Mortgage

Housing Bubble 2.0 – US Mortgage Debt Hits New Record | Jabar Post Indonesia

Housing Bubble 2.0 – US Mortgage Debt Hits New Record | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Mortgage.

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Housing Bubble 2.0 – US Mortgage Debt Hits New Record | Jabar Post Indonesia

A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (“foreclosure” or “repossession”) to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning “death pledge” and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.[1] A mortgage can also be described as “a borrower giving consideration in the form of a collateral for a benefit (loan)”.

Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender’s rights over the secured property take priority over the borrower’s other creditors, which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.

In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called “securitization”, which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.



Housing Bubble – Housing Bubble 2.0 – Housing Bubble 2019
Housing Crash – Real Estate Bubble 2.0 – Home Prices
Housing Correction – Market Shift – Foreclosures – Short Sales
2019 Housing Market – 2019 Real Estate Market
Housing Bubble Burst – Economic Collapse
Housing Crisis – Real Estate Market – Real Estate News
Recession – Mortgage Rates – Real Estate Investing
Pre-Foreclosures – Realtor

Today is August 1st 2019 and Randy will discuss the following topics:

US Mortgage Debt Hits New Record
Cash Out Refi’s Surging
GlamperVans
NY FED Says Housing is Anemic
Top 10 Vacant Home Locations
iBuyers Cost Sellers More
OpEd on US Home Prices

Links:

https://www.breitbart.com/news/u-s-mortgage-debt-tops-2008-record/

https://www.zerohedge.com/news/2019-08-12/millennials-consider-living-glampervans-instead-overpriced-san-francisco-apartments

New York Fed: Housing Starts, Permits are ‘Anemic’

https://www.marketwatch.com/story/heres-the-real-reason-why-us-home-prices-havent-been-smashed-2019-08-14?mod=mw_theo_homepage

If you have any questions, or wish to discuss Housing or Real Estate Investment, You can reach me directly at: [email protected]

Also, please help our channel grow by clicking like, commenting, sharing our videos and subscribing to our channel.

I am not an attorney, financial planner, CPA or tax advisor. This channel merely provides opinion, commentary and summarizes data and information that is readily available to the general public regarding the Housing Market. I advise you to seek tax / legal / professional counsel and for everyone to do their own due diligence prior to making any significant decisions or purchases regarding real estate or other investment matters.

#HousingBubble2
#RealEstateNews
#RealEstateInvesting

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43 Comments

  1. Looks like we have hit a new high water mark for US Mortgage Debt – this tops the last peak number that occurred back in 2006. Don't you think things look very similar to the last Housing Crisis ? If you are not looking at this huge opportunity to either invest in Real Estate or purchase a Distressed Property at discount prices for your primary residence, you should seriously consider doing this. Short Sales are Foreclosures have proven to be much more inexpensive in price – yes they may come with some challenges – however the discounts outweigh the issues. For more information on how to learn these techniques, please contact me via email at: ([email protected]) ……..
    FYI …. I am looking for about a group of people to be my Beta test group on my new "Never Pay Retail" Real Estate training product. Why would you want to do this? First off, you would get a significant price discount, secondly you will have serious input as to the course content (essentially customize an education program designed to meet your Retail and Investment needs). Just email me if you are interested …… I appreciate those who have already joined the program – working on your input now.

  2. Just called a agent asking the status of a 2 family in Brooklyn 1.04 million… I asked the agent How flexible is the price Agent replies owner just passed a 980,000… Told her Should’ve took it and ran that’s 400,000 more than I would’ve offered

  3. Glamper van/RV/camper living gets old real quick. It's one thing to be in the outdoors enjoying nature and traveling but getting up and going to work is a nightmare. From experience.

  4. Those addicted to Debt are going to take out loans while they can before equity vanishes. Sellers trying to capture equity are going to be in for a rude awakening when buyers do not show up unless the banks start creating100% no money down purchase mortgages.

  5. So pretty much the rich are getting richer and keeping the prices out of reach of the "middle class" and then jacking up rent and further bleeding out middle America. Perfect

  6. Seattle again.. sorry. Hotels booked solid. Those not sold out, charging $700+/night downtown. Summer time boom. Restaurants, packed. Cranes building new sky scrapers all over. Cruises from Seattle, sold out. Music venues packed. Economy here is strong as a mofo. Just saying. Even with stock market dumping. Hospital in North Seattle closed perm and land now worth more then taking in sick patients. Its real.

  7. I live in North Las Vegas. I am retired and I am NOT dependent on the local economy for my income. I live in a modest apt in a complex of about 350 units. I am noticing a trend here. Zombie living units. The employment market in LV is shrinking. When someone loses their job ( the hospitality industry is 60% of the employment base ) it’s likely they are not finding a replacement job. MGM and Caesars are in layoff mode. So people are pulling up stakes and bailing outta here in the middle of the night. Leaving homes and apts empty as a complete surprise to the apt mgr or the mortgage holder. Shades of 07/08/09? Maybe.

  8. To your point here 8:32 My sister (and her new husband) who live in Tulsa, OK decided they would sell her house and build a new one. The builders said Ok, but they will not start building until she sells her house! Is that normal? By the way, regarding investors buying and renting out the properties, if rentals go down much, for whatever reason, (new apt. builds?) then people who rent in a house can bail out much quicker than someone who is tied to a mortgage.

  9. It's gotten bad in Vegas they're not paying the hotel workers they're starting dump trash anywhere?

    Also I've been enjoying the panic of sorts from one-trick pony investors and wholesalers that wholesaling is illegal in the state of Illinois now? But for those who are versatile and their real estate investing 80% of your competition just got Thanos finger snap.

  10. Investors should have laws to remodeling this rental homes. 90% of this homes need work way out dated. Everything is still as they where built 80s90s2000 homes and they want top dollars 💵 speaking for Florida. It’s ridiculous nasty

  11. Seems like FNMA Homepath is putting more homes on the market lately. The mortgage rates coming down in the last 6 months have really just spurred refi's, not increased sales. Car sales are down as well. At the end of a business cycle, most borrowers are loaded with debt. We just sold our last two houses. And it was not too easy. Almost 4 months on the market and price reductions. Holding tight now. Things are definitely slowing.

  12. Denver metro single family home prices are now at Q2 2017 levels, there has been a 15% drop over the last 60 days, amazing how quickly the market flips once the buyers understand that it will save to "wait and see how low it will go" = inventory is UP, price decreases are rampant, nearly every single house going up immediately drops after a week by $5k to $15k = Celebrate !

  13. Here in the UK home prices are insane and the sellers and their agents take it as an afront if you dare to try to make a cash deal.This is happening even in the most economically challenging areas of the country.Meanwhile,student populations are holding up very shaky local economies at "universities"that lead the student into debt with little or few prospects after their degree.In the process "visa"for "needed"STEM subjects are being written like confetti to hold down the wages of these STEM subjects further restraining graduates from buying a home.

  14. Randy… great info .. thank you!! Would love info on vacancy rates for the large rental companies like Blackstone and American homes for rent. Once they start selling it should start a rush to sell?

  15. Institutional investors have no choice but to keep buying houses to protect their investments. This makes housing prices more and more out of reach for regular citizens. And will most likely create a much larger collapse in the future.

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