Ben S Bernanke: Fostering sustainable homeownership Speech of Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the National Community Reinvestment Coalition Annual Meeting, Washington DC, 14 March 2008.
*  *  *  This audience, the National Community Reinvestment Coalition, is certainly aware that mortgage delinquency and foreclosure rates have increased substantially over the past year and a half. This increase reflects significantly, though not exclusively, a sharp deterioration in the performance of subprime mortgages, particularly those with adjustable-rate features.