Dinghy daredevils prepare for wild river ride

first_imgDinghy daredevils prepare for wild river rideA race that started with two mates pushing their dinghies to the limit to see who could be first to the local fishing spot has evolved into one of the nation’s most exciting – and quintessentially Australian – boating events.Competitors perform during the Red Bull Dinghy Derby held on the Murray River in Renmark, Australia on February 5, 2017. Mark Dadswell/Red Bull Content Pool.The Red Bull Riverland Dinghy Derby, held on Sunday, February 4, in South Australia has again received record nominations with teams coming from as far away as Canada and Mongolia to compete.This year’s event has so far attracted 123 nominations eclipsing the previous record of 119 set in 2017.The first Dinghy Derby was run in 1981 but the event has swelled significantly since Red Bull came on board for the 2015 event.The heavily modified dinghies race at speeds of up to 90km/h along Australia’s longest river, The Murray, and the narrow creek networks surrounding Renmark, a Riverland town 250km northeast of the South Australian capital Adelaide.Picture: Mark Dadswell/Red Bull Content Pool.Each boat has two crew: one crewmember drives the dinghy while the other acts as navigator and also moves around the boat to shift the weight to help manoeuvre through the tight and challenging course that includes narrow twists and turns, overhanging trees and submerged logs.The race is organised by the Riverland Dinghy Club, a group of locals who volunteer their time to bring the event together every year.As well as being the naming rights sponsor, Red Bull brings its world-renowned film crew to the event, capturing the thrills and spills of the Derby for millions of its dedicated viewers around the globeThe Derby has also grown into a six-race series throughout the year on a variety of courses in the area.February marks the start of the season with a three-day festival and the first two rounds of the six-race series – a Dash 4 Cash sprint time trial on Friday, February 2, in front of the Renmark Riverfront and the main 100km derby race on the Sunday.Seven classes ranging from 15hp through to 300cc and 30hp Sports classes with top speeds of more than 90km/h will contest the events.Competitors perform in the “Dash 4 Cash” during the Red Bull Dinghy Derby in Renmark, Australia on February 3, 2017. Brett Hemmings / Red Bull Content Pool.Riverland Dinghy Club President Scott Jenke said this year a local tour company would for the first time take spectators by bus and then boat to some of the more spectacular and remote viewing areas along the creek network.“That’s mainly designed for people who don’t have local access to boats so we’ll be interested to see how that goes,” he said.“The crowds are always good throughout the creeks and one of the key spots is ‘Carnage Corner’, there’s always a bit of action there hence the name.“It’s nothing to see three or four thousand people line the creeks similar to the Dash 4 Cash, which is a free event on the town’s main foreshore.”Picture: Brett Hemmings / Red Bull Content Pool.Jenke said as well as the two international entries there were many teams from other Australian states this year including Western Australia (25), Victoria (12), New South Wales (7) and Queensland (4).“It’s uniquely Australian – what could be more unique than a couple of guys originally getting together and saying I can get back to the town quicker than you or I can get to the fishing spot quicker than you and from that stemmed the development of the first race back in ’81.“Back then it was sort of a race with a group of guys and their fishing boats, now we’ve seen it evolve in the past 10-15 years into a championships series.Picture: Andy Green/Red Bull Content Pool.Jenke said the growth of the race and all events across the 8-month season in recent years had been phenomenal.“There’s nothing of this sort of standard and scale and to me it just proves that it’s cemented its spot as a national event,” he said.“The big thing we noticed last year was the number of competitors who raced the whole season.“There used to be a big drop off after the derby but now at the end of the year we’ve still got 60 or 70 boats that have competed all through the season and it’s growing every year.”Source = The Lead South Australialast_img read more

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Australias Newest BIG Thing hits the NSW Southern Pielands

first_imgAustralia’s Newest BIG Thing hits the NSW Southern Pie-landsThe BIG Pie – Australia’s Newest BIG Thing hits the NSW Southern Pie-landsThe Southern Highlands is the home of Australia’s newest Big Thing with the creation of ‘The BIG Pie’ now located at the Southern Highlands Welcome Centre in Mittagong NSW. The Big Pie has been erected in recognition that the Southern ‘Pie-lands’ is Australia’s Home of Pies as the region celebrates the month-long Pie Time festivities during June.Not dwelling on the region’s disappointment last year at being a runner up with its Big Tulip finalist entry in leading online travel company WOTIF’s 18th Birthday Promotion ‘The Next Big Thing’ which got Australians to vote where they should build Australia’ next oversized tourist attraction, Destination Southern Highlands has now created its very own ‘Big Thing’ in the form of a giant sized orange pie.Destination Southern Highlands’ Group Manager, Steve Rosa said, “We initially submitted an entry for the Big Pie in WOTIF’s promotion to recognize our positioning in the last two years as Australia’s Home of Pies with our innovative and award-winning destination marketing campaign Pie Time, but were advised there was already a big pie constructed on the Gold Coast in Queensland. It was then that we submitted an entry for recognition as Australia home of Tulips via Australia’s oldest Tulip Festival, Tulip Time. Whilst we were a little disappointed at not winning, we still wanted to have Australia’s ‘Next Big Thing’ to be based in the Southern Highlands. But, one thing that came out of our entry was the great support we had for a possible big thing that could support our other big tourist attraction, the Big Potato in Robertson.”The Big Pie sits at over 2 metres wide by 1.5 high and is this month welcoming pie lovers to the Southern Pie-lands for the month of June. The stylized pie design and bright orange colour is reflective of Pie Time’s colour palette and imagery.  The Big Pie was created from a local wine pressing vat and is a now a magnet for photographers and selfie moments for both locals and visitors. Following Pie Time ‘The Big Pie’ will be positioned in the forecourt of the Southern Highlands Welcome Centre to promote the year-round Southern Highlands Pie Trail. Source = Destination Southern Highlandslast_img read more

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The Gordon Ramsay Group partners with Atlantis The Palm

first_imgAtlantis, The Palm has partnered with internationally acclaimed celebrity chef Gordon Ramsay to bring his popular Bread Street Kitchen restaurant to Dubai’s leading entertainment resort. Set to open in Fall 2015, Bread Street Kitchen will follow in the steps of its highly successful London counterpart, offering an exciting restaurant and bar space creating an atmosphere-led, high quality dining experience serving a British European menu.“I am incredibly excited to open Bread Street Kitchen in Atlantis, The Palm,” stated Gordon Ramsay. The expertise of the team at Atlantis makes them ideal partners and I will be working closely with them to deliver a dining experience of the highest standards and one that reflects the ethos of its sister restaurant in St Paul’s London.”Bread Street Kitchen at Atlantis will be Ramsay’s fourth outpost, following locations in London, Hong Kong and Singapore.“We could not be happier to be partnering with Gordon Ramsay on our latest offering,” said Serge Zaalof, President and Managing Director, Atlantis, The Palm. “Bread Street Kitchen will be a fantastic new addition, offering a casual, European dining experience to complement our roster of existing outlets. Working with the Gordon Ramsay Group to bring his restaurant to Dubai is only the beginning of an incredible partnership.”last_img read more

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Marriott International adds 30 leading hotel brands to its portfolio

first_imgMarriott International, Inc. has expanded its portfolio to include 30 of the most desirable and prestigious hotel brands along with the addition of the Starwood Hotels & Resorts portfolio.Travellers seeking an enriching experience can now choose from the most diverse selection of hotel brands ever. The brand now includes 5,700 hotels and 1.1 million rooms in over 110 countries across the globe.Members of Marriott’s leading loyalty programs, Marriott Rewards – which includes The Ritz-Carlton Rewards – and Starwood Preferred Guest (SPG), have been invited to link their accounts at members.marriott.com to enjoy the benefits, recognition and experiences each program has to offer. Members will have their status matched across programs and be able to transfer and redeem points across programs for travel to more destinations than ever before. On linking the accounts, members will be able to transfer points at a three-to-one ratio (three Marriott Rewards points = one SPG Starpoint) between the programs for redemption stays or on the Marriott Rewards Experiences Marketplace or SPG’s Moments platform.last_img read more

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Biennale celebrates the existence of Muziris through Muziris A Citadel of Spices

first_imgAmidst the stellar artworks at Kochi-Muziris Biennale 2016, there is a rare showcase of the story behind Muziris as an ancient seaport in Kerala, with established trade roots with 33 countries around the world dating over 2000 BC.‘Muziris- A Citadel of Spices’, is a collateral exhibition at the ongoing Biennale. It attempts to provide a ringside view to the heritage, trade, culture and history of the ancient port and Kerala in general. The display, divided into 10 subdivided segments beginning from 9th century AD and ending in early 18th century AD, is being organised in collaboration with Kerala Tourism’s Muziris Project Ltd and is set to run till March 29, 2017, when the Biennale ends.“We see this exhibition as a promotional activity for tourists and locals to gain understanding about the Muziris region and to tell them about the history of Kerala. Over 2,500 years ago Muziris was seen as an urban centre, as an ancient emporium of trade with 33 countries in the world,” said Dr. Midhun C Sekhar of the Muziris Heritage Project, who has curated the showcase with Shine K S.Situated inside an old warehouse surrounded by the backwaters of the Arabian Sea in Mattancherry area of west Kochi, the exhibition displays a selection of various artifacts dug up during a series of excavations at Pattanam village in North Paravoor.In the exhibition there are also details of 28 museums of the Muziris Heritage Project. These include the Paliyam palace, a three-storied building built by the Dutch in the 1700s, representing a blend of Kerala-European architecture, and the Paliyam Nalukettu, a typical Malayali traditional house built entirely from wood with a basement storage area.“We have a hop on hop off boat service for visitors to go to all the museums we have set up. The entire journey spans six hours. We have in and around the area fishing activities, lot of interior backwaters and different types of agriculture such as plantation of coconut, areca and nutmeg, which provides visitors a glimpse of the wonderful culture of Kerala. Our aim is to promote a relaxed tourism experience combining heritage and backwater cruises,” added Dr. Shekhar.last_img read more

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Thales to participate in 11th edition of Aero India

first_imgThales will be participating in the 11th edition of Aero India, the international aerospace, defence, civil aviation, airport infrastructure and defence engineering exhibition, from February 14 -18 ,2017 in Bengaluru, India.At Aero India 2017, the Thales booth will highlight Thales’s relationship with India, its cooperation with the local industry, and capabilities that can optimally serve the modernisation needs of the Indian armed forces. The capabilities on display would include rocket systems, underwater systems (sonars), surveillance and fire control radars, surface warfare systems (missiles), among others.Thales will display some of its globally acclaimed products and equipment during the air show. These will include Stratobus, an autonomous stratospheric airship that can be positioned at an altitude of 20 kms over its theatre of operations and can perform a variety of missions including surveillance of borders or high-value sites, on land or at sea, security, environmental monitoring and telecommunications, new broadband tactical software-defined radio SYNAPS and C4I systems, Spy’Ranger, a mini surveillance and reconnaissance Unmanned Aerial Vehicle (UAV) among others.last_img read more

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Aqua Expeditions unveils new fleet additions Aqua Blu and Aqua Nera

first_imgOne of the leading boutique luxury cruise lines Aqua Expeditions officially announced two new fleet additions: Aqua Blu and Aqua Nera. Aqua Blu is Aqua Expeditions’ first coastal ship and the first-ever long-range expedition-class yacht to be permanently based in the East Indonesian Archipelago with year-round departures.Partnering with internationally-renowned yacht designer Cor D. Rover, the completely refurbished Aqua Blu is endowed with a rich heritage as the former British Naval Explorer HMS Beagle. To begin service on November 16, 2019, Aqua Blu will primarily serve three destinations on seven-night coastal cruise itineraries:Raja Ampat (Round-trip; December through to February; 10 departures/year)Bali-Komodo National Park (Bi-directional; April to September; 23 departures/year)Ambon & Spice Islands (Round-trip; October to November; seven departures/year)Opening up the opportunity of exploring multiple destinations in East Indonesia on a single itinerary and discovering exotic locales such as The Forgotten Islands, Aqua Blu will also offer highly-limited 12-night journeys. Called Limited Cross-Destination Voyages, there will be a maximum of four departures a year, each sailing a different route.Aqua Nera, a new-build river cruise boat, features a high-concept interior by renowned architect Noor Design. Designed and constructed in Vietnam, the vessel will sail to the Peruvian Amazon, where it will begin operations on August 1, 2020. Aqua Nera will offer three, four and seven-night river cruise itineraries.As Aqua Expeditions vessels both Aqua Blu and Aqua Nera feature world-class cuisine experiences by renowned consulting chefs. Both Aqua Blu and Aqua Nera are now open for booking.last_img read more

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Ellie Mae Names SVP of Software Development

first_img May 8, 2013 453 Views in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Ellie Mae Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-05-08 Tory Barringer New,Ellie Mae Names SVP of Software Developmentcenter_img “”Ellie Mae””:http://www.elliemae.com/ has a new SVP of software development. The California-based automated solutions provider announced Vivian Wong has joined the company.[IMAGE][COLUMN_BREAK]In her new role, Wong manages multi-location product development teams working on the next generation of software as a service (SaaS) and mobile applications. She reports to president and COO Jonathan Corr.””The rapid adoption of SaaS as the new technology model for the mortgage industry is significantly raising the bar for loan origination system providers,”” Corr said. “”To stay ahead of this curve, Ellie Mae continues to invest in bringing on veteran software experts, like Vivian, who bring with them decades of large-scale, enterprise-software experience.””Wong has more than two decades of experience in enterprise software technology, primarily at PeopleSoft and later at Oracle. Most recently, she was VP of engineering at Oracle’s Taleo, a pioneer in cloud-based enterprise solutions, where she was responsible for product engineering, documentation, and quality assurance. Her career started in Australia, where she worked at a number of startups, investment banks, and consulting companies. Sharelast_img read more

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Business Slows at Freddie Mac

first_img “”Freddie Mac’s””:http://www.freddiemac.com/ total mortgage portfolio expanded in April, but growth slowed as purchase and issuance activity declined from March, the GSE reported.[IMAGE]According to Freddie Mac’s monthly volume summary, its total portfolio grew at an annualized rate of 0.6 percent last month, a setback compared to March’s 4.0 percent growth rate but still above January and February’s contracting figures.[COLUMN_BREAK]The secondary market giant reported about $42.3 billion in purchases and issuances, down from $52.0 billion the prior month. As of the end of the month, the portfolio’s ending balance was about $1.95 trillion.The portfolio mortgage-related securities and other guarantees expanded at an annualized rate of 4.1 percent, a little less than half of March’s growth rate (8.9 percent). Single-family refinance loan purchase and guarantee volume was $35.8 billion in April, representing 76 percent of total mortgage portfolio purchases or issuances. Relief refinance mortgages comprised approximately 33 percent of total refinance volume based on unpaid principal balance.The single-family seriously delinquent rate dropped to 2.91 percent in April, a major step down from 3.03 percent in March. The multifamily delinquency rate was down to 0.09 percent.Freddie Mac reported 6,068 loan modifications in April. Year-to-date, the company has recorded 26,681 modifications. Agents & Brokers Attorneys & Title Companies Freddie Mac Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2013-05-24 Tory Barringer in Secondary Market Freddie,Business Slows at Freddie Maccenter_img May 24, 2013 448 Views Sharelast_img read more

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Report Home Prices Fully Recovered in 22 of Top Markets

first_imgReport: Home Prices Fully Recovered in 22% of Top Markets Agents & Brokers Attorneys & Title Companies Home Prices Housing Affordability Investors Lenders & Servicers Processing Service Providers 2013-09-25 Tory Barringer September 25, 2013 469 Views in Data, Government, Origination, Secondary Market, Servicingcenter_img Property data through July shows home prices have rebounded completely in more than one-fifth of the nation’s top regional markets, according to a report from “”Homes.com””:http://www.homes.com/.[IMAGE]According to the site’s latest report, 22 of the top 100 markets in the United States reported price increases of more than 100 percent from their respective troughs, up from 19 the month prior.Marketing analyst Nicole Selvaggi explained that most of the markets that have come back completely “”never suffered the significant numbers of foreclosures and short [COLUMN_BREAK]sales that characterized the housing economy from 2007 to 2012,”” and seven of the top 20 have benefited greatly from energy development from oil, gas, shale, or coal.””As a result, these markets experienced a very different housing scenario, with lower peaks and higher troughs than other markets in the same region,”” Selvaggi said.At this point, 44 markets have seen a rebound of at least 50 percent, up from 41 in the last report.In addition to the rebound, all 100 of the markets tracked in the Homes.com Local Market Index Report reported increases in home prices on both a monthly and yearly basis.In terms of yearly growth, many of California’s most highly populated markets (including the Los Angeles, San Diego, and San Francisco areas) were among the top metros, with five additional smaller cities making the top list.””Rising home prices in California’s coastal areas (Los Angeles, San Diego, and San Francisco), could be ‘pushing buyers inland to more affordable Riverside and San Bernardino counties,'”” Selvaggi said, quoting an analysis from John Burns, CEO of “”John Burns Real Estate Consulting””:http://www.realestateconsulting.com/. Sharelast_img read more

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California Home Sales Weaken in August

first_img in Daily Dose, Data, Headlines, News Home sales in California came in below average once again in August as prices continued to crawl up.Real estate information firm CoreLogic DataQuick estimated Friday that August home sales in the state—including new and resale houses and condos—totaled 37,228 last month, down 6.0 percent from July’s estimate of 39,608. Compared to a year ago, sales fell 12.5 percent short.August home sales have varied in California from a low of 29,764 in 1992 to a high of 73,285 in 2005, according to the company’s data. Last month’s sales were 21.6 percent below the long-running average of 47,456 for all the months of August since 1988.California sales haven’t been above the average for any month in more than eight years, the firm said.Of the existing homes that sold in the state last month, an estimated 5.4 percent were houses that had been foreclosed on during the past year, CoreLogic DataQuick reported. That figure is down 5.6 percent from July and 7.8 percent from a year prior.The median price paid for a home in the Golden State in August was $393,000, marking a slight increase from July’s median of $392,000. A year ago, the median price in the state was $361,000.Last month marked the 30th straight month in which the state’s median sales price rose on an annual basis.Finally, the typical monthly mortgage payment buyers committed themselves to in August was $1,523, just barely up from July and less than $100 up from a year ago. Adjusted for inflation, August’s payment was 35.5 percent below the typical payment made in spring 1989, the peak of the prior real estate cycle, and 47.7 percent below the current cycle’s peak of 47.7 percent—set in June 2006. California Home Sales Weaken in August September 14, 2014 594 Views center_img Share CoreLogic DataQuick Home Prices Home Sales 2014-09-14 Tory Barringerlast_img read more

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FHFA Home Prices Up for 13th Straight Quarter

first_img November 28, 2014 443 Views in Daily Dose, Data, Government, Headlines, News Share Fannie Mae FHFA Freddie Mac Home Prices 2014-11-28 Scott_Morgancenter_img FHFA: Home Prices Up for 13th Straight Quarter The housing market’s upward momentum may be cooling, but home prices nationally rose once again for the 13th consecutive quarter, according to the latest Home Price Index report from the Federal Housing Finance Agency.FHFA reported Tuesday that U.S. house prices, based on home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac, rose 0.9 percent in the third quarter.While that does show a continuation of the growth the U.S. market has enjoyed for the past three years, the rate of growth is down from 4.5 percent compared to the third quarter of 2013.”[P]rice increases were relatively small in most areas … and are consistent with the type of market deceleration that other housing market statistics have shown in recent periods,” said Andrew Leventis, FHFA’s principal economist.Earlier this month, FNC reported that national home prices in September dropped by 0.3 percent, marking the first dip of its kind in nearly three years. FHFA’s September index flattened with its August numbers (which, incidentally, were up by half a percent). Leventis attributed the third-quarter rise FHFA found to easing interest rates and modestly improving labor market conditions.Though still down from a year ago, FHFA’s Q3 index fared even better when accounting for sales reported through county recorder offices and the Federal Housing Administration. With these additional data sets, the FHFA index showed a 1.5 percent rise in national home prices. A year ago, this figure was 6 percent.Nevada, which posted a 10 percent growth in home prices, topped the list of states that showed the greatest appreciation in Q3. California (where 11 of the 20 metropolitan areas with the highest annual appreciation rates were), Hawaii, and North Dakota posted rises of more than 8 percent, while Florida and Oregon hovered close to those same figures.Price increases were greatest in the San Jose-Sunnyvale-Santa Clara market, where they increased by 6.6 percent.  Prices were weakest in the Greensboro-High Point, North Carolina area, where they fell 4.4 percent.Regionally, the West South Central Census division (Texas, Louisiana, Arkansas, and Oklahoma) was the strongest section for growth in the third quarter, according to FHFA. This section posted a 1.8 percent increase and a 5.8 percent increase since last year. House prices were weakest in the Middle Atlantic division (New York, New Jersey, and Pennsylvania), where prices increased 0.1 percent from the prior quarter.last_img read more

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ARMCO Selects Phil McCall to be New COO

first_img Share in Headlines, News, Technology May 8, 2015 498 Views ARMCO Selects Phil McCall to be New COOcenter_img Aces Risk Management Mortgage Lenders and Servicers Web-based Audit Technology 2015-05-08 Staff Writer ACES Risk Management (ARMCO) has hired mortgage quality control expert Phil McCall as its new COO. ARMCO provides Web-based audit technology as well as data and analytics to mortgage lenders, servicers, investors, and outsourcing professionals.“As COO, my goals are to guide ARMCO through this next phase of growth and to help expand the services designed to position mortgage quality control professionals for proactive problem resolution,” McCall said.With more than 20 years’ experience, McCall has knowledge in quality control, loan origination and underwriting, mortgage fraud, loss and litigation, and real estate-based transactions. He will be responsible for leading the company toward maximizing ‘big data’ benefits in ACES Web Audit Technology.“Big data is going to be one of the key themes in 2015 from a mortgage quality control and regulatory compliance perspective,” said Avi Naider, chairman and CEO for ARMCO. “Phil McCall’s extensive background in QC and underwriting is an asset to ARMCO and will aid us in continuing to refine our ACES quality control software and compliance technology so that our customers can leverage big data to its maximum benefit.”McCall was the COO for forensic loan auditing and loan data verification provider IMARC before joining ARMCO. He has also held three executive positions with private mortgage banking firms and served as a liaison between the firms and was also an active seller/servicer for Fannie Mae and Freddie Mac.“I’ve been familiar with ARMCO and its executive leadership for a number of years,” McCall said. “With the heightened emphasis from the Consumer Financial Protection Bureau (CFPB) and the GSEs regarding risk management and quality control, I have seen ARMCO make the necessary enhancements to the ACES software to meet the increased demands in the market.”last_img read more

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Ellie Mae Inducts ClosingCorp into Hall of Fame

first_img Share ClosingCorp recently announced its induction into the Ellie Mae Hall of Fame. The provider of real estate cost data and technology for the mortgage and real estate services industry was selected as the winner of the Lenders’ Choice for Best Service Provider Category.“We are proud to honor our newest members of the Ellie Mae Hall of Fame,” said Jonathan Corr, Ellie Mae president and CEO. “The companies recognized today represent some of the top innovators in the mortgage industry. They show market leadership and innovation through their use of Ellie Mae’s all-in-one Encompass mortgage management solution and through their use, have driven compliance, quality and efficiency across their organizations. We congratulate them on this achievement and welcome them to the Ellie Mae Hall of Fame.”Ellie Mae announced the winners at the 2017 Ellie Mae Experience Conference in Las Vegas. Ten companies, comprised of nine lenders and ClosingCorp, were inducted into this year’s class. As the Lenders’ Choice for Best Service Provider, ClosingCorp was nominated by Ellie Mae’s clients and then selected by Hall of Fame members.“We’re honored to receive the Lenders’ Choice Award for Best Service Provider from Ellie Mae and its customers,” said Bob Jennings, CEO of ClosingCorp. “This award validates the promises we’ve made to our clients: to provide accurate and reliable closing cost information and to continually invest in the infrastructure and technology to deliver it.” April 12, 2017 590 Views in Newscenter_img ClosingCorp Ellie Mae 2017-04-12 Seth Welborn Ellie Mae Inducts ClosingCorp into Hall of Famelast_img read more

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How will Fed Rate Hikes Affect Housing

first_img Share How will Fed Rate Hikes Affect Housing? The meeting of the Federal Open Market Committee (FOMC)—the policy-making arm of the Federal Reserve begins today. This is also the first time that the meeting is being led by Jerome Powell the new Chairman of the Federal Reserve Board. And while the market expects rate hikes to be announced at the end of this meeting, everyone’s interested to know if the meeting also throws light on long-term policy-tightening measures and what it would mean for the housing industry.In its recent economic forecast, Fannie Mae has said that it expects the current downshift in the first quarter to be temporary as economic fundamentals remain positive. The Economic and Statistic Group (ESR) of the GSE is, in fact, expecting at least three rate hikes this year.“The ESR Group continues to expect the first rate increase of the year at the March meeting, followed by two more increases later this year,” Fannie Mae said in its monthly Economic Outlook Report. Economists monitoring the housing market agree. “Expect the Fed to keep raising rates this year with this being the first of what’s expected to be a total of three or four hikes of a quarter-point each in 2018,” said Holden Lewis, Research Analyst, at NerdWallet.“The Federal Open Market Committee (FOMC) meeting starts today and experts agree that an increase in the Federal Funds Rate is almost certain. In fact, the expectation of future Fed rate hikes is already putting upward pressure on mortgage rates,” said Mark Fleming, Chief Economist at First American. “The benchmark 30-year, fixed-rate mortgage rate jumped three basis points to 4.4 percent this past week. Since the start of the year, the benchmark rate has climbed almost half a percentage point and has increased for eight consecutive weeks.” Explaining the effect of these hikes on consumers with a home equity line of credit (HELOC), Lewis said, “If a consumer has a HELOC, every Fed rate hike affects their bottom line. The interest rates on their credit cards and HELOC go up whenever the Fed raises short-term rates. So a Fed increase by a quarter of a percentage point means consumers’ interest rates go up by the same amount.” in Daily Dose, Featured, Government, journal, Newscenter_img March 20, 2018 799 Views Economy Fannie Mae Federal Reserve FOMC HELOCs HOUSING Mortgage Rates Rate Hikes 2018-03-20 Radhika Ojhalast_img read more

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Themed hotel rooms and suites are designed to tick

first_imgThemed hotel rooms and suites are designed to tickle the fancy, and fantasies – no matter what your taste – of music fans, adventurers, little boys and girls at heart, futuristic, sci-fi aficionados, historians … and to lure the curious!These dedicated music-themed accommodation options range from from the tacky and kitsch to the cool and classy. Prague’s elegant Aria Hotel is dedicated to music artists of bygone eras – everyone from Beethoven, Mozart and Dvorak to Elvis and Billie Holiday have their own namesake suites here. You can even shop before you buy with a Virtual Tour that uses the latest 3D technology.In the UK, Brighton’s Hotel Pelirocco is the hotel du jour for music lovers with a range of music-inspired rooms. The hotel’s lobby and bar both boast memorabilia – some of it from the owner’s personal collection – and the hotel is known as a favourite stop off for touring bands. Each room pays homage to an era or genre of music – from punk rock to soul and country – designed and decorated by individual artists commissioned to put their musical mojo into a specially-themed room.The Motown Room @ Hotel Pelirocco Brighton UKThe Dollywould Room @ Hotel Pelirocco Brighton UKThe birthplace of The Beatles – Liverpool, England – boasts The Hard Day’s Night Hotel with the option of The McCartney Suite or The Lennon Suite (complete with iconic John Lennon trademark, a white baby grand piano!).The Lennon Suite – Hard Day’s Night Hotel Liverpool UKIn London, The Cumberland Hotel is multi-themed and includes the psychedelic Jimi Hendrix Suite.Jimi Hendrix Suite – Cumberland Hotel, London.Where else but Memphis Tennessee – the Heartbreak Hotel immortalises the King with several Elvis-themed room choices. There’s the Burning Love Suite, Hollywood Suite, Gold & Platinum Suite and The Graceland Suite and the hotel is right across the road from Graceland – the perfect place to stay for an Elvis pilgrimage!Elvis-themed Heartbreak Hotel Memphis, TennesseePromoting itself as the ‘Music & Lifestyle Hotel’, Hotel Nhow in Berlin goes completely elegant, contemporary and design-chic to create a modern, music-lover’s dream hotel – as the tagline says “Where music finds itself at home”.The Music Lounge – Hotel Nhow, Berlin, GermanyIn New York’s Brooklyn, Hotel BPM in Sunset Park is the brainchild of hip-hop DJ Bijal and features ultra-contemporary, minimalist design with sound-proofed walls. Since BPM stands for ‘beats per minute’ the Hotel’s musical nod comes from a BIJAL-created mash-up that plays throughout the hotel’s common spaces (song requests permitted). DJ Bijal chills at Hotel BPM in Brooklyn NY, USAlast_img read more

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Sydneybased Corporate travel management company M

first_imgSydney-based Corporate travel management company Maxim’s Travel will join Magellan Travel Group, facilitating further network growth for the group.“Corporate agencies of the calibre and reputation of Maxim’s joining the Magellan Travel Group further vindicates the decision we made to provide additional value-adds, services and support specifically to the corporate travel management sector,” said national manager Magellan Corporate Scott Darlow.Maxim’s Travel is an award-winning, corporate travel management company. Owner and managing director Chris Goddard said his company undertook a strategic alignment review, with the Magellan Travel Group providing “a holistic solution which met both of our economic and positioning objectives.“Magellan Travel Group chief executive Andrew Macfarlane said that he is “particularly pleased about the opportunity to work with Chris and his team at Maxim’s. They have very successfully built a brand, which has proven to deliver premium service in corporate travel.“The signing of Maxim’s and other soon to be announced corporate members highlights the appetite that is out there for agencies, both leisure and corporate, seeking greater transparency, value and partnership from their chosen travel group.”Image: Chris Goddard, owner and managing director, Maxim’s Travel (left) and Scott Darlow, national manager Magellan Corporate Magellan Travel GroupMaxim’s Travellast_img read more

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GLENDALE Ariz — Parents for the most part say

first_imgGLENDALE, Ariz. — Parents, for the most part, say they don’t pick a favorite among their children.Head coach Bruce Arians, who has two kids, is the same when it comes to the eight players in this year’s draft class, his first with the Arizona Cardinals.“I like the whole class,” he said Thursday.“Jon(athan) Cooper is playing outstanding. Kevin Minter, the silent assassin. Nobody ever talks about him, but he’s doing a heck of a job. D.C. Jefferson goes up and down like a yo-yo, but when he’s up there he’s pretty good. If we just keep him up there. He’s shown really good progress. Earl Watford has shown really good progress. Tyrann (Mathieu) obviously gets a lot of ink, but those other guys are, they’re doing their jobs.” Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact Top Stories Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Fifth-round pick Stepfan Taylor must have felt he did the job of two running backs with as much time as he spent on the field in the preseason opener against the Packers.He’ll receive some help this week when fellow running back Andre Ellington, a sixth-round selection, makes his debut. He traveled to Green Bay but did not play because of a stiff neck.Linebacker Alex Okafor, drafted in the fourth round, will also see his first action after an ankle injury kept him sidelined last Friday.For Cooper, his goals for only his second NFL game are quite simple.“My goals are to really just perform up to par and not look like a rookie out there; just really be comfortable out there, try to make as few mental mistakes as possible and really be mentally sound,” he said.Cooper, whom the Cardinals drafted with the seventh-overall pick, admitted to being anxious in his first professional game, something he believes contributed to the mistakes he made.“I think just my technique,” he said. “That was just very rookie of me, just kind of wild and flailing versus really sound and just smooth transitions through everything.”Now that game No. 1 is behind most of his rookies, Arians expects those mental errors to be reduced, if not eliminated entirely. “That’s when you hope they get the jitters out,” he said. “Playing at home, you can hear the communications a little bit better. Yeah, you would like to see that cleaned up.” – / 31last_img read more

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first_img 0 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Look what we started.Arizona Cardinals cornerback Patrick Peterson shared his thoughts on his game compared to that of Seattle Seahawks corner Richard Sherman Thursday on Bickley and Marotta on Arizona Sports 98.7 FM. Sherman’s social media response was swift. Peterson then responded.If you stopped following this saga at close of business Thursday, you’re missing out. Sherman posted this:Never confuse Potential with Production! In the game of Life winners win. Loser say what if. #Levels— Richard Sherman (@RSherman_25) May 23, 2014 Then Peterson started breaking down film and responded with:That’s what I always see someone helping. Last I check a lockdown corner is when it’s him and WR. pic.twitter.com/ytHQcJsZCH— Patrick Peterson (@RealPeterson21) May 23, 2014 #coverspace— Patrick Peterson (@RealPeterson21) May 23, 2014 Peterson didn’t like that too much, either.pic.twitter.com/HZNmLRFrt5— Patrick Peterson (@RealPeterson21) May 23, 2014 Derrick Hall satisfied with D-backs’ buying and sellingcenter_img Then this:Lockdown everywhere but the field pic.twitter.com/5vUyyhNIvn— Richard Sherman (@RSherman_25) May 23, 2014 Is it over? Only time will tell. But we can’t wait until football season! Earlier Thursday Sherman called Peterson “a kid” — which is interesting since they’ve both been in the league since 2011. @PFF_Pete this kid gave up as many Tds this year as I have in my career. He wouldn’t last in our system bcuz he gives up too many Tds— Richard Sherman (@RSherman_25) May 22, 2014 @RealPeterson21 wideouts regularly have career days on u. They ask u to stop them. Not let them score at will.— Richard Sherman (@RSherman_25) May 23, 2014 Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impactlast_img read more

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first_img 0 Comments   Share   Top Stories Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires Barring a trade, Arizona Cardinals fans will have to wait a considerable amount of time Thursday for their team to make a pick, but that does not mean they have to be bored while the clock ticks awayThe Cardinals’ 2016 NFL Draft party, which is presented by Arizona Ford Dealers, will take place Thursday, April 28, on the Great Lawn at University of Phoenix Stadium from 4:30 to 9:00 p.m. The draft begins at 5:00 p.m. Arizona time.center_img Over the course of the event, which is free to attend, fans will get a chance to meet Cardinals players and coaches, as well as have the first chance to see the 2016 Cardinals Cheerleaders. Other activities include:Kid’s Interactive Zone featuring combine activities and inflatablesAutographs: Cardinals players, coaches and cheerleaders will sign autographs and pose for picturesEntertainment options include a 200-foot zipline along with face painters and balloon artists for guests to enjoyBig Red Siren: Fans can take their picture on the Cardinals “Big Red Siren”Jr. Cheer Mini-Clinic: Girls ages 5-14 can take part in a free Jr. Cheer mini-clinic taught by members of the Cardinals CheerleadersParking for the Draft Party is also free, and the night will conclude with a post-draft fireworks show. Grace expects Greinke trade to have emotional impact Florida offensive lineman D.J. Humphries celebrates after being selected by the Arizona Cardinals as the 24th pick in the first round of the 2015 NFL Draft, Thursday, April 30, 2015, in Chicago. (AP Photo/Charles Rex Arbogast)last_img read more

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