Uncertainty continues to reign as Trump said on Friday that he did not agree to roll back tariffs on Chinese goods, and his comments unsurprisingly caused a minor dip in the stock market that day. This morning, the president is scheduled to speak about U.S. trade policy, and investors will undoubtedly be hanging on to every word... See More
Five Minute Maturity
Jim Tait, Head/MBS Trading
Macro & Rates Commentary
Doug Ingram, Financial Economist
As we write our 900th BMR, we’ve spanned four presidents and four Fed chairs. We’ve seen 10–year rates drop from 6.50% to under 1.50%. We’ve seen a tech crash, 9/11, a housing bubble, a subprime crisis leading to a near– meltdown of the financial system, and a long but unduly–slow global recovery marked by very–low inflation. U.S. unemployment is the lowest since we landed on the moon (1969) but wage pressures have been tepid. Things considered and explained as transitory were not. An inverted yield curve and QE are ‘different this time’. There’s never been a case ... See More
SBA Jewels and Pools
On October 16, 2019, the Financial Accounting Standards Board (FASB) unanimously approved delaying the implementation of the Current Expected Credit Losses (CECL) accounting standard until 2023 for most financial institutions. Under the revised plan, banks that file with the Securities and Exchange Commission, except those defined as smaller reporting companies, will still need to convert to CECL, beginning Jan. 1, 2020. All other institutions will have until 2023 to convert.
This development reinforces the ABA statement that CECL is “the most sweeping change to bank accounting ever.” In the end, CECL implementation will bring about greater discipline in the management, measurement, and forecasting of credit risk, potentially driving improved profitability in the long run.
Lenders have reached out to a variety of 3rd parties to help with the planning and implementation of the new accounting standard. Banes Capital Group, LLC helps lenders maximize their return by using market prices and models to perform comprehensive balance sheet analysis. Modeling results are available for almost any loan type, including QM and non-QM, 1-4 family residential mortgages, auto loans, SBA and agricultural loans. Using state-of-the-art financial models, lenders can make smarter, faster decisions. Actionable data analytics allow lenders more opportunities to acquire and retain customers, enhance operational efficiency, manage risk, and identify opportunities to enhance financial strength. Banes Capital Group, LLC is committed to helping lenders make the very best choices for their balance sheet.
The experience needed for the road ahead.
Putting loan capital markets experience to work for you.
Curious about where scratch and dent / investor kickout loans have been pricing in the current market? Access our Scratch and Dent Pricing Tool to find out!
BCG Loan Trading
Scratch and Dent / Investor Kickout Pricing Tool
We produce an interactive loan summary for every pool of loans we analyze and offer. We feel our system provides the most comprehensive one page summary available. Check out an example below.
BCG Loan Trading
Interactive Loan Offering Summary
With over 800 active loan clients, the Banes Capital Group Whole Loan Trading Desk is one of the more active in the country, trading a spectrum of loan products from residential scratch and dent (SND) pools, to performing portfolio loans, Commercial Real Estate and non-performing loans (NPL).
With an average of 20+ years of experience on the desk, BCG also assists its valued lenders with full balance sheet consulting, optimization, and ALM simulation, as well as advanced loan analytics and pricing. Our decades of experience in all facets of the capital markets give us the perspective and the relationship channels needed to make balance sheet changes happen smoothly and quietly.
We strive to be a valued resource for our bank and credit union clients who wish to optimize their performance in both government guaranteed and traditional lending, and we've put the systems in place to help make that happen.
About BCG Loan Trading, The Whole Loan Trading Desk for Banes Capital Group
Writing with the benefit of 30+ years of capital markets experience, Doug Ingram explores the factors affecting the current U.S. and global rates markets.
Our breadth of relationships spans financial institutions of all kinds; community and/or regional banks, hedge funds, originators, and broker/dealers. This allows us to offer a wide range of the very best whole loan ideas in the current market. Click above to check out our current offerings.
We as an industry can now model loan portfolios just as we have modeled securities portfolios over the past 20 years ... quickly, easily, and accurately. Click above to request analyses to show exactly how a loan trade would affect your balance sheet, and the expected risk and reward.
"Who is Banes Capital Group? We are a group of experienced capital markets veterans who have come together to run a collection of important niche businesses for the benefit of our new and long time clients. With an average of 25 years experience among key personnel, we know the pitfalls and best practices for capital market operations, and we use this experience to be impactful in the sectors in which we can bring the most value for our clients."
Founder & CEO
Banes Capital Group
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