Prof Annoucements March 31, 2010

→   Lendingtree Launches Free Mortgage Rate Alert - Lets You Know the Moment Rates are Right for You
Receive emails when rates reach your target -- LendingTree,Mona M. Marimow,Charlotte N.c.  03/31/2010



→   Bank of Commerce Holdings Announces Successful Closing of Common Stock Offering
Patrick J. Moty, President & CEO of Bank of Commerce Holdings (NASDAQ:BOCH) , a $813 million financial services holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), and Bank of Commerce Mortgage(TM) today announced that it has closed the previously announced public offering of 7,200,000 shares of its common stock at $4.25 per share. The Company received net proceeds from the offering of approximately $28.8 million, after underwriting discounts and commissions and estimated expenses. The shares were sold in an underwritten public offering by Howe Barnes Hoefer & Arnett, Inc. acting as lead manager. -- Redding Bank of Commerce,Patrick J. Moty,Redding California  03/31/2010



→   Genworth Life Insurance Company Launches Total Living Coverage(r) Annuity
Product provides a flexible way to link the tax-deferred growth of an annuity with long term care benefits -- Genworth Financial Inc.,Thomas R. Topinka,Richmond Va.  03/31/2010



→   Profnet Expert Alerts: Shanghai World Expo / Tax Season / Happiness at Work
1. Business: Importance of Bloggers Understanding Their Audience -- ProfNet,Scott Gamm,   03/31/2010



→   Statement From Micah Green On Behalf of The Association of Mortgage Investors
The Association of Mortgage Investors supports the program announced by the Obama Administration to provide a path for reduced principal through a refinancing program for homeowners who are "underwater" on their mortgage. The Association commends the officials at the Treasury, HUD, FHA and the White House for their efforts to develop this program. -- Patton Boggs,Rebecca Carr,Washington   03/31/2010



→   Polunsky & Beitel`s Lauren Polunsky Recognized in Texas Rising Stars Listing
Polunsky & Beitel LLP, one of the nation's leading mortgage law firms, is pleased to announce that firm attorney Lauren R. Polunsky has earned a spot on the 2010 Texas Rising Stars listing of the state's top young lawyers. -- McCarthy, Holthus, Hosch, Baum, Goldberg & Ackerman, LLP,Alan Bentrup,San Antonio   03/31/2010



→   M&I Announces Extension of Foreclosure Moratorium
Announces over $6.9 billion of new credit to new and existing customers since mid-November 2008 -- Marshall & Ilsley Corporation,Sara Schmitz,Milwaukee   03/31/2010



→   American Financial Resources Inc. / AFR Mortgage Announces Timios Inc. has Been Selected as the Exclusive Settlement Agent for all Residential Mortgages
American Financial Resources Inc., a nationwide mortgage lender has selected Timios Inc., as their exclusive agent to conduct closings and escrow services for all residential mortgages where permitted by state and local laws. -- American Financial Resources, Inc.,Kevin Darnell,Parsippany N.j.  03/31/2010



→   Cimcon Software Reaffirmed as Market Leader for Enterprise Spreadsheet Management by Bloor Research
CIMCON Software, Inc., the Pioneering Market Leader in Spreadsheet Governance, Risk and Compliance (GRC), today announced that its Market Leadership in Enterprise Spreadsheet Management has been reaffirmed by Bloor Research, a leading U.K.-based analyst firm. -- CIMCON Software, Inc.,Carlos Morgado,Boston   03/29/2010



→   Suddenly Her Husband Needed Long Term Care: An LTC Insurance Agent`s Poignant Story
At first, she and her 51-year-old husband had no long term care policy; 'We didn't need it, we were too young,' she figured -- LTC Financial Partners LLC,System Admin,Kirkland Washington  03/29/2010



→   Diamondrock Announces Successful Debt Modification
DiamondRock Hospitality Company ("DiamondRock") (NYSE:DRH) today announced it amended certain provisions of the limited recourse mortgage loan (the "Loan") secured by Frenchman's Reef & Morning Star Marriott Beach Resort. The lender provided DiamondRock with a waiver for any penalty interest and an extension to December 31, 2010 and December 31, 2011, respectively, for the completion date of certain lender required capital projects. In conjunction with the Loan modification, DiamondRock will pre-fund the capital projects into an escrow account and pay the lender a $150,000 modification fee. There were no other material modifications to the Loan. As a result of the Loan modification, DiamondRock's results for the quarter ended March 26, 2010 will reflect a reversal of the $3.1 million penalty interest accrued last year. -- DiamondRock Hospitality Company,Chris King,Bethesda Md.  03/29/2010



→   Washington Mutual, Inc. Files Plan of Reorganization and Disclosure Statement
Washington Mutual, Inc. (Pink Sheets: WAMUQ) ("WMI" or the "Company") today announced that it has filed a Plan of Reorganization (the "Plan") and Disclosure Statement (the "Disclosure Statement") with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Plan implements and incorporates the terms of the global settlement agreement (the "Settlement") reached among WMI, JPMorgan Chase Bank, N.A. (NYSE:JPM) ("JPMC") and the Federal Deposit Insurance Corporation ("FDIC"), which was announced to the Bankruptcy Court on March 12, 2010 and is set forth in the draft settlement agreement annexed to the Plan. The provisions of the proposed settlement agreement have been agreed to by WMI, JPMC and significant creditor groups of the Company. As of this date, the FDIC has not agreed to all of the provisions contained in the draft settlement agreement. However, discussions are ongoing among the parties and they are hopeful that such agreement will be obtained in the near future. -- Washington Mutual, Inc.,Andrew Siegel,Seattle   03/29/2010



→   Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
Alliance New York Municipal Income Fund, Inc. (NYSE:AYN) (the "Fund") today released its monthly portfolio update as of February 28, 2010. -- Alliance New York Municipal Income Fund, Inc.,Shareholder Contact,New York   03/29/2010



→   Alliancebernstein Global High Income Fund Releases Monthly Portfolio Update
AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2010. -- AllianceBernstein Global High Income Fund, Inc.,Shareholder Contact,New York   03/29/2010



→   Alliancebernstein Income Fund Releases Monthly Portfolio Update
AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2010. -- AllianceBernstein Income Fund, Inc.,Shareholder Contact,New York   03/29/2010



→   Bank of America`s Mortgage Reduction Program - The Only Way to Go?
On Wednesday, March 24, 2010, Bank of America announced that it will forgive some troubled mortgages debt in order to provide assistance in stabilizing the economy and housing market, reports Solomon Finance. With further dropping housing sales and house values, increasing alternative lending such as payday loans due to less traditional credit availability, and pressure from both homeowners and investors, the lending giant will start reducing mortgage balances to a select group, possibly leading other banks to follow suit if things work out well. -- Solomon Finance,Mia Nguyen,Pittsburgh   03/29/2010



→   Paralegal Sentenced in Manhattan Federal Court to Three Years in Prison for Role in Multimillion-Dollar Mortgage Fraud and Foreclosure Rescue Schemes
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Marina Dubin, a real estate paralegal, was sentenced yesterday to two concurrent three-year prison sentences in connection with her involvement in a multimillion-dollar, sub-prime mortgage fraud scheme and another foreclosure rescue scheme. Dubin, 33, of Brooklyn, New York, pleaded guilty to two counts of conspiracy to commit mail, wire and bank fraud on June 12, 2008, before United States District Judge Richard J. Holwell, who also imposed the sentence yesterday in Manhattan federal court. -- U.S. Department of Justice,Yusill Scribner,New York   03/29/2010



→   Patni Computer Systems Ltd. Wins Genworth Financial 2009 Strategic Supplier of the Year Award
Genworth Financial, Inc. (NYSE:GNW) announced this week that Patni Computer Systems won its 2009 Strategic Supplier of the Year Award. The Strategic Supplier Partnership Initiative (SSPI) Award is given annually to recognize key suppliers critical to Genworth who show a commitment to embodying the Genworth values as well as demonstrating innovation, continuous improvement and cost performance. -- Genworth Financial Inc.,Thomas R. Topinka,Richmond Va.  03/29/2010



→   Metlife Bank Unveils New Reverse Mortgage Pricing Option That Allows Seniors Ability to Unlock More Equity at a Lower Cost
MetLife Bank, N.A., one of the leading providers of reverse mortgages to older Americans, today announced a new pricing option for homeowners, which will make thousands more dollars available to many borrowers at a lower cost, allowing them to fund a more comfortable retirement. -- MetLife Bank,David Hammarstrom,Bridgewater N.j.  03/25/2010



→   NEW Campaign Demonstrates `the Weichert Difference`
Weichert, Realtors recently launched a recruiting campaign aimed at illustrating the key advantages it offers real estate professionals. The campaign, based on the theme “The Weichert Difference,” details the unique products and support the company offers to sales associates. -- Weichert Realtors,Matthew Ward,Morris Plains Nj  03/24/2010



→   The Muller Company Awarded Three New Property Management Contracts Totaling Over 1.9 Million SF
LAGUNA HILLS, CALIF. – The Muller Company, a full service real estate company specializing in management, investment and development of commercial real estate in the western United States, announces today that the firm has been awarded three new management contracts totaling over 1.9 million square feet. DCT Industrial Trust, Inc. selected The Muller Company to manage its Phoenix portfolio of 14 industrial buildings totaling over 1.6 million square feet; Bank of America awarded The Muller Company a contract to manage Creekside Executive Center in Camarillo, Calif., a two-story office building and 13 office/medical condos totaling 73,892 square feet; and the firm also received a management contract from a leading global financial services company for a 19-story, 255,477-square-foot office building in Phoenix. -- The Muller Company,Anne Monaghan,LAGUNA HILLS CA  03/24/2010



→   Orleans Announces the Engagement of Pmcm, Llc, an Affiliate of Phoenix Management Services, Inc.
Orleans Homebuilders, Inc. (Pink Sheets: OHBIQ) ("Orleans" or the "Company") announced today that its Board of Directors approved the retention of PMCM, LLC, an affiliate of Phoenix Management Services, Inc. ("Phoenix Management") on March 16, 2010, but retroactive to March 4, 2010, to act as the Company's restructuring financial advisor as the Company seeks a restructuring plan that focuses on maximizing enterprise value for all constituents after filing for Chapter 11 Bankruptcy protection on March 1, 2010. The retention of Phoenix Management is subject to Bankruptcy Court approval. -- Orleans Homebuilders, Inc.,Dan Hilley,Bensalem Pennsylvania  03/23/2010



→   Hanley Investment Group Sells Single-Tenant NNN Wells Fargo for $3,245,000
*** -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,MENIFEE CA  03/23/2010



→   China Recycling Energy Corp. Announces Second Expansion of the Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan to Raise $13.69 Million
China Recycling Energy Corp. (OTC Bulletin Board: CREG; "CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, announces the second expansion of the Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan ("Plan") by Beijing International Trust Co., Ltd. ("Beijing Trust"), to raise up to RMB 93,120,000 (approximately $13.69 million) of loan capital to support the Company's Erdos power generation projects. -- China Recycling Energy Corp.,Mr. Howard Gostfrand,Xi'an China  03/22/2010



→   Care Investment Trust Inc. Announces Definitive Agreement With Tiptree Financial Partners, L.P.
Transaction Includes Cash Tender Offer of $9.00 Per Share -- Care Investment Trust Inc.,Torey Riso,New York   03/22/2010



→   Dodd Limits on Enforcement and Rulemaking Authority Would Hamstring Consumer Financial Protection Regulator
Consumer Watchdog's Washington Director, Carmen Balber, made the following comments on consumer protection in financial reform legislation proposed by Senate Banking Committee Chairman Chris Dodd. -- Consumer Watchdog,Carmen Balber,Washington   03/22/2010



→   LPS Asset Management Launches Short-Sale Service
Service helps lenders respond to short-sale offers more efficiently -- Lender Processing Services,Michelle Kersch,Jacksonville Florida  03/22/2010



→   Bancorpsouth Files Annual Report on Form 10-K for 2009
Revises Previously Reported Financial Condition and Results of Operation -- BancorpSouth, Inc.,William L. Prater,Tupelo Mississippi  03/22/2010



→   Debtx Offers Enhanced Market Data and Analysis
New Investor Service Assists Buyers At Largest Marketplace For Loans -- DebtX,Greg Berardi,Boston   03/22/2010



→   Valley National Bank Acquires Certain Deposits and Assets of The Park Avenue Bank
Valley National Bancorp (NYSE:VLY) today announced that its wholly-owned subsidiary, Valley National Bank, assumed all deposits, except certain brokered deposits, and received certain assets of Manhattan-based, The Park Avenue Bank ("Park Avenue Bank") from the Federal Deposit Insurance Corporation ("FDIC"), which was appointed the receiver for Park Avenue Bank. -- Valley National Bank,Alan D. Eskow,Wayne N.j.  03/13/2010