Ask the Expert: The Past, Present, and Future of the Mortgage Industry with Russell Bonasso

In this episode of Ask the Expert, Russell Bonasso from Cornerstone First Mortgage dives deep into the mortgage industry's evolution and its future. First, we explore how pivotal moments like the creation of Fannie Mae, Freddie Mac, and the FHA shaped homeownership access in America.Next, we examine the current mortgage landscape, including loan programs like VA and USDA, regulatory shifts post-Great Financial Crisis, and the growing significance of Non-QM loans. Finally, we look ahead, discussing the impact of inflation, potential Fed rate cuts, and how understanding lending cycles can help navigate the future of home financing.Whether you’re a homeowner, buyer, or industry professional, this episode offers valuable insights into housing, finance, and opportunity.Russell BonassoBranch Manager220 Washington St. W | Charleston, WV 25302O: (304) 345-5626C: (304) 741-5049