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Home » Store » Taxable » Accounting Firm Provides Background Briefing On Fair Value Accounting for Mortgage Servicing

Accounting Firm Provides Background Briefing On Fair Value Accounting for Mortgage Servicing

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The Financial Accounting Standards Board last week took a crash course on the mortgage servicing business as a warm-up for a possible rule change that would allow mortgage bankers to book servicing rights at fair value. The mortgage industry already uses fair value estimates for servicing rights for various purposes, said PricewaterhouseCoopers experts, who provided the briefing. The accounting firm said many of the operational and systems risks that made fair value estimates difficult
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