July 16, 2024

San Diego mortgage defaults Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy.Facing criticism from members of Congress about lax regulation, Bernanke also promised that the Fed would do everything possible to crack down on abuses that have put millions of homeowners in jeopardy of defaulting on their mortgages.[tags] mortgage defaults, real estate bubble, housing bubble, mortgage foreclosures[/tags] San Diego neighborhood real estate

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