The combination of COVID-19 and the FASB CECL impementation can have a significant impact on banks' capital. But either with or without CECL, estimates of losses will be increasing as well as distressed loans and borrowers. Loan sales can be an integral tool in a bank or credit union workout strategy. More..
Fintechs are big competition for traditional banks, particularly when it comes to digital payment platforms. According to a recent poll, payments outweigh lending by a ratio of 2:1 as a perceived fintech competitor to banking. More..
The housing market is seeing a significant increase in activity as demand increases, and housing prices rise, pointing to a potentially ideal time for lenders to review their loan portfolios to look for profitable opportunities. More..
The Madden v. Midland Funding ruling that took effect four years ago has been cause for concern for lenders, but the OCC's recent proposal may help banks bypass the ruling, which is good news for all secondary loan markets. More..