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Despite failed refi, Bernanke has plenty of mortgage options
Despite failed refi, Bernanke has plenty of mortgage options

An unidentified lender rejected Ben S. Bernanke's request to refinance the loan on his Washington, D.C., house, but the former chairman of the Federal Reserve could easily have found a deal elsewhere had he looked around, mortgage experts said. Bernanke disclosed his plight last week while speaking at a conference, saying: "I think the tightness of mortgage credit, lending, is still probably excessive." The remarks went viral, and little wonder: The sentiment resonates across the nation these days. Critics said that home lenders, smarting from tighter regulation and billion-dollar settlements over bad loans and mortgage securities, are denying loans that should be made...

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