Federal Reserve Chairman Ben Bernanke said “overly tight” mortgage standards are “slowing the revival in housing and impeding the economic recovery,” in a Nov. 15 speech in Atlanta. Bernanke acknowledged the tightening of credit standards was appropriate following the lax lending … [Read more...]
Government Reports Indicate Rebounding Economy
The Federal Reserve announced Friday August consumer borrowing increased $18.1 billion over July, its highest amount in three months. The figure rebounded from July’s $2.5 billion borrowing drop—the first in almost a year. Not only did borrowing gain in areas of auto loans, credit … [Read more...]
