Economy

PREIT, which owns a number of large malls, is trimming the salaries of its CEO and chief financial officer while suspending dividend payments as part of a deal with its lenders to stave off default as the coronavirus pandemic continues to take its toll on the troubled company.

The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.

The size of the decline depends on how bad the economy sinks and if the coronavirus spread is halted.

Fannie, Freddie also announced they'll face banklike liquidity standards starting Sept. 1.

The combined impact of coronavirus forbearance periods ending while low rates persist means large workloads for title insurers, appraisers and others.

Some real estate agents in the Daytona Beach, Fla., area have been reporting an increase in bidding wars for homes because of the low inventory.

The mortgage giants will have to meet benchmarks for covering cash flow needs during stressed periods. The FHFA views the requirements as a prerequisite to the companies exiting conservatorship.

The government-sponsored enterprise's earnings were up tenfold as it stabilized mortgage market liquidity amid the coronavirus.

Mortgage rates fell 2 basis points this week, remaining near their historic lows as they have for the past month with the markets roiled by uncertainty, according to Freddie Mac.

Even amid a global pandemic — and by all accounts spurred by it — Palm Beach, Fla., single-family property sales surged during the second quarter, according to a new round of real estate reports.