Read this article: Small Business Administration (SBA) in Transition
A brief look at 2025 policy reform, structural changes, and strategic refocusing in the SBA
Read this article: CECL Back-testing Results
Wilary Winn’s CECL model back-testing shows highly predictive results
Read this article: Record Year for Credit Union-Bank Deals in 2024
2024 was a record-breaking year for announcements of whole-bank acquisitions by credit unions.
Read this article: FHFA’s Guidelines for Enterprises: Risk Management and Valuation of Mortgage Servicing Rights (MSRs)
In January 2023, the FHFA directed Fannie Mae and Freddie Mac to establish and implement risk management policies and procedures for monitoring and valuing MSRs held by their seller/servicers.
Read this article: Mortgage Servicing Right (MSR) Value: The Impact of Float Income
A lesser-known driver of the increase in recent MSR values relates to earnings from float income.
Read this article: Mortgage Rates Fuel Rise in Mortgage Servicing Right (MSR) Values
The rise in mortgage rates that occurred in 2022 has led to a significant increase in the value of mortgage servicing rights (“MSRs”). However, the increases are not spread evenly across all vintages.
Read this article: Wilary Winn in the Wall Street Journal
Frank Wilary, Principal at Wilary Winn, recently spoke to the Wall Street Journal for their July 6, 2023, article discussing the impacts of rising interest rates on U.S. banks. Download…
Read this article: Recent Developments Related to the Accounting for Acquired Assets
FASB continues to work on refining the interaction between CECL and purchase accounting.
Read this article: States Push Back on Credit Unions Acquiring Banks
A growing number of states are blocking the ability of credit unions to buy banks amidst competitive concerns.
Read this article: TDR Accounting Not Required for CECL
In March 2022, FASB eliminated TDR accounting for financial institutions that have adopted CECL.