With an aim to strengthen its presence in the Indian market and to introduce more Flemish suppliers to the Indian travel trade, VISITFLANDERS, the tourism promotion organisation for Flanders & Brussels (Belgium), is leading a delegation of Flemish tourism partners at the Outbound Travel Roadshow (OTR) 2016 this year. The roadshow is being held from January 13 – 21, 2016 in Mumbai, Bangalore, Delhi and Kolkata.In addition to VISITFLANDERS, the Flemish delegation includes Visit Bruges, Admire – a Destination Management Company specialising in individual (FIT) and MICE programmes to Belgium, and Martin’s Hotels. Since its showcase in the super-hit film PK, Bruges has seen a significant surge in Indian arrivals and is concentrating on welcoming more upmarket Indian travellers to the destination. The delegates plan to utilise this roadshow to maximise their outreach amongst the travel trade fraternity, and to build new alliances with potential tour operator partners.Sunil Puri, Managing Director – Representative Office for Tourism Flanders & Brussels (Belgium) said, “Since the last year, the focus of VISITFLANDERS has been to attract more FIT and MICE segment travellers from India. Flanders is a dream destination for Indian FIT traveller and, in addition to the globally acclaimed Convention facilities, the Meetings and Incentive venues and options are unique and without parallel. India has emerged as an important market for us and we have seen a surge of arrivals over the past few years and, this year along with our partners, we hope to continue this momentum.”Travellers today are constantly on the lookout for newer, unexplored destinations and that is where the cities of Bruges, Ghent and Leuven become attractive to them with their unique local atmospheres and architecture. While the beers, chocolates and culinary experiences across Flanders entice every food enthusiast; music lovers head to Ghent to attend the numerous music festivals in that city, and to Boom – the location of one of the biggest electronic music festivals in the world- Tomorrowland.
Page 2 of 201
July 28, 2011 433 Views Plummeting refinance applications crimped “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory (FHA) mortgage loan applications over June, according to a report issued by the federal agency, with total volume falling 22 percent less than volume at the same time last year.[IMAGE]The “”Single-Family Outlook report””:http://portal.hud.gov/hudportal/documents/huddoc?id=ol0611.pdf, a monthly review of application insurance statistics, covers an array of housing sector data, including claims, delinquency, and endorsement information, according the federal agency’s Web site.The FHA attributed the plunge to a 50 percent decline in year-over-year numbers for refinance applications. Data from June last year suggests a sharp decline in refinance loan applications, which dropped from 69,876 to 35,367 the same month this year. [COLUMN_BREAK]Overall loan applications totaled 131,796 in June, as compared with 168,915 in the same month last year. Meanwhile, refinance transactions fell to 74,370 from 115,831, reflecting a 29 percent drop. The FHA also said that it endorsed 5,857 high-end conforming mortgages. Spokespeople for neither “”HUD””:http://portal.hud.gov/portal/page/portal/HUD nor the FHA could be immediately reached for comment.Approved FHA loans fell by 33 percent in June in contrast with numbers from the same month last year, with the agency backing 101,469 mortgages in 2011 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a marked decline when viewed alongside 150,911 completed loans in 2010. Average processing times came out to 9.4 weeks, with the application and closing periods taking up to 6.1 weeks on average and 3.3 weeks from closed applications to endorsements.Among insured single-family mortgages, the FHA showed a 7,151,199-strong portfolio, alongside an overall balance of $994.6 billion. Purchase loan applications also saw a dip in year-over-year averages. The FHA reported 87,674 purchase applications in June this year, as compared with 89,951 applications in the same month last year, reflecting a 9.7 percent decrease.The outlook yielded 74,370 completed purchase money mortgages in June this year, substantially down from 115,831 from the same month in 2010. Homebuyers secured FHA loans with an average FICO score of 699 in June, up from 698 last year. FHA HUD Lenders & Servicers Mortgage Applications Processing Refinance Service Providers 2011-07-28 Ryan Schuette FHA: Total Loan Origination Volume Falls in Data, Government, Origination, Servicing Share
Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-01-31 Abby Gregory in Data, Government, Origination, Secondary Market, Servicing, Technology ALFN’s CEO Resigns, Starts Consulting Group January 31, 2012 466 Views Share The “”American Legal & Financial Network””:www.alfn.org/ (ALFN) recently released a brief statement announcing the resignation of the organization’s current president and CEO, William LeRoy. [IMAGE]The Missouri-based group extended few details surrounding LeRoy’s departure, but the ALFN did indicate that LeRoy’s resignation would be effective immediately.Co-founder and chairman of the board of directors for the ALFN, Wesley T. Kozeny, was named as interim president and CEO. The organization said it has already begun the search for a permanent replacement for LeRoy, who served the ALFN for over nine years. The ALFN’s official press documents noted that LeRoy had resigned to “”in order to pursue other opportunities,”” and in[COLUMN_BREAK]conducting research for this story, _MReport_ found that “”LeRoy’s LinkedIn””:http://www.linkedin.com/pub/william-m-leroy/5/707/685 page now lists him as the founder and principal of PHOENIX Consulting, LLC, as of January 2012.As recently as last October, LeRoy’s position at the ALFN appeared firm, and various press materials covering the group’s activities gave no indication that LeRoy would be stepping down as the leader of the ALFN. During October of last year, for example, the ALFN released a personal message written by LeRoy that was widely distributed. In the open letter, LeRoy expressed his thanks to the ALFN’s members and others following the organization’s actions related to the “”Federal Housing Finance Agency’s””:www.fhfa.gov/ Loan Servicing and Delinquency Management Alignment Initiative.In the statement, LeRoy wrote in part, “”Folks, I am 60 years ‘young’├â┬ó├óÔÇÜ┬¼├é┬ª I have never witnessed any group take any such action that resulted in such a dramatic national policy turnaround involving such behemoth industry players, as we have done in the five days that make up the beginning and ending of these events. If you have ever asked yourself what the true value of this organization is, or if you can truly make a difference within this industry, we have just demonstrated that the answer to that question is a resounding YES! We truly are a force for good within our industry and we can, and do make a difference.””The ALFN has already updated its website to reflect Kozeny’s position as interim president and CEO. As of press time, there was no additional information available regarding LeRoy’s permanent replacement.
in Data, Government, Secondary Market August 2, 2012 476 Views Fed,Federal Open Market Committee Holds Off on Any Stimulus Acknowledging “”economic activity decelerated somewhat over the first half of this year”” and “”growth in employment has been slow in recent months,”” the “”Federal Open Market Committee””:http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm nonetheless decided Wednesday to take no new actions to stimulate growth. [IMAGE]Concluding a two day meeting the FOMC instead said it would maintain its low interest rate policy and continue previously announced programs to reinvest proceeds of maturing Treasury securities it already holds and extend the average maturity of its portfolio.Those actions will not directly address the Federal Reserve’s two policy mandates: price stability and maximum sustainable economic growth ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô usually measured by the unemployment rate.Even the benign inaction drew a dissent from Jeffery Lacker, president of the Richmond [COLUMN_BREAK]Fed because he wanted to omit the time period over which rates would be exceptionally low.The FOMC said it would keep interest rates at current levels through the end of 2014.There was no hint, in the FOMC’s end-of-meeting statement of additional quantitative easing or a move towards price level, inflation, or nominal GDP targeting.In that statement the Fed offered a subdued view of the economy with the only marginally positive comment an acknowledgement that inflation has declined and “”longer term inflation expectations have remained stable,”” the same language the FOMC used six weeks ago at the end of its last meeting.””Household spending appears to be has been rising at a somewhat slower pace than earlier in the year,”” the FOMC said in its statement Wednesday, adding “”despite some further signs of improvement, the housing sector remains depressed.””The FOMC voted to maintain the target funds rate in a range of 0 percent to 0.25 percent, where it has been since December 2008. In addition, the Fed and said it continues to anticipates keeping the funds rate at “”exceptionally low levels”” through late 2014 because relatively soft economic growth, relatively low levels of resource utilization, and subdued inflation are expected to continue. The committee said it expects “”economic growth to remain moderate … and then pick up very gradually”” but that “”the unemployment rate will decline only slowly””. The major downside risk continues to be “”strains in global financial markets.”” Agents & Brokers Attorneys & Title Companies Ben S. Bernanke Federal Reserve Inflation Investors Lenders & Servicers Service Providers 2012-08-02 Mark Lieberman Share
New,Pacific Union Financial Adds to Wholesale, Correspondent Lending Divisions “”Pacific Union Financial””:http://www.pacuniondirect.com/, LLC, announced the addition of two new sales executives to their wholesale and correspondent lending teams.[IMAGE]Patricia Trimble has been hired as SVP of wholesale sales, Pacific Union Financial announced. With more than 26 years of industry experience, Trimble has held similar leadership roles in wholesale lending at Home Savings of America, American Mortgage Network/Wachovia Mortgage, and JPMorgan Chase, among others. At Pacific [COLUMN_BREAK]Union Financial, she is responsible for growing the company’s wholesale operation and expanding relationships with its existing client base.At the same time, the company selected J. Andrew Peach to serve as SVP and national correspondent manager for its correspondent lending division. Peach brings more than two-and-a-half decades of industry experience to the company, most recently working at JPMorgan Chase as north correspondent division manager. Prior to that, he held similar leadership roles in correspondent sales at Aurora Loan Services and Bank of America. His role at Pacific Union Financial is to further develop the company’s growing portfolio of regional and national correspondent loans.””I am excited to have Patty and Andy joining our team,”” said Rick Skogg, president of Pacific Union Financial. “”Each of them brings tremendous value and experience to us, along with exemplary reputations in the mortgage banking industry. They are ideal choices to take Pacific Union Financial’s Wholesale and Correspondent Divisions to the next level.”” Share Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-05-03 Tory Barringer May 3, 2013 470 Views in Data, Government, Origination, Secondary Market, Servicing
in Daily Dose, Data, Featured, News Americans’ Economic Optimism Spills Over into Housing After suffering a setback in December, American attitudes toward the housing market recovered last month, with more consumers saying it is good time to get off the sidelines.Sixty-seven percent of American adults responding to Fannie Mae’s January National Housing Survey said now is a good time to buy a home, the company reported Monday, while 44 percent said now is a good time to sell. Both figures are up from December, when positive responses were at 64 percent and 40 percent, respectively.Doug Duncan, SVP and chief economist at Fannie Mae, said the country’s current economic momentum played a role in January’s more upbeat views of the housing market.”Consumers are as positive about their personal finances at the start of 2015 as they have been since we launched the National Housing Survey in 2010, and this optimism seems to be spilling over into housing market attitudes,” Duncan said. “These results are in line with lender optimism about future growth in their mortgage origination business, as shown in our Mortgage Lender Sentiment Survey.”The share of respondents in Fannie Mae’s survey who said their household income is “significantly higher” than it was a year ago climbed 4 percentage points to a survey high of 29 percent, the company reported. Looking ahead, 48 percent said they expect their finances to improve in the next year, also a survey high.Overall, 44 percent of Americans said they believe the economy is on the right track, an increase of 3 percentage points and only a few points less than those saying the economy is headed the wrong way (49 percent).That optimism spurred 66 percent of those surveyed to say they would buy a home if they had to move, a jump from 61 percent at the end of 2015. The share of those who would rent, meanwhile, slipped after three months of gains, falling to 29 percent.”Overall, these are good signs to start off 2015 and are consistent with our expectation that strengthening employment and economic activity will boost the speed of the housing recovery,” Duncan said. Confidence Demand Fannie Mae 2015-02-09 Tory Barringer February 9, 2015 605 Views Share
CEOs of Fannie Mae and Freddie Mac to Receive Pay Raises CEO Pay Raise Fannie Mae Federal Housing Finance Agency Freddie Mac U.S. Securities and Exchange Commission 2015-07-01 Staff Writer in Daily Dose, Featured, Government, News Share Fannie Mae and Freddie Mac CEOs are expected to get multimillion-dollar increases to their paycheck approved by the GSE’s regulator, the Federal Housing Finance Agency (FHFA), according to recent 8K Filings (Mayopoulos and Layton) with the U.S. Securities and Exchange Commission (SEC).On June 29, 2015, the FHFA approved changes to the compensation of Fannie Mae’s CEO Timothy J. Mayopoulos, and Freddie Mac’s CEO Donald H. Layton to address recent objectives outlined by the FHFA. Both salary adjustments will go into effect on July 1, 2015.According to the SEC filing, Mayopoulos’ and Layton’s compensation cannot be higher than the 25th percentile of CEO compensation for their comparator group, are described in Fannie Mae’s Form 10-Q for the quarter ended March 31, 2015.The SEC outlined that Fannie Mae and Freddie Mac CEO’s direct compensation will consist of an annual base salary of $750,000, fixed deferred salary at an annual rate of $2.05 million, and at-risk deferred salary with an annual target amount of $1.2 million, totaling $4 million. The at-risk deferred salary is based on performance and can be reduced. These amounts will be prorated for 2015 and both executives have the same structure that applies to other executives within the GSEs.Congress attempted to fight this salary increase earlier this year, stating that the raise would not be fair to taxpayers.In May, U.S. Congressman Ed Royce (R-California) announced his plan to submit legislation by to prevent a potential pay increase for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos.The Federal Housing Finance Agency (FHFA) gave Freddie Mac and its fellow GSE, Fannie Mae, authorization to review the salaries of their respective CEOs, Layton and Mayopoulos. Both CEOs made $600,000 each without bonuses in 2014. The pay reviews for the top executives at the GSEs are largely due to concerns that the Enterprises will not be able to stay competitive because their CEOs make less than some lower-ranked executives.FHFA director Mel Watt directed Freddie Mac to submit a proposed executive compensation for the CEO position that could be as high as $7.26 million a year, the 25th percentile of the market in May.Royce said in a statement on his website that it is “unconscionable” that Freddie Mac would elevate the pay of its CEO to that level while taxpayers are still on the hook. The fact that the GSEs are still under conservatorship of the FHFA, where they have been since September 2008, is still a contentious one among politicians and stakeholders in the housing market.”At a time when American families are still struggling to find their footing financially, it is absolutely unconscionable that regulators would allow the taxpayer-bailed out Freddie Mac to pay its CEO over $7 million dollars a year,” Royce said. “Just last week a stress test of the GSEs showed the possibility of a future taxpayer bailout to the tune of $150 billion, yet FHFA appears to be pursuing the pre-crisis model of private gains and public losses. We can’t simply put the blinders on and say the GSEs are just like other companies. We need to move towards a model that allows the private sector to compete on a level-playing field, not one where Fannie and Freddie act like the private corporations with taxpayers on the hook for losses. In the interim, I will be introducing legislation to block this potential hike in CEO pay.”Click here to view the SEC 8K Filing for Fannie Mae CEO Timothy J. Mayopoulos.Click here to view the SEC 8K Filing for Freddie Mac CEO Donald H. Layton. July 1, 2015 610 Views
Morningstar Credit Ratings Renewals SFR Securitizations Single-Family Rental 2016-03-01 Scott_Morgan Rents Increasing Faster for Renewals on Single-Family Rental Properties Share in Daily Dose, Headlines, News Managers of properties in single-family rental (SFR) securitizations have been steadily increasing rents more for renewals than for new tenants for vacant properties over the past two years, a new report by Morningstar Credit Ratings has found.According to Morningstar’s 28-month-long analysis of single-family rental securitizations, rents in Q4 of 2015 dropped for new tenants (after almost half a year of remaining flat), while at the same time rents for existing tenants has increased gradually and steadily since at least July of 2014.While both categories show increases since the summer of 2014, renewals rents have tended to go up by a steady 3 to 4 percent, while vacant property rents were a little less consistent. A graph shows that more than 80 percent of renewal properties showed increased rents at the end of January, compared to 60 percent of vacant properties hoping to lure a tenant. In July, both types of properties were about even at just under 80 percent, according to the report.Length of vacancy is a big factor in allowing property managers to increase rental rates. The longer a property remains vacant, the more likely a property manager is to shift the focus from optimizing the rent to simply getting the property occupied, the report found. Therefore, where tenants are in place, it’s easier to ask for more money.“One of the most basic, but important, concepts in single-family rentals is simply to keep properties occupied and, as a result, cash flowing,” the report stated. “It is in the interest of single-family rental securitizations for property managers to keep properties occupied by maintaining high renewal rates.”There also appears to be some seasonality to the rental increases. Larger increases in renewal properties occur more often in fall months and larger vacant-to-occupied increases happen more in summertime.According to Morningstar, school systems have a lot to do with this seasonality. Property managers stress the importance that tenants place on their preferred school districts, and that new tenants are willing to absorb higher rental rates in the summer in order to be settled in time for the new school year. Meanwhile, renewal tenants will pay higher rental rates in the fall to meet their desire to stay in a chosen school district, the report found. March 1, 2016 639 Views
Share Builder Confidence NAHB/Wells Fargo Housing Market Index 2016-11-16 Seth Welborn The growth of the single-family housing sector has been slow and gradual over the last few months due the steady and solid level of builder sentiment during that period, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for November.The HMI reported a reading of 63 in November, the third straight month it has been higher than 60 and tied for the second-highest level for any month in 2016. In September, the HMI shot up to an 11-month high of 65 from its August reading of 59 amid solid job growth, near record-low interest rates, and strong single-family housing demand.The HMI’s three components (builder perceptions of current single-family home sales, sales expectations for the next six months, and prospective buyer traffic) are scored and then averaged; an index score over 50 indicates that more builders view conditions as good rather than poor.For the November HMI, the component measuring buyer traffic increased by one point up to 47; the current sales component stayed flat at 69; and the component measuring sales expectations declined by 2 points down to 69 in November, according to NAHB.“Builder sentiment has held well above 60 for the past three months, indicating that the single-family housing sector continues to show slow, gradual growth,” said Robert Dietz, Chief Economist with NAHB. “Ongoing job creation, rising incomes and attractive mortgage rates are supporting demand in the single-family housing sector. These factors will help keep housing on a steady, upward path in the months ahead.”Dietz noted that the data for the November HMI was gathered prior to the election, meaning that builder sentiment remained above 60 even amid the uncertainty around the election’s results.David Berson, Chief Economist with Nationwide, said that the November HMI “suggests continued strong demand from homebuyers for new housing. The survey shows that homebuilders confidence in the direction of the new home market continues to grow.”Berson added, “Job and income gains as well as stronger household formation this year are driving demand for new construction across the country. Homebuyer traffic for new homes remains elevated with mortgage rates near record lows and the supply of existing homes on the market still tight.”The findings of the HMI concur with those of Nationwide’s Health of Housing Markets report, which indicated a generally healthy housing market for almost all of the county’s 400 metro areas.“There are only a few cities where the energy sector remains a drag on housing sector growth and these negative impacts are slowly receding,” Berson said. in Daily Dose, Data, Featured, News November 16, 2016 661 Views Single-Family Housing Showing ‘Slow, Gradual Growth’
HUD Secretary Ben Carson to Speak at Government Forum Share March 23, 2018 549 Views United States Secretary of Housing and Urban Development, Dr. Benjamin Carson, will address attendees at the 2018 Five Star Government Forum in Washington, D.C., on April 3.Now in its 9th year, this event is a day-long gathering where leaders in mortgage banking and the federal government engage and have an open dialogue about pressing issues.”We are honored to host Dr. Carson as a keynote presenter,” said Five Star Institute President and CEO Ed Delgado. “The importance of HUD’s leadership in furthering the health and wellness of the United States housing market simply can not be overstated. We look forward to hearing Secretary Carson communicate his vision toward ensuring that responsive and responsible housing policies are maintained for the benefit of homeowners.”With representation from HUD, FHFA, Fannie Mae, Freddie Mac, Ginnie Mae, this year’s Government Forum speakers have played an integral role in providing quality leadership to the federal government and the mortgage industry. “A collaborative working relationship between regulatory agencies and the industry promotes understanding and ultimately benefits homeowners,” said Delgado. “The Five Star Government Forum facilitates the growth of those relationships by bringing together interested stakeholders to promote the exchange of ideas and best practices. We look forward to hosting this discussion.” in Daily Dose, Featured, Government, News Dr. Ben Carson Five Star Government Forum FSGF HUD HUD Secretary 2018-03-23 Radhika Ojha
S&P Global Reaffirms LoanCare Ratings 2018-07-27 Kristina Brewer LoanCare, a ServiceLink company, has announced that its rating has been reaffirmed and maintained as Above Average, both as a residential mortgage primary servicer and as a residential special servicer, from S&P Global. According to their press release, the outlook is stable for both rankings.According to S&P Global’s results, the rankings reflect LoanCare’s “enhanced technology environment, multiple levels of internal controls, sound training program and well-managed vendor oversight area.” This report points to several positive attributes of LoanCare including, “an experienced management team, competitive turnover metrics and proactive default management practices that are inclusive of automation.” in Headlines, journal, News, Servicing S&P Global believes that LoanCare has made improvements to its infrastructure to highlight efficiencies and reduce risk. “We expect LoanCare to remain a competitive servicer in the residential marketplace,” S&P Global stated.”We are honored that S&P Global reaffirmed our rating and recognized LoanCare with Above Average rankings,” said Dave Worrall, president of LoanCare. “This rating is a reflection on our company’s mission to provide service that exceeds expectations. We assure that we operate at the highest level of conduct through quality customer service, compliant practices, and innovative technology.” LoanCare, a ServiceLink company, is one of the top three providers of full-service subservicing and interim subservicing to the mortgage industry. Presently, LoanCare subservices more than 1.2 million loans in all 50 states, approximating $244 billion in loan balances. July 27, 2018 674 Views Share
November 14, 2018 576 Views Quarles: “Lending Growth, Fewer Nonperforming Loans” in Daily Dose, Featured, Government, News Banks Dodd-Frank Federal Reserve Financial Services Committee House Liquidity 2018-11-14 Radhika Ojha Improving regulatory transparency and the Fed’s progress in making the post-crisis regulatory framework simpler and more efficient were the two main topics of discussion during The Federal Reserve Vice Chairman for Supervision, Randal Quarles’, semiannual testimony to the House Financial Services Committee on Wednesday.Opening the proceedings, Hensarling said that the Dodd-Frank Act had dramatically increased the Fed’s powers “way beyond its traditional monetary policy responsibilities.” “Through so-called “heightened prudential standards,” the Fed can functionally now control the largest financial institutions in our economy, which is most disconcerting,” Hensarling said. “Increased capital and liquidity standards, as long as they are not counter-productive or duplicative, add to stability; regulatory complexity and micro-management do not. If not properly tailored and calibrated, both hinder economic growth.” However, during his testimony, Quarles said that the Fed was making progress in making the post-crisis “regulatory framework simpler and more efficient.”Outlining the Fed’s initiatives, Quarles said, “I am mindful that this semiannual testimony—like my position as Vice Chairman for Supervision—is grounded in Congress’s efforts to strengthen and improve the nation’s regulatory framework following the financial crisis. “The motivations are clear: supervisory resources are not limitless, and supervision is not costless, either to the public or to supervised institutions. Activities and firms that pose the greatest risk should receive the most scrutiny, and where the risk is lower, the regulatory burden should be lower as well,” Quarles said.He pointed out that this principal had also guided the Fed’s implementation of the Dodd-Frank modifications or the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). He said that the Fed had already expanded the eligibility of community banking firms for the Small Bank Holding Company Policy Statement, and for longer, 18-month examination cycles; given bank holding companies below $100 billion in assets immediate relief from supervisory assessments, stress testing requirements, and some additional Dodd-Frank Act prudential measures; and implemented changes to liquidity regulation of municipal securities and capital regulation of high-volatility commercial real estate exposures.Speaking about the improvements in the regulatory framework that the Fed had made, Quarles told the committee that tailoring regulation and supervision to risk was a programmatic goal of the Federal Reserve policy and had been so for more than two decades. He told the committee that the Fed had taken a number of steps to further increase transparency and provide more information about its supervisory activity to the institutions it regulated as well as the general public.Giving the example of its recent improvising of supervisory rating systems for large financial institutions, he said that The new rating system would “better align ratings for these firms with the supervisory feedback they receive and will focus firms on the capital, liquidity, and governance issues most likely to affect safety and soundness.”Quarles told the committee that the Fed would make final a set of measures to increase visibility into the Board’s supervisory stress testing program. “The enhanced disclosures will include more granular descriptions of our models; more information about the design of our scenarios; and more detail about the outcomes we project, including a range of loss rates for loans held by firms subject to the Comprehensive Capital Analysis and Review,” Quarles explained. Giving a report on the safety and soundness of the U.S. Banking System, he said that the banking sector remained in strong condition and was in line with the strong performance of the U.S. economy, with “lending growth, fewer nonperforming loans, and strong overall profitability.”“Large institutions are well capitalized and liquid, and their capital planning and liquidity risk-management processes are improving. Ninety-nine percent of regional and community banks are currently well capitalized, and supervisory recommendations made to smaller firms during the financial crisis have largely been closed,” Quarles said. Starting the proceedings by acknowledging that he would be retiring as Chairman of the House Financial Services Committee soon, Jeb Hensarling, Chairman of the Committee congratulated the Democrats on their midterm win and ensured an efficient and peaceful transfer of power. “I don’t know who will chair the committee, although I have a pretty good idea,” he said in a clear indication towards Ranking Member Maxine Waters who is most likely to succeed him as the Chairperson.Before his opening statement, Hensarling acknowledged Waters’ longtime participation in the House Financial Committee. “I certainly would congratulate her on her accomplishment and congratulate her on all the times we have been able to work on a bipartisan basis,” he said.Thanking Hensarling for his offer to be of assistance in the transition, Waters, however, said that while it was thought that “I would chair this committee we haven’t gone through our formal process as yet. And I welcome and appreciate the opportunity to certainly have the support from my colleagues on this side of the aisle to chair this committee and I look forward to working with you in any and every way that I can,” she said.To view, the complete testimony click here. Share
The Chen Box Hill, in Melbourne, is officially open. The 8th Art Series Hotel, named for, and inspired by, Chinese-Australian abstract artist, Zhong Chen, opened yesterday with an official ribbon cutting by CEO of Mantra Group, Bob East. The official handover of Art Series from Will Deague, CEO Deague Group, was the final step in one of the biggest property portfolio acquisitions of the year. A true expression of the Art of Joyful Journeys, The Chen reflects the artist’s fun and relaxed persona. Introducing a new level of luxury accommodation, the hotel also celebrates the ethnic diversity of Box Hill, with Chen’s bold art representing his own transcultural identity. The art-inspired boutique hotel boasts 100 self-contained open-planned and apartment style suites, a rooftop pool with sundeck, gymnasium, plus conference and events facilities. Guests have the choice of two dining options, lashings of Chen artworks, in-house art libraries, and a dedicated art channel. For those keen to discover more about the hotel’s namesake, in-house art curators and advocates will offer free tours. The Chen850 Whitehorse RoadBox Hill VIC 3128Reservations: 03 9131 0200 artserieshotels.com.au/chen/About Zhong ChenA sense of adventure underpins the extraordinary story of Zhong Chen which usually begins at the moment he arrived from Zhongshan in Adelaide at the age of eighteen. In just six years the artist would graduate with Honours from the Adelaide School of Art and win the highly coveted Samstag award, a scholarship to the Chelsea School of Art in the UK. Although Zhong’s journey to Australia has been a crucial part of his identity, an understanding of his steadfast gravitation to art is also key to understanding this singular artistic project.Born in Zhongshan, China in the pre-boom era of 1969, Chen first discovered art through the lens of traditional Chinese calligraphy when, in the early eighties, his mother enrolled him in calligraphy lessons. A de-fining moment for the adolescent was a trip to Northern China to visit an international exhibition of contemporary Chinese calligraphy. It was from these experiences that the young artist decided to broaden his world and pursue art. When a plan to live in America was stymied by his grandfather’s concern about an uncle’s wayward habits, Zhong travelled to Australia. In 1989 he arrived in Adelaide to live with family friends who were also recently arrived immigrants. He first studied art in the TAFE adult education system and soon after proceeded to complete the Honours degree that would propel him to the Chelsea School of Art in London.Zhong Chen was also awarded two Australian Council grants to participate in residencies in New York in 2001 and 2006. He is a three-time Finalist in the Archibald Prize, Australia’s most prestigious portraiture prize and a finalist in the Wynne Prize for landscape as well and The Doug Moran Portrait Prize and the Sulman Prize. In 2009 Zhong was awarded the People’s Choice Award for the Portrait Salon Des Refuses Prize.
IMAGE: L-R – Executive VP & Chief Marketing Officer Mr. Sean Dee, Senior VP & Chief People Officer Ms. Ruthann Yamanaka, Mr. Ben Johnson, President & CEO Mr. Jeff Wagoner. (Photographer Jeff Chung)At the Outrigger Hospitality Group’s ‘The Outrigger Way’ annual awards ceremony held in Honolulu, Hawaii, Ben Johnson, Area Director of Sales and Marketing for Outrigger Fiji Beach Resort and Castaway Island, Fiji, was named ‘2018 Director of the Year – Sales and Marketing’.Well known for his distinctive beard, unique sense of humour and his infectious laugh, Ben joined Outrigger in November 2015, and it was his connection with key wholesalers, airline and industry partners, and his own team, that led to his nomination as an excellent ambassador for the two Fiji properties and the Outrigger Hospitality Group in general.Castaway Island General Manager, Mr. Steven Andrews said that the Outrigger Group and specifically Castaway Island were extremely lucky to have such a loyal and committed advocate and one who certainly deserves recognition for his dedication and hard work.“We have had our challenges in Fiji but Ben has established excellent relationships within the industry and works with them to deliver the best experiences for our guests. He is all about showing the world what Fiji has to offer,” he said.Outrigger Fiji Beach Resort’s acting resort General Manager, Mr. Russell Blaik, said that as a leader Ben was very accommodating and believed in the process of consultation and the soliciting of input from his team.“He encourages his team to freely share their thoughts and contribute towards discussions aimed at achieving growth,” Russell said.Chief Executive Officer and President, Mr. Jeff Wagoner, personally congratulated Ben and expressed his sincere gratitude for sharing the Outrigger vision and for providing outstanding leadership and inspiration to others.“Hosts like you are the foundation to the success of Outrigger, now and in the future,” Mr. Wagoner said. Castaway IslandhotelsOutrigger Fiji Beach ResortOutrigger Hospitality Groupresorts
How does he keep his composure and not let his frustration boil over? “I’m human. I know that my teammates look to me as a captain to be a leader,” Fitzgerald said. “It’s easy to be a leader when things are always going your way and you got a hundred yard games and a lot of wins and scoring touchdowns, it’s easy to lead. It’s much more difficult to lead when things aren’t going your way.”In 2010, he had 90 receptions and was targeted 174 times. He saw that number drop in 2011 to 80 receptions and 153 targets. In 2012, the numbers will likely decline again. With just four games remaining, Fitzgerald has just 56 receptions and has only been targeted 120 times during the first 12 weeks of play. “This has been a learning experience for me,” Fitzgerald stated. “Patience my dad use to always tell me that patience is a virtue and definitely my patience has been tested.”On Thursday Fitzgerald was asked about his ability to keep his composure this season as balls continuously sail wide and high throughout each and every game. He showed his leadership once again by turning the focus from himself to his team. Former Cardinals kicker Phil Dawson retires It’s been a tough season for the Arizona Cardinals. They got off to a hot start at 4-0 but have stalled ever since, losing eight straight games. If it’s been a challenge for the team, the fans and the organization, just imagine what it’s been like for perennial Pro-Bowl wide receiver Larry Fitzgerald. Since 2009, Fitzgerald has played with six different starting quarterbacks and he’s since seen his production and the amount of times he’s targeted drop each of the past couple seasons. Grace expects Greinke trade to have emotional impact Top Stories “I’m not the only one,” Fitzgerald said. “A lot of guys on this team are having to deal with the adversity that we’re having to face so I’m not in it by myself.”This weekend the Cardinals head to Seattle to face a Seahawks team that is 5-0 at home this season. It’s also a place that Fitzgerald said is the toughest place he’s ever played at any level. Arizona is going back to John Skelton and his 64.4 passer rating and 54.7 completion percentage to try and find Fitzgerald on the field and get the “W” they so desperately need. Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments Share
Top Stories The Cardinals currently hold the 24th overall selection in April’s draft, and some mock drafts have the Wisconsin Badger being Arizona’s choice at that spot. Derrick Hall satisfied with D-backs’ buying and selling Plenty of discussion has centered around the Arizona Cardinals and their rumored interest in Minnesota Vikings running back Adrian Peterson.But he may not be the only runner they (allegedly) like.RB Melvin Gordon is meeting with the #AZCardinals today. Lot of talk about Adrian Peterson. Gordon a younger, cheaper option.— Rand Getlin (@Rand_Getlin) March 16, 2015 Former Cardinals kicker Phil Dawson retires Comments Share Last season, as a junior, Gordon rushed for 2,587 yards and 29 touchdowns on 343 carries. He won the Doak Walker Award, which is given to the nation’s best running back, and was a unanimous All-American. Gordon measured in at 6-foot-3/4 and 215 pounds at his NFL Pro Day, and has been compared to Kansas City’s Jamaal Charles.He spoke with NFL Network and spoke about his improvement as a receiver as well as trying to be the first running back taken in the draft’s first round since 2012.“All we can do is come out here every day and when we have opportunities like this, make the best of them,” he said at his pro day. “And hopefully, a team, a GM, somebody, a position coach, someone can talk us up in the meeting room and they’ll take a chance on us.”Gordon noted how teams will look to fill their needs, and the Cardinals certainly could use the help after finishing last season with the 31st-ranked rushing offense in the NFL. Grace expects Greinke trade to have emotional impact
Top Stories Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo TEMPE, Ariz. – The chronicle of Shaquille Riddick would tell an interesting story.After graduated high school with an associate’s degree, he went to Gardner Webb, where he excelled. He graduated with a year of eligibility remaining, so he transferred to West Virginia. Where, again, he excelled. “This could not have worked out any better if I had had to write it up myself,” he said of his winding journey, which led to Arizona selecting him in the fifth round of the 2015 NFL Draft, 158th overall. While the NFL presents another step up in quality, Riddick says the Cardinals plan to use him as an outside linebacker. While he said he would be comfortable playing wherever the team wants him to, the 6-foot-6, 260-pound player added that rushing the quarterback from the edge is where he’s at his best.“I just feel like outside linebacker, I’ll be more of a bully compared to where I was with my hand in the ground, because at West Virginia I was in a 3-technique and a 4-technique playing against double-teams against the guards and the tackles and still holding my own,” he said. “So, when it comes to me standing up on the edge at Arizona, I’m going to be able to manhandle whoever I want to manhandle out there.”As the third defensive player picked by the team in the draft, following second-round choice Markus Golden out of Missouri and fourth-round selection Rodney Gunter out of Delaware State, it is hoped Riddick will develop into a player who can help Arizona get after the quarterback. For all the team’s defense did well last season, its 35 total sacks stuck out like a sore thumb, ranking just 24th in the NFL.Whether or not Riddick will be able to come in as a rookie and make an impact is anyone’s guess, but if nothing else, effort should not be an issue. Comments Share “I would just describe it as a relentless pursuit to the quarterback,” he said when asked to describe his pass rush ability. “I might not always get here on my first move or my second move, but I’m going to find my way to the ball.”Highlights: Give LB Shaq Riddick a follow > @Gods_Exertion98.You don’t want to get on his bad side.#CardsDraft | #AZCardinals pic.twitter.com/JpskC2qkGc— Arizona Cardinals (@AZCardinals) May 2, 2015 Last season, with the Mountaineers, Riddick collected 27 total tackles to go along with 11 tackles for loss, including seven sacks. The previous season he amassed 8.5 sacks, 19 tackles for loss and 17 QB hurries en route to being an FCS All-America selection at defensive end by eight different services. He also finished fifth in the voting for the Buck Buchanan Award, which is given annually to the best defensive player in FCS. He had more to prove, though.“I pretty much dominated FCS ball my junior year, and I graduated in three years, so I had the option to transfer without sitting out,” he said. “So that’s when I took that opportunity to play against the best.”Riddick noted that he had to step up his game and work on his technique in order to survive and make plays in the Big 12. The move helped him become a better player, and the 4.65 40-yard dash along with a 36-inch vertical jump and 3-cone drill of 6.8 seconds didn’t hurt his stock, either. But with just one year of experience against high-level competition, Riddick still remains a bit of an unknown. ProFootballFocus.com said his pass rushing productivity in conference play was the best in the Big 12 for 3-4 defensive ends in his class last season, so it is not as if he failed to make an impact against stiffer competition. Former Cardinals kicker Phil Dawson retires 5th round LB Shaq Riddick with the light up job.BANG!#CardsDraft Central: http://t.co/poyGvvwEtX#AZCardinals pic.twitter.com/dUhTGjqLj7— Arizona Cardinals (@AZCardinals) May 2, 2015 Derrick Hall satisfied with D-backs’ buying and selling
Grace expects Greinke trade to have emotional impact Prior to the Cardinals’ NFC Championship bout with the Carolina Panthers, they seemed to be very, very close to reaching the Super Bowl.Following a 49-15 loss in which they were barely competitive makes it appear they are actually pretty far away.The truth is, one game — no matter how bad it is — does not erase all the strides the organization has made in recent years, nor does it mean the Cardinals were not and are not one of the NFC’s best teams. The other thing the site points out the Cardinals should do is revamp the offensive line, which is likely to happen given the contract status of 3/5 of it, as center Lyle Sendlein, right guard Ted Larsen and right tackle Bobby Massie are all set to become free agents.At right guard, former first-round pick Jonathan Cooper (61.6) began the year as the starter, but Ted Larsen (37.2) took over after Cooper went down with injury, and Cooper was later unable to win the starting job back. By our numbers, Cooper was far better, but the Cardinals preferred Larsen, and Cooper still has a long way to go before he’s an asset. Similarly, A.Q. Shipley (73.6) was brought in to potentially take over the center job from Lyle Sendlein (48.8). Sendlein remained the starter all year, despite Shipley grading better in recent seasons. At right tackle, Bobby Massie (46.3) remained the starter, even though first-round pick D.J. Humphries could have potentially done a better job.It is pointed out that one free agent who could interest the Cardinals along the line is guard Michael Harris, who was with the Minnesota Vikings.If there is something to take from this analysis it is that while the Cardinals have some needs, there figure to be options in order to satiate them. Furthermore, while there is little doubt it would be nice to upgrade the roster at these positions — possibly with some of the players listed — the team did just win 13 games and isn’t in need of a roster overhaul. Baltimore Ravens quarterback Matt Schaub (8) is sacked by Miami Dolphins defensive end Olivier Vernon (50), during the second half of an NFL football game, Sunday, Dec. 6, 2015, in Miami Gardens, Fla. (AP Photo/Wilfredo Lee) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo That’s essentially the way PFF sees it, too, pointing out how the risk of injury or retirement is likely to hurt them more than any talent deficiencies they may have. Having a roster with few holes should make it easier to find the right talent, which is imperative now more than ever.Their current window of opportunity will only stay open as long as Carson Palmer is still on the roster, but those days are limited. The Cardinals need to make a Super Bowl in 2016-17, or risk missing their opportunity. Top Stories What it does mean, though, is there is still work to do if they are to reach and possibly win a Super Bowl, and the folks over at ProFootballFocus.com put together a list of three things the Cardinals should do in order to ensure they are back in the playoffs competing for a Lombardi Trophy next year.The first thing they note is re-investing in the team’s building blocks.While most teams have a list of free agents they would love to re-sign, the Cardinals could lose all of their unrestricted free agents and not be much worse off. The only players with an overall grade above 70.0 (1–100 scale) that they could lose are starting safety, Rashad Johnson (70.2), and situational pass rusher, Dwight Freeney (74.6). Both are above the age of 30, so even if they are re-signed, a replacement will need to be found soon enough. Even though giving current Cardinals contracts isn’t an immediate need, there are still players worth giving new contacts to.The Cardinals are slated to have a number of players reach free agency, some of whom are starters or played key roles this past season. There has already been discussion about the team wanting to extend the contract of safety Tyrann Mathieu, even though his deal is not up until after the 2016 season, and PFF points out Michael Floyd and Calais Campbell, both of whom are important pieces, could warrant new contracts. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share Former Cardinals kicker Phil Dawson retires But in terms of what the Cardinals need to add to the roster that wasn’t already on it, the first thing they mention is something Cardinals GM Steve Keim talked about when giving his own thoughts on where the team would like to improve, and that is improving the pass rush.The men that should be at the top of the Cardinals’ wish list are Von Miller (92.9) and Olivier Vernon (92.2). While everyone knows how good Miller is, many missed Vernon’s average of one sack, three hits, and three hurries per game over the second half of the season. Either could help Arizona go from a great defense to an elite one.Other less expensive options include Robert Ayers (88.5), William Hayes (85.8), and Derrick Shelby (82.9). Ayers had double-digit sacks, hits, and hurries, despite missing a quarter of the season. Hayes had the sixth-highest pass rushing productivity for a 4-3 defensive end, and Shelby reached 40 pressures while being one of the better 4-3 defensive ends against the run. Big names Greg Hardy, Jason Pierre-Paul, and Aldon Smith are also available, although they all come with different issues, and none of them were as productive as the previously mentioned players. Any of them would help in the area the Cardinals have struggled with the most on defense.Elite pass rushers are expensive, and if the Cardinals are to land one of the better ones available they will have to pay a hefty salary. Then again, after finishing tied for 20th in the NFL with 36 sacks — and knowing that Freeney, who led the team with eight, might not return — there may be a good amount of motivation to dedicate a good chunk of cap space to improving a position of need.
Arizona Cardinals quarterback Carson Palmer (3) throws under pressure from Dallas Cowboys defensive end Tyrone Crawford during the second half of an NFL football game, Monday, Sept. 25, 2017, in Glendale, Ariz. (AP Photo/Ross D. Franklin) Top Stories Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo PHOENIX — The Cardinals lost their home opener to the Cowboys, but up next is the San Francisco 49ers at University of Phoenix Stadium in their first divisional matchup of the 2017 campaign.This week’s game between the Cardinals and 49ers is the 52nd all-time meeting between the two teams in a series that dates back to 1951. It also represents the 31st meeting between Arizona and San Francisco since division realignment in 2002. If he can stay healthy he’ll be the bell cow in the 49ers offense for years to come; a dual threat with rushing and receiving skills. Both tackles Joe Staley and Trent Brown are playing well protecting the edges.— Wide receiver Pierre Garcon had seven catches for 142 yards in Week 3, sixth highest single-game total of his career. He has a receiving touchdown in two of three career games vs. Arizona. Since 2013, he ranks seventh in the NFL with 348 catches.— Defensive end DeForest Buckner had five tackles and a forced fumble last week. He has sack in one career meeting. Arik Armstead aims for three in row on the road with a sack.The Niners’ have done a nice drafting three defensive linemen in the first rounds within the last three years. Armstead, Buckner and Solomon Thomas should be a force to be reckoned with over several years.— Linebacker NaVorro Bowman has 27 tackles (nine per game), a forced fumble and a fumble recovery in the past three games vs. Arizona. He Aims for five games in a row with at least seven tackles.He’s a warrior in the middle of the Niners’ defense, leader and a thumper, but injuries have slowed him down. It’s essential the Cardinals linemen get to the second layer. 7 Comments Share — Linebacker Chandler Jones has seven sacks & passes deflected in the past five games. He added two sacks in last meeting and in the past four games against divisional opponents has six sacks and two forced forced fumbles.Jones needs to be more consistent through four quarters. He does show flashes at times but needs more impact plays on defense.— Linebacker Markus Golden aims for his third game with two sacks against the division. He has 12 tackles and two sacks in past two meetings.He’s been disruptive creating pressure on the quarterbacks, unfortunately he hasn’t filled out the stat sheet but is close.— Cornerback Patrick Peterson has three interceptions, including an interception returned for a touchdown, and eight passes deflected, in past three meetings.Peterson has been excellent to start the season, covering the No. 1 wide receivers with great cover skills. Justin Bethel has been up and down thus far, while the Cardinals have only forced two turnovers on defense. Bethel had a pick-six in Week 1, and Tyrann Mathieu had the interception in overtime vs. the Indianapolis Colts.— Safety Tyrann Mathieu has three interceptions and 21 tackles. In the last eight home games against divisional foes, he has four interceptions. Beside the interception to secure the win against the Colts, Mathieu hasn’t been as effective playing in the slot and getting to the quarterback, but there is still plenty of time to make an impact this year. — Safety Tyvon Branch led team with 11 tackles in Week 3. He has 27 tackles (nine per game) in his last three games.You could make the case he’s been the defense’s MVP through three games, finally healthy after being placed on injured reserve the last two years. Also, Branch took a pay cut to stay in Arizona.San Francisco 49ers— Quarterback Brian Hoyer had 332 yards and three scores (2 pass, 1 rush) last week, his 10th career game with 300 or more yards. In his past eight games against the NFC, he has 10 touchdowns and four interceptions for a 90.9 quarterback rating.Hoyer isn’t a franchise quarterback, but he’s carved out a nice career. He’s very competitive and has the ability to throw the ball down the field with a couple of new weapons on the outside in Pierre Garcon and Marquise Goodwin.— Running back Carlos Hyde rushed for 84 yards and two scores last week, his 4th career multi-touchdown game. He ranks third in the NFL with 253 rush yards. He has eight touchdowns (seven rush, one rec.) in the past seven games vs. the NFC West. He had 114 scrimmage yards (78 rush, 36 rec.) and a rushing touchdown in the 10/6/16 meeting and aims for his fourth game in row with 75 or more scrimmage yards. — Linebacker Elvis Dumervil has 99 career sacks, 3rd most among active players. He doesn’t get talked about enough and they must put a hat on him at all times.Some of the numbers are courtesy of NFL Media and the Arizona Cardinals. Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact The 49ers hold a 17-13 advantage in the series, but Arizona has won four straight and five of the last six.Arizona Cardinals— Quarterback Carson Palmer passed for 325 yards and two touchdowns for a 94.5 quarterback rating last week. In three career home meetings, Palmer is averaging 364.4 pass yards per game.Through three games, no quarterback has taken more hits (27) than Palmer. When sacked four times or more he’s 1-9-1 with the Cardinals.For the third time this year, the Cardinals will have their third offensive line combination vs. the 49ers.— Running back Andre Ellington has scored in two of the last three games when rushing 10 or more times at home against the division.Although Chris Johnson is slated to start, Ellington will still be a factor, both on the ground and through the air.— Wide receiver Larry Fitzgerald led the team with 13 catches for 149 yards and a touchdown last week. In 13 career home meetings, he has 89 receptions for 1,206 yards (92.8 per game) and eight touchdowns. He also has 14,633 career receiving yards, surpassing Hall of Famer Marvin Harrison (14,580) for the eighth most all-time.Fitzgerald is getting more opportunities down the field; I’ll take my chances with Fitz on those 50-50 balls, all day.
Kevin Streelman, left, and Larry Fitzgerald, right, look over the second green of the Pebble Beach Golf Links during the final round of the AT&T Pebble Beach National Pro-Am golf tournament Sunday, Feb. 11, 2018, in Pebble Beach, Calif. (AP Photo/Eric Risberg) .@LarryFitzgerald & @Streels54 win AT&T Pebble Beach Pro-Am team title. pic.twitter.com/5oR3A90YJ7— Mike Jurecki (@mikejurecki) February 11, 2018Arizona Cardinals receiver Larry Fitzgerald became the first African-American amateur to win the Pebble Beach Pro-Am in the 81-year history of the event.He and partner Kevin Streelman held the lead after every round of the event, which ended Sunday in Pebble Beach, Calif. Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Fitzgerald entered the pro-am with a 13 handicap. He is the first professional athlete to win the amateur event since quarterback Dan Marino took home the title in 1988. Only five other pro athletes have won: Lefty O’Doul (1949), Albie Pearson (1963), John Brodie (1970), Jacky Lee (1975) and George Brett (1987).The 34-year-old Fitzgerald continued his strong play throughout the weekend after starting strong playing alongside Streelman, who compete with one another at Whisper Rock Golf Club in Scottsdale.Related: Fitzgerald says retirement choice will come soon“I’m glad you carried your own weight, one time, man,” Fitzgerald told Streelman during the trophy presentation on TV. “I’m going to keep the original, then I’m going to give him one made that he can put in his house next to all his other trophies.”The duo finished with a huge seven-shot lead over the second-place team with a 12-under in their final round.Now that he’s not distracted with more important things, Fitzgerald can maybe make his decision on whether he will return to play for the Cardinals in 2018. 5 Comments Share