Items Tagged with 'Wilbur Ross'


  • Hey homebuilders, Canadian lumber tariffs could jump nearly 30%

    Commerce Department proposes another Canadian lumber tariff
    U.S. Secretary of Commerce Wilbur Ross announced a new proposed Canadian lumber tariff that would stack on top of the tariff announced back in April on Canadian softwood lumber imported into the U.S. Why is this important? Softwood lumber is the type primarily used in home construction. As a result, the National Association of Home Builders says the steep increase would have a drastic financial impact on homebuilders and homebuyers.
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  • Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

    Plus trouble brewing for Canada’s housing market
    In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
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  • [video] Treasury secretary nominee Steve Mnuchin: Undoing Dodd-Frank "top priority"

    “It’s way too complicated”
    The news of President-elect Donald Trump selecting Steve Mnuchin as Treasury secretary is barely a day old but that isn’t stopping Mnuchin from making a lot of significant public statements on housing. On top of dropping a bombshell about the future of Fannie Mae and Freddie Mac, he also discussed his thoughts on Dodd-Frank in an interview with CNBC.
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  • Trump chooses Wilbur Ross as Commerce secretary

    Nominee has long history in housing business
    Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, has a long history in the housing business, but Mnuchin isn’t the only one of Trump’s latest appointments to boast such a history. Trump also announced that he chose Wilbur Ross to serve lead the Department of Commerce. Here's a look at Ross' history in housing.
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  • Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized

    Steve Mnuchin tells Fox Business: "We’ll get it done reasonably fast"
    Making the media rounds after being selected to serve as Treasury secretary by President-elect Donald Trump, Steve Mnuchin dropped a bombshell about the future of Fannie Mae and Freddie Mac. Rather than be wound down, as some advocate for, Mnuchin said the government-sponsored enterprises will be taken out of “government ownership,” restructured, and privatized.
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  • Wilbur Ross quits Ocwen Financial

    Distressed asset investor bringing his magic to Bank of Cyprus
    Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial and several other companies where he serves as a director.
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