MBS Accounting Software: FASB 91 accounting for mortgage backed securities

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
   Accounting
       Amortization
           Software
 
  Home page
  About, contact us
  FASB 91 - all products
 
  LOAN FILES - FASB 91 deferred fees income and expense amortization
  OMNIBUS - MBS, GNMA, LSBO, loan packages premiums, discount amortization
  BOND ISSUER ACCOUNTING SOFTWARE - premiums, discounts, issuance costs
  BOND PURCHASER ACCOUNTING SOFTWARE - effective interest method
  BOND PURCHASER ACCOUNTING SOFTWARE - straight line method
 
  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  DAILY AMORTIZATION - day, days, weeks, 4+4+5, any other recognition period
  DEALER FEES - FASB 91 software for indirect lending charges
  l



Related products ....
Mortgage fees
Dealer fees, indirect lending




























































































We just went through this year's annual audit using your software.
For the first time ever, our outside auditors gave us a clean report. Not a single footnote to our financials!
Thank you,
          New York


I had to calculate a client's MBS portfolio going back 7 years and have no idea how it could have been done so quickly without using your software.
          Michigan


We used to spend days at the end of each month recalculating effective interest rates due to rate changes coupled with principal paydown reductions.
Your software does that for us now.  And a lot more.  All in a matter of seconds.
          New Mexico
























































































                 FEATURES

FASB, GAAP compliance for:
  •  Current month
  •  Prior months, restatements
  •  Future months
  •  Monthly and annual totals
  •  Calendar and fiscal years



MBS premiums and discounts:
  •  Effective interest rates
  •  FASB 91 amortization
  •  Premium expense
  •  Discount income
  •  Balances for each
  •  Par/Principal
  •  Book value
  •  Totals for all
  •  NET recap



Changes:
  •  Rate changes
  •  Monthly remittances
  •  Other reductions to par
  •  Increase to par, takeouts
  •  Modifications
  •  Early payoff, sale



General ledger:
  •  Subsidiary account listing
  •  Schedule with totals
  •  Journal voucher
  •  Posting totals



Balance sheet recognition report:
  •  Beginning balances
  •  Activity
  •  Ending balances
  •  Net change
  •  Month
  •  Year



Excel interface:
  •  Import records
  •  Export records, reports
  •  Email records, reports
  •  Archive as pdf, too


Support:
  •  Software training
  •  Documentation
  •  Customization available


Install to your computer:
  •  Windows 7, 8, 8.1, NT, 10
  •  PC, laptop, workstation
  •  Shared network drive


Evaluation:
  •  Free demo
  •  Free sample reports



MBS, GNMAs, LSBO, Packaged Loans FASB 91 Accounting Amortization Software

Scroll down for highlights and
Slideshow images with
     •  Reports - Monthly, Yearly
     •  Software screens
     •  Audit schedules
     •  Install to your PC or network sharing device
     •  Price - resolve FASB 91 issues for less than $30.00 a month
     •  Free demo
FASB 91 amortization software for
Mortgage, other loans fee income and expense
Dealer fees, indirect lending charges
Bonds - corporate, agencies, governments ....



Complete accounting and reporting for
     •  MBS bonds
     •  GNMAs, CMOs, other syndicated loans, pools
     •  LSBO
               Participations
               Whole loan packages
     •  Other packaged loans
     •  Non-conforming individual loans
     •  Structured, multiple fundings
     •  Staggered pool deliveries
     •  Current month or
     •  Restatement of prior months
  









If you don't see what you need ....
Special project?  Pressed for time?
We offer
     •  FASB 91 file calculation services on a one-time or recurring basis
     •  FASB 91 software customization
     •  Other FASB 91 software products

For more information,
email Support@fdssi.com
  









FASB 91 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 with accelerated (additional) premium, discount recognition due to reductions to par
     •  CPR version - please contact us at 1-800-245-8444 or email: support@fdssi.com
     •  Par, accumulated and book value balances
     •  Monthly and Yearly (calendar or fiscal) Totals - current and prior periods
     •  Fixed rate.  Variable rate.  Zero rate.
     •  Effective interest rate recalculation due to rate changes
     •  Month-by-month lifetime premium, discount recognition schedule for a record
     •  Mark to Market Report - Comparison of Book Values to Market quotes as of any day using Excel RTD function
  









Also account for and amortize other premium and discount instruments
     •  Corporate, municipal bonds
     •  Governments, agencies
     •  Notes
     •  Virtually any premium, discount instrument
     •  Fixed rate
     •  Variable rate, steps
     •  Zero rate
     •  Callable bonds, with or without a call price
               Amortize premium or discount to call date.
               If bond is not called, continue coupon interest reporting until maturity.
     •  Convertible bonds



Maintain different types of investments
     •  In one or more separate files or
     •  In the same file with MBS records
     •  The software will segregate and report records based on worksheet tabs and/or your general ledger chart of accounts
  









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.
  









Generate
     •  Effective interest rate calculations at the package level 
     •  Premium amortization
     •  Discount accretion
     •  Additional premium and discount recognition due to
             Remittances for par/principal
     •  CPR version - please contact us at 1-800-245-8444 or email: support@fdssi.com
     •  Par and Book Value calculations
     •  Rate changes
     •  Recalculation of effective interest rate
     •  Subsidiary ledger listing with general ledger subtotals
     •  General ledger posting totals
     •  Accounting and administrative reports
  









SLIDESHOW

Click to open
Slideshow Page with
•  Software features
•  Screens
•  Monthly and other reports
•  General ledger postings
•  Audit schedules
•  Remittance tracking vs. CPR
•  Prices and ability to download a free demo right now


View the above screens and reports in a pdf file.
     •  Include any specific requirement and we'll add it to the above samples.
email  Please send your pdf product information packet










                                      Excel
An Excel file and worksheet template come with the software.
  •  Maintain records in 1 worksheet or multiple worksheets
  •  Segregate, aggregate, Group records by/for any purpose
  •  Log and account for remittances, too.  Or use a CPR version.
  •  Import 1 worksheet, some or all worksheets at the same time
  •  Browse, open a file, select worksheet(s) from a list

                                    Clients?
Using Excel allows records and reports to be shared between:
  •  Client and CPA accounting firm via email
  •  Financial advisors - calculate a portfolio in a few seconds
  •  Service providers:
          Import client bonds from Excel
          Export reports and schedules to Excel with a single click

                  (premium amortization can be negative to distinguish from discounts)

                                Software Reports
     •  Import screen, above (copy/paste records or browse/open file)
     •  Lifetime month-by-month recognition schedule for any record
     •  Subsidiary listing - discounts and premiums by category
     •  Journal voucher - debit, credit column recaps
     •  General ledger posting file
     •  CPA auditor "workpaper" annual reconciliation report
     •  View reports.  Print reports.
     •  Export reports to Excel and Adobe for distribution to others

                              Try it yourself right now!
View the slideshow page with monthly and annual reports,
lifetime audit schedules, price and free demo download. 
 








Need a specific answer?
1-800-245-8444 or
email (modify) any of these questions initially posed by our clients

     REMITTANCES:  I need a system that will account for monthly remittances, rate adjustments and ....
     PREVIOUS YEARS:  I need FASB 91 amortization results for previous years going back to ....
     CONVERT:  We're thinking about converting to FASB 91 but want to preserve ....
     AUDIT:  Is there a way to verify software results?   I need to be able to ....
     MULTIPLE FUNDING:  Some packages are fulfilled over a period of several months.  Can the software handle ....
     SUBSTANDARD ASSETS:  We deal with troubled and distressed loan packages.  Is there a maximum discount that the software ....
     GENERAL LEDGER:  We use separate accounts for premiums, discounts, accruals and such.  Does the software ....
     SPECIAL PROJECTS:  Can I get the software on a temporary or short term basis for ....
     MY CLIENTS:  I need to amortize client records under FASB 91 and send them ....
     YEARLY:  I need to be able to recap a fiscal year - beginning balances, new purchases, income, expense, maturities, ending balances ....
     MULTIPLE INVESTMENTS:  We also have corporate bonds and other investments.  Can the same software ....
     CUSTOM:  I need FASB 91 software that may have to be customized in order to ....
     ONE TIME SERVICES:  I just want premiums and discounts amortized one time and get reports for ....
     NETWORKS:  More than one person needs to access the software.  How many ....
     CPR:  I want conditional prepayment rate schedules for MBS records using these assumptive rates ....
     OUTSOURCING:  Instead of buying software, can I just outsource everything to you and get monthly reports in Excel ....
     Or, ask another question








Changes during the premium, discount amortization term ....

Reductions to Par
     •  Easily record monthly remittances for multiple records.
     •  Reduce Par for a single record due to any receipt or partial sale.

Changes to earnings Rate
     •  Change an interest rate at any time.

Increases to Par
     •  Increase Par due to multiple take-outs, additional funding.
     •  Include any additional fee associated with the increase.



When any of the above occur, the system will ....

     •  Calculate a new effective interest rate

     •  For a reduction to par,
                the system will recognize proportionate premium or discount balance
                and adjust Par and Book Value accordingly.

     •  For an increase to par without an additional fee,
               the system will adjust Par and Book Value accordingly.

     •  For an increase to par with an additional fee,
               the system will increase the current premium or discount balance
               and adjust Par and Book Value accordingly.

     •  All changes will be reflected in a detail audit amortization schedule.



Early payoff, outright sale

     •  The system will recognize remaining discount or premium in full.



Excel interface:

  •  Import records from Excel

  •  Export records, reports to Excel

 














Options for existing fee, premium and discount balances

Option 1
        Preserve your existing book values.
        No restatement or adjusting journal entries necessary.
        The software can begin amortizing current fee, premium and discount balances.
 

Option 2
         Calculate prior and current book values.
         The software can amortize premiums and discounts from original dates using original information.


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



 

 







 

                      ACTUAL LIFE vs. AVERAGE LIFE

The software featured on this page amortizes premiums and discounts using an effective interest rate calculated over the Actual Life of the instruments from a Beginning date to Maturity date, accounting for reductions to Par/Principal as they are received.

We also offer a separate module that can be included which will amortize premiums and discounts over a shorter period of time (typically a derived Average Life) irrespective of actual cash flow.  Premium and discount recognition is a function of the effective interest rate calculated for each.
Par/principal can be amortized as:

1)  % reduction, such as reduce par/principal each month by 8.5% of the previous month's par/principal balance.

2)  Constant par/principal reduction amount, such as reduce par/principal each month by $25,000.00.

3)  P&I, calculated as a monthly level repayment stream as would occur for a monthly amortizing instrument.

 






 

                                          EVALUATE THE SOFTWARE AT NO CHARGE



Price page and free demo
Click to open and view Price page
     The price page also allows you to download a free demo.



Free sample reports with your records:
Send a few of your MBS bonds in an Excel file.
     •  Nothing proprietary.
     •  Label your bonds as MBS A, MBS B and so on.
We will:
     •  Import your records to the software.
     •  Generate a set of reports.
     •  Return all reports in separate worksheets in an Excel file.

Please call 1-800-245-8444 for more information or
email Free sample reports for my MBS records
(please include your first name in the body of the email)



Questions?
1-800-245-8444
Support@fdssi.com


 


 


 
 
 
 
 

 
OMNIBUS
FASB 91
     •  Fee amortization,
     •  Premium amortization and
     •  Discount accretion software for
MBS, LSBO and other purchased and packaged loans
FASB 91 mortgage, consumer, dealer fee loans page
Bonds, FASB 91 effective interest method page


FASB 91 effective interest method recognition software for

     •  MBS bonds, mortgage backed securities

     •  ABM asset backed mortgages

     •  Packaged loans

     •  LSBO
               Participations and
               Whole loans
               Originated
               Purchased

     •  CMOs  collateralized mortgage obligations

     •  Syndicated loan pools

     •  Non-conforming loans

     •  Distressed, substandard assets

     •  Unusual loans, heavily discounted sales and more


FASB 91 compliance software that imports all packages from an Excel file with:
     •  Package numbers, seller name, code, other identifier
     •  Begin/settlement date/purchase date
     •  Maturity date
     •  Par, principal amount
     •  Coupon/earnings/package rate
     •  Price, premium, discount, other fee adjustment to par

Create the file once.
Update monthly with current balances or reductions.

Recognize dozens, hundreds, thousands of income and expense deferrals
     •  Monthly recognition and reporting in a matter of seconds



Start amortizing "when" you want
     •  Start "as of" now
               Preserve your existing premium, discount, deferred fee general ledger balances
               No adjusting journal entries
        OR
     •  Start "as of" a prior month, prior year
               Recalculate income, expense and deferral balances from a prior period forward



The software will

•  Calculate effective interest rates

•  Amortize premiums, discounts, other deferred fee income and expense under FASB 91

•  Amortize all records at the same time

•  Provide detail amortization schedules for auditor, examiner queries

•  Generate file totals
          Total fee income
          Total fee expense
          Net:  Income minus Expense

•  Furnish general ledger posting and subsidiary account balancing
 



Easy to operate

•  Set up your records once

•  On a monthly basis, update with either
          Current package balances or
          Reductions to par/principal for the month

•  That's all there is to it



Automatic adjustments for 

•  Reductions and remittances in fluctuating amounts

•  Irregular, staggered paydowns, reductions to par, principal

•  Early payoffs

•  Sales, full or partial

•  Rate changes



A proven system for small and large files

•  Evaluate the software with your records at no charge

•  Qualified assistance regarding unusual requirements

•  Software customization for unique needs

•  FASB, GAAP compliance without spending a fortune




Complete monthly fee accounting and reporting

•  All monthly financial and accounting reports

•  Subsidiary ledger listing with subtotals by general ledger account
          P&L totals
          Balance sheet totals

•  Debit and credit column journal voucher

•  General ledger posting file

•  Cash flow projections and other managerial, audit reporting

•  View reports

•  Send to local or network printer

•  Export schedules and reports to Excel




Your existing records:

•  Convert and preserve recognition, accumulated and book values in order to maintain general ledger status.

•  Or, the software can recalculate records from their begin dates employing the effective interest method.







Price page and free demo  ....

Click the link to open and view price page
     Download a free demo from the price page, too.

Price page







Account for

  •  Loan packages - secondary market
          Fixed rate
          Variable rate
          Amortize over
               Actual life
               Estimated, average life

•  Bonds - corporate, government, other premium and discount instruments
          Variable rates, floating rates
          Unusual terms or conditions
          Reductions to par due to partial sale, other reasons
          Bonds without rate change or paydowns, too
 
  •  Syndicated loans, bulk loans, pools ....

  •  Mortgage backed securities
          MBS
          CMOs

  •  Purchased loans

  •  LSBO
          Participation and whole Loans Serviced By Others

  •  Participation loans sold

  •  Discounted cash advances

  •  Originated loan groups
          Grouped by month of origination or other criteria
          Weighted average rates, terms, fees (as discount or premium)

  •  Hybrid loans
          Fee income and expense are treated as discounts and premiums
          as an adjustments to par, principal, face value such as merchant loans, other advances

  •  Other assets or liabilities with
          Premium, discount, fee income, expense, cost, charges ....
          Periodic, irregular reduction in value
          Coupon rate, interest rate, earnings rate or rate of zero
          Variable rate changes
          Maturity date or a Term in months
          Par, principal paydown reductions, curtailments
          Payoffs
          Partial sales


The software will

 •  Calculate FASB 91 effective interest rates
          Calculate for initial values
 
•  Recalculate effective interest rate due to a paydown reduction, rate or other changes

  •  Determine monthly recognition of
          Income
          Expense

  •  Journal voucher preparation with offsets to balance sheet accounts

  •  Report general ledger balances for
          Par/principal balance
          Premium deferral balance
          Discount deferral balance
          Carrying amount /book value

  •  Accelerate deferral recognition due to paydown/partial sale

  •  Prepare a complete set of accounting reports
          View on screen
          Send to printer
          Export schedules and reports to Excel
          Upload file with general ledger debits and credits
          Direct post or allocate to revenue and cost centers
          Supports calendar and fiscal year periods

  •  Produce a detailed recognition schedule for each record
          Normal month to month premium, discount amortization recognition
          Accelerated discount, premium recognition for principal paydown, curtailment, partial sale, payback reductions

  •  GAAP, FASB compliant
          Generate, export audit and examination reports




Excel Template
The software comes with an Excel worksheet template.
     -  Maintain records in the worksheet
     -  Update with monthly or other frequency changes
     -  Make copies of the worksheet to maintain multiple, segregated files
At any time, automatically import the worksheet.
The software:
     -  Determines premium or discount amount
     -  Calculates and recalculates FASB 91 effective interest rates
     -  Based on selected dropdown calendar month, provides:
               •  Monthly premium or discount recognition for each record
                     -  Normal recognition plus
                     -  Accelerated recognition due to paydown reductions
                     -  A detail schedule for each record provides exact breakdown and how calculated
               •  Accumulated recognition
               •  Deferred premium or discount balance
               •  Book value carrying balance
               •  Detail recognition schedule
          Summary totals of the above by category:
               •  Premium totals
               •  Discount totals
               •  All accounting reports
               •  General ledger postings and upload file using any chart of accounts
     -  View reports.  Print reports.  Export to Excel.




More about accounting and reporting ....

•  Maintain records in
     -  A single worksheet
     -  Multiple worksheets to segregate records
     -  Also applicable for records where par is not subject to reduction - mix or segregate

Import dozens, hundreds, thousands of records with:
     •  Cusip or your assigned IDentifier
     •  Par, principal balance
     •  Purchase/settlement/begin date
     •  Maturity date
     •  Coupon/interest/nominal rate
     •  Price (Par +premium or -discount) = initial carrying balance
          As $Dollar amount or %Percent
          Premium, discount can be loan fee expense, fee income
          Software establishes premium/discount amount
     •  Conversion balances, if desired
     •  Supports calendar and fiscal year
     •  Maintain records in one Excel worksheet or segregated files


Premium, discount, fee income and expense recognition
 
•  FASB 91 effective interest rate calculation
  •  Premium, fee amortization to income or expense
  •  Discount, fee accretion to income or expense
  •  Accelerated premium, discount, fee recognition for par/principal reduction



Automatic effective interest rate recalculation when ....
  •  Coupon/note rate changes
  •  Reductions to par/principal due to
          Remittance paydown reductions - regular and unscheduled
          Partial sale, assignment
          Accelerated premium and discount recognition to recognize reductions
  •  Increases to par/principal



Price
Click to open  Price page
     Download a free demo from the price page, too.



Just gathering information?
Our customer support department would be glad to answer your questions.
Call 1-800-245-8444 or email Support@fdssi.com
Other pages of interest ....
FASB 91 products page
Loan origination fees FASB 91 amortization
Bond accounting FASB 91 amortization
Bond accounting straight line amortization
Bond issue costs FASB 91 amortization
Enter, calculate one record at a time calculator suite
CPA, auditor, financial advisor FASB 91 page
FASB 91 custom system
FASB 91 services offered

 





 
FASB 91 discount and premium effective interest method amortization
 software for Windows® PC, laptop, workstation and network sharing by
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