What is the Mortgage Stress Test and Why Does it Matter?
The 2008 Global Financial Crisis (GFC) was a watershed moment for the global banking system, exposing critical vulnerabilities in lending practices, risk management, and financial regulation. One of the key lessons learned from the crisis was the necessity for robust,
Key Considerations When Selecting a Contractor for a Bank-Financed Construction Loan
When taking out a construction mortgage loan from a bank in Kenya, selecting the right contractor is crucial for ensuring the project progresses smoothly and remains within budget. Some banks provide a panel of approved contractors, while others allow borrowers