Treasury and agency bonds had resumed relatively normal trading Thursday, but quotes for to-be-announced mortgage-backed securities were "all over the place" and users were having trouble obtaining quotes from some computer systems, according to bond market participants. The participants said Cantor Fitzgerald -- which was located on the upper floors of the World Trade Center and has been working hard to locate employees and restore operations -- was responsible for a lot of the real-time quotes they received. Market participants also reported that dealers have been swamped with calls, many of them inquiries related to the World Trade Center catastrophe.
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A group of plaintiffs in another action against the National Association of Realtors and three franchisors claimed harm if the May 9 final settlement hearing took place.
5h ago -
Out of the 221 metro areas tracked, 205 had existing home price increases and just 15 reported year-over-year declines, the National Association of Realtors said.
6h ago -
The rates of single parent homeownership by gender differ by 14 percentage points, even though more single women own homes than men.
11h ago -
Purchases and refinances both contributed to weekly growth, with notable increases in certain government-lending segments, the Mortgage Bankers Association said.
11h ago -
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
May 8 -
Freddie's plan "has merit," but if also used by Fannie, it might create competition for many closed-end, second liens in PL RMBS, according to new research.
May 8