In Act 1 Scene 2 Part 1, I give insight into the basics of the mortgage market. Granted this is a very simplified explanation, but it gives important insight into how people who put money into savings accounts are connected to people who want to buy homes. WARNING: In reality the mortgage market is much more complicated than this. This video is only used to illustrate some important concepts.
In Act 1 Scene 2 Part 2- In this podcast, I attempt to explain how the mortgage industry connects to the larger financial markets. AGAIN I am warning you- this is all just one big simplication and I leave out a lot of important details. This video is just used to illustrate BASIC concepts.