Air India begins operating special Haj flights to Jeddah

first_imgAir India Ltd plans to operate 230 special Haj flights to Jeddah from seven cities – Delhi, Srinagar, Mumbai, Kochi, Hyderabad, Panaji and Nagpur this year.These flights are set to be operated in two phases, with the first phase already underway, and would fly a total of 38,000 Hajjis directly to Jeddah.In the first phase of outbound flights from India to Jeddah, a total of 115 special flights from these seven cities would be operated and will continue till September 17.In the return phase, another 115 flights would be operated to bring back the Haj pilgrims and such flights will continue in operations till October 28.Air India has deployed 340-seater B777-300ER planes to fly the pilgrims to and from Jeddah, adding that it is offering exclusive pre-boarding facilities besides providing special meals to all the pilgrims. The airline has also set up a dedicated team to provide all assistance to the pilgrims.Air India also announced that they are providing an enhanced free check-in baggage allowance of 25 kg for passengers travelling in the Economy Class in the domestic sectors. All other airlines offer 15 kg free baggage.This offer is valid from August 12, 2015 to February 7, 2016, across all fare levels of Economy Class. Passengers who have booked before August 12, 2015, will also get the benefit of the increased allowance. Passengers travelling on Alliance Air flights and connecting to Air India flights and vice versa would also be eligible for this offer.last_img read more

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Garuda Indonesias DelhiBali direct flight expected to take off by this year

first_imgTo travel to Indonesia, Indians have to depend on carriers like Thai Airways, Singapore Airlines, Air Asia, Cathay Pacific, Malaysian Airlines and others for connecting flights via Singapore, Bangkok, Kuala Lumpur, Hong Kong etc. There is still no direct flight connectivity.“Indonesia is competing with other Asian countries to attract more Indian tourists and we are not much behind. We know our accessibility is not as perfect as countries like Thailand etc. Certainly direct flight connectivity is a big obstacle towards getting more tourists to Indonesia. But we expect Garuda Indonesia to start operating between New Delhi and Denpasar Bali before the end of this year. This direct connectivity will not only reduce flying time but will also come cheaper. It could be five times a week or something like that in the beginning and later may be converted to a daily flight,” said Assistant Deputy Director of Indonesia Tourism, Dody Prianto.The Indonesian Ministry of Tourism, as part of its marketing plan organised ‘Sales Mission India 2016’ in Kolkata and Ahmedabad to promote Wonderful Indonesia to lure more tourists from India.In Kolkata, the roadshow took place at Park Hotel while in Ahmedabad the venue was Hyatt Regency Hotel. The main aim was to get together the Indonesian and Indian travel partners under one roof for better business association.Deputy Tourism Minister for Overseas Promotion I Gde Pitana had said that this sales mission is the continuation of the previous sales mission held in Hyderabad, New Delhi, Chennai and Mumbai during the first half of the year. He hoped this event will also add positive impact and further increase the Indian footfall in Indonesia.Tourism Minister of Indonesia, Arief Yahya has recently said that India is one of the potential markets Indonesia has been targeting for, to lure more foreign tourists. “The number of Indian tourists holidaying in Indonesia has kept increasing over the past six years,” he was quoted.The Indonesian Ministry of Tourism noted that the number of Indian tourists’ arrival to Indonesia from January to June 2016 was recorded at 185,911 with a growth rate of 28.25% amid the negative growth of foreign tourists from other countries due to global economic slowdown. Compared to the same period in 2015, the number of Indian tourist arrivals in Indonesia was recorded at 145,734.The event facilitated around 18 Indonesian sellers and Indian buyers from both the cities to meet and transact on various Indonesian tourism products.last_img read more

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Housing Market Index Highest in Nearly Five Years NAHB

first_imgHousing Market Index Highest in Nearly Five Years: NAHB The “”National Home Builders Association””:http://www.nahb.org/ (NAHB) released a housing market index that improved to 29 in February, its highest level since May 2007, with all three of the components showing new strength.[IMAGE]The trade group said that it was the fifth consecutive monthly increase, the longest stretch of consecutive monthly increases since April- October 1995.The current conditions index rose to 30, a five-point jump, the largest month-over-month gain since April 2010. The forecast component, assessing conditions six months out, also increased by five points to 34, doubling in just five months. The index of buyer traffic to showrooms and model homes rose just one point to 22, also double where it stood last September.The overall index is more than twice the level of 14 last September.[COLUMN_BREAK]The index, built based on surveys conducted jointly by the NAHB and Wells Fargo, gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “”good,”” “”fair”” or “”poor.”” The survey also asks builders to rate traffic of prospective buyers as “”high to very high,”” “”average”” or “”low to very low.””Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.Despite the February increase and the string of higher values, the index remained below the “”break-even”” level of 50 for the 70th consecutive month.NAHB Chief Economist David Crowe appropriately acknowledged the index “”is still very low, and several factors continue to constrain the market.”” He cited foreclosures as “”still competing with new home sales,”” adding “”many builders are seeing appraisals come in at less than the cost of construction.”” At the same time, he said, “”prospective home buyers are finding it difficult to qualify for a mortgage.””Indeed, despite the month-month increases in the overall index and particularly the traffic component, new home sales have not matched the trend, in fact falling month-month in the last report.While the HMI has doubled since September, new home sales have barely budged, last reported at a seasonally adjusted annual rate of 307,000 compared with an SAAR of 302,000 in September. in Data, Origination, Secondary Market, Servicing February 15, 2012 405 Views center_img Agents & Brokers Confidence Investors Lenders & Servicers National Association of Home Builders Processing Service Providers 2012-02-15 Mark Lieberman Sharelast_img read more

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LRES Highlights 2012 Achievements

first_img in Data, Government, Origination, Secondary Market, Servicing This year has been good to California’s “”LRES””:http://www.lres.com/, a national provider of commercial and residential valuations and asset management. According to a release, 2012 has seen the company’s revenue grow by 35 percent.[IMAGE][COLUMN_BREAK]LRES is also poised to extend its annual growth by 20 percent in 2013 through property management expansion, the company announced.That’s not all–LRES’ staff has grown beyond 100 associates in three states, and the firm added a new chief investment officer and hired three senior directors in operations, sales, and technology, as well as three associate network and programmers within the technology department. A new commercial sales director has also joined the staff.””In 2012, LRES was able to achieve record growth due to the stability and integrity of its qualified management team and its competitive business practices,”” said LRES CEO Roger Beane. “”We look forward to growing our business units and continuing to offer end-to-end customized solutions and managed business processes that limit loss severity and maximize return on investment for our clients in the loan origination and default housing markets.”” December 11, 2012 401 Views Sharecenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-12-11 Tory Barringer LRES Highlights 2012 Achievementslast_img read more

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Fitch QM Definition Good for Jumbo Prime Market

first_img Now that the industry has its long-awaited ├â┬ó├óÔÇÜ┬¼├àÔÇ£qualified mortgage├â┬ó├óÔÇÜ┬¼├é┬Ø (QM) definition, “”Fitch Ratings””:http://www.fitchratings.com/web/en/dynamic/fitch-home.jsp believes jumbo prime securities are poised to see a jump start.[IMAGE]After leaving housing professionals in suspense for months, the “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ (CFPB) finally “”released in early January””:https://themreport.com/articles/cfpb-releases-qualified-mortgage-criteria-establishes-legal-protections-2013-01-10 its rules for what constitutes a QM. The guidelines are designed to spur the creation of safe, affordable mortgages by prohibiting certain practices (such as riskier interest-only or negative amortization loans) and setting up criteria for ascertaining a borrower’s ability to repay. The rules also establish legal “”safe harbors”” (based on loan risk) for creditors who responsibly lend, protecting all parties involved in the mortgage process.While many analysts anticipate a kick start in lending and securitization now that the rules are clear, Fitch asserts most of the underwriting guidelines suggested have already been put into practice since the financial crisis, even if the criteria weren’t standardized across the industry.[COLUMN_BREAK]However, the ratings agency sees the QM definition as a boon for the jumbo prime market.””Fitch believes the qualified mortgage definition is positive for the jumbo prime residential mortgage market, as it removes the uncertainty that has paralyzed mortgage lending for the past few years and is an encouraging step in easing credit for traditional prime borrowers,”” Fitch said in a release. “”Further, finalizing the rule on QM will help advance the determination of a qualified residential mortgage (QRM), an additional constructive step in re-starting the jumbo securitization market.””Additionally, because the QRM definition for exemption is linked to that of the finalized QM rules, Fitch believes the debt-to-income (DTI) requirement (which is 43 percent for a QM) is now clear, removing another concern for residential mortgage securitizers.””The 43 percent DTI threshold casts a wide net for qualifying jumbo prime and possibly strong alt-A credit quality borrowers. Roughly 83 percent of the loans comprising recent securitizations would likely comply with the QM standard. The ruling is likely to have the biggest impact on securitizations of interest-only and higher DTI loans associated with the more affluent borrowers,”” Fitch said.However, there is one unknown variable: the down payment requirement, which has not yet been addressed by regulators. Fitch believes the finalization of the QRM hinges on that definition, which is expected this year.””Ultimately, the re-start of private label securitization market will depend on this definition and clarity on risk retention rules, the application of Basel III and other liquidity rules, and a decision on agency guarantee fees,”” Fitch concluded. Fitch: QM Definition Good for Jumbo Prime Market in Data, Origination, Secondary Market Agents & Brokers Attorneys & Title Companies Compliance Fitch Ratings Investors Lenders & Servicers Mortgage-Backed Securities Regulation RMBS Service Providers 2013-01-21 Tory Barringercenter_img January 21, 2013 440 Views Sharelast_img read more

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Acopia to Publish Lending Libraries with AllRegs

first_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-09-13 Tory Barringer Tennessee’s “”Acopia Home Loans””:http://www.acopiahomeloans.com/index.php announced the publishing of its lending library through “”AllRegs””:http://www.allregs.com/.[IMAGE]From this point, Acopia will leverage AllReg’s technology platform and publishing expertise to manage and maintain its underwriting guides. Users will be able to take advantage of a variety of productivity tools, including an electronic “”Table of Contents”” tree with links to guidelines, a robust search engine that features a thesaurus with industry jargon, and relative matching results.Internal Acopia staff and business partners will be able to check content online, giving them access to product descriptions and matrices, credit policy, representations and warranties, and more. The Acopia Lending Libraries also feature a “”Recent Updates”” section and email alerts to quickly notify users of changes to content.””Our proprietary AllRegs publishing system provides a robust resource for delivering content and searching mortgage guidelines,”” said Dan Thoms, EVP of AllRegs. “”We at AllRegs are very excited to help Acopia provide their staff and business partners with a resource that will streamline their business processes and increase productivity.””””Acopia is very excited to offer our Underwriting and Seller guides to staff and business partners using the AllRegs Lending Libraries,”” said Scott Dunn, VP of compliance and quality assurance for Acopia. “”The breadth of information available and the ease of navigation will allow for immediate, up-to-date information and promote efficiencies across our business channels. As AllRegs is an industry leading information provider, the partnership with AllRegs was an easy decision to make.”” in Data, Government, Origination, Secondary Market, Servicing, Technology Acopia to Publish Lending Libraries with AllRegscenter_img September 13, 2013 493 Views Sharelast_img read more

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Delinquencies Down Down Down

first_img August 1, 2017 614 Views Serious delinquency rates are down for both Fannie Mae and Freddie Mac, according to the two Enterprises’ most recent summary reports. In June, Fannie’s serious delinquency rate dropped three basis points—down to 1.01 percent—while Freddie’s rate fell to 0.85 percent—its lowest point since 2008.Overall, Fannie Mae’s book of business has increased 2.9 percent over the year. Its mortgage portfolio balance ticked up nearly $10 million, clocking in at $316 billion by the end of June. The GSE completed 7,587 loan modifications for the month.Freddie’s guarantee portfolio experienced solid growth as well, rising 6 percent for the year, while its total investments portfolio and mortgage-related investments portfolio dropped, declining 11 percent and 12 percent from June 2016, respectively.Of its total guarantee portfolio, 75 percent is comprised of mortgage loans, marking an increased share of 6 percentage points from one year prior. Purchase volume is down, however, dropping 20 percent in the last 12 months due to declining refinance activity.Donald H. Layton, CEO of Freddie Mac, said he is proud of the work his team is doing—and the success Freddie has had in improving the nation’s housing finance system.“Our continued very solid financial results and strong business fundamentals reflect the company’s transformation into a well-run commercial enterprise,” Layton said. “This transformation is enabling us to better deliver on the mission that is our purpose—to provide liquidity, stability, and affordability to the American primary mortgage market. We’re doing that by helping lenders of all sizes compete which, in turn, expands affordable housing opportunities for borrowers and renters nationwide.”Freddie’s recent focus on transferring credit risk has also helped the Enterprise better serve American homebuyers, Layton said.“Through our award-winning credit risk transfer programs, we’re fulfilling our mission with much less risk to taxpayers than in the past.The GSE has transferred risk on $105 billion in loans to date, accounting for about 33 percent of its total outstanding single-family guarantee portfolio—a seven percentage point jump from June 2016.See the full reports at FannieMae.com and FreddieMac.com. in Daily Dose, Government, Headlines Sharecenter_img Delinquency Rates Fannie Mae Freddie Mac HOUSING mortgage 2017-08-01 Aly J. Yale Delinquencies Down, Down, Downlast_img read more

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RoundPoint Creating 1000 New Jobs in Q3 2019

first_img 2018-05-25 Kristina Brewer RoundPoint Mortgage Servicing Corporation, a fully-licensed agency and non-agency subservicer of residential mortgages, has announced that it is relocating its headquarters to York County, South Carolina. The company’s $34 million investment is projected to create 1,100 new jobs.Located at 2280 Deerfield Drive in Fort Mill, South Carolina, RoundPoint’s new headquarters is expected to be operational by the third quarter of 2019, with hirings beginning around the same period. The Coordinating Council for Economic Development approved job development credits for this project, as well as a $500,000 Set Aside grant to York County to assist with the costs of site preparation and building construction.“When a company chooses to invest in our state and create jobs for our people, it shows that Team South Carolina’s efforts to create opportunities for our people are paying off,” South Carolina Gov. Henry McMaster said. “I congratulate RoundPoint Mortgage Servicing Corporation on its decision to build its corporate headquarters here and I’m honored to welcome them to the South Carolina business community.”Founded in 2007, RoundPoint is a fully licensed agency and non-agency subservicer for commercial banks, credit unions, mortgage companies, and hedge funds. The company currently services more than $75 billion of mortgage assets, which are comprised of its own assets and loans subserviced for many other types of investors worldwide. Licensed in all 50 states, RoundPoint is publicly rated by Fitch Ratings, Standard & Poor’s and Kroll Bond Rating Agency.“We are very appreciative of the opportunity to move our headquarters to South Carolina and are especially grateful to Governor Henry McMaster, Secretary Robert M. Hitt III and the South Carolina Department of Commerce for working so closely with us to make this move possible,” Kevin Brungardt, CEO of RoundPoint Mortgage Servicing Corporation said. “Establishing our new headquarters here is an important part of our vision and growth plan as we add new employees to transform our business and achieve our aggressive business goals. It’s an exciting time for our organization, and I want to express my personal thanks to our employees who are the lifeblood of our company and the chief reason for our continued success.” Share RoundPoint Creating 1,000+ New Jobs in Q3 2019center_img May 25, 2018 496 Views in Headlines, journal, News, Servicinglast_img read more

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Australia New project will boost capability to de

first_img Australia: New project will boost capability to de … The company’s share price fell AUD$7.37 to AUD$4.51 over the course of Thursday’s trade.”If current trading conditions continue, this, together with short term slippage of the commissioning of the Monarto mushroom facility upgrade in South Australia and the previously announced additional costs from investments such as African Blue, is expected to result in largely flat growth for the twelve month NPAT-S to the end of June 2019 compared to the prior year,” it said.”This compares to our previous forecast of low double digit growth for that period.”It added that it does not view the immediate issues as structural and regards the conditions as a cyclic situation. It also noted that ongoing growth plans across the categories continue to track well. You might also be interested in January 11 , 2019 Aussie produce industry sets ambitious goals for s … center_img The share price of Australia-based Costa Group fell by 39% on Thursday after the company said that sales of some commodities over recent weeks have been lower than forecast.It told investors to expect “largely flat growth” in net profit after tax for the 12 months ended June 2019 due to “subdued demand” for tomatoes, berries and avocados in December and January.”This patchy demand has been reflected in reduced pricing for a number of product lines. The citrus ‘off season’ which reflects the biennial nature of this crop also finished earlier than expected,” it said. Australia: Costa Group upbeat for 2019 despite pro … Australia expecting best quality almond crop in a …last_img read more

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Points per game 177 236

first_imgPoints per game17.723.6 Rushing yards per game89.3176.6 Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo CARDINALS VS 49ERS Tight end Vernon Davis, quite simply, is a mismatch for everyone. At 6-foot-3 and 250 pounds with excellent speed, Davis can really break a defense down. He’s caught 23 passes for 340 yards and four touchdowns this season, though he was held without a catch last week against Seattle, which ended a streak of games-with-a-reception at 58.Helping Davis in the passing game are receivers Michael Crabtree (34 receptions, 368 yards, 1 TD), Mario Manningham (24 receptions, 258 yards, 1 TD), Randy Moss (12 receptions, 188 yards, 1 TD) and Kyle Williams (nine receptions, 124 yards, 1 TD). Gore also gets in on the act in the receiving game. One other wrinkle the 49ers have unveiled is quarterback Colin Kaepernick as part of a “Wildcat” look. More adept at running than passing, Kaepernick has scored twice this season and is averaging 8.5 yards per carry. CategoryCardinals49ers Passing yards per game204.1199.9 Total yards per game293.4376.4 When Cardinals have the ball: Total yards per game against312.1272.37center_img Passing yards per game against191.3173.4 0 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling But really, it all comes down to how the offensive line protects — if the offensive line protects.Cardinals quarterbacks have been sacked 35 times on the season, and thought he 49ers have struggled to get after passers this season, tallying just 11 sacks. However, Aldon Smith (5.5 sacks) and Ahmad Brooks (3.0 sacks) can wreak some havoc, and it would be unwise to sleep on Patrick Willis, even though he has not recorded a sack this season.When the 49ers have the ball: The 49ers gained a reputation last season for being a smashmouth type of football team. They’d run the ball down your throats and only pass when necessary. Not much has changed, really.The offense is still centered around running back Frank Gore, who has run for 601 yards and four touchdowns this season. His average of 5.8 yards per carry is the best mark of his career. He has not topped the 100-yard mark against the Cardinals since 2009, though, so the visitors may have to take a different approach Monday night.That would, in turn, put the ball in quarterback Alex Smith’s hands. The former number one pick is completing nearly 67 percent of his passes and is averaging 7.5 yards per attempt on the year. He’s thrown nine touchdowns against just five interceptions. However, he’s averaging just a shade under 190 yards per game, as the 49ers would very much prefer to limit his attempts. What’s funny about that is the team actually has some excellent weapons in the receiving game. Rushing yards per game against120.998.9 Top Stories Bad things usually happen.We kid. Sort of.The Cardinals have had their issues with San Francisco’s defense, and will likely try to establish the run again with LaRod Stephens-Howling. ‘Hyphen’ had a career day last week against the Minnesota Vikings, rushing for 104 yards and a touchdown. He also caught four passes for 45 yards, and presents a dynamic option out of the backfield for Arizona. After (and maybe before) Stephens-Howling, Arizona’s best offensive weapon is receiver Larry Fitzgerald. The Cardinals have been unable to consistently get him the ball, though the Niners do not exactly have stud corners to throw his way. Carlos Rogers (20 tackles, 0 interceptions) and Tarell Brown (27 tackles, 0 interceptions) have the size, but if Cardinals QB John Skelton has enough time he should be able to find Fitz down the field. Besides Fitzgerald, Andre Roberts (29 receptions, 389 yards, 5 TD) has emerged as a consistent threat, and tight end Rob Housler has come on strong the last three games, tallying 10 receptions for 111 yards. He has yet to reach the end zone, but he has been getting open and may be key for the Cardinals if they want to move the ball Monday night. Points against16.914.3 Grace expects Greinke trade to have emotional impactlast_img read more

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