MBA's Accounting & Financial Management Conference 2019

Session Detail

The schedule below is subject to change.

Note: Meeting rooms may change. Please refer to the MBA Events mobile app, available in both the App Store and Google Play, on-site for final locations.

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Wednesday, November 20, 2019

  • CECL (Residential/CREF Joint Session)

    Location: Marina Ballroom D


    Speaker(s)

    Matthew Streadbeck, Assurance Partner & Executive Leader, Ernst & Young LLP

    Joy Palmer, Deputy Chief Accountant, Office of the Comptroller of Currency

    Michael Fratantoni, Ph.D., Chief Economist & Senior Vice President, Research & Industry Technology, Mortgage Bankers Association

    John Toohig, Head of Whole Loan Trading, Raymond James

    Breakout Session,

    Residential Track,

    CREF Track

    The Current Expected Credit Loss (CECL) standard is coming and is changing the ways companies account for mortgage and other assets they hold on their balance sheets.  As more firms move from design to implementation, this session will get into the nuts-and-bolts of making CECL work over the long-term.  Discussion will cover CECL rules & timelines, approaches to modeling, model governance and early lessons from implementation.

    Speaker(s)

    Matthew Streadbeck, Assurance Partner & Executive Leader, Ernst & Young LLP

    Joy Palmer, Deputy Chief Accountant, Office of the Comptroller of Currency

    Michael Fratantoni, Ph.D., Chief Economist & Senior Vice President, Research & Industry Technology, Mortgage Bankers Association

    Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of MISMO and serves on the CSP's Industry Advisory Group and the membership committee of MERS. Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    John Toohig, Head of Whole Loan Trading, Raymond James

    John Toohig is a Managing Director at Raymond James, a Board Member and President of Raymond James Mortgage Company, Inc and Head of the Whole Loan Group. He joined Raymond James (formerly Morgan Keegan) in September of 2006. As manager of the Whole Loan group, his primary responsibilities include day-to-day trading of whole loan packages, portfolio analysis, transaction management and the structuring of whole loan, participation and various structured products. His product focus encompasses both seasoned and new production: residential mortgages (both QM and Non-QM), commercial mortgages, consumer lending, scratch and dent loans, and non-performing assets. Prior to joining the Whole Loan group at Raymond James, he was a part of the firm’s Taxable Banking platform where he was responsible for corporate debt transactions, trust preferred securities, sale leaseback transactions and ABS transactions. Previously, he worked for FTN Financial in their Capital Assets department and primarily focused on automobile securitizations (ABS) for community depositories. Mr. Toohig was also responsible for the analysis and trading of whole loans – namely consumer and residential mortgages. Prior to that, John was in a wealth management role at Wells Fargo. He received his undergraduate degree from the Houghton College and his MBA from the University of Mississippi with a focus in finance and IT. He holds a Series 7, 24 and Series 63 license. His community involvement includes currently serving as Member of the Board of Trustees for St. Agnes Academy / St. Dominic School. He is also a former chairman for both the Lafayette and DeSoto county American Cancer Society Relay for Life events and the former president of the Ole Miss MBA Alumni Board. Mr. Toohig resides in Memphis, TN with his wife Sha, and his two daughters, Helen Grace and Cressey, while he works in Raymond James’ east Memphis branch.

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