FDIC promises closer scrutiny of banks’ commercial real estate loans – American Banker | Jfk Loans

The Federal Deposit Insurance Corp. plans to take a closer look at banks’ exposure to commercial real estate loans, citing uncertainty about the future of work and trade amid the COVID-19 pandemic. The agency said its examiners will pay particular attention to examining newer loans, as well as loans in subsectors and geographic areas that … Read more

Underwriting method for small commercial lenders: American Banker | Jfk Loans

Following a page from the PPP playbook, a community bank in Florida — BayFirst Financial — has begun offering Small Business Administration loans to early-stage companies based on their gross income. The Paycheck Protection Program moved in a similar direction in March 2021, allowing loan amounts to be calculated based on gross income, not net … Read more