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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.
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.
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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.
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Default Rates on Mortgages Continue to Fall
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
Default Rates on Mortgages Continue to Fall
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
Default Rates on Mortgages Continue to Fall

May 18, 2012 (Jeff Alan)

Default rates on first and second mortgages declined for a fourth consecutive month in April, helping to push the S&P/Experian Consumer Credit Default Indices national composite from 1.96 percent in March to 1.86 percent in April.

First mortgage default rates fell from 1.88 percent in March to 1.76 percent in April. It was the fourth consecutive month that first mortgage default rates have declined. Default rates on second mortgages also declined last month, falling from 1.03 percent in March to 0.93 percent in April.

Mortgage default rates have been steadily declining since 2009 when second mortgage default rates peaked at 4.66 percent in April of that year, followed several months later by first mortgage defaults which peaked at 5.67 percent in August of the same year.

A year ago, the default rate on first mortgages was 2.16 percent, and for second mortgages, the default rate was 1.51 percent.

Default rates on bank cards also declined, falling from 4.49 percent in March to 4.47 percent in April, while default rates on auto loans reversed course from last month, increasing from 1.07 percent in March to 1.11 percent in April.

David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Indices, stated, “April data show the continuation of the positive trend we saw in the first quarter of 2012. Not only have we continued the general downward trend in consumer default rates that began in the spring of 2009, but we appear to be reaching new lows across many of the loan types. The first four months of 2012 show broad based declines in default rates with first and second mortgage, auto and composite default rates all reaching new post-recession lows.”

Four of the five Metropolitan Statistical Areas (MSAs) saw default rates decline in the monthly Indices with Miami posting the largest decline in default rates for the second consecutive month, falling 0.48 percentage points to 3.14 percent in April from 3.62 percent in March. In April 2011, the default rate in Miami was 5.33 percent.

New York posted the second largest decline, falling 0.23 percentage points to 1.78 percent in April from 2.01 percent in March. A year ago the default rate in New York was 2.26 percent.

The default rate in Dallas declined by 0.19 percentage points to 1.25 percent in April from 1.44 percent in March and was also down from a year earlier when the default rate stood at 1.65 percent.

The smallest decline in default rates was recorded in Chicago, which fell 0.14 percentage points to 2.21 percent from 2.35 percent in March. In April 2011, the default rate in Chicago was 2.63 percent.

Los Angeles’ default rate was unchanged from March at 1.88 percent. A year ago, the default rate in Dallas was 2.73 percent.

Tags: S&P, Experian, Consumer Credit Default Indices, mortgage default rates, auto loan default rates, bank card default rates

Source:
S&P/Experian

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

May 18, 2012 (Jeff Alan)

Default rates on first and second mortgages declined for a fourth consecutive month in April, helping to push the S&P/Experian Consumer Credit Default Indices national composite from 1.96 percent in March to 1.86 percent in April.

First mortgage default rates fell from 1.88 percent in March to 1.76 percent in April. It was the fourth consecutive month that first mortgage default rates have declined. Default rates on second mortgages also declined last month, falling from 1.03 percent in March to 0.93 percent in April.

Mortgage default rates have been steadily declining since 2009 when second mortgage default rates peaked at 4.66 percent in April of that year, followed several months later by first mortgage defaults which peaked at 5.67 percent in August of the same year.

A year ago, the default rate on first mortgages was 2.16 percent, and for second mortgages, the default rate was 1.51 percent.

Default rates on bank cards also declined, falling from 4.49 percent in March to 4.47 percent in April, while default rates on auto loans reversed course from last month, increasing from 1.07 percent in March to 1.11 percent in April.

David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Indices, stated, “April data show the continuation of the positive trend we saw in the first quarter of 2012. Not only have we continued the general downward trend in consumer default rates that began in the spring of 2009, but we appear to be reaching new lows across many of the loan types. The first four months of 2012 show broad based declines in default rates with first and second mortgage, auto and composite default rates all reaching new post-recession lows.”

Four of the five Metropolitan Statistical Areas (MSAs) saw default rates decline in the monthly Indices with Miami posting the largest decline in default rates for the second consecutive month, falling 0.48 percentage points to 3.14 percent in April from 3.62 percent in March. In April 2011, the default rate in Miami was 5.33 percent.

New York posted the second largest decline, falling 0.23 percentage points to 1.78 percent in April from 2.01 percent in March. A year ago the default rate in New York was 2.26 percent.

The default rate in Dallas declined by 0.19 percentage points to 1.25 percent in April from 1.44 percent in March and was also down from a year earlier when the default rate stood at 1.65 percent.

The smallest decline in default rates was recorded in Chicago, which fell 0.14 percentage points to 2.21 percent from 2.35 percent in March. In April 2011, the default rate in Chicago was 2.63 percent.

Los Angeles’ default rate was unchanged from March at 1.88 percent. A year ago, the default rate in Dallas was 2.73 percent.

Tags: S&P, Experian, Consumer Credit Default Indices, mortgage default rates, auto loan default rates, bank card default rates

Source:
S&P/Experian

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

May 18, 2012 (Jeff Alan)

Default rates on first and second mortgages declined for a fourth consecutive month in April, helping to push the S&P/Experian Consumer Credit Default Indices national composite from 1.96 percent in March to 1.86 percent in April.

First mortgage default rates fell from 1.88 percent in March to 1.76 percent in April. It was the fourth consecutive month that first mortgage default rates have declined. Default rates on second mortgages also declined last month, falling from 1.03 percent in March to 0.93 percent in April.

Mortgage default rates have been steadily declining since 2009 when second mortgage default rates peaked at 4.66 percent in April of that year, followed several months later by first mortgage defaults which peaked at 5.67 percent in August of the same year.

A year ago, the default rate on first mortgages was 2.16 percent, and for second mortgages, the default rate was 1.51 percent.

Default rates on bank cards also declined, falling from 4.49 percent in March to 4.47 percent in April, while default rates on auto loans reversed course from last month, increasing from 1.07 percent in March to 1.11 percent in April.

David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Indices, stated, “April data show the continuation of the positive trend we saw in the first quarter of 2012. Not only have we continued the general downward trend in consumer default rates that began in the spring of 2009, but we appear to be reaching new lows across many of the loan types. The first four months of 2012 show broad based declines in default rates with first and second mortgage, auto and composite default rates all reaching new post-recession lows.”

Four of the five Metropolitan Statistical Areas (MSAs) saw default rates decline in the monthly Indices with Miami posting the largest decline in default rates for the second consecutive month, falling 0.48 percentage points to 3.14 percent in April from 3.62 percent in March. In April 2011, the default rate in Miami was 5.33 percent.

New York posted the second largest decline, falling 0.23 percentage points to 1.78 percent in April from 2.01 percent in March. A year ago the default rate in New York was 2.26 percent.

The default rate in Dallas declined by 0.19 percentage points to 1.25 percent in April from 1.44 percent in March and was also down from a year earlier when the default rate stood at 1.65 percent.

The smallest decline in default rates was recorded in Chicago, which fell 0.14 percentage points to 2.21 percent from 2.35 percent in March. In April 2011, the default rate in Chicago was 2.63 percent.

Los Angeles’ default rate was unchanged from March at 1.88 percent. A year ago, the default rate in Dallas was 2.73 percent.

Tags: S&P, Experian, Consumer Credit Default Indices, mortgage default rates, auto loan default rates, bank card default rates

Source:
S&P/Experian

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