MBS Accounting Software: FASB accounting for mortgage backed securities

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Financial Data Support Systems, Inc.
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  FASB 91 - all products
  LOAN FILES - FASB 91 deferred fees income and expense amortization
  OMNIBUS - MBS, GNMA, LSBO, loan packages premiums, discount amortization
  PROSPECTIVE, RETROSPECTIVE amortization software
  BOND PURCHASER ACCOUNTING SOFTWARE - effective interest 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


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

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 demo
  •  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.

Browse, import a file, run monthly reports
Scroll down for
     •  Highlights
     •  Price
     •  Free demo
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.



     •  Effective interest rates
     •  General ledger, journal voucher, monthly upload posting files
     •  Allocate income, expense to multiple cost, revenue centers
     •  Subsidiary account balance reporting
     •  Lifetime recognition audit schedules
     •  Prior period calculations
     •  Future income, expense projections

Custom coding and services available:
     •  Custom reports
     •  One-time file calculation services
     •  Recognize current and prior periods
     •  Forecast future period recognition

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 DEMO

Price page and free demo
Click to open and view Price page
     You can also download a free demo from the price page.

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
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