Prof Annoucements July 31, 2010
→ Enercom, Inc. to Host The Oil & Gas Conference® 15 on August 22-26, 2010
EnerCom, Inc. (www.enercominc.com) will host The Oil & Gas Conference® 15 at the Westin Tabor Center on August 22-26, 2010 in Denver. In its 15th year, the conference is the oldest and largest energy investment conference hosted in Denver, showcasing more than 90 companies with a combined enterprise value of more than $1 trillion. Investment professionals interested in attending this event can register at http://theoilandgasconference.com/Form1.aspx. -- EnerCom, Inc.,Kay Grover,Denver 07/31/2010
→ Survey Supports Financial Literacy for Youth
MMI survey studies how the next generation is banking, saving, spending, and fundraising -- Money Management International,Tanisha Warner,Houston 07/31/2010
→ Freddie Mac Will Not Issue a Reference Notes® Security on July 29, 2010
Freddie Mac (OTC Bulletin Board: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company's 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities. -- Freddie Mac,Michael Cosgrove,Mclean Va. 07/31/2010
→ Jackson Hewitt® Shares Top 5 Areas to Review as Part of Mid-Year Mid-Year-`5-Point Tax Mid-Year-`5-Point-Check-Up`
In celebration of the Company's first-ever "Big Tax Check-Up Day," Chief Tax Officer Mark Steber of Jackson Hewitt Tax Service® shares the top five items to consider now as part of a mid-year tax review: -- Jackson Hewitt Tax Service Inc.,Melissa Connerton,Parsippany N.j. 07/31/2010
→ Credit News From Premier by Louis S. Barnes July 30, 2010
The end of July usually marks the quietest time of the year for markets. Big-shot bankers are away from trading desks, loading up for August in the Hamptons -- in the old days to kick sand at 98-pound weaklings, today to compete for most-obnoxious conduct on a beach with a cell phone. -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 07/30/2010
→ Alliancebernstein Income Fund Releases Monthly Portfolio Update
AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of June 30, 2010. -- AllianceBernstein Income Fund, Inc.,Shareholder Contact,New York 07/29/2010
→ Hanover Community Bank: Providing Liquidity to the Community
Hanover Community Bank will be honoring its commitment to Long Island widower George Baumann and funding his $271,000 loan. -- Hanover Community Bank,Frank Carone,Garden City N.y. 07/29/2010
→ Bb&t Insurance Earns Three top Awards in Customer Satisfaction From Greenwich Associates
BB&T sweeps national and regional excellence awards among mid-market and large corporate insurance -- BB&T Insurance Services,Randy Screen,Raleigh N.c. 07/29/2010
→ Invest in Others Charitable Foundation Donates $30,000 to Pine Street Inn Through Second Annual 5K Run/walk in Boston
- Funds Awarded to Nonprofit Will Directly Benefit Homeless Veterans- -- Invest in Others Charitable Foundation, Inc.,Joseph Kuo,Boston 07/29/2010
→ Webster Provides Credit Enhancement for $20,185,000 Chefa Bond Financing to Hospital for Special Care
Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE:WBS) , announced today this it is providing $20,185,000 in financing for Hospital for Special Care to fund its new neurobehavioral building on its New Britain, Conn. campus and to refinance existing debt. -- Webster Bank,Robert Guenther,Waterbury Conn. 07/29/2010
→ Ellie MAE Adds PHH Mortgage TO Encompass360ä Select Program
Encompass360 Select program provides automated loan pricing from PHH Mortgage, accessible from directly within the Encompass360 mortgage management software -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 07/29/2010
→ ICBA: Private Mortgage Insurance Critical to Housing Recovery Without Pmi, Housing Recovery Will Take Longer
Marti Rodamaker, president of First Citizens National Bank in Mason City, Iowa, testified today on behalf of the Independent Community Bankers of America (ICBA) before the House Financial Services Capital Markets Subcommittee. During her testimony, the Iowa community banker stressed that private mortgage insurance (PMI) is critical to the nation’s housing recovery and any reform of it must be made in coordination with other elements of housing finance reform. -- The Independent Community Bankers of America,Bill Grassano,Washington DC 07/29/2010
→ PMI Foundation Awards $50,000 Grant to Consumer Credit Counseling Service of San Francisco
The PMI Foundation, the philanthropic arm of the PMI Group, Inc. (NYSE:PMI) , today announced a $50,000 grant to the Consumer Credit Counseling Service (CCCS) of San Francisco. The grant will support continued funding for CCCS of San Francisco's successful nationwide mortgage default counseling program which has helped thousands of borrowers avoid foreclosure and retain their homes. It will also provide funding for the expansion of home buyer education, in both English and Spanish, to assist homebuyers in preparing for the long-term responsibilities and challenges of homeownership. -- The PMI Group, Inc.,Bill Horning,Walnut Creek Calif. 07/28/2010
→ Citizens Community Bank Announces Promotions of Blackwell, Evans, Ivey to Management Team
Citizens Community Bank (CCB) announces the promotions of Holly S. Blackwell to Assistant Vice President and South Hill Branch Manager, John S. "Sep" Evans Jr. to Vice President and Branch Administrator, and Kim E. Ivey to Vice President and Senior Branch Manager in the North Carolina region. -- Citizens Community Bank,Thomas C. Manson,South Hill Va. 07/28/2010
→ Bancorpsouth`s College Student Campaign Offers Opportunity to Win a Semester`s Free Tuition
BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc. (NYSE:BXS) , is providing college and college-bound students an opportunity to win up to $5,000 towards tuition costs for this fall's semester. In addition to the grand prize of a tuition-free semester, the bank is also providing ten first prizes of free Apple iPads. -- BancorpSouth, Inc.,Randy Burchfield,Tupelo Miss. 07/28/2010
→ New Mortgage Industry Association Has Been Formed To Promote Thought Leadership and Innovation
PROGRESS in Lending Association affirms that the status quo is not what’s going to get the -- Progress In Lending,Tony Garritano,WILTON ct 07/28/2010
→ Etec to Market Inhouse Connexions as Private Label Appraisal Process Management Technology
Advanced technology expands appraisal management company’s product and service offerings for lender clients -- Inhouse Inc,Chuck johnson,Orange Ca 07/28/2010
→ Mortgage Applications Decrease in Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4.2 percent compared with the previous week. -- CampusMBA,Melissa Key,Washington District of Columbia 07/28/2010
→ Mortgage Builder and Nylx Integrate Systems to Bring Advanced Pricing and Origination Capabilities to Mortgage Lenders
Alliance brings industry’s most reliable product eligibility and pricing technology to fingertips of Mortgage Builder users -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 07/28/2010
→ Fannie Mae Announces Semiannual Multifamily Investment Volumes
Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company, through its lender and housing partners, provided $5.9 billion in investment to the multifamily rental housing market for the first half of 2010. -- HomePath,Heather Baker,Washington 07/28/2010
→ Icici Bank UK Wins the Your Money Awards for `best Online Savings Provider 2010`
ICICI Bank UK Plc has won the Your Money Direct Awards 2010 for 'Best Online Savings provider 2010' for its HiSave product range. -- ICICI Bank UK PLC,Lisa Donohue,London 07/28/2010
→ Siemens Wins Sale to Korea and Maintains U.S. Jobs Backed by Ex-Im Bank Financing
Siemens' Charlotte, N.C., Plant Expansion To Create 1,000 Jobs -- Export-Import Bank of the United States,Marianna Ohe,Washington 07/28/2010
→ Partnerfirst Teams up With the National Association of Real Estate Brokers (nareb) to Launch its Homeowner-Focused Minority Outreach Initiative
PartnerFirst, LLC announced today its partnership with the National Association of Real Estate Brokers (NAREB) in creating a certified, nationwide, and multicultural short sale agent network to help minority communities across America avoid foreclosure. -- PartnerFirst,Son Nguyen,Corona Calif. 07/27/2010
→ Iberiabank Launches Iberia Wealth Advisors
IBERIABANK (www.iberiabank.com), the 123-year-old subsidiary of IBERIABANK Corporation (NASDAQ:IBKC) , is pleased to announce the launch of IBERIA Wealth Advisors, a team focused on building the Company's trust and asset management business. -- IBERIABANK Corporation,Beth Ardoin,Lafayette La. 07/26/2010
→ Iberiabank Corporation Announces Fifth Fdic-Assisted Acquisition
IBERIABANK (www.iberiabank.com), the 123-year old subsidiary of IBERIABANK Corporation (NASDAQ:IBKC) , announced that it has entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation ("FDIC") to purchase certain assets and to assume certain deposits and other liabilities of Sterling Bank, a full service Florida-chartered commercial bank headquartered in Lantana. Based on available information as of March 31, 2010, Sterling reported: -- IBERIABANK,John R. Davis,Lafayette La. 07/26/2010
→ Pure Industrial Real Estate Trust Announces Sale Leaseback Agreement
Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) today announced an unconditional agreement to purchase a single tenant income producing industrial property (the "Property") located in Edmonton, Alberta for a total purchase price of $14,800,000. -- Pure Industrial Real Estate Trust (PIRET),Darren Latoski,Vancouver 07/26/2010
→ Southside Bancshares, Inc. Announces Net Income for the Three and Six Months Ended June 30, 2010
NASDAQ Global Select Market Symbol - 'SBSI' -- ,System Admin,Tyler Texas 07/26/2010
→ Union First Market Bankshares to Present at Kbw`s 11th Annual Community Bank Investor Conference on July 27, 2010
Union First Market Bankshares Corporation (NASDAQ:UBSH) announced that G. William Beale, CEO and D. Anthony Peay, EVP & CFO of Union First Market Bankshares Corporation, will be presenting at the Keefe, Bruyette & Woods (KBW) 11th Annual Community Bank Investor Conference at the Waldorf Astoria, in New York City on Tuesday, July 27, 2010. The presentation is scheduled for approximately 3:00 p.m. Eastern Daylight Time. -- Union Bankshares,D. Anthony Peay,Richmond Va. 07/24/2010
→ People`s United Financial Appoints John P. Barnes as President and CEO
Barnes to Lead Company's Strategy of Continued Growth and Increased Shareholder Value -- People`s United Financial, Inc.,Valerie C. Carlson,Bridgeport Conn. 07/24/2010
→ HSA Bank Announces Expansion of Investment Option
HSA Bank announced today the addition of six new investment options to the Mutual Fund Selection investment account. Through a strategic partnership with Devenir, the national leader in investment options for health benefit plans, HSA Bank accountholders now have the option of investing in even more asset classes and load-waived mutual funds. -- HSA Bank; Webster Financial Corporation,Patrick Rose,Waterbury Conn. 07/23/2010
→ Mark Zandi Joins Mgic Investment Board
MGIC Investment Corporation (NYSE:MTG) today announced that Dr. Mark Zandi has joined the company's Board of Directors. Dr. Zandi is chief economist of Moody's Analytics, where he directs economic research and consulting. Moody's Analytics is a subsidiary of Moody's Corporation that is separately managed from Moody's Investor Service, the rating agency subsidiary of Moody's Corporation. -- Mortgage Guaranty Insurance Corporation,Michael J. Zimmerman,Milwaukee 07/23/2010
→ Lisc Financial Opportunity Centers Tapped by First-Ever Grants From Social Innovation Fund
The Local Initiatives Support Corporation (LISC) has been awarded $4.2 million under the Obama Administration's groundbreaking Social Innovation Fund (SIF) to extend the reach of LISC Financial Opportunity Centers and help low- and moderate-income families realize lasting economic stability. The grant will support new and expanded Centers in Chicago, Cincinnati, Detroit, Duluth, Houston, Indianapolis, Minneapolis/St. Paul, San Diego, and the San Francisco Bay Area. -- Local Initiatives Support Corporation,Colleen Mulcahy,New York 07/23/2010
→ Slcg Principal, Joseph R. Prendergast, Receives Prestigious Peter L. Bernstein Award for `fundamental, Flight-To-Quality, and Flight-To-Quality,-Flight-To-Liquidity Components in Subprime Flight-To-Quality,-Flight-To-Liquidity-Mortgage-Backed Security Ret
Securities Litigation and Consulting Group, Inc. is proud to congratulate Dr. Joseph R. Prendergast, a principal in its Virginia office, who yesterday was awarded the prestigious Peter L. Bernstein award by Institutional Investor Journals. The award "honors extraordinary and compelling research" published in any of the 10 Institutional Investor Journals over the past year. Dr. Prendergast received the award for his paper titled "Fundamental, Flight-to-Quality, and Flight-to-Liquidity Components in Subprime Mortgage-Backed Security Returns" which appeared in the Summer 2009 issue of the Journal of Fixed Income. His article identifies factors that determined subprime security returns during the recent financial crisis. -- Securities Litigation and Consulting Group, Inc.,Dr. Craig McCann,Washington 07/23/2010
→ Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million Pounds Sterling
Host Hotels & Resorts, Inc. (NYSE:HST) today announced that it acquired the 266-room Le Meridien Piccadilly in London, England at a purchase price of 64 million pounds, including the assumption of a 33 million pound mortgage. The hotel is located in the prestigious Mayfair district of London, a central location for both business and leisure travelers and offers 12,000 square feet of meeting space as well as a large health club featuring one of the largest indoor pools in the London hotel market. -- Host Hotels & Resorts, Inc.,Investor Relations,Bethesda Md. 07/23/2010
→ Knight Capital Group Announces Departure of Gary Katcher
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Gary Katcher, 53, Executive Vice President and Head of Global Institutional Fixed Income, has resigned from his position. The company and Mr. Katcher have agreed the resignation will be effective July 31, 2010. James P. Smyth, 55, Executive Vice President, will assume Mr. Katcher's responsibilities on an interim basis while a search for a permanent replacement is conducted. -- Knight Capital Group, Inc.,Margaret Wyrwas,Jersey City N.j. 07/23/2010
→ Credit News From Premier By Louis S. Barnes July 23, 2010
One line in Perfesser Bernanke's testimony dominated the week, but in an odd way: it was an anti-forecast. "Uncertainty about the outlook for growth and unemployment... greater than normal...." -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 07/23/2010
→ Statement by John Berlau, Director of Cei`s Center for Investors and Entrepreneurs, on the Dodd-Frank Financial Regulation Bill
The 2,315 page Dodd-Frank financial regulation bill should not be called "financial reform." Instead, it should be called what it is: pages and pages of massively costly, counterproductive and possibly unconstitutional mandates on nearly every type of business, except for those government-sponsored enterprises at the root of the crisis. And while the bill claims to crack down on excesses on Wall Street, its harshest impact will likely be on Main Street businesses that had nothing to do with the crisis. -- Competitive Enterprise Institute,Richard Morrison,Washington Dc 07/22/2010
→ What Did the New Financial Regulation Law Miss?
Expert Describes Loopholes That May Reduce New Law’s Effectiveness -- Ems Incorporated,Rachel Friedman,Clearwater Fl 07/22/2010
→ Wolters Kluwer Law & Business Delivers Complete Text, Analysis of Dodd-Frank Act
Definitive Resource Offers Immediate Insight into New Financial Reform Law -- Wolters Kluwer Law & Business,Leslie Bonacum,Riverwoods Ill. 07/21/2010
→ One Reverse Mortgage to Move to Detroit
- Nation's fastest growing reverse mortgage company is moving to Compuware Building - -- One Reverse Mortgage LLC,Aaron Emerson,Detroit 07/21/2010
→ Kislak Mortgage to Open Storefronts Throughout Florida to Provide Easily Accessible Mortgage Loans
Company Seeks to Expand Operations across Florida, Looks to Hire Upward of 150 Loan Officers and Mortgage Servicers -- Kislak Mortgage,Danielle Devoren,Miami Lakes Fla. 07/21/2010
→ Pennsylvania Departments of Banking, Aging Announce New Policy on Reverse Mortgages to Help Protect Older Homeowners
Secretary of Banking Steve Kaplan and Secretary of Aging John Michael Hall today announced that a new policy for the reverse mortgage industry defines proper conduct of mortgage lenders and helps to protect Pennsylvania's older homeowners. -- Offical Pennsylvania State Police Web Site,Ed Novak,Harrisburg Pa. 07/21/2010
→ The Execution Solution: Five Trade Secrets of Companies That Consistently Get Things Done
What differentiates the results-getters from the can’t-get-it-done-ers? It’s not strategy or vision or quality or any of the other usual suspects. Rick Lepsinger, author of Closing the Execution Gap, reveals five research-based “bridges” that set companies up for success. -- Dehart & Company Public Relations,Dottie DeHart,Hickory Nc 07/21/2010
→ Ten Great Reasons To Choose Legal & General Home Insurance...
Save up to 43% off our standard home insurance rates:
20% discount for three or more years claim free home insurance
Up to 16% discount when you insure buildings and contents together on the same policy
15% online discount – applies to the first year’s premium only
As discounts are applied consecutively to our standard rates, your maximum discount will be 43% -- Greenlight Search Engine Marketing,Guest,England 07/21/2010
→ Ticking Timebomb
Since the new government took power in the middle of May the centre of the media attention has rested firmly on George Osborn and his fellow Ministers at the Treasury as they continue to try to get a grip on the public finances. -- Guest,Guest,New York Ny 07/21/2010
→ MBA Names Kathy Marquardt Associate Vice President of Commercial Servicing and Council Coordinator
John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Kathy Marquardt as Associate Vice President of Commercial Servicing and Council Coordinator, effective August 9, 2010. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 07/21/2010
→ Extending Unemployment Benefits Will Increase Unemployment, Hurt Economy
The Senate today approved an extension of federal unemployment benefits to a maximum of 99 weeks. This move is likely to create unintended negative consequences which will have effects throughout the economy. -- Competitive Enterprise Institute,Richard Morrison,Washington Dc 07/21/2010
→ Invest in Others Charitable Foundation to Host 5K Run/walk Open to Public in Boston on July 28, 2010
- Funds Raised to Benefit Pine Street Inn, a Nonprofit Focused on Ending Homelessness in Boston - - Event Registration Open to Public - -- Invest in Others Charitable Foundation, Inc.,Joseph Kuo,Boston 07/20/2010
→ Syncora Completes Remediation Plan
Claims Payments to Recommence July 21, 2010 -- Syncora Holdings Ltd.; Syncora Guarantee Inc.,Michael Corbally,New York 07/20/2010
→ Sovereign Bank and Liberty Mutual Launch Insurance Alliance
Bank customers can enjoy the convenience of point-of-sale insurance products from Sovereign mortgage officers as well as through Liberty Mutual's other distribution channels -- Sovereign Bank,Ellen Molle,Boston 07/20/2010
→ BNY Mellon Appoints Patrick Tadie as Global Business Head for Derivatives360(sm) Offering
Will lead the coordination and development of derivatives services across the company -- BNY Mellon,Kevin Heine,New York 07/20/2010
→ Avison Young Acquires Hodges Management and Leasing Company
Purchase expands Avison Young's Atlanta, Georgia presence, increases North American management portfolio to 50 million square feet; seven new Principals added -- Avison Young (Canada) Inc.,Sherry Quan,Toronto 07/20/2010
→ Freddie Mac, New Vista, Redc to Auction 135 Homes on August 7 in Phoenix to Boost First-Time Homeownership
Auction to Support Federal Neighborhood Stabilization Program, Offer Eligible Buyers Downpayment, Closing Cost Assistance, 2-Year Home Warranty -- Freddie Mac,Brad German,Mclean Va. 07/19/2010
→ Suntrust Completes Strategic Review of Ridgeworth Capital Management
Federated Investors, Inc. to Acquire $17 Billion in Managed Liquidity Assets -- Suntrust Mortgage, Inc.,Michael McCoy,Atlanta 07/19/2010
→ Nationwide Commercial Property Financing 45 days Funding
Purchase, Refinance, Construction, Rebabilitation -- Atlantic Equity Partners LLC.,Reginald Ollison,nationwide all 07/19/2010
→ Project Funding Monetized JP Morgan CD Program
This process is to secure a Leased CD from Chase Manhattan with a Face Amount of $100,000,000 dollars (One Hundred Million USD). -- Atlantic Equity Partners LLC.,Reginald Ollison,Raleigh North Carolina 07/19/2010
→ Proof Of Funds Escrow or Bank Account For Real Estate Transactions
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 07/19/2010
→ CD Leased Instrument Program Project Funding
Project Funding -- Atlantic Equity Partners LLC.,Reginald Ollison,Raleigh NC 07/18/2010
→ Congress Approves Wall Street Reform Bill, First Step to Overhaul Policies of Greed That Brought on the Financial Crisis
Consumer Watchdog applauded final Congressional passage today of the Wall Street Reform and Consumer Protection Act, which now heads to President Obama for his signature. -- Consumer Watchdog,Carmen Balber,Washington 07/16/2010
→ Care Investment Trust Inc. Announces Self-Tender Offer
Care Investment Trust Inc. (NYSE:CRE) ("Care" or the "Company"), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today announced the commencement of a tender offer to purchase up to 100% of its currently issued and outstanding common stock at a price of $9.00 per share subject to a minimum subscription of 10,300,000 shares and certain other conditions. -- Care Investment Trust Inc.,Torey Riso,New York 07/16/2010
→ Aarp Applauds Senate Passage of Financial Reform
Bill Will Protect Americans' Money and Help Stabilize Our Economy -- AARP Illinois,Gerardo Cardenas,Springfield Ill. 07/16/2010
→ Hoffa Commends Congress for Enacting Financial Reform
Teamsters Leader Says Re-regulation Could Help Create Jobs -- International Brotherhood of Teamsters,Galen Munroe,Washington 07/16/2010
→ Morgans Hotel Group Successfully Refinances London Debt in Full
Morgans Hotel Group Co. (NASDAQ:MHGC) ("MHG"), the operator and 50% owner of the London joint venture that owns Sanderson and St Martins Lane, today announced that it has successfully refinanced in full the mortgage debt secured by the hotels with a new loan maturing in July 2015. The old loan was scheduled to mature in November 2010. -- Morgans Hotel Group Co.,Jennifer Foley,New York 07/16/2010
→ Freddie Mac Approves First Michigan Bank to Sell and Service Mortgages
Privilege previously terminated for Citizens First Bank -- First Michigan Bancorp, Inc.,Tom Szczepanski,Troy Mich. 07/15/2010