Prof Annoucements February 15, 2010
→ Genworth Financial Chairman and CEO Michael D. Fraizer to Speak at Bank of America Merrill Lynch Insurance Conference
Genworth Financial, Inc. (NYSE:GNW) , Chairman and CEO, Michael D. Fraizer, will present at the Bank of America Merrill Lynch Insurance Conference on Tuesday, February 23, 2010 beginning approximately at 1:45 p.m. ET. -- Genworth Financial Inc.,Lisa Turner,Richmond Va 02/15/2010
→ Webster Shareholders Meeting Will Be April 29, 2010
Webster Financial Corporation (NYSE:WBS) , the holding company for Webster Bank, N.A., announced today that its board of directors has scheduled the corporation's annual meeting of shareholders for 4 p.m. (Eastern Standard Time) April 29, 2010 at the Courtyard by Marriott, 63 Grand Street, Waterbury, Conn. -- Webster Bank,Ed Steadham,Waterbury Conn. 02/12/2010
→ Nationwide Health Properties, Inc. Announces Shane Seitz Promoted to Vice President, Investments
City; NEWPORT BEACH, CF -- Nationwide Health Properties, Inc.,Don Bradley, 02/12/2010
→ Bipartisan Policy Center Debt Reduction Task Force Co-Chair Alice Rivlin Testifies Before Senate Budget Committee
Highlights need 'for both parties to work together' to achieve a fiscally sustainable budget -- Bipartisan Policy Center,Eileen McMenamin,Washington 02/12/2010
→ Irsa Inversiones y Representaciones Sociedad Anonima Announces Results for the First Six Months of Fiscal Year 2010 Ended December 31, 2009
IRSA Inversiones y Representaciones Sociedad Anonima (NYSE: IRS; BASE: IRSA), the leading real estate company in Argentina, announces its results for the First Six Months of Fiscal Year 2010 Ended December 31, 2009. -- IRSA Inversiones y Representaciones Sociedad Anonima,Gabriel Blasi,Buenos Aires Argentina 02/12/2010
→ Tranzact Information Services Announces the Development of New Automotive Products to Drive Marketing ROI
Tranzact Information Services LLC (Tranzact IS), a division of TRANZACT - the leading customer acquisition solutions provider for large brands, announced today that it has enhanced its proprietary data solutions for the automotive industry. Tranzact IS has added self-reported consumer vehicle purchase and ownership data as well as consumer risk models to help automotive marketers improve their targeting and marketing ROI. -- Tranzact Information Services,Steve Winkiel,Boca Raton Fla. 02/12/2010
→ Finkelstein & Krinsk LLP Announces Corrected Notice of Class Action Lawsuit Against Bank of America Corporation
A class action securities lawsuit Montgomery v Bank of America Corporation, et. al., has been commenced in the United States District Court for the Southern District of New York on behalf of persons and entities that acquired certain Bank of America Corporation ("BofA") shares up to and including September 12, 2008, including Fixed to Floating Rate Non-Cumulative Preferred Stock Series K ("Series K Securities"); shares of the BofA 7.25% Non-Cumulative Perpetual Convertible Stock ("Series L Securities"); or shares of the BofA 8.20% Non-Cumulative Preferred Stock, Series H ("Series H Securities") pursuant or traceable to the Registration Statement and Prospectuses issued in connection with the securities offerings (the "Offerings"). -- Finkelstein & Krinsk LLP,Finkelstein & Krinsk,San Diego 02/12/2010
→ Bank of Commerce Holdings Announces Filing of Registration Statement for the Offering of $30 Million of Common Stock
Patrick J. Moty, President & CEO of Bank of Commerce Holdings (NASDAQ:BOCH) , a $813 million financial services holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), and Bank of Commerce Mortgage(TM) today announced that the Company has filed a registration statement with the Securities and Exchange Commission for an offering of $30 million of its common stock. Bank of Commerce Holdings expects to sell its common stock in an underwritten public offering with Howe Barnes Hoefer & Arnett, Inc. acting as manager. The Company intends to grant the underwriters an option to purchase up to an additional $4.5 million of common stock offered to cover over-allotments, if any. The common stock will be issued pursuant to a prospectus filed as part of the Company's registration statement under the Securities Act of 1933. -- Redding Bank of Commerce,Patrick J. Moty,Redding Cf 02/12/2010
→ Wikiloan Close to First Deal
WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network today announced that it is in the final stages of negotiations with its first major revenue producing deal. The Company believes that it may have a signed definitive agreement as early as next week. -- WikiLoan, Inc.,WikiLoan Inc.,Delray Beach Fla. 02/11/2010
→ Huntington Bank Commits $4 Billion to Small Business Lending in the Midwest Over the Next Three Years
Launches New Lending Guidelines and Doubles the Number of Business Bankers to Drive Job Creation -- Huntington Bancshares,Jay Gould,Columbus Ohio 02/11/2010
→ PNC Completes Tarp Repayment
The PNC Financial Services Group, Inc. (NYSE:PNC) today announced that it has redeemed $7.6 billion of Series N preferred shares held by the United States Treasury under the Troubled Asset Relief Program's Capital Purchase Program. -- PNC Financial,Fred Solomon,Pittsburgh 02/11/2010
→ Gmac Teams With Dealertrack, Expands Reach of Retail Auto Financing
GMAC Financial Services and DealerTrack (NASDAQ:TRAK) today announced that the automotive lender will be added to the DealerTrack credit application network of more than 17,000 dealers as a financing option for their customers. -- GMAC Financial Services,Tony Sapienza,Detroit 02/11/2010
→ M&I Bank Recognized as One of the Nation`s Best Banks for Middle Market Businesses
M&I Bank receives six national awards and two regional awards -- Marshall & Ilsley Corporation,Sara Schmitz,Milwaukee 02/11/2010
→ Doubleline Capital CEO Jeffrey Gundlach and Others File Cross-Complaint Against Tcw, Charging Breach of Contract, Claiming Approximately $1.25 Billion in Past and Future Fees
Parties Also File Answer to TCW Lawsuit, Stating that Trade Secret Theft and Other Charges Are Meritless and Intended to Interfere With New Business DoubleLine CEO Gundlach Seeks Speediest Possible Trial -- DoubleLine Capital LP,Mike Sitrick,Los Angeles 02/11/2010
→ Chrisley Asset Management Announces New Services to Offer Loss Mitigation to Clients
Streamlines Processes and Increases Efficiency for Lenders and Borrowers -- Chrisley Asset Management,Pat Harriman,Atlanta 02/11/2010
→ Hanley Investment Groups Sells Single-Tenant NNN Red Robin Restaurant
*** -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,MENIFEE CALIFORNIA 02/11/2010
→ Khafre Takes the Pain Out of Commercial Loan Mods
The new module is designed to enable servicers to accurately capture and manage their clients’ portfolio of commercial properties and to quickly analyze clients’ complete financial picture in one place. This latest module builds on the Khafre Back Office platform, which already includes modules for residential loan modification, debt settlement, forensic audits, and credit repair. -- Payment Gone, LLC,Adam Attanasio,Lakewood CA 02/10/2010
→ Djsp Enterprises, Inc. Reports Revenue of $189.8 Million and Adjusted Net Income for Nine Months Ending September 30, 2009 of $32.4 Million
Quarterly Revenues Increase 44% and YTD Revenues Increase 29% Year over Year -- DJSP Enterprises, Inc.,David J. Stern,Plantation Fla. 02/10/2010
→ Franklin Credit Management Corporation Successfully Completes SAS 70 Type II Audit of Servicing and Collection Operations
Franklin Credit Management Corporation ("FCMC"), the mortgage servicing subsidiary of Franklin Credit Holding Corporation (OTC:FCMC) (BULLETIN BOARD: FCMC) and a specialty consumer finance company primarily engaged in the servicing and resolution of performing, reperforming and nonperforming residential mortgage loans, including specialized loan recovery servicing; and in the analysis, pricing, due diligence and acquisition of residential mortgage portfolios for third parties, today announced the successful completion of its SAS 70 Type II audit for its loan servicing and collection processes. -- Franklin Credit Management Corp.,Paul Colasono,New York 02/10/2010
→ Primary Capital Advisors LC Joins Forces With Jan Wagner and Former Canton Street Mortgage
Primary Capital is proud to welcome Jan Wagner and her team of dynamic professionals to support and advance the company's continued growth. -- Primary Capital Advisors LC,George Phelps,Atlanta 02/10/2010
→ Rockbridge Growth Equity Acquires Protect America, a Leading Direct-To-Consumer Provider of Direct-To-Consumer-Self-Installed Monitored Alarm Systems
New Owners Include Rockbridge Growth Equity; Falcon Investments, LLC; and Protect America Founder Thad Paschall -- ,System Admin,Livonia Mi 02/10/2010
→ Lowers & Associates Announces New Commercial Mortgage Asset Management Services at ABA Insurance Risk Management Annual Forum in Naples, Florida
Lowers & Associates (L&A) is pleased to announce its new Commercial Mortgage Asset Management (CMAM), Workout & Loan Restructuring Services at the American Bankers Association (ABA) Insurance Risk Management Annual Forum in Naples, Florida this week. -- Lowers & Associates,Stephen Yesko,Purcellville Va 02/10/2010
→ Declaration Management and Research Announces Final Distributions From Two Mortgage Funds
- Firm Closes Two Highly Successful Mortgage Opportunity Funds - Returns Capital And Earnings To Investors Ahead Of Schedule -- Declaration Management & Research LLC,Brian Carmichael,Mclean Va 02/10/2010
→ Superior Bancorp Reports Results for 2009
2009 HIGHLIGHTS: -- Superior Bancorp,Jim White,Birmingham Al. 02/10/2010
→ Flagstar Bancorp Announces Expiration of Rights Offering
Flagstar Bancorp, Inc., (NYSE:FBC) (the "Company") , the holding company of Flagstar Bank, announced today that the subscription period of its previously announced rights offering expired at 5:00 p.m., New York City time, on February 8, 2010. In the aggregate, the Company will receive approximately $300.6 million of proceeds in connection with the exercise of subscription rights by its stockholders and will be issuing an aggregate of approximately 423.3 million shares of its common stock to participating stockholders. Of these amounts, the Company received $300.0 million in proceeds from MP Thrift Investments L.P., its controlling stockholder, on January 27, 2010 and issued approximately 422.5 million shares of the Company's common stock at that time. -- Flagstar Bank,Paul D. Borja,Troy Mich. 02/09/2010
→ LBC Credit Partners Expands Its Origination Efforts in The Midwest Region
LBC Credit Partners is pleased to announce that Douglas L. Goodwillie has joined our Chicago office as a Director. Doug has more than twelve years of finance industry experience, most recently as an operating director with Arsenal Capital Partners, a New York-based private equity firm and for the six prior years with a Chicago-based provider of senior debt, junior debt and equity. -- LBC Credit Partners,John Brignola,Philadelphia 02/09/2010
→ Six Commercial Mortgage Bankers Earn Prestigious CMB Designation
Graduates Join the Ranks of Over 1,000 CMBs Committed to Excellence within the Mortgage Banking Industry -- Mortgage Bankers Association of America,Melissa Key,Washington District of Columbia 02/08/2010
→ MBA Hires Douglas Moritz to be Associate Vice President of Multifamily
John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Douglas Moritz as Associate Vice President of Multifamily. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 02/08/2010
→ St. Louis-Based USA Mortgage Originates All Time High $1.206 Billion in Home Loans in 2009
St. Louis-based USA Mortgage announces that it originated $1.206 billion in home loans in 2009, an all-time high and a 106 percent increase over the $586 million in loans it originated in 2008. -- USA Mortgage,Kenn Entringer,St Louis Mo 02/08/2010
→ Cambridge Credit Counseling Expands ITS Money America Radio Program TO Meet Community Needs
Weekly WAIC 91.9 FM radio program goes to an hour-long format to provide additional financial information to the local community. -- Cambridge Credit Counseling Corp.,Thomas Fox,Agawam MA 02/08/2010
→ Loan Value Group Launches RH Reward Program for Responsible Homeowners; Major U.S. Investor Is First User of New Strategic Default Mitigation Platform
Loan Value Group LLC (LVG) today announced the launch of an incentive-based program to address the potential for strategic default in the more than 10 million homes in the U.S. with substantial negative equity – representing nearly $2 trillion of mortgage debt. The vast majority of these loans are held by the United States Government, banks, and investors around the world. The program, called the Responsible Homeowner Reward ("RH Reward"), is a turnkey, private label program that creates incentives for borrowers to remain current on their mortgage payments without changing the terms of the original mortgage note or reducing principal. The program, developed with a foundation in behavioral economics, employs patent-pending technology developed by LVG. -- Loan Value Group,Marketing Department,Rumson Nj 02/08/2010
→ $10.9 Million HUD Lean Loan Funds Purchase of Manor Court of Peoria in Illinois, Cambridge Realty Capital Reports
Cambridge Realty Capital Companies has closed a $10.9 million FHA-insured HUD Lean mortgage loan to fund the purchase of Manor Court of Peoria, a 118-bed combination skilled nursing and assisted living property located in Peoria, IL. -- Cambridge Realty Capital Ltd,Debbie Glienke,Chicago Illinois 02/08/2010
→ Service 1st Valuation and Settlement Services Joins the Ellie Mae Network
We are pleased to announce that Service 1st Valuation and Settlement Services, Inc. has recently joined the Ellie Mae® Network. Connectivity to the network is integrated in Ellie Mae's Encompass360(TM) mortgage management software, which is used by mortgage bankers, mortgage brokers, community banks, credit unions and national and regional lenders across the United States. As a result of the Service 1st integration; Service 1st will be available as an Independent Appraiser on the Ellie Mae Network and available to all users of Encompass360. -- Service 1st Valuation and Settlement Services,Justin Gontarek,Pittsburgh 02/08/2010
→ Accufund Adds Enhanced Loan Tracker Module in Latest Upgrade of the Accufund Accounting Suite
Formerly Sold as Only a Stand-Alone Product, the Enhanced Loan Tracker Is Now Tightly Integrated in AccuFund Accounting Suite 3.09, Offering Greater Usability, Flexibility and Convenience -- AccuFund, Inc.,Peter J. Stam,Needham Mass. 02/08/2010
→ E*trade Reveals Super Bowl(r) Xliv Advertisements
E*TRADE FINANCIAL Corp. (NASDAQ:ETFC) today announced that E*TRADE Securities has two new 30-second "Talking Baby" advertisements scheduled to run during Super Bowl® XLIV's third quarter and immediately following the Big Game tonight on CBS: -- E*TRADE FINANCIAL Corp.,Pam Erickson,New York 02/08/2010
→ Nationwide Health Properties, Inc. Announces Closing Acquisition of Two PMB Buildings
Nationwide Health Properties, Inc. (NYSE:NHP) today announced the acquisition of two medical office buildings under an amendment to the original agreement with Pacific Medical Buildings LLC, a California limited liability company ("Pac Med"), and certain of its affiliates. -- Nationwide Health Properties, Inc.,Abdo H. Khoury,Newport Beach Calif. 02/08/2010
→ Operating Results Announced by National Retail Properties, Inc.
National Retail Properties, Inc. (NYSE:NNN) , a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2009. NNN reported Recurring Funds From Operations (FFO) for the fourth quarter of $29.8 million or 36 cents per share compared to $32.6 million or 42 cents per share for the same period in 2008. For the year ended December 31, 2009, Recurring FFO was $129.0 million or $1.61 per share compared to $135.3 million or $1.82 per share for the prior year. Recurring FFO is FFO excluding gain and loss on sale of real estate in our Inventory Portfolio, gain on early debt extinguishment, restructuring charges, impairments, and loss on note foreclosure. NNN reported FFO available to common stockholders for the fourth quarter of $(12.4) million or (15) cents per share compared to $36.0 million or 46 cents per share for the same period in 2008. For the year ended December 31, 2009, FFO available to common stockholders was $90.1 million or $1.13 per share compared to $142.4 million or $1.91 per share for the prior year. Highlights include: -- National Retail Properties, Inc.,Kevin B. Habicht,Orlando Fla. 02/05/2010
→ 1st Mariner Bancorp Announces It Has Regained Compliance With Nasdaq Global Market Listing Rules
1st Mariner Bancorp (NASDAQ: FMAR) announced today that on February 3, 2010 it received a letter from The NASDAQ Stock Market notifying the Company that it had regained compliance with The NASDAQ Global Market's listing requirements. As previously reported, in order to regain compliance with those requirements, the closing bid price for the Company's common stock was required to be at least $1.00, and the minimum market value of its publicly held shares was required to be at least $5 million, for 10 consecutive trading days after December 10, 2009. Both of these requirements were satisfied as of February 2, 2010. -- 1st Mariner Bancorp,Mark A. Keidel,Baltimore 02/05/2010
→ Wallick & Volk Opens New Branch in Scottsdale, Arizona
..."We're strong...We're Growing... and we have money to lend!" The current market environment has given us the opportunity to grow our business in locations that are showing signs of stabilization and sustainable growth. With our sights set on healthy and improving markets, we have opened a new branch office in Scottsdale, AZ under the guidance of RJ Keilen. RJ has a great team with a marvelous reputation. Joining RJ in the new Scottsdale office are Jeff Wasley and JD Doolin. Anne Clark, Ron Schlachter, Nick Domenico and Jan Walters will also be relocating to the new Scottsdale office. We are excited to have all of them; they will enhance our stature in the industry with their professionalism and market knowledge. -- Wallick & Volk,Dave Heuermann,Cheyenne Wyo. 02/05/2010
→ Jones Apparel Group, Inc. Announces Acquisition of Robert Rodriguez, Contemporary Fashion Brand
Jones Apparel Group, Inc. ("Jones") (NYSE:JNY) today announced that it has acquired Moda Nicola International, LLC ("MNI"), owner of the Robert Rodriguez Collection, a privately held designer, marketer and wholesaler of women's contemporary eveningwear and sportswear. MNI generated net revenues of approximately $17 million for the year ended December 31, 2009. -- Jones Apparel Group, Inc.,John T. McClain,New York 02/05/2010
→ First Mariner Bancorp Announces Agreement to Exchange Common Stock and Warrants for Trust Preferred Securities
First Mariner Bancorp (NASDAQ: FMAR) announced today that it has entered into an agreement with its Chairman and Chief Executive Officer, Edwin F. Hale, Sr., who has agreed to purchase trust preferred securities issued by Mariner Capital Trust II, Mariner Capital Trust IV and Mariner Capital Trust VIII. Mr. Hale, through the agreement with First Mariner Bancorp, has agreed to exchange $20.0 million of the trust preferred securities for $2.0 million in common stock of First Mariner Bancorp plus warrants to purchase shares equal to 20% of the shares issued in the exchange. Mr. Hale agreed to purchase the trust preferred securities, which have an aggregate liquidation amount of $20.0 million, for $2.0 million. -- First Mariner Bancorp,Mark A. Keidel,Baltimore 02/04/2010
→ Astoria Financial Corporation to Present at Sterne Agee 2010 Financial Services Symposium
Astoria Financial Corporation (NYSE:AF) , announced that it will participate in the Sterne Agee 2010 Financial Services Symposium on Tuesday, February 9, 2010. Astoria's President and Chief Operating Officer, Monte N. Redman, will be presenting at the conference at 1:30 p.m. Eastern Time. -- Astoria Financial Corporation,Peter J. Cunningham,Lake Success N.y. 02/04/2010
→ PNC Prices $3.0 Billion Common Equity Offering
Positions PNC to Repay TARP Preferred Shares -- PNC Financial,Brian E. Goerke,Pittsburgh 02/04/2010
→ Homex Announces not to Execute its Capital Increase Plan During 2010
Desarrolladora Homex, S.A.B. de C.V. (Homex or the Company) (NYSE:HXM) (NYSE:BMV:) (NYSE:HOMEX) announced that during the Board of Directors meeting held on Friday, January 29th, the Board along with the Company's Management team, and according to Homex' shareholders approved faculties at the General Extraordinary Shareholders' Meeting held on November 20th, resolved not to execute its Capital Expansion Plan during 2010. -- Desarrolladora Homex, S.A.B. de C.V.,Vania Fueyo,Sinaloa Mexico 02/04/2010
→ Webster Acts to Shut Down Scam; Seeks Restitution
Webster Financial Corporation (NYSE:WBS) today said that its internal controls had detected and halted an elaborate embezzlement scheme at a subcontractor that provides bulk cash processing on behalf of a major vendor of Webster. -- Webster Bank,Ed Steadham,Waterbury Conn. 02/04/2010
→ PNC to Repay Tarp Preferred Shares
Plans to Offer $3 Billion of Common Stock and Sell PNC Global Investment Servicing Positions Company for Further Growth -- PNC Financial,Brian E. Goerke,Pittsburgh 02/03/2010
→ Home Warranty of America Earns A+ Rating From the Better Business Bureau
Home Warranty of America, one of the leading providers of home warranties in the United States has earned an A+ rating from the Better Business Bureau (BBB), one of the most recognized symbols of trust for the consumer. -- Home Warranty of America,Chris Kaucnik,Buffalo Grove Ill. 02/03/2010
→ Cushman & Wakefield Names Glenn Rufrano CEO
Accomplished global real estate executive to join Cushman & Wakefield -- Cushman & Wakefield,Dwayne Doherty,New York 02/03/2010
→ Pennsylvania Banking Department Announces New Online Search Tool Offering Consumers Greater Access to Information About Mortgage Industry
Pennsylvania consumers can learn more about mortgage companies and professionals doing business in the commonwealth by using a new search tool available from Nationwide Mortgage Licensing System. -- Offical Pennsylvania State Police Web Site,Ed Novak,Harrisburg Pa. 02/03/2010
→ Equilend Announced Today That Users May Also Lend Etfs Through Its Trade2o Service Suite
EquiLend continues to expand its services in the securities lending marketplace by including the ability to borrow and lend ETFs via Trade2O, a service that facilitates the interactive trading of non-GC securities, specials as well as a host of other security types. EquiLend recognizes the active demand and interest for ETFs and is well equipped to keep pace with this growing area. -- EquiLend,Michelle Lindenberger,London 02/03/2010
→ Landrieu Praises Treasury`s New Community Lending Program for Small Businesses
Senate Committee on Small Business and Entrepreneurship Chair Mary L. Landrieu, D-La., who has shepherded small business job-creation measures through her Committee, made the following comment in regard to Treasury Secretary Timothy Geithner's unveiling of the $30 billion Small Business Lending Fund, a fund that directs money to community banks for small business lending: -- U.S. Senate Committee on Small Business & Entrepreneurship,Vicki Ekstrom,Washington 02/03/2010
→ Lincoln Appraisal & Settlement Services Declares New Partnership With Generation Mortgage Company
Top Reverse Mortgage Wholesale Lender selects Leading National Appraisal Management Company -- Lincoln Aappraisal & Settlement Services, LLC,Andrea Zimmern,Providence R.i. 02/03/2010
→ Fannie Mae Forgoes Issuing Benchmark Notes on its February 2, 2010 Announcement Date
Fannie Mae (NYSE:FNM) today announced that it will not utilize its first (February 2nd) Benchmark Notes announcement date this month. As announced in our 2010 Benchmark Securities Issuance Calendar, the company may forego any scheduled Benchmark Notes issuance. -- HomePath,Derek Lowe,Washington 02/03/2010
→ Real Capital Analytics Acquires Real Estate Econometrics
Dr. Sam Chandan Named Global Chief Economist and Executive Vice President -- Real Capital Analytics, Inc.,Joe Mannina,New York 02/03/2010
→ Marvin Von Renchler is back in Real Estate Sales
30 year real estate veteran back in the game -- Security Trust Mortgage, Inc.,Marvin VonRenchler,Tigard Oregon 02/02/2010
→ Cedar Shopping Centers Prices Offering of 7,500,000 Common Shares
Cedar Shopping Centers, Inc. (NYSE:CDR) announced today the pricing of its public offering of 7,500,000 newly issued shares of common stock at $6.60 per share. The offering is expected to close on Friday, February 5, 2010. Net proceeds to the Company after offering expenses are estimated at $47.0 million. In addition, the underwriters of the offering have been granted a 30-day option to purchase an additional 1,125,000 shares of common stock to cover over-allotments, if any, which, if exercised in full, would result in approximately $7.1 million of additional proceeds to the Company. The shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. -- Cedar Shopping Centers, Inc.,Leo S. Ullman,Port Washington N.y. 02/02/2010
→ PNC to Sell PNC Global Investment Servicing
Will Increase Tier 1 Common Capital by $1.6 Billion -- PNC Financial,Brian E. Goerke,Pittsburgh 02/02/2010
→ Myers Internet Chooses Loansifter to Enhance Mortgage POS Eligibility and Pricing
Alliance delivers automated workflows to users, improving data quality and profitability -- RE/MAX Realty Group,Rosalie Berg,Appleton Wis. 02/02/2010
→ The Clearing House Appoints Paul Saltzman as Executive Vice President, General Counsel and Head of The Clearing House Association
Industry Veteran Will Lead Advocacy Efforts for Nation's Large Bank Forum -- The Clearing House,Iya Davidson,New York 02/02/2010
→ Wikiloan Signs With Fenris, LLC
WikiLoan Signs With Fenris, LLC to Raise Capital to Execute Acquisition Strategy -- WikiLoan, Inc.,Edward C. DeFeudis,Delray Beach Fla. 02/02/2010
→ Flagstar Reports 2009 Financial Results
Flagstar Bancorp, Inc. (NYSE:FBC) , the holding company for Flagstar Bank FSB, today reported its fourth quarter and annual results for 2009. -- Flagstar Bank,Paul D. Borja,Troy Mich. 02/02/2010
→ Orleans Homebuilders Announces Third Limited Waiver Letter and Limited Unaudited Financial Information
Orleans Homebuilders, Inc. (the "Company") (AMEX:OHB) announced that on January 25, 2010 the Company executed a third limited waiver letter (the "Waiver Letter") to its $375 million Second Amended and Restated Revolving Credit Loan Agreement dated September 30, 2008 (as amended, the "Credit Facility"). This Waiver Letter effectively amends the definition of "Borrowing Base Availability" to reflect the borrowing base certificate filed on December 15, 2009 (as of November 30, 2009) throughout the Third Limited Waiver Extension period. In addition, under the terms of the Waiver Letter, the Credit Facility size was reduced from $375 million to $350 million, the maximum cash covenant was reduced from $12 million to $10 million, and the lenders were granted a security interest in certain additional collateral. Lenders holding approximately 68% of the commitments under the Credit Facility approved the Waiver Letter. In addition, on January 29, 2010, the waiver period provided for in the "Second Amendment Extension Letter" dated December 18, 2009 was extended to February 12, 2010, but such period remains subject to potential earlier termination as a result of certain events. -- Orleans Homebuilders, Inc.,Garry P. Herdler,Bensalem Pa. 02/02/2010
→ Service 1st Valuation and Settlement Services, Inc. Announces Its Continued Compliance With FHA Guidelines and The Home Valuation Code of Conduct (hvcc)
Service 1st Valuation and Settlement Services has announced they will continue to be 100% compliant as FHA plans to change their Appraiser Engagement guidelines effective January 1, 2010. FHA recently announced they will establish new guidelines for Appraiser Independence and Appraiser Engagement, similar to the Home Valuation Code of Conduct (HVCC). -- Service 1st Valuation and Settlement Services,Michelle Jones,Pittsburgh 02/02/2010
→ United Community Bank and Integra Bank Announce Agreement for Purchase of Branches and Loans From Integra
United Community Bancorp (NASDAQ:UCBA) and Integra Bank Corporation (NASDAQ:IBNK) announced today that United Community Bank ("United"), the wholly-owned subsidiary of United Community Bancorp, has agreed to purchase three banking offices of Integra Bank Corporation's wholly-owned bank subsidiary, Integra Bank N.A. ("Integra"). The offices are located in Milan, Osgood and Versailles, Indiana. In addition, United has agreed to acquire a group of commercial and residential mortgage loans from Integra. -- United Community Bancorp,Mike Alley,Evansville Ind. 02/01/2010
→ Cedar Shopping Centers Announces Common Share Offering
Cedar Shopping Centers, Inc. (NYSE:CDR) ("Cedar") announced today that it has commenced an underwritten public offering of 7,500,000 shares of its common stock pursuant to a shelf registration statement filed with the Securities and Exchange Commission, which became effective on December 1, 2008. A preliminary prospectus supplement and a final prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. -- Cedar Shopping Centers, Inc.,Leo S. Ullman,Port Washington N.y. 02/01/2010
→ Starwood Property Trust, Inc. Announces Tax Reporting Information for 2009 Common Share Distributions
Starwood Property Trust, Inc. (NYSE:STWD) , a real estate investment trust focused primarily on originating, investing in, and financing commercial mortgage loans and other commercial real estate-related debt investments, today announced the tax reporting information (Federal 1099) for the year 2009 distributions on its common shares. -- Starwood Property Trust, Inc.,Barbara Anderson,Greenwich Conn. 02/01/2010
→ New Equifax Solution Gives Mortgage Investors Greater Visibility Into Borrower Credit Health
ABS Credit Risk Insight Now Integrates FICO Credit Score, Multiple New Data Variables -- Equifax,Jennifer Costello,Washington 02/01/2010
→ Union Finalizes First Market Bank Deal
Union First Market Bankshares Corporation (NASDAQ:UBSH) , the newly named Virginia multi-bank holding company ("Union"), is pleased to announce it has completed its acquisition of First Market Bank ("First Market"). As previously announced, the Company will merge its two largest bank subsidiaries, Union Bank and Trust Company and First Market, to form Union First Market Bank in March of this year and will move its corporate headquarters to Richmond in April. -- Union Bankshares,G. William Beale,Richmond Va. 02/01/2010
→ Sterling Bancorp Reports 2009 Results
Performance Reflects Loan Growth, Increased Net Interest and Noninterest Income, Lower Expenses -- Sterling National Mortgage Corp.,John Tietjen,New York 02/01/2010
→ Armour Residential Reit, Inc. Announces Symbol and Market Makers for OTC Bulletin Board
City; VERO BEACH, Fla. -- ARMOUR Residential REIT, Inc.,Jeffrey Zimmer, 02/01/2010
→ Bank of Commerce Holdings(tm) Announces 2009 Operating Results
Patrick J. Moty, President & CEO of Bank of Commerce Holdings (NASDAQ:BOCH) , a $813 million financial services holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), and Bank of Commerce Mortgage(TM) today announced 2009 operating results. -- Bank of Commerce Holdings,Patrick J. Moty,Redding Calif. 01/30/2010