Neil Levin, former chairman of the Federal Home Loan Bank of New York, is missing and presumed deadin the wake of last week's terrorist attacks on the twin towers of the World Trade Center. Mr. Levin,who chaired the New York bank from 1988 to 1994, was executive director of the Port Authority of New York and NewJersey. The authority, which managed the complex, had offices in the towers. Mr. Levin, 46, had a long career infinancial services, including stints on Wall Street and Capitol Hill, where he served as legislative counsel toformer New York Sen. Alfonse D'Amato, who chaired the Senate Banking Committee. Mr. Levin also served as New Yorkbanking commissioner. The FHLB-NY, which was housed at 7 World Trade Center, lost its headquarters in the attacks,but as previously reported, all 120 of its employees were safely evacuated.
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The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
April 10 -
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
April 10 -
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
April 10 -
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
April 10 -
Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
April 10 -
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
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