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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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Borrower equity fell $78.8 billion, or 0.5%, year over year in Q4, according to Cotality's Home Equity Report. That's an average decrease of $8,500.
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Lennar's first fiscal quarter earnings were down by more than half after three years of persistent trials which are testing consumer confidence and sentiment.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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FIGRE 2026-HF3 will repay noteholders on a pro rata basis but is subject to a provision that requires the deal to repay noteholders sequentially after a credit event.
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