The U.S Is More Socialist Than Denmark with Home Mortgages

Money For the Rest of Us

#238 How the U.S. mortgage market differs from the Danish mortgage market. Danish mortgage rates and defaults are lower than the U.S.. and unlike the U.S., the Danish government is not involved in protecting investors against mortgage defaults. This episode also explores how the mortgage broker industry has evolved since the housing crash. Thanks to ShipStation and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

• [0:23] The socialist catastrophe of Venezuela
• [1:42] Who is the most socialist in housing finance? Denmark or the US?
• [2:50] Meet Fannie Mae, Ginnie Mae, and Freddie Mac.
• [11:26] Danish mortgage securitization.
• [15:42] Why Danish borrowers actually pay less.
• [19:32] Who’s liable for the loan and why it makes all the difference.
• [22:09] Why do mortgage brokers exist, and should you use one?

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