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Keyword: mortgagerefinancing

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  • Tight Credit? Why Ben Bernanke Couldn’t Refinance His Mortgage

    10/03/2014 12:28:19 PM PDT · by right-wing agnostic · 15 replies
    The Wall Street Journal ^ | October 2, 2014 | NICK TIMIRAOS
    Just how inflexible are lending standards these days? Ben Bernanke said at a conference Thursday that he’d been unable recently to refinance his mortgage. “It’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,” he said at a conference in Chicago, according to Bloomberg News. But wait. Surely a man with high income, lots of equity in his home, good credit and a solid net worth must be able to get a mortgage. Mr. Bernanke stepped down as the chairman of the Federal Reserve in January and joined the Brookings Institution as a...