Industry Still Divided on MSR Accounting Despite FASB’s Search for Potential Relief for Servicers
April 23, 2004
The mortgage banking industry continues to be divided on whether mortgage servicing rights should be reported at their current fair value, even as the Financial Accounting Standards Board begins to look at an industry proposal for an elective, rather than a mandatory, fair value approach.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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