Singapore Airlines adopts Amadeus Revenue Management

first_imgAmadeus announces a deepening of its partnership with Singapore Airlines, with the airline signing up for the full suite of Amadeus Revenue Management solutions.This will provide the airline with the necessary platform to future-proof its revenue management capabilities, allowing the carrier to react more nimbly in the face of a rapidly evolving landscape.With this agreement, Singapore Airlines will adopt Amadeus Altéa Network Revenue Management,a next generation O&D based Revenue Management system designed with the future in mind, fully integrated with new merchandising practices such as dynamic pricing, fare families and ancillary sales.Drawing on data from multiple sources, it will provide faster, more accurate and intelligent recommendations on the best price and packaging of airline offers.“A changing landscape requires a revolutionary approach. Traditional revenue management is no longer adequate to support the complex needs of network carriers, and this is where ‘big data’ creates opportunities for more sophisticated practices,” said Julia Sattel, Senior Vice President, Airline IT, Amadeus IT Group.“Amadeus is in a unique position to offer solutions that extract value from our extensive data, so that airlines can meet traveller purchasing habits across a variety of channels and devices.”Singapore Airlines will also adopt the Amadeus Dynamic Pricing and Amadeus Altéa Group Manager solutions.Hazem Hussein, Executive Vice President, Airline Commercial, Amadeus Asia Pacificcommented, “Singapore Airlines and Amadeus have enjoyed a longstanding partnership that has been built on a shared commitment to innovation and customer service.“Singapore Airlines had a clear vision for the next stage of its revenue management and pricing strategy, and we are pleased to have been chosen to bring this vision to life.” AmadeusSource = Amadeuslast_img read more

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Important Notice from MSC Cruises

first_imgMSC Cruises www.msccruises.com.auImportant Notice from MSC Cruises – Sales Channels Unavailable Monday 5th September 2016MSC CRUISES would like to advise that on MONDAY 5th September 2016 until 3pm, they will be performing several software updates across their entire sales channels including MSC Online, API and MSC Cruises website. The maintenance is required to improve and optimise the performance and usability of all our systems to assist our trade partners. During the timeframe above please email reservations@msccruises.com.au or call 1300 028 502.Note our staff will not be able to access bookings or make changes so please action all urgent items today and tomorrow.Source = MSC Cruiseslast_img

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Tourism has the potential to become backbone of the Indian economy Dr

first_imgThe Minister of State for Tourism, Culture and Civil Aviation, Dr Mahesh Sharma has said that tourism has the potential to become the back bone of the economy of the country since it is a means to earn foreign exchange, generate employment and create women empowerment. Speaking at the interactive session and the press conference of Indian Association of Tour Operators (IATO) in New Delhi, Dr Mahesh Sharma said that the world has become a global village and tourism is a powerful tool to connect our country to the rest of the world.Appreciating the role played by private stakeholders like IATO in promoting tourism in the country, Dr Mahesh Sharma said that the participation of the private sector should be explored to the maximum possible extent to promote tourism and to meet tourism related targets.The Prime Minister, Narendra Modi has been playing the role of Brand Ambassador and promoting India before the world. The Foreign Tourist Arrivals (FTAs) from these countries visited by the Prime Minister have shown a substantial increase, Dr Mahesh Sharma disclosed. Highlighting the value of Indian Handicrafts as part of the Indian culture, the Minister said that promotion of handicrafts must be made an essential part of tourism promotion.Secretary, Ministry of Tourism, Dr Lalit Panwar said that the measures like e-tourist visa taken up by the government recently have shown tremendous results. He requested IATO members to give it wide publicity and encourage tourists to make use of this facility.The President of IATO, Subhash Goyal disclosed the 31st annual convention of IATO will be held in Indore from August 20 to 23, 2015, which will also help to give fillip to tourism in the state.last_img read more

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Importance of incorporating Responsible Travel in Education Sector

first_imgGuest Column: Responsibly Yours by A Lajwanti Naidu & Gaurav Bhan BhatnagarEmphasis by ancient Vedic scriptures on travelling and its importance in modern educationBy A Lajwanti Naidu Our ancient scriptures from Vedic times have emphasised that practical and holistic learning can be imparted by travelling.  The term ‘atana’ in Sanskrit literature means going out. Out of this derived the three most important words Deshatana, Thirtanaa, and Paryyatana.• Deshantana means going out of the country for knowledge and economic gains• Thirthana means visiting religious and spiritual places for Spiritual gains• Parytanaa means visiting various destinations for knowledge and pleasureTo supplement the above deliberations, in Ramayana Rama and Lakshmana were sent to study with sage Vishwamitra and Vasishta. The Kauravas and Pandavas learnt from the great warrior teacher Dronacharya. In spite of the luxuries these princes lived, they were moved out of the comfort zone into a Gurukul to adopt themselves to guru shishyaparampara style of living.In today’s modern world where devices are used for Development and Technology for teaching, a student is unable to comprehend the essentials in education. Therefore it is important for us to incorporate travel experiences in education sector. And not just another travel experience, but a responsible travel experience.It is imperative that every student learns the A-B-C-D-E of Responsible Travel –• Authentic learning• Biodiversity learning• Class room learning outside class room• Demonstrative learning• Experiential LearningAuthentic LearningSteve Revington defines authentic learning as real life learning that encourages students to create a tangible, useful output to be shared with their world. Instead of vicariously discussing topics and regurgitating information in a traditional modality, students indulge in real life tasks, or simulated tasks that provide them with opportunities to connect directly with the challenges of real world.Our greatest short coming in education in past few years has been to ignore the brain research that affirms implementing multi-sensory activities, pursuing meaningful tasks, and exploring a variety of skills that involve stimulation of the five senses. Neuroscience shows that using all senses maximises the learning experience. Optimal learning is interacting, innovating, exploring, and collaborating for meaningful outcomes while having ample time to nurture a greater depth of reasoning.In an authentic learning model the emphasis is on the quality of process and innovation. It’s about allowing students to pursue individual learning opportunities that are unique to their interests, through real life processes. It’s about engaging in activities that students care about and can be immersed in a meaningful experience.Bio-diversity learningThe academic curriculum in science talks about species of plants, birds, and animals. But the course books and even the modern visual stimulation based learning systems do not give practical experience.  Thus nature walks and rural travel has to be a part of the education system. The United Nations Development Programme on education can help us better understand the value of biodiversity and the causes of biodiversity loss. It also gives examples of how educators and students can help conserve biodiversity. It aims to increase public awareness of biodiversity issues by inspiring stakeholders, including young people, teachers and media professionals.One country alone cannot achieve sustainable development. It requires an intentional and sincere international effort. Indigenous knowledge systems developed with long and close interaction with nature should drive the modern knowledge systems. Scientific knowledge of the Earth’s history and mineral resources, knowledge of ecosystems and biodiversity, and the interaction of humans with ecosystems are important to help us understand how to manage our planet for a peaceful and sustainable future.Activities like river rafting nature trails, Kayaking not only stimulate the child physically it gives a sense of responsibility to keep the rivers clean.Classroom learning outside classroomTraditionally, the education system in India was Gurukul based with Guru shishyaparampara as its pivot. Teachers like Droncharya or Vishwamitra wanted their students to learn from nature, which, in modern terms we call Wilderness education.Several countries are now adopting to learn outside of the classroom.  This kind of education system states that every young person (0-19yrs) should experience the world beyond the classroom as an essential part of learning and personal development, whatever their age, ability or circumstances.The next section below talks about practical implementation of Responsible tourism and role of a Responsible tour operator. However, before a student embarks on a journey to explore the world, it is imperative to get well versed with his own country and its people. Work of a Responsible tour operator is not only to build travel arrangements, accommodation, and coordinate a programme. Their work encompasses direct benefit to the social, financial and environmental well being of a place and its people. Their work is to design best practices, deliver trainings, standardisation of sustainable processes and initiatives at grass root level to enhance micro-entrepreneurship with minimal impact on environment and bio-diversity.Students at a very young age require the knowledge, skills and understanding to live in and contribute to a global society. This begins with an understanding of the world in which we live, including the languages, values and cultures of different societies.These activities help to develop self-esteem, self-confidence, decision making and independence. They also give young people the opportunity to experience other cultures, meet and develop new friendships and thus broaden their horizons, communication and leadership skills and practical knowledge.Demonstrative LearningDemonstrations can be used to provide examples that enhance lectures and to offer effective hands-on, inquiry-based learning opportunities in classes or labs. Current research suggests that not allowing young people to engage in independent mobility and environmental learning denies them the opportunity to develop the skills and resilience that they need to be able to be safe and manage complex environments. There are also indications that such restrictions have long-term implications for young people’s future development, health and well-being.It is sometimes argued that exposing young people to any risk is dangerous. In fact, the opposite is true. Teaching young people to manage risks for themselves and take sensible decisions makes them safer. It also helps them to develop as mature adults, responsible and mindful of others.Learning outside the classroom helps young people to develop the ability to cope with and experience a wide variety of challenges. It requires them to make informed choices and to understand and take responsibility for the consequences. It leads to a positive ‘can-do’ attitude. Risk and challenge can be provided in all learning outside the classroom contexts – from activities within school grounds, to adventurous expeditions overseas.The challenges which young people face in many learning activities outside the classroom require the management of risk. Managing risk through appropriate planning, supervision, proper equipment and a regard for other factors such as the weather or the time of day is what contributes to making these activities safe for young people while still offering sufficient challenge. These activities not only give young people the opportunity to manage risk for themselves, but also provide wonderful opportunities for them to be actively involved in risk management planning.Experiential LearningIt is a philosophy and methodologies in which educators purposefully engage with students in direct experience and focused reflection in order to increase knowledge, develop skills, and clarify values.  Experiential learning is also referred to as learning through action, learning by doing, learning through experience, and learning through discovery and exploration, all which are clearly defined by these well known maxims:• Experiential learning occurs when carefully chosen experiences are supported by reflection, critical analysis and synthesis• Experiences are structured to require the student to take initiative, make decisions and be accountable for results• Throughout the experiential learning process, the student is actively engaged in posing questions, investigating, experimenting, being curious, solving problems, assuming responsibility, being creative and constructing meaning• Students are engaged intellectually, emotionally, socially, soulfully and/or physically. This involvement produces a perception that the learning task is authentic• The results of the learning are personal and form the basis for future experience and learning• Relationships are developed and nurtured: student to self, student to others and student to the world at large• The instructor and student may experience success, failure, adventure, risk-taking and uncertainty, because the outcomes of the experience cannot totally be predicted• Opportunities are nurtured for students explore and examine their own values• The instructor’s primary roles include setting suitable experiences, posing problems, setting boundaries, supporting students, insuring physical and emotional safety, and facilitating the learning processRealising the change – Experiences from a traveler and entrepreneur in Responsible travelBy Gaurav Bhan Bhatnagar You will instantly relate to this if you are a parent. In the race to give your children the best modern education, have your children somewhere lost the connection to their land and its people? Are your children spending too much time on internet, phone, video games and less time playing real games outside? Are they facing relationship issues because all that they have experienced in the name of relationships is random friend requests and post likes on Facebook? Do they have lack of clarity about what to do in life, lack of patience, lack of capability to solve problems independently and lack of tolerance to life’s issues? Do you think that the more you try to give a direction to your child’s life, the more your child resists it as unnecessary and unwanted preaching?I was once leading a workshop on travel writing for students when I asked them about where the vegetables and fruits come from? I was surprised to see blank faces. The students did not know that we get our food from farms. The students belonged to one of the top university of India. It makes me re-think about the kind of education we are delivering. When I asked them about what they wanted to become, they responded with answers like – Lawyer, Entrepreneur, Businessmen, or Engineer. But when I asked them about how their choice of career will benefit the people and what skills will they develop to solve people’s problems, they did not have an answer. They had never thought this way.Students go through extreme pressure of studies, of building a career and earn a living, of getting influenced by glamorous life without knowing the hard work behind it. It is also important to keep them grounded. But that does not happen by giving them daily pep talks. It comes by exposing the children to various facets of life. And the best way to expose them to it is via travelling. Allow them to travel to far flung places in India and live with local communities. Allow them to meet new people and discover new places that no one has ever heard of. Allow them to volunteer, make mistakes, fall and then make things right themselves. Allow them to go through a process of self discovery.But why should we do it? Parents have often asked me this question with a look of bewilderment on their face. They often ask me – Are you saying that travelling is more important than marks in school subjects? Are you saying that we should ask children to leave studies and wander off to unknown places? I certainly don’t mean to say any of those. What if I tell you to expose them to the right kind of travel experience that makes them learn life skills?That is where Responsible Travel comes in picture. I visited Kumaon back in 2012 with a group of American students. We lived the lives of a local and each daily activity taught us a new lesson. We started with gathering food from the farms, cooked, and then served it to everyone in the village while the women sang local songs. I remember one American girl crying out loud. She had never experienced a sense of community and love. She hailed from a dysfunctional family where her parents never got along well and lived separately (although not divorced). She had gotten used to do each and everything in her life on her own. She had grown to be a person who was smart, strong and independent from outside but lonely and scared from inside.During her interaction with the village community of Kumaon, she experienced the sense of belongingness and love. Although she was only a teenage girl, she had stayed away from the child inside her. She shared that she was now able to happily accept people into her life without the barriers of their economic background, race, religion and geographical location. She experienced a freedom which will catapult her career and life to another level. She had gone beyond the negative news pieces that she heard daily. She has gone beyond the barriers which people put around us by telling us how bad this world is. For the first time she wanted to go back home and hug her parents. She no longer had the need to be independent, strong (and alone) but a part of a community.It has taken us years of hard work and sleepless yet excited nights to gather the still miniscule knowledge we have in Responsible travel. We have implemented standard operating procedures which include safety, responsible travel, sanitation, safety and a responsible system to distribute money that our customers pay. When children on our trips learn with excitement the basic practices of waste management, it leaves us with a satisfaction of having made a change in society. They also learn respect, contribution, living in a community, leadership, communication and love.The west is currently going through the turmoil of broken relationships and lack of direction in life. Ironically, we are teaching our children to follow the west. I have got the best education in a convent school and then in an engineering college. According to what they said, I was ready to take on any challenge in life. Let alone any challenge of life, I wasn’t even ready to take on any challenge in my job when I completed engineering. I had grown up to be a person that hated India and wanted to migrate at the first opportunity. I had grown to be a self centered and arrogant person. The initial enthusiasm of getting a new job somehow helped me push through the first three years. But soon I was left with a sense of no direction, confusion, suffocation and other emerging societal pressures. My conventional education hadn’t given me skills to deal with such situations, but 5 years of travelling did. I gladly steered my career towards travel writing but not every student or a freshman in job gets a chance to do so. Why not train our children at a very early age?Now what next? As a parent if you are considering exposing your child to life’s learning skills through responsible travelling, the next question is – “How”. Such a travel experience would generally take them through activities like exposure to local communities, wilderness education, training on communication and observation skills, volunteering, farming, exposure to environment issues, training on living a balanced and sustainable lifestyle and many more that develop their holistic personality. You can begin by approaching your child’s school and asking them if they do such activities. The Folk Tales (www.thefolktales.com) provides career growth, entrepreneurship and leadership programs for children that are activity based and trains children in life skills through Responsible Travel. You can begin by enrolling your child into one of such trips.As parents we have seen tough times and have worked hard to earn a living. Naturally, we want our children to get the best. But in that process, do not forget to make them street smart. Make them a problem solver and an innovator, not a mere follower of the masses.last_img read more

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Kulmeet Makkar

first_imgI have not seen a larger exhibition than OTM before. We are very happy that OTM has realised the potential of the collaboration between tourism sector and film industry. By organising this workshop Shoot at Site, OTM has provided a great learning platform for both the film industry and the tourism boards. We need to take this forward and build this relationship stronger, and try to create a roadmap where it is beneficial and win-win for both the sides. One should see by coming here the value and potential of the travel industry which people are not aware of. All the best to OTM.last_img

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HighLTV Originations See Sharp Increase Under HARP

first_imgHigh-LTV Originations See Sharp Increase Under HARP Share July 9, 2012 427 Views in Data, Government, Origination, Servicingcenter_img Overall, mortgage originations declined in April. However, originations for loans with high loan-to-value ratios have been on the rise the past few months with April as no exception, according to the latest data from “”Lender Processing Services””:http://www.lpsvcs.com/Pages/default.aspx (LPS) released Monday. [IMAGE]LPS suggests the rise in high-LTV originations could be a sign that HARP is having an impact on originations the past few months. Total loan originations dropped 12 percent in April after rising steadily since the beginning of the year. [COLUMN_BREAK]April originations are still up year-to-date by 9.3 percent and year-over-year by about 7.4 percent. The percentage of non-FHA originations has also been on the rise since for several months, and it did not drop off in April. In fact, non-FHA loan originations have risen steadily since November 2011 when they took up 20.2 percent of total loan originations to 33.8 percent in April. On the other hand, high LTV loans, those with LTVs of more than 80 percent, posted a sharp increase early this year after declining toward the end of last year. The number of high LTV, non-FHA originations jumped from 85,000 in January to 112,000 in February and then 130,000 in March. The category has leveled off this month at 131,000. While HARP may be having an impact on the originations sector, the housing market continues to struggle with high levels of foreclosures, especially in judicial states, where foreclosures must be processed by the courts before they are completed. Foreclosure inventory nationwide stands at 4.14 percent, according to LPS’ May data. In judicial states, foreclosures make up 6.5 percent of housing stock, while in non-judicial states, inventory is much lower, 2.46 percent. Agents & Brokers HARP Housing Affordability Investors Lender Processing Services Lenders & Servicers Loan-to-Value Ratio Processing Refinance Service Providers 2012-07-09 Krista Franks Brocklast_img read more

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FirstTime Jobless Claims Drop as Sandy Recovery Continues

first_img Agents & Brokers Attorneys & Title Companies Bureau of Labor Statistics Investors Jobs Labor Department Lenders & Servicers Processing Service Providers Unemployment 2012-11-21 Mark Lieberman in Data, Government, Origination, Servicing Share First-time claims for unemployment insurance fell 41,000 to 410,000 for the week ending November 17, the “”Labor Department””:http://www.ows.doleta.gov/press/2012/112112.asp reported Wednesday. Economists expected 415,000 initial claims filings. [IMAGE]The previous week’s report was revised upward to 451,000 from the originally reported 439,000. In addition to the direct impact on businesses, Hurricane Sandy, which ripped through the East Coast on October 29, forced the closing of government offices that process claims filed by telephone or online.Continuing claims–reported on a one-week lag–fell 30,000 to 3,337,000 after spiking up 193,000 one week earlier. The previous week’s initial report of 3,334,000 continuing claims was revised upward to 3,367,000. The continuing claims report tracks the number of longer term unemployed who qualify for regular state jobless benefits. On a longer-range trend basis, the four-week moving average of initial claims increased 9,500 to 396,250, and the four week moving average of continuing claims rose 19,500 to 3,285,000.The Labor Department report, usually released on Thursday, was moved up by one day because of the Thanksgiving holiday. Although the report is revised regularly, the revision for this week’s report could be affected by the shorter preparation time. Claims filings might also be affected next week by the holiday since although claims can be filed electronically, government workers will face a processing backlog due to a shorter workweek.The volatile movement in both data sets resembled reports which followed Hurricane Katrina, which ravaged the Gulf Coast in 2005, and Hurricane Isaac, which hit the East Coast in August 2012, causing temporary spikes in filings for initial claims for unemployment insurance. While filings for first time claims should settle back, high levels of continuing claims could linger as businesses struggle to recover from the storm. Indeed, if individuals idled by the storm get other jobs, it could stall the storm recovery as businesses struggle to find experienced replacements.In 2005, initial claims returned to trend about a month after Hurricane Katrina, but continuing claims remained elevated for nearly five months. The recovery from Hurricane Isaac was faster, with continuing claims returning to trend in about a month.[COLUMN_BREAK]Because of the timing of the other storms–at the end of the month rather than mid-month, when data used to calculate the unemployment rate is measured–neither Katrina nor Isaac had a significant impact on the unemployment rate.This report covered the same week as the monthly employment situation report. From mid-October to mid-November, the number of initial unemployment insurance claims jumped 18,000–the largest mid-month to mid-month increase since June. For June, BLS reported a 29,000 increase in the number of individuals counted as unemployed and an 8.2 percent unemployment rate, unchanged from May. To be considered “”unemployed,”” an individual has to meet three criteria: They must be out of work, available for work, and looking for work.While Sandy could have a muted on the unemployment rate, it could also show up in the jobs count, a separate survey conducted by the Bureau of Labor Statistics (BLS). The BLS report for November, to be released on December 7, will include survey data received by December 3. An individual who was paid for any part of the week including November 12 is counted as a job, but businesses shuttered by the storm may be too consumed by repairs to submit a voluntary response to the jobs survey.The total number of people claiming benefits in all programs for the week ending November 3 was 5,241,296, an increase of 244,125 from the previous week. There were 6,728,664 persons claiming benefits in all programs in the comparable week in 2011. Extended Benefits were only available in New York during the week ending November 3. According to the BLS, unemployment was 12,258,000 in October, which means that of those individuals counted as unemployed, 7.02 million were not receiving any form of government unemployment insurance, up from 7.28 million one week earlier.States have been borrowing from the federal government to cover shortfalls in those funds which will eventually have to be repaid–unless Congress intervenes–with higher assessments on employers. Since those assessments are a percentage of payrolls, they discourage employers from adding new workers. As of November 19, 20 states have an aggregate $25.9 billion in outstanding loans to cover shortfalls, down from $26.01 billion one week earlier. Absent Congressional action, interest on those loans could lead to states increasing contribution rates required from employers.The Labor Department said states reported 2,156,363 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending November 3, an increase of 60,758 from the prior week. There were 2,896,640 persons claiming EUC in the comparable week in 2011. According to the Labor Department detail, also reported on a one-week lag, the largest increases in initial claims for the week ending November 10 were in New York (+43,956), New Jersey (+31,094), California (+24,693), Pennsylvania (+7,037), and Connecticut (+1,808), while the largest decreases were in Ohio (-4,996), Indiana (-877), Arkansas (-665), Massachusetts (-607), and Maryland (-576).center_img November 21, 2012 402 Views First-Time Jobless Claims Drop as Sandy Recovery Continueslast_img read more

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ALTA Breaks Membership Records

first_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers Title Insurance 2013-05-02 Tory Barringer The “”American Land Title Association””:http://www.alta.org/ (ALTA), the national trade association of the land title insurance industry, announced it has achieved all-time record membership for the fourth consecutive year.[IMAGE]To date, ALTA has 4,271 member companies, beating last year’s membership record by more than 200. The roster of members includes title insurance companies, title agents, abstracters, and real estate attorneys. The majority of members are small business owners who rely on the variety of services and benefits offered to them.””We are very excited that we have more than 875 new member companies this year,”” said ALTA CEO Michelle Korsmo. “”In addition to recruiting large numbers of new member companies, we continue to increase the number of our existing members who renew their membership annually. We are confident 2013 will continue to broaden the reach of our association within the land title insurance industry.””The association expects membership to grow even further throughout the remainder of this year.””Each day the voice of our industry gets stronger because of the new members we gain,”” said ALTA president Frank Pellegrini. “”By continually growing, the association can better serve an industry that protects the ‘American dream’ for millions of consumers each year.””In addition, ALTA announced it will continue to offer and develop enhanced benefits, assisting current members and drawing in more.””In the past year we have launched several new programs, overhauled many existing programs to best serve our members and developed industry Best Practices that highlight procedures the industry exercises to protect consumers and lenders, while ensuring a positive and compliant real estate settlement experience,”” Korsmo said. in Data, Government, Origination, Secondary Market, Servicing Sharecenter_img May 2, 2013 440 Views ALTA Breaks Membership Recordslast_img read more

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Homebuyer Survey Helping Sellers Market Properties

first_img Share Homebuyer Survey Helping Sellers Market Properties A Trulia survey released Wednesday found that a key selling point for buyers are schools and areas that market quality schools. A good school district can be a determining factor for a buyer when purchasing a home, especially for families with children.Of those surveyed, 19 percent of Americans indicated that their dream home is located in a great school district. However, among parents of children under 18, the percentage of Americans who want to live in a great school district jumps to 35 percent, in contrast to 12 percent of those without kids.In addition, the survey also found that a great school district is nearly twice as important to those who search online for their dream home on a weekly or monthly basis than those who only search annually.Trulia compared the frequency of school mentions across markets and found variation among listings that use schools as a selling point.Metros with the highest share of school mentions, talk about schools in as many as 3 in 10 listings, the survey says. At the top of that list is Orange County, California with 28 percent of listings and San Jose, California with 25 percent of listings mentioning a school.Among the top ten housing markets with homes noting a school district, half are in California, two are in Michigan, and three are distributed between Pennsylvania, Colorado, and Louisiana. In these top 10 markets, schools appear in 17 percent to 28 percent of listings.”In housing markets where all the schools are equally good, home sellers are less likely to highlight schools in their listing descriptions,”Trulia noted. “But in markets like California where the quality of the schools can vary from being great to awful, schools can be a major selling point for prospective buyers.”On the other hand, there are housing markets where schools are rarely used as a selling point and only about 1 percent to 5 percent of listings mention schools. Markets where schools are less pronounced as a major selling point are generally located in Connecticut, Ohio, Pennsylvania, Massachusetts, and Nevada.Trulia determined home prices are usually higher in great school districts, however these higher prices could be the result of higher-income residents living in those districts. The analysis of the survey data found that mentioning the word “school” in a for-sale home’s listing description does not consistently add to the price of a home or detract from it.”In most housing markets, it pays to brag about your local school district if it really is a great, excellent, distinguished, award-winning, or highly-rated school,” Trulia concluded.Click here to view Trulia’s complete survey.  August 12, 2015 489 Views center_img in Daily Dose, Data, Featured, Market Studies, News Good Schools Homebuyers Selling Points Trulia 2015-08-12 Staff Writerlast_img read more

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Fannie Reports Large Drop in Income in Q1

first_imgFannie Mae reported $2.8 billion both net and comprehensive income for the quarter, the exact amount of the dividend amount it expect to pay the Treasury Department in June. But that income for the quarter was nearly half what the GSE reported in Q4 of 2016.In January, Fannie reported $5 billion in Q4 net income. The GSE attributed the decrease to significantly smaller increases in interest rates in the first quarter of 2017 as compared those in Q4.“Large increases in longer-term interest rates in the fourth quarter of 2016 resulted in substantial fair value gains on the company’s risk management derivatives for the quarter as well as credit-related expenses that partially offset these gains,” the report stated. “By contrast, interest rates increased only slightly in the first quarter of 2017, and therefore did not have a substantial impact on the fair value of the company’s risk management derivatives or its credit-related income for the quarter.”Net interest income for the quarter was $5.3 billion, compared with $5.8 billion for the fourth quarter of 2016. Fannie attributed the drop to lower amortization income from mortgage prepayments as a result of “lower refinance activity and lower interest income due to a decline in the average balance of the company’s retained mortgage portfolio as the company continued to reduce this portfolio.”Net revenues‒‒net interest income and fee and other income‒‒were $5.6 billion in Q1, compared with $6.2 billion in Q4 of 2016. Tat net income came primarily from the guaranty fees Fannie receives for managing the credit risk on loans underlying MBSs held by third parties and the difference between interest income earned on the assets in its retained mortgage portfolio and the interest expense associated with the debt that funds those assets.Once June’s $2.8 billion dividend is paid, Fannie will have paid a total of $162.7 billion in dividends to Treasury.Despite the near-halving of net income, Fannie Mae president and CEO Timothy Mayopoulos said in a statement that things aren’t as bad as they appear in the Q1 report.“Both the market and our operations continued to strengthen, and our progress was reflected in another profitable quarter,” Mayopoulos said. “We look forward to advancing our vision to create a digital mortgage process, and make new strides in our efforts to encourage the creation of affordable multifamily housing.” May 5, 2017 558 Views in Daily Dose, Data, News Fannie Reports Large Drop in Income in Q1center_img Fannie Mae First Quarter GSE Q1 q1 2017 2017-05-05 ScottMorgan1 Sharelast_img read more

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