Accounting for Certain Mortgage Banking Activities

Status

Issued:
September 1982

Effective Date:
For transactions entered into after December 31, 1982

Affects:
Amends FAS 32, Appendix A

Affected by:
Paragraph 1 amended by FAS 122, paragraph 3(a); FAS 125, paragraph 238(a); and FAS 140 paragraph 360(a)
Paragraph 3 amended by FAS 149, paragraph 35
Paragraph 4 amended by FAS 115, paragraph 128(a); FAS 124, paragraph 108; FAS 133 paragraph 529(a); FAS 134, paragraph 4; and FAS 157, paragraph E10(a)
Paragraphs 5, 7, 8, 9(c), 17, and 28 amended by FAS 115, paragraphs 128(b), 128(d), 128(e) 128(g), and 128(i), respectively
Paragraph 6 amended by FAS 91, paragraph 27(a); FAS 115, paragraphs 128(c) and 130(b); FAS 125, paragraph 237(a); FAS 134, paragraph 3; FAS 157, paragraph E10(b); and FAS 166, paragraph B3
Paragraph 8 deleted by FAS 125, paragraph 237(b), and FAS 140, paragraph 359(a)
Paragraph 9 amended by FAS 157, paragraph E10(c)
Paragraph 9(a) amended by FAS 115, paragraph 128(f); FAS 125, paragraph 237(c); FAS 133 paragraphs 529(b) and 529(c); FAS 140, paragraph 359(b); and FAS 157, paragraph E10(c)
Paragraph 9(b)(1) deleted by FAS 133, paragraph 529(d)
Paragraph 10 amended by FAS 122, paragraph 3(b); FAS 125, paragraphs 237(d) and 238(b); FAS 140, paragraphs 359(c) and 360(b); and FAS 157, paragraph E10(d)
Paragraph 11 and footnote 4 deleted by FAS 125, paragraph 237(e), and FAS 140 paragraph 359(d)
Paragraph 12 amended by FAS 115, paragraph 128(h), and FAS 157, paragraph E10(e)
Paragraphs 14 and 26 deleted by FAS 91, paragraph 27(f)
Paragraph 15 amended by FAS 122, paragraph 3(c); FAS 125, paragraph 237(f); and FAS 140 paragraph 359(e)
Paragraphs 16 through 18 and footnote 6 replaced by FAS 122, paragraphs 3(d), 3(e), 3(f), and 3(e), respectively
Paragraphs 16 through 18 and footnote 6 deleted by FAS 125, paragraph 237(g), and FAS 140 paragraph 359(f)
Paragraphs 19 and 30 amended by FAS 122, paragraphs 3(g) and 3(h), respectively
Paragraphs 19 and 30 deleted by FAS 125, paragraph 237(g), and FAS 140, paragraph 359(f)
Paragraphs 21 and 25 and footnote 2 replaced by FAS 91, paragraphs 27(c), 27(e), and 27(b) respectively
Paragraph 23 amended by FAS 91, paragraph 27(d)
Paragraph 29 amended by FAS 115, paragraph 128(j), and FAS 157, paragraph E10(f)
Paragraphs added after paragraph 30 by FAS 122, paragraph 3(i) and deleted by FAS 125 paragraph 237(h), and FAS 140, paragraph 359(g)
Paragraph 34 amended by FAS 125, paragraph 237(i), and FAS 140, paragraph 359(h)
Footnote 3 effectively amended by FAS 157, paragraph E10(c)
Footnote 7 deleted by FAS 91, paragraph 27(e)

Other Interpretive Pronouncement:
FTB 87-3

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 90-3
SOP 01-6
PB 6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects: No EITF Issues

Interpreted by:
Paragraph 3 interpreted by EITF Topic No. D-2

Related Issues:
EITF Issues No. 84-4, 85-13, 87-34, 90-21, and 95-5


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides