Author: admin

Applications for US jobless aid remain low at 276000

Applications for US jobless aid remain low at 276000

first_img New Valley school lets students pick career-path academies 3 international destinations to visit in 2019 Ex-FBI agent details raid on Phoenix body donation facility Top ways to honor our heroes on Veterans Day Applications are a proxy for layoffs. The small number of people seeking benefits indicates that Americans are enjoying solid job security.Most economists are hopeful that the rock-bottom level of applications is a good sign hiring will remain healthy as well.Jim O’Sullivan, chief U.S. economist at High Frequency Economics, forecasts that the May jobs report, to be released Friday, will show that employers added 240,000 jobs.Applications “continue to show no sign of an uptrend, consistent with a still-strong trend in employment growth,” O’Sullivan wrote in a note to clients.Analysts anticipate that the jobs report will show that employers added a solid 227,000 jobs last month, on top of the 223,000 added in April. They also forecast that the unemployment rate will remain 5.4 percent, a seven-year low.The number of Americans receiving unemployment aid fell to just below 2.2 million, the fewest since November 2000. That’s just a fraction of the 8.5 million unemployed. Some of those out of work have used up all their benefits, while others, such as recent college graduates searching for work, aren’t eligible for aid.Job growth has remained healthy even as economic growth has faltered. That’s an important sign that the slowdown hasn’t frightened employers and may be temporary. On Wednesday, payroll processor ADP said that businesses added 201,000 jobs last month, up from 165,000 in April. The ADP’s figures frequently diverge from the government’s more comprehensive report. Former Arizona Rep. Don Shooter shows health improvement Sponsored Stories center_img The economy contracted 0.7 percent in the first three months of the year, a sharp slowdown from growth of 3.6 percent in the second half of 2014. Yet most economists expect growth will recover to a 2 percent to 2.5 percent pace in the second quarter.There are some signs the economy is turning around.The trade gap tumbled 19.2 percent in April as exports rose slightly while imports fell. Imports were artificially inflated in March by the end of a labor dispute at West Coast ports, which unleashed a flood of overseas goods that had been trapped on the docks. The narrower trade gap in April should lift growth in the second quarter.Americans ramped up their car purchases in May. Sales rose 2 percent to 1.64 million cars and trucks, according to Autodata Corp., the fastest sales pace since July 2005.Still, consumers remain cautious and are reluctant to boost their spending in other areas. That has surprised economists, who expected greater hiring and lower gas prices to lift spending. Gas prices have picked up in recent months, but remain about $1 a gallon cheaper than a year ago. Tepid consumer spending is holding back growth.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Comments   Share   WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, a sign that job cuts remain low as employers are confident enough in the business outlook to hold onto their staffs.The Labor Department says applications for unemployment aid dropped 8,000 to a seasonally adjusted 276,000. The four-week average, a less volatile figure, ticked up 2,750 to 274,750.Applications have been below 300,000, a historically low level, for 13 weeks. New Year’s resolution: don’t spend another year in a kitchen you don’t like Top Stories last_img read more

Ukraines artillery duels again take toll on civilians

Ukraines artillery duels again take toll on civilians

first_img Arizona families, Arizona farms: providing the local community with responsibly produced dairy Around an hour-and-a-half after sunset, from the fields outside Pisky, AP observed what appeared to be incoming fire from rebel areas. Within an hour, a Ukrainian artillery position in the distance was observed undertaking what appeared to be a return salvo.Heavy artillery has tended to be so imprecise that its use, particularly when aimed at residential areas, has come under critical scrutiny. Its only immediately obvious effect is to as act a deterrent — terrifying the opponent into desisting from taking position and initiating any fresh attacks.The shells that hit the rebel-held city of Horlivka on Thursday left at least three dead, according to separatist officials.“The shelling started all of a sudden, so we began to escape. When we ran outside, we saw a house burning,” said Dmitry Nosov, holding his son Misha in his arms. “Here is a child that suffers from all this. How is it that this is our fault?”___Associated Press reporter Evgeniy Maloletka contributed to this report from near Donetsk, Ukraine.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Sponsored Stories Parents, stop beating yourself up Arizona families, Arizona farms: A legacy of tradition embracing animal care and comfort through modern technology Milstead says best way to stop wrong-way incidents is driving sober New Valley school lets students pick career-path academies Top Stories DONETSK, Ukraine (AP) — Crackling forth over radio, the voice ordered tanks to take position in a residential area in Donetsk, the stronghold of separatist rebels in east Ukraine.The rebel armored vehicles trundled to their destination accompanied by a reinforced minivan carrying infantrymen to provide cover. Minutes later, the shells blasted toward government positions. Out of ammunition, the tanks left the scene. Later the same morning, artillery flew in the opposite direction — this time seemingly from Ukrainian troops, hitting a severely damaged area still inhabited by hundreds of families.center_img One of the men killed Thursday was sitting outside drinking when the shell struck, his friend told The Associated Press. The shell tore into a dusty side-road by a rusting kiosk, and the shockwaves blew the man off his feet into a nearby fence.Only meters (yards) away, the recently left tracks of heavy armor were still visible, although the vehicle had long gone. In the intense early summer sun, track-marks often remain impressed in softened asphalt as evidence the tanks have been there.Ukraine’s army has always denied it aims artillery at residential areas. The sheer scale of destruction across areas of Donetsk and other rebel towns and cities have strained that official line beyond breaking point.On-site investigations by observers from the Organization for Security and Cooperation in Europe, which is ostensibly charged with monitoring the cease-fire, have also suggested shells have been aimed from government positions.Last week, an AP reporter traveled in the afternoon to a Ukrainian government artillery position in an open field several kilometers from Pisky, a village just west of Donetsk.Pisky has long been a headache for the separatist fighters and residents of Donetsk alike, because it has been a launching pad for much Ukrainian shelling. Accordingly, it has been on the receiving end of much artillery lobbed by rebel forces. Ex-FBI agent details raid on Phoenix body donation facility Here’s how to repair and patch damaged drywall “There is outgoing fire and then, after a while there is incoming shelling. This has been going on for a year,” said Valentina Barkova, as she cleared away debris from a strike on an apartment block neighboring her own over the weekend.Tensions are at a breaking point for residents. On Monday, a spontaneous rally broke out demanding an end to the war. Some locals are calling for a big push to thwart the Ukrainian army, but many allied to the insurgents are also calling on them to pull their weapons out of residential areas.Rebel commanders insist that they have no heavy weapons on the front, despite evidence to the contrary.“There are no such weapons here. We pulled them back. We use small arms and that’s that. We are not violating the (peace) agreements even in the slightest way,” said the head of the rebel unit at a front line position near the remains of Donetsk airport. The commander identified himself only by the nom de guerre Petrovich.Separatist spokesman Eduard Basurin said Friday that two civilians had been killed as a result of Ukrainian shelling the previous day.“During the violation of the cease-fire regime by Ukrainian forces, there were 11 casualties, among them two men killed in (Donetsk’s) Kuibyshev district,” he said. Comments   Share   A woman cries as she holds her baby, near to her house damaged by shelling, in Horlivka, eastern Ukraine, Thursday, June 11, 2015. At least four people including a child were killed by shelling in east Ukraine on Thursday. (AP Photo/Mstyslav Chernov)n Artillery duels like this one have been a dominant feature of Ukraine’s conflict, which the United Nations estimates has claimed at least 6,454 lives among both combatants and civilians. After months of relative tranquility ushered in by an internationally brokered armistice in February, civilian deaths are again becoming commonplace amid the stepped-up heavy weapons fighting.UNICEF, the United Nations children’s agency, said that at least 68 children have been killed in the conflict — many by artillery. UNICEF said some children were injured by heavy weaponry as recently as last week, when heavy fighting erupted in Donetsk suburb of Marinka.The rebel artillery last week hit a checkpoint, killing a rebel fighter and wounding at least two others. More often than not, the shells are less precise and slam into homes, shops or a public building, killing or wounding civilians.Rebels say they are fighting to push back Ukrainian forces from their main city and keep them as far away from the civilian population as possible. Ukrainian officials say separatists are looking to provoke a new round of full-blown war.What AP reporters have been able to observe looks like hit-and-run strikes by rebel forces, often carried out from inside residential zones. Some Donetsk inhabitants are willing to confirm as much.last_img read more

SA Tourism eyes MICE with new website

SA Tourism eyes MICE with new website

first_imgUnderlining its commitment to the nation’s MICE market, South African Tourism (SAT) has announced the launch of its new business tourism website. Dedicated to educating the MICE market on all aspects of business tourism in South Africa, the new website (www.southafrica.net/meetings), will include general information on the country, ‘Green’ meetings and venues, various incentives on offer for the corporate traveller, the latest news and SAT contact information. “We have always been very focused on MICE particularly in the acquisition of international association congresses as well as corporate meetings and incentives,” SAT business tourism manager Australasia Eric Lewanavanua told e-Travel Blackboard. “We feel that we have a fantastic MICE proposition and the www.southafrica.net/meetings link will share fantastic new experiences for meetings and incentive planners particularly when they are looking for the “WOW” factor.” Speaking of South Africa’s increasingly popular status as a MICE destination, Mr Lewanavanua said that the country had “already secured over 200 meetings for 2011”, adding that SAT was committed to working with its South African partners to increase its share of the “meetings and incentive pie”. “I devote this increased popularity as a combined initiative by SAT, our airline partners as well as our key stakeholders who are continuously waving the South African flag to ensure that we are part of the consideration set when it comes to meetings and incentives,” Mr Lewanavanua told e-Travel Blackboard. Mr Lewanavanua also alluded to the success of the recent Meetings Africa conference which he described as “a fantastic platform” for key stakeholders to engage key clients.SAT’s new business sub-site joins Judy Joy’s Journal, a recently launched initiative providing corporate tourism professionals with blogs and tips on how to persuade clients to choose South Africa as their next MICE destination. Source = e-Travel Blackboard: M.H SAT’s new and improved business tourism sub-sitelast_img read more

Travel Partners recruits former Counsellors GM

Travel Partners recruits former Counsellors GM

first_imgFormer Travel Counsellors’ general manager Peter Watson has been recruited to take on business development roles at mobile travel agency, Travel Partners.Bringing with him knowledge and experience from the at-home consultancy sector, Travel Partners managing partner Jeff Hakim described Mr Watson’s enlistment as a “tremendous coup”.  “Peter Watson needs no introduction – his record speaks for itself,” Mr Hakim said. According to the Travel Partners’ head, Mr Watson complimented the former GM’s four year working history as ATAC chief executive as well as three years as Concorde Agency Network GM.Dealing specifically with business growth and recruitment, Mr Watson has launched into his new role from his home base in Melbourne. Source = e-Travel Blackboard: N.Jlast_img read more

Tourism offices invited to join CATO

Tourism offices invited to join CATO

first_imgSource = e-Travel Blackboard: N.J Off-the-back of the demise of the Association of National Toursit Office Representatives {ANTOR), the Council of Australian Tour Operators (CATO) has released plans to open its membership doors to tourist offices down under.Amending its constitution late last night, the representative committee explained that it would welcome previous ANTOR affiliates to join the group as full members and have the ability to interact with tour operators on a more regular basis.  CATO stressed they would have the same rights as tour operators as well as the ability to have one member of the office become part of the committee.“The Executive Committee made its decision to admit a tourist office member if in the committee application the party is able to contribute to the objectives and activities of the council by reason of the applicants involvement or interest in the travel industry,” CATO explained last night.With up to 48 tourist offices previously signed up with ANTOR, the representative Group said it would offer a grace period membership fee wave up to the 31 March 2012.CATO explained during that period they would be considered full members but would only commence the $460 membership standard fee from 1 April next year. The Group’s chairman Rod Eather explained that joining the organisation would provide benefits for both tour operators and tourism offices because of regular and ongoing communication opportunities.“I think this is a really logical progression with the demise of ANTOR that they do become a part of CATO,” the chairman said last night. “I think it opens some fantastic opportunities for them [tour operators] as well and being as tourist office members because after attended one of our meetings they can use it as an opportunity continue having meetings themselves. “It’s a win, win situation and I really don’t have any problems with them becoming full members.”As well the tourist offices will also be able to upload a link from CATO’s website to their own, drawing in more business.Speaking at the Harbour View Hotel in North Sydney, the Group also announced it was looking to upgrade its website early next year. For more information from last night’s event click here.last_img read more

Coming to America CTM acquires US business

Coming to America CTM acquires US business

first_imgUtilising its $7 million funds set aside for business growth, Corporate Travel Management (CTM) has announced its move into the US through the acquisition of R&A Travel.Effective 1 July this year, the company’s managing director Jamie Pherous said the move into the larger market was made as part of the Group’s longer term growth plan and would offer Australian and New Zealand based clients access to USA services.Mr Pherous added that the US$5.39 million base consideration would also assist the company meet the needs of its client base.“CTM will be in a position to offer a highly-organised service offering across the USA, Australia and New Zealand which matches local cultural needs, underpinned by a best-in-class offering,” he said.“Importantly, the Business Intelligence reporting framework CTM have developed can integrate with any travel reservation system in any country of the world, allowing CTM to deliver a strong value proposition of local personalised service with best-in-class global benchmark diagnostics.”Mr Pherous noted that R&A Travel was selected as its US launch primarily because it meets the company’s criteria with a main focus on travel, excellent management as well as high client and staff retention.   Source = e-Travel Blackboard: N.Jlast_img read more

Business as usual TCF tells agents to operate as normal

Business as usual TCF tells agents to operate as normal

first_imgTravel agents have been urged to continue reporting to the Travel Compensation Fund (TCF) as usual after the consumer protection Group received a string of calls enquiring about the future of the company’s operations.Reassurance follows the release of a Consumer Affairs Ministers half year review earlier this month, which highlighted concerns over the relevance of the TCF in today’s market as well as the possible withdrawal of funding into the consumer protection Group.However, despite the report the company’s chief executive Glenn Wells said there is no “immediate changes” to the TCF and at present agents should “continue normal operations”.He explained that at this stage the Ministers have only released a brief communiqué about their decision, which will be followed by a Draft Plan from August this year. “They [agents] must continue to lodge their annual financial reviews and financial statements with the TCF,” Mr Wells said.  “New agents must still make application for TCF participation and show they have the necessary financial resources to carry on business as a travel agent as part of their application for a travel agents licence.” Mr Wells said he expects a final decision on future operations to be made later this year. Source = e-Travel Blackboard: N.Jlast_img read more

Shailesh Patel

Shailesh Patel

first_imgThis is my second visit to OTM as an exhibition in Czech Tourism pavilion. It is growing and i see a bright prospect of OTM. OTM Mumbai is also a very good medium for the small agents who are working via big agents and don’t have a direct access to DMCs from an international end. This medium can join us like a bridge and that is why I feel participating in OTM is very important for a foreign DMC.last_img

Luxembourg Ambassador seeks support from TAAI to promote tourism

Luxembourg Ambassador seeks support from TAAI to promote tourism

first_imgAmbassador from Luxembourg made a presentation in Mumbai exclusively for the Travel Agents Association of India (TAAI) team seeking cooperation from TAAI members to promote Luxembourg as a tourism destination from India.H.E. Sam Schreiner, Ambassador, Embassy in India for Grand Duchy of Luxembourg, during his visit to Mumbai along with Laure Huberty, Deputy Head of Mission, met the TAAI team and informed about the places to visit and things to do in Luxembourg.A destination for holidaymakers and honeymooners, Luxembourg is a destination full of art and culture, nature, sports and leisure, shopping, castles, lakes, and much more.Workshops and road shows for the travel trade are being planned to take place in the major cities of the country for the coming year ahead.last_img read more

Ellie Mae DocMagic Come to Terms on Antitrust Settlement

Ellie Mae DocMagic Come to Terms on Antitrust Settlement

first_img in Government, Secondary Market, Servicing, Technology Ellie Mae, DocMagic Come to Terms on Antitrust Settlement Share After a three-year battle, “”Ellie Mae””:http://www.elliemae.com/ and software developer “”DocMagic””:https://www.docmagic.com/ reached a settlement over an antitrust suit, the companies announced jointly.[IMAGE]DocMagic first filed against Ellie Mae in August 2009, alleging “”antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage, and unfair competition,”” according to a company release sent out at the time. DocMagic also claimed Ellie Mae misused its intellectual property in Ellie Mae’s own Docs system.According to DocMagic, the company’s access to the ePASS network was terminated by Ellie Mae, which then “”subsequently took drastic steps to prevent its users from accessing DocMagic products through unfair and anti-competitive behavior,”” including the transferal of DocMagic users to Ellie Mae’s own loan document service.””These kinds of actions create unnecessary problems for our industry and the flow of business which only hurts the customers we serve, and our industry’s recovery,”” DocMagic CEO Dominic Iannitti said at the time.The settlement comes after months of negotiation between the two companies and will restore their previous relationship.””This settlement ends the legal disputes and renews the former relationship between the two companies, with DocMagic agreeing to make its services available to lenders through the Ellie Mae Network,”” the companies said in a joint release. “”This agreement will enable the companies to focus resources on innovation and on enhancing the experience available to our mutual customers.””center_img Agents & Brokers Attorneys & Title Companies DocMagic Ellie Mae Investors Lenders & Servicers Processing Service Providers 2012-10-11 Tory Barringer October 11, 2012 427 Views last_img read more

Loan Officer Survey Shows Moderate Easing in Credit Standards

Loan Officer Survey Shows Moderate Easing in Credit Standards

first_img Agents & Brokers Attorneys & Title Companies Credit Standards Demand Federal Reserve Investors Lenders & Servicers Loan Officer Surveys Loan Officers Purchase Loans Refinance Service Providers 2013-11-05 Tory Barringer Lending standards for prime mortgage loans eased slightly over the past three months–but consumers aren’t as interested, according to a survey released “”Monday””:http://www.federalreserve.gov/boarddocs/snloansurvey/201311/fullreport.pdf by the “”Federal Reserve””:http://www.federalreserve.gov/.[IMAGE]On net, a “”moderate fraction”” of banks polled in the Fed’s Senior Loan Officer Survey reported easing standards on prime residential mortgages from August to October, with a net 8.8 percent saying credit standards have “”eased somewhat.”” Among large banks, a net 26.5 percent reported somewhat looser standards.For non-traditional mortgages, standards were largely unchanged. The Fed didn’t receive enough responses related to subprime mortgages to ascertain credit conditions.Meanwhile, however, demand has declined for both prime and nontraditional mortgages as mortgage rates bounce upward. Among all respondents, a net 7.2 percent reported moderately or substantially weaker demand for [COLUMN_BREAK]prime mortgages over the last few months, while 15.1 percent reported weakened demand for nontraditional loans.For the October survey, the Fed also included a number of special questions regarding the steady climb in mortgage rates that started in May. On net, “”a moderate fraction of large banks and a modest fraction of small banks”” reported seeing lower application volume for purchase loans since the spring, and more than 90 percent of respondents said “”they have recently received moderately to substantially lower volumes of refinancing applications”” compared to earlier this year.As a result, the majority of banks have reduced their processing time for purchase applications and increased marketing efforts related to those products–though “”very few banks reported having reduced origination and processing fees, or minimum required down payments and FICO scores for approving home-purchase loan applications,”” the Fed said.Shifting to commercial real estate (CRE) lending, the October 2013 asked questions separately for the three major loan categories: construction and land development loans, loans secured by nonfarm nonresidential structures, and loans secured by multifamily residential structures.According to loan officer responses, “”[s]mall net fractions of banks reported that they had eased standards on each of the three categories … with the largest number of banks indicating having eased standards on loans secured by multifamily loan structures.””””Moderate net fractions”” of banks said they have experienced stronger demand for CRE loans across all categories. Share Fed,Loan Officer Survey Shows ‘Moderate’ Easing in Credit Standardscenter_img in Data, Origination November 5, 2013 506 Views last_img read more

Mortgage Rates Remain on Downward Path

Mortgage Rates Remain on Downward Path

first_img Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October.In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week.Last May, the 30-year fixed was at 3.59 percent and climbing amid speculation the Federal Reserve would soon start tapering its monthly asset purchases. The first cut didn’t arrive until seven months later, in December.The average 15-year FRM also dropped, declining to 3.25 percent (0.5 point) from 3.29 percent.Turning to adjustable-rate mortgages (ARMs), Freddie Mac reported a slight decline in the average 5-year ARM, which was measured at 2.96 percent (0.4 point) for the week. The 1-year ARM was flat at 2.43 percent (0.4 point).Declines were also reported from Bankrate.com, a personal finance website.In its national survey, Bankrate recorded the 30-year fixed at 4.29 percent and the 15-year fixed at 3.38 percent, both down 4 basis points from last week. The 5/1 ARM, meanwhile, declined a full tenth of a percent to 3.21 percent.Analysts for the site pointed to economic concerns both domestic and abroad as the cause for the latest drop: “The Federal Reserve remains concerned about inflation being too low, readings on the housing market have been disappointing of late—both of which lead to uncertain conclusions about the U.S. economy—and the European Central Bank is widely expected to begin their own round of bond purchases in the coming months.”Each of these argues for interest rates, including mortgage rates, remaining lower than expected, longer than what had been expected just a few months ago.” May 22, 2014 453 Views Adjustable-Rate Mortgage Bankrate Fixed-Rate Mortgage Freddie Mac Mortgage Rates 2014-05-22 Tory Barringer in Daily Dose, Headlines, News, Originationcenter_img Mortgage Rates Remain on Downward Path Sharelast_img read more

Recalibrated Credit Model Expected to Raise Scores

Recalibrated Credit Model Expected to Raise Scores

first_img in Daily Dose, Headlines, News, Origination The company responsible for one of the most widely used measures of credit health is making changes to its current model that could boost credit scores nationwide.In an announcement on Thursday, analytics and decision management firm FICO said its new credit model, FICO Score 9, “introduces a more nuanced way to assess consumer collection information,” resulting in greater precision for lenders measuring a borrower’s credit stability. The model will be available to lenders through the country’s various reporting agencies starting in the fall.”FICO Score 9 uses a more refined treatment of consumers with a limited credit history and those with accounts at collection agencies, so that lenders can grow their credit and loan portfolios more confidently,” said Jim Wehmann, EVP for Scores at FICO.The key difference in the new model is that strikes from medical collections will have a lower impact, reflecting the relatively low level of credit risk they represent. From just that change, the company expects the median FICO score will increase by 25 points among consumers whose only credit dents come from unpaid medical debts.FICO isn’t alone in its push to reassess how medical debts are reflected on a borrower’s credit profile. In May, the Consumer Financial Protection Bureau (CFPB) released the results of a study finding that credit scores may underestimate creditworthiness by as much as 10 points for consumers owing on medical costs and by up to 22 points for consumers who have repaid their debt.Often, consumers aren’t even aware their debt has been sent to collections, CFPB said.Another change in the FICO Score 9 model is that it will also discount any overdue payments that have already been made, leaving only unpaid collections as a mark.While the changes may have a significant impact on approval rates for credit cards and auto loans, the effects will be more subtle for borrowers and lenders in the mortgage space, says Greg McBride, chief financial analyst for personal finance website Bankrate.com.”These changes are going to be a positive for consumers, but it’s not something that moves the goalposts,” McBride said in a phone call. “These changes aren’t going to take a consumer with bad credit and suddenly make them appear as if they have good credit.”Rather, for consumers whose credit scores sit on the threshold between poor, adequate, or good, the expected boost could make a difference in terms of required down payments or interest rates.The Score 9 model also promises to help lenders make decisions on consumers with little to no credit history—though McBride doesn’t expect to see an immediate impact in mortgage approvals for credit-lacking millennials.However, if those young consumers have an easier time securing lines on smaller loans, however, that could balloon out into the mortgage space in the future.”You [have to] knock over the dominoes,” McBride said. August 8, 2014 612 Views Sharecenter_img Bankrate Consumer Financial Protection Bureau Credit Score Credit Standards FICO 2014-08-08 Tory Barringer Recalibrated Credit Model Expected to Raise Scoreslast_img read more

MiT National Land Services Recruits Leader for National Division

MiT National Land Services Recruits Leader for National Division

first_imgMiT National Land Services Recruits Leader for National Division In New York, national title insurance firm MiT National Land Services added Daniel Eckert to its team to run the company’s National Division.Eckert’s title career spans 25 years and has seen him working with clients ranging from real estate investment trusts to banks to large loan officers. Throughout his career, MiT says he’s earned a reputation as a leader in providing title and settlement-related services for clients.Working out of Chicago, he will spearhead MiT’s national expansion, actively integrating his clients into the company’s platform.In a statement, MiT president Marc Israel said Eckert was the natural choice for the job.”When we set out to find an executive to head up our National Division we made a Top Ten list of the skills and qualities we were looking for,” Israel said. “Incredibly, when we met Dan we were able to quickly tick off all 10 on our list and then a half dozen more. We are thrilled to have him on board and are looking forward to him helping us grow our national presence.”Eckert expressed similar thoughts about joining the firm.”Five minutes after I met Marc I knew I wanted to join MiT,” he said. “What they are doing both on a national level, and with their continuing education programs for attorneys, brokers, and the title insurance industry, made it a no brainer for me to jump on board and help grow the national division.” MiT National Land Services Movers & Shakers 2015-01-14 Tory Barringer January 14, 2015 494 Views center_img in Headlines, News Sharelast_img read more

FHFA Index Shows Mortgage Interest Rates are Down for May

FHFA Index Shows Mortgage Interest Rates are Down for May

first_img Federal Housing Finance Agency Interest rates Monthly Interest Rate Survey 2015-06-25 Staff Writer The Federal Housing Finance Agency (FHFA) recently released their Monthly Interest Rate Survey (MIRS) finding that on a national level, interest rates on conventional purchase-money mortgages decreased from April to May, according to several indices of new mortgage contracts.The survey found that the national average contract mortgage rate for the purchase of previously occupied homes by combined lenders index was 3.75 percent for loans closed in late May. This percentage was down three basis points from 3.78 percent in April.The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 3.90 percent, down three points from 3.93 in April, the FHFA reported.The FHFA also reported that the effective interest rate on all mortgage loans was 3.90 percent in May, down four points from 3.94 percent in April. The average loan amount for all loans was $310,900 in May, up $300 from $310,600 in April.The FHFA’s MIR Survey provides monthly information on interest rates loan terms, and house prices by property type (all, new, previously occupied), by loan type (fixed-or adjustable-rate), and by lender type (savings associations, mortgage companies, commercial banks, and savings banks), as well as information on 15-year and​​​ 30-year fixed-rate loans.  Additionally, the survey provides quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank district.The FHFA surveyed a sample of mortgage lenders to report the terms and conditions on all single-family, fully amortized, purchase-money, nonfarm loans that they close during the last five business days of the month. The survey excludes FHA-insured and VA-guaranteed loans, multifamily loans, mobile home loans, and loans created by refinancing another mortgage.Click here to view the FHFA’s Monthly Interest Rate Survey. June 25, 2015 475 Views FHFA Index Shows Mortgage Interest Rates are Down for Maycenter_img in Daily Dose, Data, Headlines, News Sharelast_img read more

First American Expands Data Solution Suite

First American Expands Data Solution Suite

first_img October 1, 2015 514 Views Share First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, recently expanded their ability to license its comprehensive real estate data that includes 99.9 percent of U.S. housing stock and includes more than 5.5 billion recorded document images.Companies and organizations in real estate finance or other industries that require assessor, county recorder, property valuation, foreclosure, and other derived data, can now license this data from First American.“Data licensing is an important part of our evolution as the industry-leading property data solution provider, and we’re excited by the response from the market to our flexible real estate data licensing options,” said Robert Karraa, president of First American Database Solutions. “We listened carefully to our clients and responded to their requirements. Businesses that depend on great data to power their success will be pleased with the quality and ease of access to our data.”When licensing First American’s data, customers benefit from the company’s industry-leading experience and commitment to quality and innovation. This includes Verified Record, an innovative, patent-pending feature exclusive to First American. Verified Record’s proprietary processing algorithms verify public record information within a real estate transaction against multiple independent sources including First American’s public record databases. When data is matched, it is marked as a “Verified Record.” First American also standardizes complex raw input data by formatting the data into a clean, standard output that is consistent across all geographies. This data standardization makes it easy for customers to consume and leverage data from across the country.First American offers several convenient delivery options for real estate data, recorded documents and property reports. These delivery options include FTP, XML, as well as a “match and append” service, where First American appends property data to files provided by clients to their custom specifications.First American also offers online, self-service options for searching and acquiring real estate data and recorded documents. DataTree.com provides users with access to the entire nationwide property database, as well as another patent-pending First American innovation, FlexSearch. FlexSearch provides the ability to conduct nationwide searches for any name or phrase contained within billions of recorded land documents, such as deeds, judgments, liens and releases. FlexSearch provides access to information that was previously unsearchable, including homeowner’s association names, attorney names or the data associated with a loan. With DataTree Mobile, available in Apple’s App Store, subscribers can use their mobile phones and tablets to access First American’s data. Data Solution Suite First American Financial Corporation Housing Stock 2015-10-01 Staff Writercenter_img First American Expands Data Solution Suite in Headlines, News, Servicinglast_img read more

Family Homebuyers Top 5 States With Greatest Public Education

Family Homebuyers Top 5 States With Greatest Public Education

first_img in Daily Dose, Data, Featured, Headlines, News Share July 31, 2017 631 Views Many factors are considered during a homebuyer’s decision-making process. But for the majority of American families, securing their child’s academic success is a top priority when selecting the right housing markets to consider.To help determine which locations are most suitable when it comes to public education, WalletHub released 2017’s States With the Best and Worst Public School Systems report.According to the data, it is important to acknowledge where public school dollars come from. It is notable that states contribute almost as much as local governments, while the federal government supplies the least. Therefore, WalletHub takes a comprehensive state-to-state look at public education.However, to determine the performance of public school systems by states in America, WalletHub’s analysts compared the 50 states and the District of Columbia across the dimensions of quality and safety. Those dimensions were evaluated using 21 relevant metrics, with each metric graded on a 100-point scale, with a score of 100 representing the best school-system quality.With a total score of 78.16 points, Massachusetts ranks as the top state with the best public education, ranking first in quality and safety. Along with the highest math test scores, highest reading test scores, and lowest percentage of threatened and injured students, this state is a location for homebuyers to look into.New Jersey follows suit as the second best state with one of the lowest dropout rates, highest math and reading scores, and lowest pupil to teacher ratios. Completing the top five best states includes New Hampshire, Wisconsin, and Vermont.Look south to find the region with the bottom five public education systems by state. With the lowest math test scores, the second lowest reading test scores, and highest percentage of threatened or injured students, Louisiana’s total score of 27.42 points received the lowest ranking in the country.New Mexico, West Virginia, District of Columbia, and Mississippi round out the rest of the bottom five states. Making up the states with some of the lowest test scores and highest bullying percentages.Want to know how other states ranked? Click here.center_img HOUSING mortgage Public education Public School state government WalletHub 2017-07-31 Nicole Casperson Family Homebuyers: Top 5 States With Greatest Public Educationlast_img read more

ClosingCorp Partners With Springboard Home Loans

ClosingCorp Partners With Springboard Home Loans

first_imgClosingCorp Partners With Springboard Home Loans in Headlines, Origination, Technology  ClosingCorp, recently announced that Springboard Home Loans, a not-for-profit mortgage lender working to expand homeownership, has begun using its SmartFees solution, an automated fee solution that delivers real-time closing cost data from more than 20,000 individual service providers.With this move, Springboard will now be able to expedite Loan Estimate and Closing Disclosure production through its integration with ClosingCorp and Ellie Mae’s mortgage management solution, Encompass.”As a not-for-profit lender, our mission is to bridge the wealth gap in America by providing scaled solutions and access to capital for underserved communities,” said Gabe Del Rio, President, Springboard CDFI. “Working with ClosingCorp’s Smart Fees brings us best-in-class accuracy and efficiency, while providing a completely transparent closing process for our partners and borrowers.”“We are excited about our association with Springboard and the important role it plays in financing homeownership for aspiring first-time homebuyers,” said Bob Jennings, CEO of ClosingCorp. “We continue to be dedicated to providing solutions that help automate the residential real estate transaction process while helping our lender clients improve cycle times, increase efficiencies and remain compliant at all times.” August 10, 2017 748 Views center_img Share Partnership 2017-08-10 Joey Pizzolatolast_img read more

LatAm countries form united front against TR4 D

LatAm countries form united front against TR4 D

first_img LatAm countries form united front against TR4 – ‘D … Colombia: TR4 suspected on two banana farms … One Banana targets U.K. retail expansion with ethi … Ecuador’s banana exports to EU fall in Q1 … You might also be interested incenter_img Chiquita Brands International, one of the world’s biggest banana companies, has implemented a new, dedicated and integrated container service it says will set an even higher standard to safeguard the quality of its fruit across the world.  The new logistic service will now operate five full-container vessels to transport bananas from Central America to Europe’s Vlissingen port in The Netherlands.The company said the modern hub will allow Chiquita to serve all Northern European destinations with the best transit time in the industry.The investment in this new service will result in fresher bananas and a longer shelf life, thanks to new ultra-efficient containers that positively impact fruit quality by using software that automatically regulates the containers’ compressor thereby controlling the atmosphere, it said. February 08 , 2019 Tthe new service would result in a positive environmental impact as each new container is 50% more energy efficient than older models.In addition, Chiquita said the new vessels have also helped to reduce the handling of fruit at ports and increased stowage capacity by 12.5%, thanks to a more efficient storage from origin to destination, guaranteeing the cold chain.These improvements will mean more bananas can be moved per trip, using less energy whilst still ensuring the fruit quality is prioritized.“Looking back over these past years work with the container fleet upgrade, we can proudly say we have achieved something remarkable” said Carlos Lopez Flores, global president of Chiquita.”We’ve saved an unprecedented amount of energy – the equivalent of the CO2 emitted by 3,000 cars per year.”last_img read more

Leading hotels and tourism groups have signed the

Leading hotels and tourism groups have signed the

first_imgLeading hotels and tourism groups have signed the “Phuket Pledge” at the Phuket Hotels for Islands Sustaining Tourism Forum 2018 (PHIST) aiming to create a sustainable model for future island tourism development in Asia.The Phuket Pledge is a commitment by tourism operators to reduce, reuse and recycle single-use plastic in Phuket with the ultimate goal to eradicate it. In addition, the stake-holders vowed to undertake a youth community education program to ensure grassroots awareness of the critical problems surrounding plastic usage on the island.According to Six Senses Hotels Resorts and Spas President Bernhard Bohnenberger, one of the signatories to the pledge, “The industry is finally waking up to this issue, but we need coordination and action to make tangible change and see results. This is what we hope PHIST will go a long way to achieving.”Supported by Thailand’s Ministry of Sports and Tourism, PHIST is the largest hospitality event dedicated to sustainability in Asia. Over 550 delegates from countries including Thailand, Indonesia, the Philippines, Vietnam, Singapore and Hong Kong gathered at the JW Marriott Mai Khao in Phuket to debate key issues.A Green Groove area added an extra dynamic to the event as regional suppliers headlined an innovative exhibition of Asia’s cutting-edge producers and inventors of sustainable products for the hospitality and tourism industries.Anthony Lark, President of the Phuket Hotels Association and Eric Ricuarte, Founder of GreenviewEnvironmental and sustainability storylines have been global press leads for the past six months, many of which have focused on islands in Asia. Earlier in the year, Thailand made a stand with the closure of iconic Maya Bay and in the closure of Boracay in the Philippines also made headlines. Both were shut to allow for environmental regeneration.With Indonesia’s Beyond Bali campaign, an island focused tourism strategy that looks to leverage Indonesia’s expansive archipelago, and the emerging marine tourism industries in Vietnam, Myanmar and Cambodia, sustainable tourism in Asia’s islands has shot to the top of the regional agenda.Bernhard Bohnenberger, President, Six Senses Hotels Resorts Spas; Marisa Sukosol Nunbhakdi, Vice President & Environmental Chair — Thai Hotels Association and Executive Vice President — Sukosol Hotels; Wilaiporn Pitimanaaree, Senior Vice President, Central Pattana Public Company; Anthony Lark, President, Phuket Hotels Association and Managing Director, Trisara.“We need to fight for Phuket. It is as simple as that. And we can’t do it alone. We need to do it together,” said Phuket Hotel Association President and Managing Director of Trisara, Anthony Lark.“We hope the Phuket Pledge will be a start and ultimately become a model for us and other islands regionally to come together for the sake of sustainable island tourism in Asia.”PHIST was opened by the Deputy Governor of Phuket, Khun Prakob Wongmaneerung, and featured experts in their respective fields, focusing on marine and coastal tourism, sustainability, youth education and community tourism.Khun Prakob Wongmaneerung, Deputy Governor of PhuketThese included Thai Hotels Association Vice President & Environmental Chairperson Marisa Sukosol Nunbhakdi, Central Pattana Senior Vice President Wilaiporn Pitimanaaree, Thailand Convention and Exhibition Bureau Senior Manager Pat Satkhum, Tajara Leisure & Hospitality Group CEO Cyndy Tan Jarabata from the Philippines and Horwath HTL Indonesia Matt Gebbie.Bill Barnett, Managing Director of C9 HotelworksPHIST is co-organised by Phuket Hotels Association, C9 Hotelworks led by Managing Director Bill Barnett and Greenview CEO Eric Ricaurte. Sponsorship and endorsement is from the Ministry of Sports and Tourism, Tourism Authority of Thailand, Thailand Convention and Exhibition Bureau, Thai Hotel Association, Central Phuket, BMW, Blue Tree Phuket, C9 Hotelworks, Greenview, AmCham, QUO and Delivering Asia Communications. eco tourismsustainable tourismthailandlast_img read more