Former Federal Reserve Chairman Denied Mortgage Refinance – 4 October 2014

RT logoStrict banking regulations for mortgages mean that even prominent people have problems securing home loans – and former Federal Reserve Chairman Ben Bernanke is no exception.

Bernanke, who oversaw the financial crisis in 2008, said at an investment conference in Chicago on Thursday that even he is not eligible for a home loan under new banking regulations.

Just between the two of us,” Bernanke told conference moderator Mark Zandi of Moody’s Analytics, Inc., “I recently tried to refinance my mortgage and I was unsuccessful in doing so.”

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