New FASB rules for mortgage servicing rights

Article Abstract:

The new Financial Accounting Standards Board rule number 122 changes the rules for valuing mortgage servicing rights (MSR). It was issued in May 1995 and ended the accounting distinction between origination activities MSRs and open market MSRs. Some mortgage bankers may change their behavior and nonbank mortgage companies may increase their profits and stock prices.

Laws, regulations and rules, Accounting and auditing, Financial Accounting Standards Board

---

Implications of the euro for the mortgage industry in the European Union countries

Article Abstract:

Use of single currency in The European Union (EU) member countries is affecting the operations of the mortgage lending institutions in those countries. The eurocurrency market is expected to have a considerable economic impact on the EU countries' economies. Obstacles in the development of the single European mortgage market are discussed.

Europe, Administration of General Economic Programs, Currency Stabilization Programs, Economic aspects, Economic policy, European Union, Monetary unions, Eurocurrency market, Currency stabilization

---

Reverse mortgages and reverse mortgage-backed securities

Article Abstract:

Reverse mortgages and reverse mortgage-backed securities let elderly homeowners access their home equity to finance personal needs. The process of underwriting reverse mortgages is discussed. Information on varieties of reverse mortgages and main features of reverse mortgage-backed securities is also provided.

United States, Commercial Banks, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Finance, Services, Marketing, Homeowners, Mortgage-backed securities, Mortgage backed securities, Reverse annuity mortgages, Reverse mortgages

Similar abstracts:

• Abstracts: New rules for leases?: a radical change to accounting standards bodes ill for both landlord and tenant. Yield is the yardstick in a bumpy market: in an unstable world, property based on yield provides a safe haven
• Abstracts: Labor considerations in site selection: a case study. Using customers as a sanity check in the site-selection process
• Abstracts: The growth of the biotechnology industry in the New Haven, CT MSA. Current problems with the subprime mortgage market
• Abstracts: Defined contribution pension plans: can the real estate industry tap this growing pool of capital? Conduit programs: fad or future of commercial real estate lending?
• Abstracts: Help wanted: work force with the right stuff. Winds of change blow 'round the world

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.