All 120 employees of the Federal Home Loan Bank of New York are safe after Tuesday's terrorist attackat the World Trade Center.FHLB-NY, which had offices on the 22nd floor at 7 World Trade Center, was successfullyevacuated Tuesday, according to spokesman Eric Amig. The district bank was evacuated shortly after 9 a.m. and movedto a location across the river in New Jersey -- which subsequently was also evacuated. 7 WTC, a 47-floor buildingadjacent to the twin towers, caught fire and later collapsed Tuesday afternoon. The district bank was open forbusiness Wednesday in its Jersey City backup facility.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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