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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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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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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Foreclosure Starts and Sales Decline but Delinquencies Are Up
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
Foreclosure Starts and Sales Decline but Delinquencies Are Up
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 Starts and Sales Decline but Delinquencies Are Up

September 1, 2011 (Shirley Allen)

The number of proprietary loan modifications rebounded in July after a 7.5 percent decline in June according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, foreclosure starts and sales declined and mortgage delinquencies climbed upwards.

The organization reports that 55,687 homeowners received permanent, proprietary loan modifications in July compared to 50,283 in June, an increase of 11 percent. Almost 4.8 million proprietary loan modifications and Home Affordable Modification Program (HAMP) loan modifications have been completed since 2007.

Of the proprietary loan modifications completed, 80 percent (44,413) included reduced monthly principal and interest payments, with 60 percent (33,302) receiving a reduction of more than 10 percent. In addition, 87 percent (44,402) received fixed interest rate loans of five years or more.

The number of loan modifications completed under the federal government’s Home Affordable Modification Program (HAMP) for July had not been reported yet, but based on current trends, about 30,000 modifications were probably completed.

Total proprietary modifications and HAMP modifications for July were about 85,000, exceeding the 81,903 modifications in June.

Monthly foreclosure starts declined in July with 185,076 starts recorded, compared to 194,310 in June, a decline of 5 percent. Completed foreclosure sales dropped from 72,570 in June to 64,578 in July, a decline of 11 percent.

Mortgage delinquencies that are at least 60 days past due increased from 2.75 million properties in June to 2.81 million in July.

July’s data also shows that 80 percent of previous permanent proprietary loan modifications remained less than 90 days past due in the last year. This was the fifth consecutive month that 90 days past due loan performance has remained at that level.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We are happy to see an increase in permanent proprietary loan modifications for the month of July. More encouraging is the significant drop in foreclosure sales and starts, which is directly related to the extraordinary amount of work that is being done to educate at-risk homeowners about their options. Loan modifications continue at a steady rate, and in cases where that option is not possible mortgage servicers and housing counselors have the ability to offer a wide range of other solutions.”

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

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

September 1, 2011 (Shirley Allen)

The number of proprietary loan modifications rebounded in July after a 7.5 percent decline in June according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, foreclosure starts and sales declined and mortgage delinquencies climbed upwards.

The organization reports that 55,687 homeowners received permanent, proprietary loan modifications in July compared to 50,283 in June, an increase of 11 percent. Almost 4.8 million proprietary loan modifications and Home Affordable Modification Program (HAMP) loan modifications have been completed since 2007.

Of the proprietary loan modifications completed, 80 percent (44,413) included reduced monthly principal and interest payments, with 60 percent (33,302) receiving a reduction of more than 10 percent. In addition, 87 percent (44,402) received fixed interest rate loans of five years or more.

The number of loan modifications completed under the federal government’s Home Affordable Modification Program (HAMP) for July had not been reported yet, but based on current trends, about 30,000 modifications were probably completed.

Total proprietary modifications and HAMP modifications for July were about 85,000, exceeding the 81,903 modifications in June.

Monthly foreclosure starts declined in July with 185,076 starts recorded, compared to 194,310 in June, a decline of 5 percent. Completed foreclosure sales dropped from 72,570 in June to 64,578 in July, a decline of 11 percent.

Mortgage delinquencies that are at least 60 days past due increased from 2.75 million properties in June to 2.81 million in July.

July’s data also shows that 80 percent of previous permanent proprietary loan modifications remained less than 90 days past due in the last year. This was the fifth consecutive month that 90 days past due loan performance has remained at that level.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We are happy to see an increase in permanent proprietary loan modifications for the month of July. More encouraging is the significant drop in foreclosure sales and starts, which is directly related to the extraordinary amount of work that is being done to educate at-risk homeowners about their options. Loan modifications continue at a steady rate, and in cases where that option is not possible mortgage servicers and housing counselors have the ability to offer a wide range of other solutions.”

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

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

September 1, 2011 (Shirley Allen)

The number of proprietary loan modifications rebounded in July after a 7.5 percent decline in June according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, foreclosure starts and sales declined and mortgage delinquencies climbed upwards.

The organization reports that 55,687 homeowners received permanent, proprietary loan modifications in July compared to 50,283 in June, an increase of 11 percent. Almost 4.8 million proprietary loan modifications and Home Affordable Modification Program (HAMP) loan modifications have been completed since 2007.

Of the proprietary loan modifications completed, 80 percent (44,413) included reduced monthly principal and interest payments, with 60 percent (33,302) receiving a reduction of more than 10 percent. In addition, 87 percent (44,402) received fixed interest rate loans of five years or more.

The number of loan modifications completed under the federal government’s Home Affordable Modification Program (HAMP) for July had not been reported yet, but based on current trends, about 30,000 modifications were probably completed.

Total proprietary modifications and HAMP modifications for July were about 85,000, exceeding the 81,903 modifications in June.

Monthly foreclosure starts declined in July with 185,076 starts recorded, compared to 194,310 in June, a decline of 5 percent. Completed foreclosure sales dropped from 72,570 in June to 64,578 in July, a decline of 11 percent.

Mortgage delinquencies that are at least 60 days past due increased from 2.75 million properties in June to 2.81 million in July.

July’s data also shows that 80 percent of previous permanent proprietary loan modifications remained less than 90 days past due in the last year. This was the fifth consecutive month that 90 days past due loan performance has remained at that level.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We are happy to see an increase in permanent proprietary loan modifications for the month of July. More encouraging is the significant drop in foreclosure sales and starts, which is directly related to the extraordinary amount of work that is being done to educate at-risk homeowners about their options. Loan modifications continue at a steady rate, and in cases where that option is not possible mortgage servicers and housing counselors have the ability to offer a wide range of other solutions.”

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW