A partial building collapse in New York City may more likely be explained by contractor error than from inherent risks in large-scale office-to-residential conversions. An engineer on the former Pfizer headquarters conversion told Gothamist that workers failed to reinforce columns as designed. The columns buckled and prompted evacuations across seven Manhattan Midtown East blocks. The […]

In late July, 2025, 30yr fixed rates embarked on an excellent adventure, moving down from 6.75% on July 31st to 5.99% by late February, 2026. Since then, things haven’t been great thanks to war-related fuel price drama and stronger econ data (the supreme court ruling on tariffs didn’t help either, because it increased Treasury issuance

Key insight: Republicans highlighted the Federal Home Loan Banks’ role as a reliable liquidity backstop for member institutions. What’s at stake: Discussion drafts considered at a House Financial Services Committee hearing would ease capital rules for the banks and designate FHLB advances as “core” deposits. Forward look: The discussion drafts set the stage for potential