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Project of the Year: Santana Row
Rooted in studies of thriving European streets, the Santana Row project successfully integrates trendy lofts and townhouses into a busy commercial setting--while preserving a good quality of life for residents. As the architect for Federal Realty Investment Trust, the firm that purchased the land, Krugmeier and her firm set out to create living spaces evoking turn-of-the-century millhouses.
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Democrats Urge Bush to Appoint a "Mortgage Czar"
Senate Majority Leader Harry Reid (D-Nev.), Speaker Nancy Pelosi (D-Calif.), Senators Chris Dodd (D-Conn.), and Charles E. Schumer (D-N.Y.), and Reps. Barney Frank (D-Mass.) and Carolyn Maloney (D-N.Y.) offered a plan Wednesday to slow rising home foreclosures caused by the subprime mortgage crisis. The Democrats presented a plan that includes increasing federal funding for foreclosure prevention and temporarily raising the portfolio caps on Fannie Mae and Freddie Mac. The leaders also called on President George W. Bush to appoint a special advisor or "mortgage czar" to oversee and coordinate the federal government's response to the subprime meltdown.
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Foreclosures Will Be Up in 2008, and Will Impact Home Builders
Foreclosures will be worse in 2008 than they were in 2007.
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