Mark to Market: How an obscure corporate accounting rule might impact your mortgage rate

You know you’re in the middle of an economic crisis when an accounting issue become Front Page News, and that’s exactly where we’re at today.  Mark to Market Accounting is having its day in the sun and people in need of mortgage sometime soon would do well to pay attention.  If you’ve never heard of mark-to-market accounting, don’t worry. Not many people have.  Mark-to-market is a method of valuing an asset based on its what-if-it-was-sold-today value.  Mark-to-market is officially known as FASB Statement 157…

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Sincerely and respectfully,

Daniel A. Sosa

PMZ Mortgage Consultant

Office: 209-472-2010 x4716

Cell: 209-298-8017

Email: dsosa@pmzloans.com

Website: www.loanapproval411.com