Neil Levin, former chairman of the Federal Home Loan Bank of New York, is missing and presumed deadin the wake of last week's terrorist attacks on the twin towers of the World Trade Center. Mr. Levin,who chaired the New York bank from 1988 to 1994, was executive director of the Port Authority of New York and NewJersey. The authority, which managed the complex, had offices in the towers. Mr. Levin, 46, had a long career infinancial services, including stints on Wall Street and Capitol Hill, where he served as legislative counsel toformer New York Sen. Alfonse D'Amato, who chaired the Senate Banking Committee. Mr. Levin also served as New Yorkbanking commissioner. The FHLB-NY, which was housed at 7 World Trade Center, lost its headquarters in the attacks,but as previously reported, all 120 of its employees were safely evacuated.
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Consumers are 19% more likely to pay their auto loans than their mortgages, which is a shift in attitude from the pandemic period, FICO said.
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The transaction combines independent mortgage companies which are based in Strongsville, Ohio (East Coast) and Folsom, California (West Coast).
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Housing finance firms have anticipated a 25 basis point move, so what could move the needle is less that outcome than actions that go beyond or differ from it.
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A federal judge in Colorado ruled that the appraisal discrimination case raised by the government against both Rocket and Solidifi will move forward.
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New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
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A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
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