Sentences with phrase «of loan losses»

Meaning the SBA will cover a portion of any loan losses incurred by the bank — potentially up to 90 percent.

Meaning the SBA will cover a portion of any loan losses incurred by the bank — potentially up to 90 percent.

Earlier this month, CIBC announced it would take a $ 420 - million, non-cash goodwill impairment charge in the quarter related to the Caribbean, and another $ 123 million of after - tax of loan losses.

But with FDIC reports noting that large commercial banks have the lowest level of loan loss reserves in a decade, and showing concerns about deterioration in credit quality and regional risk factors, Superior is a microcosm of a much broader problem.

Not exact matches

The firm's mortgage investment corporation has about 2,400 such loans in its portfolio, with an average size of $ 85,000, and says it maintained a $ 4.3 - million loan loss provision on a $ 214 - million portfolio last year.

By comparison, a stress test on America's largest banks in 2009 found that in a worst - case scenario, losses at the 19 banks would hit 9.1 % of their loan portfolio, although, admittedly, many believe in reality it was far higher.

The firm saw net trading losses of $ 234 million related to funding and liquidity and corporate loan hedging activity.

Banco Espirito Santo's collapse came after it unveiled losses on loans made to an assortment of companies run by its founding family.

The small - business committees still fume about the loss of the LowDoc program, a variation on the 7 (a) that catered to less established borrowers with smaller loans.

The negative consequences of pushing more debt on households is also obvious: more loans become uncollectible and go into default, creating more loan losses for banks.

An outspoken critic of Europe's central banks recently, Falkengren has focused on building capital buffers in case of unexpected losses — and, for retail clients, limiting their exposure to risky loans.

However, the quarter was the first to reflect a new accounting standard that puts a greater emphasis on a banks» expected losses over the life of the loan.

These loans, limited to $ 1.5 million and not available to firms that were insured for their losses, are available to businesses of any size that need to repair or replace facilities to «pre-disaster» condition.

«Increased losses are emanating from weaker collateral pools in the 2013 - 2015 transactions, which have weaker credit quality including lower FICO scores, higher amounts of extended term loans (over 60 months) and higher LTVs [loan to value ratios],» Fitch Ratings analysts wrote Thursday.

The ranking was based on five factors: Tier 1 capital compared with risk - weighted assets; nonperforming assets against total assets; loan - loss reserves to nonperforming assets; deposits to funding; and efficiency, a measure of costs to revenue.

And keep in mind that these potential losses come at a time when banks have put aside loan loss reserves to cover just 1.4 % of their lending portfolio, their lowest in years.

Collectively, those brands were responsible for nearly a quarter of all charge offs among loan - seeking franchises, amounting to $ 121 million in losses for the SBA.

CIBC was also the first of the Canadian banks to report its earnings after the introduction of a new accounting standard known as IFRS 9 that puts more emphasis over expected losses over the life of a loan compared to previous guidelines.

«If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus on the other main components of profitability, such as the quality of loans and therefore on loan - loss provisions,» Draghi added.

This should have been a red flag to Capital One's audit firm at the end of 2006 that the loan loss reserves in the auto portfolio needed to increase.

A 2012 PCAOB inspection report of KPMG deficiencies cited its failures to question management judgment, including failure to test management's assumptions on loan loss reserves.

In this case, the SEC accused Capital One of using loan loss reserve estimates from October 2006 through the third quarter of 2007 to understate the financial firm's auto loan losses.

For most banks, loan impairment charges as a percentage of total loans have been falling, which again means lower loan losses.

They didn't do their due diligence in lending, and the German and French taxpayers are being fleeced by way of Greece to keep them whole, when they should be accepting the losses on loans they never should have made, and moved on.

According to Bloomberg, The four largest banks, which include Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM), Citigroup (NYSE: C), and Wells Fargo (NYSE: WFC), have set aside $ 2.5 billion to address losses from bad energy loans.

During the period of rising prices, defaults and loan losses were very low.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

When there is a loss of job, disability, or other circumstance causing a financial hardship, federal student loan borrowers have the opportunity to request a forbearance or deferment of their payments for a set period.

The more immediate consequence may be the loss of benefits on your loans, like interest rate discounts.

Refinancing one private loan to another private loan is a less drastic decision, since it's more or less a switch from one set of interest rates and conditions to another, with no loss of federal benefits or other factors.

That is exactly what happened, the lenders exhausted the pool of borrowers, the reflexive impact of rising demand pushing prices higher began to wane, and the virtuous cycle turned dramatically (as they always do eventually) into a vicious cycle that triggered the Global Financial Crisis and those same banks that made all the ill - advised loans were crushed by massive losses Then, yet again, what were the «Masses» doing at the peak?

You briefly mentioned loss of benefits when refinancing federal student loans.

Superior's loan portfolio leaned toward lower credit risks, and it maintained a minimal amount of capital to shield it from loan losses.

Lenders charge prepayment penalties to recoup some of this loss interest and dissuade borrowers from prepaying or refinancing a loan.

Investing in higher - yielding, lower - rated, floating - rate loans and debt securities involves greater risk of default, which could result in loss of principal — a risk that may be heightened in a slowing economy.

• 1/2 of self - employment tax (self - employed individuals are required to pay «payroll» taxes that an employer would otherwise take; these extra taxes can be deducted from AGI, but are included in MAGI) • Student loan interest • Tuition and fees deduction • Qualified tuition expenses • Passive income or loss • Rental losses • IRA contributions and taxable Social Security payments • Exclusion for income from U.S. savings bonds • Exclusion for adoption expenses (under 137)

Your MAGI (modified adjusted gross income) is calculated by taking your AGI and adding back certain items — including student loan interest, IRA contributions, passive income or loss, and 1/2 of self - employment tax.

It's very likely that even if you've applied for and received a business loan in the past, you've never heard of the lender's loss payable designation.

«Lower oil prices are slowing growth and curbing income, exposing lenders to losses through commodity - related loans and security holdings» said the Bank of Canada.

Again, we're only chatting about SBA loans here, which require the designation of lender's loss payable.

It should be noted that a big part of the increase in Synovus is due to its shrinking provision for loan losses (what it expects to lose on the loans it makes); however, the bank did see its expenses fall by $ 50 million over the first nine months of the year and, in 2012, it actually realized a benefit of $ 2 million from taxes versus an expense of $ 72 million in 2013.

Andrew Orr, Deloitte financial advisory partner, said the new accounting standard could encourage banks to sell parts of their underperforming loan portfolios because this will result in faster recognition of losses and could reduce high valuations.

Although credit quality outside of CWB's portfolio of oil and gas loans remained stable, higher provisions for credit losses resulted from losses recorded against oil and gas loans.

You now have the flexibility of adjusting your extra payments if you ever have a cash crunch or a job loss, which will not the case with a 15 year loan.

They understand the increase in taxes due to higher tax brackets and the loss of key deductions, such as the student loan interest deduction.»

The group helped business owners plan 18 months in advance of the line's opening, while the city offered loans of up to $ 20,000 to cover construction - related losses.

This does not necessarily mean the position will result in a loss; in the vast majority of cases (90 % +), these loans go on to successfully repay in full.

In a worst - case scenario, if all of the uninsured loans were losses and residential prices fell 30 %, we think nearly half of most banks» tangible equity would be affected.

This does not mean bailouts in the form of loans to insolvent banks whose losses have wiped out their reserves and hence their equity capital investment.

Partly as a result of the lower arrears rate on the Australian non-conforming loans, «buy - and - hold» investors have suffered very few losses on securities backed by the Australian non-conforming loans.