2 Octobre 2015
www.Get Fast Cash.com - Mortgage bankers (currently not) also have a mortgage receivable account. By definition, a mortgage is a loan (money of the borrowed sum in interest), which uses a borrower to buy a property as a home, land or buildings and there is agreement that the borrower will pay the loan monthly and continuous loan rates some agreement for years.
Registration of the mortgage transaction, accountant receivable from liabilities of credit accounts and cash on the mortgage account. To reduce the balance of credit and cash. The borrower must on your mortgage, tax consultant uncollectable taxes and mortgages has by default. Mortgage loans are presented as non-current assets in the balance sheet. Cost of bad debt is reported in the profit and loss account. Costs have a late payment in the same year that recognizes the loan, is an application of the principle of correspondence.
To protect losses from unpaid mortgages, created a reserve account, the banks that you report the loss of the loan on the activity (a removal of an asset in the balance sheet) is the estimated amount to cover losses from the total loan portfolio. Reserve has credit loss is in the balance sheet and that it must pay the amount of the loans of borrowers (compensation for estimated credit losses from the financial institutions in mortgage credit). This account is based on the loss of interest in carrying out each quarter that both adjusted mortgages (non-attribution and restricted). Loan loss is an issue that the loss of reserve loan increases (or decreases). Loss of credit costs recognised in the profit and loss account. To adjust the reserve credit, so credit reserve reflects the risk in credit portfolios. www.Get Fast Cash.com - The methodology to estimate the reserve of all my opinion-based loan losses gives a good measure of losses that may arise in credit portfolio accounts. Even so, the risk of overstatement of loss or underestimate loss. There is still a possibility that can run a loss and defeat the purpose of having loan loss reserves to banks and source. When loans were classified and as a result, then estimated it would eliminate credit risks.