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 and SIFMA’s Asset Management Group (AMG) provide follow-up comments the Brockton, Mass. City Council opposing the use of eminent domain to seize securitized mortgage loans that are underwater or delinquent. Brockton City Council is considering forming a working group to examine the feasibility of the proposal. The groups share their views and a recent joint trade letter sent to the Federal Housing Finance Agency (FHFA).
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