{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/10/#sec-99-sec-materials","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":"860","topic_title":"Transfers and Servicing","subtopic":"860-10","subtopic_title":"Overall","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"860-10-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SEC Observer Comment: Balance Sheet Treatment of a Sale of Mortgage Servicing Rights with a Subservicing Agreement.<ul class=\"ul simple\" id=\"d3e496247-122853__GUID-BD3C01A8-958A-46A3-B80A-8BB4905B1195\"><li class=\"li\" id=\"d3e496247-122853__SL6464693-122853\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_F53185CC-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In accordance with paragraph <a href=\"/asc/860/50/#860-50-40-7\" class=\"xref\">860-50-40-7</a>, a sale of mortgage servicing rights with a subservicing contract could be treated as a sale with the gain deferred if substantially all of the risks and rewards have been transferred to the transferree. In the view of the SEC staff, a transaction that, in substance, transfers only a portion of the servicing revenues does not result in transfer of substantially all of the risks and rewards of ownership and the accounting for those transactions should be guided by the guidance in paragraph <a href=\"/asc/470/10/#470-10-25-1\" class=\"xref\">470-10-25-1</a>. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SEC Observer Comment: Balance Sheet Treatment of a Sale of Mortgage Servicing Rights with a Subservicing Agreement.\nIn accordance with paragraph 860-50-40-7, a sale of mortgage servicing righ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ac2a5b17e1c9ea59300b3201014739c748b2b4033690b5bced0dfa698efd10c","downloaded_from":"2026-09-10T02:06:11.378Z","last_downloaded_at":"2026-09-10T02:06:11.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480058","source_sha256":"c93b9396d156b61bc34742ae136687036bc2b39302da078b482b81de8d62d427"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f697fab7faa560c63444a264e14982769965a22b7500ef43fb58e088125189e2","downloaded_from":"2026-09-10T02:06:11.378Z","last_downloaded_at":"2026-09-10T02:06:11.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480058","source_sha256":"c93b9396d156b61bc34742ae136687036bc2b39302da078b482b81de8d62d427"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:369e4f3f261ee625ecdd991cc72a8f4a057a141fc58c2acfde2049fc6076a8a0","downloaded_from":"2026-09-10T02:06:11.378Z","last_downloaded_at":"2026-09-10T02:06:11.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480058","source_sha256":"c93b9396d156b61bc34742ae136687036bc2b39302da078b482b81de8d62d427"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:369e4f3f261ee625ecdd991cc72a8f4a057a141fc58c2acfde2049fc6076a8a0","downloaded_from":"2026-09-10T02:06:11.378Z","last_downloaded_at":"2026-09-10T02:06:11.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480058","source_sha256":"c93b9396d156b61bc34742ae136687036bc2b39302da078b482b81de8d62d427"}}