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Apr 16, 2020

COVID-19 loan modifications: Important accounting and reporting insights

As banks work to determine appropriate and effective loan modification options for borrowers, key questions arise around how to account for and report on these modifications. There is new guidance from Congress in the form of the CARES Act, new guidance from the regulators and new guidance from the FASB and the SEC. Much of the guidance is aimed at making operations simpler.

Apr 8, 2020

COVID-19 loan modifications: Near-term and longer-term considerations

Regulators and Congress have created an environment that strongly encourages working with borrowers affected by the pandemic. Some accounting rules have been loosely interpreted, and some temporarily relaxed, in an attempt to relieve some of the burdens associated with these actions.

Mar 27, 2020

Is it a TDR? How to analyze the coming wave of modifications

Many banks are working on ways to offer relief to borrowers given the sudden changes to the market because of COVID-19.  While modification options offered to borrowers vary among financial institutions and particulars of the loan itself, one of the most common being considered is a short-term suspension of required payments, often for a period of 90 days and often offered to all customers who are mostly current.   

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