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 […]
April 6, 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 […]
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 […]
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 […]
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 Andrew Van Dellen, Financial Analyst This white paper is part of a continuing series highlighting credit trends in […]
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 […]
Released October 2018 The timeframe is fast approaching for the implementation of the new Current Expected Credit Loss (CECL) standard, beginning with the early adoption period in the start of […]