Much has been made of the fact that Vermont banks are strong. In fact, deposits have increased as investors have shied away from other alternatives that suddenly seem too risky. But that what happens with home loans could be a different story. The future of home lending in Vermont is tied to Fannie Mae and Freddie Mac and the national credit supply.
Tom Kavet is the consulting economist to the Vermont Legislature and president of Kavet, Rockler and Associates, of Williamstown. He spoke with VPR’s Jane Lindholm about business loans, home mortgages and credit issues from a local standpoint.