By Sushil Cheema
- Chris Whirlow
- House of the Day: Providence Penthouse: Located on the top two floors of this three-story building in Rhode Island, the unit features wood-burning fireplaces, two bedrooms and city views.
Here is a look at real-estate news in today’s WSJ:
Freddie’s Operating Chief Resigns: Freddie Mac said Bruce Witherell left for “personal reasons” and that his departure was effective immediately.
Calpers Weighs Dropping Stocks from Property Portfolio: Calpers, the giant California pension fund, is proposing to eliminate real-estate stocks from its property portfolio, a blow to efforts by real-estate investment trusts to convince institutional investors to increase their REIT holdings.
J.P. Morgan Apologizes for Military Foreclosures: A J.P. Morgan Chase executive, at a U.S. House hearing Wednesday, apologized for wrongly foreclosing on military families and overcharging thousands for mortgages.
Asia House of the Day: A Penthouse Pushes Price Limits: A penthouse in Tai Hang is pushing prices higher with a $24.3 million price tag — five times the average per-square-foot cost in the area.
Europe House of the Day: Jugendstil Starnberg Home: This 100 year-old residence in Starnberg, Germany, was designed in the Jugendstil style popular in the country around the turn of the 20th century.
Paperwork Rule Slows Foreclosure Auctions: New state foreclosure rules have created a three-month-long foreclosure holiday for many troubled homeowners across New York City, driving down the number of new auctions to the lowest level in years.
N.Y. House of the Day: Suburban Mid-Century Modern: This 1960s home in Irvington, N.Y., is surrounded by large boulders and features five bedrooms and a two-story library for the owners’ collection of hard-bound books.
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