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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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
9h ago -
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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