Cantor Fitzgerald International and its affiliate eSpeed International, which had World Trade Centeroffices and have been active in the mortgage-backed securities and technology markets, had as of Tuesday morningconfirmed that more than 340 employees were safe and received reports that more than 25 also have survived. Thecompany, which employed approximately 1,000 people in offices on upper floors of the Trade Center, has also beenproviding family and friends of its employees with the names of those who have been reported or confirmed safe.Cantor Fitzgerald has requested that employees on the "reported" list who are able to confirm directlywith the company that they are safe, do so. In addition, Cantor Fitzgerald and eSpeed haveestablished a relief fund for the families of those lost in the World Trade Center disaster on Sept. 11. Donationswill be used "to provide emergency, short-term financial assistance, emotional and mental health support,plus ongoing assistance for things like child care, college tuition, and long-term health care in the difficultmonths and years ahead," Cantor Fitzgerald said. Information on how to donate to the fund is available onthe company's website at http://www.cantorusa.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