New Episode of Innovations TV Series Broadcasts Monday, July 20, 2015 Via Discovery Channel


Generally known for their amazing audio quality, you might be surprised to learn that Bose Corporation is developing next-generation suspension technology. Join us as we explore how this technology is improving the lives of commercial drivers.

Next, Innovations journeys to commerce, California, to explore Dynaflex Products to learn how their quality exhaust components are helping reduce our carbon footprint.

There are limitations on everything we do, including the roads we travel. In this segment, Innovations uncovers the cutting-edge equipment at Right Weigh to teach audiences on how it is helping drivers maintain the legal limits.

Finally, the show takes a turn to educate on Cambridge Systematics’ innovative work in the emerging field of climate change resilience, and how this is helping transportation agencies better understand and manage the potential risks of extreme weather, now and into the future.

“Full of insightful educational material, this episode is sure to entertain,” said Amanda Sweeney, Producer for Innovations. “We look forward to enlightening our viewers on the transportation sector, and some of the amazing game-changing technologies currently hitting the industry.”

About Innovations & DMG Productions:

Innovations, hosted by award winning actor Ed Begley, Jr., is an information-based series geared toward educating the public on the latest breakthroughs in all areas of society. Featuring practical solutions and important issues facing consumers and professionals alike, Innovations focuses on cutting-edge advancements in everything from health and wellness to global business, renewable energy, and more.

DMG Productions (responsible for creating the Innovations show) includes personnel specialized in various fields from agriculture to medicine, independent films to regional news and more. Our field producers work closely with experts in the field to develop stories. This powerful force enables us to consistently produce commercial-free, educational programming that both viewers and networks depend on.

For more information visit: http://www.InnovationsTelevision.com or contact Amanda Sweeney at: (866) 496-4065 x 824 or: Amanda(at)InnovationsTelevision(dot)com.







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NRBA Members Increase Knowledge and New Business at 2015 Conference

Henderson, NV (PRWEB) June 18, 2015

Henderson, Nevada – June 5, 2015 – The National REO Brokers today announced:

The 2015 National REO Brokers Association (NRBA) Annual Education Conference, which was held recently in Broomfield, Colorado at the Omni Hotel & Resort, was a tremendous success, according to Michael Krein, Ph.D., longtime president of this elite group of real estate professionals.

“Despite the incredible degree of change and in some cases, turmoil, within the housing and mortgage servicing industries over the past many months, our annual conference once again attracted NRBA members from all parts of the country who were interested in hearing insights about our business from NRBA directors, veteran members of our organization, and experts from many areas of our industry who shed light on where we are today and where we are likely headed,” Krein said. “Many of our valued clients attended and participated, as well.”

The annual NRBA Education Conference has long been recognized by industry veterans as one of the very best annual conferences serving the mortgage default servicing industry. This is primarily because of the high quality of educational presentations, panels, and roundtables offered by the knowledgeable industry leaders from major companies who participate in them. Many comments from this year’s attendees highly praised the event.

“This was a great gathering of diverse speakers who are industry experts giving us knowledge not only about the market we are now experiencing, but the market they expect to be coming our way in the next wave of potential foreclosures,” said Yvonne Barmettler, of Realty Executives Fine Properties in Scottsdale, Arizona.

Gaining knowledge while at the event was, of course, a major highlight for attendees, but several NRBA Members also reported receiving new REO listing assignments directly from clients attending the conference.

With respect to the belief that another wave of foreclosures is expected in the future, Krein gave his insight to attendees.

“The mortgage industry and in particular the default/REO industry has always been cyclical — Typically inversely related to the general real estate market,” Krein said. “However it is always the overheating of the general real estate market that normally foreshadows a strong REO market. We have now had almost six straight years of rising real estate prices in many markets – which is probably the longest continual uptick in real estate prices in many decades.

“The exact beginning and end of each cycle is never a precise point as there is always an overlap during the transition. This is exactly the point we are in now.”

Krein also noted that it should not be said that history is necessarily repeating itself, as each cycle can truly be considered somewhat unique.

“This next REO cycle will be unique unto itself as this cycle will be heavily influenced by some of the leftover problem loans from the last downturn, as well as new defaults that will be created based on the types of loans, servicing, and changing ownership of today’s more recently originated mortgages,” Krein added.

Rochelle Jones, NRBA Texas Master Broker associated with Keller Williams Realty in Houston, also had praise for the conference.

“The NRBA Conference this year was in a league of its own,” said Jones. “The diversified clients and presenters armed the participants with an arsenal of new business opportunities that many were not aware of.

“From asset managers to representatives from hedge funds and capital markets, to life planning experts and more, our close interactions with these different pillars of business have never been so valuable.

According to Jones, this year’s NRBA conference was not just about staying in business and maintaining the status quo, it was about growing your business and being the leader in your market. In one word, she felt the conference was “Epic.”

Some of the topics covered at this year’s education conference included: The Return of Mortgage Insurance; Property Preservation and Field Services; The Changing Nature of REO Outsourcing; Digital Marketing Strategies; HELOC issues; Working With Institutional Investors, and many more.

Among the many speakers, panelists and presenters were: Scott Cohen, CEO of The Life Planning Companies; Milt Shaw, SVP of PEMCO, Ltd.; Kurt Armbrust, Assistant VP for MGIC; Jim Tighe, SVP of MI Operations and Loss Management for Radian Guaranty; Jeff Woehr, Recovery Director for United Guaranty; Bubba Mills, Co-Owner and Executive VP of Corcoran Consulting & Coaching; Chris McMahon, VP at REO Management Solutions; Brian Brockman, CEO of Domus Asset Management; Jim Steffen, President of Phoenix Asset Management, and Justin Barr, Managing Principal of Loan Workout Advisors, to name but a few.

The NRBA was founded in 1999 by professional real estate brokers who specialized in the listing, management, marketing and sales of bank-owned real estate properties. The organization has a proud history as the premiere Realtor-related organization serving the mortgage default servicing industry.

For additional Information:

National REO Brokers Association

CEO, Michael P. Krein, Ph.D.

702-480-1815 mkrein(at)nrba(dot)com

*All Product and company names herein may be trademarks of their respective owners







Hamilton Bancorp, Inc. Reports Results for the Fourth Quarter and Fiscal Year Ended March 31, 2015

Towson, Md. (PRWEB) May 28, 2015

Hamilton Bancorp, Inc. (the “Company”) (NASDAQ: HBK), the parent company of Hamilton Bank (the “Bank”), today announced a $ 0.13 improvement in net loss per share for the fourth quarter of 2015. The Company recorded a net loss of $ 141,000 or $ 0.04 per share for the quarter ended March 31, 2015, compared to a net loss of $ 566,000 or $ 0.17 per share for the same quarter a year ago. The results for 2015 include non-recurring merger related expenses of $ 74,000.

“There is a lot of excitement in and around the projected growth plan and achievements of the Hamilton Bank team. Between the recently announced merger with Fairmount Bancorp, Inc., improving core earnings, and the decrease in our non-performing assets, our extended team is working together to move our business metrics in the right direction,” said President and CEO Bob DeAlmeida. “This year is particularly exciting as we celebrate our 100-year anniversary. Many stakeholders have participated in helping us mark this terrific milestone.”

Additional company highlights for the three-month period and fiscal year ended March 31, 2015, include:


    During the fourth quarter of fiscal 2015, the Company was in discussions with, and performed due diligence on, Fairmount Bancorp, Inc. (“Fairmount”), and subsequent to the fiscal year end, in April 2015 announced the signing of a definitive agreement with Fairmount. A large portion of the loss for the quarter is attributable to the costs incurred to perform the due diligence and draft a definitive agreement outlining the merger.
    Nonperforming assets to total assets decreased more than 50 percent during fiscal 2015 from 1.88 percent at March 31, 2014 to 0.93 percent at March 31, 2015.
    Net charge-offs declined $ 1.9 million, or 88 percent, during fiscal 2015 to $ 266,000, or 0.18 percent of average loans, from $ 2.2 million, or 1.41 percent, of average loans for fiscal 2014. This decrease resulted in reduced provisions for loan losses of $ 170,000 for fiscal 2015 compared to $ 1.9 million for fiscal 2014.
    Net loss attributable to common shareholders decreased to $ 314,000 for the fiscal year ended March 31, 2015, compared to a net loss of $ 1.2 million for fiscal 2014, an improvement of $ 881,000. Net loss per common share improved to $ 0.10 for the year compared to $ 0.35 in the prior fiscal year. This improvement was associated with a $ 1.7 million decrease in the provision for loan loss; a reflection of the continued decrease in charge-offs and problem loans.
    Net interest margin for the fourth quarter of fiscal 2015 increased 10 basis points to 2.98 percent compared to 2.88 percent for the same period last year due to an increase in the average balance of higher interest-earning assets, primarily commercial loans.
    Total gross loans, including loans held for sale, increased $ 16.2 million, or 11.2 percent, during fiscal 2015, from $ 144.8 million at March 31, 2014 to $ 161.0 million at March 31, 2015. Roughly $ 11.7 million, or 73 percent, of that growth occurred in the second half of fiscal 2015 as the Bank continued to show growing strength in its commercial lending platform.

“Understanding the ‘why’ is an important perspective when evaluating Hamilton’s performance over time,” said Executive Vice President – Chief Lending Officer Ellen Fish. “Our daily, unwavering commitment to secure sound commercial lending, obtain lower cost core deposits, and embrace overall asset quality remains firm. I am very optimistic about our future as our team works tirelessly to deliver for our shareholders.”

During the fiscal year ending March 31, 2015, commercial real estate loans grew $ 17.9 million, or 43.1 percent, to $ 59.3 million, while commercial business loans also grew by $ 2.8 million, or 18.1 percent, to $ 18.5 million over the same period. Approximately $ 12.8 million of the growth in commercial real estate occurred in the last two quarters of fiscal 2015.

The Bank’s asset quality measures continue to improve. Nonperforming loans decreased $ 2.8 million, or 55.3 percent, to $ 2.3 million at March 31, 2015 from $ 5.0 million a year ago. Nonperforming loans as a percentage of gross loans decreased from 3.48 percent at March 31, 2014 to 1.40 percent at March 31, 2015.

The Bank continued to allow higher cost certificates of deposit to run-off and to focus on generating lower cost core deposits (which is considered to be all deposits except certificates of deposit), including checking and money market accounts. Total deposits were $ 222.3 million at March 31, 2015, compared to $ 238.8 million at March 31, 2014, a decline of $ 16.5 million, or 6.9 percent. Core deposits increased by $ 3.9 million, or 5.7 percent, to $ 72.6 million over the twelve months of fiscal 2015 while certificates of deposit decreased $ 20.4 million over that same period. Core deposits comprised 32.7 percent of total deposits at March 31, 2015 compared to 28.8 percent at March 31, 2014.

For fiscal 2015, the Company reported net interest income of $ 7.7 million compared to $ 8.3 million for fiscal 2014. The decrease in net interest income over that period is due to an $ 847,000 decrease in interest revenue that is attributable to a $ 6.3 million decline in average loan balances and a 28 basis point decline in loan yield. However, during the second half of fiscal 2015, the Company saw overall loan balances grow under its restructured commercial lending platform and enhanced interest revenue despite a low interest rate environment. Partially offsetting the decline in interest revenue is a $ 254,000 decrease in interest expense, resulting from an $ 18.4 million decrease in the average balance of higher cost certificates of deposit during fiscal 2015. The Company’s net interest margin for fiscal 2015 remained unchanged at 2.85 percent compared to fiscal 2014.

Noninterest revenue for fiscal 2015 increased by $ 30,000, or 2.9 percent, to $ 1.1 million compared to the same period last year that included an $ 82,000 gain on the sale of the Bank’s Belmar branch. A large portion of this increase is due to $ 272,000 in gains realized from the sale of investment securities compared to $ 172,000 in realized gains for the same period a year ago. Fee income from service charges also improved by $ 17,000 from $ 366,000 in fiscal 2014 to $ 383,000 in fiscal 2015.

Noninterest expense decreased to $ 9.3 million for fiscal 2015 compared to $ 9.7 million for fiscal 2014, a decrease of $ 395,000. Despite salaries and benefits increasing $ 424,000 over that period due to new lending personnel and cost associated with equity awards, the Bank was able to offset this increase by reducing other noninterest expenses, particularly legal fees and other professional services. These expenses decreased, as a whole, by $ 269,000 due to a reduction in problem assets and the cost associated with implementing the Bank’s equity incentive plans. In addition, occupancy and advertising expenses also decreased by $ 131,000 and $ 109,000, respectively, over the fiscal year compared to fiscal 2014, as management diligently looked for ways to cut costs and improve efficiency moving forward. Lastly, foreclosed real estate expense and losses decreased significantly due to $ 493,000 in costs incurred in the prior year associated with the sale of one property and the write-down of another held in foreclosed real estate.

When comparing the third and fourth quarter of fiscal 2015, net income of $ 78,000 was recorded in the third quarter compared to a net loss of $ 141,000 in the fourth quarter. The net income per share decreased from a profitable $ 0.02 per share in the prior quarter to a loss of $ 0.04 per share in the most recent quarter. The loss for the current quarter is attributable to a $ 221,000 write-down in the fair value of a property held in foreclosed real estate and $ 74,000 in costs incurred relating to the due diligence work performed and signing of a definitive agreement to merge with Fairmount. These costs were partially offset by a $ 175,000 negative provision for loan losses taken in the fourth quarter. The Company has been able to record a negative provision in the last two quarters due to the reduction in its problem assets and improved asset quality. In addition, loan volume continues to show strength from quarter to quarter. The loan portfolio increased from $ 159.0 million at December 31, 2014 to $ 160.9 million at March 31, 2015, an increase of $ 1.9 million following net loan growth of $ 9.7 million in the prior fiscal quarter.

Average equity to average assets remains strong at 19.8 percent for the fourth quarter ended March 31, 2015, down slightly from 20.6 percent a year ago as a result of stock buybacks, partially offset by a decrease in the average asset base. All of the Bank’s regulatory capital ratios continue to exceed those levels required for the Bank to be categorized as well capitalized. The Company’s shares outstanding decreased from 3,595,100 at March 31, 2014 to 3,417,713 shares at March 31, 2015. This reduction is due to a 5 percent buyback of common shares in the first quarter of fiscal 2015.

Please direct all media inquiries to Josie Hankey at 410-420-2001 or by email at josie(dot)hankey(at)fallstongroup(dot)com. Please direct investor inquiries for Hamilton Bank to Robert DeAlmeida at 410-823-4510.

About Hamilton Bank

Founded in 1915, Hamilton Bank is a community bank with $ 285 million in assets and $ 46.9 million in regulatory capital. The bank employs more than 55 people and operates four branch locations across Greater Baltimore, serving the communities of Cockeysville, Pasadena, Towson and Baltimore in Maryland. Whether online or on the corner, Hamilton Bank is a community bank that cares about its customers. http://www.Hamilton-Bank.com.

Member FDIC and Equal Housing Lender

This press release may contain statements relating to the future results of the Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, legislative and regulatory changes that could adversely affect the business in which Hamilton Bancorp, Inc. and Hamilton Bank are engaged, and other factors that may be described in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.







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Hastings And Hastings Announces Record Legal Representation Requests For Pedestrian Accident Related Events In Arizona In 2015

Phoenix, AZ (PRWEB) April 28, 2015

Hastings and Hastings, an Arizona law firm with a tried and tested reputation when it comes to an array of personal injury related matters, announces record legal representation requests for pedestrian accident events in Arizona in 2015. The firm continues to receive a generous number of referrals from existing and former clients. This fact alone clearly illustrates the personalized care and attention to detail that the firm provides for injury and car accident victims that the firm represents on a daily basis. Hastings and Hastings has stated on multiple occasions that each client situation is handled with respect and dignity as a way to provide exemplary client related services that are beyond compare.

Another important aspect of the Hastings and Hastings difference is that the firm is a reputable and professional firm that offers aggressively discounted attorney’s fees on a variety of personal injury matters. The firm promises that no fees will be charged unless there is a successful recovery. With an unwavering commitment to this important promise, the firm has effectively saved clients millions of dollars in just the last decade. In short, this key promise states that if there is no recovery that the client will not owe any lawyer related fees at any time. Transparency, attention to detail and upfront honesty, along with an ongoing no fee promise are reasons why Hastings and Hastings is known for throughout the community.

Hastings and Hastings has also stated on multiple occasions that if there is no successful recovery that the costs associated with establishing a recovery effort will also be waived. Hastings and Hastings handles all personal injury related matters on a contingency fee basis. This simply means that no fees are due unless a recovery effort is successfully resolved. Whether a case goes to trial or is negotiated out of court, Hastings and Hastings pledges that its discount fees always apply. There is never confusion, discord or lack of transparency when it comes to clearly stated and well-established discount lawyer fees in a wide array of personal injury matters.

Most importantly, the firm stands by its promise to always maintain one consistent discount fee structure throughout the entire duration of any recovery effort. This simply means that the fees quoted at the outset are the fees that will remain throughout the entire duration of legal representation. This combined with the fact that the firm always ensures that initial consultations are conducted with a licensed lawyer and not a paralegal are reasons why Hastings and Hastings is a likely choice among discerning clients. This recent announcement with regard to record legal representation requests for pedestrian accident related events in Arizona in 2015 is further proof that Hastings and Hastings is a law firm that stands behind its promises.

Hastings and Hastings is a leading provider of discount personal injury legal services located in and serving the greater Phoenix metropolitan area. This respected legal firm specializes in assisting individuals that have been the victim of serious injuries that have resulted from accidents that were no fault of their own. Hastings and Hastings is a trusted group of attorneys that deliver personalized service and guidance for injury victims throughout Phoenix and all across the state of Arizona. Hastings and Hastings is known throughout legal circles as a dedicated team of professionals and a law firm that has been representing accident victims throughout Arizona for decades. Hastings and Hastings has consistently exceeded clients’ expectations with regard to representing a wide array of accident related injury victims at times when it matters the most and always doing so with discount attorney’s fees.