Boston Federal Reserve - Annual Report 2007

The Boston Federal Reserve focused on researching the problems stemming from subprime mortgages in 2007, the institution's latest Annual Report states.

"We have been actively sharing our research findings and participating in the national and regional policy debates," said Eric Rosengren, the president of the Boston Fed. "We also worked with five large New England banks to encourage their establishment of the Mortgage Relief Fund - designed to reach out to borrowers holding subprime loans and

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