Real mortgage market relief will come only from a recovery of the nation’s housing sector, Federal Reserve Board chairman Ben S. Bernanke said yesterday.

“Reducing the rate of preventable foreclosures would promote economic stability for households, neighborhoods, and the nation as a whole,”  told the Independent Community Bankers of America Annual Convention, according to prepared text released by the Fed. He noted lenders and servicers have “adopted a wider variety of loss-mitigation techniques, [but] more can, and should, be done.”

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