New York Fed May Try to Force Banks to Repurchase Bad Loans
By:
DailyFinance.com
Posted on August 05, 2010 at 09:24 AM EDT
The Federal Reserve Bank of New York may try to force banks to repurchase past-due home loans that back some of the securities it holds. The move would boost the value of the institution's Maiden Lane portfolio, which held $67.4 billion in assets in the week ending July 28, Reuters reported. "Through our ongoing management of the Maiden Lane portfolios we are involved in multiple efforts related... Continue reading New York Fed May Try to Force Banks to Repurchase Bad Loans New York Fed May Try to Force Banks to Repurchase Bad Loans originally appeared on DailyFinance on Thu, 05 Aug 2010 09:24:00. Filed Under: Retirement , Economy , Investing , Credit , Retail Permalink | Tweet this! | Comments
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