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Loan Modification
: Mortgage Lender Implode-o-MeterFASB Considering Changes to Reserve Accounting
By Implode-Explode Heavy Industries
"Accountants at depositories may have to change the way they count loans and securities ? including mortgages ? that might go bad.
The Financial Accounting Standards Board is considering a new method for calculating reserves as part of a sweeping proposal that has gotten more attention for its fair-value mandate. The new method would be the biggest change to reserving practices in more than three decades, experts said."
Full post as published by Mortgage Lender Implode-o-Meter on August 30, 2010 (boomark / email).
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