Volume 13 - Number 13
June 26, 2009
Accounting Changes May Curtail Mortgage Lending
Recently issued accounting guidance may put a severe crimp in mortgage lending activity, according to a newly formed industry coalition set up to lobby domestic and international accounting policymakers. On June 12, the Financial Accounting Standards Board published Financial Accounting Statements No. 166, Accounting for Transfers of Financial Assets, and No. 167, Amendments to FASB...
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