refinancing problems: Mortgage Underwriting Tough? Bernanke Refi Rejected! - 10/03/14 03:43 AM
 
AR Forum
 
We've all known that Underwriting Guidelines have gotten shall we say, just a little more difficult in the last few years (Sarcasm).
 
Ben S. Bernanke, the former Federal Reserve Chairman, speaking at a Conference yesterday told a Moody's Analytics, Inc. moderator that he himself was having problems refinancing his mortgage.  He further indicated that his attempt to refinance was "Unsuccessful".
 
Gee!  Can anyone of us, or some of our clients relate to this?
 
Bernanke went on further to say that " I think that the tightness of mortgage credit, lending is still probably excessive".
 
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Wayne L. Brown (Franklin Advantage Inc.)

Wayne L. Brown

Alpine, CA

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