Posts with tag HousingBubble

Who has the cash to buy a house in full? Hardly anyone. And that's why mortgages play such an important role in making homeownership a more attainable dream for more people. But that's not how many consumers looked at mortgages in the heat of the housing bubble. Too many consumers started to think of mortgages as just... Continue Reading »

Weak regulations for Wall Street, not low interest rates, caused the housing bubble, according to Federal Reserve Chairman Ben Bernanke. In a speech to the annual meeting of the American Economic Association on January 3, Bernanke delivered a highly technical defense of the Fed's handling of events leading up to the... Continue Reading »