Financial Accounting Standard 122 is now a part of generally accepted accounting principles and must be adopted no later than 1996 for companies whose fiscal year ends Dec. 31.

But how does an executive responsible for a mortgage banking business manage the potential pitfalls associated with this new standard?

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.