12:00
5 mins read
A Credit-Score Shift at Fannie and Freddie Is Shaking Up the Mortgage Market
For decades, FICO credit scores played a critical role in determining homeownership for many Americans. Now the mortgage industry is embracing another metric.
Regulators and lenders recently opened the door to using riv...
06:32
6 mins read
Americans' Savings Help Fuel Private Credit
Indexed annuities guarantee no market losses, but insurers can periodically adjust the formula for returns
By Heather Gillers
When Sabrina Elliott inherited some money, her son-in-law helped her invest $40,000 in a pro...
01:00
5 mins read
A New Type of Mortgage Is Reviving Long Abandoned Neighborhoods
East Cleveland, Ohio, isn't used to getting real-estate investment.
The federal government in the 1930s marked much of the city as "definitely declining" and warned banks that lending there was risky. For decades, its n...
02:45
6 mins read
The Sleepy Insurance Product That Came to Power Private Credit's Ascent
When Sabrina Elliott inherited some money, her son-in-law helped her invest $40,000 in a product that dangled the prospect of stock-market gains with no risk of loss.
In exchange for locking up her money for 12 years, i...
01:00
4 mins read
How to Give Your Kids Money for a House Without Things Getting Weird
A forbidding housing market is pushing many home buyers to bank on their parents for help. The hard part is keeping family money from making things messy.
There are many potential pitfalls. Parents wield their generosit...
06:00
3 mins read
REVIEW & OUTLOOK (Editorial): El-Sayed, Jackson and Medicare for All
Are voters finally going to hear a debate on Medicare for All? Maine Democratic Senate candidate Troy Jackson doesn't seem to have thought about it very hard, other than as a slogan. And Michigan's Abdul El-Sayed is now...
19:42
3 mins read
Wall Street Investors Warn of AI Concentration Risks and PE's Exit Squeeze
Private equity's highflying bet on the artificial intelligence build-out obscures risk and echoes past market bubbles, according to attendees at this week's Greenwich Economic Forum.
While AI investments are propelling...
17:24
3 mins read
Capital Concentration Amplifies BDC Woes, Credit Executives Say
Private-credit executives point to an overreliance on a small group of wirehouse brokers and wealth management gatekeepers as a primary driver behind surging withdrawal requests from nontraded business-development compan...
15:51
2 mins read
Michigan Files Antitrust Suit Against Blue Cross Blue Shield Over Rising Costs
Michigan's attorney general filed an antitrust suit against Blue Cross Blue Shield of Michigan, alleging that the state's largest insurer used its dominant position to drive up health costs for patients.
The state's sui...
06:33
5 mins read
Influencers Urge Public: Don't Pay Medical Bills
As costs to patients explode, so do social-media posts suggesting people think twice about paying high bills
By Peter Loftus
Ian Howard was shocked to get a $1,000 bill for a brief visit to the emergency room that dete...
06:33
3 mins read
Wells Fargo Faces Probe Of Loans to Minorities
White House probes programs boosting homeownership for minority groups
By Dylan Tokar
Trump administration housing officials are launching an investigation into Wells Fargo over programs and commitments the bank made o...
06:00
4 mins read
Unruly Republic: South Carolina Could Go Blue ---- By Barton Swaim
North Charleston, S.C. -- After the death of Lindsey Graham on July 11, Gov. Henry McMaster chose the late senator's sister, Darline, to serve out the remainder of her brother's term. A few days later, with Ms. Graham sw...
06:33
3 mins read
Justices Seem to Back 401(k) Expansion
Justices on Tuesday heard a pivotal case for buyout firms' push into individual retirement accounts
By Chris Cumming
The Supreme Court appears to be leaning toward a ruling that could smooth private equity's path into...
06:33
2 mins read
L'Oréal Taps Firms to Shed Liability
The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits
By Alexander Gladstone, Andrew Scurria and Jodi Xu Klein
L'Oréal has engaged restructuring advisers to ex...
02:00
5 mins read
These Influencers Are on a Mission to Stop People From Paying Medical Bills
Ian Howard was shocked to get a $1,000 bill for a brief visit to the emergency room that determined he sprained his ankle in a fall last year. Instead of fighting the bill, he just didn't pay it.
"I went in for a sprain...
20:17
3 mins read
Supreme Court Sounds Skeptical of Challenge to Private Equity in 401(k)s
The Supreme Court appears to be leaning toward a ruling that could smooth private equity's path into Americans' 401(k) retirement accounts.
The nation's highest court on Tuesday heard arguments in a case, Anderson v. In...
08:09
1 min read
KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II---Update
KKR said late Monday that it struck a deal to buy Gen II, a fund administrator that targets buyout and other types of private-capital funds, in a transaction that values the business at roughly $5 billion including debt....
06:33
4 mins read
Heard on the Street: Bank Stocks Haunted by Ghosts of 2023
Lenders have stronger balance sheets now as they face a new rate-rise cycle
By Telis Demos
When the Federal Reserve starts raising interest rates, the market immediately starts to wonder: What will break?
During the l...
06:33
1 min read
KKR To Buy Fund Specialist Gen II
Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets
By Lauren Thomas and Ben Dummett
KKR has struck a deal to buy Gen II, a fund administrator that targets buy...
06:33
4 mins read
A Walter Charity Is Linked To a Firm In Probe
Academy Group will be funded by an entity being examined as part of the probe into Walter's insurance lending; charity says the switch was always the plan
By Shane Shifflett and Margot Patrick
A charity that Los Angele...