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Home » Store » News » FASB Weighs ‘Reminder’ of Alternative Mortgage Accounting Issues – But Is it Wanted by Lenders?

FASB Weighs ‘Reminder’ of Alternative Mortgage Accounting Issues – But Is it Wanted by Lenders?

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The Financial Accounting Standards Board may soon issue new guidance on accounting issues related to alternative mortgages, including option adjustable-rate mortgages and interest-only loans. But while Board members say the proposed guidance was requested by the industry, lenders tell a different story. The issue of new guidance came up at FASB’s meeting last week, when Board staff presented a proposal for an FSP – a formal document stating the staff’s position on an issue…
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