Could curbing share buybacks by homebuilders help solve the country’s affordability crisis? The White House certainly thinks so. Last week, Federal Housing Finance Agency Director Bill Pulte said The Wall Street Journal that the administration is “studying” how much home builders spend on buybacks of their own stock and said the industry deliberately keeps prices…
By Andrew Goudsward and Sarah N. Lynch NORFOLK, Va. (Reuters) – New York Attorney General Letitia James, a longtime critic of President Donald Trump, is expected to plead not guilty in federal court on Friday to charges related to allegedly lying on mortgage documents. James, a Democrat who last year obtained a $450 million civil…
Shares of Freddie Mac (FMCC) and its counterpart, Fannie Mae (FNMA), have been hot investments this year, rising more than 200% each after the Trump administration indicated it was considering a public offering for the two government-sponsored companies. While there is considerable interest in a shift toward privatization for Freddie Mac and Fannie Mae, one…
