Understanding Recent Changes in Credit Scores and Mortgage Terms

In this episode of the Paper Trail podcast, Chris discusses two significant topics affecting the note investing space: the potential for 50-year mortgages and changes in the Fannie Mae and Freddie Mac credit score requirements. The host explains how the removal of the 620 credit score floor could impact loan qualification and why the idea of 50-year mortgages may not gain widespread traction. Emphasizing the importance of understanding the 'rules of the game,' the host advises investors to stay focused on their business fundamentals and not get distracted by industry hype and external chatter.

00:00 Introduction and Episode Overview

01:01 Credit Score Changes and Their Impact

03:18 The 50-Year Mortgage: Pros and Cons

06:03 Focus: The Key to Successful Investing

11:15 Understanding the Rules of the Game

19:55 Conclusion and Final Thoughts