January 2015
In mortgage banking, companies use derivatives and hedging as part of an overall strategy to manage exposure to market risk primarily due to fluctuations in interest rates, and to capture improved margins resulting from the mandatory delivery of loans. The following white paper discusses the treatment of derivative instruments for financial statement purposes.
Some of these items predate Richey May’s restructuring to an alternative practice structure. Richey May is no longer a CPA firm. All Attest services are provided by Richey, May & Co., LLP.
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