Industry News

Bernanke: Subprime fallout hurts housing demand

Tighter standards, bad news keep some from borrowing
Published on Jun 5, 2007

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by CareyBot

Tighter standards in subprime lending — along with bad publicity that may keep eligible borrowers from applying for loans — will continue to restrain demand for housing, Federal Reserve Chairman Ben Bernanke told international bankers Tuesday. Speaking via satellite to ...