HousingWire met up with Redfin’s chief economist, Nela Richardson, and discussed a host of critical housing and mortgage finance issues.

In a series of short video responses to HousingWire questions, Richardson was blunt and candid, sharing strong positions on GSE reform, housing policy, what’s holding back first-time buyers, and what keeps her up at night about housing.

She believes that no entity can serve two masters, which is why as a former Freddie Mac economist, she calls for the nationalization of Fannie Mae and Freddie Mac, so that they serve the industry in the model of Ginnie Mae

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She worries that housing is increasingly becoming something only for the wealthy and upper middle class, rather than the generational wealth-building tool serving all levels of income that it has been in America’s past.

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Richardson says there's one thing Washington policymakers could do to kickstart housing finance.
 

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Richardson says that there's a fundamental disconnect that has to be addressed to get first-time buyers off the fence.

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As for attracting younger professionals to housing and mortgage finance, she relies on a model she's seeing work now.

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