Remove CECL Remove Default Remove Law Firms
article thumbnail

A Wave of Defaults Coming?

Pactola

banks of JPMorgan Chase & Co, Citigroup, and Wells Fargo took huge hits to their second quarter profits to stockpile $28 billion to cover losses as consumers and businesses begin to default on their loans. It is expected a tidal wave of problem deals, defaults, reduced revenues will hit throughout the economy and your portfolio.

Default 40
article thumbnail

Fundamentals of construction lending

Abrigo

One of the best ways for banks to keep track of draw requests is to invest in construction loan management software , which is proven to help mitigate risk associated with inefficient loan monitoring and decrease the probability of default. Manage risk & avoid defaults. keep me informed. Download whitepaper. Mitigating risk.