Devesh Sharma

first_imgOTM Mumbai is a wonderful platform to meet people from different ethnic city, different culture, and different religion and of course different travel experience. It is good to share experience in a good platform like OTM.last_img

Amarpal Chandok

first_imgOTM 2016 went as well as we expected. We have been participating for the last three years and it has given us a good scope in terms of exhibitors and in terms of people visiting the exhibition. We met a number of delegates during this three day event and made good amount of contacts along with some positive leads. So overall it was really a good experience for us and we are definitely participating next year.last_img

TTF Kolkata soars high with 50 jump in footfalls

first_imgOver 315 exhibitors from 9 Countries and 27 Indian States & Union TerritoriesTravel & Tourism Fair (TTF) Kolkata concluded successfully with over 315 participants from 9 Countries and 27 Indian States & Union Territories over the three day show at Netaji Indoor Stadium and the adjacent Khudiram Anushilan Kendra.TTF is India’s oldest and largest travel trade show, which is now organised in 9 cities annually.One of the biggest travel industry platforms in the country, TTF Kolkata was inaugurated by Chief Guest Goutam Deb, Tourism Minister of West Bengal, in the presence of A R Bardhan, Principal Secretary, Department of Tourism, Government of West Bengal; Jyotirmay Barman, Joint Secretary, Ministry of Civil Aviation & Tourism, Government of the People’s Republic of Bangladesh; Preecha Kaensa, Consul General of Thailand in Kolkata; N Srivastava, MD and Commissioner, Tourism Corporation of Gujarat Ltd; Nikhil Desai, MD, Goa Tourism Development Corporation Ltd; Dr. Christina Z Chongthu, MD, Telangana State Tourism Development Corporation Ltd; Ujjwala Dali, Officiating Director- Tourism Marketing & Promotion, Nepal Tourism Board; and Sushma Chauhan, Director- Jammu, J&K Tourism.While inaugurating the event, Goutam Deb, Tourism Minister, West Bengal, said, “I express my humble thanks to TTF for organising this beautiful edition of TTF in Kolkata. It is indeed a pleasure to see that as many as 315 participants have exhibited in a big way at TTF. The government of West Bengal has undertaken several measures to showcase the potential of the tourism sector.”First half of the show was reserved for the travel trade, after which it was open to public. The three day travel trade show had brought together state tourism boards, national tourist offices, hoteliers, airlines, tour operators, travel agents, online travel companies, railways, cruises and other travel marketers under one roof.Uttarakhand, Himachal Pradesh, Gujarat, Odisha, Rajasthan, Goa, Jammu & Kashmir were the Partner States for the event whereas Madhya Pradesh, Kerala, Punjab, Jharkhand and Chhattisgarh were the Feature States.Bangladesh and Nepal participated in a big way as the Partner Countries. Thailand was present as the Feature Country. TTF Kolkata was supported by India Tourism.Important exhibitors included Bodoland Tourism, Travstarz, Nicco Parks & Resorts, Vivada Corporations, IRCTC and many more.Keeping up with the current trends and challenges, this year StartupKnockDown+ was organised by TravHQ in association with TTF to highlight the emerging travel technologies across various cities in India. The session saw a battle between the budding travel startups of which Airlines Technology Pvt Ltd and Izifiso were declared as winners.Sanjiv Agarwal, Chairman & CEO, Fairfest Media Ltd (the organiser of TTF), commented, “This edition of TTF Kolkata has received an overwhelming response as the visitor numbers have doubled compared to last year. One of the major highlights was the session on StartupKnockDown+ that acted as a very important platform for the startup ecosystem to come together.”Fairfest Media, organiser of the TTF & OTM shows, has strengthened their unparalleled lead as India’s No. 1 travel trade show organiser, with about half the market share. It organises TTF branded shows every year in Kolkata, Hyderabad, Ahmedabad, Surat, Mumbai, Pune (July-September) followed by Chennai, Bengaluru and New Delhi (January-February), in addition to the grand finale OTM Mumbai in February.TTF Kolkata also had participation from Delhi, Haryana, Maharashtra, Manipur, Puducherry, Sikkim, Tamil Nadu, Telangana, Tripura and Uttar Pradesh.Among other countries Bhutan, Maldives, Singapore, Taiwan and UAE were also represented.To enhance and showcase their respective offerings, aside from attractive and elegant stalls, participating states and countries at TTF Kolkata presented daily cultural events and marketing presentations to trade visitors and the media.Nepal, Bangladesh, Telangana and Manipur Tourism organised travel trade road shows on the side-lines of TTF Kolkata to woo tourists from the Eastern region.Nepal Tourism Board conveyed the message that tourism is reviving and Nepal is back to business. “Since 2004, Nepal has been participating in all the editions of TTF. We are really glad that Fairfest has given us the opportunity to be the Partner Country at TTF Kolkata,” said Dali.During the road show, Bangladesh Tourism launched ‘Cholo Bangladesh’ campaign and invited the visitors to take part in the Festival in large numbers.Telangana Tourism made its debut this year at TTF Kolkata. Expressing her happiness on representing the youngest state of India, Dr Christina Chongthu said, “We are participating for the first time in TTF Kolkata and I would like to invite you all to the forthcoming edition of TTF Hyderabad.”Talking about the prospect of introducing TTF in Goa, Desai said, “We are trying to make TTF happen in Goa as it will be a good opportunity for Goans to showcase their tourism products. TTF Goa will add a feather to both TTF and Goa’s cap.”The newly introduced Tea@TTF had special networking sessions by top travel trade associations- IATO, OTOAI, ADTOI and SKAL during the three days of the event.TTF will now move to Hyderabad (July 15-17, 2016) which will be followed by TTF West Series covering Ahmedabad (September 2-4), Surat (September 9-11), Mumbai (September 16-18) and Pune (September 23-25), together comprising the biggest tourism market in India.TTF Kolkata was supported by Incredible India, Indian Association of Tour Operators (IATO), Outbound Tour Operators Association of India (OTOAI), Association of Domestic Tour Operators of India (ADTOI), Adventure Tour Operators Association of India (ATOAI) and IATA Agents Association of India (IAAI).Fairfest Media Limited, organiser of TTF & OTM, is a member of Pacific Asia Travel Association (PATA), Travel Agents Association of India (TAAI), Indian Exhibition Industry Association (IEIA) and International Association of Exhibitions and Events (IAEE).Travel News Digest is the official trade publication of TTF. Media partners included Outlook Traveller, India Outbound, India & You, Express Travel World, Wonderlust, Travel Trade Journal, Travel and Tour World, Travel Span, Mice Mirror and Exhibition Showcase.For more, please visit: www.ttfotm.comlast_img read more

Las Vegas Tourism annual report shows growth in visitor spending

first_imgVisitor spending is on the rise in multiple categories including food and beverage, local transportation, shows and entertainment, shopping and sightseeing, according to the Las Vegas Convention and Visitors Authority’s (LVCVA) 2016 Visitor Profile Study. Additionally, 27% of visitors were in Las Vegas for the first time, an 11% increase from 2015.“The Visitor Profile Study is a tremendous resource for determining the trends and visitor traits that are integral to formulating our future strategies for the LVCVA and our resort partners to market the destination,” said Kevin Bagger, Executive Director of the LVCVA Research Centre.He added, “This year’s study contains great insights into today’s visitor, including that visitor spending is on the rise and there is a change in the visitor demographic. We’re attracting more first-time visitors to the destination and those visitors are younger and more diverse than in years past. We also saw growth in the number of non-gaming visitors. However, the visitors who did participate in gaming budgeted to spend more on gaming than in previous years.”Visitor spending is up on average across all key areas. Average per trip spending on food & beverage increased from $292.42 in 2015 to $319.93 in 2016, an increase of 9.4%. Also showing significant increases over previous years was an average per trip spending on sightseeing at $35.93, up from $14.86 in 2015, and shopping at $156.91, up from $122.66 in 2015.Additionally in 2016, Las Vegas enjoyed record-breaking visitation for the third year in a row with 42.9 million visitors, and local tourism had an estimated local economic impact of $60 billion.last_img read more

Disneyland Paris features the Jungle Book Jive – a 360° celebration of

first_imgDisneyland Paris pays tribute to a part of the Indian culture, in a vibrant, yet authentic and colourful new musical show. This live show is an original Disneyland Paris creation performed in the heart of Disneyland Park. It revolves around four sequences, with the major highlight taking place on Central Plaza with a 360° show in front of Sleeping Beauty Castle.There are nearly 70 characters and performers in the cast, including drummers coming especially from the state of Rajasthan, India.10 Disney characters are part of the show: Mickey, Minnie, Donald, Daisy, Goofy, Chip and Dale, Clarice, Baloo and King Louie.Gigantic and colourful animals up to five metres high are used by artists as musical instruments.A team from Disneyland Paris spent several weeks in India, including the state of Rajasthan, to get inspiration and create the most immersive experience possible.Iconic songs from The Jungle Book were specially orchestrated by American composer Roger Butterley, including ‘The Bare Necessities’, ‘I Wanna Be Like You’ and ‘Trust in Me’. He also composed an exclusive song just for this show.It took two years to fully develop this new show, including a full month of rehearsals in-studio and in the park at night.last_img read more

Redwood Alters Executive Roles Adds New President

first_imgRedwood Alters Executive Roles, Adds New President January 16, 2012 446 Views in Data, Government, Origination, Secondary Market, Servicing, Technology A new president has been appointed at “”Redwood Trust””:www.redwoodtrust.com/, with the company’s announcement that Brett Nicholas would take on the executive role. [IMAGE]Replacing CEO Martin Hughes in the position, Nicholas was previously Redwood’s chief investment and chief operating officer. Redwood stated that Hughes will retain his title as CEO. Meanwhile, Hughes will be replaced as chief investment officer by Redwood’s current managing director, Fred Matera. [COLUMN_BREAK]Commenting on Matera’s promotion to the position, Hughes noted, “”Fred’s deep experience and insight into fixed income capital markets has been invaluable in growing our business, and developing successful risk-adjusted investment strategies for Redwood.””Adding his thoughts on Nicholas’ ascension to president of the company, Hughes continued, “”Brett has demonstrated strong leadership as Redwood’s chief operating officer since his appointment to the position in 2010, as well as over his nearly 16 years with the company. Brett and I have worked together closely for several years, including as co-chief operating officers, and I have the highest regard for his contributions to Redwood and for his role in the future success of the company.””Following the mortgage crisis, Redwood has become the only company in the U.S. issuing privately funded residential mortgage-backed securities, and market watchers are paying attention to pre-sale evaluation from “”Fitch Ratings””:www.fitchratings.com/ that indicate Redwood will soon initiate a fourth sale, rumored to be worth $415 million.center_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-01-16 Abby Gregory Sharelast_img read more

Mortgage Rates See First Increase in 2012

first_img Share January 26, 2012 416 Views in Data, Origination, Secondary Market, Servicing Adjustable-Rate Mortgage Agents & Brokers Bankrate Debt Crisis European Union Federal Reserve Fixed-Rate Mortgage Freddie Mac Housing Affordability Investment Investors Lenders & Servicers Mortgage Rates Processing Service Providers Treasury Yields 2012-01-26 Ryan Schuettecenter_img Mortgage Rates See First Increase in 2012 Interest rates for mortgage loans went up for the first time in several months this week but remain near historic lows.[IMAGE]Finance Web site “”Bankrate.com””:http://www.bankrate.com/ and mortgage giant “”Freddie Mac””:http://www.freddiemac.com/ reported modest increases for mortgage rates across the board.Freddie Mac found the 30-year fixed-rate mortgage rising from an all-time low of 3.88 percent last week to 3.98 percent this week, far below 4.80 percent seen for the loan at the same [COLUMN_BREAK]time last year. Bankrate.com posted a similar increase from 4.18 percent last week to 4.25 percent this week.The finance Web site said that the 15-year loan rose from 3.39 percent last week to 3.45 percent, while Freddie posted 3.24 percent for the product this week, up from 3.17 percent.Bankrate.com said in a statement that the increase for the 30-year loan signaled a two-month break from steady declines for mortgage rates seen over the last several months.Debt crises in eurozone nations helped drive investors to U.S. Treasury debt in recent months, widening Treasury yields and keeping mortgage rates at all-time lows.The Web site added that the “”Federal Reserve’s””:http://www.federalreserve.gov/ “”decision””:https://themreport.com/articles/fomc-to-maintain-low-interest-rates-until-2014-2012-01-25 Wednesday to keep interest rates between 0 percent and .25 percent “”is likely to unwind the modest increase of the past week.””For Freddie, 5-year adjustable-rate mortgages (ARMs) hovered around 2.85 percent this week, up from 2.82 percent last week, while rates for the 1-year ARM stayed the same at 2.74 percent.Bankrate.com found rates for 5-year and 1-year ARMs ticking up from 3.06 percent last week to 3.09 percent this week.last_img read more

Economy Adds 175K Jobs in May Unemployment Rate Up to 76

first_img Share June 7, 2013 405 Views in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Bureau of Labor Statistics Consumer spending Investors Jobs Labor Department Lenders & Servicers Mark Lieberman Payrolls Personal income Processing Service Providers Unemployment 2013-06-07 Mark Liebermancenter_img The economy added 175,000 jobs in May, and the unemployment rate ticked up to 7.6.percent, the first month-over-month increase since January, the “”Bureau of Labor Statistics””:http://www.bls.gov/ (BLS) reported Friday. [IMAGE]Economists had forecast payrolls would grow by 170,000, and that the unemployment rate would remain at 7.5 percent.Payroll growth for April, originally reported at 165,000, was revised down 149,000; for March, it was revised to 142,000 from 138,000.Average weekly hours remained at 34.5, while average hourly earnings rose by one cent.The increase in the unemployment rate came from an increase in the labor force as more people looked for work. As a result, the number of persons meeting the government definition of unemployed (out-of-work, available-for-work, and looking-for-work) went up. Unemployment, by that definition, increased by 101,000 to 11,760,000, the highest level since February. But the number of re-entrants to the labor force ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô individuals who had been unemployed but not looking for work ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô increased 182,000. The employment-population ratio, which measures the percentage of the over-16 population employed, remained at 58.6, far below its peak of 64.7 percent in April 2000. When the recession began in December 2007, the employment-population was 62.7 percent.The payroll report reflected the impact of the federal budget sequestration. Government jobs fell a net 3,000 in May for the third month in a row and the seventh time in the last eight months. Within that category, there were 14,000 fewer federal jobs, dropping the number of federal jobs to 2,748,000–the lowest level since February 2008. State payrolls contracted by 2,000 but local governments added 13,000 jobs.The report for May also showed some expected slippage in payroll jobs by industry sector. Manufacturing jobs, for example, dipped 8,000, the third straight monthly decline. While sequester cuts affect manufacturing, particularly in defense spending, the dip in manufacturing payrolls tracked recent reports on personal spending. According to the most recent reports from Bureau of Economic Analysis, personal consumption spending on “”goods”” fell in April for the second straight month. Spending on “”services”” edged up in April after dropping in March.The employment report though hinted at improving retail sales as the number of retail jobs increased 27,700, but the originally reported gain of 29,000 retail jobs for April was revised down to 19,900. [COLUMN_BREAK] Retail sales though could be constrained by continuing weak income growth. While average weekly earnings rose in May, the year-over-year increase in aggregate earnings–factoring in the number of payroll jobs–was 3.9 percent in May. The figure is far below the 4.8 percent average annual growth the year before the recession began.By industry sector, 40.4 percent of the new jobs came in the retail and leisure and hospitality sector–the two lowest paying sectors. Professional and business services added 57,000 jobs, including 25,600 temporary jobs, indicating a continuing reluctance by employers to commit to permanent staff additions. The education and health services sector–a steady source of growth –added 26,000 jobs, down from its three-month average of almost 39,000 new jobs per month.The construction sector added 7,000 jobs compared with its average of almost 21,000 new jobs per month for the last three months. The new construction jobs in May reflected increases among “”specialty trade contractors”” who added 5,800 jobs. There were about 900 new residential construction jobs but 2,600 fewer non-residential construction jobs. Heavy and civil engineering construction jobs increased by 3,100.The financial sector added a net 4,000 jobs but credit intermediation jobs–underwriters–declined by 3,100.Within the unemployment statistics, the report showed the number of job “”losers”” dropped 263,000 in May to 6,147,000, the lowest level since October 2008, suggesting businesses have stopped large scale layoffs, as the trend in initial unemployment claims indicates. The number of “”new entrants”” to the unemployment rolls fell 12,000 in May, a college graduation month suggesting recent graduates were able to find work or have opted to continue their education.The number of persons unemployed for 27 weeks or mor–long-term unemployed–increased 4,000 to 4,457,000, the first month-over-month increase since February. The increase in May followed the April increase in the number of individuals unemployed for 15 to 26 weeks.The labor force–the sum of employment and unemployment–rose 420,000 as employment increased 319,000, while unemployment rose 111,000. The number of persons not in the labor force fell 231,000.The labor force participation rate rose 63.4 percent, still low by historical standards. It had been 66 percent before the recession began in December 2007. The current rate is the lowest since December 1978, in part reflecting an increase in school enrollment, which could affect the “”available-for-work”” test.The number of self-employed individuals dropped 33,000 for the month, while the number of multiple jobholders fell 75,000. The number of multiple jobholders has fallen for three months in a row, which means the new payroll jobs went to individuals previously out of work. The increase in the unemployment rate, which had fallen for three straight months, has added significance with the Federal Reserve having said the target federal funds rate would remain at its historic low, 0 to 0.25 percent, at least until the unemployment rate fell below 6.5 percent. The Fed also set an inflation target for keeping rates low and continuing its program of purchasing mortgage securities and investing in U.S. Treasury securities. Inflation has remained tame since the Fed announced its plans for reversing course on monetary policy._Hear Mark Lieberman every Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:20 a.m. Eastern._ Economy Adds 175K Jobs in May, Unemployment Rate Up to 7.6%last_img read more

National Home Values Post Second Consecutive Monthly Decline

first_img November 27, 2013 385 Views Agents & Brokers Attorneys & Title Companies Home Values Housing Supply Investors Lenders & Servicers Mortgage Rates Service Providers Zillow 2013-11-27 Krista Franks Brock in Data For the first time in two years, national home values registered a decline for two straight months, according to the “”Zillow Real Estate Market Reports””:http://www.zillow.com/blog/research/2013/11/25/real-estate-market-report-october-2013/ released Tuesday. Furthermore, while annual price gains continue, they are cooling, according to “”Zillow.””:http://www.zillow.com/ [IMAGE]Home values declined a slight 0.1 percent over the month of October but rose 5.2 percent over the year, according to Zillow. “”The months-long period of annual home value appreciation rates in the 6 and 7 percent range was great while it lasted, but we knew it would not continue indefinitely,”” said Zillow’s chief economist, Stan Humphries. In fact, Humphries went on to say the fading momentum is “”largely welcome news for a market still struggling to find its natural balance.”” Over the next 12 months, Zillow expects values to rise 2.7 percent. [COLUMN_BREAK]Rising mortgage rates and growing inventories “”will lead to further normalization in the market going forward,”” Humphries said. Over the month of October, half of the 388 markets Zillow observes registered price declines, including seven of the 30 largest metros. The greatest declines took place in St. Louis (-1.5 percent), Philadelphia (-0.9 percent), and New York (-0.7 percent). The steepest increases took place in Las Vegas (1.5 percent), Los Angeles (1.2 percent), and Miami (1.2 percent). All 30 metros continued to post gains over the year in October. Of the 30 largest metros, the highest value increases over the year took place in Las Vegas (33.2 percent), Riverside, California (30.4 percent), and Sacramento, California (30.4 percent). Like home values, rents also continued yearly gains; but unlike home prices, they posted a monthly gain in October. Rents are up 2.3 percent over the year and 0.2 percent over the month. Foreclosures decreased slightly in October while foreclosure re-sales increased, according to Zillow. Instances of foreclosures fell from 5.5 in every 10,000 homes to 5.44 in every 10,000. Foreclosure re-sales increased 0.5 percentage points to 8.7 percent of home sales in October, according to Zillow.center_img Share National Home Values Post Second Consecutive Monthly Declinelast_img read more

Overvalued Markets on the Rise National Prices Still Under

first_imgOvervalued Markets on the Rise; National Prices Still Under Share With year-over-year price increases continuing on a double-digit course despite recent slowdowns, the ever-present question has once again come to the fore for market commentators and analysts: Has the housing market reached bubble status once again?The answer—at least, according to Trulia chief economist Jed Kolko—is both yes and no.In the company’s latest quarterly Bubble Watch report, Kolko estimates national home prices are still around 5 percent undervalued when examining long-term fundamentals like historical prices, incomes, and rents. While ongoing improvements in prices have brought the market close to a tipping point, he notes that it’s far cry from the 39 percent overvaluation in the first quarter of 2006.“Even though recent double-digit price gains look unsustainable, current national price levels are not cause for alarm,” Kolko said in a blog post. “Sharp price gains, like we’ve had in 2012 and 2013, are not the sign of a bubble unless price levels look high relative to fundamentals.”Furthermore, “the slowdown in price gains make[s] it less likely that we’re heading for another bubble,” he added.While the national market is still undervalued, conditions vary widely at the local level. According to Trulia, out of the 100 largest metro markets, home prices are overvalued in 19, including eight of the 11 largest California metros. The greatest danger is along the state’s southern coast, in markets like Orange County, Los Angeles, and Riverside-San Bernardino—which make up three of the five most overvalued markets in the country. (The two remaining slots go to Honolulu and Austin.)While the number of overvalued housing markets is on the rise, Kolko again says historical perspective is needed: “In 2014 Q1, prices were overvalued in 19 of the 100 largest metros, which is the highest number since 2009 Q4; furthermore, prices were overvalued by more than 10 percent in 4 large metros, which is the highest number since 2008 Q4.However, at the height of the bubble, all 100 were overvalued, and 91 were overvalued by more than 10 percent.” Home Prices Housing Bubble Trulia 2014-03-31 Tory Barringercenter_img March 31, 2014 543 Views in Daily Dose, Data, Featured, Headlines, Newslast_img read more

Consumer Confidence Turns Down in November

first_img November 25, 2014 584 Views in Daily Dose, Data, Headlines, News Consumer Confidence Turns Down in November Conference Board Consumer Confidence Consumer spending GDP 2014-11-25 Tory Barringercenter_img Consumer confidence retreated this month, falling from a seven-year high on a gloomier outlook for what the future will bring.The Conference Board’s index of consumer confidence declined to 88.7 in the group’s November reading, according to a report. The drop follows a bump of more than five points in October to a post-recession high of 94.5 (revised to 94.1 in the latest measure).”Consumer confidence retreated in November, primarily due to reduced optimism in the short-term outlook,” said Lynn Franco, director of economic indicators at the Conference Board.The index’s component gauging consumer expectations fell nearly seven points this month, decreasing to 87 after a spike in October.According to the Conference Board, consumers in the latest survey were less optimistic about the labor market outlook, reflected in a decline in the share of respondents expecting more jobs in the next six months and an increase of more than 2 percentage points in the share expecting fewer jobs.Americans were also slightly more pessimistic about income growth, with fewer expecting higher wages in the coming months.Meanwhile, the index’s present situation component saw a more moderate decline, falling three points to 91.3.News of the decline in the headline index came on the same day of the Commerce Department’s most recent estimate on economic growth. According to the government’s figures, gross domestic product grew through the third quarter at an annual rate of 3.9 percent, helped partly by an increase in consumer spending.Based on that, analysts for Wells Fargo’s Economics Group say the drop in confidence is nothing to worry about.”[T]his morning’s revision to third quarter GDP indicated a stronger pace of real consumer spending and October’s retail sales report indicated that spending was off to a good start in the fourth quarter,” Wells Fargo economists Mark Vitner and Michael Brown said in a note. “That is hardly the data you would expect if consumers were growing more concerned.” Sharelast_img read more

A Credit Situation Gender Affects Ability to Obtain a Mortgage Loan

first_img in Daily Dose, Data, Headlines, News, Origination A Credit Situation: Gender Affects Ability to Obtain a Mortgage Loan Credit Score CreditSesame.com Lenders Mortgage Loan 2016-02-12 Staff Writer Sharecenter_img February 12, 2016 575 Views Although credit standards are easing among lenders, they still take into account how high or low a borrower’s credit score is to determine if they will get approved for a mortgage loan, but there is also a demographic factor that could stand in the way of homeownership.A borrower’s credit score could be adversely affected by gender, according to a study from CreditSesame.com. Typically, men have an average credit score of 630 out of 850, while women have an average score of 621. But here’s where it gets interesting: Men have higher credit scores than women even though they have higher debt and credit card balances. These factors could be mean that men are able to get a mortgage loan easier than women.The report explains that men tend to have higher wages compared to women. In the study, 23 percent of men reported earning $75,000 or more annually, while only 18 percent of women said that they earn this amount.”While income does not play a direct role in credit scoring formulas, it enables consumers to mange their credit well—which, in turn, leads to higher credit scores,” the report stated.A recent survey from the Federal Reserve showed that credit standards are easing among lenders, some are questioning if the easing gone too far?Although lenders are being selective of whom they lend to in terms of credit score, overall, mortgage lending standards have eased every quarter over the last two years.According to the Fed survey, credit standards have eased moderately on some categories of residential mortgage loans, while demand for these loans weakened. During the fourth quarter of 2015, 11 of the 63 banks surveyed noted that credit standards on GSE-eligible loans had eased somewhat, while two banks said lending was tight somewhat. Government residential mortgages eased somewhat for four of the 59 banks questioned and tightened for four banks.Matthew Pointon, Property Economist at Capital Economics questioned whether or not the eased credit standards could be the early signs of another financial crisis. He ultimately determined that “fears that we are embarking on a repeat of the dangerous cut in standards that contributed to the financial crisis look premature.””Given how tight mortgage lending standards were at the height of the financial crisis it is no surprise–and a welcome development–that banks have been gradually easing standards for the past two years,” Pointon noted. “We expect that will continue, helping mortgage lending to grow at a steady pace over the next couple of years. But there are few signs that lending criteria are returning to the ultra-loose conditions which contributed to the mid-2000s boom. Bankers’ memories may be short, but they are not that short.”Click here to view the full CreditSesame.com report.last_img read more

Outsourcing May Be Best for Lender Document Trailing

first_img February 8, 2017 627 Views in Featured, Origination, Technology Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to help them manage their trailing document process after a loan is originated.“Evaluating your own trailing documents process regularly is a best practice that will help your company avoid negative attention from regulators and help you maximize the return from limited resources,” said Chelsea Seguin, National Title Closing’s AVP of File Services and co-author of the white paper.Nationwide is re-releasing the white paper, which was originally released in 2014, saying it has been its most viewed white paper.The paper, titled “Scoring Your Trailing Document”, offers a 12-step scoring method; tips on document tracking, document research, and quality control; and covers the topic of outsourcing document trailing.“There are many potential savings and efficiencies to be realized if lenders take the time to look for them,” Seguin said. “This is true whether they handle these processes internally or outsource them to a qualified vendor partner.”Outsourcing, according to Seguin, can be a favorable solution.“Outsourcing is often the most cost-effective option when looking at the loan from a cradle-to-grave perspective,” according to Nationwide Title Clearing.Vendors offering document trailing management should “afford the lender with all the benefits of a technologically advanced system and process without forcing the lender to build, manage and maintain one of their own,” Nationwide said.Another benefit of outsources is that they may also offer services to address needs later in the life of the loan, including lien releases and assignments. mortgage Nationwide Title Clearing technology Title 2017-02-08 Krista Franks Brockcenter_img Share Outsourcing May Be Best for Lender Document Trailinglast_img read more

Fannie Mae April Report Shows Continued Increase From 2016 Figures

first_img June 1, 2017 537 Views Fannie Mae April Report Shows Continued Increase From 2016 Figures Fannie Mae’s April 2017 monthly summary showed a compound annual growth rate of 1.3 percent for the month, a decrease from the 3.2 percent annualized growth rate shown in March.The monthly growth rate also reflected a small slowdown for the year to date, which now stands at 1.9 percent over the first four months of 2016. Fannie Mae’s total book of business showed a compound annual growth rate of 1.4 percent for all of 2016, with the best month being September, which reflected a 4.0 percent increase over the same month the previous year.Fannie Mae’s gross mortgage portfolio increased temporarily in April, at a compound annualized rate of 52.5 percent, and is expected to decrease significantly in May, according to Fannie Mae executives. They gave no reason for the temporary blip in the numbers. For the first four months of the year, Fannie Mae’s gross mortgage portfolio is 6.9 percent ahead of where it was for the first four months of last year.Fannie Mae also reported that the conventional single-family serious delinquency rate decreased five basis points to 1.07 percent in April, marking its lowest level so far this year. In January and again in February, the rate stood at 1.17 percent before decreasing to 1.12 percent in March. By contrast, in 2016, the conventional single-family delinquency rate ran from a high of 1.36 percent in Aprl to a low of 1.16 percent in December.According to the Fannie Mae report, the multifamily serious delinquency rate decreased one basis point to 0.04 percent in April. The rate had been 0.05 percent each of the other months of the year, the same rate it had been at for much of 2016. The highest rate it stood at in 2016 was 0.08 percent in July of that year. The rate was at 0.05 percent in April and May and again in December of 2016.Fannie Mae added that it had completed 6,740 loan modifications in April. in Daily Dose, Data, Featured, News, Secondary Marketcenter_img Book of Business Fannie Mae’s Monthly Summary Gross Mortgage Portfolio 2017-06-01 Staff Writer Sharelast_img read more

Decofrutedited by wwwfreshfruitportalcom Freshf

first_imgDecofrut/edited by www.freshfruitportal.comFreshfruitportal.com is not responsible for the information provided by State of the Market. The contents only reflect analysis carried out by Decofrut. March 15 , 2019 You might also be interested incenter_img Northern Hemisphere market report for Week 10 (ending March 8)last_img

Citing Malaysias Langkawi Regent Abdullah Azwar

first_imgCiting Malaysia’s Langkawi, Regent Abdullah Azwar Anas of Indonesia’s Banyuwangi regional administration in East Java, told a meeting of the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta on Monday that booming tourism in the region can stay in line with Islamic values (to respect the majority Muslim population in the region) while catering to tourists.Like Langkawi, the Regent believes that Bunyuwangi can work with an eco-tourism concept, encouraging visitors to explore the region’s natural beauty, food and festivals while eschewing bars and discos, like those of Bali, that his administration has banned.“We see a good example on Langkawi, Malaysia. The island attracts a lot of tourists without offering indecent stuff,” he said.Also prohibited are hotels with a rating of under 3 Stars. Anwar said such ‘cheap hotels’ encourage ‘sex transactions’ and suggests, instead, that tourists on a budget book into home stay facilities on the island.last_img read more

The annual itsinthebag campaign presented by Sha

first_imgThe annual #itsinthebag campaign, presented by Share the Dignity, collects bags and items specifically for women at Christmas time. People are asked to donate a handbag they no longer use, fill it with items that would make a woman feel special and even pop a thoughtful note into the bag to show her that someone cares and that she matters.This year, helloworld Traralgon got right behind the charitable campaign, with Tina Hunt, owner and business manager at Traralgon turning her helloworld store into a collection point for bags to be dropped off.“We ended up with 39 full bags, another 8 empty bags and also 2 shopping bags full of goodies to put in the bags!” said Tina.“What I like the most about this charity is that even though it is a national charity, all items collected stay locally, wherever they are collected from. So the bags and goodies we collect are distributed within our own community.” she added.The “It’s in the Bag” Christmas campaign idea was borne out of an observation that as a society we seem to excel at looking after the needs of children at Christmas time, ensuring they’re cared for and made to feel special, but the same can’t always be said for those women who put the needs of others before their own.Congrats to all who donated and also to the team at helloworld Traralgon for getting behind this great initiative!MAIN IMAGE: Tina Hunt at helloworld Traralgon – and the haul of goodies to be donated helloworldlast_img read more

PO Cruises Australia has issued the following sta

first_imgP&O Cruises Australia has issued the following statement in relation to the incident involving a female passenger who went overboard during a south pacific cruise aboard Pacific Dawn on Friday 13 April, 2018. Pacific Dawn returned to Brisbane this morning [Monday 16 April 2018] and, prior to arrival at the Portside Cruise Terminal, the Captain thanked disembarking guests for their sensitivity and support for the family who suffered such a devastating loss during the cruise.The family has been supported on board by senior crew members since the incident and Care-trained staff met the ship on arrival this morning. We have done everything possible to respect and protect the privacy of the family. Counselling by a professional Counsellor who was also on hand today has been offered to guests and crew wanting access to this support.P&O Cruises is assisting Queensland Police in their inquiries into the incident as the lead authority acting on behalf of the State Coroner. As anticipated, police went on board Pacific Dawn on arrival this morning to begin their inquiries. Allowing the police to determine what happened in this tragic incident is the appropriate course. We remain concerned that much of the speculation and versions of events given in recent days are not supported by the facts.The police inquiries on behalf of the Coroner will help put the speculation to rest. With Pacific Dawn’s arrival, we will be able to give police CCTV footage providing an unobstructed view of what happened and portraying an obviously devoted and loving couple. We extend our deepest condolences to the family and hope that they will find comfort in their grief. P&O CruisesPacific Dawnlast_img read more

Aligned with the release of its 2020 Europe River

first_imgAligned with the release of its 2020 Europe River Cruising brochure, Scenic has launched its ‘Included Flights for All to Europe’ campaign for 2020 European River Cruises. The offer includes flights to Europe ALL year, in ALL suites, on ALL rivers ALL cruises (of 11 days or longer), in ALL-inclusive luxury.“The launch of our “ALL“ campaign in 2018 was very well received by our valued guests,” said Group General Manager, Sales and Marketing, Scenic Group, Anthony Laver.“In a market where the benefit of booking early has been eroded by constant discounting, Scenic’s clear all-inclusive 2020 campaign message is providing true customer benefits and unprecedented certainty. We have listened to our customers and they want genuine offers that have the least restrictions possible – so that they can plan and book their trip of a lifetime, with the peace of mind knowing that it will be the best deal throughout the year.” Scenic has also added new 2020 Freechoice options and exclusive Scenic Enrich experiences, across select cruises including:– A Scenic Enrich choir performance in the magnificent Temple Crypt of the St Sava Cathedral in Belgrade on the Danube Delta Discovery and the Black Sea Explorer itineraries– Scenic Freechoice tour of the Palais Garnier in the heart of Paris – one of the most visited monuments in Paris – on the new Spectacular South of France program– Scenic Freechoice tour of Château Malmaison in Conflans – the former residence of Napoleon Bonaparte and Josephine– Scenic Freechoice tour to meet the locals in Miltenberg, Germany. Guests can choose between chose between visiting various local producers – a local winery, a beer-producing monastery, local schnapps distillery, or a family run farm for a tasting of their fresh produce – or meeting royalty with a tour of a real castle. EuropeflightsRiver CruisesScenicspecialslast_img read more

Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo “As long as everybody does their job, we should be okay,” Williams added. Derrick Hall satisfied with D-backs’ buying and selling Top Stories This season, Jones-Drew is averaging just 3.0 yards per carry, well below his career average of 4.5. Still, linebacker Daryl Washington praised Jones-Drew’s ability, and agreed with his teammate they’ll need to stop the run to win.“We know what type of running back he’s been and he still is,” Washington said. “Get guys to the ball, stop the run, make them one-dimensional, and the game is ours.”Jones-Drew, who’s listed at five-foot-seven and 210 pounds, is known for his ability to break tackles. Arizona head coach Bruce Arians said his defense has to be prepared to bring the running back down.“I know this, that Maurice Jones-Drew has embarrassed a lot of teams over the years and a lot of players,” Arians explained. “You don’t want to get on that highlight film when he trucks you and runs over you, so you better bring your big-boy pants when you play against Jacksonville.”With the Cardinals ranked third in the league at 86.9 rushing yards allowed per game, it appears the team is at an advantage. According to Williams, the only issue could be a lack of discipline, which he said Jones-Drew would be quick to take advantage of. The Arizona Cardinals’ run defense has been a force in recent weeks, but the team has a tough challenge Sunday when they face the Jacksonville Jaguars and running back Maurice Jones-Drew.Though Jones-Drew’s stats are down this year, likely at least in part due to the overall struggles of those around him, the Cardinals recognize he’s the key to stopping their offense.“Maurice Jones-Drew has been doing a good job for them,” said defensive tackle Dan Williams. “They’re a pretty good offense once they get the running game going.” Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more