Going into mortgage forbearance might seem daunting for homeowners facing unexpected hardship, but it’s really meant to be a lifeline in those exact situations. More than 100,000 American homeowners were in forbearance as of May 2024, according to theMortgage Bankers Association. Understanding the...
The Fed’s move was termed an interim final rule, which is issued when there’s good cause to skip issuing a proposed rule, says Scott Birrenkott, assistant director of legal at the Wisconsin Bankers Association. Still, the proposal isn’t yet set in stone. ...
What is monetary policy? The Federal Reserve (“the Fed”) operates under a so-called dual mandate of maximizing employment and keeping prices stable. This dual mandate not only helps keep the economic juices flowing by encouraging and facilitating employment, but also keeps prices from getting ...
We the American people have been subjected to large amounts of fraud by the Bush-Cheney administration, the Government cover-up of 9-11, the Wall Street robber-barrons and elite bankers, Pentagon psy-ops regarding the Iraq war, etc etc. What is the recourse of "We the people" against th...
Chris Kreidler, who served as CFO at both Sysco Corporation and C&S Wholesale Grocers, developed networks of key shareholders and investment bankers he could use as sounding boards. He recommends asking yourself, “Who can I go to who would be willing to...
The largest 100 banks have a delinquency rate of just 2.56%, which remains low by historical standards, and is just a small fraction of the peak delinquency rate during the Financial Crisis. They can offer the most sophisticated incentives and marketing to attract the prime-rated customers. Over...
And now LR has introduced ‘LR Series’ aimed at accredited investors, with an updated algorithm and very large minimum investment. This trickles down – by its nature worse and worse loans are available to the people at the bottom of the food chain. This is in addition to LC’s own ...
Chris Kreidler, who served as CFO at both Sysco Corporation and C&S Wholesale Grocers, developed networks of key shareholders and investment bankers he could use as sounding boards. He recommends asking yourself, “Who can I go to who would ...
Discount window is a central bank lending facility meant to help banks manage short-term liquidity needs.
Bankers' Acceptances:These are short-term debt instruments guaranteed by a bank, often used for international trade. When a bank accepts abankers' acceptance, it assumes responsibility for paying the holder when the instrument matures. This bank guarantee makes them relatively safe investments. Short-...