Former Arizona Rep. Don Shooter shows health improvement Top Stories Milstead says best way to stop wrong-way incidents is driving sober Comments Share Clean energy: Why it matters for Arizona Sponsored Stories 4 sleep positions for men and what they mean Ex-FBI agent details raid on Phoenix body donation facility On Wednesday, an armed man tried to set fire to a United Nations vehicle in front of the residence of several military personnel for the mission in Bamako, in the south, said a statement from the U.N. mission in Mali.“Before running away, the attacker shot the guard who was injured, as well as the cars in front of the house,” causing property damage, it said. The guard is being treated in a hospital. Police are conducting an investigation into the incident, and de-mining units from the U.N. mission were called to neutralize two unexploded grenades found at the site, it said.___Jamey Keaten and Elaine Ganley in Paris contributed to this report.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. New Valley school lets students pick career-path academies Parents, stop beating yourself up BAMAKO, Mali (AP) — French special forces killed a top chief of al-Qaida’s affiliate in northern Mali who was suspected in high-profile killings and hostage-takings against French citizens, officials said Wednesday.Amada Ag Hama, whose nom de guerre was “Abdelkrim the Tuareg” was killed in the operation early Monday, the French Defense Ministry said. Ibrahim Ag Inawalen, a leader with the Islamist group Ansar Dine who is also known by the name “Bana” was also killed, it said. The statement provided no details about the operation.French Foreign Minister Laurent Fabius said that Abdelkrim the Toureg was implicated in at least three operations against the French, including as lead suspect in the November 2013 killings of two journalists with Radio France International. The Malian was also implicated in the 2010 killing of French aid worker Michel Germaneau, and in the 2010 capture of four French people in the uranium mining town of Arlit, Niger.“One should keep in mind that France has a long memory,” Fabius said in Paris, addressing a group at the Institute of International and Strategic Relations.Tuareg rebel groups seized control of northern Mali in early 2012, but shortly after al-Qaida-linked Islamic militants streamed in from their base in Algeria and won control of the area with the aim of imposing Sharia law in the country.French forces led a military operation in January 2013 that pushed the extremists out of the cities and towns they had controlled and scattered them across a vast area of northeastern Mali. The top al-Qaida leader in Mali, Abou Zeid, was among the scores of Islamists who were killed.France withdrew its intervention force but now has about 1,200 troops in northeastern Mali as part of a five-nation counterterrorism operation.
The folk behind the world’s fifth most popular web property, Wikipedia, are said to be pondering the creation of a Wikipedia-inspired travel guide, likely to compete with TripAdvisor and guidebook publishers across the globe.A Wikimedia spokesperson told e-Travel Blackboard that while the project has been “in discussion over the last month”, the Wikimedia Foundation’s Board of Directors has yet to sign off on full implementation of the project.“The conversation is still unfolding,” they said, adding that the board will likely make a decision in six weeks.The as-yet unnamed travel guide is likely to be free of advertisements – as opposed to supposed travel wiki leader, Wikitravel, whose ads and lack of development is said to have deterred contributors and travelers alike, Skift.com reported.Given that Wikipedia is often found amongst the top offerings in search engine results, many are questioning the impact the travel guide will have on the current market.According to Skift.com, guidebook publishers are monitoring developments, but feel the best guidebooks aren’t going anywhere.Fellow user-generated site TripAdvisor is often attacked for questionable posts submitted by subjective parties.Wikipedia’s goal is at once simple and complicated: “Imagine a world in which every single human being can freely share in the sum of all knowledge. That’s our commitment.” How this will play in the world of travel is yet to be seen. The Wikimedia Foundation is “at least following the conversation” regarding the wiki travel project, a spokesperson told e-Travel Blackboard. Source = e-Travel Blackboard: G.A
Source = email@example.com ….. Ask Penny Hall who is stepping outside of her travel experience to run her own signature eventsA great part of my job is I get to meet brand-new consultants to the chairman of the board of one of Australia’s largest travel companies.Travel Manager Penny Hall stand’s out for different reasons. Penny has been immersed in great personal and emotional adversity yet has blossomed to share her experience and new found strength and energy.When I met her in 2016, she had tentatively ventured onto the speaking circuit with the desire to one day run her own event. Her message?“…. hope, happiness and love….. support that we can all take that first step to stand up and speak out. With loving people around us we can all combat life’s challenges with a promise to ourselves of “self freedom”.”On March 25, 2017, Penelope Jay is launching her first signature gig “Making Bloody Good Life Choices”.Whey not check out Penny’s first signature event?Part-time travel agent part-time motivational speaker… How do the two come together? Penny says“A Travel Agent seeks experience, knowledge of the world and human connections that fall into the happy memory bank of “awesome travel experiences”.“An Inspirational Speaker seeks “same same, but different” context of knowledge and experience whilst true connection with as many people as possible, also across many lands. It’s a dream come true working with my two passions – Travel and people. ““Making bloody good life choices” is a great name – why do we make bad choices?“I prefer “life lessons” over “bad choices” and believe until we accept and take action, that continuing “lesson” will remain as such and be a true thorn. This is where and when I began to learn “Change nothing, Nothing changes”.“So if this lesson does not work, does not serve my own purpose or life, I have learned to move on – no hard feelings, no holding onto what I used to see as “failure”, no pointing the finger at anyone else. Just process and move on out, because “nothing to see here anymore”.In this context “process” is an empowering concept. “The only mistake we make is the one we don’t learn from” is the precursor to processing the data, learning the lesson and taking the new found wisdom forward.Pretty heavy stuff. But there is a deep connection with travel.Consider those moments that “fall into that happy memory bank” of awesome travel experiences. Awesome life experiences. Travel is experiential and therapeutic and is therefore “good” for us. Remember the old adage of “going on a break”. It can reset us and get us out of a rut, or as Penny refers to, being “stuck in life” or “being on pause”.“Stuck in life”, or in a “rut”, in a “pickle” or in the “poo” isn’t the most favourable of destinations at all. It’s like being on pause whilst you get your act together, locate a life purpose and ponder “why am I here?”.“You hear talk of the “good old days”; the simplicity of life has been lost in technology, TV and that we are in a hurry to get somewhere. But where? Where are we going? What’s the hurry?”Of course a holiday is a ticket to emotional enrichment. We will be digging into emotional enrichment next week with Penny.roomsXML and ETB News are proud sponsors of “Making Bloody Good Life Choices – A PJ Live Gig”.For more information, click here learn more about roomsXML.com here
Norwegian Cruise Line brings freedom and flexibility to fallNorwegian Cruise Line brings freedom and flexibility to fallWith a chill in the air, Norwegian Cruise Line is inviting guests to breeze on through a plethora of offers. From now until October 31st, travelers have the opportunity to choose from an array of options when they book a new cruise vacation, offering even more value to those looking for a warm escape from the winter rumble or cultural adventure through the holidays.· Now through October 9, guests can take advantage of the Spectacular Splash Sale and receive up to $1000 in free onboard spending* on 2017 Caribbean cruises. Now until October 9, Norwegian’s Super Splash Sale is offering guests the chance to receive up to $500 in free onboard spending* on select 2017 and 2018 sailings. These two incredible promotions arecombinable with Free at Sea and guests partaking in Super Splash will be able to benefit from $50 deposits.· Norwegian’s Distinctive Voyages will be extended through November 30, providing cruisers the opportunity to sail to their dream destinations. On select nine-day or longer cruises, guests will receive five distinct offers: 120 minute phone call package, 250 minute Internet package, $50 USD credit per port shore excursion, up to $200 USD in air credit and $100 USD hotel credit.**· Norwegian’s Havana Nights offers cruisers who want to explore the culture and history of Cuba $50 in free onboard spending money*** when they book a new all-inclusive cruise to Cuba on Norwegian Sky from Miami or Norwegian Sun from Port Canaveral now through October 31.· Norwegian’s Holiday Bonus Bundle, available now through October 31, offers $100 of onboard credit*** on select holiday sailings over the Thanksgiving, Christmas and New Year’s holidays, allowing guests to give their loved ones the gift of an ultimate cruise vacation.· Norwegian’s popular Free at Sea promotion will be extended through October 31. This signature value-added offer provides guests who book a new three-day or longer sailing in an oceanview, balcony or minisuite category stateroom with the opportunity to select their preference of two free choices from five spectacular onboard amenity offers†, including free unlimited open bar, a free specialty dining package, $50 towards shore excursions in each port per stateroom, 250 minutes of free WiFi, or Norwegian’s Friends & Family Sail Free offer that allows the third and fourth guests to sail for free on many 2017 and 2018 sail dates. Inside staterooms, as well as Norwegian’s Studio staterooms for solo travelers, can choose one free offer. Guests seeking the ultimate in pampering and luxury at sea can book a cruise in a suite or The Haven by Norwegian® and enjoy all five free amenities**, providing up to $2,600 in added value to their cruise.· Norwegian’s Free at Sea Hawaii offer has also been extended through October 31. Guests who book a new cruise vacation aboard Pride of America, the only ship in the world that can sail seven-day inter-island cruises in Hawaii, have the freedom to select one of five†* offers to enrich their cruising experience, including a free one-night pre-cruise hotel stay with an option to select reduced airfare starting at $399 from select gateways, a free specialty dining package, free pre-paid service charges for the first and second guest in the stateroom, free $50 per port shore excursion credit per stateroom, or Norwegian’s Friends & Family Sail Free, allowing the third and fourth guests in each stateroom to sail for free on many 2017 and 2018 sail dates. Guests who book a suite aboard Pride of America can enjoy all five offers.To book a cruise aboard a Norwegian ship, contact a travel professional, call Norwegian at 866-NCL-CRUISE (625-2784), or visit www.ncl.com.Source = Norwegian Cruise Line
All aboard for Parkes Elvis festivalAll aboard for Parkes Elvis festivalHundreds of Elvis tribute artists and fans have gathered at Sydney’s Central Station to board the Elvis and Blue Suede Express trains, making their way to the 2018 Parkes Elvis Festival.Minister for Tourism and Major Events Adam Marshall was at Central Station to farewell passengers and said since its launch in 1993, the Parkes Elvis Festival had grown to become one of the world’s largest Elvis Presley tribute celebrations.“This year more than 25,000 visitors are expected to descend on Parkes for the festival’s 26th anniversary, injecting an estimated $13 million in expenditure into the local economy,” Mr Marshall said.“It’s exciting to see hundreds of visitors boarding trains at Central Station, heading out of Sydney, to enjoy a major event in central western NSW.“From the great entertainment, colourful costumes and country hospitality, the Parkes Elvis Festival attracts visitors from across Australia every year and this morning’s highly-anticipated event at Central Station was a great taste of what will be on offerthis weekend in Parkes.”Mr Marshall said the NSW Government was a proud supporter of the Parkes Elvis Festival, which is now one of the State’s largest rural and regional events. “We know that events like the Parkes Elvis Festival fuel the State’s overnight visitor economy while placing our incredible rural and regional destinations front and centre,”Mr Marshall said.“We’ll continue to shine the spotlight on and support events in country NSW so that communities reap the benefits of more visitors in local hotels, restaurants, boutiques and businesses.”More than 150 events will take place at venues in and around Parkes as part of this year’s festival which celebrates the theme ’68 Comeback Special, marking 50 years since the King appeared on television in a special unplugged style performance that helped re-launch him back into the music industry.Source = Destination NSW
Heathrow recently celebrated its 70th anniversary of becoming a commercial airport. With the New Year, Heathrow is planning on an extension of the new Terminal 2. If the Government supports a third runway at Heathrow in summer, then Terminal 2 will be extended and a new terminal will be built adjacent to Terminal 5, providing enough capacity to connect Britain to the world for the 21st century.The airport has also received a nod for installing 135 more chargers for at least another 260 electric vehicles, to help shift greater number of vehicles used on and around the airport to electric power. This also signals towards a greater ambition to ‘turn Heathrow electric’.Chief Executive, John Holland-Kaye said, “2015 saw us commit to a series of action plans that will make us a better neighbour, by reducing noise, emissions and traffic. We are now providing an update on the very significant progress already being made, thanks to the commitment of the airport community. But we know that we need to do more, and in the coming months will set out even more ambitious plans that will make an expanded Heathrow the most environmentally responsible hub airport in the world.”The reports provide a traffic-light rating – Red, Amber, Green – against each of the commitments published in the blueprints along with a supporting commentary. They show that 70% of the promises have been put into action and the remaining 30% are in progress.
Air Arabia recently facilitated Bollywood actor, Dia Mirza’s flight who was travelling to Kenya for a holiday.During a meet and greet hosted for fans and sponsors, Air Arabia’s representative said, “Dia Mirza chose Air Arabia as her airline partner for her trip to Nairobi, Kenya. We as an airline are very conscious of the environment, and hosting Dia Mirza and her family on this trip to Kenya was an absolute pleasure.”Speaking about flying with Air Arabia, Mirza remarked, “As UN Goodwill Ambassadors, we always fly economy during any trip that is below eight hours journey. We do that consciously because it is better for the environment. I feel so proud to have done this trip from Mumbai to Nairobi with Air Arabia. It was such a comfortable, wonderful experience and the best thing is that I know in my own little way, I have helped to conserve the environment.”During her visit, Mirza visited the Maasai Mara and the Ol Pejeta Conservancy. Magical Skies were the hospitality partners of Mirza’s visit. Commenting on hosting the star, the Adil Eltaff, General Manager, Magical Skies said, “It was an absolute pleasure hosting Dia Mirza and her group. We had a wonderful time with her group, they were cheery, adventurous and wide-eyed and they enjoyed every bit of the experience as much as we did hosting them.”
October 2, 2012 515 Views Agents & Brokers Attorneys & Title Companies Bank Failure Credit Unions Investors Lenders & Servicers Processing Service Providers 2012-10-02 Krista Franks Brock Mortgage-related business closings and failures are on track to post fewer incidences in 2012 than any year since the mortgage crisis began. [IMAGE]In the third quarter, 17 mortgage-related businesses failed, down from 25 in the previous quarter and 31 in the same quarter last year, according to a report released by “”_Mortgage Daily._””:http://www.mortgagedaily.com/Bank closings followed this trend, falling from 15 failings in the second quarter to 12 in the third. Both numbers are down from the third quarter of last year, when 26 banks failed. [COLUMN_BREAK]Bank failures have been on the decline for the past four consecutive quarters. Two nonbank mortgage-related entities closed in the third quarter. This is down from nine in the previous quarter but on par with the three posted a year ago. Meanwhile, credit unions continue to post few closings ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô three in the third quarter and one in the second. Year-to-date, 69 businesses have exited the mortgage sector, and _Mortgage Daily_ predicts by year-end the total could be fewer than 90. Last year’s total was 137. Mortgage-related business closings have not been this low since 2006, the year before the subprime crisis when just 31 closings took place. In 2007, 167 mortgage-related businesses shut their doors, most of them nonbank entities, and the sector has continued to see heightened volumes of closures each year since then. While numbers are currently low, one company’s exit from wholesale lending did make a splash last quarter. “”Wells Fargo””:https://www.wellsfargo.com/ left the wholesale lending sector after a “”$175 million settlement””:http://www.dsnews.com/articles/wells-fargo-race-discrimination-claims-leads-to-175m-settlement-2012-07-12 regarding alleged discriminatory lending practices. in Origination, Servicing Mortgage Businesses Faring Better as Banks Endure Share
Share July 19, 2013 425 Views in Data, Government, Origination, Secondary Market, Servicing, Technology Genworth’s “”U.S. Mortgage Insurance””:http://mortgageinsurance.genworth.com/ (USMI) unit has been recognized by the “”National Association of Federal Credit Unions””:http://www.nafcu.org/default.aspx (NAFCU) for its efforts to educate companies on mortgage origination practices.[IMAGE][COLUMN_BREAK]NAFCU Services Corporation awarded USMI with its 2013 Innovation Award for its Genworth Mortgage Insurance Learning Series (GMILS), a series of webinars for credit union executives that provides a comprehensive look at topics related to mortgage origination. USMI has hosted five “”webinars””:http://www.nafcu.org/genworth/ so far in 2013, attracting more than 1,400 credit union professionals.””Our customers consistently tell us that they value the training we provide, and that it helps them improve their skill levels and enhance their operational efficiency,”” said Geriel Thornburg May, director of customer experience and market segmentation for USMI.””The willingness of Genworth to provide cutting edge educational content delivered online makes it as easy as possible for mortgage professionals to get the latest information and best practices, and certainly differentiates them from other mortgage insurance providers,”” said David Frankil, president of NAFCU Services Corporation. Genworth USMI Recognized for Educational Webinar Series Agents & Brokers Attorneys & Title Companies Company News Credit Unions Genworth Mortgage Insurance Corp. Investors Lenders & Servicers Processing Service Providers 2013-07-19 Tory Barringer
Legal expenses took a substantial bite out of Bank of America’s first-quarter earnings, resulting in a net loss of $276 million to start the year.The loss follows a profitable fourth quarter of 2013, which saw the bank taking in $3.4 billion. For the first quarter of 2013, BofA reported net income of $1.5 billion.The results for the first quarter include $6 billion in litigation expenses related to a major settlement with the Federal Housing Finance Agency (FHFA) over legacy securities claims. Also figuring in were additional reserves for previously disclosed legacy mortgage-related issues.“The cost of resolving more of our mortgage issues hurt our earnings this quarter,” said Brian Moynihan, CEO of the North Carolina-based megabank. “But the earnings power of our business and customer strategy generated solid results and we continued to return excess capital to our shareholders.”As was the case with other banks in the first quarter, BofA also mortgage banking revenues decline. The company’s Consumer Real Estate Services (CRES) division reported a net loss of $5.0 billion in Q1, largely on the back of a $3.8 billion increase in litigation costs. Revenue declined to $1.2 billion, with the decrease driven almost entirely by a $548 million decline in servicing revenue—reflecting a smaller portfolio—and a $542 million drop in core production due to lower loan originations.CRES first-mortgage originations fell 65 percent compared to the first quarter of 2013, “reflecting a decline in the overall market demand for refinance mortgages,” the bank reported. Core production revenue was down to $273 million from $815 million a year prior thanks to the slowdown in volume and a reduction in margins.On the other hand, the bank a bit of a silver lining in the form of lower credit loss provisions, which were down $310 million from last year, thanks to continued improvement in portfolio trends. April 16, 2014 462 Views in Daily Dose, Data, Headlines, News, Origination Mounting Legal Expenses Eat Up BofA’s Earnings Bank of America FHFA Profits Quarterly Earnings 2014-04-16 Tory Barringer Share
in Headlines, News April 10, 2015 500 Views RedVision Makes New Appointments for Sales, Operations Leadership Positions New Jersey Real Estate Solutions Providers RedVision 2015-04-10 Seth Welborn New Jersey-based RedVision, an independent, nationwide provider of real property title data, search examination, and curative-ready solutions, has appointed Amy Holder to the new executive role of New Jersey sales director and James Sandifer as VP of regional operations for the southeast and mid-Atlantic regions.Holder, who joined RedVision in 2012 as VP for the mid-Atlantic region, has more than 25 years of experience in the industry. The mid-Atlantic region improved significantly and streamlined operating metrics. In her new role as New Jersey sales director, she will bring the same level of expertise to oversee RedVision’s strategic growth and development in the state.”Amy Holder is a proven leader with deep industry expertise, client relations and a strong track record in the title industry, and more specifically, in New Jersey,” said Leanne Zinn-Cox, EVP of sales and marketing. “Her domain knowledge and customer-centric focus ensure that RedVision’s solutions will continue to set the industry standard for title production.”Sandifer’s extensive experience and knowledge of real estate research and title production processes includes serving as production center manager for national production services at First American Title Insurance Company. In his new role with RedVision, he will be directing operations for both the southeast and mid-Atlantic regions for the company.”Sandifer’s career includes over 25 years in the real estate market place. He brings a diverse background of business development, customer management and operations focused in the title industry,” said Michael Carus, president. “I am confident that his leadership and insights will continue to enhance RedVision’s strategic operational excellence.” Share
Share Study Finds Houses Moving Fast in the West, Slow in the East in Daily Dose, Data, Headlines, News Buyers looking for their perfect home on the West Coast need to move fast, judging by the results of Trulia’s latest look into how long homes stay on the market.Trulia’s two-month study of metro areas around the U.S. this spring found that eight of the 10 fastest-moving housing markets are in California. The Bay Area, where fewer than 30 percent of homes remained on the market after two months, topped the list. Outside California, Seattle and Salt Lake City showed to be the markets where homes disappear from the listings quickly.Across the country it’s a different story. The three slowest markets in Trulia’s study are in New York, the slowest being Long Island and Albany, where roughly 70 percent of homes remained on the market after two months.One notable exception in the east is Cape Coral, Florida, where the pace of sales has shot up dramatically since last year. A year ago, Trulia found that about 60 percent of homes for sale in Cape Coral-Fort Myers were still listed after two months. This year, that percentage is down to 47. Richmond and El Paso had similar increases in sales pace.Compared to a year ago, the overall pace of sales nationally has sped up. Last spring, about 62 percent of all homes Trulia track nationwide were still on the market at the 60-day mark. Wednesday’s report showed that number is now down to 60 percent.What’s quickening the pace of sales? “It turns out it’s homes priced at the low end of the market,” said Trulia economist Ralph McLaughlin. Trulia gave each metro its own price cutoffs based on what’s considered high-end, mid-range, and low-end locally. “On average, lower-priced homes moved fastest,” McLaughlin said. “Only 50 percent of homes in this tier were still on the market after two months, compared with 65 percent of higher-priced homes.”Price, however, can be deceiving. California’s homes in particular are high-dollar properties. But, McLaughlin said, expensive markets usually happen where inventory is tight and new construction in the face of growing demand is limited. “So homes get snapped up quickly,” he said. “And this is bad news for first-time homebuyers.”Then again, so is the fact that homes at the lower end, especially in high-demand markets, are prime targets for homebuyers everywhere. “First-timers … are already getting slammed by declining affordability and slow wage growth,” McLaughlin said. “Now, even the homes they might be able to afford seem to be disappearing in the blink of an eye.” Home Sales Housing Markets Trulia 2015-04-15 Scott_Morgan April 15, 2015 474 Views
Reports of Housing Bubble Risk May Be Exaggerated August 3, 2016 554 Views in Daily Dose, Data, Featured, News Share Housing Bubble Housing Forecast 2016-08-03 Seth Welborn Despite recent chatter about whether certain markets are entering housing bubble territory again, Realtor.com reports that though price appreciation is a concern, in regards to other contributing factors to housing bubbles, these potentially risky cities are far from facing a housing bubble.According to Realtor.com, the answer to this chatter was sought in order to analyze the record-high median prices in high-profile growth markets like San Francisco; San Jose, California; and Austin, Texas.According to the report, the U.S housing market has improved dramatically since the depths of the recession with home prices in particular growing significantly in recent years, nearing a full nominal recovery nationwide.In the analysis, it was evaluated that a housing market’s bubble potential was based on six factors quintessential to the housing bubble and subsequent housing crisis in the 2000s. These factors include real price appreciation, house flipping share of overall sales, mortgage transaction share of overall sales, price to homeowner income, price to rent, and new households per new construction starts.Realtor.com research index measured each factor by market and compared it to its respective 2001 levels. This was a year they determined was when housing was considered to be in a healthy growth mode as well as justly valued.The research determined that the cause for housing prices increasing is due to economic growth and household formation, paired with limited inventory, relative to rents and incomes. Despite this fact, Realtor.com has determined that there is no evidence of real risk to repeat the mid-2000s housing bubble. It actually was determined that what is occurring now is the opposite of what occurred during the housing boom of 2004-2006. They came to this conclusion do to credit remaining tight, flipping being not as rampant as it was in the time of the housing bubble, and new construction being shown to be severely constrained.This doesn’t mean that certain cities are off the hook. The rapidly rising prices taking place right now in cities such as San Jose, San Francisco, and Austin has been determined by the report to be unsustainable in the long term. This, though, is expected to naturally taper off be it from people choosing to rent over buy, move in with family or roommates, or relocate to a housing market that is more affordable.The report notes that nationally, the housing market has 3 percent less risk than it did in 2001 as well as 25 percent less risk than it did during the peak in 2005. Despite the elevated real price growth at an estimated 7 percent in 2015, the other fundamentals such as flipping, new construction and mortgage share are well below the levels shown during the housing boom.
How Single-Family Rentals Can Help Alleviate Housing Shortages April 9, 2018 728 Views in Daily Dose, Featured, journal, News, REO Share Beth O’Brien is President and CEO of CoreVest Finance, a private lender to residential real estate investors. Under O’Brien’s leadership, CoreVest has closed $3 billion in loans in the investor loan market and has financed more than 20,000 investment properties. Previously, O’Brien was EVP at Auction.com, where she ran residential capital markets and was President of AuctionFinance.com, where she ran the financing strategy for the platform. O’Brien also held prior positions at Citigroup and Goldman Sachs. Combined, she has over 25 years’ experience in almost every aspect of the mortgage industry, as both a principal and an advisor, and has overseen more than $15 billion in transactions.O’Brien recently sat down with MReport at Five Star’s 2018 Single-Family Rental Summit to discuss the booming single-family rental market, the ever-shifting industry landscape, and how CoreVest has evolved to thrive within it.Why is single-family rental important in 2018?O’Brien // We’re facing a housing shortage in the country. Over the next decade, I think it’s going to be severe, and there are several compounding factors that are working concurrently to make that the case, and it depends on where you are in the country as to which one you see most acutely. It’s manifesting itself in different ways in different markets, but there is a true housing shortage coming, particularly in what we think of as workforce housing.So, what does that mean? If you look at the structural components of the housing stock across the country, you see that the single-family rental has gotten to the point where more than half of the families who live in a rental home are living in single-family rentals. It’s a critical component of how we’re housing people in this country, and yet we haven’t built an infrastructure around it. People think rental and they think multi-family, which is fine, but that’s not the majority of what’s happening when you’re thinking rental.When you think affordable, it could be either rental or ownership. I don’t think it’s as critical because there are a lot of reasons now why owning versus renting should be a personal decision. I make the analogy sometimes of a block with a bunch of cars on it, in the driveways. My parents, their generation, they owned every car on that block in those driveways. Right now, pretty much all of those cars are leased. And there’s a smattering of both, but guess what? Over that period, there was some evolution as to how people were either financing or buying their cars. No car goes around with a sign on it saying, “I’m a rental.” The same is true for a lot of the homes that we finance that are rental homes.There are some rental communities, and I applaud the people that are building them because they’re great. They’re brand-new homes for people. They’re living in great places and they’re renting. But for the most part, you can’t tell when you go down the block if it’s a single-family rental or an owned home.Do you think single-family rental has the potential to replace the traditional path towards homeownership, given the problems with inventory shortages and affordability issues in many markets?O’Brien // I don’t think the single-family rental space is taking away from homeownership because I don’t think it’s the same homes that are winding up in the rental stock. Even over the past four, five decades, nevermind the past four or five years, there’s always been a high percentage of single-family rentals in the U.S. The number doesn’t change as much as people think. There was an influx from owned to rental right after the crisis, but for the most part, if we’re talking about workforce housing, those tend to have been rental stock and stayed rental stock. It’s not like there’s this pent-up demand. On the margin, there’s some. I’m not discounting that we have them, but that’s not what’s driving the demographics.What are the challenges you see coming up in 2018 within this space?O’Brien // Certainly rising interest rates are going to make it more difficult for investors to execute on some of the value-adds that have been happening. One of the things we’ve seen that I think was great is that there’s very good rehab financing available right now in some of these more urban infill markets where investors focus on value-add. I don’t like to use the term fix-and-flip because they’re not just flipping. A lot of investors are actually stabilizing properties and communities that weren’t stable before.Do you have any advice for investors who are considering stepping into the single-family rental market?O’Brien // It’s important to know where you’re doing it. If you’re planning to get in, it would be convenient to do it closer to home, unless you’re planning on using third-party property management. That’s one of the nice things about the fact that the industry has gotten more attention is that there are great technology companies that have also come into the space, and so there are third-party property managers, there are all kinds of tenant software that’s available now. All of the things that the large, institutional players were using to help manage their properties are available even for investors with a few properties because of the influx of web-based management tools. We’ve seen it ourselves with some of our smaller borrowers. The reporting’s been great, and the data they’re able to produce is great because the technology solutions are getting better and better.But it’s real estate, so you have to focus on location and title and all the nitty-gritty. Overall, the ability to be an entrepreneur, build wealth by building a portfolio of single-family rentals, it’s unequaled compared to other asset classes. We have borrowers who were teachers and started acquiring one property at a time and now have these nice portfolios.The market has changed a lot over the last ten years. What are some of the ways that CoreVest has evolved as things continue to flow?O’Brien // CoreVest started in response to realizing that there was no bespoke financing for the single-family rental space. There was technology used by the institutional players getting securitizations done that made us think, “Wow, we can do a conduit with securitization.” It was born out of the distress, but I think the evolution since then has been to dive deeper. We’ve been able to get closer and closer to what the actual market needs. What’s weird is that financing products tend to be born out of the ability to access the capital market, but just channeling the capital markets is never going to give you the right product. So, the good news is that four years into it, we’ve been able to tweak the products to more closely work with what the actual borrower needs, not what the capital market needs.Every one of the changes and innovations we’ve made over the past couple of years were to make it more borrower-centric versus capital market-centric. What’s been great is that the capital markets have come along. If you address a need in the marketplace, the capital markets will also see that as a positive innovation. And again, you have to start with the cost of capital. Affordability beth o’brien corevest Five Star Single-Family Rental Summit interviews inventory shortages rental investments Single Family Rental Market workforce housing 2018-04-09 David Wharton
in Headlines, News, Technology Tennessee-based Franklin American Mortgage has announced a new and improved customer application platform. According to the company, this digital experience makes it easier than ever for homebuyers to submit all required documentation when applying for a loan from their mobile device or desktop computer.Through this application system, borrowers have the option to submit documentation on their schedules, including on nights and weekends. Recent studies have shown that the streamlined process allows up to 80 percent of borrowers to complete their applications in just one sitting. Additionally, borrowers can directly link their financial accounts to the portal, giving loan officers and processors the access they need to quickly verify income information.“Homebuyers and loan officers have suffered for too long with passing large amounts of paperwork while trying to coordinate their schedules to finish an application. As a technology-driven company, we knew there had to be a better way and integrating our tools with Blend’s digital platform simplifies the entire process with transparency,” said Matt Rider, CIO at Franklin American Mortgage. “We take great pride in our commitment to exceptional customer service and this is just the first piece of the digital transformation underway at Franklin American Mortgage.”Franklin American Mortgage is a privately-held mortgage banking firm headquartered in Franklin, Tenn. and licensed to provide residential mortgages across the nation. For nearly a quarter of a century, FAMC has been an industry leader committed to helping families and individuals achieve their dreams of homeownership. For more information about the company and its services, please go to www.franklinamerican.com. Equal Housing Lender, Company.The new digital customer experience is powered by Blend, a San Francisco-based fintech company providing technology platforms for mortgage lending. Franklin American Launches New Application System for Borrowers July 18, 2018 767 Views blend Borrowers digital Franklin American Homebuyers platform technology 2018-07-18 Radhika Ojha Share
120 Queensland agents were guests of Visit California last week at exclusive Club California screenings in Brisbane and the Gold Coast of the third instalment in the blockbuster ‘Planet of the Apes’ franchise – War For The Planet of The Apes.Set two years after the events of Dawn of the Planet of the Apes, the latest film opens amid gorilla warfare in the forest of Northern California, where the apes have made a life amid the redwoods.Before the film got underway, VCA Trade Manager Melanie Mayer provided destination training to the agent groups and then awarded some of the agents with prizes for participating in California quizzes and banana-eating competitions.“Visit California values our agent community so much and we love hosting agents at our Club California sessions. They’re a way for us to educate the frontline about California and our training platform California STAR while rewarding agents for all of the work they do to help sell California in this market,” said Mayer. agentsEvent & Famil photosVisit California
What an MLB source said about the D-backs’ trade haul for Greinke “I believe that whoever plays quarterback for Arizona — because of Larry Fitzgerald — he makes that quarterback look awful good. But I’m very disappointed in Kevin Kolb.”It’s one thing to disappoint coaches, fans and teammates, but this will likely be the thing that really gets to Kolb.In truth, Carter is saying what many are thinking. That Kolb, who was expected to be the team’s long-term answer at QB could be such a bust so soon is something no one wanted to contemplate, but if ESPN’s Adam Schefter is correct, it’s a reality we’ll have to deal with. 0 Comments Share D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ There will be plenty of disappointed people if Kevin Kolb does not win the Arizona Cardinals starting QB job.From the team that traded for him, the players who supported the move and the fans who believed in him, all will feel a sense of being letdown should John Skelton emerge as the team’s starting quarterback.You can add former ESPN analyst/friend of Larry Fitzgerald’s Cris Carter to the list.“We shouldn’t be going through this debate a year later,” Carter said on ESPN’s SportsCenter Tuesday. “But if John Skelton has outperformed him, he should play in the football game. Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away Top Stories
Yet, don’t expect any finger pointing to take place.“That’s all you can try to do is stay together,” linebacker Daryl Washington said. “You don’t want to do that finger pointing and saying ‘well they need to pick it up, we need to pick it up.’“We gotta just stick together and stay together as a team. We’re a team before anything. We win and we lose as a team.”Washington was also mighty generous when saying that perhaps the defense could have done more in Sunday’s loss. He alone had 11 combined tackles, with one interception and one pass defended. “We left some plays out there on the defensive side of the ball as well,” he said. “We could’ve made some stops at the end when they got the field goal going into halftime and it would’ve been a 13-16 game.”Washington did acknowledge that the defense is playing at a high level right now, and when you force your opponent to give up the ball six times, you normally come away with a win. “When you play like that you kind of think that nine times out of 10, you’re gonna win the game,” he said. “I think that’s the most frustrating thing that when you do play well on the defensive side of the ball like we did against a good offense and you don’t come out with the win, it’s just difficult, it’s frustrating.” The Arizona Cardinals go back to the drawing board again this week as they come off a 23-19 loss to the Falcons in Atlanta. It was their sixth consecutive defeat and it came despite an incredible performance by the defense. Arizona forced six Atlanta turnovers Sunday with five Matt Ryan interceptions and one Jason Snelling fumble. On the other side of the ball, the offense was 2-for-16 on third down and recorded only 178 yards of total offense. The defense repeatedly put the offense in good field position, and repeatedly the offense failed to capitalize. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Former Cardinals kicker Phil Dawson retires The Falcons’ Matt Ryan became the first quarterback since Green Bay’s Bart Starr in 1967 to win a game despite throwing five interceptions and zero touchdowns, a statistic that has made the rounds over the last day or so.Washington and the rest of the Cardinals’ defense is not taking the bait that the media and other analysts are putting out there; they instead will continue to shoulder some of the blame for the losses and still feel they have room to improve.“You try to figure out what can you do better next time to build momentum,” Washington said. “Defensively as a team we played pretty well, they just made more plays than we did.” – / 18 Grace expects Greinke trade to have emotional impact
Top Stories Grace expects Greinke trade to have emotional impact “We fix that and this team can be great.”Campbell admitted it may be tough to believe because the team’s record “doesn’t really show it”, but that there is a sense the Cardinals are closer to being a playoff contender than one might think.It would be nice to be able to believe him.The Cardinals did, after all, start the season with a perfect 4-0 record. Arizona also has one of the NFL’s best defenses, and that’s not likely to change anytime soon. And oh yeah, Larry Fitzgerald is still there to catch passes on offense, which he showed he’s still capable of doing with his eight-catch, 111-yard performance Sunday. Yet the Cardinals, assuming they lose at San Francisco next week, are still going to end this season with a 5-11 record — their second such mark in three years — with questions at both quarterback and head coach.The current head coach, Ken Whisenhunt, took a stab at maybe finding out the answer Sunday when he replaced an ineffective Ryan Lindley in the third quarter with what was ultimately a moderately less ineffective Brian Hoyer.Signed a couple weeks ago off of waivers, Hoyer completed 11-of-19 passes for 105 yards and an interception. The man he replaced, Lindley, was 17-of-30 for 141 yards and a pick. Where they go from here is anyone’s guess. There’s one game left on the docket, and after that the organization will have some decisions to make, some of which will undoubtedly be difficult and controversial. And maybe Campbell is right about his team when he says they’re not far off from being where they want to be. The Cardinals could be just a couple pieces away getting back to the level that saw them win their first four games rather than the one that has seen them lose 10 of their last 11. But as the post-Kurt Warner Cardinals have taught us, finding a quarterback is much easier said than done. And until that happens, it would appear the good things the team can do will all be for naught. – / 30 Former Cardinals kicker Phil Dawson retires “I thought he did a nice job,” Whisenhunt said of Hoyer, noting that the interception was not so good. “He got put in as tough a deal as he could be being down with them having a good defensive front that were in pass rush mode.”The signal callers combined to throw 49 passes Sunday; perhaps there should have been a bit more of an emphasis on the run?It probably didn’t matter anyway.If we learned anything Sunday it’s that the Cardinals are, unfortunately, who we thought they were. A team with an outstanding defense and an offense held back by a poor running game and quarterbacks who can only dream of mediocrity. Needless to say, it looks like Hoyer — like Lindley, John Skelton, Max Hall, Derek Anderson and probably Kevin Kolb before him — is not the answer.“It’s tough, isn’t it,” Whisenhunt asked when addressing the struggles at quarterback. “I said it before, we’re not getting the production out of that position and it’s hard to win in this league if you don’t do better from that standpoint.”Hard? Yes, but the Cardinals are making it seem damn near impossible.Think about it: the Cardinals began their home slate with John Skelton under center and ended it with Hoyer taking snaps. 0 Comments Share Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo GLENDALE — Arizona Cardinals defensive end Calais Campbell believes his team, which lost to the Chicago Bears by a score of 28-13 Sunday, is not far off from being on the other side scoreboard most games.“We’re a couple pieces away from the puzzle to be a great team, a really good team,” he said after the game. “We have all the potential in the world but it’s just one piece there, one piece there.
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Top Stories Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share The Arizona Cardinals released quarterback Dennis Dixon from their practice squad, the team announced Monday. The Cardinals signed Dixon, a 2008 fifth-round pick by the Pittsburgh Steelers, last week. Along with the Steelers, Dixon has played for the Baltimore Ravens, Philadelphia Eagles and Buffalo Bills.