Isra Stapanaseth

first_imgTourism Authority of Thailand (TAT) designated August 2016 as a ‘month for woman travellers’, in a way of marking Her Majesty Queen Sirikit’s birthday. In order to promote this initiative and inspire female travellers to come to Thailand, TAT has come up with five different promotional concepts: Beautiful LOOK, Beautiful SHAPE, Beautiful RETREAT, Beautiful MIND, Beautiful EXPERIENCE. Our focus at TTF would be to meet and engage with the travel trade from East India and introduce new properties, attractions and destinations in Thailand which they could further promote and sell to their clients.last_img read more

Indian hotel sector sees a growth in occupancy

first_imgIn May 2017, India’s hotel sector performed strongly with rate and occupancy growth leading to a sharp rise in revenue per available room (revPAR).As per the latest monthly data from STR, India’s nationwide occupancy increased 5.4% year-on-year to 61.4% in May, which marked the highest absolute occupancy level for the month in India since 2007. The extra demand is allowing hoteliers to hike their rates; India’s average daily rate (ADR) climbed 3.5% to Rs 5,406.77 (approx $84) in May.These two factors combined to raise nationwide revPAR by +9.1% to Rs 3,319.71. During the first five months of 2017, RevPAR increased 4.2%, driven by strong domestic tourism and rising affluence among India’s growing middle class. Specifically, in May hotel demand was supported by the Indian Premier League cricket and the African Development Bank annual meetings in Ahmedabad.last_img read more

Tibet Airlines gets direct connectivity from Chengdu to Kathmandu

first_imgLhasa based Tibet Airlines has commenced its direct flight service on Chengdu–Kathmandu-Chengdu route. The airline has appointed Himalaya Airlines Pvt Ltd as its General Sales Agent (GSA) for passenger and cargo movement to take care of reservations and ticketing in Nepal.The inaugural flight TV 9899 departed from Chengdu Shuangliu International Airport at 18:16 hours (Local Time) and touched down at Tribhuvan International Airport (TIA), Kathmandu at 19:15 hours (Local Time). The departure flight schedule for flight TV 9900 is 19:25 hours (Local Time) departing from Tribhuvan International Airport (TIA), Kathmandu and arrival to Chengdu at 00:50 (+1) hours next day (Local Time).With the launch of four flights per week, every Monday, Tuesday, Thursday and Saturday, the airline would operate its Airbus 319 on the route, featuring a comfortable two class cabin, seating 128 passengers with eight in business class and 120 in economy, providing passengers with more legroom and fresh look in cabin.last_img read more

Abu Dhabis oldest building Qasr Al Hosn to reopen this year

first_imgThe Abu Dhabi’s Department of Culture and Tourism is readying to welcome tourists to the redeveloped Qasr Al Hosn in Abu Dhabi by the year-end. The historic fort at the heart of the capital is undergoing a substantial renovation. Cafes and restaurants will also feature in the finished attraction, while it will host exhibitions and concerts, along with the return of the annual Qasr Al Hosn Festival.It forms part of the emirate plans to make a sustained push to attract more tourists. According to official figures, Abu Dhabi welcomed about five million hotel guests last year – up 10% on 2016 and Indian arrivals contributed majorly to it. This year’s goal is 5.5 million.“Each emirate is trying to develop a unique tourist identity: Ras Al Khaimah has adventure tourism and Abu Dhabi has its culture. What we are trying to do is create a different unique selling point in each emirate so we can complement rather than compete,” said Sultan Al Dhaheri, Executive Director, Tourism Development and Investment Company.last_img read more

Manipur celebrates Sangai Festival 2018

first_imgEvery year the Government of Manipur, spearheaded by the Tourism Department, celebrates the Manipur Sangai Festival from November 21 to 30, to project and showcase the tourism potential and promote ‘Destination Manipur’.The festival is named after the State animal, Sangai, the brow-antlered deer found only in Manipur. It started in the year 2010 and has grown over the years into a platform for Manipur to showcase its rich tradition and culture to the world. The festival is labelled as the grandest festival of the State and helps promote Manipur as a must-visit tourist destination. Every edition of the festival showcases the tourism potential of the state in the field of art and culture, handloom, handicrafts, indigenous sports, cuisine, music and adventure sports of the state, etc.The festival reflects the State’s proud cultural heritage and the love for art which is inherent amongst various tribes inhabiting the State of Manipur. The State’s classical dance form, ‘Ras Leela’ formed an important part of the dance performances at the Manipur Sangai Festival 2018 besides the various other folk dance performances like the Kabui Naga dance, Bamboo dance, Maibi dance, Lai Haraoba dance, Khamba Thoibi dance, etc. which were showcased at the festival.The festival also brought to light an array of Manipur’s best indigenous handlooms and handicrafts products. The themed huts of the variety of tribes at the heritage park represented the living-style of these tribes and exhibited their indigenous products. The artistry and creativity of the tribes of Manipur were seen in their handloom and handicrafts products which are otherwise not widely available in the market.Indigenous sports were also a major highlight of the State’s biggest tourism festival this year. Manipur’s famous martial arts – Thang Ta (a combination spear and sword skills), Yubi-Lakpi (a game played with greased coconut like rugby), Mukna Kangjei (a game that combines hockey and wrestling), and Sagol Kangjei – Modern Polo (believed to have evolved in Manipur) all formed a part of the festival. Besides, adventure sports activities like trekking, white water rafting and parasailing etc. formed a major part of the festival as well.The Manipur Sangai Festival 2018 introduced visitors to the best of the State’s cuisines at a number of food stalls which were present during the festival. Manipur’s popular dishes include Nga-thongba (fish curry), Eromba (a dish prepared with boiled vegetables and fermented fish), Ooti (mustard beans), Bora (pakoda), Paknam (a baked cake of gram flour mixed with other ingredients), Singju (a spicy hot traditional salad), and Brown-rice Kheer, etc.The past editions of the festival have been a huge success and brought a huge number of visitors from within and outside the state. The 2018 edition of the Manipur Sangai Festival was organised at different locations in Imphal and Bishnupur District, keeping in view, the increasing number of visitors to the state during the festival.last_img read more

Mortgage Rates Race to New Lows as Job Growth Wavers

first_imgMortgage Rates Race to New Lows as Job Growth Wavers As the employment situation continues to raise concerns, fixed rates fell even lower, slipping yet again to record lows, according to a survey from “”Freddie Mac””:http://www.freddiemac.com/ released Thursday.[IMAGE]The 30-year fixed-rate mortgage averaged 3.67 percent (0.7 point) for the week ending June 7, falling from last week’s average of 3.75 percent. Last year at this time, the 30-year fixed was 4.49 percent.The 15-year fixed rate declined even further below 3 percent to 2.94 percent (0.7 point), down from last week’s 2.97 percent. A year ago at this time, the 15-year was 3.68 percent.[COLUMN_BREAK]””Fixed mortgage rates reached new record lows for the sixth consecutive week as long-term Treasury bond yields declined further following downwardly revised economic growth and job creation data,”” said “”Frank Nothaft””:http://www.freddiemac.com/bios/exec/nothaft.html, VP and chief economist for Freddie Mac.Nothaft cited recent reports showing gross domestic product rose only 1.9 percent in the first quarter as well as the disappointing 69,000 jobs added in May. In addition, the unemployment rate moved to 8.2 percent from 8.1 percent the month before in April.The 5-year ARM remained unchanged from last week at 2.84 percent (0.7 point); a year ago, the 5-year ARM averaged 3.28 percent.The 1-year ARM moved up to 2.79 percent (0.4 point), up from last week’s 2.75 percent. Last year, it averaged 2.95 percent.Finance Web site “”Bankrate.com””:http://www.bankrate.com/ also released its survey on mortgage rates and reported record-low averages. The 30-year fixed slipped to 3.92 percent, down from last week when it averaged 3.94 percent. On the other hand, 15-year fixed rose slightly to 3.16 percent from last week’s 3.15 percent.The five-year fell to 2.99 percent from 3.01 percent last week.Bankrate.com’s national survey uses data provided by the top 10 banks and thrifts in the top 10 markets. June 7, 2012 415 Views Adjustable-Rate Mortgage Agents & Brokers Bankrate First-Time Homebuyers Fixed-Rate Mortgage Freddie Mac Housing Affordability Investors Jobs Lenders & Servicers Processing Service Providers Unemployment 2012-06-07 Esther Chocenter_img in Data, Government, Origination, Secondary Market, Servicing Sharelast_img read more

Aite Analyst Evaluates the CMBS Markets Past and Present

first_img “”Aite Group, LLC””:www.aitegroup.com/, is speaking out on contemporary issues in the commercial mortgage-backed securities (CMBS) marketplace.[IMAGE] The company’s senior analyst, John Jay, recently released his statements in response to a New York Times article evaluating the potential impact of pre-crisis commercial loans.[COLUMN_BREAK]Within the publication’s report, the Times discussed the looming due dates associated with commercial mortgage loans that were issued five-plus years ago. However, Jay’s commentary indicates that the industry is striving to remain future-focused by extending mortgages that “”will make safer investments due to increased detail on performance.””Aite’s senior analyst noted, “”CMBS deals are not immune to the underlying factors that cratered the residential mortgage markets. Factors such as easy underwriting standards and rosy valuation projections can easily conspire to make what once seemed to be a sure-fire investment turn into a pumpkin.””Elaborating on the state of the industry, Jay said, “”The CMBS marketplace has moved on, however. All actors in this space are demanding ever more granular loan level performance detail and loan modifications (and are getting it, thanks to data and analytics vendors).””””Deeper analysis by capital-at-risk players will only make this a more efficient and properly risk-adjusted marketplace going forward,”” added Jay, concluding his forward-looking statements. Agents & Brokers Attorneys & Title Companies CMBS Company News Investors Lenders & Servicers Processing Service Providers 2012-07-09 Abby Gregory Aite Analyst Evaluates the CMBS Market’s Past and Present in Data, Government, Origination, Secondary Market, Servicing, Technologycenter_img July 9, 2012 453 Views Sharelast_img read more

Mortgage Lending Suffers at Insured Banks

first_img in Daily Dose, Government, Headlines, News November 28, 2014 414 Views Thanks in large measure to more secure lending, U.S. banks in Q3 had their best quarter since 2009, FDIC reported this week. But though more solid loan products accounted for most of the quarter’s growth, mortgage lending fell by nearly half a percent.FDIC-insured institutions earned $38.7 billion in the third quarter of 2014, a 7.3 percent increase from a year ago, according to FDIC’s latest Quarterly Banking Profile. At the same time, the number of banks in trouble dropped for the 14th straight quarter.According to FDIC, total loan and lease balances rose by nearly $51 billion to $8.2 trillion overall. This upswing was led mainly by nearly $20 billion in new industrial and auto loans.Mortgage loans, still hampered by regulations designed to prevent a recession relapse, dropped by nearly $7 billion.”It’s painfully clear that new regulatory requirements have restrained mortgage lending and have made it particularly difficult for first-time homebuyers,” said James Chessen, chief economist at the American Bankers Association (ABA). Chessen called the regulations a “complex and liability-laden maze of compliance” that has made mortgages tough to write and even tougher to get by those with weak or less-established credit.While earnings were solid in Q3, FDIC Chair Martin Gruenberg acknowledged that profit margins remain under pressure in the current realm of low-interest rates. Institutions, Gruenberg said, have responded by extending asset maturities, which raises concerns about interest-rate risk.On the upside, losses and problem loans, according to ABA, are back to pre-recession levels as banks continue to improve their portfolios.”The level of non-performing loans is down more than 58 percent since its peak in the first quarter of 2010,” Chessen said. “We may have reached the bottom of the credit cycle as the process of purging bad loans nears the finish line.”Smaller community banks in particular posted strong growth. Thanks largely to more localized business loans that are seeing more new companies through the early days, community banks earned nearly $5 billion in Q3 and accounted for 45 percent of the quarter’s small business loans, FDIC reported.Whether this stability in lending will lead to eased restrictions in mortgage originations is, of course, another story. Neither FDIC nor ABA would speculate on when—or if—some of the red tape may be cut, but both agencies seem confident that the growth in other loan products and more diligent asset management will help keep the banking industry on a more sustainable footing as 2015 sets in. Sharecenter_img Mortgage Lending Suffers at Insured Banks American Bankers Association FDIC Regulation 2014-11-28 Scott_Morganlast_img read more

FDIC Sues Bank of NY Mellon Over 206 Billion in Failed RMBS

first_img Bank of New York Mellon Federal Deposit Insurance Corp residential mortgage backed securities 2015-08-20 Seth Welborn Share in Daily Dose, Government, Headlines, News FDIC Sues Bank of NY Mellon Over $2.06 Billion in Failed RMBScenter_img The Federal Deposit Insurance Corp. (FDIC) has filed a complaint in a Manhattan federal court accusing Bank of New York Mellon of breaching its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities (RMBS) purchased by an FDIC-insured bank in Texas which later failed, according to multiple media reports.The FDIC took Austin, Texas-based Guaranty Bank into receivership in 2009, and the agency claims it suffered losses of more than $440 million in March 2010 when it sold 12 mortgage-backed securities that were originally issued by the EMC Mortgage Corp unit of Bear Stearns and by Countrywide Home Loans in 2005 and 2006, according to a report from Reuters. Both Bear Stearns and Countrywide were bought out in 2008 by JPMorgan Chase and Bank of America, respectively.The lawsuit, filed in the U.S. District Court for the Southern District of New York, claims that BNY Mellon “shirked its duty” as a bond trustee to make sure that the securities were not defective. Among the claims made by the FDIC are that servicers collected “excessive fees” for servicing the loans in the covered trust after they defaulted, which resulted in “enormous losses” for the plaintiff, according to the reports.A spokesperson from BNY Mellon could not immediately be reached for comment.This is not the only lawsuit the FDIC has pending against a bank over RMBS sold to Guaranty Bank. Earlier in August, the Fifth U.S. Circuit Court of Appeals in New Orleans revived a suit filed in 2014 by the FDIC accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities sold to Guaranty Bank in 2004 and 2005. A judge in Austin had previously dismissed the FDIC’s suit against the three financial institutions, claiming that the suit had not been filed in time under Texas law.The FDIC has a lawsuit similar to the BNY Mellon case pending against bond trustee U.S. Bancorp over the sales of about $248 million worth of RMBS to Guaranty Bank, citing losses when those RMBS were sold. August 20, 2015 717 Views last_img read more

Ocwen Moves to Expedite CFPB Ruling

first_img CFPB DOJ Ocwen PHH 2017-04-26 Seth Welborn Share Ocwen Moves to Expedite CFPB Ruling Ocwen Financial Corporation is hoping to expedite a court ruling on the constitutionality of Consumer Financial Protection Bureau with two motions, filed Wednesday morning. The organization also filed a third motion inviting the Department of Justice to participate in the case.On April 20, the CFPB filed suit against Ocwen, alleging the lender “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process.” The motions filed today are a direct response to the Bureau’s allegations.“Ocwen believes that the CFPB is unconstitutionally structured, because it vests too much unfettered power in the hands of the CFPB’s Director and the Bureau itself, without any meaningful oversight by the President or Congress,” a release from Ocwen stated.A three-judge panel from the D.C. Circuit Court of Appeals deemed the CFPB’s structure unconstitutional back in October of 2016, in the case of PHH Corp. v CFPB, vacating a $100 million fine against PHH and ultimately giving the president power to fire the CFPB director at will.Seventeen state attorneys, as well as several lawmakers, made a bid to defend the CFPB, though the court rejected those bids in March. The full D.C. Circuit Court of Appeals will rehear the case, affording the CFPB the chance to defend itself. In response, the U.S. Department of Justice filed a brief in March asserting its agreement with the Circuit Court, saying “a removal restriction for the Director of the CFPB is an unwarranted limitation on the President’s executive power.”In response to the CFPB’s recent suit against the organization, Ocwen called the Bureau “an unaccountable agency” and cited a number of apparent errors in its filing.“The Complaint is riddled with allegations about conduct that Ocwen already addressed—sometimes years ago—with refunds, credits, or other consumer remedies,” Ocwen responded. “Moreover, the CFPB contends that on ‘numerous’ occasions or ‘at least one thousand’ times Ocwen has wrongfully started or completed foreclosures on consumers who were in the midst of applying for or performing a loan modification. But, so far as Ocwen, is aware—and the Complaint does not identify the loans—the CFPB did not actually look at the individual servicing files for these consumers’ loans before making this allegation.”center_img April 26, 2017 710 Views in Daily Dose, Government, Headlines, Newslast_img read more

Application Defect Rate Up Amidst Sellers Market

first_imgApplication Defect Rate Up Amidst Seller’s Market defect rate First American Sellers Market 2017-04-28 Aly J. Yale The rate of defects, fraud, and misrepresentation in mortgage applications is up nearly 4 percent over February, according to the Loan Application Defect Index released by First American on Friday.The Index, which estimates the frequency of defects in information submitted in mortgage applications, shows that defects, misrepresentation, and fraudulence rose 3.9 percent from February to March, as well as over the year. This was the fourth consecutive month the Defect Index has increased.According to Mark Fleming, Chief Economist at First American, the inventory-strapped seller’s market is likely to blame for rising defects.“We are experiencing one of the strongest sellers’ markets in recent memory,” Fleming said, “and the ‘speed-buying’ that is required for home buyers to make an offer and win a bid for homes they like may be contributing to the increase in defect, misrepresentation, and fraud risk that we are observing.”The Defect Index was up for the month on both refinance and purchase loans, rising 3.3 percent and 2.4 percent, respectively. Over the year, defects were down 4.5 percent on refinance transactions and up 3.6 percent on purchase ones.Defects varied greatly at the local level. According to the report, the markets with the highest risk of defects were in the Southern part of the U.S., with the top five including McAllen, Texas; Charleston, South Carolina; Tampa, Florida; Knoxville, Tennessee; and Baton Rouge, Louisiana.“Defect, fraud and misrepresentation risk is increasingly becoming a regional phenomenon,” Fleming said. “The risk is concentrating in attractive local markets where housing demand is the strongest, primarily in the South,” said Fleming. “The South may not be so charming anymore if you manage loan fraud and misrepresentation risk.”According to Fleming, this falls in line with the “seller’s market” causation theory.“The South is also one of the strongest regions of the country for housing demand,” Fleming said. “According to the most recent National Association of Realtors’ existing-home sales release, the rate of existing-home sales increased 8.5 percent in March compared to a year ago. Additionally, the median price in the South was up 8.6 percent compared to a year ago.”Markets in the Northeastern part of the country have a much lower rate of defect. Scranton, Pennsylvania; Toledo, Ohio; Rochester, New York; Albany, New York; and Harrisburg, Pennsylvania, had the lowest levels of defect and fraud in the nation. Sharecenter_img in Daily Dose, Data, Headlines, News April 28, 2017 653 Views last_img read more

Is Homeownership Still Part of the American Dream

first_imgIs Homeownership Still Part of the American Dream? Share in Daily Dose, Data, Featured, Headlines, News American Dream Homeownership Rural Suburban Urban 2017-07-06 Joey Pizzolatocenter_img Earlier this week we celebrated Independence Day, and with that, we also take the time to think about what made a fight for freedom a reality—the American Dream. And in that reflective moment, it’s easy to declare the American Dream dead. But ValueInsured, in a recent report, wants to “offer a different perspective.”Homeownership has long been considered the cornerstone of the American Dream, and ValueInsured polled over 5,000 Americans in the last two years for its Modern Homebuyer Survey to assess the current state of the American Dream, and what Americans should do to keep it alive.Millennials (70 percent) are in line with the rest of Americans (71 percent) in their desire to keep the American Dream alive. Both demographics also acknowledge—69 percent and 68 percent, respectively—that the American Dream isn’t something that is stagnant; it is every-changing, and must remain fluid in order to survive. And while 76 percent of millennials identify their own personal American Dream as being different from their parents, 65 percent still believe that homeownership defines their version of the American Dream.Location of respondents doesn’t seem to diminish this desire, either. Eighty percent of urban dwellers say owning a home is important to their American Dream, compared to 76 percent of suburbanites and 76 percent of respondents living in a rural area.The survey also found that “the association of homeownership with the American Dream [seems] to transcend socio-economic borders.” Seventy-six percent of Americans with a college education desire to own a home, compared to 74 percent of Americans without an education. Similarly, 84 percent of Americans with a pre-tax income over $100,000 want to own a home as do 71 percent of those with a pre-tax income under $50,000.Even Americans that rent (71 percent) or live rent-free (61 percent) say that they would someday like to own a home of their own. July 6, 2017 732 Views last_img read more

How Will New Flood Insurance Regs Impact Lenders

first_img February 12, 2019 1,273 Views Share A joint ruling by banking regulators including the Federal Reserve, the Office of the Comptroller of Currency (OCC), National Credit Union Administration, Federal Deposit Insurance Corporation, and Farm Credit Administration will implement the provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 to require mortgage lenders and credit unions to accept certain private flood insurance policies in addition to policies under the National Flood Insurance Program (NFIP).With the addition of acceptance of private insurance flood policies through this rule, the regulators have widened the scope for lenders to accept private flood insurance policies by allowing them to conclude that the policy meets the definition of private flood insurance, “without a further review of the policy, if the policy  or an endorsement to the policy, states: This policy meets the definition of private flood insurance contained in 42 U.S.C. 4012a(b)(7) and the corresponding regulation.”According to the OCC, the rule which takes effect on July 1 would also allow financial institutions to rely on an insurer’s written assurances in a private flood insurance policy stating that the policy meets the criteria for flood insurance. It also clarifies that lenders, under certain conditions, can accept policies that don’t meet the Biggert-Waters Act criteria. It also allows lenders to accept some flood coverage plans provided by mutual aid societies subject to agency approval.The regulation specifies that the amendment would “permit regulated lending institutions to exercise their discretion to accept flood insurance policies issued by private insurers and plans providing flood coverage issued by mutual aid societies that do not meet the statutory definition of private flood insurance, subject to certain restrictions.”The OCC said that The proposed rule included conditions for accepting these policies. However, in response to commenters, the agencies removed some of these conditions from the final rule. “The key conditions in the final rule are a requirement that the policy provides sufficient protection for a designated loan, consistent with general safety and soundness principles, and a requirement that the regulated lending institution document its conclusion regarding the sufficiency of protection in writing.”Read the full analysis of the final rule here. in Daily Dose, Featured, News, Servicingcenter_img How Will New Flood Insurance Regs Impact Lenders? Biggert-Waters Act FDIC Federal Reserve Flood Insurance Lenders mortgage OCC Servicers 2019-02-12 Radhika Ojhalast_img read more

Partnership Announced Between Two Technology Companies

first_imgPartnership Announced Between Two Technology Companies cloud technology 2019-05-31 Mike Albanese Two technology companies in the housing industry announced a new partnership. Iowa-based LenderClose has integrated Simplifile, which functions as an electronic liaison between lenders and county recording offices. Simplifile has deployed its e-recording platform in 50% of all U.S. recording jurisdictions and plans to help the remaining 50 percent realize e-recording benefits in 2019.Because the LenderClose platform provides API connections to every vendor it takes to manage a mortgage or HELOC loan, the combination of the two platforms streamlines the lending staff experience.The integration is a continuation of LenderClose’s strategy to provide lenders a single point of access to vendors in the housing industry to holistically digitize the loan cycle. LenderClose also recently integrated with MeridianLink’s LoansPQ loan origination platform.“We cannot afford to lose sight of the borrower experience,” said LenderClose COO Ben Rempe. “That’s why we have placed such a high priority on putting the right technology and integrations into the hands of lending staff. When they are empowered to exceed expectations, the borrower experience is automatically improved.”Through LenderClose, lending staff access a suite of property data reports and services – from flood certification and valuation products to title reports and e-recording. The result is a vastly accelerated underwriting process, an increasingly essential capability for all lenders. With one vendor, one integration and one invoice, lending teams realize multiple points of efficiency.The pairing of LenderClose and Simplifile allows lenders nationwide to upload county recordable documents, such as mortgages, trust deeds, releases and more, to the LenderClose platform without having to toggle between providers and accounts. Every LenderClose user will have access to e-recording and will remain inside the LenderClose platform as they engage directly with county recorders.“Vendor collaboration is critical for the continued digital transformation of the lending industry,” said Paul Clifford, Simplifile founder and president. “We’re fortunate to have found an excellent match in the leadership of LenderClose. Bringing our two platforms together has been very smooth and iterative. We have a strong feedback loop in place, and look forward to taking our users’ suggestions for making the experience of accessing both platforms from a single access point even better.”“Our old process required us to mail mortgages to county offices nationwide, with a check in every package. It took us 5 to 7 business days to record a mortgage or file a release,” said Becky Beard, AVP of mortgage operations at Deere Employees Credit Union. “Now, we upload our documents to the LenderClose platform and the county e-records it the next business day, sometimes within hours or even minutes.  Once recorded, we’re able to retrieve a copy of the documents, complete with county stamps.”“Legacy lenders can’t wait a minute longer to digitize,” said Omar Jordan, CEO of LenderClose. “It’s surprising how many lenders continue to rely on postal services, or even hand-delivery of documents, when the industry has access to fast, secure technology. By integrating with as many technology vendors as possible, we make it even easier for lenders to evolve their processes to new, exciting ways of serving digital consumers – and to close more loans while they’re at it.”Both LenderClose and Simplifile were named to the 2019 HousingWire Tech100 as two of the top technology companies in the housing industry. in Headlines, Newscenter_img Share May 31, 2019 327 Views last_img read more

TR4 confirmed in Colombia as country declares nat

first_img TR4 confirmed in Colombia as country declares “nat … February 13 , 2019 Sigatoka risk greatly increased by climate change, … You might also be interested in “2018 was a complex year for Colombian agricultural exports, but the banana sector grew by 2.52% compared to 2017,” said Juan Camilo Restrepo Gómez.”The year was influenced by climatological factors like the El Niño Phenomenon and the high amount of wind in the production areas, which reduced fruit production during some months of the year.”He added in 2019 it will be fundamental to advance on the implementation of a country-wide label or a denomination of origin to help grow in markets and open new destinations.In late December Augura warned producers to prepare for a dry spell expected to last over the first few months of this year. center_img The Colombian banana industry closed 2018 with a production of a little over 100 million boxes, marking nearly 3% year-on-year growth despite some weather-related challenges.Industry association Augura, whose members represent 78% of the total volume, said the country’s crop was equivalent in value to US$859 million.Bananas remain Colombia’s third-largest agricultural export after coffee and flowers. U.S. judge denies Chiquita’s request to be let out … Australia: Queensland govt boosts TR4 funding, cal …last_img read more

UK Tesco trials removing plastic from fruit and

first_img U.K.: Tesco trials removing plastic from fruit and … A pair of premium Japanese mangoes from Miyazaki Prefecture fetched a record ¥500,000 (US$4,500) in the season’s first auction at a local wholesale market earlier this month, topping the previous best of ¥400,000 (US$3,500), Japan Times reports.The premium mangoes are called Taiyo no Tamago , meaning Egg of the Sun. To qualify for this description, they must reportedly meet strict criteria: weigh at least 350 grams each, possess a high sugar content and have more than 50 percent of their skin covered in a bright red hue.The mangoes were bought by a local produce wholesale company.“The record price will give a lift to those who grew the mangoes,” said Shota Tatemoto, a 35-year-old employee of the wholesaler. April 18 , 2019 Leading fruit breeders form alliance to fight risi … You might also be interested in Brazilian table grape exports soar in H1 as other … last_img read more

Chile opens for Australian almonds

first_img Chile opens for Australian almonds … July 30 , 2019 Australia expecting best quality almond crop in a … Australia’s Hort Innovation is funding a new project aimed at building the country’s capability to detect and control Xylella fastidiosa, should it ever enter the country.The harmful bacterium has been dubbed the number one plant biosecurity threat to Australia. It is transmitted by common sap-sucking insects such as spittlebugs and sharpshooters.The impact of Xylella overseas has been catastrophic, infecting more than 200 million citrus trees in Brazil. It has also destroyed one million olive trees in Italy and devastated the Californian grape sector, Hort Innovation said.The pathogen – not yet present in Australia or New Zealand – can cause significant damage to many important crops. These include grapevines, olives, nuts, citrus, stone fruit, blueberries and cherries.In fact, over 500 cultivated and uncultivated herbaceous and woody plant species are known hosts of Xylella.A new collaborative research project managed by Hort Innovation will be led by Dr. Rachel Mann from the Victorian Department of Jobs, Precincts and Regions (JPR). It’s additionally supported by Western Australian, NSW and Queensland primary industries and New Zealand’s Ministry for Primary Industries.This collaborative effort ensures labs that currently provide diagnostic capability in Australia and New Zealand are prepared.New project to look at new detection and surveillance methodsHort Innovation research and development manager Dr. Penny Measham said the project was looking at new methods for detection and surveillance. This is being done through the development of innovative diagnostic tools.“Currently, detection is difficult as the pathogen has a long latent period and not all plant hosts exhibit symptoms,” she said. Australia scores improved citrus, carrot access to … center_img “Furthermore, the different strains of X. fastidiosa, classified into subspecies, can behave like different diseases in different hosts.”Measham said the value of subspecies identification was paramount during incursion mode.“Along with international collaboration, the project aims to establish an Australian based X. fastidiosa genome database to assist with design and validation of X. fastidiosa subspecies specific diagnostic tools that are both rapid and accurate,” she said.“The fast turn-around of this information could be the difference between eradication and moving to management of this devastating pest.”Project lead, Dr Rachel Mann, said the current National Diagnostic Protocol (NDP) for Australia is for the detection and identification of Xylella. It is focussed specifically on Pierces disease.“This project will review and adopt the world’s best practice diagnostic methods for the detection and identification of Xylella and it’s subspecies, and ensure diagnosticians are trained and proficient in using the revised National Diagnostic Protocol,” she said.“In the event of a suspect sample being identified, our state diagnostic laboratories will be the first to deal with these samples.”It is therefore essential that the capacity to handle these samples be developed and tested now – not during a potential incursion.Mann said the adoption of the Xylella NDP would be immediate. She said the NDP will be used to screen plant material entering Australia and will also support active surveillance programs.It will also be used during an incursion or during the detection of the exotic vector, the glassy-winged sharpshooter. AUS: Proposed Great Barrier Reef regulations ‘igno … You might also be interested inlast_img read more

brochureIrelandQantas HolidaysUK

first_imgbrochureIrelandQantas HolidaysUK Qantas Holidays has now released its brand new 2018 UK & Ireland brochure (previously combined with UK & Europe) featuring a significantly expanded selection of accommodation and tour options. The brochure features a range of Stopover packages, as well as new London and Edinburgh City Break packages, and a wide variety of accommodation and tours in Regional England, Scotland and Ireland sections, including new hotels in the Welsh towns of Caernarfon, Conwy and Tenby.See the full brochure online here.last_img read more

Thai hotel and property development group Dusit I

first_imgThai hotel and property development group, Dusit International, has made its Vietnam debut with the opening of Dusit Princess Moonrise Beach Resort on the country’s largest island, Phu Quoc.Operating under Dusit’s upper midscale Dusit Princess brand, the new resort marked its soft opening on 22 May with a special ceremony attended by the property’s owners, Mr Do Van Chanh, Director of Linh Chi Limited Company, and Ms Thu Nguyen, General Director of Linh Chi Limited Company; local government representatives Mr Ngo Hoai Chung, Vice Chairman, Vietnam National Administration of Tourism, and Mr Ngo Trieu Cam, Chairman of Duong To people’s committee; and a team of executives from Dusit International, led by Mr Lim Boon Kwee, Chief Operating Officer.Comprising 108 well-appointed contemporary guest rooms, most of which offer pristine ocean views, Dusit Princess Moonrise Beach Resort is centrally located on the island’s west coast overlooking the stunning Bai Truong beach, a 20-plus kilometre stretch of sand also known as Long Beach.The resort’s dining options include an all-day-dining restaurant, a lobby lounge, a swim-up pool bar serving Thai, Vietnamese and Western cuisines; and Soi 14, a stylish beachfront bar and lounge serving Thai street food favourites with a contemporary spin. The centerpiece of the resort is a large infinity pool with ocean view, set within a lush tropical garden. Other facilities include a fully equipped gym, a kids’ club, a large ballroom accommodating up to 190 people, and Luna Thai Spa (opening in July 2018). To celebrate its opening, Dusit Princess Moonrise Beach Resort is offering introductory rates starting from USD96 per night, available for booking until 31 October 2018. Dusit Internationalhotels & resortsMoonrise Beach ResortVietnamlast_img read more

Top Stories

first_img Top Stories Comments   Share   Cardinals expect improving Murphy to contribute right away The Arizona Cardinals have agreed to terms with four oftheir seven2012 draft choices, the team announced Tuesday.Well, the team announced three of the four, as fourth-round pickBobby Massie broke the news on via hispersonalTwitter account.At any rate, the signings of Massie, fifth-round pickSenioKelemete, and sixth-round selections Justin Bethel andRyan Lindleymean the only players yet to sign are first-round pickMichaelFloyd, third-round choice Jamell Fleming and seventh-roundselection Nate Potter. Nevada officials reach out to D-backs on potential relocationcenter_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke Read below for more on the newly-signed players:• Bobby Massie• Senio Kelemete• Justin Bethel• Ryan Lindleylast_img read more