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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
Foreclosures Up, Loan Modifications Down in 3Q
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
Foreclosures Up, Loan Modifications Down in 3Q
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
Foreclosures Up, Loan Modifications Down in 3Q

December 31, 2010 (Shirley Allen)
arrow-two-directions-image
In a report released by the Treasury Department’s Office of the Comptroller of the Currency and Office of Thrift Supervision, the number of delinquent borrowers who started U.S. home loan modifications declined in the third quarter as fewer people qualified for easier payment terms.

Loan servicers started 470,321 modification or payment plans in the three months ended Sept. 30, down 17 percent from the previous quarter and 32 percent from a year earlier according to Third Quarter Mortgage Metrics Report released on Wednesday.

Additionally, the report revealed that nearly 187,000 homes were lost to foreclosure in the third quarter of 2010, up 14.7 percent from the second quarter and an annual increase of 57.5 percent from the third quarter of 2009. Total foreclosure activity was up 4.5 percent from the previous quarter, with 1.2 million homes in the foreclosure process, reflecting a 10.1 percent annual increase.

Add in the short sales, in which a bank accepts less than a mortgage balance, together with the foreclosures, and the number rose to 244,840 in the third quarter, up 63 percent from a year earlier and 11 percent from the previous three months

At the same time, the overall mortgage picture remains stable, with 87.4 percent of all mortgages current and performing, unchanged from the second quarter and slightly higher than one year ago.

Early stage delinquencies, those 30-59 days past due, increased for the second consecutive quarter, rising by 4.3 percent. However, at 3.2 percent of the total mortgage portfolio, they remain within the range of 2.8-3.4 percent they have occupied since the last quarter of 2008.

Serious mortgage delinquencies, those more than 60 days past due or to bankrupt borrowers, fell by 6.4 percent, to 1.9 million loans, primarily due to these mortgages moving into foreclosure, rather than borrowers becoming current on their loans. This is the third consecutive quarterly decline and its lowest mark in five quarters.

The Treasury Department’s Mortgage Metrics Report examines data on 33.3 million home loans valued at about $6 trillion, representing 64 percent of all first-lien mortgages in the country.

Tags: foreclosures, loan modifications, treasury department, mortgage metrics, payment plans, current mortgages, delinquencies, borrowers, mortgage loans

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.
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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

December 31, 2010 (Shirley Allen)
arrow-two-directions-image
In a report released by the Treasury Department’s Office of the Comptroller of the Currency and Office of Thrift Supervision, the number of delinquent borrowers who started U.S. home loan modifications declined in the third quarter as fewer people qualified for easier payment terms.

Loan servicers started 470,321 modification or payment plans in the three months ended Sept. 30, down 17 percent from the previous quarter and 32 percent from a year earlier according to Third Quarter Mortgage Metrics Report released on Wednesday.

Additionally, the report revealed that nearly 187,000 homes were lost to foreclosure in the third quarter of 2010, up 14.7 percent from the second quarter and an annual increase of 57.5 percent from the third quarter of 2009. Total foreclosure activity was up 4.5 percent from the previous quarter, with 1.2 million homes in the foreclosure process, reflecting a 10.1 percent annual increase.

Add in the short sales, in which a bank accepts less than a mortgage balance, together with the foreclosures, and the number rose to 244,840 in the third quarter, up 63 percent from a year earlier and 11 percent from the previous three months

At the same time, the overall mortgage picture remains stable, with 87.4 percent of all mortgages current and performing, unchanged from the second quarter and slightly higher than one year ago.

Early stage delinquencies, those 30-59 days past due, increased for the second consecutive quarter, rising by 4.3 percent. However, at 3.2 percent of the total mortgage portfolio, they remain within the range of 2.8-3.4 percent they have occupied since the last quarter of 2008.

Serious mortgage delinquencies, those more than 60 days past due or to bankrupt borrowers, fell by 6.4 percent, to 1.9 million loans, primarily due to these mortgages moving into foreclosure, rather than borrowers becoming current on their loans. This is the third consecutive quarterly decline and its lowest mark in five quarters.

The Treasury Department’s Mortgage Metrics Report examines data on 33.3 million home loans valued at about $6 trillion, representing 64 percent of all first-lien mortgages in the country.

Tags: foreclosures, loan modifications, treasury department, mortgage metrics, payment plans, current mortgages, delinquencies, borrowers, mortgage loans

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

December 31, 2010 (Shirley Allen)
arrow-two-directions-image
In a report released by the Treasury Department’s Office of the Comptroller of the Currency and Office of Thrift Supervision, the number of delinquent borrowers who started U.S. home loan modifications declined in the third quarter as fewer people qualified for easier payment terms.

Loan servicers started 470,321 modification or payment plans in the three months ended Sept. 30, down 17 percent from the previous quarter and 32 percent from a year earlier according to Third Quarter Mortgage Metrics Report released on Wednesday.

Additionally, the report revealed that nearly 187,000 homes were lost to foreclosure in the third quarter of 2010, up 14.7 percent from the second quarter and an annual increase of 57.5 percent from the third quarter of 2009. Total foreclosure activity was up 4.5 percent from the previous quarter, with 1.2 million homes in the foreclosure process, reflecting a 10.1 percent annual increase.

Add in the short sales, in which a bank accepts less than a mortgage balance, together with the foreclosures, and the number rose to 244,840 in the third quarter, up 63 percent from a year earlier and 11 percent from the previous three months

At the same time, the overall mortgage picture remains stable, with 87.4 percent of all mortgages current and performing, unchanged from the second quarter and slightly higher than one year ago.

Early stage delinquencies, those 30-59 days past due, increased for the second consecutive quarter, rising by 4.3 percent. However, at 3.2 percent of the total mortgage portfolio, they remain within the range of 2.8-3.4 percent they have occupied since the last quarter of 2008.

Serious mortgage delinquencies, those more than 60 days past due or to bankrupt borrowers, fell by 6.4 percent, to 1.9 million loans, primarily due to these mortgages moving into foreclosure, rather than borrowers becoming current on their loans. This is the third consecutive quarterly decline and its lowest mark in five quarters.

The Treasury Department’s Mortgage Metrics Report examines data on 33.3 million home loans valued at about $6 trillion, representing 64 percent of all first-lien mortgages in the country.

Tags: foreclosures, loan modifications, treasury department, mortgage metrics, payment plans, current mortgages, delinquencies, borrowers, mortgage loans

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