Prof Annoucements November 15, 2009
→ HI Urban Retail Advisors Sells Street-Front Retail at Mixed-use Condo Bldg. in Downtown San Pedro
The project, referred to as the Centre Street Lofts, is located at 285 W. 6th Street in San Pedro. Positioned within downtown San Pedro along Centre Street between 6th Street and 7th Street, the five-story building was built in 2007 and features underground parking to serve both commercial and residential uses. Nearly all of the 116 residential condominiums have been successfully sold. The ground-floor retail portion of the project was 18 percent occupied at the time of sale allowing the buyer, International Longshore & Warehouse Union Local 13, to acquire the project in order to occupy the building as their corporate headquarters. -- HI Urban Retail Advisors,Anne Monaghan,SAN PEDRO CA 11/14/2009
→ Offers Industry`s First FCRA Compliant Mortgage Applicant and Property Risk Report—
CredStar, a leading credit information provider for credit unions and the mortgage lending industry and a member of the First American Family of Companies, today announced the availability of the ENCORE report from First American CREDCO. As an exclusive reseller, CredStar can now offer ENCORE – the industry’s only comprehensive consumer reporting solution that delivers FCRA-compliant risk analysis for all critical elements of the mortgage application and servicing processes – to its credit union and mortgage lending customer base. -- First American Credco,David Woodruff,Poway California 11/13/2009
→ MBA Comments on FHA`s Financial Outlook
John A. Courson, President and CEO of the Mortgage Bankers Association (MBA) today issued the following statement in response to the Federal Housing Administration's (FHA) announcement of its fiscal health and financial outlook. -- CampusMBA,Aleis Stokes,Washington District of Columbia 11/13/2009
→ Mortgage Refinance Applications Increase, Purchase Applications at Nine Year Low in Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 6, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2.8 percent compared with the previous week. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 11/13/2009
→ Freddie Mac Issues 2010 Funding Calendars
Freddie Mac (NYSE:FRE) today issued its 2010 funding calendars, which provide optional announcement dates for Reference Notes® securities and announcement and auction dates for Reference Bills® securities. The 2010 funding calendars are available on the Debt Securities page of the company's Web site at www.FreddieMac.com. -- Freddie Mac,Michael Cosgrove,Mclean Va. 11/13/2009
→ M.d.c. Holdings` Presentation At The Ubs Building And Building Products Seventh Annual Ceo Conference To Be Webcast Live
M.D.C. Holdings, Inc. (NYSE: MDC) announced today that it will broadcast a presentation being made at the UBS Building and Building Products Seventh Annual CEO Conference on Wednesday, November 18th, at 2:00 p.m. ET. The presentation can be heard live and will be available for replay by entering the M.D.C. Holdings, Inc. website, www.mdcholdings.com, and selecting "UBS Building and Building Products Seventh Annual CEO Conference." Printable slides for the presentation also will be available on the Company's website. -- M.D.C. Holdings, Inc.,Robert N. Martin,Denver 11/13/2009
→ Manhattan U.s. Attorney Files Civil Action Seeking Forfeiture Of Alavi Foundation`s Interest In Fifth Avenue Office Tower Controlled By Iran
Preet Bharara, the U.S. Attorney for the Southern District of New York, announced today the filing of an amended civil Complaint seeking forfeiture of the Alavi Foundation's interest in a 36-story office tower located at 650 Fifth Avenue in Midtown Manhattan (the Building). The Building is owned by 650 Fifth Avenue Company, a partnership between the Alavi Foundation and Assa Corporation. The original complaint, which was filed in December 2008 and amended today, sought forfeiture of Assa Corporation's interest in the Building. -- U.S. Department of Justice,Yusill Scribner,New York 11/13/2009
→ Freddie Mac Statement On 2010 Loan Limits
Freddie Mac's (NYSE:FRE) conforming loan purchase limits for 2010 are unchanged from those in effect for 2009 for all areas of the United States, according to the Federal Housing Finance Agency (FHFA). The loan limits set the maximum original loan amounts allowed on single-family conventional mortgages Freddie Mac can purchase except in high cost areas. The loan limits for first mortgages are: -- Freddie Mac,Brad German,Mclean Va. 11/13/2009
→ Mortgage Brokers Network has grown to working with 14 mortgage net branch companies and 4 charter banks!
Mortgage Brokers Network offers you mortgage branch, net branch, employment opportunities for branch managers and their loan officers with nationwide lending in the following States; Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming. -- Mortgage Brokers Network,Gary Lacey,Olney Illinois 11/13/2009
→ Horizon Consulting Wins Recompete Bid For Insurance Endorsement Processing
Contract with the Atlanta Home Ownership Center lasts for 5 years -- Horizon Consulting Inc.,Kori Williams,Lansdowne Va. 11/12/2009
→ Suntrust Breaks Ground For Companies And Their Employees With Addition Of Fdic Insured Account To Its 401(k) Offering
Also Offers Two New 401(k) Guides for Plan Sponsors and Business Owners Free-of-Charge -- SunTrust Bank,Hugh Suhr,Atlanta 11/12/2009
→ Jeff Marchetti Joins Pro Teck Valuation Services As Senior Sales Director, Origination Channel
Pro Teck Valuation Services, a leading real estate valuation and risk solutions provider, today announced that Jeff Marchetti has joined the company as a Senior Sales Director. He will report to Ed Hunter, Executive Director. -- Pro Teck Valuation Services,Domenica Puleo,Waltham Mass. 11/12/2009
→ Experian Introduces Products That Assist Lenders In Determining Consumers` `ability To Pay`
Income Insight(SM) and Income View(SM) enable lenders to assess a consumer's income in alignment with new lending requirements -- Experian Inc.,Kristine Snyder, 11/12/2009
→ The First American Corporation Successfully Completes Exchange Offer For Publicly Held Shares Of First Advantage Corporation
The First American Corporation (NYSE:FAF) , America's largest provider of business information, today announced the expiration of the initial offering period for its offer to exchange all publicly held shares of the common stock of its subsidiary, First Advantage Corporation (NASDAQ:FADV) , and that all of the conditions to the exchange offer have been satisfied. First American also announced the commencement of a subsequent offering period for the exchange offer that will expire at 5 p.m. Eastern time on Nov. 17, 2009, unless extended. -- First American Family of Companies,Carrie Gaska,Santa Ana Calif. 11/11/2009
→ Urbi Begins Operations In Altamira, Tamaulipas State
Altamira is considered the main Latin American maritime port for deep draft ships, from which 30% of Mexico's petrochemicals are generated -- Urbi Desarrollos Urbanos S.A.B. de C.V.,Antonio Jorge,Altamira Mexico 11/11/2009
→ The Pmi Group Inc. Contributes Subsidiary To Pmi Mortgage Insurance Co.
Contribution lowers risk-to-capital ratio to 16.9-to-1 and increases excess minimum policyholders' surplus to $307.7 million, as of September 30, 2009 -- The PMI Group, Inc.,Bill Horning,Walnut Creek Calif. 11/11/2009
→ Quadrino Schwartz Expands White Collar Criminal Defense Group With Addition Of Acclaimed Trial Lawyer Bruce Barket
Quadrino Schwartz announced today that Bruce Barket has joined the firm as the leader of its White Collar / Criminal Defense & Investigations Group and a leader of the firm's Trial Practice Group. Mr. Barket's work has frequently received national media coverage on television, in print, and online, including CNN, Court TV, Fox News, USA Today, The New York Times, PBS-Frontline, and Newsday. He earned his reputation by successfully handling a number of high-profile cases and achieving a remarkable record of trial victories. -- Quadrino Schwartz,Zach Olsen,New York 11/11/2009
→ Hovnanian Enterprises Announces Anticipated Tax Refund
Hovnanian Enterprises, Inc. (NYSE:HOV) , a leading national homebuilder, announced today that due to a recent change in tax legislation, the Company can now carryback its anticipated 2009 net operating loss five years to previously profitable years that were not available to the Company for carryback prior to the new tax legislation. The Company anticipates recording a tax benefit in the first quarter of 2010 and receiving a federal income tax cash refund of approximately $250 million to $275 million during its second quarter of fiscal 2010. -- K. Hovnanian Enterprises, Inc.,J. Larry Sorsby,Red Bank N.j. 11/11/2009
→ Renasant Corporation To Present At 2009 Sandler O`neill And Partners, L.p. East Coast Financial Services Conference
Renasant Corporation (NASDAQ:RNST) announced today that on Thursday, November 12, 2009 at 11:30 AM (Eastern Time) E. Robinson McGraw, Renasant Chairman & CEO, will be presenting at the 2009 Sandler O'Neill and Partners, L.P. East Coast Financial Services Conference in Palm Beach, Florida. -- Renasant Corporation,John Oxford,Tupelo Miss. 11/11/2009
→ Fidelity National Financial, Inc. Announces $7.5 Million Investment In Ecosphere Energy Services, Llc
Fidelity National Financial, Inc. (NYSE:FNF) , a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services, today announced an investment in Ecosphere Energy Services, LLC ("EES"). After the $7.5 million investment, FNF will own 19% of EES. EES is a majority-owned subsidiary of Ecosphere Technologies Inc. (OTC Bulletin Board: ESPH). -- Fidelity National Financial, Inc.,Daniel Kennedy Murphy,Jacksonville Fla. 11/11/2009
→ The First American Corporation Named Among The Top 100 Military-friendly Employers For 2010
- G.I. Jobs Magazine Award Puts Company in Top 2 Percent of All Large Employers - -- First American Family of Companies,Carrie Gaska,Santa Ana Calif. 11/11/2009
→ Ecosphere Energy Services Closes $7.5 Million Financing With Fidelity National Financial
Ecosphere Energy Services LLC, EES, a majority owned subsidiary of Ecosphere Technologies, Inc. (OTC Bulletin Board: ESPH), announces today that it has closed a financing round of $7.5 million with Fidelity National Financial, Inc. FNF is a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services. FNF will own 19% of EES. -- Ecosphere Technologies, Inc.,Gerald Kieft,Stuart Fla. 11/10/2009
→ A Shark School For Goldfish: Seven Ways You Can Thrive In A Sea Of Change
By Jon Gordon, author of The Shark and the Goldfish: Positive Ways to Thrive During Waves of Change (Wiley, 2009, ISBN: 978-0-470-50360-7, $16.95). -- The Shark and the Goldfish,Jon Gordon, 11/10/2009
→ U.S. HOUSE PRICES SLIP SLIGHTLY IN SEPTEMBER
IAS Data Indicate Increased Activity In Declining Neighborhoods -- Integrated Asset Services, LLC,Robyn,Denver Co 11/10/2009
→ Hibernia Atlantic Extends Its Global Financial Network (gfn) Into Two Equinix Data Centers
Hibernia Atlantic, the only diverse transAtlantic submarine transport cable provider, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced the expansion of its Global Financial Network (GFN) into the Equinix New York-2 (NY2) and New York-4 (NY4) International Business Exchange (IBX®) data centers in Secaucus, New Jersey. This expansion further drives Hibernia Atlantic’s redundancy within the New York metro area and reinforces the company’s commitment to provide reliable connectivity to its financial customers, bypassing major congestion points located within major metro city centers. This link into Equinix Financial eXchange, a neutral electronic marketplace of active market participants located in the NY2 and NY4 centers, is also a much-desired route for financial exchange traffic, moving from Chicago to Secaucus (bypassing Manhattan when and if necessary) and across the Atlantic Ocean to Slough, UK (bypassing London when and if necessary as well). -- Jaymie Scotto & Associates,Ilissa Miller,New York Ny 11/10/2009
→ VALLIGENT TAKES AIM AT MORTGAGE INDUSTRY`S CRISIS OF CONFIDENCE
Property valuation experts reposition company to restore trust to mortgage lending process; new solutions, website and rebranding campaign unveiled -- Valligent,Rosalie Berg,Miami FL 11/10/2009
→ Netmore America Reduces Fees To Help Drive Broker Participation With The National Association Of Mortgage Brokers Membership
NetMore America, Inc. (“NetMore”), an expanding next generation mortgage banker, announced today that in an effort to support the National Association of Mortgage Brokers (NAMB) and mortgage brokers it is offering reduced fess for mortgage brokers who are currently members of NAMB and will extend the offer to any mortgage broker that joins over the next 30 days. -- NetMore America, Inc. (NetMore),Info,Walla Walla WA 11/10/2009
→ Weichert Sees Expanded Tax Credit As Final Step To A Healthy Market
Nearly two years ago, James M. Weichert, president and founder of Weichert, Realtors, began calling upon Congress for a homebuyer tax credit that he felt would help repair the struggling national economy. Three versions later, the leader of one of the nation’s largest independent real estate companies believes the current tax credit now has enough stimulus power to get the job done. -- Weichert, Realtors,Matthew Ward,Morris Plains Nj 11/10/2009
→ Talkin` `bout My Generation (in The Job Market): How To Compete
When You're Up Against Your Grandpa, Your Mom, and Your Peers -- The Connectors , Maribeth Kuzmeski,Dottie DeHart,Hoboken Nj 11/10/2009
→ Newoak Capital Appoints Jay Lown Managing Director
NewOak Capital announces the appointment of Jay Lown as Managing Director and senior member of the Financial Institutions Group. He will be responsible for coordinating all activities relating to the US Government related mortgage lending programs through Fannie Mae, Freddie Mac, and the FHA, as well as developing mortgage advisory solutions and focusing on the Bank Advisory and Recapitalization at NewOak Capital. -- NewOakCapital,Marisa D’Vari,New York Ny 11/10/2009
→ Real Estate Investment Securities Association (REISA) Elects New Board of Directors
The Real Estate Investment Securities Association (REISA) has elected its 2010 Board of Directors. One new registered representative, two broker-dealers and two new sponsors were elected to serve on REISA’s Board of Directors. -- Real Estate Investment Securities Association (REISA),Jill Delaney,Indianapolis In 11/10/2009
→ Consumer Mortgage Audit center becomes NACA`s forensic auditing team Organizations Work Together to Help Homeowners Save Their Dream Of Homeownership
Organizations Work Together to Help Homeowners Save Their Dream Of Homeownership -- The Consumer Mortgage Audit Center,Charlotte Maumus,New York Ny 11/10/2009
→ ICBA Thanks Federal Reserve for Providing Reg Z Relief
Balloon Payment Loans Maturing in Less Than Seven Years Not Prohibited -- The Independent Community Bankers of America,Aleis Stokes,Washington DC 11/10/2009
→ Wingspan Portfolio Advisors And American Legal & Financial Network Launch National Residential Receivership Program
Award-winning specialty servicer and national attorney network join forces to help lenders comply with foreclosure legislation -- Wingspan Portfolio Advisors,Marketing Department,Grand Prairie Tx 11/10/2009
→ ICBA Thanks House Financial Services Committee for Exempting Small, Publicly Traded Community Banks From SOX 404
The Independent Community Bankers of America (ICBA) today praised the House Financial Services Committee on the passage of an amendment, sponsored by Reps. Scott Garrett (R-N.J.) and John Adler (D-N.J.), to the Investor Protection Act (H.R. 3817) that would exempt small, publicly traded companies with a market cap below $75 million from reporting requirements under Sarbanes-Oxley Act Section 404(b). Since the inception of Sarbanes-Oxley, ICBA has urged lawmakers and regulators to exempt community banks from the measure. -- The Independent Community Bankers of America,Bill Grassano,Washington DC 11/10/2009
→ ICBA Thanks Congress for Passing Top ICBA Tax Priorities ; NOL Relief and Homebuyer Tax Credit Will Boost Economy
The Independent Community Bankers of America (ICBA) today praised Senate lawmakers for backing top ICBA tax priorities including the five-year Net Operating Loss (NOL) relief measure and the expanded homebuyer tax credit as part of H.R. 3548, the Worker, Homeownership and Business Act of 2009. ICBA calls on Congress to quickly pass this legislation and send it to President Obama to sign into law. -- The Independent Community Bankers of America,Bill Grassano,Washington DC 11/10/2009
→ ICBA Expresses Serious Concerns with Single Regulator and CFPA Provisions in Senate Financial Reform Package
The Independent Community Bankers of America (ICBA) today issued this statement following the release of draft financial reform legislation by Senate Banking Committee Chairman Chris Dodd (D-Conn.). -- The Independent Community Bankers of America,Bill Grassano,Washington DC 11/10/2009
→ Brookdale Announces Pricing Of Secondary Offering By Selling Stockholders
Brookdale Senior Living Inc. (NYSE:BKD) (the "Company") announced today the pricing of the sale of an aggregate of 16,550,000 shares of its common stock by certain funds managed by affiliates of Fortress Investment Group LLC, an increase of 5,550,000 shares from the 11,000,000 shares previously announced. The offering was priced at $16 per share. Approximately $257 million of net proceeds from the sale of the common stock will be received by the selling stockholders. The Company will not receive any of the proceeds from the offering. In connection with the offering, the selling stockholders have granted the underwriter a 30-day option to purchase up to an aggregate of 1,655,000 additional shares of common stock. -- Brookdale Senior Living Inc.,Ross Roadman,Nashville Tenn. 11/10/2009
→ Bancorpsouth, Inc. Senior Management To Present At Financial Conferences
BancorpSouth, Inc. (NYSE: BXS) Chairman and Chief Executive Officer Aubrey Patterson and Chief Financial Officer Bill Prater will make presentations to bank stock analysts at two financial conferences this week. The two conferences include: -- BancorpSouth, Inc.,Bill Prater,Tupelo Miss. 11/10/2009
→ Citizens Republic Bancorp Withdraws Its Cap Application
Citizens Republic Bancorp, Inc. (NASDAQ:CRBC) announced today that it has withdrawn its application to the U.S. Treasury for an additional investment of up to $190 million under its Capital Assistance Program (CAP). In June 2009, Citizens announced that a CAP investment was one of the capital raising strategies it was considering and it applied for CAP to ensure that it met the November 9, 2009 program deadline. Due to the lack of activity surrounding CAP, the differing public views regarding government assistance programs, and the success of its recent debt exchange offers, Citizens has decided to withdraw its application. -- Citizens Republic Bancorp, Inc.,Charles D. Christy,Flint Mich. 11/10/2009
→ Hovnanian Enterprises And Goldentree Insite Partners Announce Formation Of Homebuilding Joint Venture
Hovnanian Enterprises, Inc. (NYSE:HOV) and GoldenTree InSite Partners announced today that they have entered into a joint venture agreement to acquire a portfolio of homebuilding projects. The venture intends to design, sell, and deliver homes on the properties, which are located across 11 communities in the greater Chicago market and Palm Beach County, Florida. Since this venture is purchasing lots that were previously owned by an unconsolidated Hovnanian joint venture, there will be no change in the reported number of lots owned by unconsolidated joint ventures in Hovnanian's SEC filings. -- K. Hovnanian Enterprises, Inc.,J. Larry Sorsby,Red Bank N.j. 11/10/2009
→ Officemax Partners With U.s. Bank To Power Officemax`s Visa Credit Card Portfolio
-Partnership Provides Credit Card Benefits to OfficeMax Customers- -- OfficeMax Incorporated,William Bonner,Naperville Ill. 11/10/2009
→ Bnc National Bank Announces Agreement For Sale Of Branch In Ellendale, Nd
BNCCORP, Inc. (BNC) (Pink Sheets: BNCC) today announced that its BNC National Bank subsidiary has entered into a definitive agreement whereby Great Plains National Bank of Dickinson, North Dakota, will purchase all assets and assume all liabilities associated with the BNC National Bank branch office in Ellendale, North Dakota. The purchase is subject to customary regulatory approvals and is expected to be completed early in the first quarter of 2010. The purchase price was not disclosed. -- BNCCORP,Timothy J. Franz,Bismarck N.d. 11/10/2009
→ Paladin Strategic Partners, Llc Acquires A Controlling Interest In The Homesaver Mortgage Management, Llc
New socially responsible Emerging Manager joins with existing asset management company to expand HomeSaver's non-performing residential mortgage acquisition, management and remediation business, focused on aggressive mortgage modification. -- Paladin Strategic Partners, LLC,Jason Barrett, 11/10/2009
→ Capitol Federal Financial Reports Fiscal Year 2009 Results
Capitol Federal Financial (NASDAQ:CFFN) (the "Company") announced results today for the fiscal year ended September 30, 2009. Detailed results will be available in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2009, which will be filed with the Securities and Exchange Commission on or about November 30, 2009 and posted on our website, http://ir.capfed.com/sec.cfm. -- Capitol Federal Savings,Jim Wempe,Topeka Kan. 11/10/2009
→ Federal Home Loan Bank Of Atlanta Boosts Housing Market With Disbursement Of More Than $9.4 Million In First-time Homebuyer Funding
Funds spur home purchases in a range of locations; help buyers establish solid equity base -- Federal Home Loan Bank of Atlanta,Sharon Cook,Atlanta 11/10/2009
→ Home Federal Bank Partners With Harland Financial Solutions Upgrades Banking Software To Phoenixefe(tm) System
PhoenixEFE(TM) System will improve efficiency and customer service. -- Home Federal Bank,Dawn Williams,Shreveport La. 11/09/2009
→ S&p Launches Global Data Solutions, Providing Financial Institutions With An Enterprise Solution Integrating Unique And Comprehensive Data Sets
Standard & Poor's Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, today announced the launch of Standard & Poor's Global Data Solutions, a comprehensive, enterprise-level data feed solution that brings together a wide range of data and analytics to allow financial institutions to evaluate and monitor the financial instruments in their portfolios. For more information or to subscribe to Global Data Solutions, click here. -- Standard & Poor`s,Michael Privitera,New York 11/09/2009
→ Brookdale Announces Secondary Offering By Selling Stockholders
Brookdale Senior Living Inc. (NYSE:BKD) (the "Company") announced today that certain funds managed by affiliates of Fortress Investment Group LLC (the "Fortress stockholders") intend to offer in an underwritten offering 11,000,000 shares of the Company's common stock. The Fortress stockholders are also expected to grant the underwriter a 30-day option to purchase up to 1,100,000 additional common shares. -- Brookdale Senior Living Inc.,Ross Roadman,Nashville Tenn. 11/09/2009
→ Enterprise Acquisition Corp. And Armour Residential Reit, Inc. Announce Closing Of Merger Transaction
Enterprise Acquisition Corp. ("Enterprise") (NYSE Amex: EST; EST.U; EST.WS) and ARMOUR Residential REIT, Inc. ("ARMOUR") today announced the completion of their merger transaction. ARMOUR will immediately begin conducting business as a REIT, primarily investing in hybrid adjustable-rate, adjustable-rate and fixed-rate residential mortgage-backed securities issued or guaranteed by a U.S. Government-chartered entity. -- Enterprise Acquisition Corp.,Jeffrey Zimmer,Boca Raton Fla. 11/09/2009
→ Internet Access To Pnc Executive Presentation At Bancanalysts Association Of Boston Conference
The PNC Financial Services Group, Inc. (NYSE:PNC) announced today the internet access for the live webcast of the presentation of Senior Vice Chairman William S. Demchak at the BancAnalysts Association of Boston Financial Services Conference at 10:45 a.m. (ET) today. -- The PNC Financial Services Group, Inc.,Brian E. Goerke,Pittsburgh 11/09/2009
→ The Blackstone Group And Glimcher To Form Joint Venture
Joint Venture to Acquire Lloyd Center and WestShore Plaza -- Glimcher Realty Trust,Lisa A. Indest,Columbus Ohio 11/06/2009
→ Webster To Make Presentation At Investor Conference
City; WATERBURY, Conn. -- Webster Financial Corporation,Ed Steadham, 11/06/2009
→ Firstmerit Names Goodall As Executive Vice President, Commercial Banking
FirstMerit Corporation announces the appointment of David G. Goodall as Executive Vice President, Commercial Banking. Goodall joined FirstMerit in April, 2009, as Executive Vice President, Specialty Lending, and became acting leader of Commercial Banking in September. -- FirstMerit Online,Thomas O'Malley,Akron Ohio 11/06/2009
→ Enterprise Acquisition Corp. And Armour Residential Reit, Inc. Announce Approval Of Merger Transaction
Enterprise Acquisition Corp. ("Enterprise") (NYSE Amex: EST; EST.U; EST.WS) and ARMOUR Residential REIT, Inc. ("ARMOUR") announced that Enterprise's stockholders today approved the proposed merger transaction with ARMOUR at Enterprise's special meeting of stockholders. The closing of the transaction is anticipated to occur on November 5, 2009. -- Enterprise Acquisition Corp.,Ezra Shashoua,Boca Raton Fla. 11/06/2009
→ Make Your Home More Energy Efficient, And Get A Better Mortgage.
Buy a more Energy Efficient home, and get a better mortgage. -- Bank of Colorado,Stephen Ponce-Pore,Fort Collins Colo. 11/06/2009
→ Redding Bank Of Commerce(tm) Announces New Bank Director
Patrick J. Moty, President & CEO of Bank of Commerce Holdings (NASDAQ:BOCH) , a $814 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 the addition of Joseph Gibson to director of Redding Bank of Commerce(TM). -- Bank of Commerce Holdings,Samuel D. Jimenez,Redding Calif. 11/06/2009
→ Fannie Mae Announces Deed For Lease(tm) Program
Fannie Mae (NYSE:FNM) is implementing the Deed for Lease(TM) Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender. -- HomePath,Amy Bonitatibus,Washington 11/06/2009
→ The Huntington National Bank Announces Results To Date Of Its Offer To Purchase For Cash Subordinated Bank Notes With Aggregate Principal Amount Up To $400 Million
Huntington Bancshares Incorporated (NASDAQ:HBAN) www.huntington.com. The Huntington National Bank ("Huntington") announced the results to date of its offer to purchase subordinated bank notes having an aggregate principal amount up to $400,000,000 (the "Tender Offer"). As of 5:00 p.m., New York City time, on November 4, 2009, Huntington had received tenders of subordinated bank notes having an aggregate principal amount of $369,828,000 as set forth in the table below: -- Huntington Bancshares,Jay Gould,Columbus Ohio 11/06/2009
→ Firstmerit Corporation To Present At Sandler O`neill + Partners East Coast Financial Services Conference
FirstMerit Corp. (NASDAQ: FMER) will be participating in the Sandler O'Neill + Partners East Coast Financial Services Conference in Palm Beach, Fla., on Thursday, November 12, 2009 at 8:55 a.m. ET. Paul G. Greig, Chairman & CEO, will discuss business, financial performance and strategies. The presentation will include forward-looking statements. -- FirstMerit Online,Thomas O'Malley,Akron Ohio 11/06/2009
→ Digital Realty Trust, Inc. Receives Bbb Rating From Fitch Ratings
Digital Realty Trust, Inc. (NYSE:DLR) , the leading owner and manager of corporate and Internet gateway datacenter facilities, today announced that Fitch Ratings initiated credit ratings on the Company with a 'BBB' Issuer Default Rating ('IDR'). -- Digital Realty Trust, Inc.,Pamela Matthews,San Francisco 11/06/2009
→ Marshall & Ilsley Corporation To Present At The Bank Of America Merrill Lynch Banking And Financial Services Conference
Marshall & Ilsley Corporation (NYSE:MI) (M&I) will present at the Bank of America Merrill Lynch Banking and Financial Services Conference at 9:30 a.m. (Central Standard Time) Wednesday, Nov. 11, at the Grand Hyatt Hotel in New York City. -- Marshall & Ilsley Corporation,Greg Smith,Milwaukee 11/06/2009
→ Hovnanian Enterprises Announces Appointment Of New Chairman Of The Board Of Directors
Hovnanian Enterprises, Inc. (NYSE:HOV) , a leading national homebuilder, announced today that its Board of Directors has appointed Ara K. Hovnanian as Chairman of its Board of Directors, in addition to his positions as President and Chief Executive Officer of the Company. -- K. Hovnanian Enterprises, Inc.,J. Larry Sorsby,Red Bank N.j. 11/06/2009
→ Mortgage Fraud Surge Investigation Nets More Than 100 Individuals Throughout Middle Florida
Part of the Justice Department's Ongoing Initiative -- U.S. Department of Justice,Steve Cole,Tampa Fla. 11/05/2009
→ Pro Teck Welcomes New Sales Director
Pro Teck Valuation Services, a leading real estate valuation and risk solutions provider, today announced that Al Dalupan has joined the Company as Sales Director, Business Development. He will report to Ed Hunter, Executive Director. -- Pro Teck Valuation Services,Domenica Puleo,Waltham Mass. 11/05/2009
→ Astoria Financial Corporation To Present At Sandler O`neill East Coast Financial Services Conference
Astoria Financial Corporation (NYSE:AF) , announced that it will participate in the 2009 East Coast Financial Services Conference sponsored by Sandler O'Neill & Partners, L.P. on Thursday, November 12, 2009. Astoria's President and Chief Operating Officer, Monte N. Redman, will be presenting at the conference, Session 2, at 10:55 a.m. Eastern Time. -- Astoria Financial Corporation,Peter J. Cunningham,Lake Success N.y. 11/05/2009
→ Depotpoint Names Senior Financial Services Executive James G. Jones To Board Of Directors
- Default Technology Services Provider Enhances Mortgage Industry Leadership - -- DepotPoint, Inc.,Cary Brazeman,Seattle 11/05/2009
→ Dartappraisal.com Offers Complete Broker Solution For Fha Appraisal Compliance
Enhancements to DartExpress technology ensure mortgage brokers adhere to 2010 FHA appraiser independence requirements -- Dart Appraisal Services,Marko Berishaj,Troy Mich. 11/05/2009
→ Freddie Mac Prices $1 Billion Reopening Of 1.125% Two-year Reference Notes(r) Security
Freddie Mac (NYSE:FRE) announced today that it auctioned a $1 billion reopening of its 1.125% two-year USD Reference Notes® security that matures on December 15, 2011. The stop yield for the issue, CUSIP 3137EACF4, was 1.179%, priced at 99.886974, or approximately 24.5 basis points more than two-year U.S. Treasury Notes. The bid-to-cover ratio was 4.01 to 1. -- Freddie Mac,Michael Cosgrove,Mclean Va. 11/05/2009
→ Citizens Republic Bancorp Extends Participation In Fdic Transaction Account Guarantee Program
Citizens Republic Bancorp, Inc. (NASDAQ:CRBC) today announced that it will continue its participation in the Federal Deposit Insurance Corporation's (FDIC) voluntary Transaction Account Guarantee Program (TAGP) under the Temporary Liquidity Guarantee Program through June 30, 2010. -- Citizens Republic Bancorp, Inc.,Charles D. Christy,Flint Mich. 11/05/2009
→ Freddie Mac Announces $1 Billion Reopening Of 1.125% Two-year Reference Notes(r) Security
Freddie Mac (NYSE:FRE) announced today that it plans to launch a $1 billion reopening of its 1.125% two-year USD Reference Notes® security that matures on December 15, 2011. The issue will price today, Wednesday, November 4, 2009, and will settle Thursday, November 5, 2009. -- Freddie Mac,Michael Cosgrove,Mclean Va. 11/05/2009
→ Legislation Compliance Management Program Simplifies Regulatory Burden
Regulatory compliance consultancy R.I.S.C. Associates announces Legislation Compliance Manager(TM) (LCM), an automated legislation and compliance management program that helps mortgage servicers track and comply with new state and federal legislation. Following their success with Vendor Compliance Manager, an automated vendor management program for GLBA compliance, LCM simplifies the tracking, management and compliance with pending and passed legislation all within an intuitive, menu-driven system and centralized Management Dashboard. -- R.I.S.C. Associates,Mick Kless,Ocean N.j. 11/05/2009
→ Digital Realty Trust Acquires Two Fully Leased Datacenter Facilities In Silicon Valley
Acquisition expands Company's footprint by 185,000 square feet in top tier datacenter market -- Digital Realty Trust, Inc.,A. William Stein,San Francisco 11/04/2009
→ Clayton Holdings Names Thomas Gere, Senior Managing Director
Gere to Expand Clayton's Business Development Capabilities with Commercial Banks and Mortgage Banking Companies -- Clayton Holdings Inc,Bill Campbell,Shelton Conn. 11/04/2009
→ Lps Named A Top Financial Technology Provider In Fintech 100
Mortgage and Real Estate Technology Leader Earns Top-10 Ranking in First Year as an Independent Company -- Lender Processing Services,Parag Bhansali,Jacksonville Fla. 11/04/2009

