A quiet accounting update from the EITF could have a noticeable impact on MSR valuations and capital ratios. For years, a disconnect has existed between how MSRs are valued in the market and treated under GAAP—particularly around recapture. Following its March 2026 meeting, the EITF has taken steps to address this gap.

Explore our full summary to understand the implications for your MSR valuations and capital strategy. Connect with PHOENIX to discuss how these changes may impact your organization.