Introduction The four largest bank holding companies in the United States: JP Morgan Chase & Co., Bank of America Corporation, Citigroup Inc. and Wells Fargo & Company held approximately $10 […]
Frank Wilary, Principal Introduction We are at the beginning stages of the reopening process. As of mid-May 2020, 42 states have partially opened their economies. The level of permitted increased […]
INTRODUCTION As of mid-April 2020, 46 states and Washington D.C. have enacted polices to close nonessential businesses in response to the COVID-19 pandemic. While specific guidance and levels of COVID-19 […]
Released April 2020 introduction The Community Bank Leverage Ratio (“CBLR”) final rule was recently adopted by the federal banking agencies and became effective on January 1, 2020. The rule is […]
ACCOUNTING FOR THE MPF CREDIT ENHANCEMENT To account for the MPF® program credit enhancement a PFI must differentiate the accounting for the CE Recourse Obligation amount – the maximum loss […]
Released March 2020 introduction The Community Bank Leverage Ratio (“CBLR”) final rule was recently adopted by the federal banking agencies and became effective on January 1, 2020. The rule is […]
On November 19, 2019, the SEC issued Staff Accounting Bulletin No. 119. In the words of the SEC, “the staff accounting bulletin updates portions of the interpretive guidance included in […]
auto loan delinquency trends: Steady Overall, Rising for Millennials Released June 2019 introduction This white paper is part of a continuing series highlighting credit trends in the consumer lending marketplace. […]
MGIC and Wilary Winn co-presented a webinar on CECL and Capital at Risk on May 8, 2019. The presentation focuses on ways to preserve capital in an economic downturn through […]
This October 2018 white paper addresses key questions in estimating losses on TDRs under CECL, along with highlighting the effect CECL will have on TDRs. Please note that in March 2022, FASB eliminated the TDR accounting for financial institutions that have adopted CECL. Please see our April 2022 blog post.