FASB Formally OKs CECL Delay for Some Banks, Credit Unions
The Federal Accounting Standards Board voted on Oct. 16 to delay the new CECL (current expected credit loss) standard for some companies.
A Light in the ‘Black Hole’
There is good news coming from Washington for mortgage lending institutions: the CFPB has finalized an amendment to fix what is commonly called the “black hole” problem with the TILA-RESPA Integrated Disclosures regulation.
No Shortage Of Capital For Deals In 2018
As the year 2017 comes to a close, the industry collectively is looking forward to 2018 and wondering what the future holds. The good news for everybody is that 2018 is going to look a lot like 2017.
Less-Stringent Standards Open Options For Homebuyers
Here’s an important question for anyone hoping to buy a home next year but who isn’t quite confident about qualifying for a mortgage: Is it true that lenders have eased up on certain key requirements, making it simpler for first-time buyers and others who can’t pass all the strict tests to get approved?
Like The Economic Recovery, C&I Lending Has Been Hard To Gauge
Trying to pinpoint the next recession, or how much more the economy can grow, has left many economists and experts baffled, primarily because the recovery since the recession has been filled with many mysteries.
Division Of Banks Issues Letter To Nonprofit Lenders
The Massachusetts Divisions of Banks issued a letter last week clarifying whether or not an employee of a nonprofit entity who originates a mortgage needs to be licensed by the commonwealth.
Lending In The City’s Hottest Markets
It’s fitting to see John Migliozzi featured in Banker & Tradesman: He began his banking career as a real estate appraiser at Boston Five Cents Savings Bank, but he got into the lending side of the business when he saw an ad in the pages of B&T.
Commercial lending & personal relationships (video)
This was to accompany my Top Lenders story that came...
