” said Derek Malila, President of PerfectLO.”LendingPad is proud to be at the forefront of lending technologies by working with powerful platforms like PerfectLO to enhance the loan origination process,” said Wes Yuan, LendingPad’s Managing Director. “Our mutual customers will enjoy LendingPad’s award-winning cloud-based LOS to streamline lending operations and PerfectLO’s comprehensive suite of Point-of-Sale tools for borrowers and originators.”The Virginia-based PerfectLO developed an interactive questionnaire that finds every detail through the loan process. It provides a detailed document checklist to the borrower based on their answers, text/email milestone notifications to clients and agents, and an easy to read document for the LO with all of the borrower’s answers. A Document Center for securely downloading and uploading documents between the Borrower and LO is also included. PerfectLO works in every language and queues up the questions in the borrowers preferred language.Residential mortgage professionals created LendingPad’s innovative LOS to help lenders make better lending decisions, provide exceptional user experience, and enhance individual originators’ ability to succeed.  Leveraging a cloud infrastructure, LendingPad offers origination features that streamline the origination process while lowering the total cost of mortgage lending. center_img AI cloud technology Tecnhnology 2019-05-29 Mike Albanese Sharelast_img read more

The Gap Between Homebuyer Desires and Available Inventory

first_img in Daily Dose, Featured, News, Secondary Market 2019 Housing Market Home Prices 2019-07-01 Mike Albanese Realtor.com revealed in a new study that half of today’s home buyers are looking for a property under $288,000, which is more than 9% below the median price for homes currently on the market. The results of the study found that home’s priced below $288,000 is 9.1%, or $27,000 under the national average. “The price differences between what buyers are searching for, closing on, and what’s available on the market demonstrates just how big the gap is for entry-level home buyers,” said Danielle Hale, Chief Economist for realtor.com. Realtor.com states that closing that gap won’t come easy, and estimates that approximately that 94,000 homes priced between $100,000 and $340,000 would need to be put up for sale achieve that balance. That would represent a near 15% increase in the number of listings in this price range. Homes price above $750,000 is currently were inventory is growing the most, even though there is only 11% more homes for sale in that price tier.According to the study, the largest gap between what buyers want and what’s available is in Cincinnati, Ohio, where the median list price of $275,045  is 22% higher than the average closing price of $215,000. Realtor.com used the closing price to gauge what buyers are looking for. Houston had the second largest discrepancy, followed by Minneapolis, Minnesota, and Indianapolis, Indiana. April’s data from the National Association of Realtors found that the median sales price of homes two months ago ($267,000) was 15% lower than homes that were available. Hale added that this reported gap can explain why the rate of home sales is down 4% from 2018. Hale also that said low inventory of entry-level homes has caused their prices to rise 3.5-times faster than mid-to-large-sized homes. “Entry-level homes continue to be difficult to come by as the inventory composition shifts more and more toward higher priced homes,” Hale said. “This is causing smaller and more affordable homes to appreciate rapidly, resulting in a mismatch between what buyers are able to spend and what sellers expect to receive.” July 1, 2019 433 Views center_img The Gap Between Homebuyer Desires and Available Inventory Sharelast_img read more

July 27 2018

first_imgJuly 27 , 2018 From the pages of Produce Business UKAt the end of 2017, Tesco pledged to end edible food waste by March 2018, becoming the only UK retailer to no longer waste food fit for human consumption.With 6,553 stores serving 50 million shoppers each week, the supermarket chain now claims that less than 1 percent of food at Tesco is indeed wasted. To make this a sustained reality, it works with farmers and suppliers to adjust crop specifications as well as local charities and community groups through their Community Food Connection programme.According to a recently released supermarket scorecard done by London-based campaign and research group Feedback Global, Tesco ranked No. 1 among the top 10 UK retailers for its food waste initiatives. Feedback Global lauded Tesco for being:• The first supermarket to publish third party audited food waste data. • The first supermarket to sign up to the Sustainable Development Goal of halving food waste from farm to fork by 2030. • Committed to extending transparency to include measurement of food waste in its supply chain. • Significantly increased quantity of food redistributed to people in need; donating 7975 tonnes in 2017/17 representing a 40 percent increase on the previous year.With the third quarter of 2018 underway, Tesco is continuing to take its pledge seriously. Off with the ‘Best Before’ labels In June, Tesco announced it will remove the “best before” label date off approximately 70 fruit and vegetable lines. The fruits and vegetables include popular items such as apples, potatoes, tomatoes, lemons and other citrus fruit and onions — all perfectly edible food that is thrown away daily throughout the UK. To put this into perspective, the produce waste nationwide amounts to 35 percent of the national food waste. The move comes as a result of the label’s confusing indications, as well as the detrimental effects of throwing edible food in the bin. Originally, retailers introduced ‘best before’ labels in the UK to put on foods as a quality indication to show that although food is no longer at its best, it is still good to eat. According to The Food Standards Agency, “the best before date, sometimes shown as BBE, is about quality, and not safety. The food will be safe to eat after this date but may not be at its best.” But the labeling seemed to confuse UK consumers. A recent campaign by the National Federation of Women’s Institutes (NFWI) challenged the actual meaning of “best before” by putting out a survey to 5,000 of its members. It found that less than half of respondents understood what “best before” means, and 90 per cent of respondents are happy to buy fruit and veg that is imperfect, regardless of whether it is cheaper. In another study by London-based market research company Mintel that surveyed 1,500 UK consumers, two-thirds said they rely on their own senses – such as smell, taste and sight – rather than dates to decide if a product is still suitable to eat. Tesco’s solution: Let’s get rid of the labels “We know some customers may be confused by the difference between ‘best before’ and ‘use by’ dates on food and this can lead to perfectly edible items being thrown away before they need to be discarded,” says Tesco head of food waste Mark Little. “We have made this change to fruit and vegetable packaging as they are among the most wasted foods. Many customers have told us that they assess their fruit and vegetables by the look of the product rather than the ‘best before’ date code on the packaging.” The industry is turning heads at Tesco’s bold move.  U.K.: Tesco trials removing plastic from fruit and … David Moon, The Waste and Resources Action Programme’s (WRAP) head of businesss collaboration says, “This change by Tesco provides a good opportunity to learn about the customer response, and we anticipate Tesco will share their findings. “With all fresh produce, appropriate storage including use of the refrigerator is essential in giving the customer more time to use their food, so clarity of storage advice on pack and in-store will be vital. Through the Courtauld Commitment 2025, WRAP is working with the food and drink sector to review all the evidence on date labeling for fresh produce and agree on best practices.” Green days for lemonsTesco’s labeling is the second grand initiative by the supermarket chain this year to reduce food waste. Lemon shortage in the UK has become a growing concern. Caused by a significantly reduced end-of-season volume in Spain — from where the UK gets the bulk of its lemons until the end of spring — and a huge jump in demand in the UK by nearly 10 percent, lemons are becoming sparse. To help reduce the potentially overwhelming loss of lemons, Tesco has put a greener version of the fruit on its supermarket shelves, introducing South African lemons — that usually hit the UK market in June – a few months earlier, in their green days. The green fruit is still as crisp and zesty, despite the color difference.Not only are the green lemons perfectly edible, they actually last longer, gaining approximately two days’ shelf life as they turns yellow, and becoming a natural food waste reducer.Tesco citrus fruit buyer Savia Weidinger explains: “These greener lemons that we now have on sale are already mature and perfect tasting inside but need longer for the skin to turn yellow. “With the South African crop that happens towards the end of June as evenings cool which helps the fruit to color up. The move not only means that shoppers will again be easily able to buy a fruit that is growing in popularity, but they will gain extra freshness.”The greener lemons are now available in 800 Tesco stores across the UK.Tesco’s track record on food wastage initiatives Tesco’s commitment to reducing food waste began in 2016, when the supermarket launched its ‘Perfectly Imperfect’ range of wonky fruit and vegetables — a produce line, including apples, pears, potatoes, parsnips, cucumbers, courgettes, strawberries and frozen mixed berries, that were perfectly edible but didn’t look as perfect and glam as the others.The results: Exceptional popularity with customers. Their perfectly imperfect strawberries quite literally flew off the shelves, accounting for 15 percent of its total strawberry sales.  Tesco also has worked to absolve the high supply that can occur from crop flushes — when an unexpected bumper crop of say, strawberries, happens. To make sure all the strawberries got sold, Tesco marked them at leading price points in kilo boxes.Finally, Tesco’s Community Food Connection programme, launched in 2016, in partnership with food redistribution charity FareShare and social enterprise FoodCloud, connects Tesco stores to local charities and community groups, enabling the supermarket to redistribute food that is left over at the end of the day. What’s more, food that is not taken by charities, is offered to colleagues, dramatically reducing food going in the bin.In a May 2018 press release, Tesco declared it collectively donated 7,975 tonnes of food (19 million meals) to almost 7,000 charities from their stores and distribution centers nationwide. U.K.: Greenyard Frozen and Tesco announce new part … U.K.: Tesco adds plant-based meals to its meat ais … You might also be interested inlast_img read more

Four properties in Riverside County have tested po

first_imgFour properties in Riverside County have tested positive for HLB, all in the same area of the city of Riverside. San Bernardino County had one positive tes.Meanwhile, 291 infected properties have been found in Los Angeles County, and 689 properties in Orange County, according to Moehnke.The disease is transmitted tree-to-tree by the Asian citrus psyllid. The insect does not always carry the disease, but it is the only known vector. The psyllid was first detected in Southern California in 2008, and HLB was found in 2012 in Hacienda Heights.Since then, Riverside officials say they’ve worked hard to stop the spread of the disease, which leaves citrus trees with mottled leaves and fruit that is misshapen and fails to ripen, remaining green. The fruit also tastes bitter. There is no known treatment for the disease and trees usually die within three to five years. U.S.: California’s almond acreage on the rise … Strawberries in Charts: Expected California shorta … May 15 , 2019 The devastating citrus greening disease has been identified on the same property in California’s Riverside County where it was previously found, marking the first time it has been found in the area since 2017.Researchers have confirmed the presence of the disease, also known as HLB, on a kumquat tree the yard of a Riverside house, according to Tracy Moehnke, a spokeswoman for the Citrus Pest & Disease Prevention Program. “It can stay basically hidden in the tree and not express itself for years,” Riverside County Agricultural Commissioner Ruben Arroyo said.center_img U.S.: California port’s ag exports rise despite ta … You might also be interested in U.S.: First storm hits California, more heavy rain …last_img read more

The Biocontrol Brief Aliens aka parasitoids ver

first_img The Biocontrol Brief: Aliens (aka parasitoids) ver … How California avocado growers keep Persea mites f … By Andreas Neuman, CEO of UAV-IQ Precision AgricultureThis article is part of a series on biological control and IPM written by UAV-IQ (www.uaviq.com).While Integrated Pest Management (IPM) is a blend of art and science where experience and rules of thumb are relied upon heavily, a quality IPM plan can be fine-tuned to meet the specific agro-economic needs of individual farms. In order to do so, there are a few key terms with which one should become familiar. The first term is Economic Injury Level (EIL), which can be defined as the number of a specific pest that needs to be present in order to cause economic damage. Another way to put it, it is the level at which the economic value of the yield loss caused by a pest is the same as the cost of managing the population. Thus, it forms a basis for determining what level of pest pressure can be tolerated without having to pay the economic and potential environmental costs of treatment.  A related, but not synonymous term is Economic Damage, which is defined as the threshold level of injury that justifies the cost of managing a pest. One must know the management cost for a specific pest, the expected injury level caused by that pest and the damage (monetary cost of yield loss) caused by the pest. While Economic Damage is directly related to EIL, it is an economic value as opposed to a pest count number. EIL is derived from the Economic Damage level, but to do so one must know how many of a specific pest need to be present to create enough loss to reach the Economic Damage level. You might also be interested in The Biocontrol Brief: How to control two-spotted s … It is important to know the number of pests required to reach the Economic Damage threshold in order to avoid under or over treatment. In the picture: aphids on citrus leaf  (Source: Flickr)The importance of these two terms appears relatively straightforward as these thresholds can prevent growers from paying more to treat pests than the expected value of the damage the pests would cause. However, in cases where the pests are likely to cross the EIL one does not want to wait for them to do so to trigger action. An additional threshold needs to be created in order to help decision-makers determine when to treat, not just if they should treat. For IPM professionals that term is Economic Threshold Level (ETL), occasionally referred to as the Action Level, because it is defined as the pest density level at which IPM action should be taken to keep a growing pest population from reaching the EIL.   ETL is a complex value to calculate because it is dependent on variables which often are difficult to quantify without inducing a large margin of error. Among those variables are all of the same variables needed to calculate EIL, pest population growth rates (which are in turn influenced by multiple variables), injury rates associated with the growth rates, plant phenology, pest phenology, and the leeway needed for treatments to take effect. Due to the difficulty of accurately determining the variables, ETL is often a subjective value where managers make decisions based upon experience and intuition instead of an objective value. Occasionally referred to as nominal thresholds, these rules of thumb are better than not using an ETL in IPM decision-making, however, they are static and do not take into account the variability of economic conditions. Since ETL is a tool for making agro-economic decisions, not including key economic variables such as changes in market price or cost of treatment will lead to suboptimal profits at the end of the season. The good news is that there are several types of subjective ETL models which offer a range of simplicity and accuracy so that decision-makers can transition from subjective to objective models incrementally, and there is an increasing number of tools which can be used to track key variables. In a future article, we will take a closer look at some of the objective ETL models, in the meantime we’d love to hear from you and learn about how you make your agro-economic decisions.   UAV-IQ Precision Agriculture is a company that leverages precision agriculture technologies and best practices to help growers address labor shortages and make farming operations more profitable and sustainable. June 13 , 2019 last_img read more

Travellers are advised to check the status of thei

first_imgTravellers are advised to check the status of their service with their respective airline this morning as outages, due to a technical problem with the passport control system, is affecting the software used to check passports at international airports around Australia. Sydney and Melbourne International airports have already been experiencing long passenger delays and some airlines have begun the process of manual checks. airportslast_img

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments   Share   Former Cardinals kicker Phil Dawson retires One of the things I have learned over the last three years about the NFL Draft is that fans only care about early round selections.First I want to say, it’s not the fans’ fault, it’s because of people like me, guys who write about the draft, analyze picks, players, and yet come late April we haven’t talked about guys that could and should be available on day three of the NFL Draft.Talking about Eric Fisher, Chance Warmack, Barkevious Mingo and Luke Joeckel week after week doesn’t give you information on a guy like David Carter, who has been a good rotational player in Arizona, and who most of us (myself included) knew little about when he was drafted in 2011. Robbie Rouse, Fresno St- 5-6, 190 lbs My goal over the next 67 days is to provide the reader with information about these types of players so when April 27 rolls around (rounds 4-7 for those wondering) and we hear the names called, we don’t have to run to Google.This week we’ll take a look at three running backs that could hear their name called on day three — all of whom could be options in Arizona.Dennis Johnson, Arkansas – 5-9, 213 lbsWhile Johnson was at Arkansas all he did was consistently produce, even though he was being overshadowed by bigger-name players.He never carried the ball more than 137 times in a season and he only has 345 total carries in his career. Compare that to Wisconsin’s Montee Ball who had 356 carries in the 2012 season alone.Johnson is a compact, strong, yet light on his feet runner. He moves well in the hole, at the line of scrimmage and knows how to set up and follow his blocks, then use his exceptional burst to get to and through the hole.What makes Johnson such a well-rounded back and one that could be a strong fit with the Cardinals, is his ability to catch the ball out of the backfield and block in the passing game.Johnson has to clean up his ball security issues. In his minute number of carries he has lost 14 fumbles in his career, and he doesn’t possess elite long speed. Derrick Hall satisfied with D-backs’ buying and selling Top Stories Grace expects Greinke trade to have emotional impactlast_img read more