CREF TRACK: CREF CECL & Loan Loss Modeling and Provisions
CECL is still relatively new and is getting a real-world work-out. This session highlights how today’s challenging CRE market environment is working through CECL and other loan loss modeling and provisioning.
Speakers
Speakers
Kevin Fagan is a senior director and Head of CRE Economic Analysis at Moody’s Analytics, responsible for research, thought leadership and strategic initiatives for the MA CRE group, with a focus on climate risk and ESG. He was formerly director of research in the Moody’s Investors Service CMBS team for ten years. Prior to joining Moody’s Analytics, Fagan held CRE research roles at ING Clarion and Jones Lang LaSalle. He also practiced as a structural engineer, designing large scale commercial buildings in California. He holds an M.S. in commercial real estate development and finance from the Massachusetts Institute of Technology and a B.S. in architectural engineering from the University of Texas at Austin.
Chris Hughes has practiced public accounting since 2009. He specializes on clients in the financial services industry, primarily mortgage companies, public and privately held community banks, credit unions, and other specialty lenders. Hughes assists clients with technical accounting issues and implementing accounting policies and procedures. He has extensive SEC reporting experience in addition to experience conducting audits of internal control over financial reporting and audits in accordance with Government Auditing Standards. He also has a deep level of experience with lending compliance engagements, including HUD/GNMA, USAP, and Regulation AB. Hughes is a leader in the firm’s Financial Services Group. He plays an integral role in training and developing staff personnel. He is also a frequent speaker at industry events.
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