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» FASB Gives Little Slack to Commercial MBS Special Servicers, Says Existing Deals Won’t Be Challenged
FASB Gives Little Slack to Commercial MBS Special Servicers, Says Existing Deals Won’t Be Challenged
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The Financial Accounting Standards Board gave the commercial bond market a bad break this week by clarifying that restrictions imposed by Statement 140 on the activities of "qualifying special purpose entities" applied to special servicers, as well.