Food aid to Syrian refugees cut in half amid funding crisis

first_img Top Stories Mesa family survives lightning strike to home AMMAN, Jordan (AP) — The World Food Program says it had to cut in half food aid for Syrian refugees in Lebanon because of a funding crisis and may soon have to halt all food support for most refugees in Jordan.Lebanon and Jordan are among five countries that host some 4 million Syrian war refugees. The U.N. refugee agency says funding levels for them have dropped dangerously low.The WFP, which had to make cuts before because of a cash crisis, says that in July refugee food aid in Lebanon will drop to $13.50 per person per month. Those in Jordan escape cuts this month, but 440,000 urban refugees could be left empty-handed if funds don’t arrive by August. How men can have a healthy 2019 Men’s health affects baby’s health too 0 Comments   Share   Here’s how to repair and patch damaged drywallcenter_img Ex-FBI agent details raid on Phoenix body donation facility Sponsored Stories The program says it needs $139 million to keep helping Syrian refugees through September.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. New Valley school lets students pick career-path academies 4 sleep positions for men and what they meanlast_img read more

TravelPort increase American Airlines booking fees

first_imgSource = e-Travel Blackboard: N.J TravelPort has released plans to increase fees for bookings on American Airlines flights made out of the US. American Airlines Asia/Pacific vice president and general manager Theo Panagiotoulias said the airline is concerned with the timing of TravelPort’s decision. “To our knowledge, TravelPort has determined that this onerous increase will only affect American and American Eagle flights,” he said. “Notably, the short notice of the increase came after negotiations between Americand Orbitz – an online travel agency partly owned by TravelPort – came to a standstill.” Mr Panagiotoulias added that the carrier will asses a Booking Source Premium to travel agencies using the increased fees sites to book fares on American Airlines. “Travelport’s actions to increase booking fees will mean that bookings made through Galileo and Worldspan, the GDSs owned and operated by Travelport, will become significantly more expensive to American than all other booking platforms in the affected international markets,” he said. “American values its partnerships with agencies such as yours and we would prefer to continue distributing our full range of public fare content in ways that are cost effective for both you and us. “However, Travelport’s retaliatory efforts in raising the booking fees leave us no option other than to share the burden of Travelport’s increases with you.” last_img read more

Pezula nominated for five World Travel Awards

first_imgPezula Resort Hotel & Spa has been nominated for no less than five awards in the 2011 World Travel Awards.The categories are:– Africa’s Leading Spa Resort – Africa’s Leading Sports Resort – Africa’s Leading Suite – South Africa’s Leading Resort – South Africa’s Leading Spa Resort.The World Travel Awards was launched in 1993 to acknowledge and recognise excellence in the world’s travel and tourism industry. Votes are cast by over 180,000 travel professionals in 160 countries across the globe, as well as the travelling public.This year over 5,000 leading tourist boards, airlines and luxury hotels are competing in over 900 categories. Winners from the regional events will go on to compete in the Grand Final later in the year.Graham E. Cooke, Founder and President, World Travel Awards said that with the global recession affecting travellers and their budget, the ability to choose quality travel products is becoming increasingly important to both business and consumer travellers.“2010 demonstrated how consumers are increasingly using the list of winners as a reliable guide and means of reassurance when choosing their holiday, which is why winning one of the World Travel Awards has become more hotly contended than ever”, he added.Gert Venter, GM of Pezula Resort Hotel & Spa said that this was a record number of nominations for Pezula.“In the past we’ve been nominated for and won Africa’s Leading Spa Resort four times, and it would be great to win again. It is a huge boost to get international recognition for what we are doing at Pezula.”Online voting has now opened and the organisers of the awards are urging both trade and consumers to submit their votes in order to seek out those who excel in the travel industry. Source = Gorman Leisure Grouplast_img read more

Les Clefs dOr win for The Sebel Citigate Albert Park Melbourne

first_imgSource = Accor The Sebel & Citigate Albert Park Melbourne is thrilled to announce Assistant Concierge, Andy Byrne has won the 2012 Alfred Jasinski Award for Excellence in Service, as awarded by Les Clefs d’Or Melbourne on 18th November 2012.Each year Les Clefs d’Or Melbourne awards the Alfred Jasinski Award for Service Excellence which is named after the late Alfred Jasinski who was the co-founder of Les Clefs d’Or Australia. The award is intended to reflect Alfred’s commitment to his role and encourage Concierge, Doormen, and Porters who have demonstrated a similar exceptional commitment to service.Announced at a gala event at The Sofitel Melbourne on Collins last night, in accepting the award, Andy said he was humbled to be recognised by the industry and honoured to be nominated.“I am so thankful to be working at such a wonderful hotel which welcomes so many people on a daily basis. From the staff to the guests that come through the doors every day, it is a pleasure to be able to share with them Melbourne’s latest treasures and assist them in their endeavours. Whether it’s helping a guest with their bags, grabbing a businessman or woman a coffee or pointing a group in the direction of the city’s best sites, it’s something I love doing and hope to be doing for many years to come.”Andy started working at The Sebel & Citigate Albert Park more than five years ago. During that time he has quickly worked his way from a day-porter through to his position in the heart of the hotel as Assistant Concierge. From hand written comments by guests who have been impressed with Andy’s spirit, to reviews on TripAdvisor singling him out as “a fantastic concierge”, Andy has always prided himself on his knowledge of Melbourne.Gillian Millar, General Manager of The Sebel & Citigate Albert Park Melbourne, said, “Andy has the ability to remember everything about our guests – from recalling the restaurant they dined at last time to remembering each and every stay with us.“We constantly receive positive feedback from guests and colleagues regarding Andy. He is always on hand to go that extra mile and to make sure that every need is taken care of. He performs this duty with enthusiasm, energy, and passion and we’re thrilled he has been recognised for his efforts.”last_img read more

Just How Available Is Mortgage Credit

first_imgJust How Available Is Mortgage Credit? applications Borrowers conventional loans Credit Scores GOvernment Loans loans mortgage Urban Institute 2018-07-30 Radhika Ojha Share July 30, 2018 526 Views center_img Mortgage credit access is expanding but remains restrictive compared to pre-crisis days, as reported in the most recent Housing Credit Availability Index from the Urban Institute. However, the Home Mortgage Disclosure Act (HMDA) data for 2017 revealed a denial rate of 11 percent in 2017, down from 18 percent in 2006 before the housing crisis, which according to the Urban Institute “runs counter to our expectations.” So just how easy is it to get a mortgage these days, and who are getting mortgages? The Urban Institute set out to answer these questions in a report titled, “Real Denial Rates: A Better Way to Look at Who Is Receiving Mortgage Credit.”The report revealed three significant findings: First, conventional mortgages have higher real denial rates than government mortgages; second, disparities in denial rates among different races and ethnicities are inflated in most reporting; and third, denial rates are noticeably higher for smaller mortgage loans. Urban Institute researchers started with the premise that, “If denial rates were a good measure of credit availability, it would suggest that credit was tighter in 2007 than it has been in recent years, which we know is not the case.” To more accurately assess credit availability, the Urban Institute limited its observation of loan denial rates to only those applicants with low credit profiles. The researchers found that there were far fewer low-credit-profile applicants today than before the housing crisis. Controlling for this difference, the report found the denial rate between 2011 and 2017 was 36 percent, similar to the 37 percent between 1998 and 2004.Comparing different loan channels, HMDA data would imply that government channels had a lower denial rate before the financial crisis but a higher denial rate today. Once again, the report limited its observation to just low-credit-profile applicants to offer a clearer picture. The researchers explained that after the financial crisis, conventional loan channels engaged in risk-based pricing deterred many low-credit-profile applicants. Government channels, on the other hand, do not participate in risk-based pricing and continue to attract applicants with lower credit profiles. Well before the financial crisis, in 1998, low-credit-profile applicants accounted for 57 percent of government loan applicants and 44 percent of conventional loan applicants, the report indicated. Today, the government’s share of low-credit-profile applicants is still a little more than half, 52 percent, while the percentage of low-profile-credit applicants in the conventional market has dropped to just 20 percent. With far fewer low-credit-profile applicants, the conventional market has fewer borrowers to deny. When it comes to racial and ethnic disparities, the report found that while they do exist, they are not as prevalent as a first glance at the data would suggest. The traditional denial rate for 2017 reveals a rate twice as high for black applicants, 1.4 times higher for Hispanic applicants, and 1.2 times higher for Asian applicants than for white applicants. This has led to allegations of redlining, which the research says “is a gross oversimplification.” Instead, “the differences in denial rates across groups primarily reflect differences in credit characteristics,” the researchers reported. When controlling for credit characteristics, the report concluded the denial rate for black applicants is 1.2 times higher rather than twice as high. For Hispanic applicants, the denial rate is 1.1 times higher, and for Asian applicants, the denial rate is 1.4 times higher. The researchers suggested the higher denial rate for Asian applicants may be because “Asians frequent the conventional channel more than other groups, and the conventional channel has higher denial rates.” Lastly, while raw HMDA data appears to exaggerate racial disparities, it seems to understate the difference in the denial rate between large- and small-dollar loans. HMDA data revealed an 18 percent denial rate for small-dollar loans. However, because there is not a sharp difference in the makeup of applicants across different dollar-sizes of loans when comparing just low-credit-profile applicants, the report found a 52 percent denial rate for loans up to $70,000 and a 29 percent denial rate for loans more than $150,000. in Daily Dose, Featured, News, Originationlast_img read more

Deephaven Mortgage Utilizes LoanScorecard Technology

first_img September 26, 2018 537 Views Share LoanScorecard, a provider of automated underwriting technology, announced today that its technology will power Deephaven Mortgage’s launch of the new IDENTI-FI  AUS.Deephaven’s launch of this technology furthers its mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage. In  In a statement, LoanScorecard stated: “As a leading issuer of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products. In order to empower originators at the point of sale, Deephaven is introducing IDENTI-FI AUS.”This Non-QM point-of-sale/pre-qualification tool leverages LoanScorecard’s Portfolio Underwriter technology. IDENTI-FI AUS will analyze the 1003 and credit report to instantly determine potential options across Deephaven’s non-agency loan programs. This, in turn, enables originators to place loans that might otherwise not qualify. Originators can run Deephaven’s AUS findings on any loan file for a detailed breakdown of the qualification criteria applied along with documentation requirements.“As a leader in the non-QM space, Deephaven embraces innovation that enables us to offer new products through technology that empowers originators for this underserved market,” said Mike Brenning, Deephaven’s CPO. “LoanScorecard fits perfectly with this approach. We are excited about using their technology to empower originators to diversify into new markets, especially those doing non-QM production for the first time.”Non-QM production has more than doubled this year and LOs are turning to the product in record numbers as the conventional market contracts.“When we first engaged with Deephaven, it was clear that our goals in the non-QM lending space aligned,” said Ben Wu, LoanScorecard’s Executive Director. “Deephaven is looking to deploy capital to capture more of the growing non-QM market. IDENTI-FI AUS furthers this goal by making technology directly available to originators at their point of sale, to help them pre-qualify borrowers in real-time.”Originators can access Deephaven’s IDENTI-FI AUS at any time at IdentifiAUS.com. in News, Technologycenter_img Deephaven Mortgage Utilizes LoanScorecard Technology technology 2018-09-26 Seth Welbornlast_img read more