Pub 1 2020 Issue 5

ARM-Adjustments

Handle Arm Adjustments With Care

Adjustable-rate mortgages (ARMs) have not been much of an issue for many banks and thrifts in recent years since fixed rates have been so low. But they are still an important tool for serving those customers who cannot meet the secondary market qualifications applied to most fixed-rate loans. Also, many institutions have a portfolio of existing ARM loans that they service. One potential complication for some lenders is the impending discontinuance of the LIBOR index, requiring them to find another comparable index for their ARMs.

retirement-plan-rollovers

Retirement Plan Rollovers: What Are My Clients’ Options?

The novel coronavirus pandemic has disrupted many aspects of our lives this year, with unprecedented business downturns or closings. Your clients may have found themselves suddenly unemployed as a result of COVID-19. Some may be fortunate enough to find new employment, while others remain without work. In either situation, these clients will likely have access to retirement plan assets, and they may be contemplating what they should do with them.

short-sharp-spotty-piggy-bank

Short, Sharp, And Spotty: What To Expect From The Coronavirus Recession And How Community Banks Can Help

It’s official — the U.S. economy is in full-swing recession. While formal confirmation by the National Bureau of Economic Research is always appreciated, the signs were pretty obvious: social distancing grinding business activity to a near halt, skyrocketing weekly unemployment claims at both a state and national level, and, of course, market volatility erasing three years’ worth of gains in a matter of weeks.

flourish-people-connecting

Flourish

What a different August this will be than in previous years. Yet, as much as things have changed, I find comfort in the fact that the core of what we do at ICBA and as community bankers is steadfast.