The London offices of Cantor Fitzgerald International and eSpeed International have reported thatthey are "doing everything possible to assess the situation at their world headquarters at One World TradeCenter in New York City," which has been active in serving the mortgage-backed securities market. Both companies had operations on the 101st, 103rd, 104th, and 105th floors. Approximately 1,000 peopleare employed by the two companies at the World Trade Center. At midday Wednesday, the companies said they wereunable to determine how many employees were in the building at the time of the attack or whether they were safelyevacuated. "All of our thoughts and prayers are with our [New York] colleagues and their families and friendsat this time," said Howard W. Lutnick, chairman of both companies. "In a very difficult and confusedsituation, we are doing all that we can to determine more about the situations of colleagues." The companieshave asked anyone who can confirm the safety of any of the affected employees to phone 212-704-8188. Relativesand friends who wish to inquire about employees should call, from inside the U.S., 1-866-326-3188 or 011-44-20-78947321 and, outside the US, +44 (0)20 7894 7321. The eSpeed website in the United Kingdom will also provide updates.Its address is http://www.espeed.co.uk.
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Competition that impacted margins and prepayments in excess of expectations were challenges during the period, but executives report first quarter improvement.
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VA- and FHA-backed mortgages helped drive the increase in property volume, but sales did not maintain the same pace, according to Auction.com.
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Even with the 4 basis point rise in the 30-year fixed over the past two weeks, mortgage rates are still hovering near three-year lows, Freddie Mac said.
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Analysts estimate Pennymac, Rocket, UWM and Loandepot will post an improved earnings per share and total loan origination volume than the same time a year prior.
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Overall, three-quarters of those in a National Mortgage News survey believe loan production will increase during 2026, but just 15% felt strongly about it.
January 29 -
Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data.
January 29




