Future SHOCK for Older Homeowners: You Won't Get a HELOC, a Second, or Refi based on your Equity | Mandelman Matters

``Everyone seemed surprised to hear [of Bernanke's failure to re-finance his home]... but I wasn't. He's retired, after all. So, obviously, his income has dropped significantly... why would he think he'd qualify for a mortgage? All Bernanke's tale of denial did for me was reinforce how out-of-touch the Fed Chair has been and is, as related to the mortgage meltdown and housing crisis in this country. He obviously just doesn't get it at all.''