Nationwide Mortgage Bankers, Inc.

this is my question because what are you gonna talk about in your tool?

Well, I'm gonna talk about a lot of stuff but one of the things I'm gonna point out is the fragility of the financial system right now that Mortgage lenders have already lost more money Then they lost in all of the 2008 financial crisis.

It's just on paper but there's still $8.5 trillion of outstanding fixed rate mortgages with an average maturity of 25 years and an average coupon of 4.6%.

Those mortgages on paper have a $2 trillion unrealized loss that the banking system is sitting on.

It's your real estate breakfast with Craig in the morning across Australia.

It's the Real Estate Podcast, brought to you by ANZ Home Loans for financial well-beings.

Hey, welcome back to the Real Estate Breakfast, tracking the latest moves in the Australian property market for you and streaming on Spotify and Apple Podcasts, as well as iHeart Radio.

From Rockhampton to Hobart and from Albany in WA to Hope Island on the Gold Coast.

So if you think about that, that is three to four incomes simply to provide rent.

We have people who are formerly homeless working their way out of homelessness, and their monthly rent is greater than many people's, most people's, Home mortgages.

So how can they ever truly change their life fully and become a homeowner if they're paying such high rents? So that just demonstrates the need for a greater amount of affordable housing.

Each of these individuals have their own individual challenges.

Now, I want to shift for our last bit into housing.

We're going to start with a clip from Mortgage with Justin reviewing a clip from Dave Ramsey.

I'm going to bring up Sean's favorite document that we go through on this podcast.

He knows what it is, his favorite document.

And we had a weird little, little data orgy that turned into a dashboard that I think is pretty daggone spectacular.

All right.

Let's start with this clip from Mortgage with Justin.

More than a 15-year mortgage.

So you see the alert there.

Don't have a debt of course on Morgage, another thing.

Yes.

[laughs]

And as always, JCS News brought to you by That Mortgage Guy, Don.

Give him a listen tomorrow morning when he's host of the Home Loans radio show.

All right, an off-duty Gainesville police officer is seriously injured after crashing into the back of a stopped school bus in Ocala.

What's interesting is the bus had its flashing lights on and its stop signs extended when the accident happened this morning.

Don't take my word on it.

Go and speak to a, go speak to people at Mortgage, at, um, Finney Mortgages.

They'll, they'll have the earny about it, and they can actually be qualified to provide that advice.

But you've gotta start thinking differently about finance-

Mm

...

in other areas and sectors, right? So mortgage brokers, and, and this is, I think the guys over at Broker Daily saw some correspondence from the, um, Mortgage and Finance Association of Australia, right? And it estimated that the cost per broker, per credit representative, last year was, like, five hundred...

$5.72, right?