HECM loan application activity falls

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EPISODE #814

HECM application activity falls

[FHA/HECMWORLD]

After a long delay the most recent FHA Single Family Production report was released earlier this month revealing November HECM application activity. 


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Few worried about a housing bubble- just like last time


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EPISODE #694
CNN Business: No one seems worried about a housing bubble. Just like last time the bubble burst

Good news. Few economists, if any, believe that the housing market will crash. The bad news most experts believed the same in the months and years leading up to the  2008 housing market crash.

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The Early Signs of a Housing Crisis?



Are we seeing the early signs of another mortgage crisis or housing bubble?

Perhaps you’ve noticed that housing prices are blowing up despite an uncertain economy and what appears to be a building second wave of COVID-19 infections. At this point, most of us are ready to accept some good news. However, there are some indicators that we are approaching a housing crisis while certainly, we have solid market indicators of improvement. As one Polish poet put it, “the truth usually is in the middle. Most often without a tombstone. Let’s dive in.

First, we will see a spike in evictions- not because landlords are booting out non-paying tenants, but because those property owners cannot pay the mortgage to the bank when they are no longer receiving rent payments. While this does not directly impact senior homeowners it will contribute toward increasing housing inventory which has a direct impact on housing prices. Next, let’s look at the state of the market comparing Black Knight’s July and August Mortgage Monitor reports.

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