About half the United Kingdom's larger, publicly listed property firms might convert to property investment funds if the U.K. were to introduce them, the Council of Mortgage Lenders has reported.One quarter of the U.K.'s smaller property firms also might convert to PIFs, the U.K.'s proposed equivalent of real estate investment trusts, according to a study the CML commissioned. The study indicated that these expected conversion rates are based on the assumption that the transfer fee would not be too high for the companies in question. The CML can be found online at http://www.cml.org.uk.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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