I recently sat down with Mike Nelson, a mortgage originator and host of the Mosaic Podcast.
We discussed some ideas that should be debated at the government levels regarding interest rates and home affordability.
I’d invite you to take a listen!
Specific Podcast Timestamps:
- 1:05 – Introduction
- 2:38 – Setting the Stage
- 5:02 – Ideas for Reform: Debt-to-Income and Residual Income
- 9:02 – The Importance of the Credit Score and Asset Utilization
- 12:12 – Over Regulation and Costs Associated with them
- 19:30 – Loan Level Price Adjustments Causing Rate Increases (2nd homes/investment properties)
- 24:21 – 401(k) Utilization Without Penalty for Home Purchases/Gifts
- 25:28 – ‘Streamline’ Refinances for Conventional Borrowers
- 27:00 – Non-QM versus QM
- 29:00 – Government Debt and How It Impacts Mortgage Rates
- 32:19 – Is Real Estate Still a Good Investment?
- 33:55 – The Federal Reserve and The Data
- 37:00 – Final Thoughts
I hope you find it interesting, and feel free to reach out directly to me to discuss it further.
As always, you can set up an appointment with me here…
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