The Treasury Department started Trump accounts for 60 million kids — but families still have to take this step if they want one

Overall foreclosure prevention activity slowed at Fannie Mae and Freddie Mac this spring, just ahead of a transition to shorter allowable forbearance periods and more reliance on loan modification. Processing Content The government-sponsored enterprises (GSEs) completed 17,201 foreclosure prevention actions during the month, representing an 8.7% drop from March’s 18,835.  “Foreclosure prevention actions decreased in…

Andersen Group: Premium Valuations Cannot Afford A Slowdown Suggested By The Outlook

(Bloomberg) — Consuelo Vanderbilt Costin is one century and six generations removed from the man who built one of America’s most storied fortunes and seeded a small part of her own. Still, she’s building a family office she hopes will serve as a financial nexus for the 800-plus descendants of railroad tycoon Cornelius Vanderbilt. Costin’s…

Mayor Zohran Mamdani’s public restroom pilot won’t exactly make New York City flush with new facilities, adding just 17 bathrooms across the five boroughs in its initial rollout.  But a modular solution may alleviate pressure to pursue costly permanent construction projects or reliance on the few developer-run restrooms in buildings’ public spaces. A new partnership…

The Securities and Exchange Commission (SEC) will consider a potentially significant overhaul of crypto regulation Friday (Aug. 14), moving to establish formal exemptions that could allow digital asset projects to raise capital without registering securities and eventually move outside the agency’s jurisdiction. At its Friday open meeting, the SEC will consider proposing new rules to…