Industry News

Allied Bank and closed down the Mulberry, Arkansas, financial institution."/>
114-Year-Old Bank Fails [Mortgage Daily]
Federal National Mortgage Association has taken it live. Fannie Mae disclosed in June that the planned June 25 release date for Desktop Underwriter Version 10.0 would be delayed to ensure a successful implementation. DU 10.0 utilizes trended credit data to provide an enhanced credit risk assessment and new automated underwriting capabilities for..."/>
Enhanced DU Goes Live [Mortgage Daily]
GLOBAL NET LEASE/AMERICAN REALTY CAPITAL TRUST II TIE-UP A 45- day "go shop" period has expired in US-based REIT Global Net Lease, Inc.' s deal to acquire US-based REIT American Realty Capital Global Trust II, Inc. for approximately USD 247 m, the companies said. The companies entered into a definitive agreement on 8 August, in a deal by and among GNL, American Realty Capital Global..."/>
M and A Navigator: Deal pipeline 27 September
PennyMac Mortgage Investment Trust declared a cash dividend of $0.47 per common share of beneficial interest for the third quarter of 2016. This dividend will be paid on October 27, 2016 to common shareholders of record as of October 7, 2016.. About PennyMac Mortgage Investment Trust."/>
PennyMac Mortgage Investment Trust Declares Third Quarter 2016 Dividend
CBOE Holdings Inc.. The deal comes less than four years after Chicago-based CME Group agreed to buy the 156- year-old Kansas City Board of Trade."/>
Lenexa-based Bats Global Markets agrees to $3.2 billion buyout [The Kansas City Star]
UNIFIRST CLOSES USD 122 M ACQUISITION OF ARROW UNIFORM. US-based work uniforms and facility services provider UniFirst Corp. has completed its acquisition of US-based Arrow Uniform for approximately USD 122 m, the company said."/>
M and A Navigator: Deal pipeline –26 September
S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Established in 1999 and often described as "the Oscars of the energy industry," the Platts Global Energy Awards..."/>
Finalists from 25 Countries Compete for 2016 Platts Global Energy Awards
BMO Introduces New Logo to Mark Bank's Bicentennial
Genworth MI Canada Inc. announced that on September 23, 2016, the Office of the Superintendent of Financial Institutions released a draft advisory for comment titled " Capital Requirements for Federally Regulated Mortgage Insurers". This draft advisory provides a new standard framework for determining the capital requirements for residential mortgage insurance companies. The proposed framework is more risk sensitive and incorporates..."/>
Genworth MI Canada Inc. Provides Primer on OSFI's Draft Advisory For The New Capital Framework For Mortgage Insurers
Southern Banc Company, Inc., the holding company for The Southern Bank Company, announced preliminary unaudited results of operations for the fourth quarter and year ended June 30, 2016:. For the three months ended June 30, 2016, the Company reported net loss of approximately $1,242,000, or$ per basic and diluted share as compared to a net loss of approximately $57,000, or$ per basic and diluted..."/>
The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
Altisource Residential Corporation announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. Residential will pay this quarterly dividend on October 14, 2016 to all stockholders of record as of the close of business on October 6, 2016.. Residential is focused on providing quality, affordable rental homes to families throughout the United States."/>
Altisource Residential Corporation Announces Quarterly Cash Dividend
Freddie Mac Prices $739 Million STACR Offering
Advanced Disposal Services, a waste-collection company based in suburban Jacksonville, announced the launch of its initial public offering Monday. The company is offering 19,250,000 shares of common stock and has begun meeting with investors. Once the sales close, public grading would begin."/>
Advanced Disposal Services launches IPO, plans to raise $400 million [The Florida Times-Union, Jacksonville]
American Overseas Group Limited today reported consolidated net loss available to common shareholders of $12.1 million, or $273.96 per diluted share, for the six months ended June 30, 2016. This compares to consolidated net income available to common shareholders of $7.0 million, or $165.62 per diluted share, for the six months ended June 30, 2015.. The results for the six months ended June 30, 2016 were impacted by unrealized losses on credit..."/>
Results of Operations for the Six Months Ended June 30, 2016 - American Overseas Group Limited Announces Net Loss Of $12.1 Million and Operating Loss of $5.5 Million For The Six Months Ended June 30, 2016
Newcastle Investment Corp. today announced a new executive leadership team designed to help execute Newcastle’ s strategic priorities in its traditional golf business and Drive Shack, an innovative global golf entertainment company. The Company also announced that, on September 23, 2016, Newcastle received $110 million in repayment of a legacy real estate loan as a result of the closing of the sale of Abercrombie& Kent, the world’ s foremost luxury travel company,..."/>
Newcastle Announces New Executive Leadership Team to Accelerate Growth of Golf Business – Growth Will Be Fueled by Receipt of Approximately $110 Million Legacy Real Estate Debt Repayment
New Mountain Finance Corporation announced today that it intends to commence an underwritten offering, subject to market and other conditions, of $35 million in aggregate principal amount of additional 5.00% unsecured convertible notes due 2019. In addition, the Company expects to grant the underwriters of the Notes an option to purchase up to an additional $5.25 million in aggregate principal amount of the Notes. The Notes constitute a further issuance of, rank..."/>
New Mountain Finance Corporation Announces Offering of Additional 5.00% Convertible Notes due 2019
Assurant, Inc., global provider of risk management solutions, is teaming up with website security company GamaSec to significantly lower the risk of attacks on small and medium business websites. Assurant is providing support for the limited warranty issued by GamaSec with its new GamaCyber website security offering."/>
Assurant Partners with GamaSec to Protect Website Owners from Cyberattack
Hope Bancorp, Inc., the holding company of Bank of Hope, today announced a branch optimization plan that includes a first phase of branch consolidations to be completed by year-end 2016, as well as expansion plans for an additional branch opening in the Houston market in the first quarter of 2017.. The first phase of branch consolidations will impact 12..."/>
Hope Bancorp Announces Branch Optimization Plan and Expansion in Houston Market
Universal Insurance Holdings, Inc. announced today that Universal Direct SM, its Direct-to-Consumer online platform for Universal Property& Casualty Insurance Company products, is now available to homeowners in Florida, Hawaii and North Carolina. With these additions, Universal Direct SM is now available in ten states, including Delaware, Georgia, Indiana, South Carolina, Pennsylvania, Minnesota and Alabama."/>
Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Florida, Hawaii And North Carolina
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, is pleased to announce that Guy Van Syckle, Associate, has been awarded the Rising Star of Energy Efficiency Award from the Alliance to Save Energy, a nonprofit coalition of business, government, environmental and consumer leaders advocating for energy efficiency to achieve a..."/>
Hannon Armstrong Associate Guy Van Syckle Receives Rising Star of Energy Efficiency Award from the Alliance to Save Energy

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