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Homebuilder Confidence Held in September

The National Association of Home Builders/Wells Fargo Housing Market Index stood at 67 in September, unchanged from August’s reading. “Despite rising affordability concerns, builders continue to report firm demand for housing, especially as millennials and other newcomers enter the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “The recent decline in lumber prices from record-high ...

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ABA Endorses Two CECL Software Solutions

The American Bankers Association today announced its endorsement of two software solutions to help banks meet the upcoming deadline for Current Expected Credit Loss implementation. Sageworks ALLL and MST Loan Loss Analyzer are software solutions that provide modeling and data management for CECL accounting. CECL represents the biggest accounting change in banking history. The new standard requires banks to record ...

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