FASB accounting for mortgage backed securities

 Financial Data Support Systems, Inc. 
FASB 91 - all products page
  MBS, GNMA, LSBO Loan packages
FASB 91 Loan fees
FASB 91 Dealer fees
Prospective, Retrospective
FASB ASC-310-20
Custom Software, Services
Bond Purchasers - Level Yield
Bond Purchasers - Straight Line
Bond Issuers
Prepaid Expenses, deferred charges  
Deferred Income, revenue
Fixed Assets, FF&E  
Excel worksheet amortization listing
Home page
About, contact us
Hard to find

Accounting Software for

MBS, GNMAs, LSBO, packaged loans GAAP

premium, discount amortization for all records at the same time

•  Effective interest rate calculations   FASB 91 individual  loan fees

•  Monthly discount income, premium expense recognition

•  Yearly totals for current and prior fiscal years

•  Irregular payment amount recognition adjustments

•  From original begin dates or current  balances forward

•  P&L account listing

•  Balance sheet subsidiary listing

•  Journal voucher recap with debit, credit columns

•  General ledger posting file

•  Detail audit schedule for each record


GAAP, FASB compliant

Free trial system
  •  Amortize your records
  •  Show results to your auditor
  •  1-800-245-8444
  •  email

Premium, discount, deferred fee
income and expense recognition for
investments with irregular monthly payments

Calculate income and expense from
Begin dates forward
Or ....
Preserve and amortize current balances.
For any month.  An entire year.

The software operates on
  •  Your PC or
  •  Your network

Maintain records in:
  •  Your file or
  •  An Excel template we provide

Import entire file to the software
  •  Run reports
  •  View, print, export reports

Free trial system
  •  Nothing to install
  •  Create a temporary folder
  •  Unzip a file
  •  Run the program
  •  Delete folder when done
MBS, GNMAs, LSBO, Packaged Loans
GAAP, FASB Accounting Amortization Software for a file with multiple records

ASC-310-20 prospective, retrospective effective interest method amortization which adjusts net investment
(Book Value, Carrying Balance, Cost Basis) when actual prepayment activity is different from anticipated prepayment activity.

Scroll down for
     •  Highlights
     •  Price
     •  Free trial system
FASB, GAAP amortization software for
Mortgage, other loans fee income and expense
Dealer fees, indirect lending charges
Bonds - corporate, agencies, governments ....

Complete accounting and reporting for dozens, hundreds, thousands of records at the same time
     •  Effective interest rate calculation
     •  Premium amortization
     •  Discount accretion
     •  Other deferred income and expense - up to 4 items per record
     •  General ledger reports and monthly postings
     •  Automatically adjusts net investment when actual prepayment activity is different from anticipated
         prepayment activity using Prospective and Retrospective recognition
     •  Auditing tools

An ideal solution for
     •  MBS portfolio
     •  GNMAs, CMOs, other pools and packaged loans
     •  LSBO
               Whole loan packages
     •  Syndicated loans
     •  Non-conforming individual loans
     •  Multiple fundings
     •  Staggered pool deliveries
     •  Other premium and discount investments with structured or fluctuating payback

Anticipated Repayment Activity can be established as
     •  P&I amortizing
               P&I assigned by you or
               P&I calculated by the system to establish a forecasted cash flow
                    Typically for MBS and other unknown repayment schedules
               P&I, at your option, can also be recalculated by the software with each cash flow adjustment

     •  Interest only:
               As interest only and with
               Principal payments of a constant amount (e.g., $25,000 every three months)

     •  Balloons:
               Interest only with a balloon
               P&I over balloon period
               P&I over longer term such as 5 year balloon with 30 year P&I
               P&I over average portfolio life

     •  CPR - Conditional Prepayment Rate
                % reduction of remaining principal balance, such as 8.3% of this month's balance, then 8.3% of next month's balance
                CPR is typically excluded from Prospective, Retrospective calculations because "repayment" is not cash activity

FASB premium amortization, discount accretion software for all records at the same time
     •  Effective interest rate calculation for all records at the same time
     •  Premium amortization, discount accretion monthly recognition and balances
     •  Remittance tracking
     •  Par, accumulated and book value balances
     •  Monthly and Yearly (calendar or fiscal) Totals - current and prior periods
     •  Month-by-month lifetime premium, discount recognition schedule for a record

Applicable for
     •  Purchasers
     •  Originators
     •  Seller servicers

Calculations and accounting reports for
     •  Your records
     •  Client records on behalf of CPA firms, Trust Departments, Financial Advisors ....

Calculation periods
     •  Current month, fiscal year
     •  Prior month, fiscal year(s) restatement

Current Deferral Balances
     •  The software can amortize premiums and discounts from original dates.
     •  Or, if you have been amortizing premiums and discounts using another procedure,
         the software can preserve your current deferral balances and amortize them forward.



                                          CUSTOM SOFTWARE and SERVICES

Unique situation?  Unusual records?  New type of fees?
Different file layout?  File source?
Special internal or regulatory report?

Different configurations of the software or other products we offer may already meet your needs.
If not, we can write custom code and embed your private module within the existing nuts and bolts portion of the software.

For more information, please view Custom Software and Services



Existing records and deferral balances:

Option 1
        Preserve your existing book values.
        No adjusting journal entries.
        The software can begin amortizing deferred fee income and expense balances using current information.

Option 2
         Calculate prior and current book values.
         The software can amortize deferred fee income and expense from original dates using original data.

Option 3
          Begin amortizing from an "as of" date.
         Typically the beginning of a calendar or fiscal year using prior EOY balances. 

                                PRICE PAGE AND FREE TRIAL SYSTEM

Price page and free trial system
Click to open and view Price page
Request a free trial system from the price page.
       •  Nothing to install
       •  Create a temporary folder
       •  Unzip a file
       •  Run the program
       •  Delete folder when done
See how easy it is to use the software with your own records.

For more information, please contact us.

Call 1-800-245-8444 or email Support@fdssi.com


FASB discount and premium effective interest method amortization
 software for Windows® PC, laptop, workstation and network sharing by
© 1995 - 2018 Financial Data Support Systems, Inc.
Home page        |        About us       |        Contact us       |        Site map