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8 Predictions (Guesses) for 2015
1- The big rush. Just as there was an onslaught of new applications in the past prior to Principal Limit reductions we will most likely see a significant spike in HECM applications in January & February prior to the enactment of the Financial Assessment.
2- Longer HECM counseling times. As applications and FHA case numbers spke expect to see some slow downs in counseling as HECM agencies try to handle the rush with their existing caseload.
3- Mid year interest rate increases. The Federal Reserve’s Federal Open Market Committee (FOMC) met recently and signaled in their minutes that they may begin the ‘normalization process’ for interest rates…
Download a transcript of this episode here.
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