Industry News

STAG Industrial, Inc., a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States, today announced that the Company will release its second quarter 2016 financial results after market close on Tuesday, August 2, 2016. The Company will host a conference call on Wednesday, August 3, 2016 at 10:00 a.m. to discuss the financial results. The call can be accessed live..."/>
STAG Industrial To Report Second Quarter 2016 Financial Results
Allied World Assurance Company Holdings, AG announced today that Allied World North America has teamed with Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro ®. Designed for companies with less than $25 million in annual revenues, UmbrellaPro ® provides 24/ 7/ 365 access for agents and brokers to quote, bind and issue policies for over 600 eligible classes of business."/>
Allied World North America Launches Online Small Business Umbrella Program with Great Point Insurance through UmbrellaPro®
S&P Global announced today that its second quarter 2016 results will be issued on Thursday, July 28, 2016, via news release at approximately 7:15 a.m. Eastern Daylight Time. The news release will be available at www.spglobal.com. Douglas L. Peterson, President and CEO; Jack Callahan, Executive Vice President and CFO; and Chip Merritt, Vice President, Investor Relations, will host a conference call/webcast at 8:30 a.m. Eastern Daylight Time on..."/>
S&P Global Schedules 2nd Quarter 2016 Earnings Announcement/Conference Call for Thursday, July 28, 2016
Federal National Mortgage Association's guidelines impact HomeReady loans, self-employed income and insurance requirements. Prospective borrowers whose qualifying income is as much as 100 percent of the area median income will now be eligible for HomeReady loans. In addition, no income limit will apply on HomeReady mortgages when the property securing the mortgage is located in a low-income census tract."/>
BRIEF: Fannie Eases Requirements [Mortgage Daily]
Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.. Fannie Mae and Freddie Mac have sold more than 41,600 non-performing mortgages with an aggregate unpaid principal balance of $8.5 billion through May 31.. Average delinquency on the residential loans that were included in the sales was 3.4 years, while the average current loan-to-value ratio came to 98 percent."/>
GSE Non-Performing Loan Sales Exceed $8 Billion [Mortgage Daily]
Blue Valley Ban Corp., the holding company for Bank of Blue Valley, today announced the hiring of B. Todd York as the Senior Vice President, Wealth Management for the Bank. “We are delighted to have Todd join the Blue Valley team,” said Bob Regnier, President and CEO.“ Todd’ s experience, knowledge and leadership will drive improvement and expansion for Bank of Blue Valley’ s Wealth Management departments which include investment services, trust services and private..."/>
Blue Valley Ban Corp. Announces Senior Vice President, Wealth Management at Bank of Blue Valley
Monmouth Real Estate Investment Corporation today announced the acquisition of a new 137,500 square foot industrial building located at 2311 South Park Road, Louisville, KY at a purchase price of $11,304,000. The property is net-leased for 10 years to Challenger Lifts, Inc. a subsidiary of Snap-on, Incorporated. The lease is guaranteed by Snap-on. The building is situated on approximately 10.2 acres."/>
Monmouth Real Estate Investment Corporation Announces New Acquisition Guaranteed By Snap-on Inc. In Louisville, KY
Phoenix Holdings Ltd. following warning signs from the Israeli regulator, Supervisor of Capital Markets, Insurance and Savings Dorit Salinger, another Chinese investment group is considering buying the company, controlled by Delek Group Ltd.. Representatives of the Chinese group met with Israeli regulators this week to advance a potential acquisition of Phoenix--..."/>
New Chinese suitor for Israeli insurer Phoenix [Globes, Tel Aviv, Israel]
W. R. Berkley Corporation today announced the appointment of Scott R. Barraclough as president of Admiral Insurance, succeeding Steven S. Zeitman, who has been named chairman. The appointments are effective immediately. Barraclough joined Admiral Insurance in 1996 and has held various financial and operational positions throughout his 20- year career with Admiral."/>
W. R. Berkley Corporation Names Scott R. Barraclough President of Admiral Insurance
Malvern Bancorp, Inc., today announced that its New Jersey Headquarters is now open and serving Malvern’ s New Jersey and New York client base, from offices located at 163 Madison Avenue in the Morristown Plaza Office Complex.. “With this opening, Malvern is solidifying its presence and, more importantly, setting our firm footprint in New Jersey, by bringing Malvern’ s first class customer service into..."/>
Malvern Federal Savings Bank Opens New Banking Offices in Morristown, NJ
Assured Guaranty Municipal Corp., a bond insurance subsidiary of Assured Guaranty Ltd. and other parties to the Restructuring Support Agreement with the Puerto Rico Electric Power Authority have agreed to purchase new interest-bearing bonds from PREPA to help fund the full payment of principal and interest due on July 1, 2016 to PREPA bondholders. The parties to the RSA also have agreed to extend the RSA to December 15, 2016.. Assured Guaranty will purchase..."/>
Assured Guaranty Participates in Bond Purchase Agreement Allowing PREPA to Fund Its Full Payment to Bondholders on July 1
Partners Real Estate Investment Trust is pleased to announce that it has finalized a $13.7 million mortgage at the REIT's Wellington Southdale property in London, Ontario. This new mortgage is with the Manulife Financial and is effective today. The mortgage has a five-year term and an interest rate of 2.94%."/>
Partners Announces $13.7 Million Mortgage at Ontario Property
Principal Financial Group ® announced today that it will release second quarter 2016 financial results 15 minutes after the market closes on Thursday, July 28, 2016.. On Friday, July 29, 2016 at 10 a.m."/>
Principal to Announce Second Quarter 2016 Financial Results
Eaton Vance closed-end funds listed below released today the estimated sources of their June distributions. This press release is issued as required by the Funds' managed distribution plan and an exemptive order received from the U.S. The Board of Trustees has approved the implementation of the Plan to make monthly or quarterly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share."/>
Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions
TCF Financial Corporation and Simon Says Give, a nonprofit organization founded by 12- year old Mandi Simon when she was seven-years young, today announced a school supply drive to prepare students in Denver, Colorado and throughout Minnesota for the first day of school. TCF Bank’ s 26 branches in the..."/>
TCF Bank Partners with Simon Says Give to Collect School Supplies for Kids in Need
Artis Real Estate Investment Trust announced today that it intends to release its financial results for the quarter ended June 30, 2016, after the close of the Toronto Stock Exchange on Thursday, August 4, 2016.. Interested parties are invited to participate in a conference call with management on Friday, August 5, 2016 at 12:00 p.m. CT. In order to participate, please dial 1-416-764-8688 or 1-888-390-0546. You will be required to identify yourself..."/>
Artis Real Estate Investment Trust Announces Timing of Release of Q2-16 Results and Conference Call
State Street Corporation announced today that it was recognized as one of the most community-minded companies in the nation as a part of the Civic 50, a Points of Light initiative that sets the standard for corporate civic engagement and creates a roadmap for companies seeking to best use their time, talent, and resources to improve the quality of life in the communities where they do business. Civic 50 winners were announced this week at Points of Light’ s Conference on..."/>
State Street Recognized as Top Community-Minded Company in the Nation by Points of Light
Nordstrom Rack. A groundbreaking event is scheduled for later this year. As part of the Centre's second phase of development, the..."/>
Petrie Richardson Ventures Closes On Nordstram Rack Land Acquisition At Woodmore Towne Centre
Fauquier Bankshares, Inc., parent company of The Fauquier Bank, is pleased to welcome the new Chief Operating Officer of the Company and the Bank, T. Michael York. York has over 29 years of experience in the financial services industry. Prior to joining the Company, Mr."/>
The Fauquier Bank Welcomes New Chief Operating Officer
Timbercreek Mortgage Investment Corporation and Timbercreek Senior Mortgage Investment Corporation are pleased to announce the completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which TMIC and TSMIC have amalgamated to form Timbercreek Financial Corp., a leading non-banking commercial real estate lender with a book value of approximately $650 million and a mortgage investment portfolio..."/>
Timbercreek MIC and Timbercreek Senior MIC Announce Completion of Merger l

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