Blog Categories

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Banks and Credit Unions have seen a drop in lending and a surge in deposits as economic uncertainty continues amidst the coronavirus pandemic. Adding short-term, higher-quality consumer loans that have some yield to them should be the next step for financial institutions.
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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.
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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.
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Many community banks have issued warnings about possible problem loans, which should prompt banks to get in front of potential problem assets while they still can.
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The result of limiting dividends and buybacks among banks will be to increase bank capital. This, along with the recent swelling of deposits, is putting added pressure on banks to boost earning assets, which can be helped by adding high-quality, short-term consumer assets to the books.
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The Consumer Financial Protection Bureau (CFPB) has been receiving a record number of complaints from consumers regarding banks and lenders, prompting more effort to keep consumers informed about their rights and the programs available to them.
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Commercial loan portfolios are seeing spikes in delinquencies due to financial troubles sparked by the COVID-19 pandemic, leaving bank special servicers and commercial lenders to seek out strategies - such as loan sales - to ease the workload.
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Ginnie Mae is becoming a lender of last resort for mortgage servicers that are having a tough time advancing principal and interest to investors when borrowers are not making payments.
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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.
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