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来源：百度知道 编辑：UC知道 时间：2024/05/21 16:21:34
Under FAS-140, what flexibility do servicers have to address delinquencies and defer foreclosures?
Accounting for securitization transactions can be complicated and perplexing even at the best of times. And now is anything but the best of times. Rising interest rates, declining real estate values and a softening economy deepen worries about borrowers’ ability to repay or refinance their mortgages. Relaxed credit underwriting standards and new lending products introduced in recent years to extend qualification to customers that would be otherwise unable to borrow or buy a home, in retrospect, substantially increased the number of loans at risk of default and foreclosure.
Statement of Financial Accounting Standards (SFAS) No. 140 (FAS-140)1 is a mix of absolute rules and general principles that did not contemplate many new developments in the ever-changing landscape of structured transactions. It certainly does not provide direct guidance for lenders and mortgage loan servicers
Accounting for securitization transactions can be complicated and perplexing even at the best of times. And now is anything but the best of times. Rising interest rates, declining real estate values and a softening economy deepen worries about borrowers’ ability to repay or refinance their mortgages. Relaxed credit underwriting standards and new lending products introduced in recent years to extend qualification to customers that would be otherwise unable to borrow or buy a home, in retrospect, substantially increased the number of loans at risk of default and foreclosure.
Statement of Financial Accounting Standards (SFAS) No. 140 (FAS-140)1 is a mix of absolute rules and general principles that did not contemplate many new developments in the ever-changing landscape of structured transactions. It certainly does not provide direct guidance for lenders and mortgage loan servicers
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信贷紧缩
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