refinancing News & Analysis
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Market Mood
Dolce & Gabbana Gabbana Steps Down as Chairman Effective Jan. 1
Stefano Gabbana has resigned as chairman of Dolce & Gabbana effective January 1, although he will maintain a creative role. Alfonso Dolce has been appointed as the new chairman. The fashion house is managing €450 million ($525.7 million) in debt and is seeking €150 million in new funding as part of a refinancing effort. The company has also reportedly considered selling real estate and renewing licenses to generate additional revenue for debt management.
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Mortgage Delinquency Rate Reaches 4.8% in October 2025, Highest Since April 2020
As of October 2025, the mortgage delinquency rate in the U.S. stands at 4.8%, the highest since April 2020. Delinquencies for 60 days and 90 days also reflect an upward trend, recorded at 2.4% and 1.6%, respectively. In the realm of student loans, severe delinquencies (90 days or more) saw a significant increase from 0.8% in October 2024 to 10.9% by April 2025, with the current rate at 11% as of October 2025. These rising delinquency rates could negatively impact consumer credit scores and borrowing costs, indicating potential stress in consumer financial health.
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