US GAAP Disclosure List 2017

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Financial Services, Mortgage Banking


ItemTypePeriodBalanceDescription
Mortgage Banking text
Regulatory Capital Requirements for Mortgage Companies Disclosure textThe entire disclosure for a mortgage banking entity related to capital requirements imposed by secondary market investors or state imposed regulatory mandates. The disclosure may include: (1) a description of the minimum net worth requirements related to (a) secondary market investors and (b) state-imposed regulatory mandates; (2) actual or possible material effects of noncompliance; (3) whether the entity is in compliance with the regulatory capital requirements, including (a) the entity's required and actual net worth amounts, (b) factors that may significantly affect adequacy of net worth such as potentially volatile components of capital, qualitative factors, or regulatory mandates; and (4) possible affects of noncompliance on amounts and disclosures in the notes to the financial statements. Servicers with net worth requirements from multiple sources may disclose (1) significant servicing covenants with secondary market investors with commonly defined servicing requirements (2) any other secondary market investor where violation of the requirement would have a significant adverse effect and (3) the most restrictive third party agreement, if not included above. The disclosure may also include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.
Description of Factors that May Affect Minimum Net Worth RequirementstextDisclosure for all mortgage companies, containing a description of factors that may affect adequacy of minimum net worth requirements such as potentially volatile components of capital, qualitative factors, and regulatory mandates.
Description of Possible Effects of Noncompliance or Less than Minimum Net Worth Capital RequirementstextDisclosure of the possible material effects of not being in compliance with capital adequacy requirements as of the balance sheet date, including the impact on amounts and disclosures in the financial statements.
Description of Significant Servicing Covenants for Servicers with Net Worth Requirements from Multiple SourcestextFor servicers with net worth requirements from multiple sources, discloses 1) significant servicing covenants with secondary market investors with commonly defined servicing requirements, 2) any other secondary market investor where violation of the requirement would have a significant adverse effect on the business 3) the most restrictive third-party agreement if not included above.
Description of Substantial Doubt about Going Concern, Mortgage CompanytextDescription of substantial doubt about a mortgage company's ability to continue as a going concern, including but not limited to, pertinent conditions and events giving rise to the assessment of substantial doubt about the ability to continue as a going concern for a reasonable period of time, possible effects of such conditions and events, and management's evaluation of the significance of those conditions and events and any mitigating factors.
Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies textTabular disclosure of entity's required and actual net worth amounts as of the balance sheet date, by secondary market investor.
Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies textA table disclosing the entity's required and actual net worth amounts as of the balance sheet date, by secondary market investor.
Compliance with Regulatory Capital Requirements for Mortgage Companies textLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
Regulatory Capital Requirements for Mortgage Companies, by Secondary Market Investor textThe entity's required and actual net worth amounts as of the balance sheet date, by secondary market investor.
Minimum Net Worth Required for Compliance$instantcreditThe lowest amount of net worth (total assets minus total liabilities) required by secondary market investors or state-imposed regulatory mandates.
Capital$instantcreditThe amount of total capital as defined in the regulations.
Secondary Market Investor durationSecondary market investors of Mortgage Companies.
Investor durationBusiness entity or individual that puts money, by purchase or expenditure, in something offering potential profitable returns, such as interest income or appreciation in value.

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