FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA provides comments to the Brockton, MA City Council cautioning against the idea of using eminent domain to seize mortgage loans from their holders and rework the loans for borrowers. SIFMA notes that such proposals, if implemented, would have extremely harmful impact on the municipality and mortgage borrowers in the community.
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