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Federal Reserve Chairman Ben Bernanke said market failure is inhibiting loan modifications and that the Fed may start buying securities to help drive down the mortgage rate. Speaking about the housing market at a conference organized by the Federal Reserve in Washington, DC, Bernanke said mortgage foreclosures...
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Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School's 32nd annual dinner, Bernanke said the rate of foreclosures...
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The Hope Now Alliance , a coalition of 25 of the largest mortgage servicers in the country, released a progress report on Monday on its operations to date. The Alliance came in to being last fall at the urging of Treasury Secretary Henry Paulson to expedite resolution of the growing number of mortgage...