FASB proposal targets inconsistent MSR recapture treatment
FASB proposed changes to MSR recapture accounting, aiming for consistency. BTIG notes lenders like loanDepot, Rithm, and Rocket already include recapture in valuations, while others like Onity, PennyMac, and UWM do not. KBW sees this as a transparency initiative but expects no financial statement impact. FASB seeks feedback on broadening the scope beyond residential MSRs by Nov. 9.





