SEC's Corp Fin Reminds Companies of Disclosure Obligations Related to Mortgages and Foreclosures

The SEC has posted on its website a Sample Letter sent in October 2010 to public companies on accounting and disclosure issues related to potential risks and costs associated with mortgage and foreclosure-related activities or exposures.  The letter is intended as a reminder of disclosure obligations to consider in upcoming Form 10-Qs and subsequent filings, in light of continued concerns about potential risks and costs associated with mortgage and foreclosure-related activities or exposures.