by Brian Pillmore | Feb 14, 2023 | Brian's Blog
Because for the first time in 15 years — you HAVE to. A risk continuum has to do with the interest rates that a bank charges, but before we dive deeper, you need to understand some called the “index” rate, or the “risk-free” rate.To put it simply, this is the rate you...
by Brian Pillmore | Feb 14, 2023 | Brian's Blog
In a sea of green paper, you have to find a way for your bank to stand out. Let me tell you about a man we’ll call Matt who found his unfair advantage in an industry with far less room to stand out than banking — Building metal structures. Matt’s structures weren’t...
by Ken Chase | Feb 14, 2023 | Banks, News
The Federal Reserve Board of Governors has announced the various scenarios it will use for its 2023 bank stress test. The test is an annual assessment designed to ensure that the nation’s banks have the resilience needed to meet the challenges posed by several...
by Brian Pillmore | Feb 10, 2023 | Brian's Blog
This is the most well-predicted recession, not just in a long time, but possibly ever. Lenders aren’t making the same mistakes as they did prior to the great recession. Loans are well collateralized.Appraisals are conservative.Underwriting is staying “in the...
by Brian Pillmore | Feb 9, 2023 | Brian's Blog
Every successful venture starts with 2 things:A small niche.A big vision.Jeff Bezos is the KING of this.At no point was Bezos’ vision to sell lots of books.It was always to disrupt Old World businesses with New World methods.Making the internet the new default for...
