PMSR

(redirected from purchased mortgage servicing rights)
AcronymDefinition
PMSRPostmortem Sperm Retrieval
PMSRpurchased mortgage servicing rights
PMSRPeptide Methionine Sulphoxide Reductase (biochemistry)
PMSRPatternmaker, Ship Repair (US Navy)
PMSRPerformance Measurement System Report
PMSRPeople's Movement for Self Reliance (India)
PMSRPrime Minister Situation Room
PMSRPMS Rangers (gaming)
References in periodicals archive ?
The proposed changes to the Financial Accounting Standards Board's (FASB) Financial Accounting Statement (FAS) 65 would allow servicing produced in-house, so-called originated mortgage servicing rights (OMSRs), to be capitalized and treated the same as purchased mortgage servicing rights.
In late 1992, the Federal Reserve approved a uniform rule relating to purchased mortgage servicing rights (PMSRs) and their capital treatment.
Originally conceived as a means of defusing legal battles over write-offs for goodwill, the key element of the bill would require that purchased mortgage servicing rights be amortized over 14 years using the straight-line method.
Under FAS 65, purchased mortgage servicing rights are amortized in accordance with the actual life of their positive cash flows.
The demand for purchases by traditional sources, however, will be negatively affected by the capital treatment of purchased mortgage servicing rights (PMSR) for banks and thrifts.
Murray: It's the same issue as with [Ways and Means Committee Chairman] Rostenkowski's longer amortization provision for purchased mortgage servicing rights.
MB: Actions by federal regulators of banks and thrifts to limit the amount of purchased mortgage servicing rights that can be counted towards core capital has had a definite impact on the servicing market.
The good news involves the regulators' capital treatment of purchased mortgage servicing rights (PMSR).
The thrust of our argument with these regulators was that purchased mortgage servicing rights was not like just any old intangible asset--it was special because it was an "identifiable" intangible, not an unidentifiable intangible like goodwill.
In carrying out their responsibilities under FIRREA, last February, the FDIC proposed to limit the inclusion of purchased mortgage servicing rights (PMSR) to 25 percent of core capital.