Federal Reserve Chairman, Ben Bernanke, spoke just minutes ago to a UC Berkley conference on the mortgage market challenges moving forward from the current crisis.
Ben did a great job outlining the gestation of the crisis by outlining the difference in public versus private securitization. GSE securitization of mortgages is what he called “public” in [...]

The unemployment rate hitting an unexpected five year high at 6.1 percent today is not the worst news. There is much more ominous news on the long-term unemployment rate which endangers the housing and mortgage markets.
Unemployment Rate Explained
The real dangers in the unemployment rate reported by the BLS today is not the 84,000 jobs [...]