Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public.
Category: Real Estate and Housing (Residential)
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The Priest, the Financier and the $10 Millon Townhouse
When a pastor learned his childhood home might undergo a glow-up, he saw his beloved Brooklyn further receding — and took to a different kind of pulpit.
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Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo
This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large.
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As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It
Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes.
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Where Did All the American-Born Roofers Go?
The real story of how immigrant labor came to define the construction industry.
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Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs
White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
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Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds
The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.
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Trump Says He Wants Congress to Stop Wall St. From Buying Single-Family Houses
The president said he wanted Congress to stop big investors from buying the houses, which has driven up rents and set obstacles for first-time buyers in some markets.
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Historic Shift Underway in China’s Economy as Investment Slump Deepens
Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world.
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Can Killington Become the ‘Aspen of the East’? Maybe With a $3 Billion Upgrade.
A developer wants to add luxury housing and a glossy base area complete with everything from a spa to a ‘ski beach’ to the resort, which has never been known for its amenities. But is Vermont ready for it?
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Robert A.M. Stern, Architect Who Reinvented Prewar Splendor, Dies at 86
He designed museums, schools and libraries before winning international acclaim late in life for 15 Central Park West in Manhattan, hailed as a rebirth of the luxury apartment building.