FASB Staff Proposes Taxonomy Improvements Related to Proposed ASU on Mortgage Servicing Rights

The FASB staff has released proposed GAAP taxonomy improvements related to its recently issued proposed Accounting Standards Update (ASU) Transfers and Servicing — Servicing Assets and Liabilities (Subtopic 860-50): Mortgage Servicing Rights — Recapture. The enhancements will go into effect provided that the proposed ASU is finalized.

Comments on the proposed taxonomy improvements are due by November 9, 2026. For more information, see the release notes on the FASB’s Web site.