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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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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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







