MIAC Hosts Second CECL Launch Event in Charlotte, NC!

Posted in Current Expected Credit Loss: CECL News & Events, Recent News.

April 28, 2017   /   Press Release Charlotte, NC – On April 25th, Mortgage Industry Advisory Corporation (MIAC), hosted the second in a series of private events to launch its CECL process rollout, in uptown Charlotte, NC at “Fahrenheit.” MIAC was joined by its core constituency of clients and strategic partners. Effectively, the FASB has formalized… Read more »

CECL – Current Expected Credit Loss: A CORE Competency?

Posted in Current Expected Credit Loss: CECL News & Events, Perspectives.

Current Expected Credit Loss (“CECL”, ASC 825-15) is the Financial Accounting Standards Board’s (FASB) new model for calculation of loan loss reserves, which requires consideration of multiple scenarios looking out over the lifetime of the instrument. These standards replace those now in use for preparing Allowance for Loan & Lease Losses, (“ALLL”), purchased credit-deteriorated assets,… Read more »