Get notifications in real-time for staying up to date with content that matters to you.
Federal Reserve chairman Ben Bernanke has aggressively defended claims that low interest rate policies across the globe resulted in the last housing bubble.
In a speech to the American Economic Association’s annual meeting in Atlanta, Mr Bernanke blamed lax regulation for the housing bubble.
He said laid back laws enabled banks to issue a slew of exotic mortgages that households later had trouble paying.
According to Mr Bernanke, the Federal Reserve needs to remain open to using the blunt tool of higher interest rates if a new financial bubble emerges.
“We still have much to learn about how best to make monetary policy and to meet threats to financial stability in this new era,” he said.
NSW has led the states in a steep fall in mortgage market activit...
The asset finance platform has released a novated leasing service...
The aggregation group has appointed a specialist lender to its as...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
