Browse articles from all of our Newsletters related to MBS Accounting.
February 6, 2015 - Inside FHA Lending
The Mortgage Bankers Association notched a win for small, independent issuers after the Financial Accounting Standards Board agreed with the groups position on the accounting of seriously delinquent loans in Ginnie Mae pools. At issue is whether companies that service pools with loans that are 90 days or more delinquent should put those loans on their balance sheet even if they have no intention of buying the loans out of the pool. According to the MBA, a Big Four accounting firm issued controversial guidance which would have been burdensome for small mortgage-backed securities issuers that have limited funding and no incentive or history of buying defective loans out of pools. After months of exchanges, FASB staff finally agreed with the MBAs view that the decision process involves two steps. First, a loan must be 90 days or more delinquent and trigger ...
- GSE Seller Profile: 4Q14
- GSE Private Mortgage Insurance Profile 4Q14
- Mortgage Profitabiilty 3Q14
- Top Players 3Q14
Most Popular Stories
- Ocwen Tallies Up the Financial Damage on Servicing Terminations: $800,000; Speculation over 4Q Results Mounts
- What Were Hearing: The Return of the Megabanks (in Mortgages)? / Nationstar Smelling Like a Rose (In Comparison)? / Why Quicken and Freedom May Never Go Public / CMG Mortgage Expects Strong Production Growth
- Ocwen Agrees to Sell $9.8 Billion of MSRs to Nationstar; New Rez Will Buy HLSS
- Commercial Banks, Thrifts Add to MBS Portfolios in Late 2014
- Yes, Wells Fargo Has Lost Market Share, but Its Still the Big Kahuna of Mortgages