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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Two Harbors opens a negotiating window for UWM this week for a revised offer, but the bid has to be all cash, the REIT will not entertain a stock alternative.
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Mortgage lenders play a crucial role in divorce. Experts explain how to navigate decree language, assumability and tax pitfalls before it's too late.
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The companies now anticipate generating around $14 billion in annual origination volume, making them one of the biggest lenders in the country.
June 5 -
The announcement follows a leave of absence in which Ginnie Mae President Joe Gormley helped cover the Federal Housing Admission Commissioner's responsibilities.
June 5 -
A credit union service organization is buying the division, which includes mortgage services provider QRL, while the seller repositions its home loan business.
June 5 -
The Bureau of Labor Statistics Friday reported that the economy added 172,000 jobs in May and revised March and April's employment upward, making the Federal Reserve less likely to cut interest rates to support the labor market in the near term.
June 5







