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FASB ASC Guide > FASB ASC 948

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 948 (ASC 948) to address topics related to entities engaging in mortgage banking activities. These generally result from the activities of purchase/origination of mortgages and sale of loans to investors, as well as the long term servicing of loans. Accounting for these activities represents the bulk of the unique activity to the mortgage banking industry.

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