http://www.rminsight.net/reverseiq-newsletter/2009/12/a-taste-of-forecasting/ Reverse Mortgage Statistics and Analysis Mon, 08 Aug 2011 15:56:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://www.rminsight.net/reverseiq-newsletter/2009/12/a-taste-of-forecasting/comment-page-1/#comment-255 Jack Chirico Wed, 09 Dec 2009 18:57:44 +0000 http://rminsight.net/?p=791#comment-255 The October 2007 spike in RM applications could be in correlation to the beginning of the housing crash. Declining home value could be a reason people rushed to get a RM before the equity in their homes fell to a level where they would experience a shortfall. The stock market was also near it’s all time high and beginning a 5-6 month decline from 14,000+ to 6600+. People had lost their life savings and the foreclosure crisis was looming. The October 2007 spike in RM applications could be in correlation to the beginning of the housing crash. Declining home value could be a reason people rushed to get a RM before the equity in their homes fell to a level where they would experience a shortfall. The stock market was also near it’s all time high and beginning a 5-6 month decline from 14,000+ to 6600+. People had lost their life savings and the foreclosure crisis was looming.

]]> http://www.rminsight.net/reverseiq-newsletter/2009/12/a-taste-of-forecasting/comment-page-1/#comment-254 John DeKellis Wed, 09 Dec 2009 17:10:20 +0000 http://rminsight.net/?p=791#comment-254 At the recent NRMLA Conference in San Diego, Peter Bell stated that the Reverse Mortgage community owes Barney Frank a debt of gratitude for all he is doing for us. His comment brings two questions to mind: (1) what specifically is Mr. Frank currently doing to support Reverse, and (2) does reducing the principal lending limit by 10% qualify as support...? At the recent NRMLA Conference in San Diego, Peter Bell stated that the Reverse Mortgage community owes Barney Frank a debt of gratitude for all he is doing for us. His comment brings two questions to mind: (1) what specifically is Mr. Frank currently doing to support Reverse, and (2) does reducing the principal lending limit by 10% qualify as support…?

]]> http://www.rminsight.net/reverseiq-newsletter/2009/12/a-taste-of-forecasting/comment-page-1/#comment-253 Lance Jackson Wed, 09 Dec 2009 16:25:41 +0000 http://rminsight.net/?p=791#comment-253 Hi John. I think you'll see that Nov and Dec applications are down significantly as well. Hi John. I think you’ll see that Nov and Dec applications are down significantly as well.

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