1 Articles match "Chicago","Guideline"

The Latest from RealtyTrac MORE
Bernanke: Free Market Can Curb Foreclosures
In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S. We cited the story of one subprime lender that was tightening its lending guidelines because of purely market forces — namely it was losing a lot of money because of the high default rate of some of its loans. Bernanke talked extensively about how he believes the Federal Reserve Board should respond to rising foreclosures — specifically in the subprime mortgage market. His conclusion came down in favor of the free market: "Credit market innovations have expanded opportunities for many households.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Bernanke: Free Market Can Curb Foreclosures
    In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S. We cited the story of one subprime lender that was tightening its lending guidelines because of purely market forces — namely it was losing a lot of money because of the high default rate of some of its loans. Bernanke talked extensively about how he believes the Federal Reserve Board should respond to rising foreclosures — specifically in the subprime mortgage market. His conclusion came down in favor of the free market: "Credit market innovations have expanded opportunities for many households.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE