FHFA Plans Looser Mortgage Rules to Boost Housing

FHFA Plans Looser Mortgage Rules to Boost Housing

Assessment

Interactive Video

Business, Social Studies, Other

University

Hard

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The video discusses proposed changes in housing market regulations, focusing on Fannie Mae and Freddie Mac. These changes aim to make homeownership more accessible by adjusting downpayment requirements and clarifying loan buyback risks. The discussion includes criticisms of these changes, concerns about over-regulation, and the economic implications of current mortgage market conditions. Additionally, it explores generational shifts in attitudes towards homeownership, considering the impact of the sharing economy and changing priorities.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the proposed changes to housing regulations?

To make homeownership more accessible

To increase the number of rental properties

To eliminate Fannie Mae and Freddie Mac

To raise interest rates on mortgages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed new minimum downpayment percentage for loans backed by Fannie Mae and Freddie Mac?

5%

10%

1%

3%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the criticisms of the proposed changes to housing regulations?

They only benefit large banks

They may lead to another housing bubble

They are too restrictive

They do not affect interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant issue with Fannie Mae and Freddie Mac in the past?

High interest rates

The put-back issue

Excessive downpayment requirements

Lack of government support

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average FICO score for closed loans this year?

650

800

695

726

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the sharing economy influenced attitudes towards homeownership?

It has made homeownership more affordable

It has decreased interest in homeownership

It has increased the desire to own homes

It has no impact on homeownership attitudes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common belief about spending priorities among younger generations?

They focus on paying off student loans

They prefer spending on experiences rather than material goods

They prioritize material goods over experiences

They prefer investing in real estate