Appreciation Pace Probably Not Sustainable But Have No Fear

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first_img Home Price Appreciation S&P CoreLogic Case Shiller Index 2016-09-27 Seth Welborn Share Appreciation Pace ‘Probably Not Sustainable’. . . But Have No Fear in Daily Dose, Data, Headlines, Newscenter_img The current pace of home price appreciation, considering that inflation is below the Federal Reserve’s target rate of 2 percent, is probably not sustainable, but the housing market is not in immediate danger of collapse similar to 2008, according to the S&P CoreLogic Case Shiller National Index for July 2016 released Tuesday.The index is just above half a percentage point from its all-time high—reached in 2006 during the bubble—and home prices appreciated by 5.1 percent over-the-year in July, slightly higher than June’s pace of 5.0 percent. The three cities with the highest over-the-year home price appreciation in July were Portland (12.4 percent), Seattle (11.2 percent), and Denver (9.4 percent).“The S&P CoreLogic Case Shiller National Index is within 0.6 percent of the record high set in July 2006,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seven of the 20 cities have already set new record highs. The 10-year, 20-year, and National indices have been rising at about 5 percent per year over the last 24 months. Eight of the cities are seeing prices up 6 percent or more in the last year. Given that the overall inflation is a bit below 2 percent, the pace is probably not sustainable over the long term. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt. Currently, outstanding mortgage debt on one-to-four family homes is 12.6 percent below the peak seen in the first quarter of 2008 and up less than 2 percent in the last four quarters. There is no reason to fear that another massive collapse is around the corner.”CoreLogic’s Home Prices Insights Report for July reported a slightly higher increase in home prices year-over-year, at 5.4 percent excluding distressed sales (6.0 percent including distressed sales). That report stated that home prices are expected to appreciate at a rate of about 5 percent over the next year.“If mortgage rates continue to remain relatively low and job growth continues, as most forecasters expect, then home purchase are likely to rise in the coming year,” CoreLogic chief economist Dr. Frank Nothaft said. “The increased sales will support further price appreciation.”Since the last rate hike by the Fed in December, which was the first in nine years, mortgage rates have plummeted to near record lows. Analysts are forecasting that the economy will have shown enough gains to warrant another rate hike by the Fed in its December meeting.Mortgage rates are expected to stay low for the near term following such an action by the Fed. But what effect would it have on home price appreciation?“Both the housing sector and the economy continue to expand with home prices continuing to rise at about a 5 percent annual rate,” Blitzer said. “The statement issued last week by the Fed after its policy meeting confirms the central bank’s view that the economy will see further gains. Most analysts now expect the Fed to raise interest rates in December. After such Fed action, mortgage rates would still be at historically low levels and would not be a major negative for house prices.”Click here to view the complete S&P CoreLogic Case Shiller Index.Click here to view the complete CoreLogic Home Price Insights Report. September 27, 2016 665 Views last_img read more

CFPB Acknowledges Exploding Popularity of FinTechs

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first_img October 24, 2016 694 Views CFPB Fintechs Innovation Project Catalyst 2016-10-24 Seth Welborn in Daily Dose, Featured, News, Servicing In recent years, the popularity of FinTech companies, or those that rely on technology to provide financial services, has boomed. According to Forbes, investment in FinTechs totaled $3 billion in 2013; by 2015, just two years later, global FinTech investment for the year totaled more than $20 billion.With FinTechs causing such a disruption in the financial services market, the Consumer Financial Protection Bureau (CFPB) has taken notice. On Monday, the CFPB issued its first-ever Project Catalyst report to highlight market developments that can potentially benefit consumers. Those developments included improved mortgage servicing platforms and expanding responsible access to credit.The report includes developments from both emerging FinTech startups and traditional financial services institutions, and highlights Project Catalyst’s work to ensure that consumer protections are included in emerging products and services from the start.“Innovation has enormous potential to improve the financial lives of consumers,” said CFPB Director Richard Cordray. “At the same time, market developments cannot skirt the need for strong consumer protection. Through Project Catalyst and other Bureau activities, we are working to expand our own knowledge and to foster a consumer financial marketplace where emerging products can be developed that are safe and beneficial for consumers.”Evolving technologies have driven rapid change in the financial marketplace, an environment that can pose both benefits and risks to consumers, according to CFPB. The Bureau is seeking to foster a market where new innovations and emerging products are safe and beneficial for consumers, and the CFPB’s Project Catalyst initiative is designed to encourage consumer-friendly innovation. One of the top priorities for Project Catalyst is to more closely engage with companies, entrepreneurs, and other stakeholders that are most involved in innovation in the financial marketplace, according to CFPB.Project Catalyst’s report noted that many companies are looking to adopt or build more modern technology platforms that provide more flexibility and scalability than legacy platforms, in order to improve mortgage loan servicing. The report found that some companies are building platforms that feature more user-friendly interfaces, and others are looking at machine learning for early detection of when borrowers are likely to suffer financial distress so that steps may be taken in order to prevent the borrower from defaulting.Also, the report found that a number of innovators are seeking to expand responsible access to credit by looking to alternative forms of data or newer methods of analyzing the data to assess an applicant’s creditworthiness. The CFPB estimates that 45 million American adults either have no credit history or not a sufficient enough credit history to generate a credit score. A lack of a sufficient credit score has been cited as one of the major barriers to obtaining a mortgage loan.Additionally, Project Catalyst found some FinTechs that are working to improve customer engagement around credit reporting and address issues in credit reporting accuracy. One company is working to streamline the process that would allow consumers to dispute errors on their credit reports, and others are modeling actions that consumers can take to improve their credit standing. Other companies are offering consumers more information about their credit report on a more regular basis, according to the CFPB.Click here to view the entire report.center_img CFPB Acknowledges Exploding Popularity of FinTechs Sharelast_img read more

Home Prices Rising Economy Cant Keep Up

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first_img In the Northwest and Texas alike, homes are outpacing the economy, according to the Q4 2016 RMBS Sustainable Home Price Report from Fitch Ratings.The Dallas-Fort Worth area experienced home prices overvalued by as much as 10 to 15 percent, and in the western U.S., home prices have seen similar rapid growth outpacing economic fundamentals necessary to keep them sustainable.”Oregon in particular has become an increasingly frothy housing market over the last couple of years,” said Samuel So, Director of Fitch. “A sustainable market at the end of 2014, home prices in Oregon are now overvalued by five percent to nine percent.”Home prices are growing at a rate of around 3 percent annually, and areas which Fitch has previously listed as undervalued have been able to rebound. According to Fitch, the housing market in Chicago-Naperville-Elgin areas, which have become sustainable over year-over-year.Areas such as Florida may also see growth in home prices, with a declining distressed inventory, but “rapidly falling distressed inventory may be leading to the increase in home prices without the economic fundamentals in place to support the rate of growth,’ said So. For example, The Tampa-St. Petersburg-Clearwater area of Florida has experienced overvalued home prices of five to nine percent since 2015.Several areas are listed as undervalued, particularly in the East. The New York City area has been undervalued for at least three years, according to Fitch, along with the entire state of New York. Other states in the eastern U.S., including Connecticut, Rhode Island, and New Jersey have seen similar trends, with home prices falling below the sustainable market value.Home prices in most of the country have been outpacing inflation for several months, according to other sources as well, CoreLogic data from January 2017 has shown that the shrinking inventory has driven this trend. “With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. “Over the 12 months through January of this year, the CoreLogic Home Price Index recorded a 6.9 percent rise in home prices nationally and the CoreLogic Single-Family Rental Index was up 2.7 percent—both rising faster than inflation.”View the full report from Fitch here. Economy Home Prices Inflation 2017-04-03 Seth Welborn Home Prices Rising, Economy Can’t Keep Up Sharecenter_img in Daily Dose, Headlines, News, Origination April 3, 2017 563 Views last_img read more

CFPB to Assess RESPA Mortgage Servicing Rule Effectiveness

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first_img May 4, 2017 534 Views Share The Consumer Financial Protection Bureau (CFPB) is planning to assess the effectiveness of the Real Estate Settlement Procedures Act (RESPA) mortgage servicing rule. The rule, introduced in January 2013 and which took effect in January 2014, was designed to assist consumers who were behind on mortgage payments.Among other things, the RESPA mortgage servicing rule requires servicers to follow certain procedures related to loss mitigation applications and communications with borrowers. Servicers must give, in writing, notices of error within five days, and investigate and respond to the borrowers within 30 days.Additionally, the RESPA mortgage servicing rule called for greater transparency between the servicer and the borrower. It required clear monthly mortgage statements, early warning before adjusting interst rates, and gave options to avoid fore-placed insurance.“For many borrowers, dealing with mortgage servicers has meant unwelcome surprises and constantly getting the runaround. In too many cases, it has led to unnecessary foreclosures,” said CFPB Director Richard Cordray of the rule in 2013. “Our rules ensure fair treatment for all borrowers and establish strong protections for those struggling to save their homes.”Dodd-Frank requires the CFPB to review their rules five years after they take effect, and this includes RESPA. Currently, the Bureau is seeking comment from consumers, consumer advocates, housing counselors, mortgage loan servicers, industry representatives, and the general public regarding the rule, and will issue a report of their assessment by January 2019.The assessment will give the CFPB better understanding of the costs and benefits of the RESPA mortgage servicing rule, and, according to the Bureau, will provide the public with a better understanding of the mortgage servicing market.The CFPB’s Information Request can be found here. CFPB to Assess RESPA Mortgage Servicing Rule Effectivenesscenter_img CFPB Dodd-Frank RESPA 2017-05-04 Seth Welborn in Daily Dose, Government, Headlines, Newslast_img read more

The Week Ahead Bank of America Q2 Results

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first_imgThe Week Ahead: Bank of America Q2 Results Bank Bank of America Fed Home HOUSING Lending Monetary Policy mortgage Starts 2018-07-15 Radhika Ojha Share On Monday, July 16, Bank of America will report its second-quarter financial results. The bank said that the results would be released at around 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.  For the first quarter, the bank reported record quarterly earnings of $6.9 billion on Monday, with its pretax earnings of $8.4 billion up 15 percent. Bank of America, which is among the nation’s largest banks, also increased its lending during the quarter, driven by an increase in consumer spending. It reported an increase of 3 percent in loans to $352 billion. Its noninterest income increased $327 million to $11.5 billion marking a 3 percent increase over the last quarter, while its noninterest expenses declined 1 percent to $13.9 billion.Here’s what else is in store in The Week Ahead:NAR Housing Market Index, Tuesday, 10 a.m. ETFed Chair Jerome Powell’s semiannual monetary policy testimony, Tuesday, 10 a.m. ETMBA Mortgage Apps, Wednesday, 7 a.m. ETHousing Starts Survey, Wednesday, 8:30 a.m. ETLearn more about Housing and Financial Reports:Bank of America Reports Record Earnings in Q1Are Rising Housing Starts Really Balancing Demand?Powell’s Congressional Testimony Backs Further Interest Rate Hikescenter_img July 15, 2018 566 Views in Daily Dose, Featured, Newslast_img read more

Wheres Property Preservation Heading

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first_img HOUSING mortgage Natural Disasters Policies property Property Preservation trends 2018-11-06 Radhika Ojha November 6, 2018 885 Views in Daily Dose, Featured, News On Tuesday, Ed Delgado, President, and CEO of the Five Star Institute led a discussion on the state of the housing industry at the 2018 National Property Preservation Conference in Baltimore.“The National Property Preservation Conference has been an important forum for the industry to discuss and build consensus over policies and services impacting the mortgage market,” Delgado said. “I attribute its continued success over the past 15 years to the tireless efforts of Robert Klein, Founder of Safeguard Properties, who passed this year, to bring the industry together for this important discussion. I am honored to participate in this conference and help carry on his legacy of industry partnership fostered by this event.”The discussion centered on an expert panel of industry thought leaders focusing on the important issues impacting the economy and the housing market today and looked at what the future may hold. After giving his own assessment on the state of the market, Delgado turned it over to the panel to hear their thoughts.Answering questions on the state of the housing market, Rick Sharga, EVP, Carrington Mortgage Holdings and Alan Jaffa, CEO, Safeguard Properties touched upon hot topics such as the rising interest rates, the return of subprime mortgages and the cooling of home value growth as well as home affordability. Giving insights into the current and future trends in property preservation, Jaffa was joined by Caroline Reaves, CEO, Mortgage Contracting Services, Jake Williamson, VP of Single Family Real Estate, Fannie Mae, and  Oscar Posadas, VP, Property Management of Vendor Management, Wells Fargo as they discussed the health of the property preservation industry, the steps that the industry should be taking to combat urban blight, and the latest legislation and cases on the preservation of vacant and abandoned properties.“Fannie Mae remains committed on partnering with servicers and vendors on improving the inspection and preservation processes of vacant properties as well as eradicating community blight that could be potentially caused by vacant properties,” Williamson said. “NPPC is a great event to discuss and resolve some of these challenges and opportunities.  Similar to what’s happening across the entire mortgage industry, we need to continue to push the use of technology tools such as data digitization and mobile technology to tackle this objective more efficiently and effectively.”Williamson and Sharga, along with Ivery Himes, Director, Office of Single-Family Asset Management, HUD then gave the audience an update on the government programs that are helping and impacting the housing and mortgage industry. Some of the topics included the standardization of servicing and preservation guidelines between HUD and the GSEs and the impediments to implementing these regulations.The conversation then flowed into disaster recovery and the lessons learned by the industry and how they have improved the disaster response this year. Delgado ended the session by asking the panel if they could define the single greatest challenge that faces the housing industry today.center_img Share Where’s Property Preservation Heading?last_img read more

Price Appreciation vs Housing Demand

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first_img January 4, 2019 1,575 Views The housing market might experience a downturn, but it won’t affect homeownership as much as the last housing crisis did, according to a study titled Where are We Now with Housing: A Report, by the Florida Atlantic University College of Business.The study investigated and compared the current status of U.S. housing at the national level with that of housing at the peak of the last cycle in July 2006. It revealed that while national housing prices were slightly overheated, residential real estate markets were experiencing minimal downward pressure on the demand for homeownership.”Understanding where housing stands today relative to the last cycle’s peak creates more informed real estate consumers and perhaps a less bumpy ride this time around as the nation enters another housing cycle peak,” said Ken Johnson, the author of the study and co-author of the Beracha, Hardin & Johnson Buy vs. Rent Index (BH&J).To compare home prices and their impact on demand, the study investigated scores of the CoreLogic Case-Shiller Home Price Index and the BH&J. It found that housing prices were at 7.3 percent above their long-term pricing trend compared to 31 percent at the peak of the last housing cycle.In terms of downward pressure on housing demand, the study found that at the end of the last cycle the BH&J Index indicated an extreme downward pressure on homeownership with a score of 1.00. Comparatively, this time around, the index reflected a score of 0.039 suggesting only minimal pressure on homeownership demand.”It looks like we’re in for more of a very high tide, as opposed to a tsunami, as residential prices peak in this latest cycle,” Johnson said. “At a minimum, we can expect flatter housing price growth. At worst, we could experience price declines slightly below the long-term pricing trend.”Click here to read the full report. in Daily Dose, Data, Featured, News Price Appreciation vs. Housing Demandcenter_img BH&J Index Case-Shiller Demand Florida Atlantic University Home Homeownership HOUSING 2019-01-04 Radhika Ojha Sharelast_img read more

Recessionary Conditions Ahead Says Delgado

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first_img“Recessionary Conditions Ahead,” Says Delgado 2019 Five Star Single-Family Rental Summit Charles Sells Ed Delgado Jeffrey Tesch Molly Boesel Sean Miller SFRS The Five Star Institute Tim Rood 2019-03-12 Donna Joseph March 12, 2019 971 Views in Daily Dose, Featured, News, Servicingcenter_img Experts from the housing and mortgage industry came together at the Guest House at Graceland in Memphis, Tennessee for the 2019 Five Star Single-Family Rental Summit (SFRS). The event, which began on Monday with an opening night reception launched into a full lineup of curriculum today and will run into tomorrow. The event is a deep-dive into the financing and strategic planning needed to invest in this dynamic market.During his opening remarks before an audience of SFR investors and portfolio managers, Five Star Global President & CEO Ed Delgado warned of emerging economic conditions suggesting a recession may be on the horizon for the U.S. economy. “There are several indicators that suggest the U.S. economy will enter a recessionary period at some point in 2020,” Delgado said, “including increased volatility in the manufacturing sector, a waning of both business and consumer sentiment, and a slowdown in the global markets under the looming condition of an inverted yield curve, all pointing to cooling of the economy in the next year.”Jeffrey Tesch, Managing Director at RCN Capital said, “As institutional money continues to flood the single-family investment space, rate compression and ease of aggregation for investors are better than ever. However, investors pooling SFR assets in multiple geographic regions across the United States are having a more difficult time than ever due to constraints on inventory. The content presented at the SFR Summit was a great lead into the Five Star annual event in Dallas in September,” Tesch shared.Charles Sells, Founder and Managing Director, The PIP Group, told DS News earlier that speculation about a possible recession is preoccupying some investors with “what if” scenarios spurred by uncertainty. “Investors have all talked about that 18-month window [for expecting a market correction],” Sells said. Traditional homebuyers (not investors) are just playing the wait-and-see game. They don’t want to buy right now because they’re afraid they’ll end up in upside-down mortgages. They’re all just hanging tight, not wanting to make that move,” he added.The discussion around SFR investment has become even more important in a market that’s seeing an increasing growth. According to a CoreLogic report, U.S. single-family rent prices increased 3.1 percent year-over-year in December 2018 compared with 2.9 percent in 2017, with low-end rental growth outpacing high-end gains for the fifth consecutive year in 2018.“The strengthening in rent prices reflects strong economic and labor markets,” said Molly Boesel, Principal Economist at CoreLogic. “However, low-end rental increases outpaced high-end increases for the fifth consecutive year, suggesting continued supply constraints on the lower end.”With a strong economy and labor markets continuing to propel SFR growth, experts at the summit said that now was clearly the time to collaborate on strategies to take SFR to the next level.“As the SFR market continues to grow, innovative investors are not only looking for new opportunities but also for creative ways to fund those investments,” Delgado said. “We are proud to host leaders of this asset class, which, in many cases, provides a stepping stone toward homeownership.”Sean Miller, President, PointCentral, told DS News that the market for single-family rentals (SFR) remains strong. “Owners and operators are trying to up their game as a way to serve that strong demand,” Miller said, “whether that’s combining portfolios or adding to their existing portfolios.” Overall, Miller predicted that 2019 would be another strong year for SFR.Tim Rood, Co-founder & Chairman at The Collingwood Group, LLC said, “The one thing I have noticed is that millennials have been renting single family homes once they start a family but their aspirations to ultimately buy a home are statistically comparable to previous generations. The only difference to previous generations is that Millenials are making their first home purchase later in life (mid-30s vs. mid- to-late 20s).”This year’s SFRS curriculum is divided into three broad subject areas with panels and keynote speakers providing more detailed insights into each topic.Tuesday’s discussions were split between the funding session from 9 a.m. to 1 p.m. and the acquisition and disposition session from 1 p.m. to 3 p.m. While the funding session focused on financing for fix and flip projects, creative funding for acquisitions, and getting the best financing deals, the sessions on acquisitions and disposition featured expert panels on elements that can impact buying opportunities, pricing portfolios for successful disposition, and getting the timing right on buying and selling an SFR investment.On Wednesday, the sessions on property management will look at how SFR investors can manage their portfolio while expanding their business, maintaining profitability through tenant retention, and technology that can fuel revenue generation for SFR investments. 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Tracking Pending Home Sales in the US

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first_imgTracking Pending Home Sales in the U.S. 2 days ago 125 Views Share Pending home sales grew for the second-consecutive month in June, as the National Association of Realtors (NAR) announced the Pending Home Sales Index rose 2.8%, and year-over-year contract signings increased 1.6%. Lawrence Yun, Chief Economist at NAR, said favorable conditions aided to the increase, and that this is a good sign moving forward. “Job growth is doing well, the stock market is near an all-time high and home values are consistently increasing. When you combine that with the incredibly low mortgage rates, it is not surprising to now see two straight months of increases,” Yun said.Additionally, Yun said June’s increase in contract signings—breaking a 17-month streak of decreases—indicates that buyers are both enthusiastic about the market and the possible wealth gain, but noted inventory needs to increase. “Homes are selling at a breakneck pace, in less than a month, on average, for existing homes and three months for newly constructed homes,” Yun said. “Furthermore, homeowners’ equity in real estate has doubled over the past six years to now nearly $16 trillion. But the number of potential buyers exceeds the number of homes available. We need to see sizable growth in inventory, particularly of entry-level homes, to assure wider access to homeownership.”The NAR also reported that every region in the nation saw an increase from May and 2018. The midwest rose 3.3%, followed by the northeast’s increase of 2.7%. Pending home sales in the south grew by 1.3% in June, and the west saw a jump of 5.4%.This report comes days after CoreLogic’s latest Case-Shiller U.S. National Home Price Index (HPI) revealed home prices rose 3.4% in May, which is a slight decrease from the 3.5% growth the month prior. “Growth in home prices, as measured by the Case-Shiller HPI, began to stabilize in May.  The more than 100 basis point decrease in mortgage rates since November has revived home sales and given buyers additional purchasing power in the market,” said Tian Liu, Chief Economist at Genworth Mortgage Insurance. “That extra purchasing power is beginning to show up in home prices.”The 10-city composite annual increase came in at 2.2%, which is a slight decrease from 2.3% in the previous month. center_img in Daily Dose, Featured, News, Secondary Market Pending Home Sales Index 2019-07-31 Mike Albaneselast_img read more

airlinesDubaiEmiratesstopover

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first_imgairlinesDubaiEmiratesstopover Emirates is offering Australian travellers a stopover deal in Dubai, including a free night’s accommodation, and competitive fares to a range of destinations in its global route network, when booked between 7 March and 27 March 2018, for select travel periods.The offer includes destinations across Emirates’ 40 European destinations, Africa and North America among others, giving Australian travellers the chance to have two holidays in one.Economy Class travellers who take advantage of the Dubai stopover will receive one night’s accommodation in a Rover Room at the Rove Downtown, Rove City Centre or Rove Healthcare City, Dubai, including bed and breakfast.First and Business Class travellers will receive one night’s accommodation at the five star JW Marriott Marquis, Dubai, with the Executive Room on offer for First Class passengers and the Deluxe Room for Business Class passengers, both including bed and breakfast.For more information on Emirates, including how to book flights and a complete list of terms and conditions, visit emirates.com/aulast_img read more

Earlybird tickets have been extended to 30 Septemb

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first_imgEarlybird tickets have been extended to 30 September 2018 (unless sold out) for Maximum Occupancy, the Accommodation Industry Conference being held in Sydney on 31 October 2018. The conference is free to attend for hoteliers and travel industry associates.Maximum Occupancy includes speakers who are all leading industry figures – from Expedia, Triptease, Skyscanner, Booking.com, Ovolo Hotels, Quest Hotels and more, and the conference is expected to provide over 300 delegates with vast networking opportunities.When: 31 October 2018Time: 3pm – 7pmWhere: Hilton Hotel, 488 George Street, Sydney NSW, AustraliaCost: FREE to attend for hoteliers and travel industry associatesRegister for your earlybird tickets HERE AccommodationaustraliaconferencehotelsMaximum Occupancytourismtravellast_img read more

Former Cardinals kicker Phil Dawson retires

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first_img Former Cardinals kicker Phil Dawson retires Arizona Cardinals linebacker Daryl Washington has been fined $21,000 by the NFL for roughing Carolina Panthers quarterback Cam Newton in last Sunday’s 22-6 win, according to Darren Urban of AZCardinals.com.It was Washington’s first regular season game since serving a four game suspension. The four-year veteran intercepted a pass, had two quarterback hits and recorded nine tackles in the win. Top Stories Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Comments   Share   last_img read more

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first_img 0 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires There has also been some offseason buzz about whether the Notre Dame product has already supplanted long-time Cardinals star Larry Fitzgerald as the team’s No. 1 receiving target. Fitzgerald had almost 100 fewer receiving yards in 2013, but Floyd insisted there isn’t a defined first option or second option on the team’s offense right now.“I just like to go out there and play,” he said. “We all work together for the same common goal, and that’s to win ball games.” – / 32 “Last year, training camp was terrible,” Floyd said, chuckling, but didn’t really elaborate why. “But having a year under our belt under BA’s offense, everything comes faster. I’m really more comfortable in it now. You don’t have to really, you know, think; you can just go and play. And I can play fast and (not) have to think so much. “So that year two really will help me out, plus, I think, also the whole offense.”Floyd — who caught 65 passes for five touchdowns and more than 1,000 yards last year — also should benefit from having a familiar face under center this year. Carson Palmer is coming off a strong second half of the 2013 season, and Floyd said the chemistry between himself and the starting quarterback is “getting better.”“Once you get on the same track as Carson, things kind of flow very (well),” he said about all the team’s receivers. “So that’s where we’re going now. That’s where we started off at. And we’re just getting better from here.”The 6-foot-2 receiver also talked the optimism he has coming off a breakout campaign.“It builds (confidence) tremendously,” he said. “And I’m glad that my quarterback has a lot of confidence in me, knowing that I can make plays on the ball and make plays for him, even though he might be in a jam at some time.” Grace expects Greinke trade to have emotional impact Arizona Cardinals wide receiver Michael Floyd played for two different head coaches in his first two NFL seasons.However, the team’s 2013 leader in receiving yards heads into his third season in a familiar system, as Bruce Arians and Harold Goodwin return as head coach and offensive coordinator, respectively, for the Cardinals.Prior to the third day of Cardinals training camp Monday, the 24-year-old Floyd talked about the second year under Arians’ system compared to the first. Derrick Hall satisfied with D-backs’ buying and selling Top Stories last_img read more

Stanton Palmers backup for the past four seasons

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first_imgStanton, Palmer’s backup for the past four seasons, completed 11 of 15 passes for 112 yards, including a 7-yard TD pass to tight end Troy Niklas.Gabbert played most of the second half, completing 5 of 9 passes for 53 yards.JUST WATCHING: Neither of Oakland’s two top draft picks played. Cornerback Gareon Conley, the first-round pick, and the second rounder, safety Obi Melifonwu, are nursing injuries.Arizona wide receiver John Brown, slowed by a quadriceps issue, did not play.OFFENSE RESTS: The only members of Oakland’s first team offense to play were tackles Marshall Newhouse and Vadal Alexander. – / 31 1 Comments   Share   Top Stories David Johnson had a 10-yard run in the opening drive. The standout running back carried three times for 16 yards before calling it a night.Two of the Raiders’ top defensive players, All-Pro defensive end Khalil Mack and linebacker Bruce Irvin, joined Carr and Lynch as spectators.While it was the preseason opener for Oakland, it was Arizona’s second outing. The Cardinals starters did not play in the team’s 20-18 loss to Dallas in the Hall of Fame Game.NO CARR: Carr had been expected to see his first action since breaking his right leg in a game last Christmas Eve, but coach Jack Del Rio chose to have his starter sit the opener out.BACKUP BATTLE: E.J. Manuel got the start at quarterback for Oakland and had a strong showing in his battle with Connor Cook for the backup job. Manuel completed 10 of 12 passes for 107 yards.Cook played the entire second half, completing 10 of 21 for 81 yardsNO RUST: Palmer showed little sign of rust after a very light week of workouts.He hadn’t thrown a pass in practice since Tuesday, taking Wednesday and Thursday’s workouts off.CARDINALS QBs: Stanton, who appears to have a firm hold on the backup quarterback job despite the addition of Blaine Gabbert, had a strong first half in relief of Palmer. Arizona Cardinals coach Bruce Arians, right, greets Oakland Raiders coach Jack Del Rio after an NFL preseason football game, Saturday, Aug. 12, 2017, in Glendale, Ariz. The Cardinals won 20-10. (AP Photo/Ross D. Franklin) GLENDALE, Ariz. — Cardinals quarterback Carson Palmer made his first appearance of the preseason on Saturday and Drew Stanton looked sharp as Arizona beat the Raiders, 20-10.Palmer threw a 12-yard touchdown pass to Brittan Golden to cap his brief preseason debut while Oakland quarterback Derek Carr watched the game from the sideline.Palmer, at age 37 beginning his 15th NFL season, directed Arizona on a 12-play, 70-yard touchdown drive to start the game. It looked as if the Cardinals were headed for a short field goal, but the Raiders were called for covering the snapper on the kick, giving Arizona a first down and setting up its opening TD. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelolast_img read more

Michael Crow Had no idea he was a Division I athle

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first_imgMichael CrowHad no idea he was a Division I athlete. It was a great opportunity for ASU fans to hear directly from him that he wants a college football playoff for conference champions only and unpaid college athletes who receive a full cost-of-attendance scholarship including a stipend. He didn’t back down from the expectations that Ray Anderson has been setting for all athletic teams.One thing that he believes in that I don’t is the cost of business to play at a high level. We both agree the cycle of hiring coaches to long-term contracts with big buyouts just to fire them is ridiculous. My opinion, though, is that it’s not going to work to go against it because you can’t get the best coaches. They will either not sign in the first place or leave as soon as they receive slight success for greener pastures. The philosophy puts ASU only in the category of the aged coach on his last job or inexperience upstart. I don’t think ASU will ever be a “destination job” with this philosophy.Dr. Crow disagreed. He thinks controllable salaries with extremely high incentive clauses is the key. Pay people within the confines of the Pac-12 and then over-pay for graduating players and winning. I think that’s great in theory but the SEC and Big 10 aren’t going to play in the smaller arena. How will ASU really compete for national championships in football if they’re not competing for the best coaches? Newsmakers Week 2018! It’s the ninth straight year and 10th overall. Every day this week I’ll give you a quick rundown of my thoughts on the comments of each guest throughout the week. Arizonasports.com is the place to go for a complete rundown of the exact quotes from each newsmaker.Day 4:Kevin GuyFull disclosure: the Rattlers’ head coach has been one of my best friends for most of this century. Even if you don’t enjoy indoor football, Guy isn’t just passing the time as a coach after his day job. Winning championships is this man’s pursuit and how he feeds his family.  He does it well. A small but interesting takeaway was his admission of what he needs to work on as a GM. Keim thought they need to take a harder look at the heart and mind of a player that loves the game versus the tape that shows a player’s potential. The draft is a ton of projection but if a player is taking plays off, should it matter what they do when they try? Keim didn’t say the name “Nkemdiche” but there was no doubt the defensive lineman is floating towards bust status if he doesn’t embrace the game soon.Ryan McDonoughIt can’t be sugar-coated. This organization is an embarrassment right now. The only question is how long will the “right now” tag be associated with the team?I think the trade for Payton was outstanding. I believe in a timeline with Booker, Warren, Jackson, Payton and Ayton. Bender would be a nightmare match-up off the bench. Things could look better as long as these players don’t have a character flaw. The flaw is the lack of desire to compete every second of every game. I can’t tell if they’re just young and learning or spoiled and entitled. Answer that and you can answer whether you believe in the timeline.This is the off-season where it’s the beginning of the end for McDonough or “the beginning of the beginning.” I don’t think there’s a middle ground. It’s time for McDonough to make a major splash. Ayton in the draft, a Booker and Payton contract extension, the dumping of Chandler’s contract and a mid to major free agent shouldn’t be the goal, it should be the expectation. Is that a high expectation? Yes, but Suns fans have waited long enough. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires (Matt Layman/Arizona Sports) 2 Comments   Share   Grace expects Greinke trade to have emotional impact I’m an ASU fan so I hope I’m wrong.Day 5:Steve KeimAs you could guess, Keim didn’t admit much on the quarterback front. His main point was how difficult the moving target is. One little tidbit was how he would work different plans at the same time. It seemed like he could get one plan to work and use that to force movement on another front. An example, if Keim wants Cousins as option A and trading for Foles as option B, he might talk to Cousins’ agent while negotiating the Foles trade. If he gets the trade done, he can then go to Cousins and use the potential trade as leverage, “We’ve got something else in the fire now, come down in price or we’re out.” Cousins still might be option one and now you can test if the Cards are truly, his option A.The huge takeaway from Keim was his non-answer to the David Johnson question. We asked when was the last time Keim spoke to David Johnson’s agent about a contract extension. Instead of answering the question, Keim discussed Fitzgerald’s return. He dodged the question in a joking way but it shows the negotiations have started. There’s no way to read into where they are or how it’s going but you can read into it’s happening now. Top Stories Brian MuellerThe GCU President hit a home run today with what they mean to the West side. From a broad standpoint, the huge takeaway was the news Mueller has met with ASU President Dr. Crow about their past differences and coming together in the future. That’s great news for the valley. As GCU becomes a non-profit, research university, we benefit. At that point, Dr. Crow would, hopefully, allow athletic competition between the teams. A Majerle/Hurley rivalry would be great theatre from two of the most fiery competitors we have in the city. – / 21 Hopefully, any of our other franchises ever get to this problem but it was interesting to talk to Coach Guy about keeping the roster fresh to ensure hunger. Since the Rattlers are always winning championships, Guy believes complacency can creep in if you just assume last year’s team will win this year. New players means fewer guys are truly “defending champions” and, therefore, hungrier for a title.Derrick HallInteresting he admitted the D-backs are in “win now” mode. Obviously, we’d all like to say every team should be. Unfortunately, after the last few years of two or three of our teams buried deep in a hole, we know that isn’t always the case.I totally believe the team is not allowing themselves to get, even remotely, excited about the potential to sign J.D. Martinez. I also believe they, for the first time, actually think it could happen. If Martinez is truly willing to take less years, I think he stays.  If not, Arizona has no chance, and the D-backs know it.Hall also talked about the importance of April and May. I think, the beginning of the season is always going to be more important for a team in a mid-market with a bloated payroll.  If the D-backs go in the tank early, Pollack and Greinke probably won’t be here late.last_img read more

Arizona Cardinals head coach Bruce Arians watches

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first_imgArizona Cardinals head coach Bruce Arians watches during the second half of an NFL football game against the Jacksonville Jaguars, Sunday, Nov. 26, 2017, in Glendale, Ariz. (AP Photo/Ross D. Franklin) Former Arizona Cardinals head coach Bruce Arians came out of retirement to take a head coaching position with the Tampa Bay Buccaneers, the Buccaneers announced Tuesday.Arians, who spent the 2018 season as an in-game analyst for CBS Sports, ended his coaching career following the 2017 season. He said previously that he would only come out of retirement if he were given a chance to coach the Cleveland Browns, but in the most recent iteration of the NFL coaching hiring cycle, his interest in the Tampa Bay job became known. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo The #Bucs are signing Bruce Arians to a 4-year deal with a fifth-yaer option, source said. Among the coaches Arians hopes to finalize deals with: Harold Goodwin as Run Game Coordinator/OLine, Byron Leftwich as Pass Game Coordinator and Clyde Christianson as QB coach.— Ian Rapoport (@RapSheet) January 8, 2019On Dec. 31, Rapoport said that Arians sent him a text message confirming his interest to coach the Buccaneers. “I know Jason (Licht). So, I would listen,” the text reportedly read. Jason Licht is the general manager of the Bucs and worked in the Cardinals front office while Arians coached in Arizona. Related LinksArizona Cardinals hire Kliff Kingsbury as next head coachMahomes, Brady speak highly of new Cardinals hire Kliff KingsburyThe 5: Resume highlights for Kliff Kingsbury as Cardinals head coachWho the Cardinals interviewed before hiring Kliff KingsburyNFL head coaching job tracker: Cards hire Kingsbury as next head coachArians, 66, has been an NFL head coach just once (not including his 12 games as interim head coach of the Colts), but has decades of experience coaching both at the professional and college levels. He was the offensive coordinator of the 2008 Pittsburgh Steelers team that beat the Cardinals in the Super Bowl and coached quarterbacks that include Peyton Manning, Andrew Luck, Ben Roethlisberger and Carson Palmer. “Cleveland is the only job I would consider,” Arians told the Canton Repository in November.Arians will take a four-year deal with a team option for a fifth year, per the NFL Network’s Ian Rapoport.Rapoport notes several former Cardinals coaches as targets for Arians’ staff. Former Cardinals kicker Phil Dawson retires 12 Comments   Share   Top Stories Derrick Hall satisfied with D-backs’ buying and selling In five seasons leading the Cardinals, Arians went 40-27-1 and took Arizona to the playoffs twice, including an appearance in the NFC Championship game. Arians’ replacement Steve Wilks went 3-13 in his first and only season before being fired. Former Texas Tech head coach Kliff Kingsbury was hired as Arizona’s next head coach on Tuesday. Grace expects Greinke trade to have emotional impactlast_img read more

Go back to the enewsletter Garuda Indonesia has a

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first_imgGo back to the e-newsletterGaruda Indonesia has announced its Star Chefs Program to introduce new signature dishes created by world-renowned chefs starting 1 February 2016 for First Class and Business Class passengers to enjoy at 30,000 feet.Chefs featured include the Indonesian street food master Will Mayrick from Tiger Palm, the French-Indonesian hybrid cuisine of Gilles Marx of Amuz, and Felix Budisetiawan of the celebrated Sriwijaya Restaurant. Each has been specially chosen to create entire menus based on the unique and diverse traditional Indonesian dishes found across the archipelago.This new service concept promises a unique and tangible experience of the five senses – sight, sound, taste, scent and touch – at every stage of the journey, from pre-flight to post-flight.The Director of Services, Garuda Indonesia, Nicodemus P. Lampe says, “Customer satisfaction has always been our foremost consideration, and the Star Chefs Program is part of our effort to deliver the best possible flying experience for our passengers. With menus featuring signature dishes created by renowned Chefs, Garuda Indonesia intends to continue taking our award winning services to an entirely new level of excellence, by providing customers with a gastronomic 5-star dining experience on board, as well as to preserve our role in promoting Indonesia’s rich cultural heritage, including ensuring that the rest of the world has the opportunity to experience the unique taste of Indonesian cuisine.”Go back to the e-newsletterlast_img read more

Go back to the enewsletter Emirates has announced

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first_imgGo back to the e-newsletterEmirates has announced a US$16 billion deal for 36 additional Airbus A380 aircraft, with 20 firm orders and 16 options. Emirates’ A380 fleet operates both Engine Alliance and Rolls-Royce engines, and the airline is evaluating engine options for its latest A380 order.The additional Airbus A380s will be delivered to Emirates from 2020 onwards. Together with the airline’s 101-strong A380 fleet and its current order backlog for 41 aircraft, this new order brings Emirates’ commitment to the A380 program to 178 aircraft, worth over US$60 billion.His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said, “Emirates truly represents Dubai’s spirit of growth, innovation and resilience. It also epitomises the city’s increasing role in connecting the world in terms of people, capital and information flows. This deal reflects Emirates’ confidence in shaping the future, and its commitment to advancing Dubai’s vision to grow further as a world-class destination and aviation hub.”His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group, signed the memorandum of understanding (MOU) today with John Leahy, chief operating officer customers, Airbus Commercial Aircraft at the airline’s headquarters in Dubai.Sheikh Ahmed said, “We’ve made no secret of the fact that the A380 has been a success for Emirates. Our customers love it, and we’ve been able to deploy it on different missions across our network, giving us flexibility in terms of range and passenger mix.”He added: “Some of the new A380s we’ve just ordered will be used as fleet replacements. This order will provide stability to the A380 production line. We will continue to work closely with Airbus to further enhance the aircraft and onboard product, so as to offer our passengers the best possible experience. The beauty of this aircraft is that the technology and real estate on board gives us plenty of room to do something different with the interiors.”Emirates’ partnership with Airbus spans decades. Emirates is by far the largest Airbus A380 operator on the planet with 101 A380s in service today.Go back to the e-newsletterlast_img read more

Related Flights to San Francisco to be launched by

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first_img RelatedFlights to San Francisco to be launched by Air BerlinFlights to San Francisco to be launched by Air BerlinAir Berlin reports an increase in passenger turnoverAir Berlin has announced a one percent increase in its passenger turnover during 2008.Air Berlin launches fourth daily service from Stansted to DusseldorfAir Berlin has announced that it is launching a fourth daily service from Stansted to Dusseldorf from February 2nd next year. Air Berlin has announced that it will extend its range of long-haul flights from Dusseldorf to North America.Germany’s second-largest airline will be operating daily flights to New York and three flights a week to Los Angeles during its 2009 summer schedule. The carrier will also be operating five flights a week to Miami during the same period.Air Berlin announced earlier this week that it would be launching a fourth daily service from Stansted to Dusseldorf.Commenting on the increased frequency, Titus Johnson, Air Berlin’s country manager of the UK and Ireland, said: “The fourth daily frequency will offer travellers from UK the flexibility of flying at convenient times throughout the day.”The airline also announced that it would continue operating three weekly non-stop flights to Vancouver from Dusseldorf in the summer.Airbus A330s will be used for Air Berlin’s north American routes. They have a capacity of 303 seats, 24 of which are in business class. ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Maplast_img read more

USA

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first_imgUSA Cameroon| World Cup Group F | Great deals on packages to theSouth Africa World Cup South Africa New Zealand Japan Korea Republic Spain Cote d’Ivoire Slovenia| World Cup Group D Cheap Flights from United KingdomClick here for great deals on World Cup PackagesWorld Cup Group A Nigeria RelatedSouth Africa World Cup 2010 – Port ElizabethSouth Africa World Cup 2010 – Port ElizabethSouth Africa World Cup 2010 – USASouth Africa World Cup 2010 – USASouth Africa World Cup 2010 – AlgeriaAlgeria – World Cup Group C Argentina Mexico Italy Save more on hotelsin South Africa [World CupPackages](http://www.skyscanner.net/news/articles/2010/04/005233-south-africa-world-cup-2010—packages.html) Millions of us tuned in to see if our country was drawn in the so-called “Group of Death” in December last year.It turned out that England and Italy fans could breathe a (comparative) sigh of relief, as their place in the next round of the competition seems relatively assured. Others didn’t fare quite so well though.We take a look at the groups and offer our predictions. Denmark Korea DPR France Slovakia World Cup Group G Australia [World CupSchedule](http://www.skyscanner.net/news/articles/2010/04/005224-south-africa-world-cup-2010—schedule.html)| center_img Netherlands Serbia [World CupNews](http://www.skyscanner.net/news/articles/south-africa-world-cup-news/)| Honduras Brazil [World CupDestinations](http://www.skyscanner.net/news/articles/2010/04/005221-south-africa-world-cup-2010—destinations.html)| Greece —|— World Cup Group C Germany Ghana World Cup Group E England Algeria [World CupVenues](http://www.skyscanner.net/news/articles/2010/04/005220-south-africa-world-cup—venues.html)| Portugal| World Cup Group H [World CupTeams](http://www.skyscanner.net/news/articles/2010/04/005223-south-africa-world-cup-2010—teams.html)| Paraguay [World CupHome](http://www.skyscanner.net/news/articles/2010/04/005215-south-africa-world-cup—home.html)| Uruguay| World Cup Group B [World CupGroups](http://www.skyscanner.net/news/articles/2010/04/005225-south-africa-world-cup-2010—groups.html) —|—|—|— Switzerland | Great deals on car hirein South Africa ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map Chile Get on the ball for less with SkyscannerCheap flightsto South Africalast_img read more