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OFHEO Issues Clarification on Fair-Value Accounting; A
Warning to Fannie, Freddie

post from Housing Wire on 21 April 2008 04:59:48 PM. © Housing Wire

New guidance was published Monday by the Office of Federal Housing Enterprise Oversight on an accounting standard used to determine procudures and protocol for so-called fair-value accounting methods. The standard in question, FASB 159, is a companion to FASB 157; both standards govern the election to carry almost any financial instrument at “fair value.”Housing [...]

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