The OCC yesterday released an updated version of its Bank Accounting Advisory Series that provides accounting guidance for accountants at financial institutions. The update, among other things, includes recent answers to frequently asked questions from banks and examiners about troubled debt restructurings, other real estate owned and pushdown accounting.
ABA DataBank: Home purchase cancellations near record highs
Home purchase cancellations rose to 14.5% of pending sales in September, the highest rate on record outside the early months of the pandemic.








