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CMB Publications/White Papers

Note: Many of these publications are in Adobe PDF format which requires the free Adobe Acrobat reader. If you do not have a copy, you can download a copy here.getacrobat


CMB Analysis of FHLB MPF Program (html)

CMB Initial Report on FASB 156, an amendment to FASB 140 (PDF)

Starting CMB OMS WebVal™ Service

Why Community Institutions Don't Implement FASB 140 (html)

Should Community Institutions Hedge OMS?(html)

CMB Analysis of Interagency Advisory (Feb. 2003) on Mortgage Banking

Asset / Liability Management - 7 Deadly Sins (PDF)

Asset / Liability Management - 7 Deadly Sins - The Cure (PDF)

CMB Comments on FASB 133 for Community Financial Institutions


News Articles about CMB (PDF)


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WHY Choose CMB?

CMB has been providing timely, accurate and useful mortgage servicing valuations since 1995. These have been accepted by all the major accounting firms.


Mortgage servicing valuation is our primary business.


CMB Clients

CMB clients include both public and mutual thrifts, credit unions and commercial banking firms.

We currently provide valuations to almost 50 institutions with over $10 billion in mortgage servicing.


About FASB and mortgage servicing valuation

FASB has issued numerous changes to the accounting for mortgage servicing.


Starting with FASB 140, FASB 156, and FASB 166. And now as part of the Accounting Standards Codification Process, these have been combined and classified as Topic 860 and Presentation section 865000 in the project.


There are various, complex rules for accounting for OMS/MSA's (loans sold with servicing rights retained).


There are also different methods of accounting for the income generated from mortgage servicing, some of which are clearly more advantageous to servicers.


These accounting treatments are mandatory, not optional.


FAQ - Valuing Mortgage Servicing