Bernanke: Even Worthy Borrowers Can't Get Mortgages

Reuters: Top News, Reuters
Thu, 05/10/2012 - 10:27am

(Reuters) - Banks have become so restrictive in making mortgages that many worthy homebuyers are being frozen out of the U.S. housing market, and lending practices are not likely to loosen any time soon, Federal Reserve Chairman Ben Bernanke said on Thursday.

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Topics: banks homebuyers housing market mortgage real estate

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