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 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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