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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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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Foreclosure Inventory at an All-Time High
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Foreclosure Inventory at an All-Time High
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
Foreclosure Inventory at an All-Time High

May 3, 2011 (Chris Moore)

Foreclosure inventory stood at an all-time high at the end of March according the March Mortgage Monitor released by Lender Processing Services (LPS). At 2.2 million properties, foreclosure inventories are 8 times historic norms. Delinquencies continued to decline to the lowest levels since 2008.

The report also shows that foreclosure starts increased by 33 percent since the end of February to 270,681. That was the largest amount of foreclosure starts since the beginning of the foreclosure moratorium following the “robo-signing” controversy. Foreclosure sales increased significantly, also reaching levels prior to the “robo-signing” controversy, which suggests that the slowdown in foreclosure activity due to the moratorium may be passing.

Delinquencies declined in March to the lowest level since 2008, dropping more than 11 percent compared to February, and down nearly 20 percent since March of 2010.

Early-stage delinquencies led the decline as 30-day and 60-day delinquent inventories are approaching pre-housing crisis levels. The report notes however, that March is historically the month with the largest delinquency declines.

The reduction in refinance activity led to a decline in mortgage originations as rising interest rates and tighter credit requirement means that a majority of homeowners who were eligible to refinance may have already done so.

Other key results from LPS’s Mortgage Monitor report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.78% compared to 8.80% in February 2011

Month-over-month change in delinquency rate: -11.6% compared to -1.2% in February 2011

Year-over-year change in delinquency rate: -19.4% compared to -18.4% in February 2011

Total U.S foreclosure pre-sale inventory rate: 4.21% compared to 4.15% in February

Month-over-month change in foreclosure presale inventory rate: 1.4% compared to -0.2% in February 2011

Year-over-year change in foreclosure presale inventory rate: 11.0% compared to 7.4% in February 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,111,000 compared to 4,659,000 in February 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 21,989,000 compared to 2,165,000 in February 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,222,000 compared to 2,196,000 in February 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,333,000 compared to 6,856,000 in February 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, GA (FL, NV, MS, NJ, GA in February 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in February 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

You can read LPS’ full report on their website.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans, foreclosure starts, delinquencies, robo-signing controversy, Mortgage Monitor report

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.
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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 3, 2011 (Chris Moore)

Foreclosure inventory stood at an all-time high at the end of March according the March Mortgage Monitor released by Lender Processing Services (LPS). At 2.2 million properties, foreclosure inventories are 8 times historic norms. Delinquencies continued to decline to the lowest levels since 2008.

The report also shows that foreclosure starts increased by 33 percent since the end of February to 270,681. That was the largest amount of foreclosure starts since the beginning of the foreclosure moratorium following the “robo-signing” controversy. Foreclosure sales increased significantly, also reaching levels prior to the “robo-signing” controversy, which suggests that the slowdown in foreclosure activity due to the moratorium may be passing.

Delinquencies declined in March to the lowest level since 2008, dropping more than 11 percent compared to February, and down nearly 20 percent since March of 2010.

Early-stage delinquencies led the decline as 30-day and 60-day delinquent inventories are approaching pre-housing crisis levels. The report notes however, that March is historically the month with the largest delinquency declines.

The reduction in refinance activity led to a decline in mortgage originations as rising interest rates and tighter credit requirement means that a majority of homeowners who were eligible to refinance may have already done so.

Other key results from LPS’s Mortgage Monitor report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.78% compared to 8.80% in February 2011

Month-over-month change in delinquency rate: -11.6% compared to -1.2% in February 2011

Year-over-year change in delinquency rate: -19.4% compared to -18.4% in February 2011

Total U.S foreclosure pre-sale inventory rate: 4.21% compared to 4.15% in February

Month-over-month change in foreclosure presale inventory rate: 1.4% compared to -0.2% in February 2011

Year-over-year change in foreclosure presale inventory rate: 11.0% compared to 7.4% in February 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,111,000 compared to 4,659,000 in February 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 21,989,000 compared to 2,165,000 in February 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,222,000 compared to 2,196,000 in February 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,333,000 compared to 6,856,000 in February 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, GA (FL, NV, MS, NJ, GA in February 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in February 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

You can read LPS’ full report on their website.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans, foreclosure starts, delinquencies, robo-signing controversy, Mortgage Monitor report

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 3, 2011 (Chris Moore)

Foreclosure inventory stood at an all-time high at the end of March according the March Mortgage Monitor released by Lender Processing Services (LPS). At 2.2 million properties, foreclosure inventories are 8 times historic norms. Delinquencies continued to decline to the lowest levels since 2008.

The report also shows that foreclosure starts increased by 33 percent since the end of February to 270,681. That was the largest amount of foreclosure starts since the beginning of the foreclosure moratorium following the “robo-signing” controversy. Foreclosure sales increased significantly, also reaching levels prior to the “robo-signing” controversy, which suggests that the slowdown in foreclosure activity due to the moratorium may be passing.

Delinquencies declined in March to the lowest level since 2008, dropping more than 11 percent compared to February, and down nearly 20 percent since March of 2010.

Early-stage delinquencies led the decline as 30-day and 60-day delinquent inventories are approaching pre-housing crisis levels. The report notes however, that March is historically the month with the largest delinquency declines.

The reduction in refinance activity led to a decline in mortgage originations as rising interest rates and tighter credit requirement means that a majority of homeowners who were eligible to refinance may have already done so.

Other key results from LPS’s Mortgage Monitor report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.78% compared to 8.80% in February 2011

Month-over-month change in delinquency rate: -11.6% compared to -1.2% in February 2011

Year-over-year change in delinquency rate: -19.4% compared to -18.4% in February 2011

Total U.S foreclosure pre-sale inventory rate: 4.21% compared to 4.15% in February

Month-over-month change in foreclosure presale inventory rate: 1.4% compared to -0.2% in February 2011

Year-over-year change in foreclosure presale inventory rate: 11.0% compared to 7.4% in February 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,111,000 compared to 4,659,000 in February 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 21,989,000 compared to 2,165,000 in February 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,222,000 compared to 2,196,000 in February 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,333,000 compared to 6,856,000 in February 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, GA (FL, NV, MS, NJ, GA in February 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in February 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

You can read LPS’ full report on their website.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans, foreclosure starts, delinquencies, robo-signing controversy, Mortgage Monitor report

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