Industry News

Redwood Trust Inc. have been boosted by one million dollars. An update has been made by the Mill Valley, California-based company and the Mortgage Partnership Finance Program. A joint announcement issued Monday indicated that the loan limit on mortgage loans for the MPF Direct product was raised."/>
Higher Jumbo Limit at Redwood [Mortgage Daily]
Big Non-Agency RMBS Transaction [Mortgage Daily]
Wells Fargo Prominent Among Mortgage Layoffs [Mortgage Daily]
M and A Navigator: Deal pipeline –19 July
Moody's Investor Service. Moody's graded the UM System's credit as Aa1, the second highest long-term credit rating an institutions can receive. In its credit rating report, Moody's listed the university's $3.4 billion in cash and investments, it's profitable health care operations and reduced long-term liabilities brought on by changes to retiree health benefits, as strengths."/>
University of Missouri credit outlook looking 'stable' [St. Louis Post-Dispatch]
Mitsubishi UFJ Financial Group, Inc. hereby announces that it has filed its Annual Report on Form 20- F for the fiscal year ended March 31, 2016 with the U.S. Securities and Exchange Commission on July 15, 2016. The Annual Report includes MUFG’ s audited consolidated financial statements prepared under U.S."/>
Mitsubishi UFJ Financial Group, Inc. Announces Filing of Annual Report on Form 20-F for the Year Ended March 31, 2016
Nasdaq have officially announced that JPX has gone live with their new next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. This is a milestone in the relationship between Nasdaq and JPX, who have been working together since 2011.. “We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange,” said Lars Ottersgård, Executive Vice President,..."/>
Japan Exchange Group (JPX) Launches Next Generation Technology Suite Powered by Nasdaq
Arab Bank, or UAB, on Monday announced that the bank generated a net profit of Dh71 million for the first half of 2016 compared to a net loss of Dh511 million in the same period in 2015.. Shaikh Faisal bin Sultan bin Salem Al Qassimi, chairman of the Board of Directors, said: "The board is pleased to see the improved operating performance continue into the second quarter, demonstrating the strength of our' core' business. Although 2015 was a challenging year for UAB,..."/>
UAB posts profit of Dh71m in H1 [Khaleej Times, Dubai, United Arab Emirates]
Apple Pay, Android Pay and Samsung Pay."/>
Walmart Pay is here, but you might experience hiccups [Pioneer Press, St. Paul, Minn.]
Cornerstone Community Bancorp,, announced today its financial results for the second quarter ended June 30, 2016.. The Company reported net income of $361,000 for the three months ended June 30, 2016 compared to net income of $188,000 for the same period last year. Diluted earnings per share increased 93% to $0.27 for the three months ended June 30, 2016 compared to $0.14 for the same period last year."/>
Cornerstone Community Bancorp Reports Financial Results for the Second Quarter Ended June 30, 2016
Pennsylvania Real Estate Investment Trust said Monday that the decision to put the mall on the market came after Shell announced last month it was moving forward with the multibillion-dollar ethane cracker planned a half-mile away. "The development presents an opportunity to maximize..."/>
BRIEF: Beaver Valley Mall up for sale [The Pittsburgh Tribune-Review]
First Financial Bancorp has published its 2015 Community Development Report. It can be accessed at www.bankatfirst.com/home/community-development. html. The report focuses on the five key areas for community development: 1."/>
First Financial Bancorp Releases 2015 Community Development Report
Sovran Self Storage, has wrapped up its purchase of another self-storage operator, Life Storage."/>
Sovran to drop Uncle Bob's name in favor of Life Storage brand [The Buffalo News, N.Y.]
Altisource Residential Corporation will report earnings results for the second quarter of 2016 on Monday, August 8, 2016. Residential will also host a conference call at 8:30 a.m. Eastern Time on August 8, 2016 to discuss its second quarter results. A link to the live audio webcast will be available on Residential's website at www.altisourceresi.com through the Shareholders home page."/>
Altisource Residential Corporation Schedules Conference Call for Second Quarter 2016 Results
Wilshire Bancorp, Inc., the holding company for Wilshire Bank, today reported net income of $17.4 million, or $0.22 per diluted common share, for the quarter ended June 30, 2016. This compares to net income of $15.6 million, or $0.20 per diluted common share, for the same period of the prior year, and net income of $13.2 million, or $0.17 per diluted common share, for the first quarter of 2016.. Jae Whan Yoo, President and CEO of Wilshire Bancorp, said,“ We delivered a..."/>
Wilshire Bancorp Reports Net Income of $17.4 Million or $0.22 per Share for Second Quarter 2016
Mosaic Capital Corporation is pleased to announce that the cash distribution for the month of July 2016 in respect of its preferred securities will be paid on August 15, 2016 to all holders of preferred securities of record as of July 29, 2016. The July distribution will be $0.0833 per preferred security. For Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the..."/>
Mosaic Capital Corporation Confirms July 2016 Distribution in Respect of its Preferred Securities
PNC Financial Services Group, Inc. today announced that it has submitted a redemption notice to the trustee for redemption on Aug. 22, 2016 all of the outstanding Senior Notes due Sept. 19, 2016 issued by PNC Funding Corp in the amount of $1,250,000,000. The securities have a distribution rate of 2.70 percent and an original scheduled maturity date of Sept. 19, 2016. The redemption price will be equal to $1,000 per $1,000 in principal amount,..."/>
PNC Announces Redemption of PNC Funding Corp 2.70 Percent Senior Notes Due Sept. 19, 2016

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