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The American dream is slipping away. Today's housing crisis and the history of mortgage lending with Jack Boyle.
Manage episode 398497971 series 2967009
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The American dream is slipping away. Today's housing crisis and the history of mortgage lending with Jack Boyle.
Jack Boyle who had a career for 35 years in mortgage finance will be a presenter at the March Forum on Ohio's Housing Crisis hosted by the Ohio Christian Alliance. Presenters will also include State Senator Andy Brenner who is currently serving on the Ohio Senate Select Committee on Housing. In this introductory discussion, Jack takes us through the history of home mortgage lending, back to the turn of the 20th Century to the present, including the history of FHA, VA, Freddie Mack, and Fannie Mae. Jack has a wealth of experience that he is willing to share with us. This interview is an introduction to this topic. Housing costs have skyrocketed due to inflation. Currently Builders are building very few homes in Ohio and that has created a housing shortage so acute that state government has launched a select committee to address the problem. At the forum we will discuss the history of mortgage lending, subprime lending, and the current housing market. If you know someone who would benefit from this information, please share it with them. Also leave comments at this link.
Part 2 - Continuation....Sub-prime lending, the 2008 banking and home market crash, and why the housing market never really righted the ship afterwards.
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