On the recordJanuary 6, 2011
Foreclosures continue to be very high. There have been sincere government efforts to try to address the problem.
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congress.govEditor's note · Context
Bernanke discusses the ongoing issue of foreclosures and government efforts to mitigate them.
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Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.
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GSE-type organizations are not essential to successful mortgage financing. Indeed, many other industrial countries without GSEs have achieved homeownership rates comparable to that of the United States. One device that has been widely used…
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