Gain-on-sale accounting is going to lose its shabby reputation in coming months, as reliable companies use the method accurately, predicts Conseco Inc. chief financial officer Rollin Dick.

"The companies that gave gain-on-sale a bad name are gone," he said, speaking at this week's Bank and Financial Analysts Association conference. "Conseco, Countrywide, and others that use the method will reestablish its credibility," he said.

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