Former Federal Reserve Board Chairman Ben Bernanke thinks that mortgage lenders “may have gone a little bit too far on mortgage credit conditions,” and he knows it firsthand. And not because of his experience at the Fed.

Speaking at a conference of the National Investment Center for Seniors Housing and Care in Chicago, Bernanke said that the market is so tight right now that he was unable to refinance his own home loan recently.

The revelation comes courtesy of a report from Bloomberg. From the Bloomberg report:

The former Federal Reserve chairman, speaking at a conference in Chicago, told moderator Mark Zandi of Moody’s Analytics Inc. -- “just between the two of us” -- that “I recently tried to refinance my mortgage and I was unsuccessful in doing so.”

When the audience laughed, Bernanke said, “I’m not making that up.”