Qatar Airways to launch direct flights to Gothenburg Sweden

first_imgQatar Airways to Launch Direct Flights to Gothenburg, Sweden, the Airline’s Fifth Nordic GatewayQatar Airways to launch direct flights to Gothenburg, SwedenService to Gothenburg will commence 12 December 2018 and marks QatarAirways’ second Swedish destination after StockholmDirect flights will be operated by a Boeing 787-8 aircraft five times per weekQatar Airways is pleased to announce that it will launch direct fivetimes weekly flights to Gothenburg, Sweden starting 12 December, making it the airline’s second Swedish gateway after Stockholm.Five weekly flights to Gothenburg will be served with a Boeing 787-8 aircraft, featuring 22 seats in Business Class and 232 seats in Economy Class.Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “It is with great pleasure that we announce the launch of direct services to Gothenburg, our second gateway into Sweden. Gothenburg is a charming city with much to offer both business and leisure travellers. This new direct route demonstrates our commitment to expanding our presence in the Nordic countries, a highly important market for us, and to further connecting these destinations on our global network. We look forward to introducing travellers from around the world to this beautiful city.”Mr. Jonas Abrahamsson, Chief Executive Officer at Swedavia, said: “Sweden is the largest economy in Scandinavia, and at the moment it is also the strongest in Europe. New direct routes are an important contributing factor, as they improve connectivity to markets that are crucial to the Swedish business community and attract capital and knowledge to the region. This direct route is the result of successful cooperation where we, together with the region, have shown Qatar Airways the potential in the western Swedish market. Therefore, it is with great pleasure that Swedavia and western Sweden jointly welcome this large Middle East airline to Gothenburg Landvetter Airport.”Gothenburg, Sweden’s second-largest city, is set to grow by almost a third by the end of 2035. It is an important industrial and business centre, with the largest port in the Nordic countries.Gothenburg also offers many scenic natural attractions for visitors to enjoy, from glistening lakes and granite cliffs, to picturesque fishing villages. Its Bohuslän islands, stretching up the west coast, have been named ‘one of the ten great wilderness areas left in the world’ and are renowned as a kayaking destination. Visitors can also visit Gothenburg’s “Universeum,” which offers a rainforest, a huge aquarium and a variety of exotic animals and plants all under one roof.Qatar Airways launched flights to Stockholm’s Arlanda Airport in 2007. The Stockholm-Doha route, which operates 14 flights per week, is also operated by a wide-body Dreamliner 787 with 22 seats in Business Class and 232 seats in Economy Class.Qatar Airways currently serves the Nordic capital cities of Oslo, Norway; Copenhagen, Denmark; Stockholm, Sweden and Helsinki, Finland, to and from Doha’s Hamad International Airport (HIA). Alongside Helsinki’s current Boeing 787 service, the cities of Stockholm, Copenhagen and Oslo are also served with a fleet of Dreamliner aircraft.Passengers travelling to Sweden in Business Class can look forward to relaxing in one of the most comfortable, fully-lie flat beds as well as avail of the five-star food and beverage service, which is served ‘dine-on-demand.’ Passengers can also take advantage of the airline’s awardwinning in-flight entertainment system, Oryx One, offering up to 4,000 entertainment options.The launch of cargo belly-hold flights out of Gothenburg will also provide a direct uplift for major exports to trade markets in Africa, Middle East, Asia, Australia and New Zealand via the carrier’s state-of-the-art hub in Doha.Qatar Airways Cargo currently offers more than 870 tonnes of cargo capacity each week out of its Nordic destinations Helsinki, Oslo, Copenhagen and Stockholm. As one of the region’s fastest growing cargo carriers, Qatar Airways Cargo serves its customers with a variety of specialist air freight solutions for all kinds of cargo, ensuring their business needs are met. A multiple award-winning airline, Qatar Airways was named ‘World’s Best Business Class’ by the 2018 World Airline Awards, managed by international air transport rating organisation Skytrax. It was also named ‘Best Business Class Seat,’ ‘Best Airline in the Middle East,’ and ‘Best First Class Airline Lounge.’Qatar Airways recently revealed a host of upcoming new global destinations, including the announcement that it will be the first Gulf carrier to begin direct service to Luxembourg. Other exciting new destinations to be launched by the airline include Tallinn, Estonia; Valletta, Malta; Langkawi, Malaysia and Da Nang, Vietnam.Flight Schedule:Doha (DOH) to Gothenburg (GOT) QR173 departs 01:55 arrives 06:35 (Mon, Thu, Sun)Gothenburg (GOT) to Doha (DOH) QR 174 departs 08:05 arrives 16:10 (Mon, Thu, Sun)Doha (DOH) to Gothenburg (GOT) QR177 departs 08:20 arrives 13:00 (Wed, Sat)Gothenburg (GOT) to Doha (DOH) QR178 departs 15:10 arrives 23:15 (Wed, Sat)Source = Qatar Airwayslast_img read more

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Dubai to welcome the first AVANI Hotel

first_imgMinor Hotels has taken over the operations of Mövenpick Hotel Deira in Dubai, with effect from July 1, 2016. The property will operate under the group’s dynamic AVANI Hotels & Resorts brand as the AVANI Deira Dubai Hotel.The change comes after the hotel’s parent company, Bin Sulayem Investments, signed a management agreement with Minor Hotels, making it the first AVANI hotel in the Middle East.The property is conveniently situated just four kilometres from Dubai International Airport and the world-famous Gold and Spice Souks. Guests staying at the hotel will have ample opportunity to explore the city, given its proximity to several shopping malls and the Dubai Metro, offering ease of access to Downtown Dubai, Jumeirah Beach and Dubai Marina.Robert Kunkler, Chief Operating Officer, Minor Hotels, said, “This key acquisition to our portfolio allows Minor Hotels to take a strategic foothold in the Middle East for our fast expanding AVANI Hotels & Resorts brand in what is a vitally important market. AVANI Deira Dubai Hotel will have the freedom to establish and maintain its individuality and distinct character while benefitting from being part of the Minor Hotels portfolio.”“This property being rebranded to AVANI is an important step in the evolution of our owned assets. We are excited to strengthen the current relationship with Minor Hotels and look forward to working with them as a key partner in fulfilling the potential of this uniquely positioned property,” commented Abdulla bin Sulayem, General Manager, Bin Sulayem Investments.last_img read more

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Qantas to begin nonstop flight service between Australia UK in 2018

first_imgTravellers would be able to fly direct between Australia and the UK for the first time in 2018, with the launch of Qantas’ new non-stop Perth-London service.The new 14,498km route, which would be operated using the airline’s brand new Boeing 787 Dreamliner aircraft, is set to begin its operation in March 2018 and would become the first direct connection between Australia and Europe.The Dreamliner series also features lower cabin noise, improved air quality, and technology to reduce turbulence.  In total, Qantas’ B787-9s would seat 236 passengers in business, premium economy and economy class cabins.“When Qantas created the Kangaroo Route to London in 1947, it took four days and nine stops. Now it will take just 17 hours from Perth non-stop,” said Qantas’ group CEO, Alan Joyce.“It’s great news for travellers because it will make it easier to get to London. It’s great news for Western Australia because it will bring jobs and tourism. And it’s great news for the nation because it will bring us closer to one of our biggest trade partners and sources of visitors,” he added.The new Perth-London flights will be available from April 2017.last_img read more

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Air India to start nonstop flight service between Delhi Stockholm

first_imgAir India has announced non-stop flight services between Delhi and Stockholm, starting from August 15, 2017. The services will be operated thrice a week on Wednesdays, Fridays and Sundays, with each flight taking approximately around eight hours. The flight will depart from Delhi at 1400 hrs (IST) and arrive in Stockholm at 1820 hrs (CET). The return flight will leave Stockholm at 2100 hrs (CET) and reach Delhi the next morning.While making the announcement, Air India, Chairman & Managing Director, Ashwani Lohani said, “As part of Air India’s international route network expansion plans, we are happy to announce the Delhi-Stockholm direct flight from August 15, 2017. The flight will be operated thrice a week on Boeing 787 Dreamliner aircraft.”Kristina Ösund, Interim CEO, Visit Sweden, said, “India is a market with great potential for Swedish Tourism. During the last five years more and more Indians chose Sweden as their holiday destination. We look forward to a further growth of the tourism from India to Sweden.”Incoming traffic from India to Sweden has grown over the years. In 2016, Sweden had 175,088 bednights (commercial overnight stays) from India as per the statistics from Tillväxtverket, which was 128% up from the bednights registered in 2011.last_img read more

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Jio Mumbai Shopping Festival promises to be back bigger better next year

first_imgThe Maharashtra Tourism Development Corporation (MTDC) organised Jio Mumbai Shopping Festival 2018 from January 12-31. It was flagged off by Jaykumar Rawal, Minister of Tourism, Government of Maharashtra against the backdrop of the Gateway of India, in the presence of guests including Madan Yerawar, Minister of State – Tourism, Government of Maharashtra.The Jio Mumbai Shopping Festival 2018 is already one of the biggest initiatives and the Ministry of Tourism along with MTDC are determined to make it even bigger in the coming years.Speaking about the success of the festival, its brand ambassador, Devendra Fadnavis, Chief Minister of Maharashtra, said, “It gives me great pleasure to declare that India’s first ever citywide festival, the Jio Mumbai Shopping Festival 2018, saw enthusiastic participation. It is another attempt by your government to improve the quality of life of its citizens.”He added that its success is a feather in the cap of Maharashtra for conceptualising and creating such a vast initiative in the state. It is by far the most inclusive effort undertaken by anyone to involve citizens at multiple locations and it is our belief that the Jio Mumbai Shopping Festival, in the years to come, will become a destination to visit for global travellers, he highlighted.The Jio Mumbai Shopping Festival 2018 saw customers indulge in heritage brands and uncover the local design scene, led by homegrown designers and trendsetters.last_img read more

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Singapore aims to strengthen Meetings Incentive Group travel from India organises MICE

first_img Suggested News 9 Shocking Underwater Discoveries Nobody Still Can Explain brainberries brainberries The 6 Weirdest Articles You’ll Find On WikiHow brainberries brainberries Incredible Underwater Objects Surrounded By Mystery brainberries brainberries You Were Fulled Twice! Ridiculous Health Myths Turned To Be True brainberries brainberries 15 Geniuses Found On The Internet brainberries brainberries 6 Great Ancient Mysteries Of China brainberries brainberries San Francisco Runner Makes Art With GPS-Tracking brainberries brainberries From Enemies To Friends: 10 TV Characters Who Became Close brainberries brainberries GB Srithar, Regional Director (South Asia Middle East and Africa), Singapore Tourism BoardWith a track record of hosting Asia’s prominent events, Singapore continues to deliver innovative solutions for the transfer of knowledge, ideas and connections to drive new possibilities for the Meetings, Incentive, Conventions and Exhibitions (MICE) sector in Singapore. Singapore has been recognised by the World Bank as one of the easiest places in the world to do business (Doing Business 2018 Report, World Bank) and was named the Best BTMICE City at the prestigious TTG Travel Awards in 2018. While Singapore had welcomed 2.46 million BTMICE visitors in 2017, the city saw 1.3 million BTMICE visitors in the first half of 2018.Kicking off its first MICE-focused event for 2019 in India, STB organised a MICE thought leadership seminar in Mumbai with the theme “Meetings & Incentive Travel to Singapore – Forging New Possibilities”. The programme included a keynote presentation by Gokul Bajaj, Head of Sales and Partnerships at Cvent, a leading cloud-based enterprise event management platform with solutions to optimise the entire event management value chain. A panel discussion followed on the topic of “How can the MICE industry leverage technology to better engage their audience?”  Gokul Bajaj, Aikta Tyagi, Vice President & Head of Special Events at Amway India, SD Nandakumar, President & Country Head – B2B for SOTC Travel Ltd formed the panel. The discussion was moderated by GB Srithar, Regional Director (South Asia, Middle East and Africa), Singapore Tourism Board.    A team building activity focusing on Lego Serious Play, conducted by Ludovic Odier, the CEO of Outdoor in Asia, highlighted innovative, high impact and experiential team engagement activities possible in Singapore for M&I travellers. The attendees were updated on new MICE venues, incentive schemes provided by the STB and diverse and exciting array of experiences available in Singapore for M&I groups. The programme was well attended with 150 Indian travel agents and 40 Singapore stakeholders representing hotels, airlines, attractions, Destination Management Companies (DMC) and cruise operators.Speaking on STB’s efforts to showcase Singapore as a destination of choice among the MICE travellers, Srithar said, “India continues to be a key source market for MICE travellers to Singapore. Thanks to the support of trade intermediaries and corporates, we have witnessed a healthy growth in M&I visitor-ship over the past few years. The trade engagement event enabled Indian travel trade to exchange ideas and deepen relationships with the Singapore tourism partners. We look forward to inviting and delighting a good number of M&I groups to Singapore this year.”Considering all travellers, including MICE, from January to November 2018, Singapore welcomed 1.32 million Indian visitors, a 14.4% increase over the same period in 2017. India continues to be Singapore’s third largest visitor arrivals source market. Loading… last_img read more

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New President for NexGen

first_img Share New,New President for NexGen October 26, 2011 434 Views “”NexGen Compliance Solutions, LLC””:www.nexgencompliance.com/, has named a new president with the appointment of Cheri Shine to the position. Shine will take over from the current head of the company, Jeff Adam, who is departing NexGen to open his own financial consulting firm.[IMAGE]Formerly NexGen’s executive vice president, Shine boasts more than two decades in the mortgage business, and she has held diverse roles throughout the industry, including previous experience in lending and title vendor management. Prior to joining NexGen, Shine served as the executive vice president of vendor management, funding, and compliance for “”Bank of America Corp””:https://www.bankofamerica.com/.Nick Liuzza, NexGen’s director, commented on Shine’s hiring, saying, “”Ms. Shine has been the driving force behind TitleHound’s technology and business development strategies over the past two years while acting as Executive Vice President. Her promotion to President is the logical next step to continue our positive business momentum.””In a company statement, NexGen also notes that “”TitleHound””:www.titlehound.com/ is a patent pending software platform that will provide web-based insurance solutions for lenders, brokers, and agents. With her ascension to president, Shine’s duties will encompass the development and implementation of key strategic partnerships, sales and marketing strategies, corporate messaging, and the implementation of best practices and processes related to service levels and product delivery. Additionally, Shine will be responsible for new product development and critical corporate initiatives. Shine’s promotion to president of NexGen includes another title by extension, and she will also simultaneously become the president of TitleHound.com. Possessing expertise that helped her successfully navigate the mortgage crisis, Shine acted as an executive vice president for Countrywide Home Loans for 17 years, and she made the leap to BAC following its assumption of the now defunct company.center_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers Top Corporate Headlines 2011 2011-10-26 Abby Gregory in Data, Government, Origination, Secondary Market, Servicing, Technologylast_img read more

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Citi Launches Military Road to Recovery Tour to Assist Service Members

first_img in Government, Origination, Secondary Market, Servicing Share Citi Launches ‘Military Road to Recovery’ Tour to Assist Service Members “”CitiMortgage””:https://www.citimortgage.com/Mortgage/Home.do announced Thursday the launch of its proprietary “”Citi Military Road to Recovery Tour”” designed to help current and former Armed Services members who need assistance with their mortgages.[IMAGE]The tour will feature five homeowner-support events near military bases all around the United States. At these events, Citi’s Homeowner Support Travel Team of mortgage experts and HUD-approved housing counselors will have individualized discussions with both current service members and veterans. The first event will take place in San Diego, California on June 29.Citi also announced its Citi Military Permanent Change of Station (PCS) Transfer Assistance Program, a reduced payment program for qualifying service members who have PCS orders.[COLUMN_BREAK]Service members required to relocate who have CitiMortgage-owned first mortgages may have their monthly payments on non-escrowed loans reduced to $250 (or to their escrow payment only on escrow loans) for a six-month period.””Military families face many unique obstacles when it comes to purchasing and maintaining a home. With the Fourth of July approaching, we’re glad to offer further support for our troops who sacrifice so much for all of us,”” said CitiMortgage CEO Sanjiv Das. “”We would like to thank the military and veterans organizations and other individuals who have so generously offered their time and expertise to help us in our efforts,”” he added.Military Road to Recovery events are hosted by Citi along with local non-profit housing counseling groups in each market. For the San Diego event, Citi is working with Housing Opportunity Collaborative, a Southern California non-profit that seeks to promote equal access to housing for all people in the region.Other stops on the tour include: Norfolk, Virginia; San Antonio, Texas; and Columbia, South Carolina.Military Road to Recovery events are open to all former and current members of the Armed Services, and participants do not have to be CitiMortgage customers to attend. Citi encourages any military mortgage borrowers who have missed payments in the past or think they will in the future to attend.center_img June 29, 2012 508 Views Agents & Brokers Lenders & Servicers Processing Service Providers 2012-06-29 Tory Barringerlast_img read more

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Fannie Mae Pulls in 18B in Q3

first_img Agents & Brokers Attorneys & Title Companies Fannie Mae Investors Lenders & Servicers Profits Quarterly Earnings Service Providers Treasury Department 2012-11-08 Krista Franks Brock Fannie Mae Pulls in $1.8B in Q3 November 8, 2012 449 Views “”Fannie Mae””:http://www.fanniemae.com/portal/index.html has experienced significant improvements in recent months. The GSE reported a $1.8 billion net income for the third quarter of this year, a notable improvement over the $5.1 billion loss reported in the same quarter last year. [IMAGE]The GSE’s regulator, the Federal Housing Finance Agency, stated in a recent annual report, “”[N]either company is capable of achieving the purposes established by law without the ongoing financial support provided by the U.S. Department of the Treasury.”” However, Fannie Mae’s third quarter report states the entity will not require a draw from Treasury this quarter. It also did not draw from Treasury last quarter. “”Our financial condition has improved markedly,”” stated Timothy J. Mayopoulos, Fannie Mae’s president and CEO. “”We have paid the Treasury $8.7 billion in 2012 and our expected ability to pay taxpayers is growing,”” he continued. [COLUMN_BREAK]In fact, Fannie Mae has incurred a net income of $9.7 billion over the first three quarters of this year, leading the GSE to expect an annual net income for the first time since 2006. Several factors are contributing to Fannie Mae’s improved circumstances, including declining fair value losses, increasing home prices, and increasing returns on REOs. The company’s REO inventory is declining. At the end of the third quarter, Fannie Mae held 107,225 REOs, down from 209,266 at the end of June. Over the third quarter, Fannie acquired 41,884 REOs. The pace of newly acquired REOs appears to be declining. In the second quarter, the GSE acquired 43,783 new REOs. In all, Fannie Mae’s single-family REO inventory totals $9.3 billion. Fannie Mae also reported a decline in its single-family delinquency rate for the tenth consecutive quarter. Currently, Fannie’s single-family rate of 3.41 percent is lower than the private market’s. Addressing those homeowners who are delinquent, Fannie Mae reported 42,000 loan modifications in the third quarter. Since January 2009, the GSE has completed 839,000 modifications. Also, since January 2009, Fannie Mae has provided about $3 trillion in liquidity to the mortgage market, ultimately leading to the financing of 8.9 million mortgage refinances, 2.5 million home purchases, and 1.5 million rental units.center_img in Government, Origination, Secondary Market, Servicing Sharelast_img read more

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Compliance Competition High on the List of Worries for Lenders

first_imgCompliance, Competition High on the List of Worries for Lenders in Daily Dose, Data, Featured, Government, News, Origination, Servicing February 24, 2016 527 Views Competition Compliance Fannie Mae Lenders 2016-02-24 Staff Writercenter_img Share While 2015 was a prosperous year for lenders, a tougher mortgage market lies ahead in 2016. With the Fed hanging at least four rate hikes over the industry, this could place damper on origination business operations.Last year’s mortgage market was filled good news and positive reports including a rise in home sales and housing starts not witnessed since pre-recession times. In addition, accelerated home price appreciation increased purchase mortgage originations year-over-year, while refinance volume increased due to historically low rates.Despite 2015’s positives, the outlook for 2016 is not so bright for lenders. Fannie Mae’s quarterly Mortgage Lender Sentiment Survey Wednesday, which questioned senior mortgage executives in November 2015 about their plans for their origination and servicing businesses in 2016 and concerns they gave moving forward, believes that rising rates from the Federal Reserve will negatively impact lenders’ businesses.According to Fannie Mae’s Senior VP and Chief Economist Doug Duncan, home sales, home prices and homebuilding trends will continue to be positive, but rising rates will hinder refinance originations by more than the projected rise in purchase originations, which will ultimately limit the pie for lenders.Fannie Mae projects that mortgage lender competition will increase due to an expected 11 percent decline in single-family mortgage originations, bringing the total down to $1.51 trillion.”In our view, the shift in focus to a purchase mortgage market puts a priority on shoring up builder and real estate relationships,” Duncan stated. “The expected volume decline, if it occurs, will likely bring some downsizing and merger and acquisition activity. However, layoffs and rehiring are expensive, so there is usually a several-month lag between significant volume turns and staff reductions. Additionally, rates have fallen since the Fed raised rates in December, so there is no sign of a rate rise yet.”The survey found that 88 percent of the lenders reported that they are looking to grow their mortgage origination business, while 12 percent reported to maintain, and no lenders reporting to downsize or exit the origination business. The top two strategies lenders plan to use are “increasing the number of retail branches/loan officers” and “expanding marketing outreach” to grow origination business.Of those surveyed, 76 percent of the lenders have plans to grow their mortgage servicing business, but only 22 percent expecting to maintain and 2 percent expecting to downsize.”Depository institutions and smaller lenders are more likely than mortgage banks and larger institutions to cite “cross-sell opportunities to other financial products” as a key reason, while mortgage banks and larger institutions are more interested in hedging against declining origination volumes,” Duncan stated.In terms of compliance risk, 89 percent of lenders say their concerns with compliance risk have increased since the previous year and 88 percent say compliance risk will be a key area of focus in 2016. Concern over volume decrease risk has fallen compared with one year ago. However, about half of lenders still expect it to be an area of focus in 2016.Click here to view the full report.last_img read more

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Putting Mortgage Servicing Compliance in Focus

first_img in Daily Dose, Government, Headlines, News, Servicing Share Putting Mortgage Servicing Compliance in Focus Compliance Ocwen Financial Corp. Regulation 2016-03-07 Staff Writercenter_img Ocwen’s Chief Compliance Officer, Michael Hollerich, sat downexclusively with MReport to discuss compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance. MReport: As Chief Compliance Officer at Ocwen what does your role entail and what is your background? Hollerich: I joined Ocwen in April 2015 with more than 20 years of experience in mortgage finance and retail banking. I came to Ocwen because of the opportunity this company presents to leverage my experiences in designing and implementing risk and compliance oversight in organizations operating under intense regulatory scrutiny.Ocwen appealed to me because, despite the challenges the Company was going through in late 2014 and early 2015, it never wavered in its mission to help homeowners stay in their homes.At Ocwen, my mandate, which comes directly from our Chief Executive Officer Ron Faris and the Board of Directors, is to provide a new level of leadership to Ocwen’s Compliance Department and its enterprise-wide compliance management system. We are 100 percent focused on enhancing Ocwen’s culture of compliance and setting the tone from the top that our management and Board of Directors have no tolerance for regulatory breaches. We have also established compliance as a ‘trusted advisor’ for our business and ‘independent guardian’ of the organization.MReport:  Can you share what Ocwen has done to create a culture of compliance in the mortgage servicing industry?Hollerich: During my time at Ocwen I feel we have done a great deal in a very short time and we will continue to do more.For example, we created the Company’s comprehensive Compliance Risk Management Program Manual and delivered this manual to every employee in the Company. The manual is paramount to our culture of compliance as it describes the organization’s compliance program and outlines the compliance roles and responsibilities for every employee in the organization from the Board of Directors on down to an entry-level employee.With the support of the CEO and Board Compliance Committee, we continue to ‘look under the hood’ at our control infrastructure using a risk-based approach.  We recently launched an initiative using an independent third party to perform targeted mock examinations of certain complex or otherwise highly regulated processes. These targeted exams focus on the areas in the organization where we are most likely to impact the consumer. If we are to become the best company in the industry at responding to tough examinations from our regulatory partners, we must be leaders in identifying and self-reporting compliance issues.Continuing on the topic of our relationships with regulators, we have committed to making our business unit leaders and subject matter experts available to our regulators both to proactively provide updates about our business strategy, as well as immediately upon request during the course of regulator interactions. This ensures that feedback on potential issues is received first hand by the business leadership who owns the processes and, ultimately, the compliance risk.We also launched an enhanced compliance training program in 2016 to ensure that employees are receiving customized / targeted compliance training relevant to their specific job function.Finally, we created a centralized repository for tracking consumer complaints and feedback across our organization.  We are building the infrastructure to quickly and effectively respond to consumer feedback in order to enhance the customer experience.  This is a critical area for our compliance program and we are getting better every day.Ocwen’s Chief Compliance Officer Michael HollerichMReport:  What are the compelling compliance trends underway now or in the works for 2016?Hollerich: We are currently watching several major compliance trends in the mortgage industry.  First are general regulatory developments. Here we can say that, while the Home Mortgage Disclosure Act (HMDA) reporting requirements will increase, there will likely be a slowdown in rule-making in 2016 and, as such, a fairly stable regimen.Second, violations will play out along certain fault lines.  Last year the Consumer Financial Protection Bureau (CFPB) cited specific areas including: (1) transactions that derived loan originators compensation based on the terms of the transaction, (2) violations related to origination disclosures, (3) deceptive practices driven by overly broad waiver language in home equity loan agreements, (4) violations related to loss mitigation solicitations, (5) violations in the foreclosure process, and (6) deficiencies in compliance management systems.Third, expect increased scrutiny as it relates to fair lending and discriminatory lender practices. These non-compliant practices are of great concern to the industry and its overseers. We have recently seen an increased number of actions brought against various lenders.Fourth, third-party vendors represent an area where there will be much attention, especially as they are also responsible to the customer. Because vendors can create reputational risk, they require risk evaluation, risk monitoring, and reporting.Vendors must comply with consumer protection standards, and their compliance is the responsibility of the lenders and servicers as well. In fact, regulators have made it clear that outsourcing, contracting, and subcontracting does not lessen the accountability of lenders and servicer’s accountability for the work these third parties perform.Fifth, the whole area of customer service will see significant change in the immediate future. It’s an increasingly competitive environment in which lenders will focus on improved customer experience that can presumably lead to new business opportunities. Customer care matters more than ever – from the timing and clarity of disclosures, to documentation of income and assets, to customer complaint management.Sixth, expect even greater focus on data security, privacy, and integrity. Multiple layers of security, including insurance to cover any breaches, are required to ensure that all borrower data must remain private and that it is used properly. In response, the successful mortgage businesses will cultivate an even more sophisticated understanding of their own loan manufacturing processes. Importantly, there will be a trend toward a more vigorous and better use of analytics to identify and remedy process/production issues. Successful companies will use “big data” to their advantage through tracking, trending, benchmarking, and action planning.Finally, expect a broader application of strict debt collection rules under the Fair Debt Collection Practices Act (FDCPA). In light of the other trends we’ve enumerated, this is both a regulatory and bottom-line imperative – all the more so in 2016, as top- and bottom-line pressures increase and regulatory attention intensifies.MReport:  Given the intensified business pressures you’ve enumerated, how can the mortgage industry ensure compliance in such an environment?Hollerich: Let me first clarify what has to be done. A Compliance Risk Management Program (CRMP) must demonstrate the organization’s commitment to comply with laws and regulatory requirements. It must have the full support of senior management and the Board, and it must be explicitly regarded as a top priority throughout the company. Ron Faris, Ocwen’s President and CEO, has made this our company’s top priority and we have made significant investments in our people and processes.  For lenders, a successful compliance program should include policies and procedures to govern the lending process as well as expanded requirements under TILA RESPA Integrated Disclosure (TRID). Our compliance program is very focused on TRID post-implementation testing and we are setting our internal standards very high.Next, there should be a consumer complaint management program in order to respond to specific matters and identify major issues that may lead to lending and servicing violations.Finally, there needs to be active management from the executive leadership team, as well as oversight by the Board of Directors, to establish clear lines of accountability.Implementation is key to compliance and requires thorough document processes, policies, and procedures.To begin with, documentation is a crucial component of compliance, but it is often the most neglected. If tasked with securing the network and preparing for audits, it is absolutely critical to organize and document policies and procedures.  Furthermore, since compliance is an ongoing process, it is essential to always keep documents and information current by scheduling time to review and revise them throughout the year.Second, companies must clearly understand compliance requirements for their specific industry. Every regulated industry is different. Regardless of an organizations compliance program, it is imperative to understand exactly what is required. Remember, some compliance requirements are clearly defined while others provide only vague guidelines.  This is where good collaboration between Legal and Compliance is required to interpret the requirements and understand how they may impact the company’s processes.Third, once proper documentation and a clear understanding of industry requirements is achieved, the next step is to identify which network devices, systems, and applications must be monitored for compliance. Meeting compliance regulations can be challenging when it comes to collecting the necessary audit trails and continuous policy reviews will ease that process.Finally, automate processes wherever possible. Since reviewing audit trails can be a long and challenging task, workloads will be decreased and processes simplified by having the most efficient technology in place MReport: What role does technology play in compliance? Hollerich: A few points, both about compliance and the limits of compliance. First of all, in a world where technology continues to change the way customers interact with the mortgage industry, paperless automation is key to lender compliance with TRID rules. The TRID disclosure requirements present a huge technology systems challenge, and the CFPB is expected to crack down on software vendors that hinder compliance. What the regulators demand is simply good for business. It is no accident that CFPB ramped up its push for an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.Then, there is the separate issue of data breaches, which I touched on earlier. It is very important to understand that adhering to compliance requirements does not guarantee security. Indeed, many regulatory bodies are now making a point to educate organizations that the compliance standards they oversee will not always ensure their company data is secure. To help close the gap between compliance and actual security, far-sighted companies are moving toward a continuous compliance model to help reduce and limit exposure.MReport: What are typically the biggest compliance mistakes and deficiencies in the mortgage industry? Hollerich: There are four specific areas that can be cited as especially problematic.First is origination compliance. Companies need to dedicate time and resources to ensure compliance with Do Not Call registry guidelines, Gramm Leach Bliley Act protection of consumer information, and Fair Credit Reporting Act requirements around consumers and credit reports.Second is advertising and marketing, which relate to both origination and servicing. The CFPB has clearly expressed its views on deceptive advertising in the financial marketplace. Lenders and servicers must have strong compliance oversight practices for all advertising to consumers in order to avoid these kinds of problematic practices.Third is loss mitigation. Modification and loss mitigation infractions continue to plague servicers, particularly when nonperforming loans are transferred from one servicer to another. Servicers need to research existing payment plans and loss mitigation activities that were agreed on by the previous servicer as well as identify payments that are made during the transfer of servicing.Fourth is loan originator compensation. Lenders should follow CFPB regulatory requirements for compensation and have all compensation structures approved by their legal and compliance teams in order to avoid unintentional steering practices and the hefty fines that will result.MReport: Even with the regulatory stability you anticipate for 2016, new regulatory changes affecting compliance are inevitable. What do you see as the most important in the coming months and years? Hollerich: The following upcoming regulatory initiatives should be top-of-mind:First, the TRID grace period ends in 2016 and further clarification impacting non-standard and special loans, for example, will be needed.There will also be increased HMDA reporting requirements in 2018. Twenty-five new data points will be added, along with new reporting requirements for reverse mortgages and HELOCs.In addition, a new CFPB servicing rule will be issued in mid-2016 that will require system changes and address the servicing of troubled loans, transfer of servicing from banks to non-bank servicers, and loss mitigation.We will also see new requirements issued by Fannie and Freddie for mortgage sellers to submit closing disclosure data electronically. This requirement will go into effect by Q4 at the latest and may be mandatory by mid-2017.Finally, the Federal Housing Administration (FHA) will finalize a loan certification rule that will need further clarification as to whether loan defects/errors will result in penalties or, alternatively, indemnification for loan losses.MReport: What is your outlook for compliance in the mortgage industry for 2016 and beyond?Hollerich: In addition to the trends we’ve already covered, I would like to recommend we keep a close focus on some other important areas.First, the new mortgage disclosure requirements will have a sizable impact on lenders’ processes.Second, the new TRID requirements will themselves be assessed once their effectiveness and practicability are determined based on compliance audits that will be conducted and new data sets that will be collected.Third, many institutional investors are refusing to purchase mortgages loans until the CFPB assures them that they won’t have to pay for others’ mistakes. This pullback is significant as it could further slow the issuance of private-label mortgage bonds in 2016. It’s a huge concern at a time when the majority of home loans are insured by Fannie, Freddie, and the FHA.In terms of the broader compliance outlook, I would also like to add a few points regarding fair lending and exception management.Scrutiny of the mortgage industry on fair housing compliance has significantly increased in the past few years as regulatory agencies enforce existing rules and enact new ones. To effectively achieve fair lending compliance and protect against enforcement actions, lenders must have a framework to allow for reasonable exceptions in originations, and they must create a structure so that lending standards are applied consistently.Finally, the intensity of regulatory scrutiny may be unprecedented, which is all the more reason to chart a credible framework that provides for a compliant approach to exception management. March 7, 2016 756 Views last_img read more

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Mnuchin Vote Delayed Following Democratic Revolt

first_img in Daily Dose, Data, Headlines, News Steven MnuchinDemocrats on the Senate Finance Committee boycotted the vote to continue the confirmation process of Treasury Secretary appointee Steven Mnuchin, much to the chagrin of their Republican counterparts.The hearing, moved to Tuesday morning after it was postponed from Monday night so Democrats could participate in events protesting the recent immigration order, saw no Democratic participants taking part in the vote. At least one Democrat is needed for the Senate Finance Committee to form a quorum.Senate Finance Committee Chairman Sen. Orrin Hatch (R-Utah) called the Democrats actions’ “abysmal,” saying never before has the United States gone so long without a confirmed Treasury Secretary.“This has never happened before, that we’ve had this kind of treatment of cabinet officials,” Hatch said. “This is the most pathetic thing I’ve seen in my whole time in the United States Senate.”Hatch said the Democrats presented him with a “list of demands” without which they would refuse to vote on Mnuchin’s appointment. Hatch called their behavior “amazingly stupid.”“I’d like to see someone with courage on the other side,” he said. “Stop posturing and acting like idiots.”Democrats told reporters outside the committee’s chambers that they want more information on Mnuchin’s time at OneWest; specifically, they want him to respond to claims the bank used automated “robosignings” during foreclosures.Sen. Bob Casey (D-Pennsylvania) said via Twitter he has documents showing OneWest engaged in robosigning, contrary to his statements before the committee.“Mr. Mnuchin just hasn’t been straight with the facts,” Casey said. “He must do so before committee process moves forward.”Senate Democrats are using similar tactics to delay the vote on Secretary of Health and Human Services Tom Price, who they say engaged in questionable stock transactions.”Political debate and disagreement is the core of democracy, but refusing to take part in the vote is a dereliction of duty,” said Ed Delgado, President and CEO of the Five Star Institute and former Wells Fargo and Freddie Mac executive. “Steven Mnuchin is an eminently qualified choice for Treasury Secretary, and despite how Democrats may feel about his history he deserves a yes or no vote.”No information on the next attempted vote has been released.Mnuchin, nominated by President Donald Trump shortly after his election in November 2016. He indicated at that time he would roll back key provisions of the Dodd-Frank Act, signed into law by President Barack Obama in 2010 to regulate Wall Street. He also said he would end the governmental conservatorship of Fannie Mae and Freddie Mac.If confirmed by the Senate, Mnuchin would succeed Jack Lew, who took office on February 28, 2013 under former President Barack Obama. Adam Szubin is currently serving as acting secretary. Mnuchin would be the third former Goldman Sachs executive to lead the Treasury after Henry M. Paulson and Robert E. Rubin. January 31, 2017 560 Views Mnuchin Vote Delayed Following Democratic Revoltcenter_img Government onewest Steven Mnuchin Treasury 2017-01-31 Phil Banker Sharelast_img read more

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Housing Professionals Focus on SingleFamily Rental Market

first_img in Daily Dose, Featured, journal, News, REO, Secondary Market, Servicing This week an array of housing and mortgage professionals are assembling at the Renaissance Nashville Hotel in Nashville, Tennessee, as the 2018 Five Star Single-Family Rental Summit kicks off. The three-day event began Monday evening with an opening night reception at the hotel’s scenic Bridge bar before launching into a full lineup of curriculum on Tuesday morning.According to CoreLogic data released in February, single-family rental vacancy rates are declining and prices are on the upswing. In fact, CoreLogic Chief Economist Dr. Frank Nothaft reported that SFR rental prices have grown “nearly 3 percentage points faster per year than other consumer prices.” Clearly, this is a segment of the market that shouldn’t be overlooked, and the Single-Family Rental Summit is a nexus for experts and interested professionals to meet and collaborate on strategies to take SFR to the next level in 2018 and beyond.“From the emergence of institutional investors to the entrance of Fannie Mae and Freddie Mac into the market, an increased recognition for the SFR asset class results in new challenges and opportunities for those willing to capitalize on their promise,” said Five Star Institute President and CEO Ed Delgado. “In many respects, this class of investors provides a stepping stone on the way to homeownership.”The Single-Family Rental Summit’s curriculum is divided into three broad subject areas, with panels and keynote speakers providing deeper, more granular looks at each topic. Tuesday’s curriculum is split between the “Acquisition & Disposition Session” from 9:00 a.m. until noon, and the “Property Management Session” picking up after lunch and running from 12:30 p.m. until 4:00 p.m.The Acquisition and Disposition Session will explore topics such as shaping your rental portfolio with the long-term in mind, the crucial importance of accurate valuation, shaping an effective disposition strategy, and tech innovations that can help provide useful market intelligence.During the Property Management, subject matter experts will discuss how to reduce costs, dealing with local municipalities, the pros and cons of outsourcing property management, and tech advances in portfolio management.Financing will the focus of the day on Wednesday, with the Summit’s activities starting again at 9:00 a.m. with a look at due diligence in the single-family rental space. From there, panel topics will include non-traditional financing options, choosing the right loan product for your portfolio, and how fintech could reshape the rental market.Star Sponsors for the event include Alacrity Services, Auction.com, IRA Services Trust, PointCentral, US Best Repair, Service, and Xactware. Corporate sponsors include 5 Arch Lending, A10 Capital, Angel Oak Prime Bridge, Appraisal Nation, Arcana Insurance Services, Civic Financial Services, CoreVest Finance, Finance of America Commercial, Fund That Flip, Global Strategic Business Process Solutions, Home Depot Renovation Services, Homee, LendingOne, The Mahoney Group, MidAtlantic IRA, National Tax Search, National Tenant Network, National Real Estate Insurance Group, OwnAmerica, Patch of Land, PeerStreet, The PIP Group, RCN Capital, realprotect, RentFax, Residential Assisted Living Academy, Roofstock, SGF Contracting Services, TaskEasy, Think Realty, and Westcor Investor Services.For more information about the Five Star Single-Family Rental Summit, click here. Housing Professionals Focus on Single-Family Rental Market Five Star Single-Family Rental Summit rental investments Rental Properties Single Family Rental Market Single-Family Rental 2018-03-19 David Whartoncenter_img March 19, 2018 792 Views Sharelast_img read more

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Building Successful Servicer Partnerships

first_imgBuilding Successful Servicer Partnerships Editor’s Note: This feature originally appeared in the September issue of MReport, out now.From helping servicers overcome systemic issues, to giving greater recognition to them for superior performance, Freddie Mac’s Servicing Success Program is helping servicers enhance their performance for mortgage loans. Yvette Gilmore, VP, Servicer Relationship & Performance Management at Freddie Mac spoke to MReport about the Servicing Success Program and how servicers can reimagine the business in an industry environment that is constantly changing.M // Can you tell us more about the Servicing Success Program, and how it benefits servicers? GILMORE // There are three components under the Servicing Success Program managed by my team and me. The first is our servicing success scorecard—a detailed performance metric that we lay out for servicers. The scorecard’s details are also available at a broader level so that servicers can determine what loans are driving the performance metrics in their results.The second component is the loan file reviews, where we pull the collection files and compare what the servicer is doing to manage our loans against the policies that we publish in the Freddie Mac Seller/Servicer Guide. Incentives and remedies are our program’s third component. Our remedies help servicers overcome any systemic issues that cause loss to the firm. Those remedies dramatically decrease as the servicer’s performance improves, resulting in incentives for them.We plan to make some changes to this program to further enhance managing servicer performance in 2019. At a broad level, the change would be to give greater recognition for superior performance and making sure we’re upfront about the difference between good servicing and great servicing.M // What trends are you seeing on the servicing side of portfolios?GILMORE // We’re seeing four trends on the default servicing side. The first and most obvious one is seriously delinquent levels (SDQ). In 2010, our SDQ rate was upwards of 4.2 percent. In January 2017, it fell below 1 percent. While these numbers are a culmination of how our team manages performance, the heavy lifting was done by our servicer clients who implemented the policies and procedures necessary to bring the right resources to their borrower clients.The second trend is a change in the composition of our servicer clients. Around 2007, 90 percent of our clients were large national banks. Only 10 percent were nondepositories. In 2017, the share of large national banks doing business with us constituted around 60 percent to 66 percent and 34 percent is represented by nondepositories.We have had to adjust to this change because the needs and requirements of those clients are different and we have learned to customize to those different needs.The regulatory environment is the third trend. We just completed a 2017 mortgage market survey with Fannie Mae and FHFA and our clients were loud and clear about the regulatory environment leading to a definite focus on compliance and how that has led to making sure they’re heavily focused on borrower needs. Regulatory requirements have also driven a dramatic increase in lenders’ cost to service, which makes it incumbent upon us to facilitate efficiencies in the process and remove as much friction as possible given all other external issues servicers are dealing with.The last trend is the need to innovate. As a business, servicing has not seen a lot of innovation in the last 20 years and to give servicers the efficiencies they demand, we must change our processes.M // How do you think servicers should reimagine business?GILMORE // In many ways, servicers are already reimagining their business. For example, one of the ways servicers are managing their different capital constraints is by changing their business model. A few years ago, we had three major subservicers. Now, our large national clients are finding it’s much more cost effective for them to become subservicers. Therefore, they are changing their models; because of which we need to change ours. So now we have scorecards for subservicers, master servicers, depositories, and everyone else in between.Since servicers must have that level of visibility to manage their subservicing clients, we are giving them that level of visibility for their different lines f business.We must also augment and change our processes to reduce documentation and optimally utilize our data. At Freddie Mac, it is very important for us to use our existing data without burdening the servicer to give us even more of it. Therefore, it is imperative for us to collect the right data to ensure that we recognize any systemic inefficiencies at the servicer side, as well as our own.We are looking at reimagining issues like default title, expense reimbursement, and changes to our Workout Prospector, along with smaller, more incremental workstream changes to make it easier for servicers to do business with us.M // How are nondepositories or nonbanks different from their peers? GILMORE // Nondepositories tend to be much more cash sensitive, so when we think about expense reimbursement, we need to figure out ways to get them their funds faster with minimal rework and reconciliations on their part. We are working with our nonbank clients to ascertain what they need from us in that space. The key is to make sure that we are not introducing friction into the process by requesting a lot of documentation.The more cash sensitive your customer is, the more incumbent it is upon you to make their job as cost effective as possible, so they can focus on things like managing the borrower experience and controlling delinquencies.M // How do you facilitate positive servicing practices for change for homeowners? GILMORE // Our file reviews are not just about finding inaccuracies with the servicer. They’re also to give us feedback on how we write our policies.These reviews are also a feedback loop for us. If we see the same negative trend, then we’re not communicating enough because of which our requests are misinterpreted. That results with us making changes to the policy to provide more clarity or change something in it because it’s not easy to implement. As much as we try to make sure that we do that before we put out a policy, our file reviews show us areas where something isn’t working the way it should.I cannot underestimate or understate the importance of having great associates and relationship managers who work day-in and day-out with their servicer clients to understand their business. Not THE business, their business.As we’re thinking about making changes, either to a policy, technology, or process, we have people who have that voice of the customer inside Freddie Mac and they make sure that we have the right and correct line of sight into the end impact of what we’re working on for them. Additionally, our advisory boards preview changes we’re looking to make and give feedback from our servicers to say what may not work the way that we think it should.Our goal at Freddie Mac is to make sure that we understand what those changes are going to be and not react to them but respond to them before they happen.M // How can financial services law firms partner with Freddie Mac for the overall betterment of the industry?GILMORE // In 2013, we stopped our Designated Counsel Program and today we work with law firms through tri-party agreements between them, our servicers, and us. We interact with them daily on litigative matters, conflicts, and issues they see at the state and federal level that are causing friction in the process. Through this information, we’re able to work with our counterparts for a response.We also work with them to make sure that we’re correctly interpreting what they’re giving us and they’re letting us know if there are any trends we’re seeing.  That is really how we work together so effectively.M // As an industry veteran, what would be your advice to someone who is just joining the mortgage industry?GILMORE // I would advise them that the goals of servicing a loan are fairly straightforward, but the implementation of those goals is a complex process. So make sure that you’re networking with your industry peers; getting out to important conferences; make sure that you are engaged and involved in getting trained on what it takes, not just for your narrow focus area but broadly across the servicing space; and make sure that you understand what’s going on from a soup to nuts perspective. There are a lot of great jobs in the servicing industry and the key is to know them, know your peers, and get out there and help borrowers. in Daily Dose, Featured, News, Print Features, Servicing September 4, 2018 1,033 Views center_img Compliance Freddie Mac loans mortgage Performance Servicers Servicing 2018-09-04 Radhika Ojha Sharelast_img read more

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Qantas Business Rewards

first_imgQantas Business Rewards Qantas is launching a new loyalty program aimed at small to medium-sized firms (SMEs), with members of Qantas Business Rewards likely to range from sole traders to people with several hundred employees.The new program is an evolution of the existing Aquire initiative, which has grown to over 125,000 members since launching in 2014. It adds several new features, including earning Qantas Points from the first dollar spent and the ability to increase your earn rate by flying more, with three levels of membership opening up bigger opportunities to earn and access significant savings on future bookings.Under Qantas Business Rewards, when an employee flies on Qantas for work, their business earns Qantas Points. This is in addition to the Qantas Points and Status Credits the employee can earn as an individual Qantas Frequent Flyer.Similar to the Frequent Flyer program for individuals, companies can also earn points for purchases on the ground, ranging from office supplies to recruitment and telecommunications.In the air, eligible flights on partner airlines Emirates and American Airlines will also earn Qantas Points for the business. On the ground, so will making purchases at more than 40 non-airline retail partners.Qantas Group CEO Alan Joyce said the new program was designed to attract and reward small to medium-sized companies for doing business with Qantas and its partners.“Qantas Business Rewards works in much the same way as Frequent Flyer, with a mix of partners that reflect the kind of transactions small businesses make most often, including air travel.“We expect some companies will use the points they earn to reward employees, perhaps through incentive trips for high performers. Others will use them on flights to help reduce their overall travel costs,” said Joyce.last_img read more

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awardsCheapflightsQantas Holidays

first_imgawardsCheapflightsQantas Holidays The inaugural Cheapflights Awards were held in Sydney last week with winners in 18 travel categories crowned after tallying over 14,000 votes. Shortlisted candidates across each category were selected by an expert judging panel of ten key travel and lifestyle media – including The New Daily’s lifestyle editor Susannah Guthrie, Lifestyle.com.au editor Sammy Preston and Fairfax Traveller’s Tripologist columnist Michael Gibecki – before being put to a public vote to choose the favourites.Attended by almost 100 partners, industry professionals, media and influencers at The Private Kitchen in Chippendale, the winners and runners up were announced by guest presenter and Australian personality, Laura Csortan.Thanks to awards partner Qantas Holidays, everyone who voted also had the chance to win a holiday to California worth $7,000.The Australian Awards follow-on from ceremonies in both the United Kingdom and South Africa. Award WinnersAIRPORT EXPERIENCEFAVOURITE AIRPORT – METRO: Melbourne Tullamarine Airport/Runner-up: Sydney AirportFAVOURITE AIRPORT – REGIONAL: Gold Coast Airport/Runner-up: Cairns AirportFAVOURITE AIRPORT – EATING & SHOPPING: Sydney Airport/Runner-up: Melbourne Tullamarine AirportFAVOURITE AIRPORT – SECURITY EXPERIENCE: Sydney Airport/Runner-up: Brisbane AirportAIRLINE AND INFLIGHT EXPERIENCEFAVOURITE AIRLINE – DOMESTIC: Qantas Airways/Runner-up: Virgin AustraliaFAVOURITE AIRLINE – INTERNATIONAL: Qantas Airways/Runner-up: Singapore AirwaysFAVOURITE AIRLINE – CREW: Qantas Airways/Runner-up: Virgin AustraliaFAVOURITE AIRLINE – INFLIGHT ENTERTAINMENT:Qantas Airways/Runner-up: EmiratesBOOKING EXPERIENCEFAVOURITE TRAVEL AGENT: Flight Centre/Runner-up: STA TravelFAVOURITE ONLINE TRAVEL AGENT: Booking.com/Runner-up: ExpediaFAVOURITE TOUR OPERATOR: Contiki Tours/Runner-up: Intrepid TravelPLACES AND EXPERIENCESFAVOURITE DESTINATION – DOMESTIC HOLIDAY:Whitsunday Islands, QLD/Runner-up: Noosa, QLDFAVOURITE AUSTRALIAN EXPERIENCE OR ATTRACTION:Great Barrier Reef/Sydney Opera HouseFAVOURITE DESTINATION – ASIA-PACIFIC HOLIDAY:Japan/Runner-up: Bali/IndonesiaFAVOURITE DESTINATION – LONG-HAUL HOLIDAY: New York/ParisTRAVEL MEDIAFAVOURITE NATIONAL NEWSPAPER TRAVEL SECTION OR TRAVEL MAGAZINE:Escape (News Ltd)/Runner-up:The Australian – TravelFAVOURITE TV OR RADIO TRAVEL PROGRAM: Postcards/Runner-up:Travel OzFAVOURITE TRAVEL SOCIAL INFLUENCER/BLOGGER:World of Wanderlust/Runner-up: Melbourne Girllast_img read more

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Constructed using lightweight composite materials

first_imgConstructed using lightweight composite materials, the 68-metre 787-10 is the longest variant of Boeing’s Dreamliner range of aircraft. With exceptional operating efficiency and advanced technology, the newest addition to the Airline’s fleet is designed to offer a more tranquil cabin experience. Customers can look forward to customisable lighting preferences with large electronically dimmable windows, cleaner air, and a quieter and smoother ride.TOP IMAGE: Ribbon Cutting at Boeing South Carolina airlinesBoeing 787-10Singapore Airlines Singapore Airlines has beaten out its competitors to be the first airline to take delivery of the new Boeing 787-10 from the manufacturer’s production facility in North Charleston, South Carolina. Boeing’s newest aircraft variant, which is due to enter commercial service next month, is the first of 49 787-10s that SIA has on firm order and was formally delivered at a ceremony on Sunday, 25 March 2018 in North Charleston, attended by SIA CEO Mr Goh Choon Phong.“It is an honour for us to be the world’s first airline to take delivery of this amazing aircraft. The 787-10 is indeed a magnificent piece of engineering and truly a work of art. It will be an important element in our overall growth strategy, enabling us to expand our network and strengthen our operations,” said Mr Goh. “The delivery of the first 787-10 underscores our longstanding commitment to operate a modern fleet, and marks the start of a new chapter in our shared story with Boeing.”SIA’s 787-10s will be used for flights up to eight hours. Osaka and Perth will be the first scheduled destinations to be served by the new aircraft, from May 2018. Prior to the introduction of these services, the aircraft will be operated on selected flights to Bangkok and Kuala Lumpur for crew training purposes.The 787-10s will feature SIA’s new regional cabin products, configured with 337 seats in two classes, featuring 36 Business Class and 301 Economy Class seats. The new products will be unveiled at an arrival ceremony in Singapore on 28 March 2018, after the aircraft’s delivery flight from North Charleston via Osaka. The Guest-of-Honour for this event will be Mr Khaw Boon Wan, Singapore’s Coordinating Minister for Infrastructure and Minister for Transport.last_img read more

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Dbacks president Derrick Hall Franchise still f

first_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Top Stories What an MLB source said about the D-backs’ trade haul for Greinke The Cardinals need to see improvement from their offensive line, and it may come by way of forced change. Through retirement and free agency, there are many players who will have to sign on the dotted line if they are to remain wearing Cardinal red. Lyle Sendlein is one such player.Re-up: Sendlein emerged from undrafted rookie to starter on a team that went to the Super Bowl. A team captain, he anchors the line has proven to be one of the better pass blocking centers in the league. Cardinals expect improving Murphy to contribute right awaycenter_img Nevada officials reach out to D-backs on potential relocation Reject: With great skill comes great paycheck, and that may be what lies ahead for Sendlein. Would another team offer more than the Cardinals are willing to? Comments   Share   last_img read more

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The 25yearold who played his college ball at Ge

first_imgThe 25-year-old, who played his college ball at Georgia, is the son of former Cardinals kicker Kevin Butler.The move was necessary for the Cardinals because veteran Dave Zastudil has been bothered by a groin injury. Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals announced the signing of punter Drew Butler Monday, just hours before their-season opening game against the San Diego Chargers at University of Phoenix Stadium.Butler was out of the league last season, but punted in all 16 games for the Pittsburgh Steelers in 2012, averaging 43.8 yards on 77 punts. He was released by Detroit during the preseason after losing a position battle to Lions’ fifth-round pick Sam Martin.center_img Grace expects Greinke trade to have emotional impact Comments   Share   Former Cardinals kicker Phil Dawson retireslast_img read more

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The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Corner Patrick Peterson added that he put the loss on his shoulders after getting burned time and again by Atlanta receiver Julio Jones. Jones had a career day, snagging 10 receptions for 189 yards and a touchdown to contribute to Atlanta’s 500 yards of offense. “We did not come out and match their intensity,” said head coach Bruce Arians postgame. He added that failing to “re-set the tempo” of the game at the beginning of the third quarter was also a factor.Arizona also lost Andre Ellington, Tyrann Mathieu and Paul Fanaika in the first half alone, adding to the growing number of first-stringers on the sideline. Backup running back Marion Grice came in for Ellington and only had 16 yards on five carries to add to Arizona’s meager 35 total yards on the ground. The Cardinals will try to handle this adversity in the upcoming weeks, when their opponents will include the playoff-contending Kansas City Chiefs and finish with all three division rivals. “I’m very disappointed in the way we showed up,” said Arians. “Like I said, everybody’s looking for answers. And when you look in the locker room, there’s only one place you look — you look in the mirror. And don’t lie to that guy.” Derrick Hall satisfied with D-backs’ buying and selling Johnson echoed his coach’s sentiment. “We definitely have to look in the mirror. Hopefully, everyone takes this personal.” 0 Comments   Share   Top Stories Former Cardinals kicker Phil Dawson retires Seeing a hunk of gum on the bottom of your shoe. A dumpster full of diapers and expired brisket. Slime eels. The Cardinals’ loss to the Atlanta Falcons. These are all ugly things. One doesn’t have to be. The Cardinals can still pull out of this two-game slump they’ve found themselves in after today’s loss to the Falcons Sunday. They’ll just have to re-evaluate themselves first. “Right now, we have something called adversity,” Cardinals safety Rashad Johnson said to Arizona Sports 98.7‘s Paul Calvisi. last_img read more

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