Using banks as a distribution channel for loans plays to the banks’ strengths. Asking substantially all banks to spin up a new line of business in single digit weeks does not.
-
-
It looks like the consensus is that banks still think it won’t be enough with interest rate being doubled to 100bps and explicit forgiveness
-
Most banks have a CoC of 75 bps... how do we profit on just 25
End of conversation
New conversation -
-
-
What would the underwriting criteria be for a bank to issue these loans? And were any similar programs done in 2008?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Aren’t banks getting 5% on the backend for smaller loans? How on earth does $5k on a $100k loan not cover cost of underwriting? Is it simply the number of $20k loans where they’ll lose a little?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.