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SEC’s Fair Value Guidance Receives Mixed ResponseReaction from the mortgage industry was split regarding guidance on fair-value accounting for illiquid subprime assets. Regulators last week clarified accounting rules in an effort to help lenders avoid large unnecessary writedowns of subprime mortgage-backed security holdings. The Securities and Exchange Commission released guidance that allows companies to rely more on their... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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