Prof Annoucements July 15, 2009

→   SecondMarket Launches Marketplace for California Government IOUs
Platform Will Also Enable Trading of Other Government IOUs -- SecondMarket,Mark Murphy,New York Ny  07/15/2009



→   Winthrop Realty Trust Sells Portion of First Mortgage Loan, Restructures Marc Realty Transaction, and Repurchases Additional Series B-1 Preferred Shares
Winthrop Realty Trust (NYSE: FUR) announced today that it has sold to an unaffiliated third party a $35,000,000 9.75% A Note for par with respect to the recently acquired $73,795,919 first mortgage loan, which has a $50,000,000 discounted payoff option, secured by a 19 story, 289,000 square foot office building located at 160 Spear Street, San Francisco, California. As a result of the sale of the A Note, the Company's total current remaining investment in this loan has been reduced to $3,500,000. The Company retains its obligation to fund a separate $4,800,000 15% mezzanine loan ($600,000 per quarter for the next 8 quarters). -- Winthrop Realty Trust,Beverly Bergman,Boston Ma  07/15/2009



→   SORRENTO CAPITAL ACQUIRES REO.COM
Investment firm adds leading technology and service provider to its portfolio of loss mitigation and consumer debt-focused companies -- Sorrento Capital,Jeri Yoshida,Irvine Ca  07/15/2009



→   Final Expiration Date for Offer for RMBS Securities Insured by Syncora Guarantee Inc. Extended to July 15, 2009; Results of Offer as of July 14, 2009
The BCP Voyager Master Funds SPC, Ltd., acting on behalf of and for the account of, the Distressed Opportunities Master Segregated Portfolio (the "Fund"), today announced that it has extended the expiration date of the Fund's offer for 55 classes of residential mortgage backed securities ("RMBS") insured by Syncora Guarantee Inc. ("Syncora Guarantee") to 10:00 a.m., New York City time, on Wednesday, July 15, 2009. The offer will expire at that time, unless extended. -- Syncora Guarantee Inc.; Syncora Holdings Ltd.,Michael Gormley of Syncora,New York Ny  07/15/2009



→   GMAC Financial Services Declares Final Monthly Distribution Date for Superior Wholesale Inventory Financing Trust X
GMAC Financial Services today announced that the final monthly distribution date for Superior Wholesale Inventory Financing Trust X (SWIFT X) will occur on July 15, 2009. This will result in a termination of all of the outstanding SWIFT X Floating Rate Asset-Backed Class A, Class B and Class C Term Notes, Series 2004-A (Term Notes). -- GMAC Financial Services,Gina Proia,Detroit Mi  07/14/2009



→   Michael Scott Joins Miller Buckfire
Former SEC and Treasury Official to Head New U.S. Government Advisory Practice -- Miller Buckfire & Co., LLC,Pen Pendleton,New York Ny  07/14/2009



→   Federated Investors, Inc. to Advise on Multi-billion Dollar Portfolio for Bayerische Landesbank
- Mandate builds on Federated's demonstrated ability to realize value for clients within their structured product portfolios -- Federated Investors, Inc.,Meghan McAndrew,Pittsburgh Pa  07/14/2009



→   Dugout Debt
Minor-league baseball fans and players chat about debt in a new on-line clip -- Securian Financial Group,Maggie Jensen,St Paul Mn  07/14/2009



→   Appraisal Institute Applauds Freddie Mac`s Revised Guidelines
Hails New Emphasis on Hiring Qualified, Experienced Appraisers -- Appraisal Institute,Ken Chitester,   07/14/2009



→   Genworth Financial Simplifies the Process of Purchasing Affordable Long Term Care Insurance for Virginia AARP Members
Long term care costs in Virginia continue to rise at a rate outpacing inflation, putting significant financial pressure on those in or near retirement. As a leader in the long term care insurance industry, Genworth offers a suite of insurance products to help people proactively plan for their future. Now, AARP® members that reside in Virginia can take advantage of a new program designed to simplify the process of purchasing affordable long term care insurance. -- Genworth Financial Inc.,Yokima Cureton,Richmond Va  07/14/2009



→   SilverLeaf Financial Acquires 321 Single-Family Mortgages from Loans Originated by GMAC
SilverLeaf Financial's CEO, Shane Baldwin, speaks about the firm's most recent loan pool acquisitions -- SilverLeaf Financial,Campbell Dosch,Salt Lake City Ut  07/14/2009



→   First American Outsourcing and Technology Solutions Adds Home Affordability Modification Program Support Features to its Loss Mitigation Platform
- VendorScape(TM) Enhancements Include Modification Decisioning and Reporting Tools, Plus Integrated Online Borrower Portal to Help Servicers Accelerate Loan Modifications - -- First American Family of Companies,Carrie Gaska,Dallas Tx  07/14/2009



→   FirstMerit Appoints Richardson as North Coast Regional Commercial Banking Executive
FirstMerit Corporation (NASDAQ:FMER) announces the hiring of Sean P. Richardson as North Coast Regional Commercial Banking Executive. Prior to joining FirstMerit, he held the position of Executive Vice President and Managing Director of Corporate Banking Middle Market Northcoast - East Team for National City Corporation. -- FirstMerit Online,Rob Townsend,Akron Oh  07/14/2009



→   Genworth Financial Says Number of Loans Eligible for MI Modification Will Jump Under New Guidelines for Making Home Affordable Program Refinancing
Genworth Financial, Inc. (NYSE:GNW) said today that the recent decision by the Obama Administration to expand eligibility for its Making Home Affordable program will make an estimated 44% additional loans covered by its U.S. mortgage insurance business eligible for modification in connection with the borrower's refinancing. In all, nearly 530,000 loans will be eligible for modification. -- Genworth Financial Inc.,Terry Souers,Raleigh Nc  07/14/2009



→   Governor Signs Bill to Revitalize Florida`s Economy
When the housing crisis hit last year, Florida was one of the leaders in the number of home foreclosures in the country. As the bottom fell out of the state's real estate market, other industries soon followed, bringing down the rest of Florida's economy with it. -- Snell Legal,System Admin,Miami Fl  07/14/2009



→   U.S. HOUSE PRICES UP 1.6% IN MAY ACCORDING TO IAS360 HOUSE PRICE INDEX
Northeast Leads The Way As All Four U.S. Census Regions Report Gains -- John Burns Real Estate Consulting,Dan Mahoney,Denver Co  07/14/2009



→   Mortgage Brokers Network has grown to working with 12 mortgage net branch companies and 3 charter banks!
Mortgage Brokers Network also offers services in mortgage lead generation, processing services with NAMP, technology service with companies like Mortgage Dashboard, LoanSifter and others. Mortgage Brokers Network also offers website services through "It's My Web". If you are looking for a service in the mortgage industry or have a service you would like to offer Mortgage Brokers Network, check them out today! -- Mortgage Brokers Network,Gary Lacey,Olney Illinois  07/14/2009



→   Sterling Technology Solutions Launches TouchPoint Loss Mitigation System
Company releases the industry’s most advanced new technology solution to simplify loan modifications and all other home retention strategies -- Sterling Technology Solutions,Marketing Department,Altamonte Springs Fl  07/14/2009



→   Coreland Companies Adds Two Industry Veterans and Promotes Others In Brokerage Division
TUSTIN, CALIF. - Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today it has significantly enhanced its Brokerage division to oversee the firm's continued growth in the retail and office market sectors. David T. Girty, a 20+ year veteran of the commercial real estate industry in Orange County and most recently a Senior Vice President with Grubb & Ellis, joins Coreland as Director, Office Brokerage, while Matthew Hammond, a retail specialist and 11-year veteran at Coreland, is promoted to the role of Director, Retail Brokerage. Additionally, former Leasing Director of Red Mountain Retail Group, Benjamin Terry, joins Coreland as Senior Associate, Retail Brokerage. Bryan Bauer, entering his sixth year with Coreland's Retail Brokerage team, is promoted to Senior Associate, Retail Brokerage. -- Coreland Companies,Anne Monaghan,Tustin CA  07/13/2009



→   Banking Department Wins Court Case Against Internet Payday Lender
Commonwealth Court Rules PA Law Applies to Out-of-State Companies -- Offical Pennsylvania State Police Web Site,Ed Novak,Harrisburg Pa  07/13/2009



→   New partnership between Mortgagebot and Harland Financial Services
Mortgagebot® LLC is pleased to announce the expansion of its preferred referral alliance with Lake Mary, Fla.-based Harland Financial Solutions, Inc., an industry-leading supplier of software and services to thousands of financial institutions of all sizes. The expanded agreement enables Harland Financial Solutions to offer its clients the complete, multi-channel Mortgagebot PowerSite® point-of-sale (POS) platform. -- MortgageBot LLC,Robert Brandt,Cedarburg Wisconsin  07/13/2009



→   Reverse Mortgage Adviser Verifies Homeowners Using TARGUSinfo
Free Online Service Helps Link Eligible Seniors Seeking Reverse Mortgages with Leading Lenders Looking for Contactable Borrowers -- TARGUSinfo,Rufus Manning,Vienna Va  07/13/2009



→   Gordon Atlantic Development Corporation works with Mt. Zion African Methodist Episcopal Church to Develop Next Generation East Harlem Medical Center with Aim to Reduce Healthcare Disparities
Gordon Atlantic Development Corporation, led by Dr. William Hyatt Gordon, LEED-AP, has worked closely with its client, The Mount Zion African Methodist Episcopal (AME) Church, represented by Reverend Jo-An Owings to develop 8,000 SF of next-generation medical space in a proposed two (2) story addition that is planned to be a United States Green Building Council - Leadership in Energy and Environmental Design (USGBC-LEED) certifiable-space. Liro Architects & Planners has provided architectural services, under the direction of Mr. Murray Levi, AIA, LEED-AP. Ms. Carol Ann Flint of Besen & Associates is the exclusive agent marketing the proposed 8,000 SF of medical space, which the developer will build to suit and/or subdivide. The site is located at 1765 Madison Avenue, New York, New York, 10029, or on the Southeast corner of the intersection of 116th Street and Madison Avenue. There are 1,734 hospital beds within a 1.5 mile radius. These facilities include the Metropolitan Hospital Center, Mount Sinai Hospital, and North General Hospital. The site is located within Community Board 11, and at any given time 73% of residents, or approximately 78,913 have some type of insurance. Within Community Board 11, over 44% of the residents or approximately, 47,564 individuals receive Medicaid. -- Gordon Atlantic Development Corporation,Gordon Atlantic,New York Ny  07/13/2009



→   Credit Answers, A Leading Provider In Debt Settlement, Launches A Loan Modification Division
Today, July 13, 2009, 6 hours ago -- Credit Answers,Bill Loughborough,Plano Tx  07/13/2009



→   Is Your Community Bank Prudent?
Investing With Wise Community Banks – in Good Times and Bad – Isn’t Just Safe But Smart -- First National Bank of Pasco,Karla Jo Helms,Tampa Fl  07/13/2009



→   Huntington Investment Company Adds Four Representatives to Its Columbus Team
Part of a Planned Companywide Expansion of Investment Representatives -- Huntington Bancshares,Maureen Brown,Columbus Oh  07/13/2009



→   Deluxe Corporation Selects ID Analytics to Bolster Fraud Detection and Compliance Programs
ID Analytics for Compliance(TM) Delivers Detection and Automated Resolution of Red Flags -- ID Analytics, Inc.,Scott Love,San Diego Ca  07/13/2009



→   Consumers Feeling the Pinch of New Banking Fees
CEEL Reminds Consumers to 'Read Fine Print,' Releases Survey Showcasing Overwhelming Need for More Economic and Financial Education -- Center for Economic and Entrepreneurial Literacy,Allison Miller,Washington Dc  07/13/2009



→   POF - Escrow and Investment Transaction Deposit
CASH DEPOSITS INTO ESCROW -- Offshore Trading Platform,Reginald Ollison,Raleigh NC  07/13/2009



→   $50,000 Offshore Trading Platform
To achieve the above we offer: -- Offshore Trading Platform,Reginald Ollison,Raleigh NC  07/13/2009



→   Proof of Funds
Proof of funds supporting a commitment to fund your transaction. Some common uses of the service are the following: -- Atlantic Equity Partners LLC.,Reginald Ollison,Raleigh NC  07/13/2009



→   Block Escrow, Bank Account, MT760, Providing Evidence of Proof of Funds
PROOF OF FUNDS SERVICE -- Offshore Trading Platform,Reginald Ollison,Raleigh NC  07/12/2009



→   Pfx Now also Provides Global Travel and Medical Insurance services, visit our site www.worldcitizenmedical.site50.net for more information
-- Pfx,Pfxonline,New York Ny  07/11/2009



→   The Huntington Investment Company Launches a New Independent Advisor Channel
A 27-Year Investment Veteran Will Lead the New Unit -- Huntington Bancshares,Jay Gould,Columbus Oh  07/10/2009



→   Housing Assist Builds the Bridge Between Homeowners and Banks for Successful Short Sales
Banks expect a recovery from the housing debacle, while cooperating with companies that are qualified in assisting homeowners short sale -- Housing Assist of America,Ardy Afshar,Los Angeles Ca  07/10/2009



→   Southwest Side Community Announces Partnership With Bank of America to Keep Families in Homes
Commitment to "Restore Health" to Southwest Community Comes After Two Hundred Community Residents Rally Outside St. Rita Church -- Southwest Organizing Project,Jeff Bartow,Chicago Il  07/10/2009



→   American Classifieds Sued for Discriminating Against Families With Children
National Fair Housing Alliance Investigation Uncovers Advertisements Discriminating Against Families with Children, Other Protected Groups in 17 States -- National Fair Housing Alliance,Deidre Swesnik,Washington Dc  07/10/2009



→   Premier Reverse Closings Helps to Save Borrower From Foreclosure in a Record Seven Days
Premier Reverse Closings (PRC), divisions of National Closing Solutions and Placer Title, along with Lend America and Generation Mortgage, recently saved a borrower from the brink of foreclosure with a reverse mortgage that closed in a record seven days from the opening of the title and settlement order. -- Premier Reverse Closings,Heather Moulden,Rocklin Ca  07/09/2009



→   Pelosi Statement on Legislation to Strengthen Consumer Protections in Financial Regulation
Speaker Nancy Pelosi issued the following statement on legislation introduced today by House Financial Services Committee Chairman Barney Frank to formally implement President Obama's plan to strengthen consumer protections as a part of a broader financial regulatory restructuring. -- Office of the Speaker of the House,Brendan Daly,Washington Dc  07/09/2009



→   New Affordability Shapes Housing Markets
Realtor.com Survey Examines Affordability, Foreclosures, and Refinancing -- Century 21 Top Producer,Tony Sadler,Los Angeles Ca  07/09/2009



→   Couple Raffles $3 Million Waterfront Estate for $10
A South Florida couple has teamed up with a local charity to raffle off their $3 million waterfront estate in Ft. Lauderdale for just $10 per ticket. -- floridaluxuryauctions.com,Miles Brannan,Ft Lauderdale Fl  07/09/2009



→   Shore Mortgage to Hire 100 More Employees
Michigan-Based, Shore Mortgage, one of the country's Leading FHA and conventional home lenders, is seeking to grow company's team and to highlight employee benefits -- Shore Mortgage,Angie Bournias f,Birmingham Mi  07/09/2009



→   MBA Reports Government-Insured Share of Mortgage Applications Highest Since 1990, Now at 36 Percent
The government-insured (FHA and VA loans) share of mortgage applications was 35.9 percent in June 2009, the highest level since November 1990, according to the Mortgage Bankers Association. -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia  07/09/2009



→   Marathon Asset Management Pre-Qualified as a Legacy Securities Public-Private Fund Manager
Marathon Asset Management, L.P. ("Marathon") is delighted to announce its pre-qualification as a Legacy Securities Public-Private Investment Program ("PPIP") Fund Manager by the United States Department of the Treasury. The U.S. Treasury is expected to invest equity capital in the Public-Private Investment Fund ("PPIF") expected to be managed by Marathon, whereby the Treasury would also provide long-term debt financing for the PPIF for the purpose of investing in legacy securities, including residential mortgage backed securities. -- Marathon Asset Management,Justin Dini,New York Ny  07/08/2009



→   Freddie Mac YouTube(TM) Video Shows Delinquent Borrowers How to Make More Effective Phone Calls to Servicers
New Video Shows Which Documents Can Help Reduce Repeat Calls To Servicers -- Freddie Mac,Brad German,Mclean Va  07/08/2009



→   Huntington Grants Shares to Blakely
Huntington Bancshares Incorporated (NASDAQ:HBAN) today announced that Kevin Blakely commenced his role as the new Chief Risk Officer, effective July 8, 2009. In accordance with NASDAQ rules, Huntington also announced that it has issued to Mr. Blakely, on July 8, 2009, an inducement award consisting of a restricted stock award for 40,000 shares of Huntington common stock that vests on the second anniversary of the date of grant, subject to Mr. Blakely's continued employment with Huntington through the vesting date. The restricted stock award was approved by the Huntington Board's compensation committee without shareholder approval as an "employee inducement" award under the NASDAQ rules. -- Huntington Bancshares,Jay Gould,Columbus Oh  07/08/2009



→   Brandywine Realty Trust Closes $60 Million Mortgage Loan
Brandywine Realty Trust (NYSE:BDN) , a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a $60 million first mortgage financing on One Logan Square, a previously unencumbered, 594,361 square foot, 99% leased, class A, office tower in Philadelphia, PA. The loan was provided by PB Capital Corporation and features a floating rate of LIBOR plus 350 basis points (subject to a LIBOR floor) and a seven-year term with three years interest only followed by a thirty-year amortization schedule at a 7.5% rate. The net proceeds were used for general corporate purposes including the repayment of existing indebtedness. -- Brandywine Realty Trust,Marge Boccuti,Radnor Pa  07/08/2009



→   Western Asset Management and The RLJ Companies, LLC Creates New Entity to Manage PPIP Assets
Western Asset Management, the fixed income affiliate of Legg Mason, Inc. (NYSE:LM) and The RLJ Companies, the holding company owned by Robert L. Johnson, today announced the creation of a new minority-owned entity that has been selected as a pre-qualified fund manager in the U.S. Department of the Treasury's Public-Private Investment Program (PPIP). -- Legg Mason,Mary Athridge,Pasadena Ca  07/08/2009



→   PERSON OF THE WEEK: Atare E. Agbamu And FHA Mortgagee Letter 2008-38
Within the reverse mortgage sector, the Federal Housing Administration (FHA) Mortgagee Letter 2008-38 (ML-08-38) has created a lot of talk - and a great deal of that palaver is not supportive. This week, MortgageOrb speaks with Atare E. Agbamu, director of reverse mortgages at Minneapolis-based AdvisorNet Mortgage LLC and author of the book "Think Reverse!" (The Mortgage Press, 2008), to discuss the controversy created by this document -- Credo Mortgage,Atare Agbamu,Erlanger Kentucky  07/08/2009



→   Mortgage Applications Increase in Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 3, 2009, which was a shortened week due to the Independence Day holiday. This week's results include an adjustment to account for the holiday. The Market Composite Index, a measure of mortgage loan application volume, was 493.1, an increase of 10.9 percent on a seasonally adjusted basis from 444.8 one week earlier. On an unadjusted basis, the Index decreased 0.5 percent compared with the previous week and increased 7.2 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  07/08/2009



→   ModPilot Guides Homeowners to Successful Do-It-Yourself Loan Modifications
All over America, homeowners continue to struggle with their mortgage payments. Even those who haven't lost jobs are finding themselves upside-down, owing more than their homes are worth. In some of the hardest-hit parts of the country, home values have dropped to 50% of what homeowners owe. Most Americans are stuck with a payment too high to afford, with no way to sell their homes without resorting to short sales. -- ModPilot Inc.,Matthew Smith,Oceanside Ca  07/08/2009



→   One of the largest US banks chose Pricing Partners for the second valuation
This bank, which wished to remain anonymous, decided to innovate in terms of its transparency and proximity with its clients. With this action, this bank has become a pioneer bank in responsible finance by offering access to an independent valuation on its OTC derivative products. -- Pricing Partners,Eric Benhamou,Paris Paris  07/08/2009



→   MGIC Investment Corporation Amends Shareholder Rights Agreement
Amended Agreement is Structured to Preserve Value of Net Operating Losses -- Understanding Private Mortgage Insurance,Sal Miosi,Milwaukee Wi  07/07/2009



→   RBC Capital Markets Becomes Primary Dealer
RBC Capital Markets today announced that it has been designated a primary dealer by the Federal Reserve Bank of New York, effective tomorrow, July 8, 2009. -- RBC Capital Markets,Kevin Foster,New York Ny  07/07/2009



→   Post Investment Group Closes Another Multi-Family Acquisition
Post Investment Group, a Los Angeles-based opportunistic real estate investment company, today announced their second multi-family purchase in as many weeks as the firm continues to expand their acquisition program. The latest transaction was purchased from Denver-based AIMCO (NYSE:AIV) ; the purchase price was not disclosed. -- Post Investment Group Inc.,Jack Ehrman,Carrollton Tx  07/07/2009



→   Christopher Del Moral-Niles Nominated as President of First American Trust, FSB
The First American Corporation (NYSE:FAF) , America's largest provider of business information, today announced that Christopher Del Moral-Niles has been nominated to serve as president of First American Trust, FSB. Niles, who had previously served as treasurer for The First American Corporation, is expected to assume his new duties effective October 1, 2009. -- First American Family of Companies,Media Carrie Gaska,Santa Ana Ca  07/07/2009



→   Campaign Finance Watchdog Blasts Financial Trade Associations` Efforts as `Campaign to Protect Pure Greed`
Trade associations on pace to spend tens of millions to stop proposed Consumer Financial Protection Agency -- Public Campaign Action Fund,Rick Bielke,Washington Dc  07/07/2009



→   Huntington Bank Wins 9th National Award for Outstanding Service to Companies
Surveys of Businesses Ranging in Size from $1 Million in Revenues to $500 Million Give Huntington Their Highest Ratings -- Huntington Bancshares Incorporated,Jay Gould,Columbus Oh  07/07/2009



→   Lodgian Provides Further Update on Remaining Maturing Mortgage Debt
Obtains 30-day extension on mortgage pool, continues negotiations for longer-term solution -- Lodgian, Inc.,Debi Ethridge,Atlanta Ga  07/07/2009



→   Consumer Assistance Needed to Help Fight Identity Theft
Deadlines approach for businesses to meet identity theft consumer protection laws. -- Privacy News and Review,Tom Considine and Associates,Boston Ma  07/07/2009



→   WEICHERT CORPORATE HOUSING RANKS FIRST AMONG THE MOST UTILIZED TEMPORARY HOUSING PROVIDERS IN NATIONAL SURVEY
Weichert Corporate Housing ranked first among the top five most utilized national providers for “Overall Satisfaction” in the seventh annual Relocation Manager’s Survey on temporary housing conducted by Trippel Survey and Research. -- Weichert, Realtors,Mrdsalvato,Morris Plains Nj  07/07/2009



→   Free Educational Conference on the Economy and Homeownership Supported by Powerhouse Trio
Orlando Magic's Pat Williams on stage with frequent Dr. Phil and Mad Money guests, Loral Langemeier and Harry Dent - all three to speak on economic crisis and financial recovery. -- The Homeowners Conference,Patrick Nolan The Homeowners Confer,Tampa Fl  07/06/2009



→   Hanley Investment Group Sells Single-Tenant NNN Fresh & Easy Neighborhood Market for $2,475,000
Single-Tenant NNN Grocery Store Trades Hands to All Cash Buyer in 20-Day Close -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,Irvine Ca  07/06/2009



→   Pricing Partners announced today a remarkable improvement on its independent valuation internet platform
Paris-London: Pricing Partners www.pricingpartners.com, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today a remarkable improvement on its independent valuation internet platform in order to price more accurately TEC10® and EONIA specific products. -- Pricing Partners,Eric Benhamou, Pricing Partner,   07/03/2009



→   Prommis Solutions and Radian Partner on Loss Mitigation Program
Mortgage solutions providers team up, help homeowners keep foreclosure at bay -- Prommis Solutions,Meredith Boyd,Atlanta Ga  07/02/2009



→   Impac Mortgage Holdings, Inc. Announces Clarification on Offer to Purchase and Consent Solicitation
Impac Mortgage Holdings, Inc. (Pink Sheets: IMPM), a Maryland corporation, or the "Company," as a result of the completion of the Offer to Purchase and Consent Solicitation for its 9.375% Series B Cumulative Redeemable Preferred Stock (Pink Sheets: IMPHP) and 9.125% Series C Cumulative Redeemable Preferred Stock (Pink Sheets: IMPHO), the Company wants to confirm that consistent therewith, the two accumulated dividend payments are being paid to all preferred shareholders who held the stock as of the close of the Offer to Purchase and Consent Solicitation on June 29, 2009. -- Impac Mortgage Holdings, Inc.,Justin Moisio, Ca  07/02/2009



→   Thomson Reuters Releases Q2 2009 Global Investment Banking Reviews
Thomson Reuters has released the final Q2 2009 global reviews for mergers & acquisitions and capital markets activity. -- Thomson Reuters,Clare Arber,London Uk  07/02/2009



→   OHIO HOUSING FINANCE AGENCY AWARDS OVER $26 MILLION IN TAX CREDITS FOR AFFORDABLE HOUSING IN OHIO
Program to Assist Rental Housing Developments in 18 Counties -- Ohio Housing Finance Agency,Erin Biehl, Oh  07/02/2009



→   Lodgian Provides Update on Maturing Mortgage Debt
- Obtains extensions until 2010 and 2012 on two mortgage pools - - Continues negotiations on third mortgage pool - - Provides update on Holiday Inn Phoenix West property - -- Lodgian, Inc.,Debi Ethridge, Ga  07/02/2009



→   As today`s economic environment puts pressure on older homeowners to find new sources of retirement income and stretch their savings, growing numbers are starting to tap their housing wealth, using home-equity loans or reverse mortgages....and Dataman Gro
A study by MetLife Mature Market Institute finds that 35% of older Americans see their homes not just as secure places to live, but also as collateral for a loan. About 14% are taking cash out of their house through a home equity loan or reverse mortgage. This is a growing reality for affluent households who seek to enhance their lifestyle, as well as middle-income families for whom it may be their only choice. Study findings indicate that older homeowners are using home equity to increase income security, enhance financial resilience to deal with unexpected expenses, and to improve debt management, among other things. -- Dataman Group Direct,Dale Filhaber, President,Boca Raton FL  07/02/2009



→   FTC issues critical advisory opinion to ACA International regarding FDCPA, FCRA
The Federal Trade Commission (FTC), for only the fourth time in its history, recently released an important advisory opinion to ACA International clarifying a conflict between the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). -- ACA International,John Nemo,Washington Dc  07/02/2009



→   Irwin Financial Corporation Announces Sales of Assets and Managerial Changes
Irwin Financial Corporation (NYSE:IFC) , today announced the sale of approximately $190 million of commercial loans in the second quarter and an agreement to sell three branch locations in Indiana, pending regulatory approval, in the third quarter. Approximately $150 million of commercial banking loans were sold to First Financial Bank, National Association. Approximately $40 million other commercial banking and franchise finance loans were sold to other purchasers. In aggregate, the loans were sold at 99.8 percent of par. In addition, Irwin agreed to sell the offices of Irwin Union Bank & Trust Company located in Carmel, Greensburg, and Shelbyville, Indiana to First Financial. -- Irwin Financial Corporation,Susan Matthews,Columbus In  07/01/2009



→   Hodgdon Group Represents Ashley Furniture with Collins Commercial to Acquire 439,000 SF in Colton, CA
* * * -- Monaghan Communications,Anne Monaghan,Colton California  07/01/2009



→   Sterling Bank Names Michelle Mahfouz Executive Vice President - Personal Relationship & Business Banking
Sterling Bank, a subsidiary of Sterling Bancshares, Inc. (NASDAQ:SBIB) announced today that Michelle Mahfouz has been named Executive Vice President and Manager of Personal Relationship & Business Banking. In this position, she has responsibility for the operation of Sterling Bank's banking centers, its call center, its home equity and home mortgage programs, and small business banking. -- Sterling Bancshares, Inc.,Chris Reid,Houston Tx  07/01/2009



→   Genworth Data Shows Positive Results from Obama Administration Home Affordable Refinance Program
Company Implements Enhancements to Help Mortgage Servicers Modify Loans and Homeowners Avoid Foreclosure Under Home Affordable Modification Program -- Genworth Financial, Inc.,Terry Souers,Raleigh Nc  07/01/2009