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MBA submits comment letter to FASB.

Publication: Mortgage Banking
Publication Date: 01-SEP-03
Format: Online - approximately 496 words
Delivery: Immediate Online Access
Full Article Title: MBA submits comment letter to FASB.(Commercial)

Article Excerpt
THE MORTGAGE BANKERS ASSOCIATION (MBA) filed a comment letter on July 31, 2003, on the Financial Accounting Standard Board's (FASB's) Proposed Statement of Financial Accounting Standards, Qualifying Special Purpose Entities [QSPEs] and Isolation of Transferred Assets, an amendment of FASB Statement No. 140 (the proposed statement).

The comment letter states: "MBA has studied the guidance in the proposed statement and believes it could have unintended, adverse consequences for the accounting treatment by mortgage...

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