Glebe Island tenders taken

first_imgSource = e-Travel Blackboard: P.T Tenders received for the construction of the temporary Glebe Island Expo venue are now being assessed by Infrastructure NSW. Five companies have submitted tenders to design, build, operate and eventually remove Glebe Island Expo.“The five bidding teams include leading national and international architects and events, construction and logistics companies,” Infrastructure NSW Project Director Tim Parker said.The NSW Government and private sector plan to re-design and rebuild the Sydney Convention and Exhibition Centre between 2013 and 2016.Glebe Island Expo is expected to be erected as a marquee-style structure, hosting exhibitions and trade shows, while Australia’s largest and first fully-integrated MICE and entertainment facility at Darling Harbour is being built. Glebe Island will see improvements, such as a ferry service, once the interim Expo facility has been constructed, according to NSW Planning Minister Brad Hazzard.“Creating a high-quality interim venue at Glebe Island will ensure Sydney remains number one for the all-important events industry, which generates more than $100 million in economic benefit for the NSW economy every year,” Mr Parker said.Although specific plans will be developed by the successful applicant, Glebe Island Expo is expected to offer exhibition space of up to 25,000 sqm and event-related food and beverage facilities.last_img read more

"Glebe Island tenders taken"

Six Senses Samui reopens on July 1

first_imgSource = Six Senses Samui Six Senses Samui reopens on July 1After an extensive upgrade and revitalization of guest accommodations and public areas, Six Senses Samui will reopen with refreshed interiors on July 1, 2015. The addition of floor to ceiling glass walls in the bathrooms make the well-appointed accommodations feel brighter, airy and more spacious, ensconcing the guest in an open-view cube secluded by lush landscaping and trees. Updated furnishings and a new layout create additional space, allowing guests to enjoy their in-villa experience to the fullest. Bathrooms are fully enclosed and air conditioned for added comfort while the popular open showers have been retained. The entire villa interior and furnishings have been refinished with lighter tones conveying a more modern feel.All villa pools have been resurfaced with turquoise stone tiles, while an additional seven pools have been added to make a grand total 59 villas with private pools plus the main infinity pool. The resort still offers the choice of seven Hideaway Villas that feature spacious entertaining and lounging decks rather than a private swimming pool.Completed in time to welcome guests to Samui’s high season, the all-day venue Dining on the Hill and the adjacent spectacular infinity pool have also undergone an upgrade, complete with new landscaping, new decking and refreshed furniture. There is an extensive new display buffet counter, plus a hot show kitchen. The resort’s much-awarded signature restaurant Dining on the Rocks will also introduce an exciting new lounge deck.The Library now has an expanded range of reading material with floor-to-ceiling bookcases, games tables and suspended relaxation nets to enhance the relaxed ambiance. The lobby has also undergone an uplifting refreshment.General Manager Gary Henden said, “I am delighted to see the exciting evolution of Six Senses Samui.The revitalized product and enhanced services lift our resort to new heights on the island and entire region. Our talented designers have succeeded in delivering a lighter, brighter and more spacious feel with improved functionality to give our guests an enhanced stay. ”Six Senses Samui opened in 2004 and has increased its popularity among Thai and international travelers over the last 11 years. Having hosted top charity events, gala dinners and memorable celebrations, together with Six Senses Spa, the resort has been awarded numerous local and international awards. Stay at Six Senses Samuilast_img read more

"Six Senses Samui reopens on July 1"

Bryan Banston meets with THAI executives Australia and New Zealand

first_imgSource = THAI Airways International THAI Airways Internationalbook your TG flights here Pictured, Mr Thanawat Hiranyalekha – General Manager QLD & NT, Ms Patsamon Singha-Udom – General Manager WA, Mr Bryan Banston – Vice President Sales Department, Mr Prin Yooprasert – Director Australia, New Zealand and Pacific, Mr Karun Sirarojana – General Manager New Zealand, Fiji and Tahiti, Mr Arnuphap Kittikul – General Manager Southern AustraliaBryan Banston, meets with THAI executives Australia and New ZealandRecently appointed Vice President Sales for THAI Airways International, Mr Bryan Banston has wasted no time in visiting THAI executives in Australia and New Zealand, a key market for THAI Airways International.Director Australia, New Zealand and Pacific, Mr Prin Yooprasert said “he was delighted to welcome Bryan to Sydney where he met the team of executives for Australia and New Zealand during which time they were able to discuss future plans including sales and marketing strategies, pricing and general commercial matters” Mr Yooprasert went on to say that Mr Banston’s past airline executive experience with QF and EK would assist THAI with it’s further growth within this key market and welcomed his input and support.”THAI has firmly established itself over the past forty five years in Australia offering a service that is envied by many carriers across the globe. With strong passenger demand for flights not only to Thailand and other Asian countries, European travel destinations are also well served by the airline.THAI, recently celebrated their 45 years of flying to Australia with it’s first flight Friday, 1st April, 1971 when a Thai Airways International DC8 landed in Sydney, Australia to commence the airline’s first intercontinental service from Thailand.  45 years on THAI is now flying at least daily from four Australian cities and thirty nine times each week from Australia, non-stop to Thailand.last_img read more

"Bryan Banston meets with THAI executives Australia and New Zealand"

Trinidad to hosts world premiere of Kabir Bedis movie Bazodee

first_imgBollywood superstar Kabir Bedi was in Trinidad for the world-premiere of Bazodee the Movie. Bedi stars alongside Trinidadian soca artiste Machel Montano in the feature film Bazodee, which premiered recently in Trinidad. In addition to his busy schedule of public appearances in promotion of the new movie, Bedi graciously accepted the Tourism Development Company’s (TDC) invitation to tour some places of interest in Trinidad.Bazodee is one of the films being featured at the Trinidad and Tobago Film Festival (ttff) 2015. The ttff partnered with Monk Pictures, Indiepelago Films and FilmTT to bring Bazodee and members of its stellar cast to a T&T audience, for the premiere of the film at the historic Globe Cinema in Port of Spain. The screening was followed by an after-party at Aria Lounge on Ariapita Avenue, Woodbrook and included a short set by Machel Montano.Bazodee is a musical drama about a rugged soca singer who falls for a beautiful young Indian woman. The movie also features acting talents of a number of other T&T actors.last_img read more

"Trinidad to hosts world premiere of Kabir Bedis movie Bazodee"

Yas Island conducts road shows in New Delhi and Mumbai

first_imgYas Island is UAE’s ultimate leisure and entertainment destination offering a wide range of experiences for the young and the young at heart, with its state of the art faucets. With five iconic architectural structures: Yas Waterworld, the largest water park in UAE with towering Jebel Dana and the Lost Pearl, the expansive rooftop of Ferrari World, home to the largest Ferrari logo in the world at the world’s first Ferrari branded theme park, the Yas Marina FORMULA 1 ETIHAD AIRWAYS GRAND PRIX race track, the LED diamond-panelling of Yas Viceroy Hotel and UAE’s 2nd largest retail experience Yas Mall. Yas Island is the perfect place for the ultimate vacation experience, all year long!Destination Yas Island sent out a team including Farah Leisure Parks Management (Operators of Ferrari World Abu Dhabi & Yas Water World) and all of its hotels to meet with key individuals of the Indian travel industry and media fraternity in Delhi and Mumbai; to discuss strategic methods to push the destination in the Indian market. Joining them was the Abu Dhabi Tourism and Cultural Authority, who has always been supportive of such initiatives.India is one of the fastest growing travel markets in the world. Close proximity to UAE puts India ahead of other source markets for Yas Island. Indians are willing to explore the world for unique travel experiences. Yas Island, a magnificent example of human endeavour and creativity in Abu Dhabi is a hotspot where the Indian traveller is flocking to.The partners for the roadshow were – Yas Island, Farah Leisure Parks Management; Abu Dhabi Tourism and Cultural Authority; Yas Viceroy Abu Dhabi; Crowne Plaza Abu Dhabi Yas Island; Yas Island Rotana & Radisson Blu & Park Inn Hotel Abu Dhabi Yas Island.Attending the roadshows were Bruno P. Wiley, VP Sales – Farah Leisure Parks Management; Cynthia Goh, Product & International Marketing Co-ordinator, Yas Island; Bejan Dinshaw – Abu Dhabi Tourism and Cultural Authority; Melbin Francis – Yas Viceroy Abu Dhabi; Pradeep Bhandari – Crowne Plaza Abu Dhabi Yas Island; Mamta Pall – Yas Island Rotana; Afsar Khan – Radisson Blu and Park Inn Hotel Abu Dhabi Yas Island.Wiley rated India as the top source market for Ferrari World Abu Dhabi and Yas Waterworld. He further said, “We have marked a rise in Indian footfalls since the inaugural and receive about 30 percent of our business from this market for Ferrari World. We are looking at further increasing our International presence and have been getting FIT, families, MICE and leisure groups. Going forward, we intend to keep developing and offering innovative attractions to visitors in phases.”Farah Leisure chose this occasion to announce the upcoming thrilling ride at Ferrari World Abu Dhabi – ‘Flying Aces’ featuring the world’s tallest loop on a roller coaster ride. Set for a grand launch in the latter part of January, Flying Aces is sure to woo travellers and break records.last_img read more

"Yas Island conducts road shows in New Delhi and Mumbai"

Georgia Visa Application Centres to commence operations across five cities in India

first_imgThe Ministry of Foreign Affairs of Georgia has awarded a contract to VFS Global, for the setup and operation of Georgia Visa Application Centres in five cities in India. The centres are set to commence services in New Delhi, Bengaluru, Chennai, Kolkata and Mumbai soon.The new centre in New Delhi was inaugurated recently by Giorgi Tabatadze, Director of the Consular Department, Ministry of Foreign Affairs of Georgia, and H.E. Archil Dzuliashvili, Ambassador of Georgia to India. Services for applicants at this centre are expected to begin by the end of June 2017.Georgia is VFS Global’s 55th client government worldwide, and the 38th to be served in India. At the launch, H.E. Dzuliashvili said, “We have successfully accomplished negotiation process with VFS Global and finally signed a contract which allows us to facilitate and offer more accessible services to the Indian travellers through the several VFS Visa Application Centres in India. Georgia is emerging as a popular destination among travellers in India for purposes of tourism, education, business, etc. I believe that with our common commitment and efforts we will witness further achievements in the years to come. We are looking forward to close partnership with VFS Global.”Commenting on the launch, Vinay Malhotra, CEO- Middle East and South Asia, VFS Global, stated, “We are honoured to enter into this partnership with the Government of Georgia to begin offering visa application services in India. VFS Global’s nationwide network of visa application centres will make Georgia visa services more easily accessible for citizens, and will go a long way in significantly increasing travel to Georgia and enhancing its perception as a popular tourist destination.”last_img read more

"Georgia Visa Application Centres to commence operations across five cities in India"

Belmond unveils its ambitious plan for 2018

first_imgFollowing a series of award-winning design and renovation projects last year, Belmond revealed the details of seven highly distinctive developments across its portfolio of hotels, trains and cruises in 2018.Beginning last month with the launch of three new Art-Deco Grand Suites onboard historic Venice-Simplon-Orient-Express, Belmond’s diverse range of designs honour timeless craftsmanship, celebrate heritage and tradition and look to the future working with innovative designers and local materials.Lined up for the year is Belmond Savute Elephant Lodge in Botswana; Belmond Casa de Sierra Nevada in Mexico, a historic renovation of Belmond Cadogan Hotel in London and a luxury beach resort Belmond Cap Juluca in Anguilla.“When you walk into a Belmond property you can feel the ‘soul’ of the place, and it’s our job to keep the soul and spirit alive with the design concepts. We are working with talented designers to carefully merge the genuine elements of the local culture with a modern-day relevance that resonates with our guest’s lifestyle and aspirations,” highlighted Joe Ferry, Art & Design Director at Belmond.last_img read more

"Belmond unveils its ambitious plan for 2018"

Homeownership Rate Plummets to 15Year Low

first_img Agents & Brokers Attorneys & Title Companies Capital Economics Census Bureau HUD Investors Lenders & Servicers Service Providers 2012-04-30 Mark Lieberman April 30, 2012 434 Views Share in Data, Government, Origination, Secondary Marketcenter_img *_Correction: Homeownership rates fell to 65.4 percent._*Homeownership rates dropped to 65.4 percent in the first quarter, reaching lows not seen in fifteen years, the Census Bureau said Monday.[IMAGE]According to government data, the homeowner vacancy rate also fell to 2.2 percent nationwide, down from 2.6 percent in the first quarter of 2011 and the rental vacancy rate dropped to 8.8 percent from 9.7 percent one year earlier.The homeowner vacancy rate reached its lowest level since first quarter 2006.The median asking sale price for a vacant home fell to $133,700 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the lowest level since second quarter 2005 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô from $133,800 in the fourth quarter and $143,700 one year earlier. The median asking rent in the first quarter rose to $721 from $712 in the fourth quarter and $683 in the first quarter of 2011.The homeowner vacancy rates in principal cities (2.5 percent) and outside MSA’s (2.6 percent) were higher than in the suburbs (1.9 percent), the Census Bureau said in its quarterly report.The homeowner vacancy rates in principal cities and suburbs fell lower than a year ago, while the rate outside MSA’s achieved levels not statistically different from the first quarter in 2011, according to the report.Within census regions, the rental vacancy rate was highest in the South (10.8 percent) and lowest in the West (6.3 percent). The rental[COLUMN_BREAK]vacancy rate in the Northeast was higher than in the first quarter 2011, while the rates in the Midwest, South, and West were lower than a year ago. For the first quarter 2012, the homeowner vacancy rate was higher in the South than the Northeast, but not statistically different from the rates in the Midwest and West. The homeowner vacancy rates in the Midwest, South, and West were lower than a year ago, while the rate in the Northeast was not statistically different from the first quarter 2011 rates.The number of housing units increased 486,000 in the past year. The number of occupied units went up by 1,011,000 while the number of vacant units fell 524,000. The number of homes held off the market increased 203,000 to 7,633,000 in the last year; the number of vacant year-round homes fell 388,000 to 13,994,000 and the number of vacant year-round homes for sale dropped to 1,653,000 from 2,006,000.The homeownership rate fell in all four census regions in the first quarter ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the steepest drop in the Northeast, 1.2 percentage points to 62.5 percent. The homeownership rate fell 0.8 percentage points in the South to 67.5 percent; 0.5 percentage points in the Midwest to 69.5 percent and 0.2 percentage points in the West to 59.9 percent.For the first quarter 2012, the homeownership rates were highest for those householders ages 65 years and over (80.9 percent) and lowest for the under 35 years of age group (36.8 percent). The rates for householders less than 35 years, 35 to 44, 45 to 54, and 55 to 64 years old were lower than their respective rates a year ago, while householders 65 years and over showed no significant change from the corresponding rates in the first quarter 2011.””Paul Diggle””:http://www.capitaleconomics.com/staff/property-economics/paul-diggle.html, a property economist with consultancy “”Capital Economics””:http://www.capitaleconomics.com/, said in a note Monday that homeownership rates may slip to roughly 65 percent by yearend if current trends hold.├â┬ó├óÔÇÜ┬¼├àÔÇ£And if the 1990s downturn is any guide, it will be a few years after [this year] before the homeownership rate really starts to improve,├â┬ó├óÔÇÜ┬¼├é┬Ø he added. Homeownership Rate Plummets to 15-Year Lowlast_img read more

"Homeownership Rate Plummets to 15Year Low"

Hollywood Heavyweight Lists Utah Chalet for 205M

first_img Hollywood heavyweight Jeffrey Katzenberg has put his swanky estate in Deer Park, Utah, on the market. Katzenberg, currently the CEO of “”DreamWorks Animation””:http://www.dreamworksanimation.com/, listed the luxurious “”log cabin ski chalet”” for $20.5 million, according to “”Realestalker””:http://realestalker.blogspot.com/2012/08/jeffrey-katzenberg-to-sell-utah-ski.html. The 14,100-square-foot home was designed by Rick Otto and Charles Gwathmey, and the resort-inspired property features a billiard room, plunge pool, and spa, as well as ski-in-ski-out facilities for those seeking to take advantage of the area’s well-groomed runs. Realestalker reports that Katzenberg’s latest real estate maneuver isn’t his first, revealing that the Tinseltown honcho purchased a 6.34-acre spread in Beverly Hills, California, for around $35 million in 2010.[COLUMN_BREAK][IMAGE] Share Agents & Brokers Attorneys & Title Companies Celebrity Homes Investors Lenders & Servicers Processing Service Providers 2012-08-15 Abby Gregory Hollywood Heavyweight Lists Utah Chalet for $20.5Mcenter_img August 15, 2012 401 Views in Data, Government, Origination, Secondary Market, Servicing, Technologylast_img read more

"Hollywood Heavyweight Lists Utah Chalet for 205M"

New CaseShiller Index Shows Smaller Fall Recovery in Housing

first_img Capital Economics Home Prices S&P/Case Shiller Home Price Indices 2014-09-11 Tory Barringer New Case-Shiller Index Shows Smaller Fall, Recovery in Housing As more companies launch their own home price metrics, the much-watched Case-Shiller indices have readjusted their methodology to adapt—and revealed a different picture of home prices in the last few months than originally reported.Beginning with the release of the June report last month, the monthly Case-Shiller reports now include an expanded national series going beyond the previously covered 20 markets. Previously, the national series was only released every quarter.While the new index comes as a “welcome improvement,” it also throws a wrench into what analysts previously knew about home prices during and after the crash, says Paul Diggle, property economist for Capital Economics.Looking at the new measure, Diggle notes house prices fell by a cumulative 0.4 percent over the second quarter. While that marks a “dramatic reversal” from the trends of the previous two years, it fits with the recorded 0.5 percent fall in the 20-city measure since April, he says.The historical picture, on the other hand, is a different story, thanks to changes in the treatment of foreclosure sales.According to Diggle, the new index shows prices fell 26 percent during the crash compared to 34 percent, as previously thought. As a result, the rebound that followed has amounted to 20 percent as opposed to 23 percent.”The historical revisions suggest that the housing bust was not as deep as thought and the subsequent recovery has not been as strong,” Diggle said in a note to clients. “But if anything the new index strengthens our view that housing is approaching fair value and that house price inflation will continue to slow.”According to Diggle, the new series points to 8.8 percent undervaluation compared to incomes in the second quarter, slightly less than the 10.8 percent recorded on the previous quarterly index—”meaning that at the margins the new series adds to our view that housing is approaching fair value.”That’s one reason why we expect the slowdown in house price inflation to be sustained,” he concluded. in Daily Dose, Data, Headlines, Newscenter_img September 11, 2014 555 Views Sharelast_img read more

"New CaseShiller Index Shows Smaller Fall Recovery in Housing"

CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving

first_img Share in Daily Dose, Data, Featured, News, Origination, Servicing Consumer Financial Protection Bureau Home Loans Reverse Mortgage Advertisements 2015-06-04 Staff Writer June 4, 2015 549 Views center_img CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving The Consumer Financial Protection Bureau (CFPB) issued a warning to consumers today about the misleading effects of reverse mortgage advertisements. The Bureau released results of a focus group study on reverse mortgage advertisements and found that many participants were left confused about the product.“As older consumers consider reverse mortgage loans to tap into their home equity, they need to be careful of those late night TV ads that seem too good to be true,” said Richard Cordray, CFPB director. “It is important that advertisements do not downplay the terms and risks of reverse mortgages or confuse prospective borrowers.”The study found that after viewing the ads, consumers did not understand that reverse mortgages were actual loans. Instead, they were left under the false impression that reverse mortgages are a government-issued program that helps consumers stay in their home for the rest of their lives.In actuality, the CFPB reported that a reverse mortgage is a home loan that allows older homeowners to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan payments are normally given to these borrowers as lump-sum payments, monthly payments, or as lines of credit.The CFPB’s reverse mortgage study interviewed about 60 homeowners age 62 and older in focus groups and in one-on-one interviews using 97 unique ads found on TV, radio, in print, and on the Internet. The study also found that many of the ads were incomplete and/or contained inaccurate information, raising concerns because reverse mortgages are complicated and expensive loans for older, more susceptible homeowners.The study found that the ads were characterized by:Ambiguity that reverse mortgages are loans: Some consumers found it difficult to understand from the ads that reverse mortgages are loans with fees and compounding interest; that the loans need to be repaid.False impressions about government affiliation: The advertisements left some older homeowners with the false impression that reverse mortgages are a risk-free government benefit, and not a loan.Difficult-to-read fine print: The study found that some consumers did not pick up on key aspects of the loan because the loan requirements were often buried in the fine print if they were even mentioned at all.Celebrity endorsements that imply reliability and trust: Many ads featured celebrity spokespeople discussing the benefits of reverse mortgages without mentioning the risks.False impressions about financial security and staying in the home for the rest of the consumer’s life: The study found that many ads implied financial security for the rest of a consumer’s life. But a reverse mortgage does not guarantee financial security no matter how long a consumer lives.The CFPB’s Consumer Advisory Warning:A reverse mortgage is a home loan, not a government benefit: Consumers need to know that reverse mortgages have fees and compounding interest that must be repaid, just like other home loans.Reverse mortgage ads do not always tell the whole story: Reverse mortgage ads do not always tell the whole story, such as that a consumer can lose ownership of their home.Without a good plan, a consumer could outlive the loan money: Consumers should have a financial plan in place that accounts for a long life.Click here to view the full CFPB Reverse Mortgage Study.Click here to view the full CFPB Consumer Advisory Warning.last_img read more

"CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving"

Defect Risk Simmers Except in HurricaneDamaged Markets

first_img Share According to the latest First American Loan Application Defect Index, the surge in the defect, fraud, and misrepresentation risk that started a year ago has finally lost momentum in October 2017.While the Index remained the same compared with the previous month, it did experience an increase year-over-year by 22.1 percent. However, the Index is still down 18.6 percent from the high point of risk in October 2013.In terms of refinancing transactions, the Index decreased 1.4 percent month-over-month and is 19 percent higher than a year ago. In addition, purchase transactions remained unchanged compared with the previous month and are up 12.5 percent from a year ago.“The Loan Application Defect Index has either remained unchanged or declined in every month since July, and the index value is the same level as in the summer of 2015,” said First American Chief Economist Mark Fleming. “Nationally, defect, fraud and misrepresentation risk has stabilized, but the local impact of recent natural disasters remains a concern.”Fleming explains that the current data seems to validate that there is a correlation between natural disasters and rising loan application defect risk.“Our defect, fraud and misrepresentation risk index shows the largest month-over-month increases in defect risk are in hurricane-impacted markets,” said Fleming. “Even Houston, one of the largest markets in the country, is not immune to the rising defect risk.”In October, four of the five markets with the greatest increases in defect risk compared with September is in Florida and Texas:Lakeland, Fla. (+11.9 percent) Virginia Beach, Va. (+8.4 percent) Cape Coral, Fla. (+5.9 percent)Orlando, Fla. (+5.9 percent)Houston (+5.6 percent)Among the largest 50 Core Based Statistical Areas (CBSAs), the five markets with a year-over-year increase in defect frequency are Virginia Beach, Virginia (+47.5 percent), Raleigh, North Carolina (+34.8 percent), Orlando, Florida (+28.6 percent), Kansas City, Missouri (+27.4 percent) and Louisville, Kentucky (+27.1 percent).States with the highest year-over-year increase in defect frequency are South Dakota (+50.8 percent), North Dakota (+47.1 percent), New Mexico (+38.5 percent), Iowa (+38.3 percent) and Idaho (+36.0 percent). Meanwhile, one state experienced a year-over-year decrease in defect frequency: Connecticut (-4.3 percent).The next release of the First American Loan Application Defect Index will be posted on the week of December 25, 2017. in Daily Dose, Data, Featured, journal, News December 4, 2017 635 Views center_img Defect Risk Simmers, Except in Hurricane-Damaged Markets First American HOUSING loan application defect index mark felming mortgage 2017-12-04 Nicole Caspersonlast_img read more

"Defect Risk Simmers Except in HurricaneDamaged Markets"

Freddie Mac 24B Reperforming Loan Securitization Announced

first_img in Daily Dose, Featured, Government, News, Secondary Market May 9, 2019 988 Views Share Freddie Mac: $2.4B Reperforming Loan Securitization Announcedcenter_img Foreclosure Freddie Mac GSE RPL SCRT 2019-05-09 Mike Albanese Freddie Mac announced its second Seasoned Credit Risk Transfer (SCRT) of 2019, offering a rate securitization of around $2.4 billion.The rate includes both senior and unguaranteed subordinate securities back by seasoned reperforming loans (RPLs).“The SCRT securitization program is a fundamental part of Freddie Mac’s seasoned loan offerings, which reduce less liquid assets in its mortgage-related investments portfolio and sheds credit and market risk via economically reasonable transactions,” the GSE stated in the release.According to the release, the most recent SCRT includes approximately $2.2 billion in guaranteed senior risk certificates and around $247 million in unguaranteed mezzanine and subordinated certificates.Freddie Mac expects the transaction to be settled on Wednesday, May 15.To assist borrowers who were at risk for foreclosure and help them remain in their homes, the underlying collateral consists of the modification of 12,406 fixed-and-step-rate, seasoned RPLs. Freddie Mac reported on its foreclosure prevention activity in its Q1 2019 financial update, and according to the Federal Housing Finance Agency, both Fannie Mae and Freddie Mac completed 13,589 foreclosure prevention actions in January. The GSE’s have completed more around 4.3 million foreclosure actions since the start of conservatorship in September 2008.The RPLs are serviced by Select Portfolio Servicing, Inc, with assistance from Citigroup Global Markets Inc. and Nomura Securities International, Bank of America, Merrill Lynch, BMO Capital Markets Corp., Credit Suisse Securities LLC, Wells Fargo Securities LLC and The Williams Capital Group, L.P.In 2019 Freddie Mac has sold $8 billion on non-performing loans and securitized more than $50 billion of RPLs.Freddie Mac reported an income of $1.7 billion in its financial update.“Our guarantee book of business over the prior year grew 5 percent, demonstrating our heightened competitiveness, and credit quality remains strong,” said Freddie Mac CEO Donald H. Layton. “We also delivered on our mission, making home possible for nearly 450,000 families. These results demonstrate how the transformed Freddie Mac today is a well-run financial institution that produces solid earnings, serves its customers, protects taxpayers and fulfills its mission.”last_img read more

"Freddie Mac 24B Reperforming Loan Securitization Announced"

Travel Counsellors has launched an inspirational

first_imgTravel Counsellors has launched an ‘inspirational’ speaker program, TC Talks, – a global initiative that invites high profile speakers from a range of professions and backgrounds to share their insights and experience in their area with a global team of over 2,000 people. The first event saw American astronaut, Nicole Stott, discuss her career and the launch of the new training experience at the Kennedy Space Centre.IMAGE: Representatives from Kennedy Space Centre Rebecca Shireman, Gabriele Bauer- Cornish, Philip Britton, astronaut Nicole Stott and Travel Counsellors Global Sales Director Jim Eastwood TC TalksTravel Counsellorslast_img read more

"Travel Counsellors has launched an inspirational"

ASIA DMC 2017 World Travel Awards winners for As

first_imgASIA DMC, 2017 World Travel Awards winners for ‘Asia’s Leading Destination Management Company, has appointed Mark Snoxell and Exposure Downunder as its representative for the Australian market across all destinations including Cambodia, Laos, Myanmar, Thailand, and Vietnam, where the head office is based.Mark will be equipping Australian agents with knowledge of the depth of ASIA DMC product, and offering both private self-famil options for this year and small luxury group famils for agents early in 2019.“We are delighted to have Mark Snoxell on board to further grow local understanding of our unique ‘Spirit of Travel’ philosophy to the Australian travel trade,” said ASIA DMC’s Group Managing Director, Linh Le. “We have been working with Mark for the past twelve months in New Zealand, and his operating style and innate desire for creating quality tailor-made itineraries aligns superbly with ASIA DMC. We take the responsibility to ensure our guests discover the unique essence of each destination; from community visits to off-the-beaten-track adventures, urban explorations to rural retreats, we put the Spirit of Travel into every trip. “We aim to deliver the timeless values of Eastern hospitality to all our guests, whilst also showcasing the distinctive cultures and experiences of this diverse region.” appointmentsASIA DMCExposure Downunder ASIA DMC’s Spirit of Travel philosophy allows visitors to discover the heart and soul of each destination in a variety of interesting and innovative ways. In Thailand for example, the chance to self-drive a traditional tuk-tuk through the rolling countryside of Chiang Mai is too good an opportunity to miss. Across the border in landlocked Laos, guests have the rare opportunity to spend time with one of ‘Southeast Asia’s most isolated communities, the Ikhos, with an adventure up the Nam Pak River. In Vietnam, the ‘Backroads of Annam’ private adventure reveals the local attractions that lie between Hue and Hoi An, including Tam Giang Lagoon, Bach Ma National Park and A Luoi; while in Cambodia guests can offset the carbon footprint of their trip by planting fruit trees in Preah Dak village.For further information, contact Mark, mark@exposuredownunder.comlast_img read more

"ASIA DMC 2017 World Travel Awards winners for As"

Accor Hotelshotels

first_imgAccor Hotelshotels Mercure Sydney International Airport has rebranded to Novotel Sydney International Airport, from 1 April 2019, following the completion of a multi-million dollar refresh.General Manager Novotel Sydney International Airport, Zayne Boon, said: “We’re delighted to continue to operate this hotel under the Novotel brand. Novotel resonates so well across the globe and is an instantly recognisable name in the mid-scale hotel space, known for its multi-service offering with the versatility to cater to our loyal business and leisure guests.“In conjunction with an extensive renovation, we saw an opportunity to further leverage the Novotel brand’s presence around the Sydney Airport precinct, and we are excited to welcome guests and showcase the refreshed hotel from today.”Working closely with WMK Architects, the hotel’s recent multi-million dollar refresh has seen an upgrade to the lobby, guestrooms and grand ballroom. Guest rooms are enhanced with block out curtains and double-glazed windows to help provide a good night’s rest for travellers.The new design incorporates a botanical theme throughout with contemporary, vibrant elements utilising wooden accents, botanical wallpaper and pops of colour. The hotel’s restaurant and bar concept will be reimagined with a new menu to launch in coming weeks that will feature a paddock to plate philosophy with an emphasis on supporting local Australian producers.Celebrating its new name and new look, Novotel Sydney International Airport is offering guests $25 off each night and $1 breakfast for stays from now through to 31 January, 2020 when booked direct before 30 August, 2019*.*Reservations are subject to availability and conditions apply.last_img read more

"Accor Hotelshotels"

Air Vanuatu has been celebrating the upcoming laun

first_imgAir Vanuatu has been celebrating the upcoming launch of its direct Melbourne to Port Vila flights. The airline, together with the Vanuatu Tourism Office (VTO), has joined by 11 hoteliers and tour operators to visit 66 travel agencies throughout suburban Adelaide and Melbourne.The three day tour also included a wholesaler soirée and two interactive agent events, where guests were treated to Tanna Coffee espresso martinis on arrival, before a hotly-contested game of trivia. One lucky agent in each city walked away with a fantastic trip to Vanuatu, including flights and accommodation.“These face-to-face introductions are an essential platform for showcasing Vanuatu’s latest and greatest product offering, while increasing agents’ destination knowledge. It was also great to see such enthusiasm out of both the Adelaide and Melbourne markets ahead of the Melbourne flight launch in June,” said Allan Kalfabun, Marketing Manager, The Vanuatu Tourism Office.Air Vanuatu, Vanuatu’s national carrier, will commence its new non-stop service between Melbourne and Port Vila on 18 June 2019, expanding the airline’s offering in Australia and providing greater access to Vanuatu. agentsAir VanuatuairlinesMelbournePort VilaVanuatulast_img read more

"Air Vanuatu has been celebrating the upcoming laun"

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   – / 10 Grace expects Greinke trade to have emotional impact Their defense will also be better with him.“You don’t have to substitute because he has corner ability,” Arians said of what Mathieu brings to the defense. “He’s a safety that can cover. He can play in the slot, he can go out wide. You can stay in your base-package and really you still have three corners out there with him. Also great range in the deep end of the field.“He allows us to do a lot of different things. Not that we can’t do them with Rashad (Johnson) and Tony (Jefferson), but they don’t have quite the coverage skills that he has as a corner.” To expect Mathieu to just show up and be the same player he was prior to the injury would be unfair. The 22-year-old has a lot of rust to knock off, and will need to regain any lost confidence in the process. The Cardinals are planning on bringing their young star along slowly, which makes plenty of sense given what kind of future he is expected to have for the team.“We’ll keep them in individual drills for a day or two, see how they respond to that, and gradually up their snaps in team drills,” Arians said of the plan for both Mathieu and Alameda Ta’amu, who was also activated from the PUP list Tuesday following knee surgery.At his current pace, it would not be a surprise to see Mathieu lining up with the team when it takes on the San Diego Chargers on Monday Night Football to open the season. While that would appear to be an amazing feat given the severity of the defensive back’s injury, at this point it almost seems foolish to ever doubt him.“Hopefully it puts me in position to be ready for the opener,” Mathieu said of returning now. “I think my trainers and my coaches, they’ve been kind of working together. They obviously knew that was my goal, so they’ve been real thoughtful about me through this whole process.” As it is, Mathieu will be wearing a brace on his knee for the duration of the season, which is something the training staff recommended he do. He’s been wearing it for the last two months, so there is a comfort level with it. There is also an expectation of soreness and tightness this season, but Mathieu says he’ll keep positive thoughts and push through it. “Just his overall game speed, there’s no limps or any of those types of things,” Arians said of what he’ll be looking for with Mathieu over the next couple weeks. “It’s playing at this game speed. For him to play on Monday Night he’s going to have to get some game speed before then.“Practice speed is one thing, game speed is another.” However long it takes for Mathieu to be ready for game action, the Cardinals are certainly pleased that Mathieu is at this point. Arians said, “It’s always good to have that smile back on the field,” and in a way the timing could not have been better.With Darnell Dockett being lost for the season with his own ACL injury, the Cardinals could certainly afford the kind of good news that comes with Mathieu’s return. Former Cardinals kicker Phil Dawson retires GLENDALE, Ariz. — Tyrann Mathieu was in pads and on the practice field Wednesday.It was a big milestone for the defensive back, who is working his way back after tearing his ACL and LCL in a Week 14 win over the St. Louis Rams a little more than eight months ago.After the practice — his first this season — Mathieu tweeted, “Felt like a Toddler taking my first steps today out on field with my teammates. Tomorrow is a chance to gain more confidence.”last_img read more

"The 5 Takeaways from the Coyotes introduction of"

Arizona Cardinals running back Andre Ellington 38

first_imgArizona Cardinals running back Andre Ellington (38) is hit by New Orleans Saints defensive back Delvin Breaux (40) during the first half of an NFL football game, Sunday, Sept. 13, 2015, in Glendale, Ariz. (AP Photo/Ross D. Franklin) Comments   Share   Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impactcenter_img When Andre Ellington went to the ground without contact in the fourth quarter of the Arizona Cardinals’ 31-19 win over the New Orleans Saints Sunday, it was natural to fear the worst. After all, many of the NFL’s worst injuries — ACLs, Achilles tendons, etc. — occur under those circumstances.It appears that is not the case here, however.“Andre has a mild sprained PCL, there’s no timetable because it is so individual, it could be a week, it could be three weeks,” head coach Bruce Arians said Monday. “He’s a very tough guy, we know that. Last year he played with a lot worse. It actually happened on the play before when he slammed his knee into the ground. Then when he went to make the cut he knew it wasn’t right.” Arians said he won’t rule him out for the game in Chicago just yet.If Ellington is not able to go Sunday in Chicago, Chris Johnson would get the start.The sprain was first reported earlier Monday by ESPN’s Josina Anderson. Top Stories Source: Cardinals RB Andre Ellington has a Grade 1 PCL Sprain. Estimated return to play 2 to 3 weeks.— Josina Anderson (@JosinaAnderson) September 14, 2015After the game, Arians said the team thought it was a PCL injury and that Ellington himself said he was feeling pretty good. Then, Monday morning, before the running back underwent an MRI, Cardinals general manager Steve Keim told Doug and Wolf on Arizona Sports 98.7 FM the team was optimistic it would not be a bad injury.After the game in Chicago, the Cardinals host a pair of division opponents — the San Francisco 49ers and St. Louis Rams.Ellington ran for 69 yards and one touchdown on 12 carries before leaving the game Sunday. He also caught one pass for seven yards.Johnson ran for 37 yards on 10 carries Sunday. – / 21last_img read more

"Arizona Cardinals running back Andre Ellington 38"