Additional efforts to structure a United Kingdom version of the U.S. real estate investment trust tax vehicle are among the ways that the U.K. could improve investment in housing, according to a report released by the U.K. Treasury on Wednesday.The supply of new homes in the U.K. has failed to keep up with demand, according to the report. It proposes several ways to address the issue. The U.K. Treasury can be found on the Web at http://www.hm-treasury.gov.uk.
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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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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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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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