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CMB FASB 140/156 Report Set
CMB provides a complete set of reports, including various management
summaries to monitor risk and performance, as well as detailed tranche/cohort
level reports for internal and external auditors. Reports include: (All reports
are in Adobe PDF format; you will need the free Adobe Acrobat Reader to view
these reports. If you don't have a copy, you can download one from here.)
Click Here For A Full Set of CMB Sample Reports
Individual Reports (Right Click to save downloaded files in Windows)
Management Reports
Accounting/Detail/Reconciliation Reports
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Value Report - Detail tranche/cohort level original values, current values
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Accounting Report - Detail tranche/cohort level values, WAC, WASF, Book and Amortization
Full Set of CMB Sample Reports (Includes all of the reports above)
Contact CMB Now: Click on this link.
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