Credit unions that incorporate mid-year performance data into their ALM oversight, update modeling assumptions, and ensure active board engagement will be better positioned to maintain effective balance sheet management through the remainder of 2025.
Proposed accounting standard update would eliminate CECL double count
A brief look at 2025 policy reform, structural changes, and strategic refocusing in the SBA
Wilary Winn’s CECL model back-testing shows highly predictive results
2024 was a record-breaking year for announcements of whole-bank acquisitions by credit unions.
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.
A lesser-known driver of the increase in recent MSR values relates to earnings from float income.
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.
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…
FASB continues to work on refining the interaction between CECL and purchase accounting.