Household debt as a percentage of GDP rose to 70 per cent in the third quarter of this year from 67.1 per cent a year ago.. Read more at straitstimes.com.
The list of high-profile companies looking to tap the public equity markets is getting longer.
Mytheresa, the luxury fashion platform, set terms for its initial public offering Tuesday. The company plans to sell 15.6 million shares at $16 to $18 each. Each American depositary receipt represents one ordinary share. Mytheresa plans to trade on the New York Stock Exchange under the ticker MYTE. Mytheresa is expected to price its IPO on Jan. 20 and trade the next day, a person familiar with the situation said.
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The list of high-profile companies looking to tap the public equity markets is getting longer.
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Jan. 9, 2021 11:00 am ET
WASHINGTON Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some Realtors and bankers say.
Fannie Mae last month changed its rules to make it clearer that it won’t back certain loans in high-rent vacation areas, with Freddie Mac taking similar steps that go into effect next month.
The moves by the two government-controlled mortgage giants come as the Trump administration seeks to shrink their footprint in housing, especially in areas such as vacation properties that may not serve the core mission of encouraging homeownership by making it more affordable.
Think Twice Before Refinancing a Student Loan
Federal student loans carry benefits that will disappear if the borrower refinances with a private lender More than 43 million Americans owe a collective $1.6 trillion in federal student loans. WSJ’s Josh Mitchell explains how President-elect Joe Biden plans to help borrowers tackle that debt. Photo illustration: Carlos Waters By Cheryl Winokur Munk Updated Jan. 9, 2021 9:00 am ET
Low rates are causing many people to consider refinancing mortgage and other debt. But one type of debt you shouldn’t touch right now is federal student loans.
Refinancing a student loan could help borrowers lower their monthly interest rate, decrease their monthly payment and pay off their loans faster. However, borrowers who refinance a federal student loan with a private lender lose out on consumer protection and repayment programs that federal loans offer, including income-driven repayment and loan forgi
How the American Mortgage Machine Works
A lot has to happen to make 30-year mortgages at super-low interest rates possible. Investors should understand what each player in the process does, and what risks they take. By Updated Jan. 3, 2021 1:22 pm ET
Every family needs a home, and so do the many risks created by the 30-year mortgage that is standard in America.
Finding an investor to take each of those risks is a job of the Rube Goldberg contraption that is the U.S. housing-finance industry. Investors who don’t understand how it all fits together might one day find themselves scrambling for shelter.