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first_img<a href=”http://www.etbtravelnews.global/click/283cf/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Source = Los Angeles World Airports Los Angeles International Airport (LAX) has received a Silver Award for “Best U.S. Domestic Airport” by Executive Travel Magazine in its 2010 Leading Edge Awards, recognizing excellence in travel. The eighth annual Leading Edge Awards are given to air travel, airports, and travel-related companies that provide high customer service, excellent value on products, or cutting-edge technology to business travelers. Winners are chosen by Executive Travel Magazine readers in 42 categories and receive gold, silver and bronze awards. Readers average more than 38 airline trips and over 100 nights in a hotel annually, according to Executive Travel Editor-in-Chief Janet Libert. Denver International Airport (DIA) and John F. Kennedy International Airport received the Gold and Bronze Awards, respectively. Last month, LAX ranked best among the nation’s busiest airports (with more than 40 million annual passengers) for on-time performance for flight arrivals and departures, according to U.S.Department of Transportation statistics. LAX also is the number one Origin and Destination (O&D) airport in the U.S., according to aviation industry data source Airports:USA® DataMiner.   Los Angeles International Airport (LAX) is the third busiest airport in the U.S. and sixth in the world, offering more than 565 daily flights to 81 destinations in the U.S. and over 1,000 weekly nonstop flights to 65 international destinations on over 75 carriers. LAX is part of a system of three Southern California airports – along with LA/Ontario International and Van Nuys general aviation – that are owned and operated by Los Angeles World Airports (LAWA), a department of the City of Los Angeles.last_img read more

first_imgShadow Minister for Tourism Bob Baldwin has described Labour’s carbon tax as a “slap in the face” to people in the Australian travel industry.The new carbon-reduction scheme was announced by Prime Minister Julia Gilliard earlier this month, and will see major companies like Qantas redirect the price into its fares.  Mr Baldwin explained that charging travellers extra on domestic holidays will make it “less price competitive” compared to international holidays.“Taxing only domestic flights shows just what an environmental farce the carbon tax really is,” Mr Baldwin said.“Tourists will pay carbon tax if they fly 320 kilometres from Sydney to Port Macquarie, but they won’t pay carbon tax if they fly 2,481 kilometres from Sydney to Port Vila in Vanuatu.“It’s not hard to work out you’ll burn more fuel, and generate more emissions, flying 2,481 kilometres than you will flying 320 kilometres.”He added that the tax is likely to “clean out” airports before it will “clean up the environment” and it will increase the cost for Aussies to travel around their own country.“Ms Gillard is penalising Australians for holidaying in their own country and that is a slap in the face to every one of our tourism operators and the 500,000 Australians working in the tourism industry,” he stated.According to the Shadow Minister, in 2007, Tourism Minister Martin Ferguson explained that a $30 per tonne carbon tax would “kill the aviation industry”.  “If a $30 carbon tax would kill Australian aviation, and the tourism industry that relies on it, how is a $23 carbon tax suddenly good for the industry?”While Mr Baldwin expresses concern for the domestic travel industry, Voyager Travel chief executive Richard Savva told e-Travel Blackboard last week that he does not believe the carbon tax will impact the Australian MICE industry.Click here for more news on the carbon tax. Source = e-Travel Blackboard: N.Jlast_img read more

Jetstar staff get a makeover

first_imgSource = e-Travel Blackboard: N.J Qantas’ low-cost subsidiary, Jetstar has announced a makeover for its staff, unveiling new uniforms for employees working in New Zealand, Australia, Vietnam, Singapore and Japan.Replacing the three different uniforms across the network, the new outfit was designed in consultation with team members to reflect Jestar’s growing Pan-Asian network.Holding the airline’s brand colours, the new uniform will still include the female orange jacket with a tailored button front but will now feature an Asian inspired collar.Females will wear the jacket with either black tailored pants or an A-line black skirt while both male and female employees will wear a black top with an orange trim detail.Jetstar chief executive of Australia and New Zealand David Hall said the new look will make the team recognizable all over the Asia Pacific region as Jetstar Group chief executive Jayne Jrdlicka believes it will “become the image synonymous with Jetstar”.last_img read more

ACCAN Transparency needed to reduce roaming bill shock

first_imgThere needs to be transparency as to how roaming charges are calculated, according to the Australian Communications Consumer Action Network (ACCAN), to reduce the number of travellers returning to an overwhelming phone bill. Consumer groups says mobile providersneed to come clean about roaming fees. For travellers heading overseas, ACCAN recommends consumers look at three options for using their phone and cut bills: The government last week launched a new international roaming standard, which will require telco providers to inform customers of exactly how much they will be charged for making a call, sending a text or using the internet while overseas. 1.       Buy a local SIM card when you arrive at your destination to access cheap local rates (requires unlocked handset)2.       Buy a pre-paid roaming SIM card before you go from providers such as TravelSIM, GoSIM, RoamingSIM or GoTalk.3.       Activate global roaming with your normal provider but beware the potential for high charges. ACCAN said without knowing exactly how roaming charges are billed, consumers are unable to make informed decisions about services. The spokesperson explained global roaming charges are still “way too high” and “do not come close to reflecting the true cost of providing the service”. In addition, providers will be required to send usage alerts and information on how to switch off roaming altogether. Despite the introduction of the new standard, an ACCAN spokesperson said more needs to be done to end the “roaming rip-off”.   “The excuse from providers that they are simply passing on the costs from international carriers is not convincing, as virtually zero transparency is provided as to how such exorbitant fees are derived,” the spokesperson added. Source = ETB News: NJlast_img read more

Etihads recordbreaking 2013

first_imgEtihad Airways’ Top 10 Routes in 2013 Bangkok was the airline’s busiest route, carrying a total of 742,759 passengers to the Thai capital in 2013, followed by Manila (547,068), London (544,564), Jeddah (373,651) and Paris (338,969). Destination 2. Kuala Lumpur Frankfurt Source = ETB News: P.T. “Our record-breaking numbers in 2013 reflect the continued success of our strategic master plan, which focuses on three fundamental pillars; organic network growth, the forging of codeshare partnerships, and minority equity investments in other airlines,” Etihad Airways president and chief executive James Hogan said. Jeddah London Etihad Airways reported its highest ever passenger and cargo volumes in 2013, flying almost 12 million people last year, reflecting the ongoing success of the airline’s strategic master plan. The UAE carrier also boosted frequencies on 18 existing routes last year, established new codeshare agreements with a range of airlines and expanded its equity partnerships across the world. Closer to home, Etihad carried 73 percent of the 16+ million passengers who travelled through Abu Dhabi International Airport in 2013. Bangkok 10. Manila 4. Jakarta 3. Manchester Etihad’s annual passenger figures revealed an increase of 16 percent, up from 10.3 million in 2012. 5. 6. Sydney 7. Etihad added six new destinations to its global network in 2013; launching new services to Washington DC, Amsterdam, Sao Paulo, Belgrade, Sana’a and Ho Chi Minh City. 1. Ranking 8. 9. Parislast_img read more

The Star receives two accolades in the Hotel Management Awards

first_imgSource = The Star Sydney The Star receives two accolades in the Hotel Management AwardsThe Star Sydney has again been recognised for outstanding quality, winning two categories in the Hotel Management HM Awards 2018 held at The Grand Ballroom at the ICC on September 7.Nominated across six categories in this year’s HM Awards, The Star was recognised for its exceptional dining and accomodation across the business. One of these accolades includes BestHotel Restaurant for Sokyo, a Japanese inspired dining venue with global flavour that blends the best of Sydney and Tokyo that encompasses an imaginative menu with fresh local produce.The Star also collected the Highly Commended Award for the Best Tech Hotel for The Darling, Sydney’s only five star hotel complete with The Darling Spa.Dino Mezzatesta, COO of Hotels, Retail and Food and Beverage, is delighted to see the win at the HM Awards and commends The Star team on their relentless pursuit of excellence and innovation across the business.“Winning two awards is a fantastic result for The Darling and Sokyo. Congratulations to the teams behind the scenes as without them, the wins wouldn’t be possible and we are so fortunate to have such a passionate team that strives to create the most memorable experiences for our guests.”The wins at the HM Awards add to The Darling and Sokyo’s already existing portfolio of fantastic achievements, including The Darling’s Forbes Five Star award and Sokyo’s One Star Award at the Gourmet Traveller Restaurant Guide Awards 2019.The HM Awards for Hotel and Accommodation Excellence are now in their 16th year and are the leading industry awards in the region and celebrate the best properties, departments, people, chains and brands in Australia, New Zealand and the South Pacific.last_img read more

Qatar Airways Launches Second Destination in Kenya

first_imgSource = Qatar Airways Qatar Airways Launches Second Destination in KenyaQatar Airways Launches Second Destination in Kenya with New Flights to MombasaQatar Airways is pleased to announce that it will launch direct flights to Kenya’s second city, Mombasa, opening up the country’s beautiful coasts to international holiday-makers. The new four-times weekly service will be Qatar Airways’ second Kenyan destination, in addition to existing flights to Nairobi.The new four-times weekly flights between Doha and Mombasa (MBA) will be operated with an Airbus A320, with 12 Business Class seats and 120 Economy Class seats, from 11 December 2018, with a flight time of just over six hours.Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “Qatar Airways sees Kenya as an important market for our passengers, so we are delighted to offer this new service to a second Kenyan destination. We are sure our new direct daily service to Mombasa will prove very popular with tourists interested in exploring Kenya’s beautiful tropical beaches and coastline, as well as immersing themselves in the city’s fascinating diverse cultural mix.“This second new route to Kenya, in addition to our existing three daily services to the capital Nairobi, will help make Qatar Airways the first choice for travellers wishing to explore this beautiful country. It also demonstrates our ongoing commitment to expand our reach with ambitious new routes around the globe to offer our unrivalled five-star customer service wherever our customers want to fly.”Bordering the Indian Ocean, tropical Mombasa is Kenya’s main coastal tourist destination and a popular gateway to the country’s amazing white beaches and coral reef diving. The cosmopolitan city has also become a destination in its own right, thanks to its diverse cultural mix and old town charm.Qatar Airways first started flying to the Kenyan capital, Nairobi in November 2005. As part of its continued expansion plans, Qatar Airways plans a host of other exciting new destinations throughout 2018/19, including Gothenburg, Sweden; Da Nang, Vietnam; Tallinn, Estonia and Valletta, Malta, to name just a few.A multiple award-winning airline, Qatar Airways was named ‘World’s Best Business Class’ by the 2018 World Airline Awards, managed by international air transport rating organisation Skytrax. It was also named ‘Best Business Class Seat,’ ‘Best Airline in the Middle East,’ and ‘World’s Best First Class Airline Lounge.’Flight Schedule: Doha – Mombasa Tuesday, Thursday, Saturday, Sunday: Doha (DOH) to Mombasa (MBA) QR1333 departs 02:30 arrives 08:40Mombasa (MBA) to Doha (DOH) QR1334 departs 16:50 arrives 23:30last_img read more

Tourism Minister to discuss issues of ticketing at tourist sites

first_imgUnion Tourism Minister, Dr Mahesh Sharma has expressed concern over issues related to security and ticketing at tourist sites, days after over 2000 tourists were reportedly turned away from Taj Mahal due to capacity constraints.In a meeting with officials to be held in mid January, the Tourism Minister is expected to discuss the issue of denied entry at the iconic monument in Agra on Christmas Eve despite having bought tickets as the security staff had found the premises “overcrowded”. Issues such as security, ticketing and cleanliness, in and around the tourist spots across the country, will also be a topic of deliberation. The recent issue of 4000 people not being able to buy tickets for Red Fort because of the huge rush on New Year’s eve is also expected to come up for discussion during the meeting.last_img read more

SOTC eyes spiritual tourism

first_imgSOTC Travel Limited, a subsidiary of Thomas Cook India Limited, has launched Darshan, an online platform of ePuja, which facilitates pre-booked Darshan, special pooja, and assisted temples to visit in addition to logistics.SOTC offers tour packages to 50 temples across 60 destinations in India at prices ranging from Rs 10,000 to Rs 40,000 per person. SOTC has tied up with online platform ePuja, which facilitates online poojas in temple across the country. The tours are designed based on specific needs of the travellers and the destination is selected based on the company’s ability to serve seamlessly.“Spiritual tours segment in India is the largest,” said SD Nandakumar, Business Head, B2B. “But there is not much focus on the segment,” he added.Vishal Suri, Managing Director, SOTC Travel said, “Spiritual Tourism is the single largest category in domestic tourism which is an untapped, fragmented industry – opportunity.”The current packages cater only temples, SOTC will include mosques and churches in future.last_img read more

NCHV Honors NewDay with Corporate Partner Award

first_img in Data, Government, Origination, Secondary Market, Servicing, Technology NCHV Honors NewDay with Corporate Partner Award Share “”NewDay Financial””:http://www.newdayveterans.com/ has a worthy reason to celebrate, with the announcement that it would receive a “”Corporate Partners””:www.newdayveterans.com/ award from the “”National Coalition for Homeless Veterans””:www.nchv.org/ (NCHV). The company and its CEO, Rob Posner, is being honored for its strong provisional assistance to veterans in need of housing.[IMAGE]NewDay has maintained an on going partnership with the NCHV, and the financial institution became a platinum level corporate partner this year. NewDay has been active in developing and supporting the creation of safe, affordable housing for homeless and extremely low-income veterans via diverse initiatives from the NCHV. NewDay and the NCHV have most recently focused on offering new avenues to increase opportunities to house homeless veterans through the reclamation of foreclosed and abandoned properties. The collective goal of the companies is to convert under-utilized assets into permanent housing and strategic community planning for veterans in need.Posner elaborated on the entity’s relationship with the NCHV, saying, “”We enjoy many freedoms in this country because of the sacrifice of men and women in the armed services. It is important to me personally and us as a company to support efforts that help veterans reintegrate into civilian life. We are particularly grateful for this opportunity to contribute to ending the tragedy of homelessness among our country’s heroes.””Continuing Posner’s positive statements, John Driscoll, president and CEO of the NCHV, said, “”We know there will still be veterans who need help in 2015. But the end of veteran homelessness envisioned in the plan means every veteran who needs help will be able to receive it. Increasing access to safe, affordable housing is one of the most important fronts in this campaign. We are honored by the trust NewDay Financial has placed in NCHV, and proud to stand with them to end veteran homelessness.””├âÔÇÜ├é┬áThe NCHV’s programming is driven by the Department of Veteran Affairs, and according to estimates from within the latter organization, nearly 90,000 housing units are still needed to achieve the goal of finding housing for all veterans without homes by 2015. The initiative, dubbed the Five-Year Plan to End Veteran Homelessness, includes help from federal agencies, state agencies, and the community-based service providers represented by the NCHV. Awarding the Corporate Partner award since 1997, the NCHV has honored major organizations including “”The Home Depot Foundation””:www.homedepotfoundation.org/, “”Fannie Mae””:www.fanniemae.com/, and “”Eli LIlly””:www.lilly.com/ as past recipients. NewDay, known for national originations of VA, FHA, and reverse mortgages, can add the award to its growing list of recent accomplishments, which also includes a spot on the top 10 list of reverse mortgage providers for 2010.center_img October 6, 2011 457 Views Agents & Brokers Attorneys & Title Companies Company News Fannie Mae Investors Lenders & Servicers Processing Service Providers 2011-10-06 Abby Gregorylast_img read more

Survey Homeownership Important to 96 of Americans

first_img Share Survey: Homeownership Important to 96% of Americans in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Confidence Home Sales Home Values Investment Investors Lenders & Servicers Mortgage Rates Processing Service Providers 2013-02-04 Tory Barringercenter_img February 4, 2013 411 Views Younger generations continue to hold a more favorable view of homeownership than their elders, according to “”Prudential Real Estate’s””:http://www.prudentialrealestate.com/ end-of-year Outlook Survey.[IMAGE]The report, which bases its findings on data from interviews with 5,000 consumers in the market to buy or sell a home, shows homeownership remains important to 96 percent of Americans, with 77 percent of respondents ages 25-34 and 78 percent ages 35-44 agreeing it is “”very important.”” Those percentages fall off somewhat for older generations: 73 percent for the 45-54 crowd and 72 percent for those ages 55-64.Moreover, 75 percent of respondents said they believe homeownership is still an important part of the American Dream, while 78 percent agreed it is good for the economy.In addition, the survey found that perceptions of the housing market are generally favorable at the moment, especially among the younger generations: 29 percent of respondents ages 25-34 view the market at least somewhat favorably compared to 11 percent for the 55-64 respondents.””Millennials and Generation X–about 85 million people strong–face a unique opportunity in U.S. housing,”” said Earl Lee, CEO at HSF Affiliates LLC and president of Prudential Real Estate. “”They are generally optimistic about homeownership and, by nature, share a strong sense of community. As important, many were not impacted by the real estate downturn and are looking at today’s buying opportunities with keen interest.””Space, safety, and investment ranked among the top reasons to own a home. Ninety-seven percent of respondents said homeownership allows for more control over a living space, while 93 percent felt it is worth the purchase to live in a safer neighborhood. Meanwhile, 90 percent said purchasing a home is a good investment.While those surveyed showed solid confidence in today’s market–74 percent agreed with the statement “”now is a great time for me to buy a home””–some reluctance remains. According to the survey, 62 percent of respondents feel obtaining financing is more challenging than it was before the financial crisis, and 63 percent said the housing collapse was a warning to exercise caution when buying or selling a home.In addition, 72 percent of those surveyed said they feel that having a trusted partner for the process is important given the challenges of the new market, with those in the younger generations expressing the most concern about finding reliable sources of information. “”The housing market has finally turned the corner,”” said Stephen Phillips , COO for HSF Affiliates. “”It’s been a tough road but the momentum we are seeing across the economy and real estate market appears sustainable. Real estate agents have a real opportunity to develop new relations with a younger generation ready to invest in a home, and with others who are returning to the market thanks to improving conditions.””last_img read more

Home Tour Network Expands into Atlanta

first_imgHome Tour Network Expands into Atlanta Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-05-14 Robyn Clayton Share May 14, 2013 450 Views center_img The Home Tour Network–a division of Realbiz Media Group, Inc.–announced the expansion of its video on demand real estate network into the greater Atlanta area.The expansion follows the successful launch of the Realtor.com channel, which premiered on the Home Tour Network in Las Vegas in March. The channel has experienced a significant increase in viewership over the first six weeks of its opening, and “”there is great optimism for the continuing success of the channel and its expansion into a Tier 1 market,”” according to a release.””We are very excited to see the realtor.com channel off to such a quick start in the video on demand space,”” said Steve Marques, president and CRO for “”Realbiz Media””:http://www.realbizmedia.com/. “”We are looking forward to getting Atlanta off to a quick start and to continuing the expansion of the network and the realtor.com channel.”” in Data, Government, Origination, Secondary Market, Servicinglast_img read more

Lawmaker Pushes to Reform Consumer Credit Reporting

first_img Consumer Credit House Financial Services Committee Maxine Waters Politics 2014-09-10 Seth Welborn September 10, 2014 520 Views Lawmaker Pushes to Reform Consumer Credit Reporting Sharecenter_img Congresswoman Maxine Waters (D-California), a ranking member of the House Financial Services Committee, unveiled a proposal Wednesday that would make sweeping changes to the way consumer credit is scored.Waters drafted her proposal, which is entitled “Fair Credit Reporting Improvement Act of 2014,” in response to many recent cases and studies which have exposed flaws in the country’s current consumer reporting system. The Federal Trade Commission (FTC) reports that one in every five Americans (approximately 40 million) has at least one error on his or her credit report, and the error is significant enough in about 10 million of those cases that it could potentially increase the cost of credit available to those consumers.”Credit reports are no longer just used exclusively by lenders in making a credit decision. More and more, credit reports are used in a variety of ways, from employment decisions, to determining a consumer’s ability to rent a home, buy a car, or purchase insurance,” Waters said in a press release. “A person’s credit report is too important in determining access to a wide array of opportunities for these reports to contain inaccurate and incomplete information.”This proposal addresses many of the flaws with the existing consumer reporting system, by making common-sense changes that enhance consumers’ rights, create more transparency over the consumer reporting and credit scoring process, and increase the accountability of credit reporting agencies, furnishers, and companies that develop credit scoring models and formulas,” she added.The major points of Waters’ proposed reform to the consumer reporting system include:Shortening the time that adverse information remains on a consumer’s credit report from seven to four yearsRemoving adverse information from credit reports that is the result of illegal, deceptive, or fraudulent practices of predatory mortgage lenders and servicersRemoving settled debt, such as medical expenses, which is not necessarily a reliable predictor of a consumer’s ability to repay a loan or worthiness to obtain creditRemoving private student loan defaults when the distressed borrower makes nine consecutive monthly on-time paymentsRequiring furnishers to retain all records as long as adverse information remains on a consumer’s credit report. in Daily Dose, Government, Headlines, Newslast_img read more

Pennsylvania Housing Market Sees Largely Positive Q3

first_img October 13, 2014 409 Views in Daily Dose, Data, Headlines, News Share Demand Home Prices Home Sales Realtor Association 2014-10-13 Tory Barringercenter_img Pennsylvania Housing Market Sees Largely Positive Q3 Despite an uptick between the second and third quarters, home sales in the state of Pennsylvania failed once again to hit year-ago levels, according to data released Monday by the Pennsylvania Association of Realtors (PAR).PAR’s latest quarterly housing report shows closed sales statewide totaled 41,371 in Q3, up 5.1 percent from the previous quarter. Year-over-year, third-quarter sales fell short 1.1 percent.Though sales in Pennsylvania have been down annually for every quarter so far in 2014, the gap has narrowed over the year, halving from 4.3 percent in Q1 to 2.0 percent in Q2 and again to 1.1 percent in Q3.”Throughout Pennsylvania we’re seeing continued signs of a stabilizing market,” said PAR President Kim Skumanick. “Although home sales across the commonwealth remained relatively unchanged, we still see positive signs in the marketplace.”The median home sale price in the state last quarter was $176,000, up 3.5 percent quarter-over-quarter and only 0.6 percent year-over-year. The median sales price reached $175,000 in Q3 2013 before slipping for the next two quarters, PAR reported.On the inventory side, the stock of for-sale homes in the state climbed 7.3 percent compared to last year, hitting a recovery high of 116,346. The increase came even as new listing activity slowed down, dropping 16.5 percent from the second quarter as the summer came to a close. Compared to last year, listings were up 5.2 percent.Meanwhile, demand remained steady among Pennsylvania homebuyers: Throughout the quarter, the average number of days between a property’s listing and its sale was 75, down 3.8 percent year-to-year and 10.7 percent quarter-to-quarter.last_img read more

Blurred Lines in the FHAs Appraisal Policies

first_img in Daily Dose, Government, Headlines, News Appraisal FHA Real Estate Agents Single Family Policy Handbook 2016-05-12 Staff Writer Share Blurred Lines in the FHA’s Appraisal Policiescenter_img When the Federal Housing Administration (FHA) announced numerous changes to its Single-Family Housing Policy Handbook last year, many in the industry, including real estate agents and appraisers, were confused about the lack of clarity regarding the blurred lines between appraisals and inspections.Real estate agents and appraisers have experienced “confusion and delays” related to the changes made by the FHA to the property valuation policies, according to a report from the National Association of Realtors (NAR).“FHA appraisal guidelines are stricter; the standards set the benchmark for appraisals in the industry,” Gary Eisenbraun, Appraisal/Technical Support Branch Chief of the FHA said at the NAR’s 2016 REALTORS Legislative Meetings & Trade Expo. “The guidelines are strict though to protect consumers and safeguard FHA’s mortgage insurance fund and taxpayer dollars.”Any property bought with a FHA loan must be appraised by a HUD-approved home appraiser. Unlike a conventional loan appraisal, the FHA-insured loan appraisal not only determines market value but also inspects the home to ensure it meets certain minimum property standards. This requires appraisers to conduct home inspection-like duties to ensure standards are met.NAR said that this conflicting information from the FHA “blur[s] the line between appraisals and home inspections and has raised questions among consumers, agents and appraisers.”Last year, the FHA announced that it would move its delivery of mortgage origination appraisals online. The Electronic Appraisal Delivery (EAD) portal for FHA insured single family will be used to provide information necessary for mortgagees to prepare for delivering both forward and reverse origination appraisals, HUD announced through a mortgage letter. Mortgage lenders will be required to use the web-based platform for mortgagee submissions of FHA appraisal data and reports for case numbers assigned on and after June 27, 2016.According to HUD, the EAD portal will make it easier to do business with FHA by offering process and technology efficiencies that “streamline appraisal data transmission, promote quality up-front appraisal data, and reduce post-endorsement appraisal data corrections,” HUD said in a statement. The EAD portal will allow transmissions to FHA of only those appraisals that comply with FHA’s Single Family Housing Appraisal Report and Data Delivery Guide.“When submitting an appraisal, the portal provides a confirmation of a successful submission, or information regarding required corrections that may need to be made before resubmitting and transmitting to FHA,” HUD said.”Web-based, on-demand training will be available,” HUD said, adding that mortgagees are “strongly encouraged to ensure their authorized users and/or designated third-party service providers complete the training before accessing the EAD portal.” May 12, 2016 616 Views last_img read more

What do Slow Home Price Gains Mean for the Market

first_img May 31, 2016 592 Views Home Prices Housing Market Stability S&P/Case-Shiller Home Price Indices 2016-05-31 Staff Writer What do Slow Home Price Gains Mean for the Market? Sharecenter_img in Daily Dose, Data, Headlines, Market Studies, News Home prices continued their upward climb in March but did so at much slower pace than usual for the second consecutive month, leading industry experts to believe that the market is beginning to stabilize.The S&P/Case-Shiller U.S. National Home Price Index (HPI), that  covers all nine U.S. census divisions, reported a 5.2 percent increase in home prices year-over-year in March, down from 5.3 percent the previous month. Month-over-month, home prices rose 0.7 percent, slightly higher than the previous month’s 0.2 percent gain.According to the HPI, the 10-City Composite and the 20-City Composite year-over-year gains were both unchanged from the previous month at 4.7 percent and 5.4 percent, respectively. Month-over-month, the 10-City Composite recorded a 0.8 percent month-over-month increase, while the 20-City Composite posted a 0.9 percent increase in March.”Home prices are continuing to rise at a 5 percent annual rate, a pace that has held since the start of 2015,” said David M. Blitzer, Managing Director & Chairman of the Index Committee at S&P Dow Jones Indices. “The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates. Another factor behind rising home prices is the limited supply of homes on the market. The number of homes currently on the market is less than two percent of the number of households in the U.S., the lowest percentage seen since the mid- 1980s.”Trulia’s Chief Economist Ralph McLaughlin noted that the Case-Shiller HPI results are “a sign that the US housing market is stabilizing in the wake of strong price appreciation between 2012 and 2014. While the S&P/Case-Shiller National Home Price Index is an important metric to watch, it’s worth noting that the measure is more reflective of price movements in premium homes rather than middle or lower tier homes.”According to the data, the top five cities with the highest year-over-year gains among the 20 cities with another month of annual price increases were Portland (12.3 percent), Seattle (10.8 percent), Denver (10.0 percent), San Francisco (8.5 percent), and Dallas (8.5 percent).“Price movements vary across the country. The Pacific Northwest and the west continue to be the strongest regions. Seattle, Portland, Oregon and Denver had the largest year-over-year price increases,”Blitzer stated. “These cities also saw some of the largest declines in unemployment rates among the 20 cities included in the S&P/Case-Shiller Indices. The northeast and upper mid-west regions were at the other end of the ranking. The four cities with the smallest year-over-year prices gains were Washington D.C., Chicago, New York, and Cleveland. The unemployment rates in Chicago and Cleveland rose from March 2015 to March 2016.”Click here to view the full report.last_img read more

Ernst Publishing Company Announces Recipients of PRIA Awards

first_img Ernst Publishing Company technology 2016-12-06 MirashaBrown in Headlines, News, Technology December 6, 2016 699 Views Sharecenter_img Ernst Publishing Company Announces Recipients of PRIA Awards Ernst Publishing Company, a provider of technology and closing cost data for the real estate and home finance industries headquartered in Albany, New York, announced the recipients of the PRIA scholarship and the Carl R. Ernst Founders Award.The PRIA scholarship and the Carl R. Ernst Founders Award were started by the company’s founder, Carl R. Ernst, in an effort to give back and build a stronger industry.The annual PRIA scholarship was awarded to Staci Hoffman, Register of Deeds for Jefferson Co., Wisconsin. The PRIA scholarship was made possible by a fund established by Ernst Publishing in recognition of the company’s late founder, Carl R. Ernst, and awards a hardworking public servant with annual PRIA membership.Carol Foglesong, Assistant Controller for Orange County, Florida, was awarded with the annual Carl R. Ernst Founders Award. Ernst Publishing’s founder and founding member of the PRIA Board of Directors created the PRIA Founders Award to honor an industry member who reflects the association’s core values and who has provided proven, unparalleled leadership in addressing specific industry needs and standards.Gregory E. Teal, President and CEO of Ernst Publishing, explained the history of the PRIA Awards and what it means to the company saying, “As part of our legacy we remain dedicated to PRIA and the core values our founder instilled in those of us who remain to carry on his legacy and the work he began. The Property Records Industry is vitally important to our concept of land ownership, a core value our country was built upon. We are very proud to continue the tradition of sponsoring these important awards. We consider it part of our responsibility to give back to an industry that has given so much to all of us.”last_img read more

Why Consumers Are Wary of Embracing Digital Identity

first_img Share Digital identity is an electronically verified set of attributes that uniquely describe a person and can be beneficial in providing simplified application processes, swift transaction approvals, lower costs, enhanced security, and can also be used to speed up financial transactions. But some consumers are still wary about embracing it, even if it makes their lives easier.Their biggest concern? Security and safety of their personal information. According to the National Housing Survey (NHS) conducted by Fannie Mae, 50 percent of the respondents cited this as their biggest concern. At 18 percent, consumers also cited the information being used for purposes other than what the individual intended it for as the second major concern for them when it came to sharing a digital identity.However, if you look at the industry landscape today, more financial services and technology companies are developing and enhancing digital identity systems, as this technology gains traction around the world. The creation of one, if done well, has the potential to reduce cyber-related risks and empower the consumer by making buying and renting a home safer and more efficient, the survey said.When it comes to having faith in this system, millennials, those with a higher education and higher incomes are leading the way. The survey found that these groups of Americans were more interested in having a digital financial identity. And if they had to be created, half of the respondents believed that large financial institutions or the U.S. Government should be in charge of these identities. Together, large financial institutions and the U.S. Government got 48 percent of the vote from respondents when they were asked which institutions they would trust to manage such a digital identity.Challenges and education opportunities remain, however. The survey reports that 42 percent of respondents said they would not be more interested if digital identity reduced their mortgage origination costs by $500, and 47 percent said they weren’t interested even if it meant instant mortgage approval, eliminating the need to produce any financial documents, or closing the loan within two weeks.“Currently, the mindset is that data must be attached to a ‘physical’ piece of paper—whether that be a PDF, a printed pay stub, or a scanned image of a document, to make it ‘true,’” wrote Jason Nadeau, VP of Factom, in a recent article for MReport. “As technology moves forward, this mindset will no longer be valid. Data will be collected directly from the source without paper support ever existing.”To read the full details of Fannie’s survey, click here. February 20, 2018 851 Views in Daily Dose, Featured, News, Originationcenter_img Why Consumers Are Wary of Embracing Digital Identity Application Consumers Digital Identity Fannie Mae mortgage Origination Process Safety 2018-02-20 Radhika Ojhalast_img read more

Entire Travel Groups CEO Brad McDonnell reiterat

first_imgEntire Travel Group’s CEO, Brad McDonnell reiterated the importance and advantage of trusting a true specialist wholesaler in the travel industry and thanked the agents for their dedication and commitment to Entire Travel Group. “All of our brands are made up of a hard-working team of specialists, passionate about their respective destination. As always, we are devoted to offering only the best for your clients – creating premium itineraries and memorable experiences.” Showcasing the diverse and beautiful French Pacific, Entire Travel Group hosted 130 Sydney and Brisbane travel agents and trade partners (at ‘Ivy Sunroom’ in Sydney and ‘SouthBeach Social’ in Brisbane) at a ‘Champagne and Coconuts’-themed evening to discover the islands of Tahiti and New Caledonia. In partnership with Tahiti Tourisme and Air Tahiti Nui, New Caledonia Tourism and Aircalin, Entire Travel Group invited agents to explore its islands’ brands via a market place where they were able to interact with the key partners and destination specialists. Q&As and discussions spanned a range of topics: from busting common myths about the destinations to surprising facts and showcased the interesting developments such as changing tastes and patterns among Australian travellers, and exciting new airline fleet additions and potential for new routes. agentsAir Tahiti NuiAircalinEntire Travel GroupeventsFrench PacificNew Caledonia TourismTahiti Tourismelast_img read more