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Here’s Why I Haven’t Been Sleeping Well Lately: A Thread on Derivatives. CLOs, or Collateralized Loan Obligations. Sound familiar? That’s because they sound like CDOs from 2008.As a former derivatives
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The more I research about fintechs getting in on the #PPPLoan, the more I want to see how they intend to underwrite. Do a lot of neobanks have traditional underwriters
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Day 1 of #PPP is over, here’s what I’ve learned: W2 wages only. Guaranteed payments do not apply. Any form of documentation for your health insurance payments & retirement programs
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A short peek into how we are processing these loans: I would really appreciate any pointers/advice from my peers! 1. Borrower submits info to us. They typically are missing documentation
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