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Earlier this month, Federal Reserve Chairman Ben Bernanke discussed the roots of problems in the nation's mortgage market along with measures that could reduce foreclosures.
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Federal Reserve Governor Randall S. Kroszner recently spoke about the importance of promptly addressing problems in the residential mortgage market to protect homeowners, communities, and general economic health.
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Because the subprime mortgage market is relatively new, the fallout of interest rate adjustments is unclear. Subprime mortgage borrowers may be at risk if interest rates rise.
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