Finance & Mortgage

Insurers Must Set Aside More Capotal for Mortages

Insurers must set aside more capital against their mortgage-related investments to protect against possible future downturns in the housing market, state regulators agreed on Friday.

Mitsubshi Targets Growth of Tiny Property Funding Business

Japan's top trading house Mitsubishi Corp is expanding its small real estate financing business to benefit from rising property purchases by foreign investors in the country and an expected jump in refinancing of loans, a senior executive said.

Fannie Mae, Freddie Need Less Government Funding

Fannie Mae and Freddie Mac are expected to require less taxpayer aid and may be able to stop tapping government coffers as early as next year, the U.S. housing regulator said on Friday, partly because the health of the bailed-out companies has improved.