The hills near the Russian city of Vladivostok hold a secret underneath. Remnants of what used to be one of the world’s most powerful maritime fortresses.Source: BBC
in Data, Government, Origination, Secondary Market, Servicing, Technology A new head of investor relations has been announced at “”Lender Processing Services””:www.lpsvcs.com/, with the appointment of Nancy Murphy to the leadership role. Formerly the director of investment relations for fashion retailer “”Stein Mart Inc.””:www.steinmart.com/, Murphy is returning to the financial industry, where she spent most of her career prior to joining the clothing company.[IMAGE]Murphy will replace Parag Bhansali as the vice president of investor relations for LPS. Previously, Murphy served in an [COLUMN_BREAK]investor-related position for Providian Financial Corp., which was absorbed by “”Washington Mutual, Inc.””:https://www.chase.com/wamuwelcome3/ prior to its integration with “”JPMorgan Chase & Co.””:www.jpmorganchase.com/, and she has also been a part of “”Westpac Banking Corp.””:www.westpac.com.au/, and “”The Bank of New York Mellon Corp””:www.bnymellon.com/.Commenting on Murphy’s addition to LPS, the entity’s chief financial officer, Tom Schilling, said, “”We’re fortunate to have a finance professional of Nancy’s caliber to lead LPS’ investor relations efforts. She will be a strong addition to the LPS executive team and is eager to provide outstanding support to the investment community.””Jacksonville, Florida-based LPS is a provider of technology and analytics for the mortgage industry, and Murphy’s experience in the corporate banking sector will be an asset to the company’s growth strategies. Currently, LPS estimates that nearly 50 percent of the dollar volume of all mortgage loans in the U.S. are conducted through the company’s loan servicing platform, and LPS’ focus on proprietary mortgage and real estate data and analytics within the mortgage and capital markets industries is an ideal fit for Murphy. Attorneys & Title Companies Investment Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2011-11-07 Abby Gregory LPS Names New VP of Investor Relations Share November 7, 2011 467 Views
in Data, Government, Origination, Secondary Market, Servicing White Paper Examines Mortgage Industry’s ‘Talent Crisis’ Share “”Caldwell Partners””:http://www.caldwellpartners.com/ released a new white paper addressing what it believes is a crucial issue at a transitional time in the mortgage industry: the lack of knowledgeable leaders able to manage their business’ new needs.[IMAGE]””The mortgage banking industry stands at a turning point in terms of talent, and companies that don’t recognize the world has changed will likely be left behind,”” said Carol Hartman, a partner in the Financial Services Practice at Caldwell and co-author of the white paper, named “”Developing a new generation of mortgage banking leaders.””Hartman was joined in authoring the paper by Glen Korso of “”National Mortgage Insurance””:http://www.nationalmi.com/. In the paper, the two authors argue that the upcoming talent crisis stems from a more competitive financial services environment.””Banks, hedge funds, private equity firms, law firms and accounting firms are all scrambling to find senior-level executives who can operate in a more regulated environment. In short, the mortgage banking industry is in danger of losing the recruiting battle, based on recent [COLUMN_BREAK]experience in securing top-level talent for mortgage banks,”” the paper reads.The issue’s urgency is compounded “”because the founders of successful firms are in unfamiliar terrain and are uncertain about hiring executives who are generally more risk averse.””One step to combating the problem, the authors say, is to increase compensation to compete with hedge funds, accounting firms, and other businesses. They also suggest aligning compensation to avoid functional conflicts of interest–for example, executives should be rewarded for reducing loan losses rather than increasing origination (which could conflict with the responsibilities of risk officers).As of this moment, the paper notes five positions critical for any company: general counsels, CFOs, CROs, CCOs, and CIOs. Many firms may need to look outside the industry to fill those positions.””[T]he industry has not been in a position to groom the next generation of leaders for a long time,”” the authors write. “”The shortage of existing leaders with the backgrounds and insights described will require the mortgage banking industry to seek executives from a broader population within financial services including banks, broker-dealers, regulators and institutional investors.However companies fill those positions, they will need to do it quickly.””Mortgage banking stands at a turning point. Institutions that recognize the industry’s new dynamics can transform this challenge into an opportunity,”” the paper concludes. Agents & Brokers Attorneys & Title Companies Compliance Investors Jobs Lenders & Servicers Processing Regulation Service Providers 2013-03-13 Tory Barringer March 13, 2013 414 Views
Fannie Mae Multifamily Issuance Starts Strong in 2013 Share April 12, 2013 441 Views in Secondary Market Agents & Brokers Attorneys & Title Companies Commercial Real Estate Fannie Mae Investment Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2013-04-12 Tory Barringer “”Fannie Mae””:http://www.fanniemae.com/portal/index.html issued approximately $8.2 billion of multifamily mortgage-backed securities (MBS) in Q1 2013, according to a company release.[IMAGE][COLUMN_BREAK]The GSE also resecuritized $3.2 billion of Delegated Underwriting and Servicing (DUS) MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program in the first quarter. The DUS MBS securities provide market participants with predictable cash flows and call protection in defined maturities of five, seven, and 10 years.””The momentum in the Agency CMBS [commercial mortgage-backed securities] market carried over year-end and into 2013, and DUS issuance continued to be robust in the first quarter,”” said Kimberly Johnson, SVP of Multifamily Capital Markets at Fannie Mae. “”Resecuritization activity has remained stable in the first quarter despite interest rate volatility, and we are on pace to exceed $10 billion in GeMS issuance this year.””Fannie Mae also announced its Capital Markets business sold approximately $3.7 billion of multifamily mortgage securities from its portfolio in Q1 2013.
in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-10-18 Carrie Bay “”Collateral Analytics””:http://collateralanalytics.com/, appointed James R. Follain, Ph.D. as its SVP of research and development.Dr. Follain is an economist with over 35 years’ experience in the analysis of housing and mortgage markets, much of which involved the measurement and management of the risks associated with lending and investing as well as public policies.[IMAGE][COLUMN_BREAK]””Dr. Follain is a world-renowned housing economist who has authored many important academic papers and publications and we are privileged to have him on our team,”” noted Michael Sklarz, Ph.D., chairman and CEO of Collateral Analytics. “”His comprehensive knowledge and research in housing and mortgage markets will deepen our credibility and strengthen our ability to meet the needs of clients.””Dr. Follain is a senior fellow at the Rockefeller Institute of Government and a member of the extended faculty at the Lincoln Institute of Land Policy. He has held a number of positions as an economist within major academic institutions and with various business, government, and policy-oriented organizations. He held senior-level positions with Freddie Mac from 1998 to 2003 and the Federal Reserve Board from 2003 to 2004. Prior to his time at Freddie Mac, Dr. Follain spent 14 years as a professor, teaching economics at Syracuse University and finance at the University of Illinois at Urbana-Champaign. In 1988, he served as president of the American Real Estate and Urban Economics Association. October 18, 2013 464 Views New,Collateral Analytics Appoints SVP for Research and Development Share
Consumer Attitudes Improve on Housing, Weaken on Economy Share in Daily Dose, Data, Featured, Headlines, News Confidence Credit Availability Fannie Mae Home Prices 2014-03-10 Tory Barringer March 10, 2014 476 Views After starting the year on a low note, consumer attitudes toward housing brightened overall in February, according to Fannie Mae.Asked about home price trends over the next year, 50 percent of respondents in Fannie Mae’s February National Housing Survey said they expect improvements, a recovery from a slide to 43 percent in January. A slightly larger number of consumers anticipate price declines—7 percent, up from 6 percent—while the share of those forecasting no significant movement was down to 38 percent.Having dropped 1.2 percentage points to start the year, the average home price change expectation rebounded just as sharply to 3.2 percent, matching the December survey.That renewed confidence in home prices spurred a boost in those saying now is a good time to buy a home; that number was up 3 percentage points from January to 68 percent. At the same time, though, the share of respondents saying they think it would be easy for them to get a mortgage right now retreated from January’s all-time high of 52 percent, falling back to 45 percent.Doug Duncan, SVP and chief economist at Fannie Mae, said the up-and-down nature of the last few surveys fits with the “noisy economic and housing data published over the past few months.”“[W]e’ve seen a corresponding increase in volatility in our survey results, particularly for home price expectations and perceptions about the ease of getting a mortgage,” Duncan said. “Despite the volatile month-to-month changes, we believe that the housing recovery is continuing, but is not yet robust.”Gauging consumer attitudes about the economy, Fannie Mae found Americans were considerably more downbeat than they have been recently. Thirty-five percent of respondents said they believe the economy is on the right track—down 4 percentage points—while 57 percent say it’s on the wrong track, a small bounce after four straight months of declines.Twenty-four percent of consumers said their household income is significantly higher than it was 12 months ago, an increase of 2 percentage points. Meanwhile, 36 percent said their expenses have grown substantially, an increase of 4 percentage points.Noting a 6 percentage point jump over the last two months in the share of consumers citing higher household expenses, Duncan speculated that weather may have played a large role in any declines in economic optimism.“This response would be consistent with higher home heating costs,” he explained.Nevertheless, at least a few consumers seem to think these higher costs will stick: The number of respondents who expect their personal financial situation to improve in the next year fell slightly to 43 percent, while those expecting things to get worse ticked up to 15 percent.
Luxury Home Sales Maintain Growth in Q3 in Daily Dose, Data, Headlines, News Home Sales Investment Investors Redfin 2014-12-05 Tory Barringer December 5, 2014 430 Views Even as total home sales fell year-over-year for another quarter, the luxury market continued to outperform in Q3, according to Redfin.Nationwide, home sales fell 1.2 percent in the third quarter compared to the same period last year, the brokerage said this week. Sales have been down year-over-year for every quarter so far in 2014.At the same time, sales of homes priced at at least $1 million continued to lift, rising 9 percent over the past year.”That’s no surprise, given that the luxury housing market was the first to recover after the crisis and has been going strong ever since, benefitting from a booming stock market, low interest rates and overseas investment,” said Nela Richardson, chief economist at Redfin.Nevertheless, growth in the luxury market remains below the double-digit numbers recorded all throughout last year and earlier this year as foreign investment in the U.S. housing market wanes.As a result of declining international demand, many of the nation’s top luxury markets are now seeing a dramatic decline in sales of million-dollar-plus homes—and while that segment only accounts for about 3 percent of the national housing market, it means a lot for those areas.”This sector of the market, particularly in the places that have typically had strong foreign interest, will need traditional (and well-heeled) buyers to offset disappearing demand from international investors,” Richardson said.Not surprisingly, California’s more active housing metros topped the list for million-dollar home sales in Q3, led by San Francisco, Los Angeles, and San Jose—the latter of which saw a 43.7 percent jump in luxury sales over the last year. San Diego and Newport Beach also made it into the top 10, ranked at Nos. 5 and 10, respectively.On the other hand, a few of the nation’s more affordable markets also happened to be among the top areas for luxury sales, including Chicago and Houston.”The luxury home market in Houston is thriving in large part because of the strong and diverse job market,” said Tara Waggoner, a Redfin agent. “Energy and technology companies like Exxon Mobil are hiring employees away from the coasts. Those people are shocked at how much home they can get for $1 million in Houston.” Share
Ginnie Mae to Reform Document Custody Policies and Management Today, Ginnie Mae announced its plans to thoroughly update program requirements and infrastructure in relation to loan documents that serve as collateral for securitized pools of loans.Together, Drayne said Ginnie Mae intend to engage issuers, document custodians and other stakeholders in a dialogue about how to most effectively update the program requirements and infrastructure relating to pool collateral.“We plan to take a thoughtful approach and expect that this will be a multi-year effort,” said Drayne.Ginnie Mae’s SVP of Issuer and Portfolio Management, Michael Drayne noted that the government corporation will use four “guiding principles” as it undertakes a comprehensive review and reform of the policies and procedures relating to the management of pool collateral via third party document custodians.The government organization realized the need for reform after the finiancial crisis and the unprecedented level of Mortgage Servicing Rights (MSR) transfer requests in recent years, Drayne added.“Every one of the nine million loans in Ginnie Mae pools is secured by a collateral loan file,” said Drayne. “As our business has grown, and the ownership of so many of the underlying MSRs has changed hands since the financial crisis, it has become even more critical to ensure that our program for managing this documentation evolves to meet changing circumstances and take advantage of technological progress.”Ginnie Mae’s “Guiding Principles:”1) Policy: Current policies will be re-examined to consider whether they adequately reflect and mitigate actual risks and the current and foreseeable state of available technology.2) Integration: Document custody functions and information should be more closely integrated into Ginnie Mae’s systems.3) Loan Level: Information about the status of pool collateral should be managed at the loan level, not merely the pool level.4) Enforcement: The methods by which Ginnie Mae enforces compliance with its policies will be re-examined and harmonized with its broader practices for managing issuer relations. in Daily Dose, Featured, Government, News June 18, 2015 563 Views Document Custody Policies Document Management Ginnie Mae Mortgage Servicing Rights 2015-06-18 Staff Writer Share
Analysts said after the HUD/Census Bureau’s New Residential Construction report for October that housing starts had room to grow even after a 25 percent over-the-year spike up to an annual rate of approximately 1.34 million.Instead of expanding in November, however, housing starts did an about face, declining by nearly 7 percent over-the-month and almost 19 percent over-the-year down to 1.09 million, according to HUD and the Census Bureau’s November 2016 report. That includes both single- and multi-family starts; in November, single-family housing starts were on an annual pace of 828,000, a 4.1 percent drop from October.“Today’s new construction report confirmed just how disappointing new construction has been this year,” realtor.com Chief Economist Jonathan Smoke said. “The seasonally adjusted rate of starts in November was down a whopping 19 percent from October, a much greater drop than anticipated. But the 26 percent increase in October was really an aberration, and can be attributed to factors such as mild weather and the 33-percent rise in multifamily starts.”The news was not good for permits issued for residential housing in November, either. The number of permits authorized declined by 4.7 percent over-the-month and 6.6 percent over-the-year down to an annual rate of 1.2 million during November, according to HUD and the Census Bureau’s November 2016 report.“The trend in permitting data, which is a bit more reliable and consistent, is also not encouraging with seasonally adjusted rates of permitting down 5 percent from October,” Smoke said. “However, November’s seasonally adjusted rate of permits was 1.201 million, keeping us above the 1.2 million mark for three straight months—a consistent level of permitting not seen since 2007.”Completions were the bright spot of November’s Residential Construction Report, totaling an annual pace of 1.22 million—representing increases of 15.4 percent over-the-month and 25.0 percent over-the-year, respectively.With the National Association of Home Builders (NAHB) reporting that builder confidence was higher in December than it has been for more than 11 years, there may be better days ahead for new home construction.“Because of the lack of progress in new construction this year, housing stock has not kept pace with household growth,” Smoke said. “And that’s why low vacancies in rentals and very low inventories of homes for sale lead to higher rents and prices. Now that permitting once again exceeds the rate of starts, we can expect better growth ahead in starts and completions. Yesterday’s homebuilder confidence data pointed to a big post-election jump in builder confidence.”Trulia Chief Economist Ralph McLaughlin stated, “Housing starts dropped in November, and the drop was more than due to more than October’s big increase. For context, housing starts in November were the second lowest since October of last year. While starts fell in November, they continue to provide an important release valve for solid demand in the housing market, but still have much more room for growth. Starts in November were only 55 percent of their long-run average, but year-to-date they are up 4.8 percent. We’re confident that housing starts will grow slow and steady through 2017 and beyond. Yesterday’s large jump in homebuilder sentiment is a good sign that they think so too. This will bring continued relief to homebuyers who have been stymied by a supply-constrained market over the past few years.”Click here to view the complete report from HUD/Census Bureau. in Daily Dose, Data, Headlines, News December 16, 2016 738 Views Share Housing Completions Housing Permits Housing Starts 2016-12-16 Seth Welborn Housing Starts Fall Back to Earth
March 29, 2017 566 Views Sun Bancorp Elects Director in News Sun Bancorp 2017-03-29 Seth Welborn James B. Lockhart IIIOn Tuesday, Sun Bancorp, Inc, the holding company of Sun National Bank, announced that the board of directors has elected James B. Lockhart III as a Director.Lockhart Vice Chairman of WL Ross & Co. LLC, serves as a Director of Cascade Bancorp and its wholly-owned subsidiary, Bank of the Cascades, Oregon. His election to the Board is subject to the approval of the Federal Reserve Board under the Depository Institution Management Interlocks Act, which is pending.Mr. Lockhart’s appointment to the Board of Directors of the Bank has been approved by the Office of the Comptroller of the Currency under the Interlocks Act. Upon receipt of the Federal Reserve Board approval, the size of the Boards will be increased by one to eleven members and Mr. Lockhart will commence his service on both Boards, subject to re-election at the upcoming annual meeting of shareholders in May.Previously, Lockhart served as the Director of Federal Housing Finance Agency and Chairman of its Oversight Board, and Director of its predecessor agency, the Office of Federal Housing Enterprise Oversight. Prior to that, he served as Deputy Commissioner and Chief Operating Officer at the Social Security Administration. In addition to his directorship at Cascade Bancorp, Mr. Lockhart serves as a Director of Shellpoint Partners.”We are pleased to have Jim Lockhart join our Boards,” stated President & CEO Thomas M. O’Brien. “Jim has a distinguished career in both the private and public sectors. His deep experience on investor, banking, regulatory and policy matters will bring added insight to our boardroom deliberations.”Lockhart is scheduled to speak at the 2017 Five Star Government Forum. Share
Shared Assessments SIG Questionnaire third-party risk management Vendorly Vendors 2019-01-30 Radhika Ojha Share Vendorly, an oversight platform for financial institutions has announced a collaboration with Shared Assessments, a third-party risk management company, to license the Standardized Information Gathering (SIG) Questionnaire. This questionnaire is available for Vendorly customers to access the industry-standard list of questions based on the risk profile of their vendor engagement.“Vendor management is becoming increasingly complex, covering more and more areas,” said Jim Vaca, SVP, Vendorly. “By recognizing the pain points experienced by the customers and vendors we work with, we felt a need to bring some additional efficiency to both. So often our clients and prospects ask for guidance on the right questions to ask, even something as simple as how long the questionnaire should be. The standardization of questionnaires is long overdue and we are excited to be offering the Shared Assessments SIG Questionnaire to our clients.”The Luxembourg-headquartered, vendor platform provider said that the SIG Questionnaire, which is built on best practices by the Shared Assessments member community, provides standardization and efficiency in performing third-party risk assessments. Through this collaboration, Vendorly customers no longer need to rely solely on internal expertise in knowing the difference between frameworks (i.e. ISO or NIST) and instead can rely on the standardized questionnaire to help define how to mitigate risk. With over 50,000 vendors actively managed on the Vendorly platform, the addition of the SIG functionality showcases Vendorly’s commitment to raising the standards of third-party risk management (TPRM). The SIG effectively becomes the standard for all questionnaires, helping to satisfy the universe of a TPRM professional’s risk control areas.“We commend Vendorly for joining the community of third-party risk practitioners working to create assurance in vendor relationships,” said Catherine A. Allen, Chairman & CEO, The Santa Fe Group, Shared Assessments. “By adopting and contributing to the Shared Assessments standard, Vendorly is working to create standard assessments that are reliable, relevant and efficient.” Vendorly Partners With Shared Assessments January 30, 2019 764 Views in Headlines, News, Technology
Freezing temperatures in California over recent days have not led to any reports of damage on the citrus production and are likely benefitting the crop, according to the California Citrus Mutual (CCM).The CCM described Tuesday night as “another long night” for growers as temperatures dropped throughout the Central Valley and Ventura County.In the Central Valley, cloud cover prevented temperatures from dropping as low as expected, generally hovering around the 27-29ºF range, while in Ventura County temperatures bottomed out around 24 to 25ºF, marking the coldest night this winter.”Growers throughout both regions reported running wind machines for several hours to protect the State’s $3.8 billion dollar citrus crop,” the CCM said.”Additionally, water was run in colder spots to moisten the ground in anticipation of the cooler temperatures. As the warm air rises from the moist ground, wind machines effectively trap and circulate warm air in the grove. When temperatures fall below critical levels, a two to four degree increase can prevent significant crop losses.”Navel varieties can tolerate temperatures as low as 27ºF without threat of damage, whereas Mandarin varieties tend to be susceptible to some damage at temperatures below 32ºF. Lemon varieties fall in the middle, tolerating temperatures as low as 30 degrees. “We are currently a quarter of the way through the citrus season, which is anticipated to go through mid-June. At this point in the season, cold weather is to be expected and at current levels is beneficial for fruit quality, color, and flavor,” the CCM said.Related article: Californian citrus industry may have “quality product well past the 4th of July” U.S.: California cherry season to arrive later tha … You might also be interested in The calm before the storm: Undersupplied U.S. tabl … Strawberries in Charts: Expected California shorta … U.S.: First storm hits California, more heavy rain … January 02 , 2019
cruiseluxuryThe Cruise CentreThe Goldman Group The Goldman Group has acquired The Cruise Centre in Brisbane, as the company enters into the Queensland travel market and further strengthens its offering in the growing cruise space across Australia. The Cruise Centre is one of Australia’s leading boutique cruise agencies, acclaimed for its team of voyage specialists each with extensive first-hand cruising expertise across a range of vessels and destinations. The acquisition brings an additional eight staff members to the award-winning The Goldman Group, which celebrates its 35th anniversary in 2018.“With Australia currently the fifth largest source market for cruises globally, building upon our cruise business was a priority for the group this year, alongside increased marketing and sales activity across all our travel businesses,” said Tom Goldman OAM, Executive Chairman of Goldman Group.“This acquisition will position us as a major player in the premium and luxury cruising space, adding in-depth expertise and invaluable first-hand cruising experience of The Cruise Centre’s consultants.“Currently based in Brisbane, we’re looking forward to rolling out The Cruise Centre brand in both Victoria and New South Wales in the near future, and to servicing and growing our cruise clientele nationwide. Goldman clients will benefit from the extensive personal cruising experience of The Cruise Centre’s advisors, with the added benefit of the Goldman Group team’s worldwide destination and luxury travel knowledge.” Cruise industry stalwart, Elizabeth Clarke, currently Joint Managing Director at The Cruise Centre, will be joining Goldman to ensure a seamless transition of the business from Savenio. CLIA CRUISE INDUSTRY SOURCE MARKET REPORT, Ocean Cruise Passengers Australia 2016IMAGE: L-R: The Goldman Group’s Anthony Goldman, Joint Managing Director, Tom Goldman OAM, Executive Chairman, David Goldman, Joint Managing Director
BrochuresDiscover AustraliaSeaLink Explore Australia’s cities, famous Islands, landmarks and sights, beautiful beaches, rivers and wineries with SeaLink Travel Group’s ‘Discover Australia 2019/20 ‘brochure. The new 32-page brochure features SeaLink Travel Groups suite of brands and experiences across New South Wales, Queensland, Northern Territory, South Australia, Western Australia and for the first time Tasmania.According to Jeff Ellison, Chief Executive and Managing Director of SeaLink Travel Group, “our new ‘Discover Australia 2019/20 ‘brochure celebrates SeaLink’s 30th Birthday and links our Island destinations with our mainland experiences.“The brochure is filled with tours, packages, cruises and ferries plus many new experiences and destinations including Tasmania and the SeaLink Ferry Service to beautiful Bruny Island.” Some new offerings in much-loved destinations also feature in the brochure including Captain Cook Cruises indulgent six-course Gold Lunch cruises on Sydney Harbour and their first ever ‘premium-end’ charter and private Super Yacht, ‘AUSPRO’.
AdelaideaustraliahotelsHyattHyatt Hotels CorporationHyatt Regency Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement to develop a new 295-room Hyatt Regency in Adelaide, marking the return of a Hyatt branded hotel to Adelaide.Construction is scheduled to commence in early 2020, and Hyatt Regency Adelaide is expected to open in early 2023.Artist’s render – Hyatt Regency Adelaide due to open 2023“We are grateful to work with CES Pirie Hotel on the opening of the new Hyatt Regency Adelaide and are excited to bring the Hyatt Regency brand, which has a strong legacy and following, back to this vibrant city,” said David Udell, group president, Asia Pacific, Hyatt. “Located in Adelaide’s city centre, the hotel will provide guests with the tools to stay connected and benefit from the hotel’s intuitive and personalised service.”TOP IMAGE: L-R – Monika Dubaj, Vice-President, Development Hyatt Hotels; Mr Robert Dawson, Area VP Operations Pacific, Hyatt (seated); Lord Mayor of Adelaide, Sandy Verschoor; The Hon David Ridgway MLC, Minister for Trade Tourism and Investment; Mr Raymond Chia, Chief Executive Officer Chip Eng Seng Group (seated); and Mrs Celine Tang, Chairman, Chip Eng Seng Group.
The Cardinals made some minor roster moves Tuesday.The team announced they have signed fullback Korey Hall to their 53-man roster. He will take the spot of tackle Pat McQuistan, who was released earlier in the day.Hall, a six-year veteran out of Boise State, spent last season with the New Orleans Saints and played in 13 games. Before his one-season stint in New Orleans, Hall played in 48 games and made 26 starts in four seasons with the Green Bay Packers. With Green Bay, Hall had 21 receptions for 137 yards and one touchdown while also recording 52 special teams tackles. Cardinals expect improving Murphy to contribute right away 0 Comments Share Top Stories Nevada officials reach out to D-backs on potential relocation D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ He was released by the Saints on Sept. 8. The Cardinals also welcomed back linebacker Zach Nash to their practice squad. Nash signed as undrafted free agent from Sacramento State — where he set a school record with 29.5 sacks — back in April, but was released by the team on Aug. 24. To make room for Nash, UA alum Ricky Elmore was issued his release. What an MLB source said about the D-backs’ trade haul for Greinke
Instead, the Cardinals moved down, acquired an extra third-round pick and picked Bucannon out of Washington State. I do like this pick because it fills a need, and Bucannon is a good football player. But the thing that stood out to me when I watched Washington State play was the physical aggression with which Bucannon played. There were plenty of questionable hits and personal foul calls during his four years in Pullman. I asked Cardinals GM Steve Keim, who himself described Bucannon as a headhunter, if that was a concern. He said it wasn’t. I asked Bucannon during a phone interview if that subject came up in his discussions with the Cardinals. He said it hadn’t. He also talked during his press conference about learning what he can and can’t get away with in the NFL.In reviewing Bucannon’s performance in 2013, I was able to document only two personal foul penalties specifically against him, and one of those was declined.Maybe he has learned. If he has, I like this pick a lot more.2nd round, 52nd overall – Troy Niklas, TE, Notre Dame Notre Dame has become “Tight End U” — there have been seven Fighting Irish tight ends selected in the first two rounds of the draft since 1992, the most in football. Again, not a sexy pick, but Stinson should add rotational depth on the Cardinals’ D-line immediately.6th round, 196th overall – Walt Powell, WR, Murray State 2014 marked the fifth straight year the Cardinals have drafted at least one wide receiver — and this year they got two. Powell had 66 catches for 837 yards and 13 touchdowns for the Racers in 2013 and finished 17th in the voting for the Walter Payton Award, which is the FCS equivalent of the Heisman Trophy.Powell can beat you in a number of ways — he also returned kicks and punts for Murray State, and took one of each back for a touchdown in 2013. His presence in the return game could take pressure off of Patrick Peterson, who will see his workload in that area lessened this season.OverallI’ve never been a fan of handing out grades to teams’ drafts immediately after the fact. I like to see how the picks adapt to the pro game before handing out too much judgment.You can certainly gauge a draft by the buzz it creates. Mike Mayock of NFL Network described the Cardinals’ haul as “not sexy, but solid.” I think that’s a good way to put it. The problem is, the other teams in the NFC West had what you would call “sexy” drafts. The St. Louis Rams had a great Thursday, bringing in the top offensive lineman and the top defensive tackle available in Auburn’s Greg Robinson and Pittsburgh’s Aaron Donald. Then they added Florida State’s LaMarcus Joyner and Auburn’s Tre Mason on Day 2 and made the biggest news of Day 3 by picking Missouri’s Michael Sam, the first openly gay draft prospect, in the seventh round. Grace expects Greinke trade to have emotional impact Tight end was also a need for the Cardinals, but less of one since the emergence of Jake Ballard late in 2013 and the free-agent signing of John Carlson (another Notre Dame product) in the offseason.Niklas started out his career in South Bend as a linebacker, so he’s not the most experienced tight end out there. But he did have 32 catches for 498 yards and five touchdowns last season. ASU fans remember the nice grab he made in front of Alden Darby in the end zone during the Irish’s win over the Sun Devils last October.Mel Kiper of ESPN is reminded of Heath Miller of the Pittsburgh Steelers when he sees Niklas. I think all Cardinals fans would be happy with that. Eric Ebron, Jace Amaro and Austin Seferian-Jenkins were already off the board, so the Cards responded by getting the next best tight end available. Solid pick.3rd round, 84th overall – Kareem Martin, DE, North Carolina NFL.com had Martin rated similarly to Auburn’s Dee Ford, Missouri’s Kony Ealy and Oregon State’s Scott Crichton, who were all long gone by the time the Cardinals were on the clock at No. 84.Martin can get after the passer — he had 19.5 sacks over his last three seasons at UNC and 11.5 last year, which ranked in the top 10 in the nation. Comments Share Former Cardinals kicker Phil Dawson retires He took a huge step back in 2012, completing only 51 percent of his passes, and had a similar year last season. In fact, Thomas’ performance in the season opener against Alabama was one of the worst I’ve seen in a long time. He completed just 5-of-26 passes for 59 yards and a pick that was returned for a touchdown by Vinnie Sunseri in a 35-10 Crimson Tide win.You might say “yeah, Alabama’s defense made a lot of quarterbacks look bad,” and you’d be right. But just two weeks later, ol’ what’s-his-name from Texas A&M riddled ‘Bama for 562 total yards and five touchdown passes.I just think that with Alabama’s A.J. McCarron, Georgia’s Aaron Murray and LSU’s Zach Mettenberger still on the board, the pick of a player termed as “a project” was a reach. 5th round, 160th overall – Ed Stinson, DL, Alabama I like Stinson’s size (6-foot-3, 286), but what I like even more is the fact that he started for two years on Alabama’s fearsome defense.Stinson didn’t put up huge numbers — in fact, he had only 1.5 sacks in 2013. One of those came against Thomas and Virginia Tech in the season opener in Atlanta. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories San Francisco added 12 new players, including Northern Illinois safety Jimmie Ward, Ohio State running back Carlos Hyde, USC center Marcus Martin and Wisconsin tackling machine Chris Borland.Seattle, the defending Super Bowl champs, traded out of the first round and nabbed Colorado receiver Paul Richardson in the 2nd round, a pick I absolutely loved.Things didn’t get any easier for the Cardinals; such is life in the NFC West. But I think overall Steve Keim, Bruce Arians and Co. had a pretty good three days as they gear up for the second year of their regime. – / 7 Derrick Hall satisfied with D-backs’ buying and selling It’s all over.Over three days, 256 players ranging from South Carolina’s Jadeveon Clowney to Memphis’ Lonnie Ballentine, became professional football players via the 2014 NFL Draft.The Arizona Cardinals fortified their roster by selecting seven players over the course of the draft.Here are my quick thoughts on each:1st round, 27th overall – Deone Bucannon, S, Washington StateWith the Cardinals sitting at No. 20 and that quarterback from Texas A&M — man, I forget his name — still sitting on the board, I’d be lying if I didn’t think about bringing that circus to Phoenix. Getting Martin at No. 84 wasn’t a splashy pick, but a good one for the Cardinals.3rd round, 91st overall – John Brown, WR, Pittsburg State Common name. Uncommon speed.Brown, a three-year starter for the Gorillas of Pitt State, was one of the fastest players at the NFL Scouting Combine in Indianapolis this year, running a 4.34 40. Only Kent State’s Dri Archer (4.26) and Oregon State’s Brandin Cooks (4.33) were faster.The Cardinals will try to exploit that speed, something they lacked severely at the WR position in 2013. They tried both Brittan Golden and Teddy Williams in that role, but the duo combined for only five catches.Considering Brown’s size (5-foot-10, 179 pounds) and his small-school background, this could have been a reach in the third round.4th round, 120th overall – Logan Thomas, QB, Virginia Tech When I first saw Logan Thomas play quarterback for the Hokies, my first thought was “Frank Beamer’s lost his mind, he’s got a defensive end running the offense.”Thomas is enormous and scarily athletic for his size. What I didn’t see from Thomas during his three years as a starter in Blacksburg was improvement. His best season was in 2011, when as a sophomore, he completed just under 60 percent of his passes for 3,013 yards and 19 touchdowns for an 11-3 Hokies team that went to the Sugar Bowl.
Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Bowles is in his second season as Arizona’s defensive coordinator. His unit currently ranks third in the NFL against the run, fourth in points allowed per game and is 11th overall.The Cardinals, who own the league’s best record at 8-1, host the Detroit Lions (7-2) in a key NFC matchup Sunday at University of Phoenix Stadium. Former Cardinals kicker Phil Dawson retires Top Stories He’s a hot coaching commodity, no doubt.But the Arizona Cardinals have done their part to keep defensive coordinator Todd Bowles with the organization.According to ProFootballTalk.com, the Cardinals have extended Bowles’ contract through 2017.The deal includes a significant pay raise. Bowles is now believed to be on the five highest-paid assistant coaches in the league.Adam Schefter of ESPN wrote about the new deal on Facebook. Grace expects Greinke trade to have emotional impact
Top Stories The Cardinals scored one special teams touchdown and didn’t allow any.We won’t break down every position on special teams, but here’s a look at how the prominent players fared. Now that the Arizona Cardinals’ 2014 season is over, it’s time to reflect. Over the next ten days or so, we’ll look back at the Cardinals’ 11-win campaign, position by position.Arizona’s special teams were not always special. The Cardinals ranked dead last in kickoff return average (19.0), but 9th in punt return average (10.7). Coverage teams were solid, ranking 13th in opponent’s kick return average (26.1) and 15th in opponent’s punt return average (8.9). The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires Comments Share Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact
Former Cardinals kicker Phil Dawson retires Campbell being good at basketball should really be no shock. At 6-foot-8 he certainly has the height to play the sport, and in high school averaged 22.7 points, 16.0 rebounds and 3.3 blocks per game while earning an All-State basketball selection during his junior season for South High School in Denver, Colorado. The 28-year-old Campbell is coming off a season in which he earned 7.0 sacks, giving him 43.5 in his career. Derrick Hall satisfied with D-backs’ buying and selling Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Don’t worry, Calais Campbell is not planning on giving up the gridiron for the hardwood. Still, the Arizona Cardinals’ Pro Bowl defensive end does have some skill.Check this out: Top Stories Grace expects Greinke trade to have emotional impact