by Christopher Liechty | Nov 8, 2013 | Finance
Where loan origination is fragmented, payments get made to intermediaries for the services provided. In some cases, those payments are clearly disclosed to borrowers as fees on the loan. However, most of the time the cost of paying the intermediary is built into the...
by Christopher Liechty | Nov 5, 2013 | Finance
A common view of bankers is that we spend our mornings swindling the public and our afternoons rolling around in piles of money. While I can’t speak for the investment banking community, life in commercial banking is far less edgy (and far more ethical). In our...
by Christopher Liechty | Oct 24, 2013 | Finance
Admittedly, I love numbers. As a lender, numbers are the focal part of my daily work. A truly huge portion of my day is devoted to numbers. Numbers tell interesting stories, two of which I’d like to share with you. A Story of Scale We speak to contractors daily who...
by Christopher Liechty | Sep 27, 2013 | General Topics, Home Improvement
When I was studying for my MBA, my favorite courses were in economics. On the first day of one class, the professor wandered in with a stack of newspapers. Each paper contained an article that he’d selected for the sole purpose of reading aloud and then demolishing...
by Christopher Liechty | Sep 24, 2013 | Finance
If the world were Facebook, nobody would “like” regulatory compliance. It is one of those costs of doing business that most prefer to spend as little time as possible thinking about. Kind of like keeping stocked up on kitchen supplies. What makes regulatory...
