Many Millenials and Gen Zers are children of people who lost there homes in the mortgage crisis

Описание: . Audrey, Kevin Casey talk to Julienne Y Joseph discuss VA, FHA, USDA and the GSEs, who is business as usually and how are being affected by the goverment shut down. Julienne points out that many young prospective home buyers are the children of parents who lost their houses in the mortgage crissis and that it has created fear of mortgages and banks. They discuss the importance of addressing this fear. Julienne also discuss the fact that when rates got into the 3s it was artificially low rates and where rates are today is a realistic reset. With regard to rates Audery points out that many people are getting bad or wrong advice for what should be trusted advisors. Jullienne adds that the rates are not the big issue it is the economy to which Audrey points out that only 36% of student loans, the average car payment is over $700 dollars and that house holds are tapped out.
Audrey points out that Russell Vought and the White House budget director plans to shut US consumer finance agency within months.
The discussion concludes with Audery pointing out that NAR has stated that 67% of home buyers want to do a webinar or workshop before buying a home.
As a Biden Harris Administration appointee, Julienne served as Chief of Staff to the 18th HUD Secretary, The Honorable Marcia L. Fudge, where she led a cross-agency strategic initiatives and managed an 8,000-person workforce and the agency’s $73 billon budget . Prior to becoming Chief, she also held roles as a Senior Advisor for Homeownership to Secretary Fudge and the Deputy Assistant Secretary for the office of Single-Family Housing. Where she oversaw FHA’s more than 8 million loans and $1.3 Trillion mortgage insurance portfolio. She created dozens of policies that advanced equitable access to FHA-insured mortgage financing – such as the recalculation of student loan debt and the incorporation positive rental history in underwriting. In addition, she implemented loss mitigation options that saved more than 2 million homeowners from foreclosure during the pandemic. Her earlier service includes positions as Associate Director of Government Housing Programs, Senior Housing Counselor and Mortgage Originator-experiences that grounded her policy work in real-world impact.
She holds a Bachelor of Arts degree in English Literature from University of Virginia and an MBA in Real Estate Management From Maryhurst University. Her academic foundation and career trajectory reflect a lifelong dedication to strengthening communities through housing.
https://www.jyj-consulting.com/