Federal Reserve ex-chairman Ben Bernanke: I got turned down for mortgage refinancing
The mortgage sector really is still very tight — as revealed by this new anecdote from none other than former Federal Reserve Chairman Ben Bernanke himself:
Bernanke's overall point is that the housing market has not picked up as much as the rest of the economy following the 2008 financial crisis, and that credit is still really tight.
But you would at least think that all of that quantitative easing could've won him some more friends.
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