Billionaire hedge fund manager Bill Ackman has criticized the Trump administration’s plan to sell shares of mortgage giants Fannie Mae and Freddie Mac to the public, laying out an alternative path that would reward existing common shareholders. Ackman, whose Pershing Square hedge fund holds a substantial stake in Fannie and Freddie’s common stock, unveiled an … Read more
More than 240 miles away from the White House sits a quaint Tudor-style abode that boasts an enormous political legacy—having once served as the childhood dwelling of none other than President Donald Trump. The picturesque house was built by Trump’s father, real estate developer Fred Trump, in 1940 and was used as the family’s primary … Read more
President Donald Trump now has a short list of five final candidates to replace Federal Reserve Chair Jerome Powell, and his ultimate selection will have major implications for the housing market and the broader economy. Although Trump has repeatedly threatened to fire Powell, whom the president himself appointed during his first term, Powell seems destined … Read more
Palm Beach’s “trash kingpin” is looking to clean up with the sale of his waterfront megamansion—listing the dwelling for the sky-high price of $59.5 million, just weeks after he sold off another nearby property for $38 million. Waste management tycoon and prominent Trump donor Anthony Lomangino purchased the sprawling Florida abode for the relatively paltry … Read more