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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
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Housing Scorecard: Signs of Strengthening
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
Housing Scorecard: Signs of Strengthening
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
Housing Scorecard: Signs of Strengthening

October 17, 2012 (Chris Moore)

The housing market continued to show gradual signs of improvement during July and August according to the September release of the Obama Administration’s Housing Scorecard as home prices continued to strengthen along with existing home sales and overall loan performance.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages fell across the board in August with the delinquency rate of prime mortgages that were at least 30 days or more delinquent decreasing from 4.0 percent in July to 3.8 percent in August. In August of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also improved as the percentage of delinquent loans fell to 29.0 percent from 29.1 percent in July and was down from 32.0 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) also fell, declining to 11.7 percent in August from 11.9 percent in July. The delinquency rate on FHA loans a year ago was 12.1 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 1.311 million loans in August, down from 1.335 million in July and down from 1.457 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.560 million in August, down from 1.585 million in July. In August of last year, 1.728 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 728,000 in August, up from 726,000 in July, and were 19.0 percent higher than the 612,000 delinquent loans in August 2011.

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 11.0 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices continued to improve with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains in both July and the previous year.

Sales of new homes fell by a seasonally adjusted 0.3 percent from July to August, while sales of existing homes improved by 7.8 percent.

Distressed property sales accounted for 22 percent of all re-sales in July, down from a revised 23 percent in June and down from 26 percent the previous year.

The inventory of existing homes listed for sell increased by 2.9 percent but the number of months supply fell slightly from the previous month with a 6.1 months supply of homes available for purchase. New home inventory remained unchanged with a 4.5 months supply of homes for sale.

Foreclosure activity was mixed in August with foreclosure starts increasing 1.2 percent and foreclosure sales falling by 2.4 percent. Compared to a year ago, foreclosure starts and sales were both down with starts down 13.2 percent and foreclosure sales down 19.1 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 10.8 million at the end of the 2nd quarter of 2012 from a revised 11.4 million at the end of the first quarter.

Tags: September 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

October 17, 2012 (Chris Moore)

The housing market continued to show gradual signs of improvement during July and August according to the September release of the Obama Administration’s Housing Scorecard as home prices continued to strengthen along with existing home sales and overall loan performance.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages fell across the board in August with the delinquency rate of prime mortgages that were at least 30 days or more delinquent decreasing from 4.0 percent in July to 3.8 percent in August. In August of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also improved as the percentage of delinquent loans fell to 29.0 percent from 29.1 percent in July and was down from 32.0 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) also fell, declining to 11.7 percent in August from 11.9 percent in July. The delinquency rate on FHA loans a year ago was 12.1 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 1.311 million loans in August, down from 1.335 million in July and down from 1.457 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.560 million in August, down from 1.585 million in July. In August of last year, 1.728 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 728,000 in August, up from 726,000 in July, and were 19.0 percent higher than the 612,000 delinquent loans in August 2011.

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 11.0 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices continued to improve with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains in both July and the previous year.

Sales of new homes fell by a seasonally adjusted 0.3 percent from July to August, while sales of existing homes improved by 7.8 percent.

Distressed property sales accounted for 22 percent of all re-sales in July, down from a revised 23 percent in June and down from 26 percent the previous year.

The inventory of existing homes listed for sell increased by 2.9 percent but the number of months supply fell slightly from the previous month with a 6.1 months supply of homes available for purchase. New home inventory remained unchanged with a 4.5 months supply of homes for sale.

Foreclosure activity was mixed in August with foreclosure starts increasing 1.2 percent and foreclosure sales falling by 2.4 percent. Compared to a year ago, foreclosure starts and sales were both down with starts down 13.2 percent and foreclosure sales down 19.1 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 10.8 million at the end of the 2nd quarter of 2012 from a revised 11.4 million at the end of the first quarter.

Tags: September 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

October 17, 2012 (Chris Moore)

The housing market continued to show gradual signs of improvement during July and August according to the September release of the Obama Administration’s Housing Scorecard as home prices continued to strengthen along with existing home sales and overall loan performance.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages fell across the board in August with the delinquency rate of prime mortgages that were at least 30 days or more delinquent decreasing from 4.0 percent in July to 3.8 percent in August. In August of last year, the delinquency rate was 4.4 percent.

Performance of sub-prime mortgages also improved as the percentage of delinquent loans fell to 29.0 percent from 29.1 percent in July and was down from 32.0 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) also fell, declining to 11.7 percent in August from 11.9 percent in July. The delinquency rate on FHA loans a year ago was 12.1 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 1.311 million loans in August, down from 1.335 million in July and down from 1.457 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.560 million in August, down from 1.585 million in July. In August of last year, 1.728 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent increased to 728,000 in August, up from 726,000 in July, and were 19.0 percent higher than the 612,000 delinquent loans in August 2011.

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 11.0 percent from the first to the second quarter and were up 41.8 percent from the second quarter of last year.

Home prices continued to improve with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains in both July and the previous year.

Sales of new homes fell by a seasonally adjusted 0.3 percent from July to August, while sales of existing homes improved by 7.8 percent.

Distressed property sales accounted for 22 percent of all re-sales in July, down from a revised 23 percent in June and down from 26 percent the previous year.

The inventory of existing homes listed for sell increased by 2.9 percent but the number of months supply fell slightly from the previous month with a 6.1 months supply of homes available for purchase. New home inventory remained unchanged with a 4.5 months supply of homes for sale.

Foreclosure activity was mixed in August with foreclosure starts increasing 1.2 percent and foreclosure sales falling by 2.4 percent. Compared to a year ago, foreclosure starts and sales were both down with starts down 13.2 percent and foreclosure sales down 19.1 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 10.8 million at the end of the 2nd quarter of 2012 from a revised 11.4 million at the end of the first quarter.

Tags: September 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