meta_pixel
Tapesearch Logo
Log in
WSJ What’s News

How a Secret Mortgage Blacklist Is Making It Hard for Condo Owners to Sell

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 17 March 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Mar. 17. Condo sales are falling through when would-be buyers find that the property they want to purchase is on a mostly secret mortgage blacklist maintained by Fannie Mae. WSJ insurance reporter Jean Eaglesham tells us about the list and why it is growing. Plus, President Trump lays the groundwork for investigating people pardoned by President Joe Biden. And recent market volatility is leaving even hedge funds floundering. We hear from WSJ special writer Gregory Zuckerman about the funds’ impact on the broader market and what signals they will be looking at in the near future. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:33.0

How a secret mortgage blacklist leaves homeowners stuck with condos they can't sell.

0:38.3

We're seeing these developments, particularly in areas of high risk,

0:43.3

so disaster-prone areas where the insurers are pushing up the cost of insurance quite dramatically.

0:49.3

Plus, why last week's market volatility made even the hedge funds flounder.

0:59.0

And President Trump lays the groundwork to investigate people pardoned by Biden.

1:01.3

It's Monday, March 17th.

1:03.5

I'm Alex Osala for the Wall Street Journal.

1:09.3

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:12.5

Retail sales rose modestly in February,

1:17.2

offering reassurances that while consumer spending has slowed this year, it hasn't stopped completely. Sales edged up a seasonally adjusted 0.2% from the prior month, missing economist

1:23.1

expectations. The slimmer gain in February was concentrated in sales at automobile and auto part

1:28.9

dealers. The details of the report were mixed. Sales rose at grocery stores and non-store

1:34.6

retailers, a category that's dominated by online retailers, while they fell at electronics and

1:39.6

appliance retailers, department stores, and restaurants and bars. Those are a sign that Americans are

1:45.1

scaling back on nice-to-haves. Meanwhile, the Organization for Economic Cooperation and Development,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.