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And banks that hold their own mortgages can offer more flexible underwriting terms.
Even if Fannie and Freddie's capital constraints do not stop them guaranteeing mortgages, they have tightened their underwriting terms.
Mr. Garfinkel said borrowers had little or no recourse against lenders who go out of business or change their underwriting terms.
Thanks to stricter underwriting terms and slowing home-price falls, those mortgages sport far lower loan-to-value ratios and delinquency rates than "legacy" mortgages issued during the bubble years of 2005-08.As a result, both companies are firmly back in the black.
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Meanwhile, the Federal Reserve found that mortgage-underwriting terms were tightening by the greatest extent since the early 1990s.Amid the despondency, however, supply and demand are moving towards balance.
The government could help by reforming subsidies, creating a clearer path into agriculture for go-getters with commercial acumen and underwriting long-term investment in skills, research and technology.
EDF stood by plans to build two new plants at Hinkley Point in Somerset, with hopes to open the first in 2019, but a final investment decision is contingent on the government underwriting long-term electricity prices.
There is unsettlingly large uncertainty as to whether the US divisive political system can produce an optimal hybrid model of stability, that is the right fiscal model to underwrite short-term growth and the right economic model to underwrite the long-term health of the public finances.
Power firms should be encouraged to sign contracts that would enable UK Coal to underwrite long-term investment, he says.
The 12-bank system was created by Congress during the Depression to provide low-cost money to retail banks to help them underwrite long-term mortgages for home buyers.
On the other, Olshansky notes that the algorithm's ability to "pick up on certain red flags" of accelerated aging and its associated health effects could make an employer less likely to hire someone or an insurer less willing to underwrite long-term care.
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