If the Financial Accounting Standards Board agrees to a proposal by the Mortgage Bankers Association to permit recognition of retained mortgage servicing rights, it would remove the primary motivation for selling such assets.

That would be good news to the MBA. which argued in a letter to FASB that such "accounting-motivated sales and purchases cause lenders to incur unnecessary transactional costs and upset consumers due to changes of loan servicers."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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