FROST ADVISORY

UNTIL 9 AM

The National Weather Service maintains a FROST ADVISORY in Muskegon, Ottawa, Kent, Ionia, Allegan, Barry, Eaton, Van Buren, Kalamazoo, Calhoun, Berrien, Cass, St. Joe, and Branch counties until 9 AM.  Early morning temperatures are already at or slightly above the freezing mark, which encourages frost.  It's reasonable for temperatures to fall through the 7 AM hour, and a light freeze is also possible.  Hopefully, plants and flowers were covered last night or brought inside for protection.  

Stay with wwmt.com for your weather today and always!  

 

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BofA reaches $17B settlement with US

Updated: Thursday, August 21, 2014
BofA reaches $17B settlement with US story image

WASHINGTON (AP) - Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

The officials say the bank will pay $10 billion in cash and provide consumer relief valued at $7 billion.

They spoke to The Associated Press on condition of anonymity because the deal isn't scheduled to be announced until Thursday at the earliest.

The bank declined comment.

The agreement requires the bank to acknowledge making misrepresentations about the quality of its residential mortgage-backed securities itself and in those by Countrywide Financial and Merrill Lynch. Those institutions were acquired by the bank in 2008 and were responsible for the bulk of the questionable loans.

U.S. | World News

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