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 […]
OVERALL We are currently witnessing a global economic slowdown due to the COVID-19 outbreak and most economists are projecting a pandemic-driven severe recession. In response to the outbreak, the Federal […]
March 9, 2020 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 optional […]
Eric Nokken led a training on Mortgage Pipeline Risk Management and Evaluating & Valuing Mortgage Servicing Rights as part of the FFIEC Capital Markets Specialists Conference on August 1, 2018. The training […]
Initially offered at the 2017 AICPA Conference on Credit Unions, All You Ever Wanted to Know About Mortgage Banking offers an all-inclusive insight into a credit union’s mortgage banking operation. This presentation […]
Interest rates are up, refinances are down, and the CFPB has recently released dizzying amounts of regulation regarding mortgage lending, with more to come. Lenders are asking – should I […]
The accounting and regulatory reporting for mortgage banking activities is relatively complex. For example, locking in a rate with a borrower for a loan to be sold into the secondary […]
Accounting for Mortgage Banking Activities Mortgage Servicing Rights Released January 2012 Mortgage banking involves relatively sophisticated financial activities including the creation of derivatives, hedging, and the intricacies of mortgage servicing. […]
Accounting for Mortgage Banking Activities Interest Rate Lock Commitments, Forward Sales Commitments and Closed Loans Held for Sale Released March 2012 Mortgage banking involves relatively sophisticated financial activities including the […]