Articles
Another 75 Basis Point Federal Reserve Rate Hike
Posted: August 2, 2022 | By: LendVer Staff – The central bank announced the second consecutive 75 basis point increase of its benchmark interest rate after the meeting of its Federal Open Market Committee (FOMC) this past Wednesday. The two back-to-back 75 basis point rate increases are the most aggressive ever enacted. Jerome Powell, chair of [...]
NYC Investment Property Lending Stays Active
Updated: August, 1 2022 | By: LendVer Staff – Manhattan residential real estate is making a come-back as COVID concerns abate, but a faltering economy is leaving many questioning whether their access to financing may soon be impacted. Short-term, private and institutional real estate lenders also known as bridge lenders, can offer competitive financing solutions [...]
How to Open an Emergency Line of Credit
Posted: June, 15 2022 | By: LendVer Staff – If we all learned one thing from the Great Recession, and now from the COVID-19 pandemic, it’s that having reserve capital on-hand is essential to making it through difficult times. Government stimulus was a welcome relief for many small businesses, but most of those programs have [...]
Federal Reserve Increases Benchmark Rate 75 Basis Points
Posted: June 15, 2022 | By: LendVer Staff – The central bank announced the increase of its benchmark interest rate by 75 basis points after the meeting of its Federal Open Market Committee (FOMC) today. This marks the most aggressive rate increase since 1994, and follows an increase of 50 basis points in May of this [...]
Stearns Bank Holdingford National Association to be Acquired by Canadian-Based VersaBank to Expand VersaBank’s Banking Services to the United States
ST. CLOUD, MINNESOTA, UNITED STATES, June 14, 2022 /stearnsbank.com/ –Stearns Financial Services Inc. (“SFSI”) today announced it has signed a definitive agreement with VersaHoldings US Corp. to acquire Stearns Bank Holdingford N.A. (“SBH”) and launch VersaBank’s expansion into the United States. Canadian-based VersaBank, a leader in digital banking and cyber security solutions, is acquiring SBH through its [...]