FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

Fed chief says central bank ’strongly committed’ to easing mortgage crisis.NEW YORK (CNNMoney.com) — Federal Reserve chairman Ben Bernanke outlined the central bank’s proposal Friday to stem the subprime meltdown.In a speech at the National Community Reinvestment Coalition’s annual meeting, Bernanke said that the Fed is working to curb unfair lending practices to protect borrowers of adjustable rate mortgages.”The Federal Reserve is strongly committed to fully employing our authority, expertise, and resources to help alleviate [borrowers’] distress,” Bernanke said in written remarks.Read Full Article

Tags: bernanke, mortgage plan

This entry was posted on Sunday, March 16th, 2008 at 6:23 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.