The Chicago Board of Trade has launched a new futures contract based on the Dow Jones U.S. Real Estate Index.DJUSRE Index futures contracts are designed to help market participants capitalize on changes in the real estate sector of the stock market and better manage commercial real estate exposure. The new index is intended to accommodate the needs of institutional real estate investors and the commercial real estate market. It settles the value of the DJUSRE Index, which is comprised mostly of REITs. The CBOT also introduced three market makers for the new product including Susquehanna Investment Group, Wolverine Trading LLC and Allston Trading LLC.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24