Housing Mortgages Information

Fed’s Bernanke Urges Reform on Mortgage Securitization Process

Federal Chairman Ben Bernanke said Fannie Mae and Freddie Mac continue to remain under pressure and that the government must look at new methods to provide guarantees on mortgages.

Speaking via satellite at a conference on the mortgage breakdown at the University of California at Berkeley, Bernanke urged the government to act as a backstop for the mortgage bond market.

Bernanke also spoke about the need to reform the mortgage securitization process...