Employees of downtown Manhattan fixed-income investment advisor Hyperion Capital Management havesafely evacuated their downtown Manhattan office and relocated to the Uniondale, N.Y., offices of company founderLewis S. Ranieri, who is widely recognized as the father of the mortgage-backed security. The companyhad had offices at One Liberty Plaza, across from where the World Trade Center towers stood. Hyperion said itsemployees "extend their heartfelt sympathy to the families and friends of the many people who were injuredor lost their lives in [Sept. 11th's] horrific acts of terrorism." The company promised support to organizationsand individuals involved in rescue operations. Hyperion has restored its electronic files and "all criticalaspects of its business operations." The company also reported that it had "re-established access tomarket services, and established contact with clients' custodians and banks, as well as the broker-dealer community."Hyperion said it has also resumed executing trades for clients' portfolios. The company can be reached until furthernotice at 50 Charles Lindbergh Blvd., Suite 500, Uniondale, N.Y. 11553; phone: 516-745-6644; fax: 516-745-6787.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
May 17 -
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
May 17