S1.E4 The home mortgage collapse and why it won't happen again, how a mortgage works, and news in home lending (Part 1)

In the first of a two part interview, I speak with Stacia Weishaar of HomeStreet Bank about what she and her team do to create delightful refuge for their clients in the lending process. Stacia and I discuss the meltdown of the home mortgage market in 2008-2009, why it happened, and why it’s unlikely to happen with today’s new lending practices. Stacia and I also explore the ins and outs of what a home loan really is and how it works. We discuss the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was a result of the crash. Last, we discuss what’s new in home lending in 2018, including a Fannie Mae raise in the loan limits for conventional loans: from $592,250 to $667,000. You can reach Stacia at: Stacia Weishaar ‭(206) 849-0357‬ [email protected]