✉news LifeFood first seen 15 h ago, last 45 min ago, peak #9
FASB proposal on mortgage servicing rights draws criticism
Original: Why the FASB proposal on MSRs is a recipe for disaster
The Financial Accounting Standards Board is facing pushback over a proposal affecting the accounting treatment of mortgage servicing rights. A National Mortgage News column argues the plan would be 'a recipe for disaster' for the mortgage industry, suggesting the changes could create serious financial and operational problems for holders of MSRs. Details of the criticism beyond the headline are limited.
Why now: The FASB's proposed accounting change on MSRs is prompting warnings about disruptive consequences for mortgage servicers.
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Evidence
- Why the FASB proposal on MSRs is a recipe for disaster · National Mortgage News
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