Hints and tips:
Related Special Reports
...Plaid’s investors include Silver Lake Partners and Ribbit Capital, as well as the asset management arms of JPMorgan Chase, Goldman Sachs and American Express....
...Fixed-rate mortgages, at around 2 per cent, are still relatively low, though it’s hard for Americans to get loans....
...But a poll on Sunday showed that just 13 per cent of Americans feel they are better off under the US president....
...Smart reads American football US investors now own more than a third of the 92 professional teams in England’s top four soccer leagues, Bloomberg News reports....
...“That’s a sad commentary on the state of American politics. Now I know why they call this the political silly season.”...
...GEORGE BUSH: In recent years, innovative mortgage products have helped millions of Americans afford their own homes, and that's good. Unfortunately, some of these products were used irresponsibly....
...They hedge out their duration risk, meaning they are purely exposed to mortgage spreads....
...Right now, for example, the American government is trying to implement a new wave of Basel III rules, sparking a furious backlash from Wall Street figures such as David Solomon, head of Goldman Sachs, who...
...Citi says it serves 700 law firms and 50,000 lawyers in the US and Britain, providing services that include favourable mortgage rates....
...“They had to drive an hour or more into a big city just . . . to try to get a mortgage or car loan,” he said....
...The company blamed “significant increases in home mortgage interest rates” for curtailing demand....
...The American people are “probably as confused about banking as ever and that has consequences,” he added....
...But plenty of Americans have a hard time letting go. This has been a boon for self-storage operators....
...of your business to paying down debt or saving for a house deposit, “we gravitate towards and attract that which we think about most of the time,” says Timi Merriman-Johnson, better known as financial educator...
...Walmart’s soft outlook was echoed by Home Depot, which warned its full-year earnings could decline for the first time since the financial crisis, against a backdrop of elevated inflation and mortgage rates...
...Americans collectively lose billions of dollars every year in unnecessary interest payments and investment costs, among other things....
...Berkshire said higher mortgage rates were also expected to pressure its handful of businesses in the housing sector....
...Three US index fund providers — BlackRock, State Street and Vanguard — together control 15 to 20 per cent of most American companies....
...Warren Buffett (who famously called diversification “protection against ignorance”) now has three-quarters of his equity investments in five companies (Apple, Bank of America, Chevron, Coca-Cola and American...
...Stress is likely to emerge when landlords come to refinance mortgages, warned Hyler....
...The measures represent “the most crucial pivot since Beijing significantly tightened financing of the property sector,” economists at Nomura Holdings Inc. wrote Monday in a note....
...The reprieve could spur more Americans to refinance their mortgages and get buyers put off by surging home prices to come back to the market....
...Paulson grew up to be a hedge fund virtuoso rather than a concert pianist, making billions of dollars shorting subprime mortgages before the financial crisis....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...However, outsized bets on mortgage-related assets ultimately led to the bank’s demise in 2008, when housing prices started to fall and panicked creditors demanded repayment....
International Edition