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 Mayor of Salinas, CA opposing the Salinas City Council’s agreement with a third party to explore solutions to issues associated with foreclosures and underwater homeowners. SIFMA shares concerns that discussions leading up to this action were one-sided, and did not address the impact of these plans on the municipality and mortgage borrowers in the community.
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