Fed's Minehan Sees Mortgage Default Risk as No Threat to Economy

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021429-feds-minehan-sees-mortgage-default-risk-a/

Cathy Minehan, President of the Federal Reserve Bank of Boston, said yesterday that while the risk of consumers falling behind and even defaulting on mortgage loans as interest rates rise is a concern, it is not a mojor threat to the economy.

Minehan made the comment in a Q&A session after a speech in Boston.

For the entire story, please visit Fed’s Minehan sees mortgage default risk no threat.

Fed's Minehan Sees Mortgage Default Risk as No Threat to Economy

Unknown Author

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