Advanced Mortgage Accounting & Hedging - AHACPA

Andy Schell

Certified Public Accountant Certified Mortgage Banker

Certified in Financial Forensics

AHACPA Lender's Update December 3, 2018

Advanced Mortgage Accounting & Mortgage Finance

Andy Schell, CPA/CFF, CMB

Brief Bio: ? 35 years in Mortgage Finance ? Ph.D Thesis (2020):

Economic Value of Financial Derivatives

? Public Accounting in Texas & Texas CPA ? Built Security Trading & Valuation Models ? Ran Loan Accounting for Bank of America ? Help CFOs Present Variance Analysis ? Manage Accounting System Installations

Managing Partner Mortgage Banking Solutions

"The Profit Doctor" on Lykken on Lending

Margin Compression is Real

Mortgage Companies are facing: Insolvency, Going Concern Risk, and Qualified Opinions

Today, We Explore ... Mortgage Finance

Advanced Mortgage Accounting

Presentation Outline

Advanced Mortgage Accounting & Hedging 1. Hedging Overview & Hedge Position Adjustment 2. Market Value Change & The Perfect Hedge 3. Hedge Accounting & Hedge Journal Entries 4. More About the Derivative Asset 5. Transformational Costs Best Practices 6. AICPA Market Value of Intangible Asset

SUPPLEMENTIAL CONTENT 1. FASB EITF & IRLC Taxability 2. GAAP Revenue Recognition

Purpose of Accounting

Meaningful Financial Statements

Road Map

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