Early Afternoon Update

Cole Porter’s old place in Waldorf Towers renting for $140,000 monthly (last item). [WSJ]

More on mortgage "cramdown" legislation for homeowners clearing legislative hurdles. [WSJ]

Complete text of Goldman Sachs’ analysis of New York condo prices and their possible drops. [WSJ]

Speculators accounting for most housing sales nationwide. [Bloomberg]

September 11 memorial at ground zero could open in time for attacks’ 10th anniversary. [Crain’s]

Widening inquiry into possible bid-rigging and tax evasion in the municipal bonds business. [NY Times] Early Afternoon Update