The real estate investment trust sector recorded a total return of 8.3% in 2005, beating other market benchmarks for the period, according to the National Association of Real Estate Investment Trusts.This return on the NAREIT Composite index compares with a 4.91% return on the S&P 500 index and a 1.37% return on the NASDAQ Composite, according to the Washington-based REIT industry trade group. Taking into account only changes in REIT prices, and leaving out dividend payouts, the REIT sector recorded a total return of 2.51% last year. NAREIT can be found online at http://www.nareit.com.
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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.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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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.
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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.
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