Appendix C — Abbreviations
|
Abbreviation
|
Description
|
|---|---|
|
ADC
|
acquisition, development, or
construction
|
|
AICPA
|
American Institute of Certified Public
Accountants
|
|
AOCI
|
accumulated other comprehensive income
|
|
ASC
|
Accounting Standards Codification
|
|
ASU
|
Accounting Standards Update
|
|
BOLI
|
bank-owned life insurance
|
|
BRSPE
|
bankruptcy-remote special-purpose entity
|
|
CFE
|
collateralized financing entity
|
|
CLO
|
collateralized loan obligation
|
|
CMBS
|
commercial mortgage-backed securities
|
|
CMO
|
collateralized mortgage obligation
|
|
COLI
|
company-owned life insurance
|
|
CP
|
commercial paper
|
|
CSA
|
credit support annex
|
|
CUSIP
|
Committee on Uniform Securities
Identification Procedures
|
|
DPP
|
deferred purchase price
|
|
EBO
|
early buyout program
|
|
EITF
|
FASB’s Emerging Issues Task Force
|
|
EPD
|
early payment default
|
|
FASB
|
Financial Accounting Standards Board
|
|
FDIC
|
Federal Deposit Insurance Corporation
|
|
FHA
|
Federal Housing Authority
|
|
FHLMC
|
Federal Home Loan Mortgage Corporation
|
|
FIFO
|
first-in, first-out
|
|
FNMA
|
Federal National Mortgage Association
|
|
FSP
|
FASB Staff Position
|
|
FVO
|
fair value option
|
|
GAAP
|
generally accepted accounting principles
|
|
GNMA
|
Government National Mortgage Association
|
|
HFI
|
held for investment
|
|
HFS
|
held for sale
|
|
HUD
|
U.S. Department of Housing and Urban
Development
|
|
IASB
|
International Accounting Standards Board
|
|
IFRS
|
International Financial Reporting
Standard
|
|
IO
|
interest-only
|
|
LIBOR
|
London Interbank Offered Rate
|
|
LIFO
|
last-in, first-out
|
|
LLC
|
limited liability company
|
|
MBS
|
mortgage-backed security
|
|
MSR
|
mortgage servicing right
|
|
OCI
|
other comprehensive income
|
|
PCAOB
|
Public Company Accounting Oversight Board
|
|
Q&A
|
question and answer
|
|
QSPE
|
qualified special-purpose entity
|
|
ROAP
|
removal-of-accounts provision
|
|
SAB
|
SEC Staff Accounting Bulletin
|
|
SBA
|
Small Business Act
|
|
SEC
|
Securities and Exchange Commission
|
|
SFAS
|
Statement of Financial Accounting Standard
|
|
SIFMA
|
Securities Industry and Financial Markets
Association
|
|
SPE
|
special-purpose entity
|
|
TBA
|
to-be-announced
|
|
TPP
|
third-party purchaser
|
|
VA
|
U.S. Department of Veteran Affairs
|
|
VIE
|
variable interest entity
|