Former Fannie Mae CEO Expects Refinancing Activity to Increase Substantially

The video discusses the impact of falling mortgage rates on homebuyers, highlighting a decrease in purchase activity but an increase in refinancing. It contrasts the current economic challenges with the 2008 crisis, noting government efforts to support homeowners. The discussion covers consumer behavior, the use of technology in home sales, and the shift towards digital solutions in the mortgage industry, emphasizing the importance of digital transformation for resilience in financial services.

What are the expected trends in purchase and refinance activity in the mortgage market?

How might the current crisis lead to a shift towards more digital experiences in the mortgage industry?