Mortgage
Current Expected Credit Losses
Articles by: Richey May, May 31, 2016
May 2016
The FASB finalized guidance related to the impairment of financial instruments. This standard modifies the existing “incurred loss” model for credit losses on financial instruments and creates a more forward-looking model that is likely to result in the need for companies to increase loan loss reserves. The following white paper provides information related to the guidance update and its impact on mortgage banking companies.