Melody Wright: The Housing Problem Is Much Bigger Than Mortgage Rates

Recorded on August 24 2026 at NRS Studios In this NRS Main Channel clip from NRS World, Steve Yang and Melody Wright examine why the problems facing the U.S. housing market extend far beyond mortgage rates. Wright discusses debt-to-income levels, overextended consumer credit, automated underwriting, property taxes, insurance, electricity costs and the affordability pressure facing both current homeowners and future buyers. Wright also warns about mortgage fraud, questionable underwriting and loan structures that became increasingly common during the housing boom. The conversation moves into DSCR loans, non-qualified mortgages, interest-only lending and buyers who expected they would simply refinance when rates came…