# ASC 310-948-25: Receivables — Financial Services—Mortgage Banking — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/948/#25-recognition)

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## ASC 310-948-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/310/948/#25-recognition)

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#### Loans Held as Long-Term Investments

##### [310-948-25-1](https://asc.understandingaccounting.org/asc/310/948/#310-948-25-1)

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A mortgage loan transferred to a long-term-investment classification shall be transferred on the transfer date. A mortgage loan shall not be classified as a long-term investment unless the [mortgage banking entity](https://asc.understandingaccounting.org/glossary/m/#mortgage-banking-entity "An entity that is engaged primarily in originating, marketing, and servicing real estate mortgage loans for other than its own account. Mortgage banking entities, as local representatives of institutional lenders, act as correspondents between lenders and borrowers.") has both the ability and the intent to hold the loan for the foreseeable future or until maturity.

##### [310-948-25-2](https://asc.understandingaccounting.org/asc/310/948/#310-948-25-2)

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[Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).

#### Fees and Costs

##### [310-948-25-3](https://asc.understandingaccounting.org/asc/310/948/#310-948-25-3)

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If a loan is held for resale, loan origination fees and the direct loan origination costs as specified in Topic 310 shall be deferred until the related loan is sold. If a loan is held for investment, such fees and costs shall be deferred and recognized as an adjustment of yield as specified in paragraphs [310-20-35-18](https://asc.understandingaccounting.org/asc/310/20/#310-20-35-18),

[310-20-35-21 through 35-26](https://asc.understandingaccounting.org/asc/310/20/#310-20-35-21)

, and [310-20-50-2](https://asc.understandingaccounting.org/asc/310/20/#310-20-50-2).

##### [310-948-25-4](https://asc.understandingaccounting.org/asc/310/948/#310-948-25-4)

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Fees and costs associated with originating or acquiring or committing to originate or acquire loans for investment shall be accounted for as prescribed in Topic 310.

##### [310-948-25-5](https://asc.understandingaccounting.org/asc/310/948/#310-948-25-5)

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Fees received for guaranteeing the funding of mortgage loans to borrowers, builders, or developers shall be accounted for as prescribed in paragraph [310-20-35-3](https://asc.understandingaccounting.org/asc/310/20/#310-20-35-3).