The Emerging Issues Task Force of the Financial Accounting Standards Board Sept. 24 approved a consensus statement that would set conditions for a lender to account for a loan arranged for by a mortgage broker as a loan purchased from the broker. The conditions, however, are not as strict as some that were considered earlier by the EITF.

In many cases. especially for mortgage banking subsidiaries of thrifts, it is more advantageous to account for the loan as purchased rather than originated.

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