Jefferson Davis’s Refuge in South Rises Again
August 27, 2008
Beauvoir, Jefferson Davis’s final refuge from 1877 to 1889, was almost destroyed three years ago, when Hurricane Katrina hit. But the amazing story is how much was saved and restored.
Pension Funds Watch Fannie, Freddie
August 27, 2008
Public pension funds that hold millions of shares of Fannie Mae and Freddie Mac are watching closely as Treasury Department officials consider whether to step in to help the mortgage-lending giants.
New York’s 9/11 Site Needed a Logue
August 27, 2008
Rebuilding Ground Zero is arguably the greatest political and bureaucratic fiasco in the history of the world. Planner Edward J. Logue would have provided the leadership that the 9/11 site needed desperately and never had.
Jefferson Davis’s Refuge In South Rises Again
August 27, 2008
Beauvoir, Jefferson Davis’s final refuge from 1877 to 1889, was almost destroyed three years ago, when Hurricane Katrina hit. But the amazing story is how much was saved and restored.
In a Slow Market, Builders Offer Big Incentives
August 27, 2008
There’s no guarantee that the housing market will turn around soon—but some builders are offering discounts that make it worth jumping now. June Fletcher offers tips on how to negotiate for a great deal.
Hedge Funds Help Fill a Gap
August 27, 2008
More investors seeking financing to acquire office towers, retail stores and hotels are left with little choice but to turn to so-called hard-money lenders, lightly regulated businesses that charge high interest rates for short-term loans. Among the biggest players in the hard-money arena are hedge funds.
Citigroup Veteran Takes Apollo Job
August 27, 2008
Apollo Management LP has hired a senior Citigroup Inc. executive to build its real-estate business.
Housing Market Still Under Pressure
August 27, 2008
Home prices are improving in some parts of the country but still falling sharply in hard-hit places like Phoenix, as the weak housing market and shaky consumer confidence continue to weigh on the battered U.S. economy.
FHA Raises Premiums for Home Loans
August 27, 2008
The Federal Housing Administration raised the premiums it charges for insuring that mortgages will be repaid to 1.75% of the loan amount.
S&P Cuts Mortgage-Insurer Ratings
August 27, 2008
S&P downgraded its credit ratings on the units of three mortgage insurers, reflecting its expectations for increased claims and concerns about the profitability of insured mortgages originated this year.
