Financial concerns are keeping Aussies from travelling this year, with one in three people putting off travel plans because they cannot afford it.A survey compiled by Expedia found that one in ten Australian travellers said cash shortage will keep them at home this year, MX reported.Expedia spokesperson said “consumer confidence” has decreased over the past few months and the industry could see a further decline in bookings with news of the carbon tax.“The start of the year was quite a different picture, but we’ll have to see how it plays out,” the spokesperson said.Results of up to 1000 participants sit in-line with comments made by Tourism Events Excellence conference conveyor Tony Charters earlier this week that the slow-down in travel is a result of household financial concerns such as interest rates.“The most significant financial factor impacting Australians’ holiday spending is actually interest rates not the exchange rate,” Mr Charters explained. Source = e-Travel Blackboard: N.J Tossing up between travel and cash?
Source = e-Travel Blackboard: P.T Linda Kelly-Smith, Travelport China is expected to become the number one destination worldwide, according to new Travelport research. Speaking at the company’s road show last week, Travelport head of solutions and support Linda Kelly-Smith said that within the next five years China will become the number one destination, worldwide, with up to “Two thirds of the world’s middle-class… located in the Asia-Pacific by 2030 and it’s the middle-class that predominantly travels the most”. “That is where the opportunities are, that’s the cluster that we want to target,” she said. According to statistics, 33 percent of the world’s population are online and because travellers are so well connected through social media such as Facebook and Twitter, they are keen to share their experiences and agents are encouraged to advance on these occurrences and opportunities. To keep up with the swift pace of technology, Travelport are changing the core platforms that GDS operate on. “We have to make sure that the end result is what you’re looking for… that it’s easier to use and filter through.” Ms Kelly-Smith echoed Travelport’s vision to be the world’s leading provider of informed travel choices with the introduction of cutting-edge interfaces. “Travelport has been working on Rapid Reprice for some time and we have released this in Europe and America,” she added. “The product is ready, it’s good to go. However, it’s only as good as the airlines that partner with us and the good news is we’re in discussions with a couple of airlines within Asia-Pacific and hopefully will be able to announce something soon.”Travelport have spent over $450 million on technology over the past few years, continuously updating and rolling out new products such as the Universal Desktop, Universal API, Smartpoint App, e-Pricing and Travelport Rooms and More.
Source = e-Travel Blackboard: K.W Sydney’s winter campaign ‘Love Every Second in Sydney’ has attracted a record number of visitors to its principle websites, according to Destination NSW chief executive officer Sandra Chipchase.Launched in mid-May, the campaign has drawn one million visits in June to the websites visitnsw.com and Sydney.com.Placing the websites in the top 10 most popular destination and accommodation sites in Australia, Ms Chipchase said the increase in online traffic has directed people to NSW Tourism operators and increased enquiries for holidays in the state.Ms Chipchase said the digital and social media component of the sites saw the Sydney in Winter campaign encourage over 130,000 images to be shared of fans’ best Sydney experiences. These reached over 13 million people thanks to Destination NSW’s strong focus on using multiple digital platforms to cater for travellers who are increasingly researching their holidays online and sharing their experiences. In an effort to drive visitation Ms Chipchase said the use of online and social media in the digital space is paying off, accrediting this success to an understanding of what people like and want and creating social media activities to support that.The current Sydney in Winter campaign invites people to share their favourite Sydney experience using social media and is proving popular with over 325,000 posts and photos uploaded on Facebook, Twitter, a dedicated YouTube channel and a Sydneysider blog.
Source = Scoot Scoot to launch direct services to KaohsiungScoot, Asia/Pacific’s Best Low Cost Airline, will add a second Taiwanese destination, Kaohsiung, to its network from 9th July 2015.Flights between Singapore and Kaohsiung will operate non-stop three times per week utilising Scoot’s new Boeing 787 Dreamliner, featuring streaming movies, inflight wi-fi and all the choices and Scootitude you’ve come to expect from Scoot.“Singaporeans simply love Taiwan, but there’s so much more to Taiwan than just Taipei. Scoot is therefore delighted to launch a direct service between Singapore and Kaohsiung, Taiwan’s second city. With Scoot’s unbeatable airfares and our brand-new Boeing 787 Dreamliners, there’s no better reason to get outta here and enjoy Kaohsiung’s food and night-markets, its historical sites such as the Old City of Zuoying, or the surrounding countryside including beautiful Kenting National Park.” said Campbell Wilson, CEO of Scoot.
America’s East Coast travel sellers set to pitch New ZealandThe Tuku Iho exhibition in Washington DC has been a backdrop for training that has seen over 500 travel sellers from America’s East Coast schooled up on New Zealand.“The training took place alongside the popular exhibition and leveraged the sense of excitement that it created about New Zealand” says Bjoern Spreitzer General Manager, Americas and Europe.Developed by the New Zealand Māori Arts and Crafts Institute, the exhibition showcases around 80 Māori works of art. It includes traditional and contemporary displays of art, live waka building, carving, live ta moko, kapa haka and contemporary performances.“We incorporated elements from the exhibition in into the training including participants attend the exhibition and enjoy a traditional dance lesson from the talented Tuku Iho performance group”The exhibition has seen thousands of people walk through the doors since opening late July and included a haka performance on the steps of the Lincoln memorial attracting a huge crowd with thousands more viewing online.“It’s a fantastic backdrop to work from because there are people are leaving the exhibit interested in coming to New Zealand then visiting a travel agent who we have just trained up on what’s on offer.”“Around 28 million Americans are actively considering New Zealand as a holiday destination, it’s a huge market for us to further tap into that is well supported by growing air capacity.”Around 20 representatives from the New Zealand industry took part in the training and gave the US travel sellers a real sense of the range of experiences on offer and how easy it is to get to and around the country. Training was held in Washington DC, New York, Boston and Philadelphia.Gisela Purcell, International Marketing Manager, Nelson Regional Development Agency said “The event created lots of opportunities for us to capitalise on and I’m so glad that we were able to be involved. I’ve shared the video with some local tourism operators and it’s a great example of the work going on to showcase the region. There are real advantages in being involved with something bigger than our own marketing would ever allow, which our operators fit into, support and will benefit from it.”Another major training event targeting travel sellers from the West Coast will take place in October.America is New Zealand’s third largest international visitor market with 210,000 Americans holidaying in New Zealand in the past year (YE May), a 32 per cent increase on the previous year.Source = Tourism NZ
MSC Cruises and Fincantieri announce agreementMSC Cruises and Fincantieri announce agreementToday at the Fincantieri shipyard in Monfalcone, Italy, MSC Cruises officially took delivery of its new flagship MSC Seaside. The delivery ceremony took place in the presence of Sergio Mattarella, President of the Italian Republic, Graziano Delrio, Italy’s Minister of Infrastructures and Transports, as well as other authorities and dignitaries.At the delivery ceremony of MSC Seaside, the Company’ second newly-built ship to come into service in 2017, MSC Cruises and Fincantieri also signed orders for the construction of two Seaside EVO ships, a further evolution of the Seaside Class prototype, for a total investment of €1.8 billion.MSC Cruises Executive Chairman Pierfrancesco Vago said: “MSC Seaside coming into service marks another key milestone in the history and future of our Company, but she also embodies a pivotal moment for the industry. In fact, she is the first ship of the fifth new prototype that we bring into service and introduces a wholly-innovative product that sets a new standard for the industry to follow. The Seaside Class of ships is designed to bring guests closer to the sea and to operate in sunny waters, while continuing to push the boundaries of maritime and guest-centric technology.”Mr Vago added: “As we are nearing the end of 2017, we can look back on a year when we enjoyed unprecedented capacity growth. With two of the more innovative new ships in the industry having come into service in the past six months and now with the addition of two Seaside EVO ships to our investment plan, we are now even better positioned to further extend our global footprint. We are expecting the delivery of at least one new ship each year through 2026, with six to have come into service between 2017 and 2020. ”Giuseppe Bono, CEO of Fincantieri, stated: “We are proud to have accomplished such an important project: a ship, for a new customer, the largest one ever built in Italy. This demonstrates not only our ability to satisfy the needs of the shipowners, but also the extraordinary operational level which Fincantieri has achieved. In fact, I would like to highlight that “Seaview”, the sister ship of “Seaside”, will be delivered in just 6 months, in this same shipyard”. Bono added: “we believe we have built a highly innovative ship with MSC. She marks a further technological quality leap. Such a milestone has allowed us to gain the customer’s loyalty with another order for two new ships, which will [again] represent a real evolution.”Following the new agreement between MSC Cruises and Fincantieri, the initial slot reservation agreement to build a third Seaside Class ship to be delivered in 2021, has been replaced to instead build the first of two Seaside EVO ships. The second ship is set to come into service in 2023.Key specs for the new Seaside EVO are as follows:Length/beam: 339m/41mGross tonnage: 169,380 GRTLSA: 7,280In addition to offering even more space, Seaside EVO ships will have greater dimensions, more cabins, an even larger Yacht Club – with an additional deck and larger cabins — and will be hosting up to 5,646 passengers. At the same time, just like the Seaside Class, the Seaside EVO ships will be equipped with the latest advanced environmental technology, including: a Selective Catalytic Reduction (SCR) system, an advanced active emissions control technology system, that significantly reduces nitrogen oxide (NOx) into harmless nitrogen (N2) and water; exhaust gas cleaning (EGC) technology to meet the strictest exhaust regulations in port and in operating areas; state-of-the-art waste management and recycling systems; advanced water treatment systems – going above and beyond regulatory standards and meeting the highest industry standards; and, an advanced energy and heat recovery system. Across the ships, there will be the latest generation of energy-saving devices and all areas will feature LED lighting. The ships will be ultra-hydrodynamic and thanks to optimized hull lines, propellers and rudders, combined with the latest anti-fouling paint, wave resistance will be further reduced, and greater fuel-efficiency will be achieved.With the addition of these new ships, the Company’s already industry-unprecedented investment plan will now account for 12 new ships to be built by 2026, for an overall investment of EUR 10.5 billionDuring today’s delivery ceremony, which pays tribute to centuries-old maritime tradition, Roberto Olivari, Fincantieri’s shipyard director, handed over to Pier Paolo Scala, Master of MSC Seaside, an ampoule holding the first water that touched the hull when the ship was floated out earlier this year. After the closing of the delivery ceremony, MSC Seaside will set sail for Trieste. From there, she will continue to Miami for her naming ceremony on 21 December.MSC Seaside is the first ship in the Seaside Class and a completely new prototype pushing the boundaries of innovative ship building and design. At 153,516 GRT and with a guest capacity of 5,119, she is the second newly-built next-generation mega cruise ship in the MSC Cruises fleet and the first one to be delivered by Fincantieri.MSC Seaside will be homeporting in Miami and will begin her first sailing in the Caribbean where she will call at various ports in the East and West CaribbeanFresh on the heels of MSC Seaside, her sister ship MSC Seaview will come into service in June 2018, starting her summer season in the Mediterranean Today at the delivery ceremony, Mr Vago also announced that MSC Seaview will be christened in Civitavecchia, Italy, on June 2, 2018.Source = MSC Cruises
Speaking before a joint session of Congress Thursday evening, “”President Barack Obama””:http://www.whitehouse.gov/administration/president-obama unveiled a $447 billion jobs bill – and plans to allow millions of eligible homeowners to refinance their mortgages at current rates, a staggering measure that White House officials hope will lift home prices from squalor and pad the empty pockets of American families. A “”Congressional Budget Office””:http://cbo.gov/ftpdocs/124xx/doc12405/09-07-2011-Large-Scale_Refinancing_Program.pdf (CBO) report walked a strictly nonpartisan line by dispelling the hype and criticism with both good and bad news.[IMAGE]The refinance initiative snagged a few lines toward the end of his prime time address, following an outline heavy with references to infrastructure programs, tax incentives for small businesses, reform aimed at the tax code, and more.But even those few lines shook the industry.Pledging help for “”responsible homeowners,”” Obama confirmed a slew of reports by saying that the White House will “”work with federal housing agencies to help more people refinance their mortgages”” at current interest rates.The president added that the refinance proposal would prop up American families to the tune of $2,000 a year, giving “”a lift to an economy still burdened by the drop in housing prices”” in the process.Despite high-flying rhetoric from either side of the aisle, the CBO released a report clarifying the gains to be had from a major refinance program under the Obama administration. A model used by the federal agency revealed that borrowers could reduce their mortgage payments by approximately $7.4 billion, netting about $2,600 in savings per homeowner.The report also offered up clear winners and probable losers in unmistakable terms.The winners? Mortgage borrowers suddenly able to refinance their loans at current rates and government entities like the GSEs and “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory, which back over $11 trillion in federally insured loans, according to the CBO.[COLUMN_BREAK]That means struggling homeowners could reap a bevy of benefits from mortgage rates, which “”Bankrate.com””:http://www.bankrate.com/ and “”Freddie Mac””:http://www.freddiemac.com/ “”found””:https://themreport.com/articles/plummeting-mortgage-rates-set-new-records-2011-09-08 setting record lows Thursday at 4.35 percent and 4.12 percent, respectively, for benchmark 30-year fixed-rate mortgages. The rates continue a slump unlikely to stop, as investors fleeing euro zone markets buy up more Treasury debt, spreading yields, against which the industry benchmarks rates, in the process.The losers? Investors in mortgage-backed securities, lenders, servicers, and mortgage insurers could all see their losses eclipse any benefits.A swath of investors with stakes in federally insured mortgage-backed securities ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô financial institutions, overseas investors, state and local governments, among others ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô could see their pockets empty if the bill passes. The CBO fixed losses for non-federal investors at anywhere between $13 billion and $15 billion as more homeowners refinance their government-backed mortgages.Unable to slice and dice the specifics without a look at the legislation, the CBO simply added a rough forecast for lenders, servicers, and other institutions that would lose their existing obligations and warranties with mortgage borrowers that opt to refinance.Market conditions could also derail any attempts by homeowners to refinance their mortgages en masse, the CBO said. REO-laden financial institutions still struggling with low loan volume could lack the wherewithal to meet overwhelming demand.The federal agency further highlighted the role played by servicers and lien holders, which may not make the same concessions as the FHA or GSEs.All these potential stumbling blocks aside, a refinance initiative under the Obama administration would need to jump another hurdle: the “”Federal Housing Finance Agency””:http://www.fhfa.gov/ (FHFA).Writing for the “”_Washington Post_””:http://www.washingtonpost.com/blogs/ezra-klein/post/can-the-obama-administration-refinance-your-mortgage/2011/08/25/gIQAQs3BeJ_blog.html, columnist Ezra Klein underscored the part played by FHFA acting director Edward DeMarco, a Bush administration holdover who would likely oppose the initiative, along with Republican lawmakers from both chambers, he said.The refinance initiative confirms reports by multiple news outlets that the Obama administration planned to float the idea. It was unclear Thursday how much the White House pulled from a “”widely reported proposal””:https://themreport.com/articles/print-view/nyt-obama-administration-floating-refi-proposal-2011-08-25 by two “”Columbia Business School””:http://www4.gsb.columbia.edu/ professors, who had originally urged officials to adopt a massive expansion in refinancing activity as a way to encourage the economic recovery.In his speech, the president said he planned to deliver the highly anticipated bill to Congress in 10 days. CBO Fields Winners, Losers in Obama Refinance Program Agents & Brokers Attorneys & Title Companies Bankrate Existing-Home Sales Fannie Mae FHA FHFA Fixed-Rate Mortgage Freddie Mac Home Prices Housing Affordability Investment Investors Jobs Lenders & Servicers Mortgage Rates Mortgage-Backed Securities Processing Refinance Service Providers 2011-09-08 Ryan Schuette Share September 8, 2011 402 Views in Data, Government, Origination, Secondary Market, Servicing
in Government, Origination, Secondary Market, Servicing A former company executive previously convicted of $100 million in mortgage fraud saw his name on our mortgage fraud blotter for his role in orchestrating an attempted hit from prison, right next to a loan officer sentenced to jail time for taking in $2.5 million in a reverse mortgage plot.[IMAGE]_MReport_ sourced the two stories Monday from the “”Justice Department””:http://www.justice.gov/opa/pr/2012/January/12-civ-084.html and “”_Washington Post_””:http://www.washingtonpost.com/business/ny-man-jailed-in-100m-mortgage-fraud-plot-admits-trying-to-get-key-witness-killed-in-revenge/2012/01/23/gIQAtJjHLQ_story.html.First up, the Justice Department offered the account of a Florida loan officer, Louis Gendason, sentenced by a federal judge to 70 months in the slammer, plus five years of supervised release and $2 million in restitution fees, for coordinating a reverse mortgage fraud scheme that targeted elderly borrowers.According to a statement, Gendason masterminded the effort with co-conspirators Kimberly Mackey and Marcos Echevarria to lure elderly borrowers in distress to apply for reverse mortgages, conceal real equity with a false kind obtained with fraudulent appraisals, and then abscond with actual equity.[COLUMN_BREAK]Mackey and Echevarria both received prison sentences lasting for 60 and 24 months, respectively, last year, with Gendason making the final defendant in the case.””The stiff sentence the court imposed on the leader of this reverse mortgage fraud scheme sounds a cautionary note to those who prey upon elderly, distressed homeowners,”” Tony West, assistant attorney general with the Justice Department, said in the statement. “”We will not waver in our commitment to investigate, prosecute, and hold accountable those who try to victimize our nation’s most vulnerable consumers,”” he added.In another case, former AFG Financial Group Inc. President Aaron Hand, previously convicted for his role in reaping $100 million by way of mortgage fraud, pled guilty Monday to trying to order a hit on the witness responsible for his current sentence, according to the _Post_.The news outlet said that Hand pled guilty to conspiracy to commit murder, with prosecutors saying that he gave an undercover investigator money for a gun, along with detailed instructions and $2,000 for his trouble.He previously solicited $100 million in loot from loans he and a cadre of mortgage brokers and attorneys obtained by thieving proceeds from mortgages that banks made available to homebuyers, according to the _Post_.The news outlet said that the investigator offered the court a recorded conversation in which Hand reportedly said, “”I wish I was there to├â┬ó├óÔÇÜ┬¼├é┬ª watch him suffer.””The onetime company executive could face 25 years to life if convicted on attempted murder, according to the _Post, a number of years that would top eight and 25 he continues to serve for his role in mortgage fraud. January 23, 2012 520 Views Share Agents & Brokers Attorneys & Title Companies Lenders & Servicers Mortgage Fraud Processing Service Providers 2012-01-23 Ryan Schuette Fraud,Reverse Loan Originator, Onetime Company Exec Make Fraud Blotter
TMS Funding Adds New Leader for Wholesale Lending January 26, 2012 469 Views Share “”TMS Funding””:www.tmsfunding.com/ has added a new leader to its wholesale lending division. The company, which serves as the wholesale residential lending channel of “”Total Mortgage Services, LLC””:www.totalmortgage.com/, recently announced that Domenic Melillo has been hired as its vice president of wholesale lending.[IMAGE]Melillo comes to TMS Funding with more than 30 years of industry experience that spans multiple sectors of the mortgage business including sales management, operations, strategic development, risk management, and secondary marketing. In his new role for the company, Melillo will be responsible for increasing wholesale production, and he will also manage TMS Funding’s team of nationwide account executives.Prior to joining TMS Funding, Melillo was the regional lending manager for “”NYCB Mortgage Company””:https://www.nycbmortgage.com/. While with NYCB, Melillo led all wholesale and correspondent production for the company’s Northeast region. Additionally, Melillo has operated in diverse positions for companies including “”Financial Freedom Senior Funding/One West Bank””:www.owb.com, “”IndyMac””:www.indymacmortgageservices.com/, and “”Genworth Mortgage Insurance””:mortgageinsurance.genworth.com/. While performing as a regional president for IndyMac’s correspondent sales division, Melillo delivered annual production totals in excess of $1 billion.Speaking out on Melillo’s addition to TMS Funding, the president of Total Mortgage Services, John Walsh, said, “”Our hiring of Domenic into this new regional production leadership role demonstrates TMS Funding’s continued commitment to the wholesale channel as well as the mortgage broker community.””Continuing his commentary, Walsh added, “”Domenic brings a significant amount of experience in wholesale and correspondent production to TMS Funding and will be an enormous help in delivering on our value propositions of consistent competitive pricing, extensive product knowledge and best-in class technology and service.”” in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-01-26 Abby Gregory
Share Agents & Brokers Attorneys & Title Companies Company News Ellie Mae Investors Lenders & Servicers Processing Service Providers 2012-10-22 Esther Cho The mortgage lending division of “”Carrington Mortgage Services, LLC””:http://www.carringtonhomeloans.com/ (Carrington) was inducted into the “”Ellie Mae””:http://www.elliemae.com Hall of Fame for mortgage technology. [IMAGE]Carrington was specifically recognized for the “”Best Adoption of Automation”” at Ellie Mae’s Encompass EXPERIENCE 2012 National User Summit in Las Vegas due to the company’s customization of Ellie Mae’s “”DataTrac””:http://www.elliemae.com/solutions/datatrac/ mortgage management software. Carrington’s modification of Ellie Mae’s software led to a paperless system and to the inclusion of numerous business rules to originate compliant loans. By factoring in Carrington’s rules, checks and processes, the company maintained its focus on producing compliant, non-defaulting loans. The customization led to improved turnaround times on retail and wholesale loans and minimized instances of default and fraud among loans sold to investors. “”It is an honor to be recognized by Ellie Mae for our successful customization of their technology and for our drive to continuously improve upon the way we do business,”” said Carrington’s executive VP Ray Brousseau. “”With technology playing such an integral role in how the lending industry operates, and because these tools are evolving at such a rapid pace, we are already working on further robust technological enhancements to be unveiled in 2013.””Founded in 2007, Carrington Mortgage Services is based in Santa Ana, California and is licensed to originate loans in 41 states and the District of Columbia. Carrington Awarded Place in Ellie Mae’s Hall of Fame for Technology in Data, Government, Origination, Secondary Market, Servicing, Technology October 22, 2012 438 Views
Share With the value of Fannie Mae’s gross mortgage portfolio having going under its cap for 2016 in March, the value of the portfolio sank even further in April, contracting at an annual rate of 15.4 percent, according to Fannie Mae’s April 2016 Monthly Volume Summary.The contraction resulted in the unpaid principal balance of the portfolio shrinking by about $4.29 billion, down to about $328.03 billion. The portfolio has contracted at an average annual rate of 14.1 percent for the first four months of 2016. The cap for 2016 is $339.3 billion.According to the May 2016 Chartbook from Urban Institute, “(The GSEs) are shrinking their less liquid assets (mortgage loans and non-agency MBS) at close to the same pace that they are shrinking their entire portfolio. The GSEs will have no trouble meeting their portfolio size limits for 2016: even though it is early in the year, Fannie Mae is already underneath their year-end 2016 portfolio cap.”Fannie Mae’s fellow GSE, Freddie Mac, fell below the 2016 cap in April.In January, Fannie Mae’s gross mortgage portfolio experienced a rare expansion, increasing at an annual rate of 5 percent. With February’s contraction, the portfolio has now contracted in all but four months out of the last 67 months (since June 2010). The four months in which the portfolio expanded were January 2016, March 2015, January 2015, and December 2012. At the beginning of that stretch in June 2010, the amount of unpaid principal balance (UPB) of the loans in the portfolio was $818 billion.Fannie Mae’s total book of business, which includes the gross mortgage portfolio plus total Fannie Mae mortgage-backed securities and other guarantees minus Fannie Mae MBS in the portfolio, declined at a compound annualized rate of 0.5 percent in April up to a value of about $3.110 trillion, according to Fannie Mae.The serious delinquency rate on Fannie Mae-backed loans fell by four basis points from March to April down to 1.40 percent, and Fannie Mae completed 7,097 loans during the month.Click here to view the complete Monthly Volume Summary for April. Fannie Mae Monthly Volume Summary mortgage portfolio 2016-05-31 Seth Welborn May 31, 2016 465 Views Now Below 2016 Cap, Fannie Mae Portfolio Shrinks Further in Daily Dose, Government, Headlines, News, Secondary Market
Share Homeowner estimates and appraised values continue to diverge, according to the National Quicken Loans Home Price Perception Index released on Tuesday. Appraised values were 1.9 percent lower than homeowner expectations in April.Owner estimates were 1.77 percent lower than appraised values in March. April is the fifth month in a row the gap between appraiser and homeowner has expanded.According to the report, the discrepancy between homeowner and appraiser values is widest in the West. In the Midwest and Eastern parts of the country, appraisals were more likely to come in lower than the owner’s expectations. These homeowners are likely to have a better mortgage experience due to their more accurate grasp on the marketplace, said Bill Banfield, VP of Capital Markets at Quicken Loans.”The appraisal is one of the most important data points in a mortgage transaction,” Banfield said. “This single number can impact how much money a buyer needs to bring to closing or the equity that is available to the homeowner on a refinance. If homeowners have a grasp on home value differences throughout their local area, it can lead to a smoother mortgage process.”On their own, appraised values rose for the month. According to the National Home Value Index (HVI) appraised values increased by 1.06 percent for April. Year-over-year, they jumped more than 5 percent. The HVI showed increases in appraised values across all regions measured, with the West seeing the biggest annual increase at 6.52 percent. The Northeast had the small increase in values, rising 3.54 percent over the year.According to Banfield, tight inventory is to blame for the nationwide jump—and it could push buyers into smaller, more affordable homes.”Home values were pushed higher once again by the demand for housing outpacing the stock of available homes,” Banfield said. “This effect is intensified by the start of the spring buying season. While sellers are obviously thrilled as their investment continues to grow in value, this trend could make homebuyers set their sights on smaller homes or less pricey neighborhoods. I would encourage homeowners who are considering listing their home to take advantage of the opportunity they have in this sellers’ market.” May 9, 2017 634 Views Homeowners, Appraisers Continue to Diverge in Daily Dose, Data, Headlines, News appraised values Appraisers homeowner estimates Quicken Loans 2017-05-09 Aly J. Yale
June 8, 2018 598 Views Share Rhode Island-based Embrace Home Loans, a digitally focused mortgage lender, announced that its borrowers can now rapidly verify assets through a digital experience, eliminating the need for borrowers to print, copy, and email paper bank statements, thereby reducing the process to secure a mortgage by up to a week or more.The innovation is a result of a software integration between Finicity, a provider of real-time financial data aggregation and insights, and Embrace’s loan origination system. When borrowers apply for a mortgage online, they can simply give Embrace permission to generate a verification of assets report using data direct from their bank. This process is more secure than sending printed documents or electronic documents via fax or email. The new capability also enables Embrace to take advantage of Fannie Mae’s Day 1 Certainty program, as Finicity is an approved report provider. This program provides lenders faster-documented loan approvals.”This is a dramatically improved experience for Embrace and for our customers,” said Embrace Home Loans CEO Dennis Hardiman. “With Finicity’s help, we’ve removed one of the biggest sources of friction in the mortgage process, which is documenting the borrower’s assets and income. It’s a landmark development in our journey toward becoming a fully digital mortgage lender.””More and more, customers expect services that they can access online via their phones or PCs, and it must be easy to understand and use,” said Steve Smith, Finicity’s CEO. “Embrace gets this, allowing us to work together to accelerate the mortgage process for borrowers while enabling them to retain total control over their financial information. We are excited to integrate with a digital innovator like Embrace.”Because Embrace is working directly with Finicity instead of going through a third-party vendor, the integration between the two companies is more flexible than similar arrangements. For example, Embrace is able to collect complete bank statements, which it can use to help assess a borrower’s income and cash flow. This is particularly helpful for self-employed borrowers, who often have difficulties verifying income because they are paid irregularly. For loan approval purposes, self-employed borrowers can now use cash flow data in their bank statements instead of tax forms.”Ensuring a borrower’s assets and income in just minutes not only lets us streamline approvals, we’re also removing hurdles for non-conventional loan borrowers as well,” Hardiman said. “After years of watching frustrated borrowers wrestle with requesting, copying and scanning paper bank statements, we’re now seeing loans sail through our system. In a word, it’s breathtaking. And our customers couldn’t be happier.” in Data, Headlines, journal, News, Origination, Technology Company News Embrace Home Loans Finicity 2018-06-08 David Wharton Embrace Home Loans & Finicity Streamline Borrower Approvals
A Glimmer of Hope for Existing Home Sales? in Daily Dose, Data, Featured, News Existing home sales were down 8.5 percent in January from a year ago and dropped 1.2 percent month over month according to the latest Existing-home sales report released by the National Association of Realtors (NAR) on Thursday.A seasonally adjusted rate of 4.94 million existing home sales in January also marked the lowest level of sales since November 2015, marking a cyclical low according to Lawrence Yun, Chief Economist at NAR. The Northeast was the only region that saw an uptick in sales during the month, the report indicated.The report, which also records the median prices for existing homes indicated that in January, home prices were up 2.8 percent at $247,500 from the same period last year, marking the 83rd month of consecutive year-over-year price gains. Despite these increases, Yun said that median home price growth was the slowest since February 2012.“Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low,” he said. “Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.”Another factor that was likely to lead to more home sales in the spring buying season was the lower mortgage rates compared with December 2018. While they had little impact on home sales in January, Yun projected that the lower rates would “inevitably lead to more home sales.”Despite rising inventory, housing supply continued to remain an area of concern especially at the lower end of the market. The total housing inventory, according to the report, increased to 1.59 million from 1.53 million in the prior month. Unsold inventory was at a 3.9 months’ supply at the current sales pace, up from 3.7 months in December and 3.4 months during the same time last year.“Taking steps to lower construction costs would be a tremendous help. Local zoning ordinances should also be reformed, while the housing permitting process must be expedited; these simple acts would immediately increase homeownership opportunities and boost local economies,” Yun said. Existing-Home Sales Home Prices homes HOUSING Inventory Lawrence Yun NAR 2019-02-21 Radhika Ojha February 21, 2019 754 Views Share
You might also be interested in An apple flower clusterU.S. researchers say there is exciting potential for plant-based nanocrystals to play a huge role in protecting buds and flowers from frost damage in the future.A team at the Washington State University (WSU) is developing a solution using cellulose nanocrystals which are sprayed onto trees. Trials are in their initial stages, but initial results show a significant improvement in hardiness level.The university recently received a US$500,000 grant from the U.S. Department of Agriculture’s National Institute of Food and Agriculture to develop the nanotechnology. The Washington Tree Fruit Research Commission contributed an additional US$100,000 to help fund field trials.Matthew Whiting, scientist and professor of horticulture at WSU’s Irrigated Agriculture Research and Extension Center, said the solution isn’t just more environmentally friendly and sustainable than traditional frost protection methods, but it could actually be more effective at preventing damage.Speaking with Fresh Fruit Portal, he explained that the nanocrystals were produced by breaking down cellulose via a digestive process and then dissolving them in water. The resulting suspensions can then be sprayed onto crops.There has been a lot of innovation and interest in finding markets for nanocrystals, Whiting explained, but the researchers have now taken a new approach by investigating the product’s thermal traits.”We tried this first in late spring 2017 and found really interesting and very promising results,” he said.”From there we built our proposal to the USDA based on those preliminary results and got the funding, and we’ve been pursuing it in earnest this past winter and this spring.” Turkish cherry industry confident of strong future … July 24 , 2018 U.S.: California forecasts record-breaking cherry … Dalian Yidu chief wins visionary award at Global C … Crops all over the world suffer devastating frost damage on a regular basis, and while there is already an array of protective measures available, many of them – like propane burners or water sprinklers – are based on unsustainable technologies.Cellulose, however, is a renewable resource and Whiting believes it “ticks the boxes for being a sustainable, long-term solution.”It could be more effective than other methods as well, with trials over the last year and a half suggesting the technology could improve crop hardiness by up to 4 degrees Celsius. “We really began this with significant field trials this past spring. We were working with apples and cherries, and also had some preliminary evidence in wine grapes,” he said.”The interesting thing is it doesn’t seem to matter which species you’re working on – the protective effect is not crop-dependent. We are excited by the potentially broad applicability of the results.”The trials so far have involved small-scale research farms, with the researchers taking 10 replicate trees and treating them with different concentrations of the nanocrystal films. They then take branches with buds at various stages of development and put them in a freeze chamber that mimics a cold frosty night. The tissue and flower death is then evaluated and compared with the untreated samples.”We’ve seen a 3.5- and sometimes a 4-degree improvement in the hardiness level. For example, if an untreated flower is killed at -1ºC, the treated were hardy to -3ºC or -4ºC,” he said.There has been a lot of local interest from industry stakeholders who are eager to assist with large-scale trials, which are due to begin next year.Whiting said it was still early days and trails are expected to continue for another three years as there are many questions that need to be answered, such as the best concentrations in which the nanocrystals should be applied.Photo: WSU Turkish cherry industry eyes strong future in Chin …
0 Comments Share “It was unbelievable, it was our fans in there pulling for us and pushing us to victory. It was an unbelievable feeling.”Sunday’s matchup is not likely to have the same energy as the championship game, though it is a battle of teams looking to remain undefeated on this young season.Besides a chance to improve to 3-0 for the first time since 1974, the game also represents an opportunity for the Cardinals to pick up their play on offense against one of the league’s better defenses. “We’re not thinking about the 3-0, we’re just thinking about going out there and playing 60 minutes of good football,” Fitzgerald said. “We need to be able to do that. We haven’t done that thus far; from an offensive standpoint we haven’t even been close.”The Cardinals have scored 20 points in each of their first two games, though they rank 30th in the NFL in total offense and are tied for last in the league with a 5.6 yards per attempt average in the passing game.“You know the way our defense is playing, the way our special teams is playing,” Fitzgerald mused, “the blocked field goals, the blocked punts.“These guys are playing lights out, it’s time for us to pull our weight.” What an MLB source said about the D-backs’ trade haul for Greinke Arizona Cardinals receiver Larry Fitzgerald remembers the 2008 NFC Championship Game quite well.The Cardinals were facing off against the Philadelphia Eagles for the right to go to Super Bowl XLIII. The game was at University of Phoenix Stadium, and it’s the last time the Eagles played in the building. Philadelphia is Arizona’s opponent this Sunday.“I just remember, vividly, the energy in that building,” Fitzgerald said of the championship game. “When they announced us and we were coming out of that tunnel…the hair on my arms was standing up, I mean, I’d never heard it that loud. D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Top Stories Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away
Derrick Hall satisfied with D-backs’ buying and selling Top Stories LISTEN: Podcast – Big Red Rage With the NFL draft approaching in two weeks, the Arizona Cardinals are working feverishly to settle their draft board.Cardinals’ general manager Steve Keim told Arizona Sports 620’s Big Red Rage Show Thursday the team has had spirited conversations about this year’s crop of players.“We rank them one through 120 on who we would take for the Arizona Cardinals,” Keim said. “So once we get to draft day and all the emotions are running, we’ve already had those tough conversations, we’ve already separated these players. So once we get to the seventh pick and six players are gone, it’s easy to know who we’re taking.” “It happens every year. You just have to be willing to turn over every stone and to dig and we have a great scouting staff that does their due diligence and we feel very good about our process.” Comments Share Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo But despite making great progress, Keim said the organization hasn’t come to a consensus on a pick.“Not yet. We’ve actually gotten most of the way through the offensive part of our discussions,” Keim said.Keim said those discussions have proven to be heated and opinionated at times, which he believes is a good sign.“You want to see people fight for what they believe in,” Keim explained. “So if you had a camera in that war room while we’re talking about the players, it can get quite interesting. But at the end of the day when we put that card on the board, it’s a Cardinal grade.”The Cardinals’ GM said the team remains steadfast on selecting the best available player and will look to draft accordingly.But one area of the draft that appears particularly strong is the depth at the offensive line position, which is something that hasn’t gone unnoticed by Keim and the Cardinals.“We finished talking about most of the offensive lineman [Thursday],” Keim stated. “It is a good group, not only from top to bottom. I mean there are guys that are going to go in the first round and I think they’re going to have tremendous success. I think there are going to be guys you could find in rounds three through six that are going to be good, quality NFL starters. Your browser does not support the audio element. Grace expects Greinke trade to have emotional impact
Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Top Stories Comments Share Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals return home Sunday, where they’ll face the St. Louis Rams at University of Phoenix Stadium.Below is the official Week 14 injury report for both teams. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo
Houston Texans head coach Bill O’Brien watches play against the Cleveland Browns in an NFL football game, Sunday, Oct. 15, 2017, in Houston. (AP Photo/Eric Christian Smith) Former Cardinals kicker Phil Dawson retires Top Stories Do not expect a high-scoring affair when the Houston Texans host the Arizona Cardinals on Sunday afternoon at NRG Stadium.The Cardinals only scored 10 points last Thursday against the Seattle Seahawks. But without rookie quarterback DeShaun Watson, the Texans’ offense has scored a total of 14 points in their last two games with Tom Savage under center.Houston’s chances of winning a third-straight AFC South division title seem to hinge on how the Texans’ defense performs. But without three-time Defensive Player of the Year J.J. Watt, the Texans’ defense has taken a step back in 2017. Defensive coordinator Romeo Crennel’s unit has given up 26.8 points per game, the second-worst average in the NFL. • Robert Griffin III: I could help the Texans (Toro Times)The 27 year-old Griffin was released by the Cleveland Browns back in March after playing only five games last year for them due to injury. He threw for 886 yards, two touchdowns and three interceptions while completing 59.2 percent of his passes.• Cardinals starting QB Blaine Gabbert versus Texans (Houston Chronicle)“I think he’s a quick decision-maker,” Texans coach Bill O’Brien said. “I think he throws an accurate ball. I think he can move. I think he’s fairly athletic. I think he’s a smart guy. We practiced against him when we scrimmaged against San Francisco last year saw some good things from Blaine. High draft pick. I know that he’s had some really good games in this league and so we need to be ready to go.”Friday, November 17• Texans’ Jadeveon Clowney: ‘I’m having an OK season’ (Houston Chronicle)Despite the season-ending injuries to J.J. Watt and Whitney Mercilius and becoming a marked man from blocking schemes, Clowney has still managed to tie his career-high with six sacks. He already has a dozen tackles for losses, four less than his total from all of last season with seven games to play. “The thing about Zach is he runs around and plays hard,” Texans defensive coordinator Mike Vrabel said. “He’s much more physical than what we saw on film coming out. He’s just got to continue to develop and improve.”• Challenges mount for Texans’ Tom Savage after injury to WR Will Fuller (ESPN NFL Nation)Fuller injured his ribs in the Texans’ Week 10 loss to the Los Angeles Rams while attempting to catch a short pass in the middle of the field from quarterback Tom Savage.• Injury to ribs expected to sideline Will Fuller this week (ESPN NFL Nation)“He took a pretty good shot,” coach Bill O’Brien said Wednesday. “He’s a tough guy. … Very tough guy, especially for the way he’s built. He’s one of our better receivers when it comes to blocking. He does a lot of different things for us that people probably don’t even notice. But he’s slightly built.”• Run game in focus as Texans get set for Cards (HoustonTexans.com)Houston ran for 94 yards in the loss to the Colts, and 89 yards last week at Los Angeles. They’re now sixth in the NFL with 127.9 rushing yards per game. Getting back closer to that mark, or above it, is a priority and a bonafide possibility for the likes of Lamar Miller, D’Onta Foreman and Alfred Blue. • Without Deshaun Watson, Texans’ success will again rely on defense (ESPN NFL Nation)Nine wins generally gives a team a chance at a playoff berth in the NFL — as it has for the last three seasons under O’Brien — which means the Texans have little margin for error moving forward. With an offense that has struggled since Watson’s injury, that means the defense has to step up and carry the team, just as the unit has had to for most of the franchise’s history.• Texans’ Tom Savage has struggled, but no better option on roster (ESPN NFL Nation)(Head coach Bill) O’Brien said the Texans did discuss Kaepernick, but the team instead opted to sign Yates and McGloin immediately after Watson was put on injured reserve. On Saturday, Kaepernick’s lawyer, Mark Geragos, told the Reasonable Doubt podcast that the Texans’ poor play has made the case against the NFL “even stronger.”The Texans had the fourth-easiest schedule to play in the second half, but as Houston showed in the first game on that list, it won’t be smooth sailing unless something changes. Now at 3-6 and three games back in the division, the Texans are quickly losing time to right the ship, and there’s no healthy quarterback on the roster who can help plug the Texans’ Watson-sized hole. • Tom Savage pops up on injury report (Toro Times)It turns out that starting quarterback Tom Savage suffered a shoulder injury during this past Sunday’s loss to the Los Angeles Rams.Wednesday, November 15• City of Houston makes Sunday ‘Andre Johnson Day’ (Houston Chronicle)“When I came here in 2003 I never thought I’d be given a day,” Johnson said. “I came here just to play football and live out my dream. I see that now I was able to touch a lot of people in this community. And now to be given my day, it just means a lot.”• Texans work out tight ends Gabe Holmes, Brandon Barnes (Houston Chronicle)The Texans have two tight ends on the active roster, C.J. Fiedodorowicz and Stephen Anderson, after placing tight end Ryan Griffin on injured reserve last week with a concussion.• Texans need consistent running game to spark struggling offense (ESPN NFL Nation)The Texans have the NFL’s sixth-best rushing offense and have averaged 127.9 yards per game this season, but the majority of that came with rookie quarterback Deshaun Watson under center. Watson contributed to the success with 269 yards on 36 carries in seven games, and his mobility also opened up the Texans’ passing game, giving them a balanced and effective attack that turned into one of the league’s best offenses. • Texans injury report: Chris Thompson sidelined with knee injury (Houston Chronicle)The Texans’ return game is hurting.With rookie wide receiver Chris Thompson sidelined with a knee injury and wide receiver Will Fuller out with cracked ribs, the Texans are shorthanded on special teams.• DeAndre Hopkins learned a lot from ‘big brother’ Andre Johnson (ESPN NFL Nation)Hopkins’ breakout season was Johnson’s last in Houston, in 2014. Hopkins had 76 receptions for 1,210 yards and six touchdowns that year, during which he established himself as one of the NFL’s best. Johnson and Hopkins combined for 161 receptions in each of their two seasons together from 2013-14, and they totaled 2,209 yards in 2013 and 2,146 in 2014. The pair’s combined 322 receptions and 4,355 receiving yards from 2013-14 are the fourth most by any pair of teammates in that span.• Mercilus once star struck by Andre Johnson (HoustonTexans.com)“The best moment of me remembering Dre was when I pulled my hamstring,” Mercilus said. “I want to say it was my second year in 2013 in the summer and we sat down in the meal room. I sat down right across from Dre and he turned to me and said, ‘Man, was that you who went down?’” I was like, oh my gosh. Dre just talked to me. He’s a legend.” Derrick Hall satisfied with D-backs’ buying and selling • Texans tried to ‘mix it up’ with Braxton Miller at QB (Houston Chronicle)The most experienced quarterback on the Texans’ roster besides the actual quarterbacks who play the position for a living is wide receiver Braxton Miller. On Sunday, Miller relived his old role as a quarterback at Ohio State as he was utilized in some Wildcat-style plays. Miller handed off once and rushed one time for a single yard during a loss to the Los Angeles Rams.Texans coach Bill O’Brien didn’t sound thrilled with the results, though, or likely to expand Miller’s role as a quarterback.“Just trying to mix it up a little bit,” O’Brien said. “I just felt like it didn’t really help the rhythm of the offense. It wasn’t Braxton’s fault. It just didn’t really help what we were trying to do. It didn’t have the effect that I thought it was going to have.”• Texans CB Kevin Johnson regaining old form (Houston Chronicle)On Sunday during a loss to the Los Angeles Rams, Johnson arguably delivered his best performance of the season.Johnson covered well and was an aggressive tackle, including a tackle for a loss on a Tavon Austin run. He had four tackles overall. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact • Houston Texans: Why the team should sign Robert Griffin III now (House of Houston)The Houston Texans have become an absolute snooze fest because of Watson not being around with his ailments but one familiar name has recently said he’s open to signing with the Houston Texans.• Deshaun Watson, J.J. Watt bonding in treatment room (Toro Times)It looks like Houston Texans’ stars Deshaun Watson and J.J. Watt are building a strong relationship while they both recover from serious injuries.Thursday, November 16• Bill O’Brien on Texans QB Tom Savage’s play: ‘It’s time to get going’ (Houston Chronicle)Savage has lost all three of his starts this season, including the past two since replacing injured rookie star Deshaun Watson. Savage is in his fourth NFL season, but has started just five career games.• Texans assistant Mike Vrabel once caught an Adrian Peterson stiff-arm (Houston Chronicle)“Guys were asking me if I got one of those stiff-arms,” Vrabel said. “I think I was in my 15th year in a preseason game. I came off the fullback and next thing I know I caught one of those stiff-arms in Minnesota.”• Texans impressed with rookie Zach Cunningham’s development (Houston Chronicle) • Bill O’Brien noncommittal on Texans WR Will Fuller’s status (Houston Chronicle)Texans starting wide receiver Will Fuller absorbed a big hit Sunday from Los Angeles Rams safety Lamarcus Joyner, enough of one that he injured his ribs and left the game. The Cardinals have relied on Adrian Peterson since his arrival, but Houston has been stout against the run, allowing only an average of 99.7 yards per game. Regardless of who starts at quarterback, the Cardinals could have success throwing the ball against a Texans’ secondary that has been torched to the tune of 253.8 passing yards per game, the fifth-worst average in the NFL.The Texans need a win to stay within shouting distance of the Tennessee Titans and Jacksonville Jaguars. The Cardinals are right in the thick of the wild card picture. All week, we’ll take you to Houston to give you an inside look at the story lines and players surrounding the interconference showdown.It’s Behind Enemy Lines.Saturday, November 18• Vandermeer’s View: Dre Day (HoustonTexans.com)There’s important work to do this weekend. The Texans are in a deep hole at three games under .500. They have lost three in a row and are in desperate need of getting their offense going to stop the bleeding.• Houston Texans vs Cardinals: 2017 Week 11: Three things to watch (House of Houston)The team look like a beat-up jalopy trotting up and down the field with enough guff to get themselves in the end zone just once to avoid the embarrassment of getting blanked. They, of course, ended up falling to the Rams 33-7. • Houston Texans: How Kevin Johnson has begun his ascent to greatness (House of Houston/Fansided)Johnson delivered four bone-crunching tackles — with one assisted — that indicates his injury that he sustained earlier in the season — that caused him to miss five games — is quickly starting to be of little concern with each day that passes.• The Houston Texans are Searching for Answers (Scout.com)O’Brien attributes the Texans poor performances the past two weeks to not finishing drives. Combined in those games, the Texans are 0-5 in trips to the red zone after being a top five team in the red zone with Deshaun Watson. Interceptions have really set the Texans back when Savage is running the offense.• Robert Griffin III thinks he could help Texans (Houston Chronicle)Robert Griffin III is a quarterback who would like to get his foot in that revolving door again, but a team has to give him a chance.If the Texans are in the market to sign another quarterback, all they have to do is give him a call, and Griffin will answer on the first ring.Tuesday, November 14• Texans coach Bill O’Brien stresses need for consistency (Houston Chronicle)“Finish drives,” he began. “There were five games in a row when we were scoring a punch of points. I know we had a different quarterback (Deshaun Watson), but we were finishing drives pretty well. We’ve got to get back to finishing drives – in the end zone, not with field goals and obviously not with turnovers.” 1 Comments Share
Cardinals OC Mike McCoy has a tendency to run his RBs too much behind C:•The NFL avg is 28.9% over the last 3 years•David Johnson has a 10% success rate on 1st down running behind C (1.8 YPC)•McCoy’s run offenses ranked #32, #24 & #22 the last 3 yrs•Run rate visualized: pic.twitter.com/mI4BwOAvOB— Warren Sharp (@SharpFootball) October 18, 201831Ranking 31st in the NFL and ahead of only the Bills, the Cardinals averaged 156.1 passing yards per game and 5.8 yards per attempt.13.1Arizona also ranked ahead of Buffalo in points per game, averaging 13.1 under McCoy. Buffalo heads into its seventh game at 12.7 points per game, while the New Orleans Saints lead the NFL at 36. Only six teams average fewer than 20 points per game.32, Part IThe Cardinals ranked dead last in the NFL in rushing yards averaged per game (64.6) and average yards per carry (3.2).32, Part IIArizona also ranked at the bottom in several passing statistics through Thursday. The Cardinals are tied for having thrown the most interceptions (9). Five have been thrown by Rosen, while four were thrown by Sam Bradford through the first three weeks of the season. The rest of the league has yet to wrap Week 7 of play, but here’s a look at just how much McCoy’s offense struggled to produce during his tenure.Related LinksArizona Cardinals fire OC Mike McCoy, promote Byron LeftwichArizona Cardinals GM Steve Keim calls loss to Broncos ’embarrassing’Arizona Cardinals QB Josh Rosen has ‘frustrating’ night in loss to BroncosArizona Cardinals hit rock bottom in lopsided loss to DenverRapid Reactions: Cardinals struggle on both sides of ball in loss to Denver23.1The Cardinals haven’t put themselves in position to succeed on third down. That said, they haven’t gotten it down on third downs, either. Arizona ranks last by converting 23.1 percent of their third downs, by far worst in the league. The Buffalo Bills are second-to-last at 27.9 percent, and every other team ranks from 31.2 percent to 49.4 percent on third-down conversions heading into the weekend.0-of-17Spanning the Cardinals’ Week 6 loss to the Minnesota Vikings through the first half Thursday against Denver, Arizona went on a streak of 0-of-17 on third-down conversions before a Rosen scramble broke the streak on the first drive of the third quarter. That was part of an 11-play, 63-yard touchdown drive that was significant in itself.49-7Halftime adjustments haven’t been productive for the Cardinals’ offense. They entered Thursday having been shut out 42-0 in third quarters this season before Rosen led the offense on the aforementioned drive that ended on a four-yard touchdown throw to Larry Fitzgerald. The McCoy-led team was outscored 49-7 in third quarters. Former Cardinals kicker Phil Dawson retires 8 Comments Share Mike McCoy has been fired three times since the 2017 calendar year began.On New Year’s Day, the San Diego Chargers relieved him of duties as head coach. McCoy latched on to the Denver Broncos as offensive coordinator heading into 2017, but he was fired after Week 11 of that season in the midst of a six-game losing skid.He didn’t even last that long in Arizona. Joining first-time head coach Steve Wilks’ staff and challenged with a new-look quarterback room that included veteran Sam Bradford and rookie Josh Rosen, McCoy was replaced with quarterbacks coach Byron Leftwich on Friday, the morning after the Cardinals’ 45-10 loss to the Broncos on Thursday Night Football. Grace expects Greinke trade to have emotional impact Former Arizona Cardinals offensive coordinator Mike McCoy call a play during the first half of an NFL football game against the Denver Broncos, Thursday, Oct. 18, 2018, in Glendale, Ariz. The Cardinals announced Friday, Oct. 19, 2018, that McCoy has been relieved of his duties and that quarterbacks coach Byron Leftwich will assume his position. (AP Photo/Ralph Freso) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories 1Fitzgerald’s catch with 8:33 left in the third quarter, by the way, was his first score this season. He has caught 26 balls on 43 targets for 255 yards so far this year and is on pace to total 583 yards, which would be nearly 200 yards off his worst season of 780 receiving yards his rookie year.3.2That’s David Johnson’s average yards per carry this season. He’s rushed for just 335 yards through the seventh game of the year. According to Sharp Football Stats, he struggled immensely on first downs and third downs, respectively averaging 1.9 yards and 1.4 yards per rush.Johnson averaged 5.0 yards per carry on second downs.63 percentNot including the loss to Denver, McCoy’s Cardinals rushed the ball behind rookie center Mason Cole 63 percent of the time in 2018 with limited results. That was even extreme by McCoy’s standards. He ran it behind center 47 percent of the time with the Chargers in 2016. As offensive coordinator of the Broncos last year before getting the axe after Week 11, McCoy called runs up the middle 40 percent of the time, according to Sharp Football Stats.The NFL average, according to Sharp Football Stats, is 28.9 percent over the last three years. Derrick Hall satisfied with D-backs’ buying and selling