Walter Buczynski, a former top executive of Fieldstone Mortgage, jumped to his death over the weekend from the Delaware Memorial Bridge after allegedly killing his wife, authorities say. Among subprime firms, Columbia, Md.-based Fieldstone ranked 23rd, according to the Mortgage Industry Directory. The company filed for bankruptcy protection in November. According to combined news reports, police said marital problems led Mr. Buczynski to kill his wife, not the financial woes of the now-defunct lender. In February 2007, C-BASS bought Fieldstone, a publicly traded real estate investment trust, for $260 million. (Last summer, in the wake of the margin calls, MGIC and Radian wrote down their interest in C-BASS by $1 billion.) The Burlington County (N.J.) prosecutor's office said the former executive, 59, left a suicide/murder note inside his car indicating that his wife could be found in their home in Southern New Jersey. Authorities said their two sons were safe.
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AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
1h ago - AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
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