A new industry alliance has been formed to offer information on the use of derivative products based on U.S. commercial property. Called the Real Estate Derivatives Special Interest Group, the organization has established an advisory group that includes institutional investors, portfolio managers, index providers, academics, tax advisers, banks, and brokers. "The U.S. commercial real estate market is estimated to be in excess of $6 trillion -- and is the only major asset class not currently supported by a robust derivative market," said Phil Barker, senior vice president of CBRE/GFI and the vice-chair of RED-SIG. ".... RED-SIG aims to provide easy, free access to useful and important information for any investor considering real estate derivatives in their portfolio." The group can be found on the Web at http://www.red-sig.org.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25