# ASC 310-948-60: Receivables — Financial Services—Mortgage Banking — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/948/#60-relationships)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-09T23:31:10.835Z to 2026-09-09T23:31:10.835Z

Record version: sha256:41979884208c6a4e320d4695bb1d4268afc9977f2b6569fed5a03b7c4da4d30c

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 310-948-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/310/948/#60-relationships)

SEC content: no

#### Receivables

##### [310-948-60-1](https://asc.understandingaccounting.org/asc/310/948/#310-948-60-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:31:10.835Z to 2026-09-09T23:31:10.835Z

Record version: sha256:681f27444ae95f6dfda4ced8027808e369ea23a88eb39f4e761b284fba963669

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


For the accounting for fees and costs associated with originating or acquiring or committing to originate or acquire loans for investment, see Topic 310.

#### Not-for-Profit Entities

##### [310-948-60-2](https://asc.understandingaccounting.org/asc/310/948/#310-948-60-2)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:31:10.835Z to 2026-09-09T23:31:10.835Z

Record version: sha256:5fe0a8877cc6b4edff2bf4dd3f1cbcd798cfb5505690214c4642a7647026aa1f

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


For reporting of [mortgage-backed securities](https://asc.understandingaccounting.org/glossary/m/#mortgage-backed-securities "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.") held by not-for-profit entities (NFPs), see Topic 958.