"One of the things that always astounds us is that more than 90% of homebuyer education is accessed after the buyer has an accepted offer," Fannie Mae CEO Hugh Frater said.
21 Jun, 2019FORTUNE.COM
Debt has come to serve as a defining trait for millennials--about 60% don’t have enough savings to handle a $1,000 emergency bill--but a lack of education can make a tough financial situation even harder than it has to be.
Speaking at Fortune’s Brainstorm Finance conference in Montauk on Thursday, Hugh Frater, CEO of Fannie Mae, and Anand Cavale, head of consumer lending at SoFi, said one of the biggest money challenges among millennials is a lack of critical knowledge when it comes to things like home buying and paying off student debt....
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