Rosewood Hotels Resorts to open second London hotel

first_img“We are delighted to welcome Rosewood Hotels & Resorts on-board with this exciting re-development of the U.S. Embassy building. This is a major opportunity for London and a hotel of this exceptional calibre perfectly aligns with our vision and ambition to renew the heart of Mayfair and cement the neighbourhood’s unique character as the leading hospitality, arts and luxury retail quarter in London for residents and visitors to enjoy.” says Sheikh Jassim Al-Thani, chief development officer of Qatari Diar, Europe & Americas. “We look forward to working with the brand on this project to realise our long-term commitment to deliver a world-class hotel that seeks to re-establish Mayfair’s distinguished reputation as an outstanding place to live, work and visit.”The new London hotel will join a regional network of distinctive Rosewood properties in Europe, including Rosewood Castiglion del Bosco, Rosewood London and Hôtel de Crillon, A Rosewood Hotel. Additionally, Rosewood Edinburgh and Rosewood Vienna are slated to open in 2020 and 2021, respectively.About Rosewood Hotels & ResortsRosewood Hotels & Resorts® manages 20 one-of-a-kind luxury properties in 11 countries, with 16 new hotels under development. Each Rosewood hotel embraces the brand’s A Sense of Place® philosophy to reflect the individual location’s history, culture and sensibilities. The Rosewood collection includes some of the world’s most legendary hotels and resorts, including The Carlyle, A Rosewood Hotel in New York, Rosewood Mansion on Turtle Creek in Dallas and Hôtel de Crillon, A Rosewood Hotel in Paris, as well as new classics such as Rosewood Beijing. Rosewood Hotels & Resorts targets to double its number of hotels in operation by 2020. For more information: Connect with us: Facebook Twitter Instagram @rosewoodhotelsAbout Qatari DiarQatari Diar is a global leader in sustainable real estate, building landmark projects of unrivalled scope and vision. We create vibrant communities dedicated to capturing the hearts and imaginations of the people we serve. These developments are conceived from our commitment to preserving and reflecting local characters and traditions and our visions have created places with a sense of identity and purpose where people aspire to live, work and visit.Qatari Diar’s European operation is based in London, and boasts several key local projects, including a landmark residential development at the 12 acre Chelsea Barracks site in Belgravia; Southbank Place, a mixed-use joint venture between Qatari Diar and Canary Wharf Group situated in a prime central London location on the south bank of the River Thames; the current U.S. Embassy in London, which will become a luxury hotel, retail and event space; and East Village & Elephant Park, a joint venture with Delancey and APG, offering more than 4000 private residential apartments for rent.Qatari Diar seeks to harness the world’s greatest architectural and design talent in order to create sustainable communities that will stand the test of time.For more information: Rosewood Hotels & Resorts to open second London hotelRosewood Hotels & Resorts to open second London hotelRosewood Hotels & Resorts® has been appointed by global real estate investment firm Qatari Diar to manage a new, ultra-luxury hotel located on picturesque Grosvenor Square in London’s prestigious Mayfair district. Set to be housed in the iconic building which currently serves as the U.S. Embassy, the hotel will be the second Rosewood property in London and will open as the sixth property in Europe. The announcement comes on the heels of the enormously successful reopening of Hôtel de Crillon, A Rosewood Hotel in Paris, solidifying Rosewood’s expanding presence in Europe and around the globe.“We are thrilled to embark on this exciting new venture, which will bring new life to this iconic building. The prestigious Mayfair neighborhood embodies elegance, culture, and sophistication, making it the ideal location for Rosewood’s second property in London,” says Sonia Cheng, chief executive officer of Rosewood Hotel Group. “As one of Europe’s most coveted travel destinations, London strikes a special balance between the historical charms of the past and the contemporary comforts of the present, catering to a multitude of experiences that often cannot be found in one place. We look forward to providing guests with a property that is equally as captivating, and that will serve as a backdrop for the rich and authentic adventures that the city affords.”The property will offer 137 spacious guestrooms and suites, as well as a variety of dining and entertainment spaces, including five gourmet restaurants. The property will also feature a signature spa, which will provide guests with a luxurious retreat from the bustling streets of London, as well as six flagship retail spaces and a grand ballroom with space for up to 1,000 guests. Esteemed British architect, Sir David Chipperfield, has been selected to oversee the design process, which will reimagine the mid-20th century listed building through elegant interior upgrades while still maintaining the integrity of the property through the preservation of the building’s original, Grade II listed façade. Source = Rosewood Hotels & Resortslast_img read more

MACq 01 awarded Australias Best Hotel

first_imgMACq 01, Australia’s First Storytelling Hotel MACq 01 awarded: Australia’s Best HotelFederal Group’s MACq 01 Hotel has been recognised as Australia’s Best Hotel overall; and Australia’s Best Hotel in the category of Superior Accommodation at the Australian Hospitality Awards held on the Gold Coast this afternoon.Greg Farrell, Federal Group Managing Director said, “this extraordinary recognition adds to an already impressive list of state and national awards for the storytelling hotel, including Australian Gourmet Traveller’s Best Large Hotel earlier this year.“It’s been an enormous journey for MACq 01 General Manager Jake Smith and his team, who opened their doors to the world just 15 months ago and ascended to #1 on Trip Advisor just five weeks later.“We’re a bit overwhelmed to be honest”, said MACq01 General Manager, Jake Smith. “We had high expectations for MACq 01 and have worked hard to bring our story to life, but nobody anticipated this level of recognition so soon”.“The storytelling hotel concept was an exciting innovation and feedback from our guests has been staggering. Each guest leaves our hotel understanding the Tasmanian culture, psyche and spirit just a little bit more and that has been enormously fulfilling,” he said.Mr Farrell said in closing, “We owe a great deal to our local community, from captivating stories and artefacts through to incredible Tasmanian food, beverage and various other industry partnerships.”With MACq 01’s Bar and Restaurant (The Story Bar and Old Wharf Restaurant) gearing up for an exciting summer season, the hotel is also preparing to launch a brand new high-end lounge bar called Evolve Spirits Bar in November. The MACq 01 team look forward to welcoming and celebrating these awards with the Hobart locals.Source = MACq 01last_img read more

Ujjwala Dali

first_imgTTF Kolkata is our first event when we start our fiscal year. Our first participation was in 2004. Since then Nepal Tourism Board has been participating in almost all major editions of TTF. TTF has grown in its quality in terms of management and arrangement. I am thankful to TTF for giving us the opportunity in the trade meet and inaugural functions and making all the best possible efforts to give us the status of Partner Country. We would like to partner with TTF this year specifically in most if its events.last_img

Sarovar Hotels enters Ethiopia with a new property at Addis Ababa

first_imgSarovar Hotels Pvt Ltd, recently announced its arrival into another international market with a hotel in Addis Ababa, the capital of Ethiopia. This is another significant development by the group after it recently took over the management of a hotel in Lusaka, Zambia. The hotel marks Sarovar’s presence in the fifth country in Africa after Tanzania, Kenya, South Sudan and Zambia.Situated at one of the prime areas of the city, the 101 keys hotel will be called Sarovar Premiere Addis Ababa, making it the seventh Sarovar Hotel in Africa.Commenting on the new endeavour, Ajay K Bakaya, Executive Director, Sarovar Hotels Pvt. Ltd., said, “We are very excited to be expanding to another new destination in the African region. With Sarovar Premiere Addis Ababa, we exceed a total of 1000 rooms in Africa.”Located in Meskel Flower Road, one of three main streets of the city, the Sarovar Premiere Addis Ababa will be accessible to all important landmarks in the city and just a 15 minutes’ drive from the airport. With Addis Ababa being a key transit point, it is an important link for Sarovar Hotels’ growth in strategy in East Africa.Sarovar Hotels currently operates over 75 hotels in India and abroad with a key size of over 6000 under the brands Sarovar Premiere, Sarovar Portico and Hometel.last_img read more

Virgin Atlantic and Flybe extend their codeshare flights to Scotland

first_imgTravellers in India can now book flights with Virgin Atlantic to Scotland. Customers will be able to book tickets to travel from Delhi with Virgin Atlantic and connect onto Flybe flights at London Heathrow to Aberdeen or Edinburgh.Commenting on the development, Vincent Hodder, Chief Revenue Officer, Flybe, said, “Flybe is especially delighted that this extension of our valued codeshare partnership with Virgin will enable us to better serve Scottish travellers and global visitors, further realising our ambition of being a ‘One Stop to the World’ for the UK regions. We greatly look forward to cementing our commitment to Scotland and welcoming, even more, Virgin passengers on board our new Heathrow flights to Aberdeen and Edinburgh when they start at the end of March.”Nick J Parker, Head of Middle East, Africa and India (MEAI), Virgin Atlantic, commented, “Our partnership with Flybe will help bring beautiful Scotland a little closer to Delhi. Thanks to new daily connections via London Heathrow. Our customers can fly to London Heathrow with Virgin Atlantic and transfer seamlessly onto their Flybe flight to Edinburgh or Aberdeen to explore Scotland’s famous scenery, history and culinary delights.”The new flights are available for travel from March 26, 2017 and will allow customers to seamlessly connect between Virgin Atlantic and Flybe.last_img read more

NYC Company launches three new winter programmes

first_imgNYC & Company launched NYC Winter Outing, a programme created to inspire out-of-town visitors to plan overnight trips to NYC from January 21 through February 10, 2019. NYC & Company will launch its three signature programmes simultaneously for the first time ever – NYC Broadway Week, NYC Restaurant Week and NYC Must-See Week on January 21. During this period, a selection of Broadway shows, museums, attractions and tours will be available at a two-for-one price, and nearly 400 restaurants will offer prix-fixe menus. In addition, NYC’s hotels offer the most attractive pricing of the year, providing visitors extraordinary value.“One of New York City’s best-kept secrets is the incredible value overnight visitors experience during the winter months,” said Fred Dixon, President and CEO, NYC & Company. “Winter consistently offers the most attractive hotel rates of the year. That combined with aligning the dates of NYC & Company’s signature winter programmes – NYC Restaurant Week, NYC Broadway Week and NYC Must-See Week makes NYC an irresistible draw for travellers in January and February.”To further elevate New York City as a vibrant wintertime destination, NYC & Company has appointed Jeremy Jauncey, Founder and CEO of Beautiful Destinations, as the NYC Winter Outing Ambassador. During the winter months, Jauncey will create unique content for the programme, including his top-10 tips for winter travel throughout NYC’s five boroughs.“I am so lucky to call New York home,” said NYC Winter Outing Ambassador Jeremy Jauncey. “I love exploring the different boroughs, especially during the winter. The enchanting season brings new life to an already palpable city. And most of all, I love that person from across the world travel to New York to experience a truly magical place! At Beautiful Destinations, we are lucky to partner with NYC & Company in an effort to showcase New York City in all its glory.”The NYC Winter Outing landing page at highlights upcoming NYC Broadway Week participating shows, NYC Must-See Week participating attractions and NYC Restaurant Week participating restaurants, with the ability to save a list through’s new favourite tool and to book overnight accommodations at a selection of city hotels. Visitors who sign up for emails will be notified when all three programmes are live and bookable from their saved list at 10:30 am on January 9, 2019.NYC Winter Outing will also offer mini-itineraries for different traveller affinities on the landing page that combine an NYC Restaurant Week meal, an NYC Broadway Week show and an NYC Must-See Week attraction. Currently, there are four mini-itineraries available with themes including ‘Glam’, ‘Old School’, ‘Go Big or Go Home’ and ‘Like a VIP’ with additional itineraries to follow.last_img read more

Mortgage Rates Remain Unchanged Amid Mixed News

first_img Interest rates for mortgage loans hovered at around the same numbers this week seen last week, even while the construction sector celebrated with boons in starts and confidence.[IMAGE]Mortgage giant “”Freddie Mac””: and finance Web site “”””: recorded the steady creep forward and downward by releasing their respective weekly surveys.Freddie found the benchmark 30-year fixed-rate mortgage cresting at 4.11 percent, slightly down from 4.12 last week but not far from 4.21 percent seen during the same time last year. disagreed with the mortgage giant by few turns, offering an increase from 4.21 percent to 4.37 percent this week.The finance Web site recorded a climb by the 15-year loan to 3.59 percent this week, up from 3.46 percent seen last week. Freddie posted a difference by few percentage points, with the fixed-rate mortgage inching up to 3.38 percent this week, up from 3.37 percent.””Frank Nothaft””:, VP and chief economist with Freddie, chalked up the nominal gains in a “”statement””: to varying measures of national economic health.He cited a 1.1-percent climb for retail sales over September and still-falling measures of consumer sentiment in October, alongside a[COLUMN_BREAK]””Federal Reserve””: report from this month that denoted a mild expansion of economic activity.These and other economic forces kept a heel on mortgage rates, with the 5-year adjustable-rate mortgage (ARM) leveling off at 3.01 percent this week, down from 3.06 percent last week and a far cry from 3.45 percent seen over the same time last year, according to Freddie.The GSE noted a 2.94-percent upward climb by the 1-year ARM, a few percentage points above 2.90 percent recorded last week and likewise several notches beneath 3.30 percent seen over the same time last year.Five-year ARMs leapt to 3.26 percent, on the way up from 3.11 percent seen last week, according to The finance Web site also noted a 3.89-percent high for 10-year ARMs.In a “”separate statement””:, noted a sharp rise in mortgage rates from record lows, which nonetheless remain close to rock bottom historically.””This week’s increase was spurred by better than expected job growth and optimism that Europe has a handle on their debt issues, which pushed government bond yields and mortgage rates higher,”” the finance Web site said, adding the “”optimism could prove temporary.””All it takes is a hiccup in Europe or disappointing earnings or economic news on this side of the Atlantic, and mortgage rates will head right back down,”” it said.Nothaft nodded at “”some good news”” for the home construction industry, citing “”heightened consumer confidence””: and “”a spike in housing starts””: said a 13-percent plunge in building permits with five or more units signaled “”that the multifamily building pickup may be temporary.””Speaking with _MReport_ for a “”past story””:, the chief economist and other analysts described the lay of the macroeconomic land as one that would continue contributing to lower mortgage rates. Mortgage Rates Remain Unchanged Amid Mixed News October 20, 2011 409 Views in Data, Origination, Secondary Market, Servicingcenter_img Adjustable-Rate Mortgage Agents & Brokers Bankrate Federal Reserve First-Time Homebuyers Fixed-Rate Mortgage Freddie Mac Housing Affordability Investors Lenders & Servicers Mortgage Rates Processing Refinance Service Providers 2011-10-20 Ryan Schuette Sharelast_img read more

Mortgage Rates Rise Slightly This Week Zillow

first_img Adjustable-Rate Mortgage Agents & Brokers Debt Crisis Euro European Union Housing Affordability Investment Investors Lenders & Servicers Mortgage Rates Processing Service Providers Zillow 2012-01-24 Ryan Schuette in Data, Origination, Secondary Market, Servicing, Technology After falling to new lows last week, interest rates for 30-year fixed-rate mortgages climbed to 3.82 percent, real estate Web site “”Zillow””: said Tuesday.[IMAGE]The Web site polled anonymous quotes from online users to release the latest Zillow Mortgage Marketplace, which it offers weekly.[COLUMN_BREAK]While the 30-year loan averaged 3.8 percent, the 15-year fixed-rate mortgage hovered around 3.12 percent.Rates for 5-year and 1-year adjustable-rate mortgages (ARMs) meanwhile went to 2.76 percent.””The 30-year fixed mortgage rate rose above 3.8 percent last week as more lenders increased their prices to cover a government-mandated fee on Fannie Mae and Freddie Mac loans,”” “”Erin Lantz””:, director of Zillow Mortgage Marketplace, said in a statement.””The new fee was voted on by Congress late last year to pay for the extension of a payroll tax deduction and federal unemployment benefits,”” she added, saying that while the fee does not take effect until April 2012, “”lenders already are incorporating it into their rates to cover for future closings.””Mortgage rates have remained near all-time lows as investors continue to flee from European markets, which remain afflicted by concerns over their debt crises. January 24, 2012 434 Views center_img Mortgage Rates Rise Slightly This Week: Zillow Sharelast_img read more

CoFounder Named New CEO for Mortgage Returns

first_img A new CEO has been selected at “”Mortgage Returns”” The company recently announced the appointment of co-founder Jim Blatt to the executive position. [IMAGE]Blatt has more than 15 years of senior level leadership in the industry, as well as extensive experience in small business development. In his new role for Mortgage Returns, Blatt will be responsible for providing relevant and automated marketing solutions for the company’s 225 financial institutions customers around the U.S.Commenting on his ascension to CEO, Blatt said, “”Mortgage Returns has reached five consecutive years of 50 percent or more revenue growth. Last year, we hired a new chief technology officer and doubled our investment in our IT team.””Continuing his official statement, Blatt added, “”I am confident that our commitment to enhancing the technology-driven element of our solution will continue to provide outstanding results for more than 6,000 originators using our award-winning marketing platform.””Prior to helping found Mortgage Returns, Blatt helmed the expansion of retailer “”Mary Englebreit””, successfully doubling revenues for the company’s stores in just one year. Blatt has also performed as the senior financial manager for footwear entity, “”Wild Pair””, which has more than 200 stores nationwide.The launch of Mortgage Returns represented a departure from Blatt’s previous retail experience, and the Missouri-based company specializes in full-service customer retention management and automated marketing solutions for mortgage originators. Mortgage Returns is focused on helping clients maximize profitability from customers, prospects, referral partners, and marketing initiatives, and the company serves an estimated 6,000 originators around the country.In closing, Blatt noted, “”Over the last three years, there has been tremendous consolidation in the mortgage industry. While many mortgage companies and originators have left the business, our clients have experienced record growth. The average originator using our automated marketing platform realized 21 new loans found by Mortgage Returns in the first year, an average return on investment of more than 3,000 percent.”” Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-02-13 Abby Gregory February 13, 2012 461 Views in Data, Government, Origination, Secondary Market, Servicing, Technologycenter_img Co-Founder Named New CEO for Mortgage Returns Sharelast_img read more

Commentary RealWorld Experiments

first_img May 17, 2013 404 Views Commentary: Real-World Experiments Share Economists usually do it with models, so it’s rare in economics to be able to conduct a laboratory experiment. Currently, though, we’re watching two experiments in different corners of the world that support the idea that stimulus works to repair a troubled economy and austerity doesn’t.[IMAGE]Japan and the Eurozone are, through their actions, demonstrating how economies can move in opposite directions with Japan’s stimulus plan succeeding and the eurozone’s austerity program failing.To revive his nation’s dormant economy, Japanese Prime Minister Shinzo Abe argued strongly during his election campaign last year for the Bank of Japan to expand the country’s money supply and, once in office, increased government spending. The result for the first quarter was the Japanese economy grew at a 3.5 percent annualized rate, much faster than the 2.7 percent growth rate expected by analysts. If that scenario sounds familiar, we have only to look at the actions of the Federal Reserve–both in lowering the target Fed Funds rate to near zero and then adopting two further “”quantitative easing”” programs. The Fed is now pumping $85 billion a month into the economy through its purchase of agency mortgage-backed securities and its reinvestment of maturing investments into Treasury securities. While first-quarter GDP results here were positive (despite a cutback in government spending) longer-term trends show slower growth as government spending drops.While the Fed’s action did not produce the feared inflation doomsayers predicted, Abe understood that the combination of increased government spending in Japan and the expanded money supply could push up prices with the additional benefit of ending the years of deflation that paralyzed Japan’s economy.The first-quarter results in Japan, while encouraging, still have further to go. Wages in Japan are flat, and other economic indicators have yet to match overall growth, though markets have improved and corporate Japan is forecasting higher profits.Abe’s program is not done. The third leg of his economic stool–structural reforms–could be the most challenging, but over the long run perhaps the most important. Those reforms, among other things, would make Japan’s labor market more flexible and encourage immigration.[COLUMN_BREAK]Half a world away, the eurozone, after preaching and embracing austerity, reported output contracted 0.2 percent in the first quarter, showing the region remains in recession. The results were worse than expected, leaving GDP down 1.0 percent from a year ago. Output has been negative for six consecutive quarters–a recession by anyone’s definition.The only nation in the Eurozone that showed positive results in the quarter was Germany, where GDP grew 0.1 percent for the quarter but was still down 0.3 percent year-over-year.The outlook isn’t bright either. The European Commission forecast annual GDP would drop 0.4 percent for the year and that growth in 2014 would be a meager 1.2 percent. Whether the contraction would cross the Atlantic remains to be seen.While the Fed has brought interest rates down as far as possible in the United States, the European Central Bank (ECB) earlier in May brought its main policy rate to 0.5 percent from 0.75 percent. With the GDP results, the ECB is under increasing pressure to act again when it meets next month.The lessons from across the Atlantic and Pacific seem clear… if Congress and the president read and heed them.The two key housing numbers for the upcoming week will be reports Wednesday on existing-home sales for April and Thursday on new home sales for the same month. Existing-home sales are expected to show improvement, though forecasters are not as optimistic about new home sales. Of the two, the new home sales report is the more significant. (Because the existing-home sales report tracks closings, it really reflects the economy two months ago.) Indeed, forecasts notwithstanding, existing-home sales could show a decline because the pending home sales index two months ago was essentially flat to the prior month. Home sales dipped 0.6 percent in March. Sales in recent months have tracked prices, falling as prices increased. The recent price trend, combined with flat incomes and even flatter rates, suggests analysts and forecasters could be surprised.New home sales improved 1.5 percent in March, but the percentage change can be deceiving. By the numbers, sales rose just 6,000 to an annual rate of 417,000. Sales have increased in five of the last seven months, and the March increase was the weakest since last August. While homebuilders’ optimism increased in the National Association of Home Builder’s latest Housing Market Index, they may have overlooked the link between sales volume and prices, which has been demonstrating the same relationship as existing-home sales._Hear Mark Lieberman on P.O.T.U.S. (SiriusXM 124) on Friday at 6:20 a.m. Eastern._*_Want to write an opinion piece for publication on our site? Send your submission to_* “”””:mailto:MReportEditor@TheMReport.comcenter_img Agents & Brokers Attorneys & Title Companies European Union Existing-Home Sales GDP Home Prices Home Sales Investors Lenders & Servicers Mark Lieberman National Association of Home Builders Pending-Home Sales Service Providers 2013-05-17 Mark Lieberman in Data, Governmentlast_img read more

Freddie Macs Portfolio Expands in December

first_img Freddie Mac’s total mortgage portfolio ended 2014 on a strong note with its highest annualized growth rate for a single month in five years, according to the enterprise’s December 2014 Monthly Volume Summary released Thursday.The mortgage portfolio expanded by 4.5 percent—an increase of $7.14 billion—up to an estimated $1.91 trillion in December. It was the highest annualized growth rate for any one month seen in Freddie Mac’s portfolio since December 2009, when it grew by 5.7 percent. The portfolio has expanded for four months in a row and five out of the last six after contracting for six straight months to begin 2014. From January 2010 until September 2014, when the current four-month expansion string began, the portfolio contracted in 48 out of 56 months.December’s substantial gain for the total mortgage portfolio was still not enough to bring the year-to-date annualized growth rate into the positive, however—for the 12 months combined, it was -0.2 percent. Year-to-date, the dollar value of Freddie Mac’s mortgage portfolio has declined by about $4.55 billion, down from $1.914 trillion at the end of 2013.Driven by higher loan purchases, Freddie Mac’s mortgage-related investments portfolio jumped by $6 billion from November to December up to $408 billion, according to spokesman Tom Fitzgerald. December was only the second month of the year in which the mortgage-related investments portfolio increased month-over-month. The portfolio ended 2013 at $461 billion.The single-family serious delinquency rate declined to its lowest level since January 2009, according to Freddie Mac. In December, 1.88 percent of all single-family mortgage loans backed by Freddie Mac were seriously delinquent, compared to 1.91 percent in November. Freddie Mac’s seriously delinquent rate of 1.88 percent is less than half the national average, which was reported at 4.0 percent for November, according to CoreLogic’s November 2014 National Foreclosure Report.”This is good news, meaning that fewer and fewer homeowners with mortgages backed by Freddie Mac are 90 days past due on their mortgage payments or in foreclosure,” Freddie Mac said on its blog. “Keeping families in their homes continues to be a top priority for Freddie Mac and we exhaust every workout option to do so. We have helped more than one million struggling homeowners avoid foreclosure since the crisis.”The number of homeowners who received permanent loan modifications also increased month-over-month. The total number was 5,371 in December, compared to 4,518 in November. The total of loan modifications completed for the entire year of 2014 was 67,152, or an average of 5,596 per month.Single-family refinance loan volume also increased substantially month-over-month, totaling $13.1 billion in December (56 percent of total volume) compared to $10.7 billion in November (48 percent of total volume). January 30, 2015 488 Views Share Freddie Mac’s Portfolio Expands in Decembercenter_img in Daily Dose, Headlines, News, Secondary Market Freddie Mac Loan Modifications Mortgage-Backed Securities RMBS 2015-01-30 Seth Welbornlast_img read more

Ocwen Fails Part of Compliance Test Improvements for Internal Review Group

first_img in Daily Dose, Featured, News, Servicing Ocwen Fails Part of Compliance Test; Improvements for Internal Review Group Share May 7, 2015 529 Views center_img Internal Review Group National Mortgage Settlement Ocwen Financial Corp. Office of Mortgage Settlement Oversight 2015-05-07 Seth Welborn Retesting of Ocwen Financial’s compliance with the terms of the 2012 National Mortgage Settlement (NMS) for the first quarter of 2014 revealed that the Atlanta-based servicer failed one metric originally reported as a pass, but passed the other eight metrics, according to a release from the Office of Mortgage Settlement Oversight.In a report filed with the U.S. District Court for the District of Columbia on Thursday, NMS Monitor Joseph A. Smith, Jr., reported the results of the retesting for Q1 2014 and also outlined several actions Ocwen has taken to improve its internal review group (IRG), which Smith has been investigating since May 2014.”Since my last report, my team and I have been working to assess Ocwen’s compliance with the NMS,” Smith said. “Our retesting for the first quarter of 2014 of nine metrics that our investigation determined to be ‘at risk’ showed that the servicer failed one metric (Metric 19) that it had previously reported as a pass. Metric 19 tests whether the servicer is complying with the requirement to notify borrowers of any missing or incomplete documents in a loan modification application. Ocwen has proposed a corrective action plan to address the reasons for its failure, and I am reviewing it.”Smith said his team launched an investigation of Ocwen’s IRG in May 2014 after hearing from an employee about “serious deficiencies in Ocwen’s internal review group process” and issues relating to backdated foreclosure notices sent to about 7,000 borrowers, which Ocwen attributed to computer errors. The erroneously-dated notices resulted in Ocwen reaching a $150 million settlement with the New York Department of Financial Services in December.”While our testing continues, Ocwen has taken a number of actions to address previous problems with its internal review group. Specifically, Ocwen replaced the executive who leads the IRG and otherwise reorganized employees, adopted corporate governance principles, and enhanced my access to information,” Smith said. “I also created a hotline to allow any concerned employees to contact me directly and anonymously if they see problems. As a result of these actions, I report to the court that Ocwen internal review group’s independence, competency, and capacity have shown measurable improvement.”last_img read more

China apple prices soar concerning Beijing

first_img China: apple prices soar, concerning Beijing … July 03 , 2019 U.S. apple industry suffers hard blow with India’s … Continued brand successPink Lady has seen its reputation continue to grow in all markets since 2016 (date of the last survey).Indeed, 7 of the 10 countries surveyed had scores in excess of 80% for recognition of the brand’s popularity.  Belgium stood at 81%, Ireland at 92% and Denmark at 89%.Encouraging results have also emerged in terms of the marketing and communications strategy used over the last three years, which was designed to give greater visibility to the brand’s CSR commitments, strengthen its digital presence and adapt deployment to local markets in order to reinforce proximity with consumers.Corporate responsibilityIn recent years, the Pink Lady Europe association notes it has committed to a strategy of corporate responsibility and progress.It points out that it has taken a number of steps forward this season toward these aims.For example, it has rolled-out Bee Pink, an awareness program for the protection of bees in Spain and Italy and for further studies into bee pollination in the wild.Another move was its the launch of an ambitious new policy. This policy supports the development of new techniques and technologies (smart pomiculture).A third – of many more – is the reinforcement of the Pink Lady Talents, We Are Pink and Pink Lady Day initiatives, which are designed to boost the sharing of best practices throughout the sector, promote them and reward the involvement of the company’s internal stakeholders. T&G apple harvest underway amid expectations … center_img U.S.: Late season Ruby Frost apple variety gives r … Pink Lady saw a slight dip in its apple sales this season, largely due to declining consumption in key EU markets, says Pink Lady Europe.However, even with the minor drop, the company says Pink Lady “maintained good performance”, with 170,000 tons sold (compared to 178,000 tons year-on-year).What’s more, the minor decline – attributed to harsh weather conditions during harvest time – didn’t stop the brand from increasing its market share, demonstrating its rise in popularity and an ongoing desire to prove its CSR commitments, in line with the IMAGINE 2025 strategy, says the company.Strategic results for Pink LadyPink Lady has seen sales growth in three top markets. These include +15% in the Netherlands with over 10,000 tons; +14% in France with 22,250 tons and +9% in the U.K. with more than 33,000 tons.It also experienced tangible market share gains in the majority of countries, particularly in Ireland, Germany and France. These countries saw rises of 5, 1.5 and 0.8 points respectively.Thus, the category should begin the next season on a positive note, says Pink Lady Europe.The company adds that its Pinkids, the Pink Lady apple for children, continued its upward trajectory, up 20% compared to last season. This is mainly due to new product roll-outs in Germany, Spain, and Belgium, it explains. You might also be interested inlast_img read more


first_imgMTAVirtuoso In the lead-up to the 10th Anniversary of MTA becoming a Virtuoso member, MTA’s Karen and Roy Merricks and Virtuoso’s Matthew Upchurch and Michael Londregan recently got together at Sanctuary Cove to discuss ideas for a series of events to celebrate the milestone. “We don’t want to give too much away at this stage but there are some very special events being planned both here in Australia and at Virtuoso Travel Week taking place in Las Vegas next August,“ Mr Merricks said.“Our personal relationship with Matthew goes back a lot longer than 10 years, having connected with him via our Virgin Galactic links long before MTA became a Virtuoso member. It’s a similar story with Michael, who we have known for many years.”IMAGE:L-R: Virtuoso chairman and chief executive, Matthew Upchurch, MTA – Mobile Travel Agents co-managing directors Karen and Roy Merricks, and Virtuoso executive general manager Australia, New Zealand and Asia, Michael Londregan.last_img read more

New APT Concierge and Travelmarvel Companion apps

first_imgNew APT Concierge and Travelmarvel Companion apps combine essential travel features and functions in one easy to use application, and are free to download for Apple and Android devices. The apps are pre-loaded with each guest’s personalised travel information and tour itineraries and include travel tools such as detailed destinations maps that can be used without Wi-Fi connection when downloaded, currency converter, weather forecast, world time’s clock and budget tracking. The noticeboard function assists guests to interact with Tour Directors, by providing real-time updates during a tour. appsaptTravelmarvellast_img

Topdeck Travel has promoted Charles Knowlton to th

first_imgTopdeck Travel has promoted Charles Knowlton to the role of Global General Manager. Until recently, Knowlton was the General Manager Tour Operations North America, Australia and New Zealand, leading the team and setting a clear strategic path for operations in these destinations.“We’re extremely excited and proud to have Charles as part of our Global Leadership Team and look forward to his continued leadership and passion for the Topdeck brand, taking it to new heights,” said Global Managing Director Janine Salame.“I’ve had the pleasure of working with Charles since 2015, a truly humble, consistent and authentic leader who believes in the betterment of his people and their growth. Charles has earned respect and credibility at all levels of the business, and across the globe within the North America, UK, and Australian teams.Knowlton has had an impressive fifteen-year career in the travel and touring sector beginning his journey in 2004 as a Trip Leader, guiding customers through national parks across the US.In 2012 he relocated to London to become Topdeck’s Business Development Manager, was quickly promoted to International Sales Manager, and eventually took on a role as Brand Manager in 2013, where he played a pivotal role in launching Topdeck’s North America program.In 2016, Topdeck made the move to operate directly in North America and took Knowlton on the journey, appointing him as General Manager Tour Operations for the region. After two successful seasons managing in-market operations relationships, Knowlton became Topdeck’s General Manager Tour Operations for both North America and Australia/New Zealand. appointmentsTopdeck Travellast_img read more

Nevada officials reach out to Dbacks on potential

first_img Nevada officials reach out to D-backs on potential relocation D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ “Everybody wants to beat on the drum about a second receiver,” the head coach said, “but I think we’ve got some receivers that we’d like to see what they can do.”Of course, Whiz can’t see what players can do if they’re not on the field, and adding another wideout to the mix would decrease the amount of snaps available to any of the youngsters. That certainly won’t appease the crowd that wanted a player like Braylon Edwards, Malcom Floyd or Lee Evans, but it really comes down to how much you trust the head coach’s judgment.’s Craig Grialou contributed to this report Top Stories What an MLB source said about the D-backs’ trade haul for Greinkecenter_img Cardinals fans, it may be time to get used to the idea of hearing the names Larry Fitzgerald, Andre Roberts, Early Doucet, Chansi Stuckey, Stephen Williams and DeMarco Sampson, as they are likely to be the receivers catching passes from Cardinals quarterbacks this year. While many have been hoping to see the Cardinals acquire a veteran wideout to pair with Fitzgerald, Ken Whisenhunt has maintained his confidence in his young-but-unproven group. Comments   Share   Cardinals expect improving Murphy to contribute right awaylast_img read more

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo When the 2012 schedule was unveiled, the Arizona Cardinals probably didn’t circle their Week 7 matchup with the Minnesota Vikings as one of the tougher games they’d face during the first half of their season.But mired in a two-game losing streak and playing without starting quarterback Kevin Kolb – who will miss several weeks after having multiple ribs detached from his sternum, while also spraining the sternoclavicular joint in his chest in last Sunday’s 19-16 loss to Buffalo – the Cardinals head to Minnesota Sunday to face one of the big surprises in the NFL thus far in 2012, the 4-2 Minnesota Vikings. The former No. 12 overall pick has not been asked by Leslie Frazier to simply hand the ball off to star running back Adrian Peterson this season. In four of the team’s first six games, Ponder has thrown at least 35 attempts and at least two touchdowns.He also is more than capable of moving out of the pocket, rushing 19 times for 90 yards this season. His passer rating (92.4) is good for ninth in the NFL and indicative as to how much he has helped Minnesota go from projected door mats to serious contenders in a talent NFC North.Offense:Skelton and Ponder may be the focal point of Sunday’s game, but both teams have offenses that rely on their surrounding parts.Although they left a loser in Week 6, the Cardinals were pleasantly surprised by undrafted free agent William Powell against Buffalo. While he didn’t get the start, Powell gave Arizona a balanced offensive attack (36 passes to 30 runs) with 13 carries for 70 yards.The bright spots really end there though, because regardless of balanced play-calling, the Cardinals’ offense continues to struggle largely because of gaping holes along the offensive line.Tackles Bobby Massie and D’Anthony Baptiste currently are No. 1 and No. 2 in the NFL in most sacks allowed, and over the past three weeks as a team Arizona has surrendered 22 of them to the Dolphins, Bills and Rams. Kolb was injured on a broken play last Sunday, but even before leaving the game in the fourth quarter, he was getting bruised and battered by a previously underwhelming Bills’ pass rush.Larry Fitzgerald may be making a Minnesota homecoming Sunday, but if the offensive line doesn’t give Skelton time to use his powerful right arm, No. 11 is likely todisappoint friends and family in the Metrodome crowd.For the Vikings, Ponder has been a big story line, but the team’s stars have played like stars in 2012.After suffering an ACL injury against Washington in Week 16 last season, all-pro Adrian Peterson miraculously was back for the Vikings’ Week 1 over Jacksonville. While he hasn’t been in the end zone in five games, Peterson is just shy of 500 yards rushing on the year good for seventh in the NFL. Also, of note he has yet to lose a fumble this season – which has plagued him throughout his terrific career.Percy Harvin has been no slouch this season, either. The wideout out Florida already has 49 catches for 540 yards, and is weapon wherever the Vikings choose to put him on the field.Defense:When you’re losing, rarely do people pay attention to silver linings. But if there has been one during the Cardinals’ two-game losing streak, it’s undoubtedly been the defense. Allowing a combined 36 points in their last two games, Ray Horton’s squad has kept the team in both contests even when it probably didn’t deserve to be. Former Cardinals kicker Phil Dawson retires Prediction: Vikings 27, Cardinals 12 Derrick Hall satisfied with D-backs’ buying and sellingcenter_img If there has been a weakness for this unit in 2012, it’s been against the run. Ranked No. 19 in the league in rushing yards allowed, the Cardinals’ defense will have to clamp down against Peterson Sunday if they have any plans in keeping the team in the game for a third consecutive week. Leading the NFL in sacks helps, but if Peterson is able to run wild all day it won’t matter.Minnesota’s defense comes into Sunday’s game with Arizona pissed off to say the least. After giving up a season-high 38 points to Robert Griffin and the Redskins, they definitely plan to take it out on John Skelton. The question is will the Cardinals’ offensive line oblige like it has so willingly in recent weeks?The Vikings’ pass rush, led by perennial Pro Bowler Jared Allen, has been a middle of the pack bunch this season in terms of getting pressure on the quarterback. But you better believe they will be licking their chops inside the Metrodome, as they face off against a beleaguered line and a rusty quarterback.Sacks and pressures may come into play Sunday, but it’s the turnover battle that might ultimately decide the outcome.Outlook:The Vikings are not a perfect team by any means heading into Week 7, but the Cardinals have too much going against them to make me think this road matchup will help them buck recent trends. Playing in front of another raucous dome crowd, in a city they haven’t won since 1977, doesn’t help matters either. 0 Comments   Share   Grace expects Greinke trade to have emotional impact To make matters worse, Arizona has lost seven straight games in Minnesota dating back to 1977, and were pummeled by the Vikings to the tune of 34-10 in 2011.Quarterbacks:The Cardinals will start John Skelton for the first time since Week 1 against Seattle, although this time not on the basis of merit but rather injury,Skelton, who suffered a sprained ankle in the fourth quarter of Arizona’s 20-16 win over the Seahawks, looked every bit the part of a rusty quarterback after replacing Kolb late in last Sunday’s game against the Bills.While he did help lead the Cardinals down the field for a game-tying score and eventually found Larry Fitzgerald for 28 yards to set up a potential game-winning field goal, Skelton definitely wasn’t the same quarterback who won the starting job back in the preseason.The third-year quarterback out of Fordham completed just two passes on 10 attempts and misread coverage which led to an easy interception by the Bills’ Jairus Byrd in overtime.Ironically, neither Skelton nor Vikings’ starter Christian Ponder played in last year’s matchup, but Ponder is a big reason for Minnesota’s success in 2012. While his statistics won’t jump out at you – averaging 237 yards passing per game with a 2:1 touchdown to interception ration – Ponder has matured leaps and bounds since his up-and-down rookie season in 2011. Top Stories last_img read more

Teams get really concerned about losing a guy bec

first_img“Teams get really concerned about losing a guy because he’s gonna get suspended because he enters the league already in the substance abuse program,” Schlereth said. The 2015 NFL Draft starts Thursday in Chicago. Former Cardinals kicker Phil Dawson retires “Randy Gregory is in the Marijuana program, and once you are in the program, you are tested highly and consistently,” ESPN anlayst Mark Schlereth told Bickley and Marotta on Arizona Sports 98.7FM. “That is the big issue and reason why he slips and (Jameis) Winston doesn’t. Gregory will be a good player, but maybe not a great character guy.”Last week, Cardinals’ GM Steve Keim weighed in on the risk players like Gregory pose.“It’s tough. When you see a guy with a tremendous amount of talent but he’s got off-field issues, you’re thinking to yourself, ‘what kind of kid really is he?’” Keim said. “But, at the end of the day, you realize through years of experience that guys either don’t make it because they have off-field issues, they have injuries, they can’t learn it or they don’t love it enough. Those are really to me the four principles of why guys don’t make it. You look at players and you say, ‘is he a complete player? Does he play hard? Does he play smart? Does he play physical?’ If you can check the boxes there, I think you have a chance.” On the flipside there’s always the chance things go south. Take Cleveland Browns receiver Josh Gordon, for example. One of the most talented receivers in the NFL, he only played in five games last season and is currently suspended for the 2015 season due to violating the league’s substance abuse policy. Derrick Hall satisfied with D-backs’ buying and selling LISTEN: Mark Schlereth, ESPN NFL analyst If Nebraska’s Randy Gregory falls to the Arizona Cardinals at number 24 on Thursday it won’t be because of anything he has done on the field. Gregory ranks ninth on Nebraska’s all-time sack list with 17.5, which he accumulated in only two seasons. As a junior in 2014, Gregory was named 2014 second-team All-American (FWAA) and first-team All-Big Ten (Media, Coaches).But after testing positive for marijuana at the NFL Scouting Combine in February his stock has taken a hit. Top Stories Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Your browser does not support the audio element. Grace expects Greinke trade to have emotional impactlast_img read more

Not many people envisioned the Cardinals only havi

first_imgNot many people envisioned the Cardinals only having four wins through the first 11 weeks of the season, but that’s where they currently stand. Arizona is currently three games behind the Seattle Seahawks in the NFC West and is two games out of the Wild Card hunt with six games remaining. General manager Steve Keim talked about the disappointing season and what he saw against the Vikings when he joined Doug and Wolf on Arizona Sports 98.7 FM on Monday.When you look at the Arizona Cardinals vs. the Minnesota Vikings, what do you see?“Broken record. Another game where statistically you look at the sheet and it says one thing and the loss column tells you another. And it’s getting old and we’ve got to fix that and that comes down to making plays, minimizing mistakes, particularly mental mistakes, and stepping up when it’s time to make that play in the game from your playmakers, the guys who you’re counting on, and we haven’t done that and that’s no secret.”What has been the biggest issue for not being able to win games?“It’s hard for me to put my finger on it, but you get something going and again like yesterday, I felt like we just kept trying to play catch up. We got into a situation where we started to run the ball really well, I thought David (Johnson) got into a groove and then explosive plays hurt us. Being in the red zone and throwing an interception for a 100-yard touchdown and then obviously the start of the third quarter with the kickoff return for a touchdown. Again you keep getting put in a hole. We did a nice job in the third and fourth quarter taking away the run and then in passing situations we were down to our third guard and they started running a lot of games and stunts and we had a lot of trouble picking those up.” LISTEN: Steve Keim, Cardinals general manager Is there something wrong with John Brown?“Well he’s a guy who’s got all the ability in the world, I mean we know from the past that he’s been a playmaker for us. So hopefully John can step up and make the plays when they’re out there. Guys like John and Michael Floyd, guys who’ve been critical pieces to our offense in the past, you know unfortunately Michael was dealing with an illness yesterday. He got sick and he was trying to play through that, which showed a lot to me about his mental and physical toughness. But there’s no doubt, it comes down to making plays in this game and we just haven’t made enough of them.”Were there effort issues with Floyd on Sunday?“No I mean listen, when I got (to U.S. Bank Stadium) in the morning he was with our trainers and I know he’d been up most of the night. So I’ll give Michael a pass on how he was feeling yesterday, because he really did battle through it.” Cardinals GM Steve Keim watches training camp Aug. 2. (Photo by Adam Green/Arizona Sports) What is the biggest issue with special teams?“You know I think it’s playing with cohesiveness, and when I watched the return yesterday it comes down to the guys running down field and having the will to make a play. Wolf knows this better than anybody, half the special teams is the mentality and the effort that you put forth. There were three or four guys that got caved on that play and they got to stay in their lanes and stay physical at the point of attack and they didn’t.”How did Carson Palmer play?“I think it takes 11 men for a quarterback to play well. There were times where guys weren’t getting open and separating in the passing game, there were times where the protection wasn’t good. So it was hard for him to get in a rhythm, but he did make some excellent throws as he always does, but again, he made some critical mistakes as well and we got to try and get that cleaned up. We got a huge game ahead of us with Atlanta who obviously has an explosive offense and it’s going to be a big test for us in a road game away.”What can a general manager do after the trade deadline to try and turn it around?“When you’re in a leadership position it’s several things. No. 1, it’s the motto I’ve had since the day I was hired here 19 years ago, and that’s be a part of the solution not part of the problem and you have to be a positive leader and you have to continue to try to instill that in your organization from owner to GM to head coach. And these are the tough times, this is when you face adversity, no one anticipated this start but we’ve got to continue to battle, nobody’s going to throw the white flag in. There are times when you got to bring in players and shuffle the back end of your roster and see if you can find some guys, particularly on special teams who can run down the field and make plays.” Derrick Hall satisfied with D-backs’ buying and selling What happened to Earl Watford?“He had some stingers, so he was dealing with those issues and so we had to bring in, again, a guy who came off the street a few weeks ago. And (he) didn’t play terrible, there was just things when they started running those games and stunts as you know Wolf, you got to be on the same page as the player beside you and that lack of experience showed up.”Will Watford miss any time?“No, I have no clue yet. We’ll find out the next couple days.”Is leadership on this team a strength or a weakness?“I think we have a core of leaders in the locker room. There are certain guys, you know like a Tyrann Mathieu who is a leader for us, who’s injured right now. It’s hard for him to be out on the field and be a leader, but I still think we have a core of guys that love it and care like Larry (Fitzgerald) and Carson (Palmer) and Calais (Campbell) and Frostee Rucker, so it hurts these guys and I know that. The effort hasn’t been the problem, it’s more about execution and playing smart and that’s been a reoccurring theme, like I said, which is the more frustrating point.”Do you expect Mathieu to be ready for Atlanta?  Former Cardinals kicker Phil Dawson retires ErrorOK ErrorOKWhere is your level of frustration right now?“Wow, a 10. There’s nothing I care more about with this organization than winning and putting a product on the field for our fans to be proud of, and we haven’t done that this year. Missed opportunities is certainly the thing I would say is the thing I would think about this season so far, and that’s the fine line and the difference between winning and losing in the NFL and we got to continue to keep working and the season is not over. I know that’s not what fans and the people that are supporting us want to hear, but we’re certainly not going to quit.”Do you look back when trying to identify the problem with the season?“No, we’re self-evaluating every day and again, that’s both on the coaching side, from the schematical standpoint and the personnel side on the decisions we’ve made on this end. It’s one of those things that it’s a tough business, but that’s what we get paid for, is to produce, and we’ve let our fans down, especially when our expectations were so high. But like I said, the one thing is is that I think we have a great organizational structure in place to withstand this and to move forward to continue to put a product on the field that our fans are proud of.” – / 22 0 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo The Arizona Cardinals’ playoff aspirations took a shot on Sunday as they lost to the Minnesota Vikings 30-24.In a game where David Johnson had 160 total yards (103 rushing, 57 receiving) and two touchdowns for his 10th consecutive game with at least 100 yards from scrimmage, it was not enough to get a critical win.A couple of costly turnovers and poor special teams play nipped the Cardinals during the game. In the end though when the Cards had an opportunity, the offensive line buckled and couldn’t protect Carson Palmer on their final two drives, thwarting any hopes of a comeback. The game’s last meaningful play fittingly ended on a 15-yard sack from defensive end Danielle Hunter. Top Stories Your browser does not support the audio element. “You know I thought he was close last week, and then just didn’t feel 100 percent confident in the shoulder at that time so, I think moving forward I think there’s a good chance. You never can tell with injuries like that, but again, knowing Tyrann, if anybody’s going to be out there with that type of injury it’ll be him.”Bruce Arians dismissed the notion of the special teams woes being coach Amos Jones’ fault. How do you evaluate that it’s a player issue and not a coaching issue?“Well we’ll certainly sit down and discuss that stuff after the season. But the thing that, again, is the reoccurring theme is not just special teams but offensively and defensively we’ve played extremely inconsistent. And really at the end of the day it comes down to the 53 men in the locker room. I can tell you, I’m out at practice every day and I can hear the way our staff coaches these young men up, and at some point in time it comes down to those guys executing and doing the right things on the field. And again, I take ownership in that as well, because these are the players I supplied to our coaching staff. So it starts at the top and it’s certainly something we all have to look in the mirror and it starts with me.” Grace expects Greinke trade to have emotional impactlast_img read more