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Loan Modification

: The Truth About Mortgage.com

Bernanke: Exotic Mortgages Caused Housing Bubble

By scot184

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Fed Chairman Ben Bernanke noted in a speech yesterday that an increase in exotic mortgages, not monetary policy, was the cause of the latest housing bubble. Though the most rapid home price appreciation occurred when short-term interest rates were at their lowest levels, Bernanke argued that the ?magnitude of house price gains seems too large? to [...]

Full post as published by The Truth About Mortgage.com on January 04, 2010 (boomark / email).

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