The London office of interdealer broker TFS is launching United Kingdom home price futures indices.The indices express a forecasted value for the future price of an average U.K. home using derivatives prices quoted in the over-the-counter residential property market (with HBOS PLC's Halifax House Price Index as its basis), according to TFS. The U.K. interdealer broker can be found on the Web at http://www.tfsbrokers.com.
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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.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24