Online bond marketplace TradeWeb, which had offices in the World Trade Center and has been activein the mortgage-backed securities market, has confirmed that all its employees are safe and its website is up andrunning. The company has said it expects to restore trading of U.S.-based products within a few weeks and is workingwith its London office to do so. "I am relieved and grateful for the safety of all our colleagues;it is a miracle that we are all alive in the wake of Tuesday's attack," said TradeWeb president Jim Toffeysaid. "The thoughts and prayers of the TradeWeb family go out to everyone affected by this unimaginable tragedy."Vic Simone, managing director of Goldman Sachs & Co. and TradeWeb's chairman, said, on behalf of company'sboard and its dealers, "We are very relieved that all TradeWeb employees are safe and accounted for and extremelyproud of the way they conducted themselves during this crisis. We, the dealer community, are committed to providingthe necessary resources to restore TradeWeb to full operational capability as soon as possible." The company'ssoftware, databases, and office records were all stored off-site. TradeWeb's website address is http://www.tradeweb.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
April 26 -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
April 26 -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
April 26 -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
April 26 -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25