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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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July Housing Scorecard: Home Sales Fall, Delinquencies Increase
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
July Housing Scorecard: Home Sales Fall, Delinquencies Increase
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
July Housing Scorecard: Home Sales Fall, Delinquencies Increase

August 6, 2012 (Chris Moore)

The housing market continued to paint a fragile picture according to the July release of the Obama Administration’s Housing Scorecard as new and existing home sales fell and delinquencies increased while foreclosure activity and home prices improved.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were up across the board in June with the delinquency rate of prime mortgages that were at least 30 days or more delinquent increasing from 3.9 percent in May to 4.1 percent in June. In June of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also worsened as the percentage of delinquent loans climbed to 29.5 percent from 28.8 percent in May but was still down from 32.7 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased, climbing to 12.0 percent in June from 11.8 percent in May. The delinquency rate on FHA loans a year ago was 11.5 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, declined in June with 1.375 million loans in trouble, down from 1.381 million in May and down from 1.500 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.595 million in June, down from 1.599 million in May. In June of last year, 1.697 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 721,000 in June, up from 713,000 in May, and were substantially higher than the 585,000 delinquent loans in June 2011.

HOPE NOW proprietary loan modifications increased in May, growing to about 45,100 modifications from around 43,000 modifications in May. HARP refinances skyrocketed from 49,500 in April to 67,500 in May.

Loan originations for home purchases increased 6.7 percent from the first quarter of 2012 to the second quarter but were 9.0 percent lower than last year while refinance originations were up 1.1 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices through the end of May showed continuing improvement with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from April to May.

Sales of new homes fell by a seasonally adjusted 8.2 percent from May to June while sales of existing homes fell by 5.4 percent.

Distressed property sales accounted for 24 percent of all re-sales in May, down from a revised 26 percent in March and down from 29 percent the previous year.

The inventory of existing homes fell slightly from the previous month with a 6.6 months supply of homes available for purchase. New home inventory increased to a 4.9 months supply of inventory, up from a revised 4.5 months supply in May.

Foreclosure activity improved in June with foreclosure starts falling 3.3 percent and foreclosure sales falling by 6.4 percent. Compared to a year ago, foreclosure starts and sales were mixed with starts up 0.3 percent and foreclosure sales down 11.7 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 11.4 million at the end of the 1st quarter of 2012 from a revised 12.1 million at the end of the fourth quarter of 2011.

Tags: August Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 6, 2012 (Chris Moore)

The housing market continued to paint a fragile picture according to the July release of the Obama Administration’s Housing Scorecard as new and existing home sales fell and delinquencies increased while foreclosure activity and home prices improved.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were up across the board in June with the delinquency rate of prime mortgages that were at least 30 days or more delinquent increasing from 3.9 percent in May to 4.1 percent in June. In June of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also worsened as the percentage of delinquent loans climbed to 29.5 percent from 28.8 percent in May but was still down from 32.7 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased, climbing to 12.0 percent in June from 11.8 percent in May. The delinquency rate on FHA loans a year ago was 11.5 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, declined in June with 1.375 million loans in trouble, down from 1.381 million in May and down from 1.500 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.595 million in June, down from 1.599 million in May. In June of last year, 1.697 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 721,000 in June, up from 713,000 in May, and were substantially higher than the 585,000 delinquent loans in June 2011.

HOPE NOW proprietary loan modifications increased in May, growing to about 45,100 modifications from around 43,000 modifications in May. HARP refinances skyrocketed from 49,500 in April to 67,500 in May.

Loan originations for home purchases increased 6.7 percent from the first quarter of 2012 to the second quarter but were 9.0 percent lower than last year while refinance originations were up 1.1 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices through the end of May showed continuing improvement with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from April to May.

Sales of new homes fell by a seasonally adjusted 8.2 percent from May to June while sales of existing homes fell by 5.4 percent.

Distressed property sales accounted for 24 percent of all re-sales in May, down from a revised 26 percent in March and down from 29 percent the previous year.

The inventory of existing homes fell slightly from the previous month with a 6.6 months supply of homes available for purchase. New home inventory increased to a 4.9 months supply of inventory, up from a revised 4.5 months supply in May.

Foreclosure activity improved in June with foreclosure starts falling 3.3 percent and foreclosure sales falling by 6.4 percent. Compared to a year ago, foreclosure starts and sales were mixed with starts up 0.3 percent and foreclosure sales down 11.7 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 11.4 million at the end of the 1st quarter of 2012 from a revised 12.1 million at the end of the fourth quarter of 2011.

Tags: August Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 6, 2012 (Chris Moore)

The housing market continued to paint a fragile picture according to the July release of the Obama Administration’s Housing Scorecard as new and existing home sales fell and delinquencies increased while foreclosure activity and home prices improved.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were up across the board in June with the delinquency rate of prime mortgages that were at least 30 days or more delinquent increasing from 3.9 percent in May to 4.1 percent in June. In June of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also worsened as the percentage of delinquent loans climbed to 29.5 percent from 28.8 percent in May but was still down from 32.7 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased, climbing to 12.0 percent in June from 11.8 percent in May. The delinquency rate on FHA loans a year ago was 11.5 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, declined in June with 1.375 million loans in trouble, down from 1.381 million in May and down from 1.500 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.595 million in June, down from 1.599 million in May. In June of last year, 1.697 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 721,000 in June, up from 713,000 in May, and were substantially higher than the 585,000 delinquent loans in June 2011.

HOPE NOW proprietary loan modifications increased in May, growing to about 45,100 modifications from around 43,000 modifications in May. HARP refinances skyrocketed from 49,500 in April to 67,500 in May.

Loan originations for home purchases increased 6.7 percent from the first quarter of 2012 to the second quarter but were 9.0 percent lower than last year while refinance originations were up 1.1 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices through the end of May showed continuing improvement with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from April to May.

Sales of new homes fell by a seasonally adjusted 8.2 percent from May to June while sales of existing homes fell by 5.4 percent.

Distressed property sales accounted for 24 percent of all re-sales in May, down from a revised 26 percent in March and down from 29 percent the previous year.

The inventory of existing homes fell slightly from the previous month with a 6.6 months supply of homes available for purchase. New home inventory increased to a 4.9 months supply of inventory, up from a revised 4.5 months supply in May.

Foreclosure activity improved in June with foreclosure starts falling 3.3 percent and foreclosure sales falling by 6.4 percent. Compared to a year ago, foreclosure starts and sales were mixed with starts up 0.3 percent and foreclosure sales down 11.7 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 11.4 million at the end of the 1st quarter of 2012 from a revised 12.1 million at the end of the fourth quarter of 2011.

Tags: August Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS