Expert who predicted 2008 mortgage crisis reveals the housing ‘lifeline’ if market doesn’t get moving

After making a name for herself for forecasting the 2008 subprime mortgage crisis, Meredith Whitney has a new view on what the Federal Reserve should do amid a pricey and stale real estate market.

"Rates could come down, but it's going to take the Fed to lower rates dramatically. And I think probably 75, 100 basis points," the Meredith Whitney Advisory Group CEO said in an exclusive interview on "The Claman Countdown," Monday.

"We're not going to get there with 50 basis points," she added.