FirstPlus Financial Group Inc. is once again rejiggering its accounting, saying it went too far in adopting more conservative practices last year. The company said it would assume a prepayment rate of 21% on the loans it securitizes. That's more conservative than the 12% it used before last fall, but more lenient than the 33% it adopted then.

When consumers prepay their loans, profits that lenders had assumed they would earn from selling the loans are wiped out.

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