You Know It’s a Tough Market When Ben Bernanke Can’t Refinance His Mortgage

Hammered Bernanke

You Know It’s a Tough Market When Ben Bernanke Can’t Refinance His Mortgage

Ben S. Bernanke said the mortgage market is still so tight that he’s having a hard time refinancing his own home loan.

The former Federal Reserve chairman, speaking at a conference in Chicago, told moderator Mark Zandi of Moody’s Analytics Inc. — “just between the two of us” — 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.

Rest here…

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Comments
2 Responses to “You Know It’s a Tough Market When Ben Bernanke Can’t Refinance His Mortgage”
  1. BOBBI SWANN says:

    I don’t believe a single word coming from the mouth of this devil. If anything, he is using it as some sort of advertising gimmick to keep his name in the limelight!

  2. neidermeyer says:

    Ben makes $250,000 for every speech he gives , 5 speeches -40% in tax is all he needs to pay off his mortgage… I think that he either has an adjustable rate or he wants to cash out and refi a larger balance … either answer spells the same … he sees inflation coming … INFLATION Zimbabwe style.

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