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» FASB Mulls Elimination of QSPE Concept, Industry Warns of Accounting Nightmare
FASB Mulls Elimination of QSPE Concept, Industry Warns of Accounting Nightmare
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The mortgage banking industry is concerned about proposals that would eliminate “qualified special purpose entities,” or QSPE – a move that could force banks to place up to $5 trillion of off-balance sheet securitized assets back on their books...