{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/948/#35-subsequent-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"310","topic_title":"Receivables","subtopic":"310-948","subtopic_title":"Financial Services—Mortgage Banking","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Loans Held for Sale","paragraphs":[{"citation":"310-948-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-5AE6D364-A024-4FCB-A4DA-4FBF9C07A09D\"><span class=\"sfragment-source\">Mortgage loans held for sale shall be reported at the lower of amortized cost basis or fair value, determined as of the balance sheet date. If a mortgage loan has been the hedged item in a fair value hedge </span></span><span class=\"sfragment\" id=\"GUID-35F637C2-0725-496E-ADC5-11F4177302B4\"><span class=\"sfragment-source\">that is not a portfolio layer method hedge</span></span><span class=\"sfragment\" id=\"GUID-C4CAA83A-9E2E-40B1-9C64-4AD3508364B7\"><span class=\"sfragment-source\"> (as addressed in Topic <a altsource=\"GUID-128369CC-8E3A-4A7E-8F25-33E42B0761E4.ditamap\" class=\"ditamap\">815</a>), the loan's amortized cost basis used in </span></span><span class=\"sfragment\" id=\"GUID-8F13654B-F5CC-48F3-84F2-4DAFB5A3C996\"><span class=\"sfragment-source\">lower-of-amortized-cost-basis-or-fair-value </span></span><span class=\"sfragment\" id=\"GUID-052FED85-78E2-44CD-A731-095089B37561\"><span class=\"sfragment-source\">accounting shall reflect the effect of the adjustments of its carrying amount made pursuant to paragraph <a href=\"/asc/815/25/#815-25-35-1\" class=\"xref\">815-25-35-1(b)</a>. </span></span></div></div>","snippet":"Mortgage loans held for sale shall be reported at the lower of amortized cost basis or fair value, determined as of the balance sheet date. If a mortgage loan has been the hedged item in a fair value hedge that is not a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ba54515b2e869c23fed2a61b177fcebf7764c52e53b264b0939dbac1766bf33","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-1A","para":"35-1A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-C3EB708D-99B3-48DE-ADC3-76FFC3B7B819\"><span class=\"sfragment-source\">If a mortgage loan that is held for sale is included in a closed portfolio hedged in an existing portfolio layer method hedge, the loan’s amortized cost basis used in lower-of-amortized-cost-basis-or-fair-value accounting shall not reflect the effect of the adjustments made pursuant to paragraph <a href=\"/asc/815/25/#815-25-35-1\" class=\"xref\">815-25-35-1(c)</a>. If that portfolio layer method hedge is discontinued pursuant to paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/815/25/#815-25-40-7A\" class=\"xref\">815-25-40-7A through 40-8</a></div>, the loan’s amortized cost basis used in lower-of-amortized-cost-basis-or-fair-value accounting shall reflect the effect of the adjustments of its carrying amount made pursuant to paragraphs <a href=\"/asc/815/25/#815-25-35-1\" class=\"xref\">815-25-35-1(b)</a> and <a href=\"/asc/815/25/#815-25-40-9\" class=\"xref\">815-25-40-9 through 40-9A</a>.</span></span></div></div>","snippet":"If a mortgage loan that is held for sale is included in a closed portfolio hedged in an existing portfolio layer method hedge, the loan’s amortized cost basis used in lower-of-amortized-cost-basis-or-fair-value accountin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c451137ba99c8b5f317de7c57d0815940a0e3e5b3eb4820a479a878bed57948","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17360537-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount by which amortized cost basis exceeds fair value shall be accounted for as a valuation allowance. Changes in the valuation allowances shall be included in the determination of net income of the period in which the change occurs. </span></span><span class=\"sfragment\" id=\"sfr_17360678-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Purchase discounts on mortgage loans shall not be amortized as interest revenue during the period the loans or securities are held for sale. </span></span></div></div>","snippet":"The amount by which amortized cost basis exceeds fair value shall be accounted for as a valuation allowance. Changes in the valuation allowances shall be included in the determination of net income of the period in which…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8a708c9748b2be3baa943792f83f90c1fc83cee8c8b394212ca417f462e7a08","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-2A","para":"35-2A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_173607CA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a mortgage loan that is transferred into the held-for-sale classification from the held-for-long-term-investment classification, an entity shall reverse in earnings any allowance for credit losses previously recorded on the mortgage loan held-for-long-term-investment at the transfer date. An entity shall then reclassify and transfer the mortgage loan into the held-for-sale classification at its amortized cost basis (which is reduced by any previous writeoffs but excludes any allowance for credit losses). An entity shall then determine if a valuation allowance is necessary by following the applicable guidance in this Subtopic. </span></span></div></div>","snippet":"For a mortgage loan that is transferred into the held-for-sale classification from the held-for-long-term-investment classification, an entity shall reverse in earnings any allowance for credit losses previously recorded…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e42c8e5bcc004ad713a90689ab667e067cffaec5f2233ad28718bd1781ed7204","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1736101D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> of mortgage loans and <a href=\"/glossary/m/#mortgage-backed-securities\" class=\"term\" title=\"Securities issued by a governmental agency or corporation (for example, Government National Mortgage Association [GNMA] or Federal Home Loan Mortgage Corporation [FHLMC]) or by private issuers (for example, Federal National Mortgage Association [FNMA], banks, and mortgage banking entities). Mortgage-backed securities generally are referred to as mortgage participation certificates or pass-through certificates. A participation certificate represents an undivided interest in a pool of specific mortgage loans. Periodic payments on GNMA participation certificates are backed by the U.S. government. Periodic payments on FHLMC and FNMA certificates are guaranteed by those corporations, but are not backed by the U.S. government.\"><span>mortgage-backed securities</span></a> held for sale shall be measured by type of loan. At a minimum, the fair value of residential (one- to four-family dwellings) and commercial mortgage loans shall be measured separately. Either the aggregate or individual loan basis may be used in determining the lower of amortized cost basis or fair value for each type of loan. Fair value for loans subject to investor purchase commitments (committed loans) and loans held on a speculative basis (uncommitted loans) shall be measured separately as follows: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_17361111-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Committed loans. Mortgage loans covered by investor commitments shall be based on the fair values of the loans. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_17361208-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/u/#uncommitted-loans\" class=\"term\" title=\"A mortgage loan that does not meet the specific terms of a commitment or for which a reasonable doubt exists about the acceptance of the loan under a commitment.\"><span>Uncommitted loans</span></a>. Fair value for uncommitted loans shall be based on <a href=\"/glossary/p/#principal-market\" class=\"term\" title=\"The market with the greatest volume and level of activity for the asset or liability.\"><span>principal market</span></a> or, in the absence of a principal market, in the <a href=\"/glossary/m/#most-advantageous-market\" class=\"term\" title=\"The market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transportation costs.\"><span>most advantageous market</span></a> (see paragraphs <a href=\"/asc/820/10/#820-10-35-5\" class=\"xref\">820-10-35-5 through 35-6C</a>). That determination relies on the principles in Topic <a altsource=\"GUID-0C8D9651-1182-4A36-827F-0C71E4C9D9F4.ditamap\" class=\"ditamap\">820</a> and would include consideration of the following: </span></span></div><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">1</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_17361342-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Market prices and yields sought by market participants in the principal or most advantageous market </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">2</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_173614AB-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Quoted <a href=\"/glossary/g/#government-national-mortgage-association\" class=\"term\" title=\"Often referred to as Ginnie Mae, GNMA is a U.S. governmental agency that guarantees certain types of mortgage-backed securities and provides funds for and administers certain types of low-income housing assistance programs.\"><span>Government National Mortgage Association</span></a> (GNMA) security prices or other public market quotations for long-term mortgage loan rates </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">3</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_173615ED-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/f/#federal-home-loan-mortgage-corporation\" class=\"term\" title=\"Often referred to as Freddie Mac, FHLMC is a private corporation authorized by Congress to assist in the development and maintenance of a secondary market in conventional residential mortgages. FHLMC purchases mortgage loans and sells mortgages principally through mortgage participation certificates representing an undivided interest in a group of conventional mortgages. FHLMC guarantees the timely payment of interest and the collection of principal on the participation certificates.\"><span>Federal Home Loan Mortgage Corporation</span></a> (FHLMC) and <a href=\"/glossary/f/#federal-national-mortgage-association\" class=\"term\" title=\"Often referred to as Fannie Mae, FNMA is an investor-owned corporation established by Congress to support the secondary mortgage loan market by purchasing mortgage loans when other investor funds are limited and selling mortgage loans when other investor funds are available.\"><span>Federal National Mortgage Association</span></a> (FNMA) current delivery prices. </span></span></div></li></ol></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><a href=\"/updates/asu-2012-04/\" class=\"xref\">Subparagraph superseded by Accounting Standards Update No. 2012-04</a>.</div></li></ol></div></div>","snippet":"The fair value of mortgage loans and mortgage-backed securities held for sale shall be measured by type of loan. At a minimum, the fair value of residential (one- to four-family dwellings) and commercial mortgage loans s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9eccb10ae8d750affb4f43b6b00f58c9970694711232932a3f027a486b98e397","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-3A","para":"35-3A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17361760-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/310/948/#310-948-40-1\" class=\"xref\">948-310-40-1</a> states that, after the securitization of a mortgage loan held for sale that meets paragraph <a href=\"/asc/860/10/#860-10-40-5\" class=\"xref\">860-10-40-5</a>'s conditions for a sale, any mortgage-backed securities received by the transferor as proceeds shall be classified in accordance with the provisions of Topic <a altsource=\"GUID-A9CFFB3B-63C1-4D60-AEE3-DA1A278C07C2.ditamap\" class=\"ditamap\">320</a>. </span></span><span class=\"sfragment\" id=\"sfr_17361887-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">However, a <a href=\"/glossary/m/#mortgage-banking-entity\" class=\"term\" title=\"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.\"><span>mortgage banking entity</span></a> shall classify as trading any retained mortgage-backed securities that it commits to sell before or during the securitization process. </span></span><span class=\"sfragment\" id=\"sfr_17361975-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/310/948/#310-948-40-1\" class=\"xref\">948-310-40-1</a> states that an entity is prohibited from reclassifying loans as investment securities unless the transfer of those loans meets paragraph <a href=\"/asc/860/10/#860-10-40-5\" class=\"xref\">860-10-40-5</a>'s conditions for sale accounting.</span></span></div></div>","snippet":"Paragraph 948-310-40-1 states that, after the securitization of a mortgage loan held for sale that meets paragraph 860-10-40-5's conditions for a sale, any mortgage-backed securities received by the transferor as proceed…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d90928d144cdb0d4b753cad56b9589185197434efb18628b113bccaa014d24e","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4bd162fae558c64c57454f595d83e12935c0b958a9182fac4a1932b958aa5664","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"block":null,"heading":"Loans Held as Long-Term Investments","paragraphs":[{"citation":"310-948-35-4","para":"35-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17361A59-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Any difference between the carrying amount of the loan and its outstanding principal balance shall be recognized as an adjustment to yield by the interest method. </span></span><span class=\"sfragment\" id=\"sfr_17361B7D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The interest method shall be applied as set forth in paragraphs <a href=\"/asc/310/20/#310-20-35-18\" class=\"xref\">310-20-35-18</a>, <a href=\"/asc/310/20/#310-20-35-26\" class=\"xref\">310-20-35-26</a>, and <a href=\"/asc/310/20/#310-20-50-2\" class=\"xref\">310-20-50-2</a>. </span></span></div></div>","snippet":"Any difference between the carrying amount of the loan and its outstanding principal balance shall be recognized as an adjustment to yield by the interest method. The interest method shall be applied as set forth in para…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e93412c5dd486b37099b47c7462d0db7685eba75de82ec415234f47a219d2960","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-5","para":"35-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2016-13/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2016-13</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-13.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:757975608616548697d4608f1d8e7e315f2a12a740f8b5e57f20d0f461620741","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-5A","para":"35-5A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17362005-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a mortgage loan that is transferred into the held-for-long-term-investment classification from the mortgage loans held-for-sale classification, an entity shall reverse in earnings any valuation allowance previously recorded on the mortgage loan held for sale at the transfer date. An entity shall then reclassify and transfer the mortgage loan into the held-for-long-term-investment classification at its amortized cost basis (which is reduced by any previous writeoffs but excludes any valuation allowance). An entity shall then determine if an allowance for credit losses is necessary by following the guidance in Subtopic <a altsource=\"GUID-B92DF57A-D31A-4A52-999E-127107B41EED.ditamap\" class=\"ditamap\">326-20</a>. </span></span></div></div>","snippet":"For a mortgage loan that is transferred into the held-for-long-term-investment classification from the mortgage loans held-for-sale classification, an entity shall reverse in earnings any valuation allowance previously r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4d84d1e7f1dbbe4b2927811cb5d50c6fa68b32039d24bb605b4db6d297cd9e2","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e592fbd381098b107b00512d38487e02496ca918448abcfb116e388682cee94","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"310-948-35-6","para":"35-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_173620E3-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Capitalized costs of acquiring rights to service mortgage loans, associated with the purchase or origination of mortgage loans (see paragraph <a href=\"/asc/860/50/#860-50-25-1\" class=\"xref\">860-50-25-1</a>), shall be excluded from the cost of mortgage loans for the purpose of determining the lower of cost or fair value. </span></span></div></div>","snippet":"Capitalized costs of acquiring rights to service mortgage loans, associated with the purchase or origination of mortgage loans (see paragraph 860-50-25-1), shall be excluded from the cost of mortgage loans for the purpos…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b41b940fadcb8d9f69fcbbc3ed2a48ffe13b1963745465970d109174f947cedc","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}},{"citation":"310-948-35-7","para":"35-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_173621A7-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a loan commitment expires without the loan being made or if a loan is repaid before the estimated repayment date, any related unrecognized fees shall be recognized as revenue or expense at that time. </span></span></div></div>","snippet":"If a loan commitment expires without the loan being made or if a loan is repaid before the estimated repayment date, any related unrecognized fees shall be recognized as revenue or expense at that time.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:22dd2e4be6c16c5ae336323814c496947f5f6f23cd009042261f66d28ee028eb","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce96ebed268d5c5018b0e5d2a36fbbf4e3323ddfb03b58803e0fccad1cbe4966","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478039","source_sha256":"0b7054d76ad9afa8850e0f87915ec260dd161420dc5f2ade44cca244fda86254"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:389841f4ad341f843d58dba0af7060dba4b3096831c5105ce113c7e4587f80f4","downloaded_from":"2026-09-09T23:31:00.735Z","last_downloaded_at":"2026-09-09T23:31:00.735Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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