{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/948/#25-recognition","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":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-948","subtopic_title":"Financial Services—Mortgage Banking","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Costs of Issuing Certain GNMA Securities","paragraphs":[{"citation":"340-948-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17C4F112-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">One month's interest cost, which is required to be paid to a trustee by issuers of <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) securities electing the <a href=\"/glossary/i/#internal-reserve-method\" class=\"term\" title=\"A method for making payments to investors for collections of principal and interest on mortgage loans by issuers of Government National Mortgage Association (GNMA) securities. An issuer electing the internal reserve method is required to deposit in a custodial account an amount equal to one month's interest on the mortgage loans that collateralize the GNMA security issued.\"><span>internal reserve method</span></a>, shall be capitalized. </span></span></div></div>","snippet":"One month's interest cost, which is required to be paid to a trustee by issuers of Government National Mortgage Association (GNMA) securities electing the internal reserve method, shall be capitalized.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3901ebfa1a9e99044b0ca001cc7753966c2a9f671a0d9cdc817dc89826ee6683","downloaded_from":"2026-09-09T23:58:21.295Z","last_downloaded_at":"2026-09-09T23:58:21.295Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478315","source_sha256":"200a0a2e992d8fff85663e4f9cef14420580744231b3cc8883b3cf5f50bedbd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e225186308d37b8260324b9508048de40ad40e6310a34aa2a3d9d17c339a382","downloaded_from":"2026-09-09T23:58:21.295Z","last_downloaded_at":"2026-09-09T23:58:21.295Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478315","source_sha256":"200a0a2e992d8fff85663e4f9cef14420580744231b3cc8883b3cf5f50bedbd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:740df2905b2b2cec036182e70a299d6bb413c51062386accefe538b4f45125f1","downloaded_from":"2026-09-09T23:58:21.295Z","last_downloaded_at":"2026-09-09T23:58:21.295Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478315","source_sha256":"200a0a2e992d8fff85663e4f9cef14420580744231b3cc8883b3cf5f50bedbd8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:740df2905b2b2cec036182e70a299d6bb413c51062386accefe538b4f45125f1","downloaded_from":"2026-09-09T23:58:21.295Z","last_downloaded_at":"2026-09-09T23:58:21.295Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478315","source_sha256":"200a0a2e992d8fff85663e4f9cef14420580744231b3cc8883b3cf5f50bedbd8"}}