Podcast- Discussion With WalletHub.com Analyst on Over-leveraged Mortgages, Loosening of Freddie, Fannie Home Loan Standards



April 23, 2018 |  

In this edition, of Elk Grove News Podcast, we have a discussion with Jill Gonzalez of WalletHub.com regarding over-leveraged mortgages. According to a recent study by Wallet hub, Elk Grove, California is in the 70th percentile of overleveraged cities in America. See story posted on the subject here

We’ll discuss what the means as well as some policy changes at Freddie Mac and Fannie Mae that could signal a return to looser credit standards for home purchases (see embedded promoted Tweet from Freddie Mac posted below).

Ms.  Gonzalez is a consumer finance expert and a financial literacy advocate with appearances on NBC Nightly News, Fox Business Network, Wall Street Journal Live and C-SPAN's Washington Journal. Her take on consumer finance has been featured in publications such as The New York Times, Washington Post, Fortune, and Kiplinger.


This telephone interview was conducted on Friday, April 20, 2018






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1 comment

D.J. Blutarsky said...

Over-leveraged? No sweat. Even if the homes get foreclosed, the banks will take over and still make good on the property taxes and the Mello-Roos assessments to the City. Then at some point, the banks will auction the homes off and investors will swoop in and make rentals out of them. The only downside is the family gardener may lose his job because the banks and investors may have their own gardeners they deal with!

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