MGIC Perspectives on CECL - Presented by MGIC with RiskSpan
June 13, 2019
Mortgage insurance is typically purchased to protect mortgage investors from credit risk. Under CECL, the new "Current Expected Credit Loss" accounting standard, mortgage insurance provides a secondary benefit: a lower allowance for credit losses.
This webinar will:
Quantify the impact of MI on CECL under a range of macroeconomic scenarios
Introduce a way of measuring MI "value" in a CECL context, namely, a premium-to-allowance reduction ratio
Under a mainstream set of macroeconomic assumptions, analyze various coverage levels to search for best value
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