Mortgage Rates Bounce as Washington Brokers Budget Deal October 17, 2013 409 Views Mortgage rates broke their streak of weekly declines, climbing this week as the federal budget deadline approached.[IMAGE]””Freddie Mac””:http://www.freddiemac.com/ released Thursday its weekly Primary Mortgage Market Survey, showing the average 30-year fixed rate at 4.28 percent (0.7 point) for the week ending October 17, up from 4.23 percent last week. A year ago at this time, the 30-year fixed averaged 3.37 percent.[COLUMN_BREAK]The 15-year fixed rate was an average 3.33 percent (0.7 point), up from 3.31 percent previously.The story was a bit different for adjustable rates. While the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was up–increasing to 3.07 percent (0.4 point)–the 1-year ARM was down, averaging 2.63 percent (0.4 point) from 2.64 percent last week.””Bankrate.com’s””:http://www.bankrate.com/ weekly national survey–released on Wednesday, a day ahead of its usual schedule–recorded the average 30-year fixed rate at 4.42 percent, an increase from 4.39 percent. The 15-year fixed rate averaged 3.49 percent, also up.Meanwhile, the 5/1 ARM experienced a decline, dropping to 3.31 percent.As has been the case over the last several weeks, rate movements this week were influenced mostly by the unfolding drama in Washington, which was finally resolved Wednesday.””The potential drag from the government shutdown and looming debt ceiling deadline had pulled rates lower in recent weeks, but hopes that a deal could be in the works eased those concerns late last week,”” Bankrate said in a release. Agents & Brokers Attorneys & Title Companies Bankrate Freddie Mac Investors Lenders & Servicers Mortgage Rates Politics Service Providers 2013-10-17 Tory Barringer in Data, Origination Share
U.S. consumer confidence jumped up more than four points from June to July, signaling a brighter economic outlook among Americans.The Conference Board’s Consumer Confidence Index reached 90.9 in the group’s July survey, up from 86.4 in June. As of July, the index stands at its highest level since before the Great Recession.Lynn Franco, director of economic indicators at the Conference Board, said the surge was fueled by strong job growth and a brighter short-term outlook for the labor market and personal incomes.”Recent improvements in consumer confidence, in particular expectations, suggest the recent strengthening in growth is likely to continue into the second half of the year,” Franco added.The index component measuring consumers’ feelings about their present situation increased two points to 88.3, the Conference Board reported, while the index gauging future expectations jumped more than six points to 92.7.Looking at recent economic developments, 15.9 percent of consumers surveyed said jobs are plentiful at the moment, though nearly double that percentage maintained that work is still hard to find.Looking ahead, however, Americans were more positive, with a greater share expecting more jobs in the months to come and a smaller number expecting labor to fall—an improvement Federal Reserve leaders might take note of as they sit down this week to decide their next move in monetary policy, says Paul Ashworth, chief U.S. economist for Capital Economics.”The net difference between those two balances shrank to -14.8 in July, from -16.1. That decline strongly suggests that the amount of slack in the labour market really is diminishing quite rapidly, which many Fed officials still aren’t willing to admit,” Ashworth said in a note to clients. Share in Daily Dose, Data, Headlines, News Consumer Confidence Hits Post-Recession High Conference Board Confidence Jobs 2014-07-29 Tory Barringer July 29, 2014 525 Views
January 27, 2016 661 Views Share It appears the Federal Reserve is back to its regularly scheduled programming in terms of interest rates as many in the mortgage industry expected. As their first meeting of the year came to a close, the Federal Open Market Committee (FOMC) agreed to leave the federal funds rate at its current level due to economic worries.”Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent,” the FOMC minutes said. “The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.”As the U.S. struggles to combat drastically low oil prices, a volatile stock market, and inflation disappointments, coupled with a too-strong U.S. dollar, Fed officials practically had no choice but to leave rates unchanged. Given the rough start to 2016, some in the industry are beginning to question if the Fed will dial back on its December decision or ease up on the four “gradual increases” projected for this year.”The renewed turmoil in global financial markets together with the downward revisions to estimates of fourth-quarter GDP growth in the U.S. have prompted claims that the Fed made a serious policy error in raising interest rates late last year,” Capital Economics said. “With the risks of an extended downturn in the U.S. economy still modest, however, and domestic price pressures building, it would have been foolish of the Fed to ignore the cumulative improvement in labor market conditions for any longer.”The FOMC minutes released Wednesday afternoon showed that Fed officials are concerned about inflation still running below the target level of 2 percent. This hindrance is partially the fault of falling energy prices and prices of non-energy imports.”Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen,” the minutes said. “Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further.”The Fed did not back off of their previous forecast for more rate hikes in 2016, but with the economy in a questionable state, the committee is just not certain when the rates will go up again.”The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data,” the Fed said.Wells Fargo analysts agreed that “further deterioration in long-term inflation expectations could alter Fed officials’ views on the timing and magnitude of the rebound in inflation, thereby pushing back the timing of the committee’s next rate hike.””With oil prices hitting fresh multi-year lows this month, inflation’s return to the Fed’s 2 percent target has been delayed yet again,” Wells Fargo analysts said. “One linchpin in the Fed’s decision to begin raising the fed funds rate in December, despite still-soft inflation readings, has been the relative stability of survey-based long-term inflation expectations. Yet, the prolonged downdraft in oil is testing the Fed’s view of “transitory” effects on inflation as the highly visible decline in energy prices has seeped into views of long-term inflation.”Click here to read to full FOMC statement. in Daily Dose, Government, Headlines, News Federal Open Market Committee Federal Reserve Interest rates 2016-01-27 Staff Writer Fed Reverts Back to Old Ways, No Rate Hike This Month
Share The 55 and over population is not behaving the way it used to. Whereas the 55+ population in previous generations was retiring (or close to retirement) and moving to senior living communities, the 55+ population of today (the baby boomer generation) are living longer, retiring at later age, and are on the move.Dave Lowman, EVP of Single-Family Business at Freddie Mac, called the 55+ age group “your next business opportunity.” What has grown to be the second-largest generation in history (approximately 67 million, currently) accounts for one-fourth of the population, but holds about two-thirds of the country’s housing wealth. Lowman said the decisions this age group makes “will have a significant impact on the demand for housing and mortgage credit.”“Their numbers and their housing wealth guarantee that the housing decisions of older homeowners will play an outsized role in shaping the housing opportunities available to the generations that follow them—gen X and the massive millennial generation,” said Sean Becketti, Chief Economist with Freddie Mac. “And the influence of the 55+ population will last a long time. Today’s 65-year-old can expect to live until age 84 on average. In contrast, the life expectancy of the Greatest Generation—those born between 1900 and 1924—was 47 years. With a longer life span and ample wealth, many older homeowners may buy and sell several more homes before they’re done.”Population data combined with results from a survey by GfK commissioned by Freddie Mac about the plans of 55+ homeowners revealed three things about that population: a large percentage of them plan to move, millions will be looking for financing options, and 55+ consumers are a financially confident generation.Nearly 25 million of 55+ homeowners expect to move one more time, 9 million of them plan to move in the next four years, and 6.5 million of them plan to buy a house, according to Freddie Mac. The survey also showed that 20 million 55+ homeowners plan to either buy a house or finance age-in-renovations, which creates a significant market opportunity, Lowman said.Many 55+ homeowners are still paying for their home and will be for some time—the survey found that out of 55+ homeowners who are retired, 36 percent of them have a mortgage. Out of those still working, 57 percent have a mortgage. According to Freddie Mac, a majority of those homeowners have 10 years or more left to pay. In addition, this generation has $8 trillion in housing equity and 51 million of them out of the 67 million (slightly more than three-quarters) say they are confident they will be financially comfortable in retirement.“The bottom line: This is a sizable market,” Lowman said. “Even a relatively modest increase in lending to 55+ homeowners could add trillions of dollars in new originations in a relatively short time.” in Daily Dose, Data, Headlines, News 55+ Homeowners Baby Boomers Freddie Mac 2016-08-11 Seth Welborn August 11, 2016 650 Views Freddie Mac: Opportunity Lies with 55+ Population
June 15, 2017 712 Views A former executive at Nomura, a financial holding company based in Japan, was found guilty of conspiracy on Thursday by a Connecticut jury. The defendant, Michael Gramins, allegedly added secret commission fees onto mortgage-backed security transactions he handled between 2009 and 2013, according to the verdict.Gramins wasn’t the only party involved—though he was the single person charged. The state’s case also named Nomura’s Ross Shapiro and Tyler Peters in the suit, which alleges the three defendants illegally added to their profit margins when handling RMBS transactions for their employer.Specifically, the suit claims the trio made “secret and unearned compensation” off customers—particularly Alliance Bernstein LP and Hartford Investment Management Co. The state’s Attorney General’s office filed the case back in September 2015.While at Nomura, Gramins and Peters served as executive directors, while Shapiro was a managing director. During this time, Shapiro’s attorney told the jury, “margin padding” was common practice. He also argued that the customers in question would have purchased the bonds regardless of the added fee.In addition to one conspiracy charge each, Gramins, Peters, and Shapiro were also charged with two counts of securities fraud and six counts of wire fraud. The jury was hung on the one conspiracy count against Shapiro, as well as two fraud counts against Gramins. A mistrial was declared on all three hung counts.On all the remaining counts, the jury found the defendants not guilty, and Peters was acquitted of all charges against him.Law360 talked to Marc Mukasey, Gramins’ attorney, about the case.”The government failed to convict Mike on eight of nine counts, including six counts on which he was outright acquitted,” Mukasey told Law360. “In light of these results, we are eager to argue the post-trial motions on the lone count of conviction.”The Connecticut Attorney General’s office is currently pursuing a similar case against David Demos, a former trader for Cantor Fitzgerald, a capital market investments brokerage. Two other Nomura employees were also named in a suit filed by the U.S. Securities and Exchange Commission in May. connecticut conspiracy charge Finance HOUSING Nomura nomura lawsuit nomura trader 2017-06-15 Aly J. Yale in Daily Dose, Government, Headlines, Uncategorized Jury Finds Nomura Trader Guilty of Conspiracy Share
The recent Equifax breach of data of over 143 million American consumers via efforts by hackers could have breathed new life into the Consumer Financial Protection Bureau’s (CFPB) recent anti-arbitration clause, according to a report by the Los Angeles Times.The rule, which has been under the spotlight since its passing in early July, bars mandatory arbitration to allow consumers to proceed directly with class action law suits. Congress, especially Jeb Hensarling, who has long been at odds with CFPB Director Richard Cordray, has threatened to invoke the Congressional Review Act in order to overturn it. Many didn’t expect the ruling to go further.However, Equifax may have given the rule new legs to stand on, given the way things have played out in recent days. First, according to the LA Times, after the news broke of the data breach, the company offered a year of free credit monitoring with the stipulation class action suits were forbidden.Once the news broke that this was the case, Equifax amended their statement, saying enrollment in the free credit monitoring program ““does not waive any rights to take legal action.” They also said that enrolling in the free credit monitoring program would not automatically sign consumers up for the paid program.Keith Noreika, the acting Comptroller of the Currency, had asked Cordray to delay the implementation of the ruling so the OCC could assess how it would affect the banking industry. Cordray was not receptive to the request.It remains unclear as to how Equifax’s current slip-up will affect the success of the CFPB’s arbitration rule. September 12, 2017 584 Views data breach HOUSING mortgage 2017-09-12 Joey Pizzolato Share in Daily Dose, Featured, News Equifax Breach: What’s Next for Arbitration?
Sometimes it may seem like a tougher market out there for black and Hispanic homebuyers. However, according to a report from the Urban Institute, there may not be as large a gap as previously believed. Laurie Goodman, Vice President, Housing Finance Policy at Urban Institute and Bing Bai, Research Associate with Urban Institute explain in an Urban Wire post that the traditional method for measuring denial metrics, called the “observed denial rate”, does not account for the creditworthiness of mortgage applicants.In order to account for creditworthiness, Goodman and Bai developed a metric called the “real denial rate”. While the traditional “observed denial rate” divides the total number of denied applicants by the total number of mortgage applications, the real denial rate account for credit by dividing owner-occupied purchase borrowers into two halves: higher-credit-profile applicants and lower-credit-profile applicants.According to the “observed denial” data for 2017, the denial rate was nine percent for non-Hispanic whites, 18 percent for non-Hispanic blacks, 13 percent for Hispanics, and 11 percent for Asians. However, the “real denial rate”, accounting for creditworthiness, shows much higher denial rates for all races: 30 percent for whites, 37 percent for blacks, 33 percent for Hispanics, and 43 percent for Asians. Though these numbers are overall higher, the gaps between them are significantly smaller. Additionally, according to the “real denial rate”, Asians have the highest denial rate. Urban Institute notes that this is due in part to the low number of lower-credit-profile applicants in this group. Additionally, Asian borrowers are less likely to take advantage of government loans than other groups.Still, the real denial rate is not perfect. It does not account for income or borrower’s assets, but can still be used as a tool to understand discrimination problems in the housing market. According to the Urban Institute, black homeownership has dropped by five percent, while white homeownership has dropped by just one percent and Hispanic homeownership has increased. The real denial rate may help researchers and policymakers understand why.Learn more about how servicers and government entities are realizing the business case for diversity; read expert opinions on combating implicit bias and get answers to how far have we come 50 years after the passage of the Fair Housing Act in the Diversity & Inclusion special issue of DS News, out this September.Find more on the real denial rate at Urban Wire. Share in Daily Dose, Data, News, Origination Examining the Gaps in Loan Application Denials applications Demographics denial loans mortgage 2018-08-27 Seth Welborn August 27, 2018 554 Views
On Tuesday, September 18, The Five Star Conference hosted a series of labs, open to all attendees and aimed at providing strategic insights and industry expertise for housing and mortgage professionals.The highlight of the day was two appearances by Mrs. Laura Bush, First Lady of the United States (2001–2009)—first in a keynote conversation with Ed Delgado, President, and CEO of The Five Star Institute at the inaugural Diversity & Inclusion (D&I) Lab and then delivering a Keynote at the Women in Housing Leadership Awards Banquet.During her keynote conversation with Delgado, Mrs. Laura Bush spoke about her work for women’s literacy and rights through the initiatives of the Bush Institute’s Women’s Initiative and their goals along with personal anecdotes on what it was like being The First Lady and her learnings from that time, answering questions as diverse as how she took criticism in her stride and the winning recipe of a chocolate chip cookie she made during a baking challenge during her time as First Lady.Discussions during the D&I lab also included insights into how the market has changed in terms of D&I 50 years after the Fair Housing Act was passed, supplier chain diversity, aligning D&I with business objectives, the current state of D&I in the industry, Freddie Mac’s view on diversity initiatives, and a session on how machine ethics could be utilized to program out implicit biases.At the REO lab earlier in the day, attendees learned about navigating a challenging REO market as well as the best strategies and solutions for a successful REO business. Eric J. Will, Senior Director, REO Operations, Freddie Mac served as Lab Director.During this lab, experts discussed recent vendor management changes and what today’s vendors are looking for in an agent/broker partnership. In an REO market update, the panel examined how the management of REO assets had changed from a volume play to a more boutique approach and the impact reverse mortgages may have on the REO market going forward. Attendees to this lab also received an update from Fannie Mae on the latest GSE news for REO professionals who work with the organizations as well as more information on loss mitigation efforts, preferred disposition strategies, and upcoming projects at the GSE.Karen Mastro, SVP, Servicing Operations Manager, Rushmore Loan Management Services LLC led the third lab of the day—the Foreclosure Lab—that offered strategies required for seamless operations and premium services for smart foreclosure administration practices.The session began with an overview by Mark McArdle, Assistant Director, Mortgage Markets, Bureau of Consumer Financial Protection (BCFP) on how the BCFP fits into the modern landscape of foreclosures and what lenders and servicers could do to streamline their interactions with the bureau.A panel discussion on property maintenance during foreclosure also gave insights into its often overlooked aspects such as occupancy certificates to cure violations, permit issues in various municipalities, and determining vacancy of a foreclosed property.The lab also discussed pertinent topics such as charge-off policies from the GSEs, dealing with foreclosures for HOAs and Condo Associations, and how servicers could stay updated with rules and regulations in foreclosures. September 18, 2018 567 Views The Latest in D&I, Foreclosures, and REO in Daily Dose, News, Servicing Five Star Conference labs Servicing 2018-09-18 Seth Welborn Share
GlobusRecruitment Globus family of brands (GFOB) has announced that national marketing manager Chris Fundell has postponed, by six months, his planned departure from the company.Mr Fundell, who resigned to relocate to Queensland, will support the company’s Interim Managing Director, Peter Douglas, who has been appointed to lead the company while a permanent replacement for Stewart Williams is recruited.In addition to the Managing Director role, GFOB will be hiring a marketing coordinator to join the Cosmos brand team. Details can be found here.
Calais Campbell’s work along the Cardinals’ defensive line often goes unnoticed.He lines up more inside in Arizona’s scheme and doesn’t earn the straight sack figures of defensive end counterparts. He sometimes fends off double-teams. All of that provides opportunities for outside linebackers Markus Golden and Chandler Jones.Not everyone, however, glosses over Campbell’s lack of flash. Your browser does not support the audio element. He has four games of multiple quarterback hits and is averaging nearly two hurries per game, according to PFF. He has four sacks, one interception and five passes defended to go with 39 tackles. – / 25 Top Stories Pro Football Focus, for example, gave Campbell his due after the Cardinals’ 31-23 win against Washington. Campbell graded out as the best defensive player for Arizona and he earned a chunk of extra credit thanks to his bull rush and strip-sack of quarterback Kirk Cousins.Another week, another chance for Calais Campbell to show why he might be the most underrated player in all of football. He didn’t just make the biggest play of the game when he strip-sacked Kirk Cousins, he set the tone by constantly shrinking the pocket with his ability to push linemen about, or just work around them to make life uncomfortable for Cousins.The defensive end closed with a sack, four quarterback hurries and a batted pass, one that was a near-interception that dropped through his hands after his lost sight of the ball.“You know, as soon as I batted it I looked up but I looked up in the wrong direction,” Campbell said on Arizona Sports 98.7 FM’s Off the Edge show Monday. “I couldn’t find it so I was looking around to see if it hit the ground already.“That’s supposed to be easy money, that’s a game-changer.”For the season, Campbell has been disrupting plays on a consistent basis. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling LISTEN: Calais Campbell – Cardinals D-Lineman Comments Share Former Cardinals kicker Phil Dawson retires Arizona Cardinals defensive end Calais Campbell forces Washington Redskins quarterback Kirk Cousins (8) to fumble during the second half of an NFL football game, Sunday, Dec. 4, 2016, in Glendale, Ariz. The Cardinals recovered the ball on the play. (AP Photo/Ross D. Franklin) Grace expects Greinke trade to have emotional impact
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments Share Former Cardinals kicker Phil Dawson retires Top Stories Grace expects Greinke trade to have emotional impact The other teams affected are the Baltimore Ravens, Indianapolis Colts, Jacksonville Jaguars, Miami Dolphins and Pittsburgh Steelers.In the memo, American Airlines explained the move was made “to ensure we have the right aircraft available for our passenger operation.”However, the airline will still continue to provide its charter services to the Carolina Panthers, Dallas Cowboys and Philadelphia Eagles.The exact selection process to determine which teams it continued to fly is unknown, but the aforementioned memo stated that “the decision came down to available aircraft, location and input from senior leadership.” There’s little doubt that the Arizona Cardinals will find a way to travel to their away games next season, but a recent development with American Airlines — which the team has flown with since the company merged with US Airways in 2015 — could make it more difficult.According to an internal memo obtained by Forbes, the Cardinals are one of six NFL teams who the airline has dropped from its list of chartered flights. Derrick Hall satisfied with D-backs’ buying and selling
Top Stories Comments Share The next day, following the press conference to introduce first-round pick Haason Reddick, Cardinals defensive coordinator James Bettcher reiterated the idea that the team’s focus was on the draft, not Washington.“To be honest with you, the best people to ask that for is Steve, Michael (Bidwill) and B.A.,” he said. “Talk to them about that question, that ain’t me.”Fair enough.With the draft now in the rearview mirror, Keim may now allow himself to look into Washington, and his potential return to the team. But, as the GM told Adam Schein on SiriusXM’s Mad Dog Sports Radio Tuesday, they have not had any contact with Washington since he was suspended in May 2014 for violating the league’s policy on substance abuse.“To be quite honest with you we have had dialogue with his agent, but have not had a chance to talk to Daryl yet, just because of how busy we’ve been,” he said. “We’ll tend to that in the near future and obviously get a chance to talk to Daryl and see what’s going on.”While not the central issue regarding any success the Cardinals may or may not have in 2017, Washington’s status is certainly something to monitor. Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling It has now been more than one week since the NFL conditionally reinstated Daryl Washington, yet time has done little to clear up his future.In the days following the news, Cardinals GM Steve Keim said he did not have any time to think about anything other than the draft, so commenting on Washington was a fruitless venture.“At the appropriate time, we’ll address that,” he said on April 27. “I’ll be honest with you, I haven’t put a lot of thought into it.” Former Cardinals kicker Phil Dawson retires A second-round pick out of TCU in 2010, he emerged as one of the best inside linebackers in the NFL, racking up 18 sacks along with 394 total tackles in four seasons. A Pro Bowl choice in 2012, he missed the first four games of the 2013 season due to a suspension but was an impact player once he returned.Looking at this season, the Cardinals have veteran Karlos Dansby as well as Deone Bucannon in the middle linebacker spots, while Reddick could also play there. If after missing three straight seasons Washington could be anything close to his former self on the field, he would give the Cardinals another dynamic player.Still, as of now there are far more questions than answers regarding the 30-year-old, which is why Keim and the Cardinals have plenty to look into.“I don’t think there’s any question that there will be a sit-down with Michael Bidwill, our president and owner, myself and Coach (Bruce) Arians,” Keim said. “More than anything, just an educational briefing on ‘where you have you been the last three years; what’s going on in your life?’“Once that meeting occurs there will be a decision made, and like I said, it’s been three years so the way the system’s set up right now, there’s a lot of unknown.”
Grace expects Greinke trade to have emotional impact “They dropped the coverage, they were pretty…I want to say cover 6, Hercules coverage,” Brown said. “I knew that if I could find that quarter man zone, I could get the ball pretty easily and Carson always finds a way.”After only being targeted four times in the season-opening loss to the Detroit Lions, Brown was thrown to 11 times against the Colts. The fifth-year pro from Clemson said he did not expect to be featured that much.“Uh, no,” Brown said. “You never know. It’s crazy. The previous week, I think I got targeted twice. Just 11 times, it’s phenomenal. I’ve got to make better catches and I’ve got to start making those plays.”Brown finished the game with four receptions for 73 yards. Brown has now had 50 or more snaps in the first two games.With John Brown’s health in question, the Cardinals will likely rely on Jaron Brown and Nelson to make big plays in the passing game.RELATED: The Play: Cardinals’ rare 3rd-and-long conversion aids in victory over Colts LISTEN: Jaron Brown, Cardinals Receiver Top Stories In an obvious passing down, the Cardinals lined up with three wide receivers to the left and two to the right. One of the players to the right of quarterback Carson Palmer was Jaron Brown.“Not the ideal situation for us to be in,” Brown told Doug and Wolf on 98.7 FM, Arizona’s Sports Station. “It was gut check time. We had to make a play. I did not have a great game up to that point and I really wanted to come through for the team.”Facing pressure on his left side, Palmer had just enough time in the pocket to throw a bullet to Brown on the Arizona 38-yard line. Brown caught the ball and managed to gain two more yards before being tackled by the Colts’ Rashaan Melvin at the 40-yard line.When the season ends, the Cardinals may look back and remember that throw and catch as “the play.” At the very least, Palmer’s right arm and Brown’s hands ignited the offense. Fellow wideout J.J. Nelson went on to score a touchdown on that drive, and the Cardinals scored 13 points in the final quarter to complete a 16-13 comeback victory. TOUCHDOWN!@_ThaJizzleMan runs past everyone and Palmer hits him. pic.twitter.com/sfA8qEBc5i— Arizona Cardinals (@AZCardinals) September 17, 2017Almost every athlete will say they want the ball in their hands in a big situation — but Brown looked at the Colts’ coverage and knew before the snap he could get open. Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals desperately needed someone to make a play to ignite the offense.After struggling to move the football consistently in Week 1, the Cardinals found themselves trailing 13-3 in the fourth quarter on the road in Week 2, staring at a potential loss to the Indianapolis Colts and an 0-2 record to open the 2017 season.To keep their hopes alive, all the Cardinals had to do was convert on third down — from 20 yards out. 0 Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Arizona Cardinals wide receiver Jaron Brown (13) make a catch during pregame warmups against the Detroit Lions during an NFL football game in Detroit, Sunday, Sept. 10, 2017. (AP Photo/Duane Burleson) Former Cardinals kicker Phil Dawson retires Your browser does not support the audio element.
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires 9 Comments Share Grace expects Greinke trade to have emotional impact Arizona Cardinals safety Budda Baker (36) tackles Atlanta Falcons wide receiver Deante Burton (87) during the second half of an NFL football game, Saturday, Aug. 26, 2017, in Atlanta. (AP Photo/John Bazemore) Top Stories Derrick Hall satisfied with D-backs’ buying and selling The offseason for the Arizona Cardinals has already been eventful with the hiring of a new head coach and the search for a new starting quarterback.Former Panthers Defensive Coordinator Steve Wilks was hired to replace now-retired Bruce Arians, leaving the quarterback role as one of the only remaining vacancies ahead of the 2018 NFL Draft.It’s a peculiar situation for the Cardinals to be in, but could they have prepared for this last season? “The Cardinals choosing not to take a quarterback in any round of last year’s draft was pure negligence,” NFL.com’s Jeremy Bergman wrote Thursday. “In the first round they were one pick away from Deshaun Watson, and three selections back from Patrick Mahomes.”Bergman compiled a list of each NFL team’s rookie class from 2017, grading them based on performance as well as addressing each team’s needs for the upcoming draft.Only three teams — the Kansas City Chiefs, New Orleans Saints and the San Francisco 49ers — received a grade of ‘A’ or higher, with 11 receiving a grade of ‘C’ or lower, including a ‘C-‘ grade for the Cardinals.The Cardinals drafted linebacker Haason Reddick last year with the 13th overall pick. The Temple product shined in his first three games at inside linebacker. But after defensive end Markus Golden suffered a torn ACL against the 49ers in October, Reddick took his place.The position change caused Reddick to struggle, something Bergman said the Cardinals should consider next season.“Jury’s out on Reddick, who needs more snaps at one position next season,” he said. Bergman did, however, credit the Cardinals for drafting safety Budda Baker. After safety Tyvon Branch injured his knee against the Seahwaks, Baker took over and started the last seven games for the Cardinals.Baker recorded 58 solo tackles in 2017, enough to allow the rookie to lead his position in Pro Bowl voting.As expected, Bergman labeled the quarterback position as the Cardinals’ main focus area for the draft or free agency. Washington Redskins quarterback Kirk Cousins has been linked to the Cardinals, though he may demand a contract that is out of Arizona’s price range.However, the Cardinals have numerous options, with other veteran quarterbacks set to become free agents as well as the upcoming NFL Draft that is riddled with quarterback talent.
16 Comments Share Arizona Cardinals quarterback Sam Bradford (9) hands the ball off to running back David Johnson (31) as players run drills during a voluntary team activity Thursday, April 19, 2018, at the NFL football team’s training facility in Tempe, Ariz. (AP Photo/Ross D. Franklin) We might be underrating the Cardinals. Sam Bradford is a good quarterback when healthy. Josh Rosen gives them hope for the future. Mike Glennon isn’t a starter but might be the best QB3 in the league.Related LinksAn early look at the Cardinals’ top position battlesFormer Cardinals coach Bruce Arians joins CBS Sports as game analystCardinals’ Christian Kirk talks Snoop Dogg, liver shakes and Kevin SumlinRuiz’s rankings consider the talent of the current starter and the backup options. They also take into account the future outlook.Arizona ticks all those boxes, even if Bradford’s injury history may cause some pause.Bradford is two years removed from his best NFL season in which he played 15 games for the Minnesota Vikings and completed a league-best 71.6 percent of his passes for 3,877 yards, 20 touchdowns and nine interceptions.Though his knee issues that zapped all but two games last year could be a concern, it’s not wild to believe that Glennon, who early in his career had success with Tampa Bay, and Rosen, Arizona’s first-round draft pick, could compete for the backup spot.Rosen is obviously the quarterback of the future, and his talent level is unquestioned — his personality and on-field hardiness remain concerns.Ruiz’s list is led by the Green Bay Packers, who behind star Aaron Rodgers just acquired young signal-caller DeShone Kizer after his rookie year with the Cleveland Browns. At the bottom are the Denver Broncos, who behind recently-signed starter Case Keenum will be relying on Paxton Lynch and Chad Kelly. Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Out were Carson Palmer, Drew Stanton and Blaine Gabbert.In came Sam Bradford, Mike Glennon and Josh Rosen.Once Palmer retired to follow the 2017 season, the Arizona Cardinals knew they needed to replace the entire quarterback room. Through free agency and the NFL Draft, they’ve re-stocked the position into respectability.General manager Steve Keim’s work didn’t go unnoticed. ForTheWin’s Steven Ruiz ranked the Cardinals’ quarterback situation the 10th-best in the NFL. Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires
The Arizona Cardinals showed one of their better efforts last week against the Kansas City Chiefs despite the 26-14 loss at Arrowhead Stadium.This week, Arizona faces a team in the Oakland Raiders who has also had a disappointing season thus far with a 1-8 record.The Cardinals’ offensive line has struggled to stay healthy this season and just lost guard Justin Pugh to a torn ACL injury in Sunday’s game.The team will look to overcome issues at the offensive line after being named the worst in the NFL through week 10.Related LinksCardinals leading tackler, Budda Baker, ruled out against Raiders Game Status Designations:Out-Will not playDoubtful-Unlikely to playQuestionable-Uncertain if player will play Kyle WilberLBKneeLimitedLimitedLimitedQuestionable Justin PughOLKneeDNPDNPDNPInjured Reserve Derrick Hall satisfied with D-backs’ buying and selling Daryl WorleyCBShoulderLimitedLimitedLimited— Dwayne HarrisWRFootFullFullFull— Former Cardinals kicker Phil Dawson retires Rudy FordSHeelDNPDNPDNPQuestionable Larry FitzgeraldWRNot Injury RelatedDNPFullFull— Mike IupatiOLBackDNPLimitedLimitedQuestionable Kelechi OsemeleGKneeLimitedLimitedLimited— Chad WilliamsWRAnkleDNPDNPDNPOut Rodney GunterDTNot Injury RelatedDNPDNPDNPQuestionable Corey PetersDTHeelLimitedFullFull— Martavis BryantWRKneeDNPDNPDNPOut PlayerPositionInjuryWednesdayThursdayFridayGame Status PlayerPositionInjuryWednesdayThursdayFridayGame Status Robert NkemdicheDTCalfDNPLimitedDNPQuestionable Below is the official Week 11 NFL injury report for both teams. Jeremy VujnovichOLHamstringLimitedFullFull— D.J. HumphriesOLKneeDNPDNPLimitedQuestionable Kolton MillerTKnee/ElbowFullFullFull— 2 Comments Share Josh BynesLBWristLimitedLimitedFull— Nick NelsonCBIllness——LimitedQuestionable Gareon ConleyCBGroinLimitedLimitedLimitedQuestionable Phil DawsonKRight HipDNPLimitedDNPQuestionable Budda BakerSKneeDNPDNPDNPOut Jordy NelsonWRKneeDNPDNPDNPOut Daily Practice Designations:DNP-Did Not ParticipateLimited-Limited Participation (Less than 100% of normal repetitions)Full-Full Participation (100% of normal repetitions)(-) (Not listed) Rodney HudsonCAnkleLimitedLimitedLimited— Gabe JacksonGPectoralFullFullFull— Doug MartinRBHipFullFullFull— The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Jon FelicianoGRibsFullFullDNP— Top Stories Grace expects Greinke trade to have emotional impact
Chicago Bears quarterback Mitchell Trubisky (10) gets off a pass before Arizona Cardinals defensive tackle Robert Nkemdiche, left, arrives during the second half of an NFL football game, Sunday, Sept. 23, 2018, in Glendale, Ariz. (AP Photo/Rick Scuteri) TEMPE, Ariz. — Good things might come to those who wait, but in the NFL, time doesn’t slow down for those who are patient.The Arizona Cardinals know the feeling. They have been waiting for defensive tackle Robert Nkemdiche to meet the expectations of being a 29th overall draft pick, and as 2018 has grown old, an approaching contract year for him has made the team anxious to see the third-year pro take steps forward. Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo So far this year, Nkemdiche has compiled 30 tackles with 4.5 sacks and a forced fumble. The Cardinals hope his latest performance can be harnessed starting Sunday against the Green Bay Packers.“Even if you’re not being fully productive, still find ways you can affect the game, in whichever way you can,” Nkemdiche said. “Even if it’s putting the extra bit of fertilizer on this part of the grass because they’re going to be here, so they’re going to trip.“Before anything, it’s a mindset. (Having) certainty … you know what the (expletive) you’re doing and you’re going to do it and this dude’s not going to stop you. You play with that mindset, and then play with intensity and technique and the call within the scheme.”LINEBACKER SHUFFLEThe Cardinals ruled out linebacker Deone Bucannon (chest) for Sunday’s game in Green Bay, setting an already-atrophied position group back even further.MIKE linebacker Josh Bynes, the team’s signal-caller on defense, was put on the injured reserve list on Monday, while fellow starter Haason Reddick is listed as questionable with a neck stinger.Undrafted rookies Zeke Turner and Dennis Gardeck, plus third-year pro Joe Walker are the next players up at linebacker. Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires 5 Comments Share Injuries on top of inconsistencies played a part in pushing Nkemdiche’s breakout NFL game back.He hardly played as a rookie and last year as a reserve recorded just 11 tackles without a sack. His first big play didn’t come until the home finale in 2017, when he forced a fumble and scored on a 21-yard touchdown during a shutout win over the New York Giants.The Cardinals let veteran tackle Frostee Rucker walk in the offseason, effectively handing Nkemdiche an opportunity to win a starting role.He’s battled foot and calf injuries, missing three games this year. Two weeks off led to better health, enough for his performance in a 45-10 loss to the Los Angeles Chargers.“For lack of a better term, he’s a violent player when he comes off the ball,” defensive coordinator Al Holcomb said. “He’s just so aggressive. When he’s playing fast like he did Sunday, that’s what you get. Now, we need him to be more consistent with his technique as he’s being aggressive coming off the ball.”Keim pointed toward gap integrity and playing the run game “a little more stout” as areas needing improvement for Nkemdiche.“But when you see his get-off, his twitch and his explosiveness … there’s not many guys with that kind of skillset,” the GM said. Veteran Gerald Hodges steps into Bynes’ leadership role. The concern is not limited to whether inexperienced replacements know the schemes. How Hodges communicates with the rest of the defense is a work-in-progress heading into the game against the Packers.“That’s always a concern,” Holcomb said. “Just a different-sounding voice, so the other 10 men in the huddle have to get used to that — the tempo that the call comes out. The guys were joking the other day Gerald speaks a little bit quicker than Josh.” “Robert’s a guy we drafted high, has not lived up to expectation to this date, point blank. That’s not a secret,” Cardinals general manager Steve Keim said on 98.7 FM Arizona’s Sports Station’s Doug & Wolf show Friday.Nkemdiche made a little of that anxiousness go away Sunday in what was without question his best game as a pro. The 6-foot-4, 296-pound lineman made seven tackles with 2.5 sacks and a stuff.To him, the numbers were a reminder to focus on the now. Maybe, it relieved him of the pressures of living up to his draft slot.“It’s good to understand the concept of process … and how to become better at your craft,” he said Friday. “Don’t let other people decide (expectations) for you. Kind of have you own pace of what you’re doing … but always know you’re working at a high rate of speed.Related LinksThe Patrick Peterson saga in Arizona isn’t overWeek 13 injury report: Arizona Cardinals at Green Bay PackersCardinals GM Steve Keim using rest of 2018 to evaluate youthLarry Fitzgerald recounts Cardinals’ OT playoff win vs. Packers, big playsCardinals’ task gets even tougher against Packers’ Aaron RodgersPeterson refutes Sanders’ belief CB wants out of Cardinals“That game was more of a testament for me and just clarity, solidification (to) just keep doing what you’re doing. Keep getting better, pay attention to the little things, be aggressive,” Nkemdiche added. “You go forth from there keep getting better and keep trying to bite the other peoples’ face mask off when you have a chance to do it.” Derrick Hall satisfied with D-backs’ buying and selling
Arizona Cardinals cornerback Patrick Peterson (21) heads onto the field before the start of an NFL football game against the Los Angeles Chargers, Sunday November 25, 2018 in Carson, Calif. (John Cordes/AP Images for Panini) Top Stories Derrick Hall satisfied with D-backs’ buying and selling Or he can leave with a blowtorch in his hands, smoldering like Anquan Boldin.With only five games left in the season and a lot of water under the bridge, it’s smart for Peterson to sound like a leader, distancing himself from Sanders’ comments. Even if he’s stretching the truth.The Cardinals chose not to embarrass Peterson by removing his captaincy following his reported trade demands, thereby avoiding full-blown turmoil in the locker room. After all, captaincies are awarded by team voting, not to be revoked lightly. And veterans in the room wouldn’t take kindly to a rookie head coach emasculating one of the NFL’s premier cornerbacks.But there’s no doubt that Peterson’s unhappiness has undermined the culture, the chemistry and a head coach still seeking traction entering the final month of the season.In the end, Sanders was right when he said Peterson was the kind of player who makes an impact everywhere he plays, and that’s no different here. Except Peterson impacted the 2018 Cardinals with behavior unbecoming of a team captain, undermining the new regime inside the locker room and out.If Peterson has truly changed his mind, you’ll see it over the final five games. He’ll lead. Defensive players will follow. The Cardinals will play with heart and passion, maybe even pull off an upset. 22 Comments Share Related LinksPeterson refutes Sanders’ belief CB wants out of CardinalsDeion Sanders thinks Patrick Peterson is still ‘trying to escape’ Cardinals“He’s trying to escape,” Sanders said on ESPN’s First Take. “Trust me, I know.”He better know something. He’s been speaking on Peterson’s behalf for over a year now.Yet Peterson chose to unplug the latest distraction. He didn’t explicitly refute Sanders, but he suddenly expressed a desire to follow in Fitzgerald’s footsteps, as the next cornerstone of the franchise, committed to bringing a championship to the desert.“I feel like I’m next in line,” he told reporters after practice. “So we’ll see what happens.”Huh?Peterson released a statement in October, pledging his temporary commitment to the Cardinals. He did not refute his alleged trade request before the deadline, a saga that condemned the leadership of rookie head coach Steve Wilks. At the time, Peterson said he was “incredibly frustrated” with how the season was going.Well, the season hasn’t gotten any better. And now he wants to stay?Peterson is still wearing a ‘C’ on his jersey, a letter that demands leadership. He’s smart enough not to embarrass himself or the organization again. He knows his legacy in Arizona is on the line, either way. He’s one of the greatest individual talents in team history, and he can attempt to go out smiling and grateful, like Aeneas Williams. Remembered fondly, to a point. Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires The Cardinals started the season with six captains, the maximum under NFL guidelines.Two of them will never play for Arizona again (Sam Bradford, Phil Dawson). Another might retire after the season, awaiting Hall of Fame enshrinement (Larry Fitzgerald). And then there’s the curious case of Patrick Peterson.Is he is still searching for a lifeboat? Or is he regaining faith in Arizona?The star cornerback seemed to change his tune after Thursday’s practice, when forced to respond to Deion Sanders’ comments earlier in the day. Or maybe the more accurate truth can be found in Peterson’s testament to Fitzgerald:“I want to follow in that man’s shoes,” he said.Right out the door. The moment the 2018 season comes to a close.Reach Bickley at email@example.com. Listen to Bickley & Marotta weekdays from 10 a.m. – 2 p.m. on 98.7 FM Arizona’s Sports Station. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo
Prego at The Westin Resort Nusa Dua, Bali continues to serve up its own brand of delicious Italian food and family fun in a lively setting where everyone is welcome. The recent launch of Prego Birthday Bash is the property’s latest initiative that makes hosting a party on site even easier, as everything is taken care of.A Prego Birthday Bash package includes a personalized cake, balloon decorations, gift bags and a souvenir photo session with Pipo the squirrel. Face painting and interactive pizza-making activities also add to the excitement. Prices are set at just IDR 200,000 per adult and IDR 150,000 per child (Net pricing).In addition, Prego Family Brunch takes place every Sunday for an enjoyable weekend dining experience. An extensive buffet of authentic Italian cuisine satisfies appetites with tasty pasta dishes, grilled meats, fresh salads, home-made gelatos and much more. There are also supervised games and activities to keep children entertained for hours leaving parents to eat at a leisurely pace.Prego Family Brunch features our SuperChefs programme where little ones are encouraged to get creative and learn about food preparation in a positive way. Every Sunday involves a different activity such as assembling pizzas, decorating cupcakes, making mocktails and designing funny-face sandwiches.During Prego Family Brunch, visitors are welcome to use the swimming pool in our Premium Wing and really make a day of it.
Go back to the enewsletterHayman Island by InterContinental, located at the northernmost point in the Whitsunday Islands, welcomed its first guests as they stepped off their luxury catamaran and onto the white sands of Australia’s most iconic private island resort on Monday 1 July 2019.Managed by InterContinental Hotels Group (IHG), Hayman Island has undergone a $135 million refurbishment, ensuring the highest standards of luxury and service delivered to guests visiting one of the world’s most desirable destinations. Joining over 200 InterContinental Hotels & Resorts worldwide, the celebrated resort is the first of four InterContinental Resorts to open in 2019 and will be followed by ANA InterContinental Beppu Resort & Spa,InterContinental Maldives Maamunagau Resort and InterContinental Phuket Resort.Leanne Harwood, Managing Director, Australasia and Japan, IHG said, “We are tremendously proud to welcome our first guests to Hayman Island. InterContinental has been a pioneer in luxury travel for over 70 years and Hayman Island has become pivotal in our expansion plans for Australasia as we continue to open and operate in the most highly sought-after destinations in the world.”Greg Shaw, CEO, Mulpha Australia Limited, added, “Hayman Island is an iconic Australian resort destination in the heart of the world-famous Great Barrier Reef. The resort created a new benchmark for the Australian market upon opening and our investment of $135 million to reposition and relaunch Hayman will create a new standard for luxury resort travel in the region.”The 166-room private resort offers instant immersion for guests into island life as they arrive via either luxury catamaran, helicopter or seaplane. Three distinct wings of guest rooms, suites and villas hug the coastline of the island – the Pool Wing, the Beach Wing and the Lagoon Wing – each boasting views of the Coral Sea.A new addition to the accommodation offering is the exquisite Three Bedroom Hayman Beach House, fronting Hayman Beach and offering 400 square metres of privacy. Each of the three suites has its own plunge pool, master ensuite and oversized bathtub, while the social spaces offer luxury island living with open-plan dining and living room, alfresco entertaining, private sun loungers and unobstructed beach access.Mark Eletr, General Manager of Hayman Island by InterContinental said, “Today marks a special day for our team who have worked tirelessly on the transformation of this sensational island resort. Designed to be discreetly private, welcoming to families as well as couples, with a meaningful connection to its surrounds, Hayman Island by InterContinental is the embodiment of a luxury resort experience reimagined for the modern traveller.”An era of Immersive LuxuryAs the closest private island to the Great Barrier Reef, offering a meaningful connection to the surrounds has been at the heart of the resort’s activities. From diving excursions to one of the seven wonders of the world to guided tropical hikes across the island, guests are encouraged to explore at their own pace.Guests can swim with turtles in the seas surrounding the island or experience the magic from the air via helicopter or seaplane offering breathtaking views of the Whitsundays.For the smaller explorers, The Planet Trekkers kids’ club, known to regular globetrotters with IHG, delivers an equally immersive experience for children. Activities have been created to spark curiosity in the island’s surrounds with insight-filled learning sessions about the Great Barrier Reef, coral-planting adventures and junior meditation classes for the whole family.Sensory moments are to be found at Hayman Spa, offering meditation and energy healing practices, as well as signature treatments conceptualised with emphasis on their transformative capabilities. In partnership with Australian brand Sodashi, Hayman Spa will invite guests to travel deeper into relaxation and their connection to their surroundings with one-of-a-kind Marine Treatments, uniquely inspired by the Whitsundays, using Australian-sourced, quality marine ingredients such as Australian green clay and kelp.For reservations and travel arrangements, see haymanisland.intercontinental.com.Rooms at Hayman Island by InterContinental start from AU$750 per night.Go back to the enewsletter