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Tag Archives: mortgage-backed securities

Maryland to get $75M, plus consumer relief, under BofA settlement

(AP Photo/Matt Rourke, File)

Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s agreement to provide consumer relief via such things as mortgage forgiveness, community reinvestment and affordable rental housing.

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Fed says economy has slowed, takes no new steps

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak. The Fed took no new action after a two-day policy meeting. ...

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Fed could be moving to more bond buying

WASHINGTON — The Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so after its policy meeting this week. Probably not, many economists ...

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Fed to shift $400B in holdings to boost economy

WASHINGTON — The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home and business loans cheaper and invigorate the economy. Analysts said the moves would provide only a slight economic benefit. ...

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