The tightening in lending standards experienced over the last year is attributable to factors beyond credit quality of borrowers and lenders’ concentration in credit risk in CRE, namely: (1) lenders’ expectation...more
The Paycheck Protection Program (“PPP”), one of the pillars of the economic stimulus enacted in response to COVID-19, reopened this week after Congress appropriated more than $284 billion to make loans to small- and...more