Jetstar and Cruise Gurus new partnership

first_imgJetstar and Cruise Guru have today announced a new partnership that will connect even more Australians to the fastest growing market in the travel industry.Jetstar customers are now able to book their cruise holidays online at Jetstar.com using the unique technology of Cruise Choice, powered by Cruise Guru.Holidaymakers can choose from a full range of domestic and international cruise itineraries with live availability and instant confirmation.The partnership was officially announced at a media briefing in Sydney this morning on board the magnificent P&O Pacific Jewel.Cruise Guru joint managing director Justin Montgomery, said that the partnership is very exciting for the industry.“This partnership is a game-changer for Australian families and travellers looking to enhance their holiday experience with a truly unforgettable cruise,” Mr Montgomery said.Cruise Guru sell 18 of the world’s most popular cruise lines, which will offer Jetstar customers ample choice when selecting a cruise that best suits their needs.Jetstar head of product Carly Povey, said that Jetstar have watched the increasing trend of cruising and wanted to be able to make this unique travel experience accessible to our customers.“We have great flexibility with the cruises at Jetstar.com, from short trips within Australia to longer cruises around South East Asia to suit a range of budgets,” Ms Povey said.“Customers have come to trust they will get great value at Jetstar.com and this new cruising product is another holiday option we offer as a travel retailer to give people the opportunity to try something new.”Source = ETB Travel News: Lewis Wisemanlast_img read more

Travel Secrets by Andrew J Wood

first_imgAndrew J. Wood Travel Secrets by Andrew J. WoodTravel Secrets by Andrew J. WoodWell known global tourism identity, Andrew J. Wood has joined up with the global tourism publication, ETB Travel News in producing a weekly column, Travel Secrets. The weekly column will feature destination news and information from Wood as he travels the globe writing of such experiences from a grass roots level, enabling Travel Consultants in particular the opportunity to learn and familiarise themselves with destinations that they may not have yet had the opportunity to experience themselves. Wood joins an impressive line of ETB Travel News writers and contributors such as Robert La Bua – Mr eTraveller with his highly read weekly column and Dr David Beirman Ph.D with his highly acclaimed weekly column, Global Tourism.Jonathan HarrisGlobal CEOETB Travel NewsGlobal CEO of ETB Travel News, Jonathan Harris said he was delighted to have the opportunity to be back in contact with Andrew and work together on such an important feature. Harris and Wood have known each other for over a decade during which time Andrew was General Manager at Chaophya Park Hotel in Bangkok. Travel Secrets is a unique weekly feature which will appear in ETB Travel News across all eight global editions and whilst being a fascinating read to all subscribers, will be of particular interest to front line selling staff. The articles are from a non bias perspective and will prove to be educational to our Travel Consultant subscribers enabling them to learn about destinations they may not yet have visited he said.Harris continued, “Furthermore, with Andrew located in Bangkok, Thailand and generally quite mobile throughout South East Asia, it allows ETB Travel News to maintain an even stronger presence within one of our fastest growing regions. Andrew is a highly regarded hotelier and tourism figure head, in addition, a former National President of SKAL International in Thailand, we see a mutually rewarding relationship as we continue to grow in both subscribers and unique visitors across the globe.”Andrew went on to say, “I am delighted to be able to work with such a progressive and successful tourism media empire whom I have known for more than twenty years. ETB Travel News technology is state of the art, their production to market is extremely fast and they are without doubt one of the world’s leading and most respected travel and tourism publications”, he said. He added,”Being located in such a geographically advantageous location such as Bangkok, I have access to not only Asia but also across to Europe and the Middle East.”Travel Secrets by Andrew J. Wood is a weekly feature in ETB Travel News across all eight editions globally, if you wish to participate, it is as simple as reaching out to Andrew in order to make the necessary arrangements. Andrew is one of numerous global appointments being made across the globe in the coming months as ETB Travel News further increases its global presence. Subscribe to ETB Travel News hereSource = ETB Travel Newslast_img read more

It is World Tourism Day today and this year the focus will

first_imgSource = Professor Simon Darcy – UTS Universal access is provided in Curitiba’s public transport system, Brazil. Photo by Mariordo under CC by 3.0It is World Tourism Day today and this year the focus will be Accessible Tourism for AllThe UN World Tourism Organisation has chosen this focus because people with disability are still poorly accommodated by the tourism industry globally, despite the World Health Organisation estimating that 1 billion people live with some form of disability.“This makes accessible tourism not only an issue of equality and human rights but an economic one. People with disability and seniors with access needs are already making a significant economic contribution to tourism, but it has the potential to double through understanding how to accommodate and market to this group,” says Professor Simon Darcy of UTS Business School, an expert in tourism and a power wheelchair user himself.A recent European Union study has shown that the market already accounts for a gross value added economic contribution of €150 billion annually.Previous Australian government tourism figures identified approximately 10% of domestic overnight stays as having an access component worth some $4.8 billion to the economy.“People with disability are still poorly accommodated by the tourism industry globally.”Recent research published by Professor Darcy and Spanish collaborators sought to identify the key components that contribute towards accessible tourism ‘destination competitiveness and sustainability’.This research was only possible because national and regional data was available for both countries that provided an evidence base.While global tourism data is available longitudinally, due to the 10% economic contribution of the sector few nations have included disability and access modules within their data collection.However, UNWTO has invested considerable resources in producing a set of best practice reports on improving accessible tourism experiences for people with mobility, vision, hearing and learning disabilities. Each of these groups has different access requirements to be inclusive of their access needs and embodiments.By incorporating the access needs and embodied understandings within destination development and marketing, precincts, cities and nations are creating a competitive advantage in the attraction of tourists in a globally competitive industry.For example, people with vision impairment experience tourism environments without the ‘tourist gaze’ and require product development to take into account their other senses.Research on vision impairment and tourism has shown the importance for considering wayfinding, soundscapes, aroma and tactility to enhance this group’s experiences of destination environments.“By incorporating access needs and embodied understandings within destination development and marketing… nations are creating a competitive advantage.”The ‘competitiveness’ of destinations such as Sydney, Barcelona, London, Hong Kongand Rio brands can be enhanced or tarnished by their approaches to these markets. Arguably, Spain with Barcelona as the prime example, has led the way with their commitment and product/service development of accessible destination experiences.The UNWTO is ‘responsible for the promotion of responsible, sustainable and universally accessible tourism’. While rarely discussed together, sustainability and universally accessible tourism are philosophically linked as part of sustainable development goals.Universally accessible tourism is founded on the core elements of ‘universal design’ that is fundamental to developing both an equality of tourism experiences and the market potential of this group.Universal design, also known as inclusive design, goes beyond accessibility and compliance with legislation to produce buildings, products and environments that are inherently accessible to everyone.Universal design has been defined as:The design of products and environments to be usable by all people, to the greatest extent possible, without the need for adaptation or specialized design.The intent of the universal design concept is to simplify life for everyone by making products, communications, and the built environment more usable by more people at little or no extra cost.The universal design concept targets all people of all ages, sizes and abilities’.Applying the principles of Universal Design provides a foundation for local communities and tourism destinations to be more effective, efficient and sustainable.In Europe it has been estimated that less than 10% of tourism suppliers offer universally designed tourism products and services.The outcome of adopting universal design principles includes a broader market base, increased occupancy out of season, and an enhanced market brand.In a recent keynote address to the 2nd Australian Universal Design Conference, Professor Darcy identified spaces and places including the Barangaroo redevelopment, the Goods Line adjacent to the ABC and UTS Business School, and the Sydney Olympic Park as examples that include elements of universal design.“…universal design is fundamental to developing an equality of tourism experiences and the market potential of this group.”What makes implementing universal design for accessible tourism purposes that much more complex is the movement of people locally, regionally, nationally and internationally so that all elements of the ‘travel chain’ link together seamlessly.This incorporates the elements of information provision, planning, transport, accommodation, attractions and all forms of miscellaneous service provision across accessible tourism supply chain.The UNWTO has produced a booklet for World Tourism Day highlighting aspects of the accessible tourism supply chain.Professor Darcy’s current research includes examining the outcomes of accessibility of major events and recently looked at the Paralympics and Rio’s accessibility in these articles:‘Grotesque spectacle’? Rio has a long way to go to become more accessible‘A brief history of the Paralympic Games: from post-WWII rehabilitation to mega sport event’last_img read more

Etihad wins worlds leading airline award

first_imgEtihad wins world’s leading airline awardEtihad wins world’s leading airline awardEtihad Airways has been named World’s Leading Airline for the eighth consecutive year at the 23rd annual World Travel Awards (WTA) Grand Final Gala Ceremony 2016 held in the Maldives last night.The airline also received the award for World’s Leading First Class, adding to the long list of accolades from media organisations, research consultancies and customer satisfaction surveys worldwide for its First Class service and hospitality offering.Peter Baumgartner, Etihad Airways’ Chief Executive Officer, said: “Our commitment to rewriting the rulebook and transforming air travel is being recognised and rewarded year after year. We are proud to once again be receiving these two prestigious awards for what we believe to be the world’s finest airline experience.“The World Travel Awards is an ideal platform from which we can showcase the success of Etihad Airways and also the transformation of our home, Abu Dhabi, into a global hub of commerce, culture and style.”Last night’s awards crown a momentous year for Etihad Airways, which has celebrated a series of coveted wins throughout 2016. These include the World Travel Awards Middle East accolades for Middle East’s Leading Airline – First Class and Middle East’s Leading Airport Lounge for its First Class Lounge & Spa at Abu Dhabi International Airport.World Travel Awards President Graham Cooke said: “Once again it is Etihad Airways that leads the way in global aviation.“World Travel Awards voters, from both within the travel industry and among the public at large, have recognised the UAE flag-carrier as the best in the business for the eighth consecutive time. It is a richly deserved honour.“My sincere congratulations to the entire team at Etihad Airways for their continued success and I hope to see them again as we begin our Grand Tour 2017.”The World Travel Awards are widely regarded as the Oscars of the travel industry and hundreds of thousands of WTA voters, from the hospitality industry and the general public, cast more than 1.2 million votes during the Grand Tour 2016.Source = Etihad Airwayslast_img read more

Tasmanias most unique Glamping Retreat

first_imgSource = Truffle Lodge Truffle LodgeTasmania’s most unique ‘Glamping’ RetreatNestled on the banks of Tasmania’s tranquil Derwent River in one of Australia’s first truffle orchards and just 45 minutes from Hobart rests Truffle Lodge, a luxury glamping experience like no other.“We want people to REALLY experience Tasmania – Truffle Lodge shows off Tasmania’s stunning wilderness, wildlife and quiet in comfort WITHOUT the built up hotel like environment. Australian bush camp meets Arabian nights!With Platypus swimming wild at your feet and many activities to choose from such as kayaking, biking, some of the best fly fishing the Derwent has to offer, walks through the truffle orchard and wildlife spotting. This is the ultimate way to truly experience Tasmania in comfort.” Laurelle & John Grimley, owners.Private, spacious African Safari tents as well as a guest only lounge & dining pod for guests to enjoy Derwent Valley wine & produce prepared in house.Each tent is fully equipped with king beds, lounges, heating and cooling, minibar, refrigerators, coffee machines, as well as its own luxury ‘glamping’ bathroom inside a converted water tank. Each bathroom includes a hand carved wooden bath and a separate rain shower. In addition, each tent has complete river frontage and a spacious private deck with rockers and a lounge allowing guests to be fully immersed in the tranquility of the Tasmanian country side in absolute comfort.Sustainability meets luxury.The property is designed and build to incorporate eco-friendly principles (Please see attached eco statement). In addition to this, Truffle Lodge is being developed as a habitat with for the endangered Swift Parrot with the planting of hundreds of Eucalyptus globulus and Eucalyptus ovata needed for their survival. Guests at the opening ceremony, will be invited to participate in this wildlife initiative by planting a tree to added to the many already planted.Forget 5 star, this is a ‘million stars’ experience and like no other! Enjoy the Tasmanian wilderness in completely unique luxury.www.trufflelodge.comlast_img read more

ETB Travel News Announcement

first_imgSource = ETB Travel News Jonathan Harris | CEOETB Travel News AnnouncementAs 2017 comes to an end, we reflect back on what has been another incredible year for ETB Travel News, just a few of these highlights include:better improved technologysimplified reportingnumerous new global contractswelcoming new advertising partnersToday, December 22nd is our last newsletter edition for 2017, we will resume sending you the latest industry news, January 2nd 2018. ETB Travel News Team Members are taking a well deserved break from the news desk. However, via our data centre, the eight global websites will be kept updated with the latest news and events for your convenience during the holidays.As a provider of news to the travel and tourism industry, ETB Travel News continues to dominate their original markets, Australia and New Zealand and experience continued unprecedented growth within Asia, Americas and Europe in particular. Other editions are also doing well and we expect to see the ongoing steady increase in subscribers carry forward into 2018 and beyond.To conclude what has been a most successful year, may we take this opportunity in thanking our advertising partners and our subscribers for their ongoing support. 2018 will see ETB Travel News celebrate “33 years” of service to the travel and tourism industry in some form or another, TravelBlackboard, eTravelBlackboard and now of course ETB Travel News, an achievement not possible without the support of the industry, Thank You.2018 will be a very exciting year and we are delighted that you will be joining us. On behalf of the management and staff of ETB Travel News, may we take this opportunity in wishing you and your loved ones an enjoyable festive season regardless of where you are located around the world and a healthy, happy and prosperous 2018.Best wishesJonathan Harris | Chief Executive Officerlast_img read more

First Australian Ambassador appointed for World Food Travel Associatio

first_imgHolly GalbraithFirst Australian Ambassador appointed for World Food Travel AssociationSydney-based food and tourism marketer Holly Galbraith has been approved as Australia’s first Certified Ambassador to the World Food Travel Association.The World Food Travel Association is the world’s leading authority on food and beverage tourism. This not-for-profit association creates economic opportunities where food and beverage meet travel and hospitality. pioneers major research into food and beverage tourism including the 2016 Food Travel Monitor, the world’s largest food and beverage tourism research project ever conducted.The ambassadorship is an is an invitation-only appointment for individuals who demonstrate a passion and commitment to food tourism and who commit to the further development of food tourism in their region.Founder and Executive Director of World Food Travel Association says, “We’re delighted to expand our Ambassador network by adding a very capable individual like Holly. We have always respected self-direction at the local level, and encourage Australia to forge its own food tourism path, which we are happy to help shepherd as needed. We look forward to doing great things together.”Australia has come to the forefront of food tourism since the launch of Restaurant Australia by Tourism Australia in 2013. Food and wine now account for 20% of expenditures, nearly one in five dollars, spent by international tourists in Australia.“My passion for food and tourism started early, growing up on an orchard and helping to evolve the family business into an agri-tourism enterprise,” says Galbraith.“This dedication further grew from my time living and working in the Byron region that is, in my view, one of Australia’s top food destinations.”This year will see a significant project launched by Holly Galbraith for the Australian food tourism industry with the announcement of Australia’s first culinary tourism conference, Destination Food, scheduled for May 2018.Source = Tourism Upgrade with Holly Glast_img read more

Australias biggest cruising fears revealed

first_imgAustralia’s biggest cruising fears revealedAustralia’s biggest cruising fears revealedNew research from InsureandGo finds medical issues feared mostFollowing another successful summer cruising season, new research from online travel insurance provider InsureandGo has uncovered Australia’s biggest cruising fears.The survey of over 3,100 Australians found that more than half listed some kind of medical issue as their biggest fear, with 28 percent fearing a general illness and 23 percent fearing a major on-board medical emergency. These were followed by lost or stolen belongings (8 percent), mechanical failure (7 percent), an onshore incident (7 percent), and missed port (5 percent).Mr Jonathan Etkind, Head of Sales, Digital and Marketing of InsureandGo, believes that while some travellers may be concerned about medical issues while cruising, the right level of travel insurance can help cover the costs for incidents in the event something does go wrong.“We’re not surprised travellers are most concerned about on-board medical issues as medical assistance from the middle of an ocean can be a complicated and stressful process. We’ve found that medical repatriation and evacuation from cruises are very common,” said Mr Etkind.“As medical issues can happen on-board a cruise ship, it’s important to have the right travel insurance policy to help cover the costs which can easily balloon. We encourage all travellers to do their research and find a travel insurance policy that suits their needs and declare all pre-existing medical conditions to ensure they receive the coverage they need,” said Mr Etkind.Gold Coast based cruiser Margaret Duffy-Marin, 77, knows the importance of purchasing travel insurance after she experienced a heart attack on-board a cruise while travelling around the Pacific earlier this year. Ms Duffy-Marin felt unwell and visited an on-board doctor before she was airlifted off the ship and spent three weeks in a hospital in Nouméa.As Ms Duffy-Marin had a pre-existing medical condition, she researched her options before settling on InsureandGo who cover for a range of health conditions. Her claim totalled more than $41,000, due to costs such as intensive medical care as well as flights and accommodation for her daughter to accompany her. These costs were completely covered by InsureandGo.“While the experience itself was scary, I don’t have any fears or concerns about cruising. I feel completely confident cruising again as I know I’ll receive the coverage I need with travel insurance. InsureandGo paid for my daughter’s travel and accommodation while I recovered in hospital and ensured that I had the best care possible. It’s reassuring to know that with the right protections in place, you can still enjoy your cruise,” said Ms Duffy-Marin.InsureandGo offers a specific cruising policy for the 1.3 million Australians who cruise every year and was the first online travel insurance provider in Australia to do so. Cruise cover includes the benefits of One Trip and Multi Trip polices and additional benefits such as cabin confinement for medical reasons, missed cruise departure and cruise delays among others.Source = InsureandGolast_img read more

World Resorts of Distinction reveals visionary rebrand

first_imgWebsite Relaunch – WRDWorld Resorts of Distinction reveals visionary rebrandUnder the leadership and creative direction of new CEO, Tess Willcox, World Resorts of Distinction (WRD) is excited to unveil a chic and comprehensive rebrand that contemplates every touchpoint of the business.Established in 1989, WRD is a leading Resort Creative Agency – with offices in Australia, New Zealand and North America – that provides a suite of personalised services including marketing, social media, sales, branding and publicity for luxury, sustainable resorts.After just a few short months at the helm of the Gold Coast-based company, Tess this morning announced a new brand aesthetic, logo and website as part of her new strategic focus for the company; which is to spotlight luxury resorts that are paving the way in the sustainable tourism and social responsibility sectors.“We aim to be a global media empire telling the stories of #worldresortsforchange, encouraging both the industry and the consumer to travel with a positive impact,” she said.“Today’s travellers are more aware of the effect of their explorations and are looking for options that allow them to embrace the beauty of nature and relax in luxurious settings, while being mindful of the local environment and culture. Further, they’re searching for more than just a nice resort with a great view or offering; they want experiences that are authentic, humbling and transformative.”Tess – who became the sole owner and CEO of WRD at the beginning of June after 14 years in the business – said the new brand pays homage to the company’s strong heritage, while pointing toward its next phase of evolution.“As champions of eco-tourism, it’s important that our branding encapsulates our unique proposition and passion for reducing the industry’s impact on the planet,” she said.“Our sleek new aesthetic and ethos has been carefully curated not only to personify our vision but also to capitalise on the globally-growing trend of ‘conscious travel’; and this is represented through design cues that fuse elegance with modern femininity and earthy hues.”WRD’s logo, which hasn’t been updated for more than five years, has been stripped back and modernised; while all branding and collateral is now interwoven with two of the biggest enticements for the modern wanderluster – the soulful and memorable.The company’s innovative new website is as functionally impressive as it is visually pleasing, featuring a sustainability and philanthropic focus; agent portal; trackable booking referral form; access to real-time market offers; and a travel blog.“A huge shout out is owed to the impressive YES OPEN team who absolutely nailed the website brief,” Tess said. “Their creativity, professionalism and guidance has culminated in an end product that we’re not only happy with; we’re proud to share.”“It also goes without saying that the WRD team is deserving of a massive thank you,” she added. “I’m lucky to be surrounded by a team of ambitious, passionate and supportive women who have each played an instrumental role in bringing this rebrand to life.”Tess’ small yet dynamic and pioneering team of marketing, PR, social media and design specialists are intimately familiar with the travel industry and well equipped to challenge the status quo.Their combined experience spans some of the biggest names in the tourism and hospitality sectors in Australia including Wyndham Vacation Resorts Asia Pacific, MTA – Mobile Travel Agents, Mercure and Seaworld Resort & Water Park.Check out the new World Resorts of Distinction website at https://wrd.com.au/Source = World Resorts of Distinctionlast_img read more

Sunil Kumar

first_imgWe compliment OTM for bringing in this excellent exhibition to showcase another opportunity to buyers and sellers. India, on a consistent note, has been recording growth in outbound and for those exhibitors from beyond India​. ​OTM serves as a great relationship building opportunity to connect. Buyer-Seller network is a huge growing activity and we see much more potential getting realised through such events. Congratulations once again to OTM ​Mumbai ​and all the very best for all future activities.last_img

Mortgage Returns Appoints Director of Marketing

first_img in Headlines, News, Technology Mortgage Returns Appoints Director of Marketing Mortgage Returns Movers & Shakers 2014-06-16 Tory Barringer June 16, 2014 498 Views center_img In St. Louis, Mortgage Returns recruited marketing and communications professional Kim Goldstone as director of marketing.With more than 13 years of experience, Goldstone has been tasked with the oversight of Mortgage Returns’ marketing team and corporate communications. She previously served as VP of marketing for West Community Credit Union/TIGERS Credit Union, which holds more than $150 million in assets in branches across central Missouri.Goldstone has also held senior marketing positions at a number of companies, including marketing firm Quinn-Parker Creative, Stern Brothers and Co. Investment Banking, and the Walt Disney Company.”As a marketing technology vendor, we were drawn to Kim’s experience based on her comprehensive career in the marketing industry,” said Mortgage Returns CEO Jim Blatt. “Her many talents enable us to create enhanced marketing solutions to promote our TRUE CRM [Customer Relationship Management] solution to lenders so that they may increase the effectiveness of their marketing campaigns to boost their own competitiveness and grab marketshare.” Sharelast_img read more

President of Cleveland Fed Issues Warning on Rate Hikes

first_img The President of the Cleveland Federal Reserve, Loretta Mester, cautions the central bank’s policy on rate hikes, according to a report by CNBC.One of the Federal Reserve’s mandates is to keep inflation hovering around the 2 percent mark—it is currently sitting at 1.4 percent, just below their goal. As a result, the Fed has been hesitant to raise interest rates, but Mester believes this to be a mistake, due to the fact that low inflation might delay purchases and increase debt.According the Mester in prepared remarks published on the Cleveland Federal Reserve’s website, monetary policy “takes some time … to work itself through the economy, we can’t wait until these policy goals are fully met to act. We need to assess what incoming information is telling us about where the economy is going over the medium run, and the risks around that medium-run outlook, and set policy appropriately.”Mester however does agree with the central bank’s viewpoint that the economy is normalizing, but she did issue a word of advice on the proper course to take concerning monetary policy.“Policy needs to remain systematic in how it reacts to incoming information relevant to the outlook, but not be dogmatic should the outlook indeed materially change.”In terms of the overall economic outlook, Mester links oil prices and the “modest” depreciation of the dollar in the beginning of 2017 to increased manufacturing, adding “business sentiment remains at high levels and supportive of continued spending, but some of my business contacts report that mounting political and fiscal policy uncertainty has begun to temper some of that optimism.”You can read her full statement here. September 8, 2017 668 Views in Daily Dose, Featured, Government, Headlines, News Sharecenter_img President of Cleveland Fed Issues Warning on Rate Hikes Cleveland Fed Interest rates 2017-09-08 Joey Pizzolatolast_img read more

Good News for Sellers as Home Prices Rise

first_img 2018 CoreLogic Forecast Homebuyers Housing Market HPI projections real estate report rising home prices Sellers 2018-01-02 Staff Writer in Daily Dose, Data, Featured, Market Studies, News, Origination January 2, 2018 708 Views Good News for Sellers as Home Prices Risecenter_img 2018 might see first-time homebuyers facing higher rates of price growth for starter homes and further erosion of affordability according to the Home Price Index (HPI) for November 2017 and released on Tuesday by property analytics firm CoreLogic. The HPI report for November indicated home prices across the U.S. increasing  year over year by 7 percent from November 2016 to November 2017. Month over month, they increased by 1 percent in November 2017, compared to October 2017. CoreLogic also released its HPI forecast, which is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighing indices according to the number of owner-occupied households for each state.The forecast projected a decrease of 0.4 percent in home prices from November 2017 to December 2017. However, it indicated that the increase in home prices is set to remain through 2018 with a projected increase of prices by 4.2 percent by November 2018 on a year-over-year basis. “Rising home prices are good news for home sellers, but add to the challenges that homebuyers face,” Dr. Frank Nothaft, Chief Economist at CoreLogic said.“Without a significant surge in new building and affordable housing stock, the relatively high level of growth in home prices of recent years will continue in most markets,” Frank Martell, President and CEO of CoreLogic said. He added, “Although policymakers are increasingly looking for ways to address the lack of affordable housing, much more needs to be done soon to see a significant improvement over the medium term.”According to CoreLogic’s Market Condition Indicators (MCI) data, an analysis of housing values in the country’s 100 largest metropolitan areas based on housing stock, 37 percent of metropolitan areas had an overvalued housing stock in November 2017. This means that home prices were at least 10 percent higher than the long-term sustainable level in these areas. Washington, Nevada, Utah, and Idaho posted 12-month price gains of 10 percent or more in November, the data indicated.The data also indicated that 36 percent of the top 100 metropolitan areas were undervalued (prices were at least 10 percent lower than the long-term sustainable level) and 26 percent were at value. Sharelast_img read more

New Advisory Council Elected for Mortgage Diversity Group

first_img The American Mortgage Diversity Council (AMDC) announced results of its first advisory council election during the AMDC Member Meeting on May 2, 2018. The elections were held six weeks prior to the meeting with eight candidates running for seven elected positions to the council.The group fosters discussion and promotes action through active participation with mortgage lenders, servicers, and related service providers. The group regularly engages with various federal agencies on policies and procedures impacting diversity and inclusion across the mortgage industry.The AMDC advisory council consists of some of the top names in the industry who guide members of the organization to focus on the group’s core mission of creating a diverse and inclusive mortgage industry for all. “The AMDC exists to facilitate action that promotes positive change on diversity and inclusion within the residential mortgage industry,” said Ed Delgado, President, and CEO of the Five Star Institute. “These elected leaders are emblematic of the passion and energy for the adoption of inclusive practices, that is embodied throughout the membership. I look forward to serving alongside this distinguished group.”The following members were elected to the advisory council:Ray Barbone, EVP, Bank Operations, BankUnitedTamara Haskins, FVP, Diversity & Inclusion, PennyMacLola Oyewola, Director, Human Resources, Ocwen Financial CorporationDoris Raimundi, SVP, Mortgage Servicing, Head of Quality Control, U.S. BankStephanie Roemer, Director, Office of Diversity & Inclusion, Freddie MacMichael Ruiz, Director of Supplier Diversity, Fannie MaeSteve Thomas, Senior Managing Director, Mortgage Capital Markets, Federal Home Loan Bank of Chicago“I am delighted to be a part of the AMDC Council and look forward to continuing to support and advance the mission of the AMDC,” said Haskins on her appointment.Under the direction of AMDC Chair Kathy Cummings, SVP, Homeownership Solutions and Affordable Housing Programs, Bank of America, and Vice-Chair Charmaine Brown, Director, Engagement and Outreach at the Office of Minorities, Women and Inclusion at Fannie Mae, the newly elected advisory council will continue AMDC’s work of shaping the diversity agenda while advancing solutions that support a broad range of member initiatives that include supply-chain diversity, challenges faced by minorities, LGBT, and women-owned businesses. May 16, 2018 786 Views in Daily Dose, Featured, News Advisory Council AMDC Business Council Diversity Inclusion industry Lenders LGBT mortgage Servicers 2018-05-16 Radhika Ojhacenter_img Share New Advisory Council Elected for Mortgage Diversity Grouplast_img read more

Britains Barclays Returning to US MortgageBacked Securities Market

first_img in Daily Dose, Featured, News, Secondary Market Britain’s Barclays Returning to U.S. Mortgage-Backed Securities Market A decade after bonds tied to U.S. home loans contributed to the financial crisis, British investment bank and financial services company Barclays is returning to the residential mortgage-backed securities market, Reuters reports.Many banks retreated from selling and trading portions of loans tied to residential property, auto, or commercial real estate following the crisis. However, Reuters reports that Barclays, after assembling a team of more than 140 securitization bankers and traders, is preparing to re-enter the sector as investors are looking for higher returns on deals compared to traditional stocks and bonds. “This was a 500 million pound ($632.80 million) business for Barclays in terms of revenues last year, when global peers are making 1 billion pounds a year, so for us to get to 500 million pounds additional revenue over three years or 100-150 million pounds a year should be achievable at a measured pace,” said Stephen Dainton, Barclays’ Head of Global Markets.Barclays’ return is led by Scott Eichel, a securitized assets trader who experienced the troubles of the mortgage-backed securities market leading up to the 2008 crash. According to Reuters, Eichel has assembled a team of 144 bankers and traders who package and sell everything from commercial and residential home loans to more esoteric assets, such as media and sports franchise rights.  “The market has changed both outside and inside banks, both from a regulatory perspective and best practises inside firms,” Eichel said.The report states that Barclays’ comeback into the market does hold its risks, given that the bank paid $2 billion last year to settle a U.S. probe into its alleged mis-selling of mortgage-backed bonds that help trigger the crash. In a statement at the time, Barclays CEO Jes Staley called the terms of the settlement “fair and proportionate.”Barclays ranks sixth for sales of U.S. securitizations this year, which is up two places from last year. The bank is hopeful that signs of softening U.S. regulations underpinning the securitization industry could help consolidate and expand its market share, the report stated. A U.S. Treasury report in October 2017, prompted by an executive order from President Donald Trump, supported the stance that post-crisis regulation was too strict, according to the report.“The result has been to dampen the attractiveness of securitization, potentially cutting off or raising the cost of credit to thousands of corporate and retail consumers,” the report said. May 29, 2019 350 Views center_img 2008 Financial Crisis Barclays Home Loans 2019-05-29 Mike Albanese Sharelast_img read more

August 09 2018

first_imgAugust 09 , 2018 Solid results and high demand have led to further regulatory expansion across the country, with current approvals in Alabama, Arizona, California, Colorado, Florida, Georgia, Iowa, Louisiana, Massachusetts, Minnesota, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Texas and Wisconsin. For more information on Locus AG’s unique fermentation technology and cold-chain delivery, or results and availability of the Rhizolizer soil amendments, visit LocusAG.com. ###About Locus Agricultural Solutions™Locus Agricultural Solutions™ (Locus AG) was launched with the strategic aim of providing growers with science-­based solutions to address challenges to agricultural productivity: crop vitality and nutrition, soil microbial health, insect pest management and plant disease management. These solutions include new tools for integrated management practices in lieu of traditional chemical options. The company utilizes a ground breaking, proprietary on-site fermentation system to produce fresh, dense batches of agricultural microbes that are delivered by established local distributors directly to the grower for application within hours to days following their production. Locus AG is leveraging its core scientific capabilities from its parent organization, Locus Fermentation Solutions, LLC, an Ohio-­based industrial bioscience company. For more information, visit LocusAg.com. PRESS RELEASESOLON, Ohio (August 9, 2018) Locus Agricultural Solutions™, LLC (Locus AG) is the driving force behind impressive increases in crop productivity resulting from using fresh, customized “probiotics” to improve crop vitality from the roots—leading to expanded regulatory approvals nationwide into more than 17 key agriculture States, including California. The company’s unique approach directs attention back to restoring soil health, with new fermentation technology that gives growers access to personalized, highly-effective microbial products—using a unique supply chain never previously available.  Knowing that the soil and root microbiome are the foundation to crop productivity, Locus AG dedicated its technology to creating customizable soil amendments that utilize proven microbes that can’t survive standard distribution processes, and then delivering them fresh to growers via high-density production and cold supply-chain methods. Rhizolizer™ became the company’s first commercialized product line using this successful approach. The treatments are delivered at up to 1,000 times the microbial density of competitive offerings and continue to quickly receive state approvals across the U.S. “Rhizolizer’s swift regulatory approvals across the nation’s key agriculture states, including California, speaks highly to the safety, efficacy, crop benefits and value to growers; and also validates our focus on using proven, well-established microbes,” said Dr. Paul Zorner, President and CEO of Locus AG. “There are many highly effective “probiotic” strains that have been discovered, but couldn’t be reliably utilized in agriculture until our fermentation technology was developed. It’s a game-changer for the industry and allows us to provide growers with personalized solutions that build productive crops from the ground up.” Locus AG’s introduction of the tailored soil amendments has drastically shifted the agriculture industry from a one-size-fits-all approach to new demand for custom solutions. Growers are utilizing Rhizolizer to benefit a number of crops, including oranges, grapefruits, sod, berries, vegetables and melons, with field trials currently being conducted on over a dozen high-value horticultural, field and orchard crops. Results confirm improved root density and nutrient uptake, translating into increases in yields and decreases in time to harvest. As an outcome of treatments, growers are seeing increases in revenue and decreases in operating costs.  Equal Exchange banana month: Unconventional … You might also be interested incenter_img Sakata Seed America announces new strategic allian … 2019 research study finds watermelon among fastest … One month to go until Hort Connections 2019: ‘G … last_img read more

EUMercosur trade deal increases risk of banana ov

first_img EU-Mercosur trade deal increases risk of banana ov … The container came from Brazil, according to the prosecutor.Early this year authorities started an investigation into a suspected customs officer, the publication reported. Information from customs showed this new cocaine bust is similar to incidents that are already part of that investigation and that the suspected customs officer may be involved in other cases.The man was arrested and is being held custody. Brazil blocks market access for Argentine pome fru … You might also be interested in February 19 , 2019 center_img Brazil starts orange season, forecasts 36% rise in … A large cocaine haul of 1,500 kilograms was reportedly found hidden among mangoes in a container at the Dutch port of Rotterdam on Wednesday, according to NL Times.A 37-year-old customs officer from Rotterdam was arrested on suspicion of involvement in the matter, the Public Prosecutor announced. LPS ’19: Brazil aspires to become one of the most … last_img read more

Bradley who spent the first four years of his car

first_imgBradley, who spent the first four years of his career as an Eagle, will add depth to the Cardinals linebacking corps.The 6-foot-4, 254 pound linebacker accounted for 48 tackles and a sack in the 12 games he started last season. Top Stories Cardinals expect improving Murphy to contribute right away What an MLB source said about the D-backs’ trade haul for Greinke D-backs president Derrick Hall: Franchise ‘still focused on Arizona’center_img Nevada officials reach out to D-backs on potential relocation The Arizona Cardinals have filled the glaring need that was a starting quarterback.However, the Cardinals, who went 5-11 last season, have more than one hole to fill.Arizona also needs help on defense and Eagles linebacker Stewart Bradley looks like he will reunite with Kevin Kolb and aid the Cardinals defense.“The Cards agreed with Eagles LB Stewart Bradley (and, I didn’t note this last night, lost DL Alan Branch to Seattle),” Darren Urban wrote. Comments   Share   last_img read more

LISTEN John Clayton ESPN NFL Analyst

first_imgLISTEN: John Clayton, ESPN NFL Analyst Grace expects Greinke trade to have emotional impact Your browser does not support the audio element. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   Former Cardinals kicker Phil Dawson retirescenter_img Arizona Cardinals quarterback Carson Palmer is off to a rocky start, throwing more interceptions (9) than touchdowns (5) so far, yet the team sits with a winning record (3-2) after the first five weeks.ESPN NFL analyst John Clayton told Doug & Wolf Friday that he’s not overly surprised about Palmer’s interceptions, but there are two other statistics that make him worry about the Cardinals’ signal caller. “Right now, he’s only completed like 3-of-20 passes downfield of 15 yards or more,” Clayton said. “And his game has been the downfield throws.”Besides Palmer’s inability to complete the long ball, Clayton said he’s also worried about wide receiver Larry Fitzgerald’s low number of receptions through five games.“I don’t know if it’s (Fitzgerald’s) hamstring, I don’t know if it’s Carson Palmer, but 24 catches for Larry Fitzgerald in now five games that’s not Larry Fitzgerald numbers you anticipate,” the analyst said.One could argue Fitzgerald didn’t put up his usual numbers last year either: He finished with 798 yards (second lowest of his career) and four touchdowns (lowest of his career) in 2012. Perhaps the Cardinals’ quarterback situation hasn’t improved as much as they thought it had with their offseason acquisitions of Palmer and Drew Stanton.On the bright side, Clayton pointed out Palmer is still on pace to reach 4,000 passing yards, as the 33-year-old did last season in Oakland.“And if you put a 4,000-yard thrower on the Cardinals, that’s going to win 6, 7, 8 games,” Clayton said. “It’s interesting to see the things you did expect (from Palmer) not happening — him linking up with Fitzgerald; him getting the ball downfield. I mean, you knew he was going to throw the picks; that’s just Carson Palmer.” Top Stories Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo After supplying all of the points in the Arizona Cardinals’ 12-6 win over the St. Louis Rams last Thursday, rookie kicker Chandler Catanzaro has been named the NFC Special Teams Player of the Week.Catanzaro connected from 23, 44, 51 and 46 yards in the Cardinals’ 11th win of the season.It is the second time the former Clemson Tiger has won the honor this season, also nabbing it in Week 6 when he kicked three field goals in a 30-20 win over the Washington Redskins. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Catanzaro also is only the fourth rookie in Cardinals’ history to win multiple Player of the Week honors in his first season, joining Patrick Peterson (2011), Bill Gramatica (2001) and Ronald Moore (1993).center_img Top Stories 0 Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more