Economy

As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.

The agency flagged faulty risk management and other issues at the Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of San Francisco in exams conducted last year.

A Clever Real Estate survey found a significant share of new borrowers are not making their full payment.

Anyone who has been watching real estate in Palm Beach, Fla., over the past several weeks has seen the number of new contracts — and closed sales — attest to the remarkable vibrancy of the market in chaotic times.

But deal sponsors are primarily restricting property assets to the lower risk multifamily and office buildings that lenders are more confident will weather the economic strains brought by the coronavirus pandemic.

The coronavirus pandemic brought more attention to the affordable housing issue and illuminated already vulnerable, low-income populations.

The measures extended by the Federal Housing Finance Agency include alternative methods used for certain appraisals and for verification of employment.

The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.

The coronavirus market disruption actually caused the company's execs to speed up its return.