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Loan Modifications Decline in April
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WE VERIFY & TRANSMIT TO LENDERS
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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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Loan Modifications Decline in April
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.
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Loan Modifications Decline in April

The number of proprietary loan modifications fell in April according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure sales posted an increase for the second consecutive month.

Using a three month rolling average, a total of 57,922 homeowners received permanent, proprietary loan modifications in April, down 24.3 percent from the 76,522 loan modifications in March.

Of the proprietary loan modifications completed in April, eighty-three percent (48,349) included reduced monthly principal and interest payments, with 76 percent (43,799) receiving a reduction of more than 10 percent. In addition, ninety-three percent (54,072) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales jumped from 51,551 in March to 58,817 in April, an increase of 14.1 percent.

Meanwhile, monthly foreclosure starts dipped slightly from March to April, the second consecutive month that starts have declined following four months of increases. Foreclosure starts fell just 0.7 percent, declining from 115,582 starts in March to 114,768 in April.

Short sales fell by five percent from the previous month as a total of 26,667 short sales were completed in April compared to 28,085 in March.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.377 million loans in March to 2.166 million in April.

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

Source:
HOPE NOW

Reported by Shirley Allen

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.
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The number of proprietary loan modifications fell in April according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure sales posted an increase for the second consecutive month.

Using a three month rolling average, a total of 57,922 homeowners received permanent, proprietary loan modifications in April, down 24.3 percent from the 76,522 loan modifications in March.

Of the proprietary loan modifications completed in April, eighty-three percent (48,349) included reduced monthly principal and interest payments, with 76 percent (43,799) receiving a reduction of more than 10 percent. In addition, ninety-three percent (54,072) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales jumped from 51,551 in March to 58,817 in April, an increase of 14.1 percent.

Meanwhile, monthly foreclosure starts dipped slightly from March to April, the second consecutive month that starts have declined following four months of increases. Foreclosure starts fell just 0.7 percent, declining from 115,582 starts in March to 114,768 in April.

Short sales fell by five percent from the previous month as a total of 26,667 short sales were completed in April compared to 28,085 in March.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.377 million loans in March to 2.166 million in April.

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

Source:
HOPE NOW

Reported by Shirley Allen

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

The number of proprietary loan modifications fell in April according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure sales posted an increase for the second consecutive month.

Using a three month rolling average, a total of 57,922 homeowners received permanent, proprietary loan modifications in April, down 24.3 percent from the 76,522 loan modifications in March.

Of the proprietary loan modifications completed in April, eighty-three percent (48,349) included reduced monthly principal and interest payments, with 76 percent (43,799) receiving a reduction of more than 10 percent. In addition, ninety-three percent (54,072) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales jumped from 51,551 in March to 58,817 in April, an increase of 14.1 percent.

Meanwhile, monthly foreclosure starts dipped slightly from March to April, the second consecutive month that starts have declined following four months of increases. Foreclosure starts fell just 0.7 percent, declining from 115,582 starts in March to 114,768 in April.

Short sales fell by five percent from the previous month as a total of 26,667 short sales were completed in April compared to 28,085 in March.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.377 million loans in March to 2.166 million in April.

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

Source:
HOPE NOW

Reported by Shirley Allen

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