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Tight mortgage market keeps even ex-Fed chief Bernanke from refinancing
Tight mortgage market keeps even ex-Fed chief Bernanke from refinancing

The mortgage market is still so tight, even former Federal Reserve Chairman Ben S. Bernanke is having a hard time refinancing his home loan. Bernanke, speaking at a conference in Chicago, told moderator Mark Zandi of Moody's Analytics Inc. that "I recently tried to refinance my mortgage and I was unsuccessful in doing so." When the audience laughed, Bernanke said, "I'm not making that up." "I think it's entirely possible" that lenders "may have gone a little bit too far on mortgage credit conditions," he said. Bernanke, addressing a conference of the National Investment Center for Seniors Housing and Care in Chicago, said that...

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