[Webinar]: Mortgage Insurance and CECL - Presented by MGIC with RiskSpan
Mortgage insurance is typically purchased to protect mortgage investors from credit risk. Under the new "Current Expected Credit Loss" (CECL) 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