The United Kingdom's chancellor of the Exchequer plans to draft a legislative proposal in 2006 that would allow for the creation of U.K. real estate investment trusts if a consensus can be reached with the real estate finance industry on the proposed tax treatment of the entities.Among the chancellor's requirements is that the REIT creation come "at no overall cost to the Exchequer." The chancellor made the plans in conjunction with the release of responses to a 2004 budget consultation on the issue that "has enabled the Government to better define the key features of a potential UK-REIT model that allows for market flexibility."
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27