Premium Only Content

Are $Trillions Of New Loans About To Be Pumped Into The Housing Market?
Are $Trillions Of New Loans About To Be Pumped Into The Housing Market? | Melody Wright
A few days ago, an article appeared in the Financial Times revealing that "Last month, the government-sponsored mortgage finance agency Freddie Mac filed a proposal with its regulator, the Federal Housing Finance Agency, to enter into the secondary mortgage market, otherwise known as home equity loans"
The article's author, Meredith Whitney, claims that if approved, this "could begin to unleash almost $1tn into consumers’ wallets. By the autumn, it could be on its way to $2tn."
That would be a tremendous stimulus to the economy.
But is it a good idea?
Putting aside for a moment concerns of its potential inflationary impact, the Global Financial Crisis was a credit crisis triggered by bad housing loans. Would allowing the government-sponsored entities like Freddie Mac to unleash a flood of new loans risk repeating the sins of the past?
For answers, we're fortunate to turn to mortgage lending expert & housing analyst Melody Wright.
Melody, who was on the frontlines of the meltdown in mortgages during the GFC, is highly concerned this new lending scheme, if enacted, will end up disastrously.
May 9, 2024
Original Source
https://www.youtube.com/watch?v=14l35U0oar0&t=7s
-
1:42:05
Info Matrix
4 months ago9/11 - CALLING OUT Bravo 7 - Documentary 2020
1.58K3 -
LIVE
Timcast
1 hour agoTrump SLAMS Anti-American Museums, BANS Migrants For WOKE Views
21,527 watching -
5:46
Buddy Brown
23 hours ago $0.15 earnedOklahoma Just Made the BOLDEST MOVE of our Time! | Buddy Brown
3034 -
2:01:04
Steven Crowder
3 hours agoThe Gavin Newsom 2028 Campaign Begins... And It Sucks
197K156 -
11:25
Mike Rowe
1 day agoThe Funniest Mashup You've Ever Seen With My Mom, Peggy Rowe | Coffee With Mom
6.37K6 -
1:23:33
Steve-O's Wild Ride! Podcast
6 days ago $13.77 earnedRainn Wilson and Steve-O Break The Silence On Their Long Friendship | Wild Ride #263
42K23 -
1:00:17
VINCE
4 hours agoThe Trump Admin Isn't Having This... | Episode 107 - 08/20/25
173K96 -
LIVE
JuicyJohns
4 hours ago $1.83 earned🟢#1 REBIRTH PLAYER 10.2+ KD🟢
839 watching -
1:45:07
Dear America
4 hours agoAndrew Bailey is now Bongino’s CO-DEPUTY DIRECTOR of the FBI!! Is Bongino On His Way Out??
101K70 -
Reidboyy
3 hours ago $0.33 earnedNEW FREE FPS OUT ON CONSOLE TODAY! (Delta Force = BF6 with Killstreaks)
8K