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Ashford Inc. CEO Monty Bennett (Credit: Ashford)

Monty Bennett-tied companies to return $68M in PPP funds

Lodging companies connected to Texas hotelier Monty Bennett are returning more than $68 million in federal aid, after facing...

Monty Bennett-tied companies to return $68M in PPP funds
(Credit: U.S. Dept. of the Treasury, iStock)

Banks can snatch stimulus checks before landlords see a dime

Legislators fast-tracked the federal stimulus package to provide “fast and direct relief,” but allowed banks to garnish the checks...

Banks can snatch stimulus checks before landlords see a dime
US Federal Reserve Chairman Jerome Powell (Credit: ERIC BARADAT/AFP via Getty Images)

Fed plans major commercial mortgage buyback

The Federal Reserve dramatically expanded its lending programs meant to unclog credit on Monday by expanding its facilities to include different types of municipal and corporate debt. The Federal Open Market Committee said the...

Fed plans major commercial mortgage buyback
Tax perk meant for mom-and-pop owners will instead benefit major property investors

Tax perk meant for mom-and-pop owners will instead benefit major property investors

Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The...

Tax perk meant for mom-and-pop owners will instead benefit major property investors
Clockwise from top left: Here's why the defecit Trump hates is good for real estate, WeWork sold $702M in junk bonds, Zillow loses its luster for some brokers and the Mayor of Boca Raton took bribes from Palm Beach developers.

National Cheat Sheet: How much money WeWork made — and lost — last year … & more

Here’s how much WeWork made and lost last year Investors readily bought $702 million in junk bonds from WeWork in the co-working space’s initial...

National Cheat Sheet: How much money WeWork made — and lost — last year … & more
IRS closes off remaining REIT spinoff loophole

IRS closes off remaining REIT spinoff loophole

The Internal Revenue Service officially closed the last remaining legal avenue that allowed non-real estate corporations to spin off their...

IRS closes off remaining REIT spinoff loophole
LLC buyers not missing a beat despite Treasury crackdown

LLC buyers not missing a beat despite Treasury crackdown

In a town where buyers pay a premium for privacy, the U.S. Treasury’s plan to start tracing anonymous purchases...

LLC buyers not missing a beat despite Treasury crackdown
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Fannie wants $7.8B more in Treasury aid

Fannie Mae and CFO Susan McFarlandAfter reporting $5.1 billion in third-quarter losses Fannie Mae is seeking $7.8 billion more in Treasury Department aid, according to Bloomberg News. The loss is up from $3.5 billion...

Fannie wants $7.8B more in Treasury aid
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Turning green over homeowner tax credits

Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer may be: not...

Turning green over homeowner tax credits
Treasury falls short on oversight of $75B foreclosure prevention program

Treasury falls short on oversight of $75B foreclosure prevention program

The Obama administration’s $75 billion foreclosure prevention program has been widely criticized for its failure to, well, prevent very...

Treasury falls short on oversight of $75B foreclosure prevention program

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