Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you canât access your funds until the ⦠Continue reading â
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You donât have to make a new yearâs resolution to make an effort to improve your financial wellness this year. Fortunately, a plethora of books are available to help you budget, save and develop sustainable financial practices. Whether you are ⦠Continue reading â
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FBO is an abbreviation for the common term âfor the benefit ofâ and it is often used in estate planning. In a trust, the term conveys ownership and value to the trustee. The FBO legal language is there to protect ⦠Continue reading â
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The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate by … [Read more…]
Ready to buy your Austin dream home? Here’s why a local bank is … CultureMap Austin
VA Home Loan Changes, GI Bill Benefits Among Help for Veterans in Year-End Bills Signed by Biden Military.com
The world is full of mysteries that have remained unsolved for centuries, and many of these mysteries continue to fascinate and perplex everyone, lay people and experts alike. From strange disappearances to inexplicable phenomena, these mysteries challenge our understanding of the world and leave us with more questions than answers. 1. The Voynich Manuscript … Read more
As mortgage professionals, I see us falling into these common traps. We speak a specific jargon. This jargon is what distinguishes us as professionals. However, our clients do not speak our language. And this is a good thing. If our clients spoke âmortgageâ they would need us less.
It hasnât been a good few weeks for banks whose names begin with âSiâ (Silvergate, Silicon Valley, and Signature, with Silicon Valley Bank declaring Chapter 11 bankruptcy this morning; todayâs Rundown discusses how the bank crisis may impact lenders). Ah, those clever secondary marketing folks. Cornerstoneâs Henry S. frets, âI canât believe itâs bank collapse season already. I just finished taking down my train derailment decorations.â Certainly, time flies by, and I hope youâre wearing some green today. Originally a religious holiday to honor St. Patrick, who introduced Christianity to Ireland in the 5th century, St. Patrickâs Day has evolved into a celebration of all things Irish, with the first parade on March 17, 1762, in New York City, featuring Irish soldiers who served in the English military. It certainly is more fun to think about celebrating the Irish than the constant stream of headlines as people race to conjecture about the health of world banking, and people crying âshoulda woulda coulda.â The markets seem to be performing a stress test on the Fed. The Federal Reserveâs (Fedâs) tightening seems to be finally having an effect, and an early victim has been smaller banks that did a poor job of managing interest rate and deposit concentration risk. (Todayâs podcast can be found here and this week is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking.)