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Real estate investment trusts that buy mortgage debt tumbled, adding to their biggest weekly loss in more than a year, on concern the markets that finance them will be roiled if the U.S. government.
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Lloyds Banking Group Plc is snapping up Tesco Plc’s mortgage portfolio for about 3.8 billion pounds ($4.6 billion) as the British bank bets the U.K. economy will hold up despite the prospects of a.
data from the group showed Thursday. The median forecast in Bloomberg’s survey called for no change. Compared with a year earlier, contract signings were up 1.7% on an unadjusted basis, the most since.