Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

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The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Fed ready to take 'unconventional measures'

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Federal Reserve chairman Ben Bernanke bluntly acknowledged that the U.S. economic recovery has lost considerable steam, but said the central bank has the necessary policy tools to support continued growth...Bernanke reiterated that the Fed would reinvest in Treasurys to maintain the size of its balance sheet, and added that the bank is prepared to provide additional "unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly."

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