New MSR Accounting Rule Expected to Boost Earnings, Ease Reporting, Slightly
March 31, 2006
Most mortgage servicers will recognize immediate increases in the value of their mortgage servicing rights – and an easier time doing the accounting for these assets – with the release of Financial Accounting Standard 156. The Financial Accounting Standards Board finalized the new rule on March 17 that allows holders of MSR to use fair value accounting for these assets. …