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  • Sources: Trump plans repeal of FHA mortgage insurance premium cut

    With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.

Real Estate The Ticker

Port strike could hurt Home Depot, Lowe's

Home Depot (HD) and Lowe’s (LOW) have the most at stake among retailers facing a dockworkers’ strike, with possible port closings cutting off shipments right before the lucrative gardening season.

Home Depot, the biggest U.S. home-improvement chain, is making plans in case 15,000 workers at ports from Maine to Texas walk off the job, and Lowe’s said that it is monitoring the talks. About 45% of the commerce that flows in an out of the U.S. goes through East Coast ports, according to the National Retail Federation.

Source: Bloomberg
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