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CMB Publications/White Papers
Note: Many of these publications are in Adobe PDF format which requires the
free Adobe Acrobat reader. If you do not have a copy, you can download a copy here.
CMB Analysis of FHLB MPF Program (html)
CMB Initial Report on FASB 156, an amendment to FASB 140 (PDF)
Starting CMB OMS WebVal™ Service
Why Community Institutions Don't Implement FASB 140 (html)
Should Community Institutions Hedge OMS?(html)
CMB Analysis of Interagency Advisory (Feb. 2003) on Mortgage Banking
Asset / Liability Management - 7 Deadly Sins (PDF)
Asset / Liability Management - 7 Deadly Sins - The Cure (PDF)
CMB Comments on FASB 133 for Community Financial Institutions
News Articles about CMB (PDF)
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WHY Choose CMB?
CMB has been providing timely, accurate and useful mortgage servicing valuations since 1995. These have been accepted by all the major accounting firms.
Mortgage servicing valuation is our primary business.
CMB Clients
CMB clients include both public and mutual thrifts, credit unions and commercial banking firms.
We currently provide valuations to over 40 institutions with over $6 billion in mortgage servicing.
About FASB 156 and mortgage servicing valuation
In March 2006, FASB issued an amendment to FASB 140, which generally became effective for fiscal years beginning 01/01/2007.
This imposed new requirements for accounting for OMS/MSA's (loans sold with servicing rights retained).
It also offered different methods of accounting for the income generated from mortgage servicing, some of which were clearly advantageous to servicers.
Combined with FASB 140, these accounting treatments are mandatory, not optional.
FAQ - Valuing Mortgage Servicing