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Home » Store » Taxable » FASB Rewrite of MSR Rules Nearly Finished, But Devil is in the Details

FASB Rewrite of MSR Rules Nearly Finished, But Devil is in the Details

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Most lenders involved with the Financial Accounting Standards Board’s effort to amend its rules for mortgage servicing rights haven’t been expecting any big surprises in the draft proposal released late last week – but they sure are anxious to see the details. The Mortgage Bankers Association is “very pleased” that the board has finally published its draft rules. “We’ve been waiting on it,” said Alison Utermohlen, an MBA senior director for regulatory affairs. She’s only…
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