Four major banking associations all urged the Financial Accounting Standards Board to abandon a requirement that would measure impairments of mortgage servicing portfolios on a stratum-by-stratum basis.

It was just about the only issue that the groups agreed on. Among the other points made, the Mortgage Bankers Association wanted to narrow the scope of FASBs project, the Savings & Community Bankers of America questioned aspects involving securitization, the American Bankers Association wanted a longer time frame for the sales period involved and the Independent Bankers Association of America wanted to exempt most of its members from the proposals effects.

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