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“RODRIGUEZ VALLADARES: The banks came in better capitalized, more liquid, less leveraged, and that helped them withstand the severity of the unexpected nature of COVID. Had banks been significantly undercapitalized and illiquid the way that they were at the beginning of 2007 and into 2007 and COVID had struck then, you know, banks would have been wiped out.”

Mayra Rodríguez Valladares, managing principal of MRV Associates, praised Omarova for the “depth of understanding and expertise” she would bring to the job, particularly in emerging technology and international finance. International experience may be especially helpful now, as regulators increasingly scrutinize U.S. banks’ exposure to developments overseas. Just this year, regulators have faced questions on the blow-up of Archegos Capital Management and more recent concerns on the Chinese real estate giant Evergrande Group. “Those are very unique skills that she brings to the table,” Rodríguez Valladares said.

Interest rates aren’t the only factor you should weigh when you’re considering a mortgage offer. “It is understandably tempting to go with the lender with the lowest mortgage rate, but borrowers should ask questions about all elements of the contract,” says Mayra Rodriguez Valladares, managing principal at financial consulting firm MRV Associates in New York City. “They should look carefully to understand what is the structure of the loan.”

Signature and other lenders may not be able to remain patient with struggling borrowers for much longer, however. In June, President Joe Biden extended the federal moratorium on mortgage foreclosures until only July 31. “It is hard to see how he can extend it further, given recent employment numbers,” said Mayra Rodriguez Valladares, managing principal at MRV Associates, a financial consulting firm. “Removal of the moratorium could really have an increase in delinquencies that would hit banks.” https://www.crainsnewyork.com/commercial-real-estate/major-real-estate-lender-reports-steep-drop-loan-deferrals-city-economy here.

Rodriguez Valladares “You have the physical risks of climate change, meaning more frequent and very damaging fires, more frequent and excessive, frankly, hurricanes, flooding, and so that physical damage to property, most unfortunately to people, then of course, translates into higher probabilities of default to a bank or other kinds of financial institutions, because those individuals or companies suffering that physical damage may be late or not pay at all.” here

According to Mayra Rodriguez Valladares, managing principal at consulting firm MRV Associates, bad credit could definitely mean losing out on a job — especially in today’s financial landscape. “Employers absolutely can use that as a reason not to hire people,” Valladares said. “Particularly in an economic environment like we are in now, employers have a lot of power and can be very picky about whom they want to hire. Supply outstrips demand for many job positions right now.” Keep in mind: prospective employers can only access your credit report if you give them explicit consent. But denying that consent to check credit? It could be just as bad. In this case, Valladares said, employers may “wonder if you’re hiding something.” here.