Even Ben Bernanke Can’t Get His Mortgage Refinanced

Ben Bernanke, the former Federal Reserve chairman, revealed at a conference in Chicago that he had tried to refinance his mortgage, but was unsuccessful in doing so. Bernanke’s remarks highlight the prevailing inflexible lending standards. Ben Bernanke: Hard to refinance Speaking at a conference of the National Investment Center for Seniors Housing and Care in Chicago Thursday, Bernanke told moderator Mark Zandi of Moody’s Analytics Inc.: “I recently tried to refinance my mortgage and I was unsuccessful in doing so”. He added: “It’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions”. Ben…