Archive for the ‘How Mortgages Work’ Category

Scene 2: How Mortgages Work
August 18, 2009

 

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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. 

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