Real Estate: Mortgage

GSF Mortgage Welcomes the “Jack of all Trades” in Pennsylvania

Shrewsbury, PA, May 17, 2018 -- GSF Mortgage Corporation is pleased to announce the addition of Glenn Main as a new branch manager in Shrewsbury, Pennsylvania. He is a mortgage industry veteran whose love of helping people has led him to success in the business for more than 17 years. He specializes in reverse mortgages and describes himself as a “jack of all trades” who works with purchases and refinances as well.Known as the “reverse guy” to many of his contacts and colleagues, Main is...

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Mars Bank Promotes Officers

Mars Bank promotes 3 Officers. Mars, PA, May 17, 2018 -- Mars Bank promoted the following staff to new officer positions:· Brad Clevenger, Vice President, Information Technology Operations Manager· Mary Ann Braden, Vice President, Mortgage and Consumer Loan Operations· Heather Marsh, Assistant Vice President, Mortgage and Consumer Loan Operations Specialist“We are pleased to announce these promotions,” said James V. Dionise, Mars Bank President and Chief Executive Officer. “As a community...

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Nevada Leads Nation With Highest Share Of Homeowners Likely To Move In Q2 2018

IRVINE, Calif., May 17, 2018 -- ATTOM Data Solutions, curator of the nation's premier multi-sourced property database, today released its Q1 2018 Pre-Mover Housing Index, which shows that the highest pre-mover index in the first quarter of 2018 — predictive of a high percentage of homeowners moving in the second quarter — was in Nevada (200), followed by Delaware (163), Florida (159), Colorado (154) and Virginia (149). Using data collected from purchase loan applications on residential...

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First Commonwealth Bank Announces Pricing of Subordinated Notes Offerings

INDIANA, Pa., May 16, 2018 -- First Commonwealth Bank (the "Bank"), a wholly owned subsidiary of First Commonwealth Financial Corporation (NYSE:FCF), today announced that it has priced a private offering of $50 million aggregate principal amount of its 4.875% fixed-to-floating rate subordinated notes due 2028 (the “10-Year Notes”), and $50 million aggregate principal amount of its 5.500% fixed-to-floating rate subordinated notes due 2033 (the “15-Year Notes,” and, collectively with the 10-Year...

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Cloudvirga Raises $50 Million to Deliver a Truly Digital Mortgage Experience

IRVINE, Calif., May 16, 2018 -- Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform®, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital (Riverwood) with ongoing participation from Upfront Ventures. The new funding will support Cloudvirga's mission to help lenders reduce record-high loan production costs via automation...

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Horizon Bancorp, Inc. Announces Three-for-Two Stock Split

MICHIGAN CITY, Ind., May 16, 2018 -- Horizon Bancorp, Inc. (NASDAQ:HBNC) announced today that its Board of Directors has declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on May 31, 2018, the record date, will be entitled to receive an additional half share for each share of common stock held.Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would...

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Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals

WASHINGTON, May 16, 2018 -- Appraisals are a vital part of the real estate transaction and have traditionally been done in-person by an experienced appraiser, but efforts to reduce costs, increase efficiencies and incorporate more innovation, technology and data in the valuation process are expanding the use of alternative valuation methods.That's according to speakers at a real property valuation forum yesterday during the 2018 REALTORS® Legislative Meetings & Trade Expo.Traditional appraisal...

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KS Bancorp, Inc. Announces Resolution of Outstanding Litigation With First Citizens BancShares, Inc.

SMITHFIELD, N.C., May 16, 2018 -- KS Bancorp, Inc. (OTCBB:KSBI) (“KS”), parent company of KS Bank, Inc. (“KS Bank”), today announced that it has reached a global settlement with First Citizens BancShares, Inc. resolving all outstanding litigation and disputes between the parties. Under the terms of the settlement, KS has repurchased all KS shares owned by First Citizens and its affiliates, and First Citizens has agreed to the voluntary dismissal of its lawsuit before the North Carolina Business...

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KS Bancorp, Inc. Announces Resolution of Outstanding Litigation With First Citizens BancShares, Inc.

SMITHFIELD, N.C., May 16, 2018 -- KS Bancorp, Inc. (OTCBB:KSBI) (“KS”), parent company of KS Bank, Inc. (“KS Bank”), today announced that it has reached a global settlement with First Citizens BancShares, Inc. resolving all outstanding litigation and disputes between the parties. Under the terms of the settlement, KS has repurchased all KS shares owned by First Citizens and its affiliates, and First Citizens has agreed to the voluntary dismissal of its lawsuit before the North Carolina Business...

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Jaffe's Oertel Discusses Impact Investing, Community Foundation Law Trends

SOUTHFIELD, Mich., May 16, 2018 -- Dedicated to promoting investments aimed at socially beneficial goals, Jennifer Miller Oertel, partner at Jaffe Raitt Heuer & Weiss, P.C., is speaking at four industry events. Passionate about impact investing and philanthropy, Oertel serves as co-chair of the Nonprofit Corporations Committee (Business Law Section) of the State Bar of Michigan and was appointed by the Council on Foundations as a legal reviewer for National Standards for accreditation...

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Realtor.com® and Veterans United Home Loans Kick Off Independence Day Homebuyer Giveaway for Military Service Members and Veterans

SANTA CLARA, Calif., May 16, 2018 -- Realtor.com®, The Home of Home Search℠, and Veterans United Home Loans announced today the $50,000 Independence Day Homebuyer Giveaway. The giveaway will award $50,000 toward a home purchase to one U.S. military service member or Veteran. "Each and every day at Veterans United, we help Veterans, service members and their families achieve the American dream of home ownership," said Kris Farmer, chief marketing officer at Veterans United Home Loans, the...

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New Penn Financial and Plus Relocation Launch New Mortgage Joint Venture: Plus Relocation Mortgage

MINNEAPOLIS May 16, 2018 New Penn Financial (New Penn) and Plus Relocation Services (Plus Relocation) today announced the formation of a new joint venture mortgage company, Plus Relocation Mortgage. The partnership combines New Penn’s mortgage lending experience with Plus Relocation’s relocation expertise, providing a reliable service to employers and a convenient single point of contact for home-buying employees. Founded in Minneapolis in 1968, Plus Relocation provides customized mobility...

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Freddie Mac Prices $993 Million Multifamily K-Deal, K-F45

MCLEAN, Va., May 16, 2018 -- Freddie Mac (OTCQB:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with seven-year terms. The approximately $993 million in K Certificates (K-F45 Certificates) are expected to settle on or about May 25, 2018.K-F45 PricingDetailsCo-Lead Managers and Joint Bookrunners: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs and Co. LLCCo-Managers: Academy Securities...

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Blue Hills Bancorp, Inc. Declares Quarterly Cash Dividend

NORWOOD, Mass., May 16, 2018 -- Blue Hills Bancorp, Inc. (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share. The dividend will be payable on June 13, 2018, to stockholders of record as of May 30, 2018.ABOUT BLUE HILLS BANCORPBlue Hills Bancorp, Inc., with corporate headquarters in Norwood, MA, had assets of $2.7 billion at March 31, 2018 and operates 11 retail branch offices in Boston, Dedham, Hyde Park, Milton, Nantucket, Norwood, West...

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Priority Life Insurance Co Opens Large Boca Raton Office

West Palm Beach-Boca Raton, FL May 16, 2018 - Though he found himself a professional golfer upon graduating from Florida State University, Boca Raton born Nick Ayala has shattered the glass wall of the business world and now claims the title of CEO for Priority Life Insurance Group.If you could personify entrepreneurship, Ayala is who you’d see. He was featured as one of Entrepreneur 360’s top entrepreneurs in 2016 & 2017 for innovation and leadership.Nick launched his own marketing company,...

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