High rates had ‘chilling effect’ on new-home purchase market in September: MBA

Beneath the roaring Cross Bronx Expressway, at the under-attended announcement of a study for 10,000 potential new homes, Speaker Julie Menin was not expecting to field any queries from the press.  The day before, Mayor Zohran Mamdani’s administration announced it wouldn’t send anyone to testify in person at a City Council oversight hearing on the…

About a year ago, an AI-generated image posted to social media by President Donald Trump caused a stir among mortgage market participants. The image showed Trump standing behind the New York Stock Exchange’s famous bell, with text suggesting the president was considering merging government-sponsored enterprises Fannie Mae and Freddie Mac into a publicly traded company…

Mumbai: The RBI has revised governance norms for banks boards, narrowing their role to strategy, risk oversight and corporate governance while empowering specialised board committees to handle a host of routine, operational matters. The amendments, which come into effect from October 1, follow draft proposals released in April and are aimed at allowing directors to…

SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019. Philip Pacheco | Afp | Getty Images Elon Musk had a head-spinning week in AI. After agreeing with bitter rivals Dario Amodei and Sam…

Ask and ye shall receive, at least when it comes to Rithm Capital’s dream of a partner at a trophy Midtown Manhattan office tower. DRA Advisors is joining Michael Nierenberg’s Rithm as a joint venture partner at 1301 Sixth Avenue, taking a 49 percent stake in the building, the Commercial Observer reported. The deal values…