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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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Loan Modifications Decline in February According to HOPE NOW
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
Loan Modifications Decline in February According to HOPE NOW
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
Loan Modifications Decline in February According to HOPE NOW

April 8, 2011 (Shirley Allen)
mortgage-hopenow-image
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification report, which shows approximately 61,000 proprietary loan modifications and 26,147 Home Affordable Modification Program (HAMP) modifications were completed, for an estimated total of 87,000 completed modifications. The total completed modifications were down from 100,000 in January of 2011.

Approximately 49,000 of the proprietary modifications included reduced monthly principal and interest payments, with 36,000 of those by being reduced by more than 10 percent.

Fixed rate loan modifications of 5 years or more dominated the choices available to borrowers with 81 percent (49,000) of all proprietary modifications completed choosing the fixed rate mortgage loan option.

Additionally, the report said there were 180,000 foreclosure starts for the month of February, down from the 204,000 reported in January 2011. The number of foreclosure sales for the month was approximately 73,000, which was virtually unchanged from the month before.

Faith Schwartz, Executive Director, stated, “Despite the numerous issues surrounding the loan servicing industry which have caused some delays in process, servicers and non-profit housing counselors continue to make progress in reaching at-risk homeowners, counseling at-risk homeowners, and offering alternatives to families facing foreclosure.”

The report also revealed that 60+ days delinquencies for the month were 2.78 million, down from 2.95 million in January 2011.

“While we have seen a decline in overall modifications, we are pleased to see the serious delinquencies once again declined in the month of February, consistent with a trend we have seen in earlier months,” added Schwartz.

Tags: HOPE NOW, mortgage servicers, investors, loan modifications, HAMP, principal and interest payments, foreclosure starts, foreclosure sales, at-risk homeowners

Sources:
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.
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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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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.
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April 8, 2011 (Shirley Allen)
mortgage-hopenow-image
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification report, which shows approximately 61,000 proprietary loan modifications and 26,147 Home Affordable Modification Program (HAMP) modifications were completed, for an estimated total of 87,000 completed modifications. The total completed modifications were down from 100,000 in January of 2011.

Approximately 49,000 of the proprietary modifications included reduced monthly principal and interest payments, with 36,000 of those by being reduced by more than 10 percent.

Fixed rate loan modifications of 5 years or more dominated the choices available to borrowers with 81 percent (49,000) of all proprietary modifications completed choosing the fixed rate mortgage loan option.

Additionally, the report said there were 180,000 foreclosure starts for the month of February, down from the 204,000 reported in January 2011. The number of foreclosure sales for the month was approximately 73,000, which was virtually unchanged from the month before.

Faith Schwartz, Executive Director, stated, “Despite the numerous issues surrounding the loan servicing industry which have caused some delays in process, servicers and non-profit housing counselors continue to make progress in reaching at-risk homeowners, counseling at-risk homeowners, and offering alternatives to families facing foreclosure.”

The report also revealed that 60+ days delinquencies for the month were 2.78 million, down from 2.95 million in January 2011.

“While we have seen a decline in overall modifications, we are pleased to see the serious delinquencies once again declined in the month of February, consistent with a trend we have seen in earlier months,” added Schwartz.

Tags: HOPE NOW, mortgage servicers, investors, loan modifications, HAMP, principal and interest payments, foreclosure starts, foreclosure sales, at-risk homeowners

Sources:
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

April 8, 2011 (Shirley Allen)
mortgage-hopenow-image
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification report, which shows approximately 61,000 proprietary loan modifications and 26,147 Home Affordable Modification Program (HAMP) modifications were completed, for an estimated total of 87,000 completed modifications. The total completed modifications were down from 100,000 in January of 2011.

Approximately 49,000 of the proprietary modifications included reduced monthly principal and interest payments, with 36,000 of those by being reduced by more than 10 percent.

Fixed rate loan modifications of 5 years or more dominated the choices available to borrowers with 81 percent (49,000) of all proprietary modifications completed choosing the fixed rate mortgage loan option.

Additionally, the report said there were 180,000 foreclosure starts for the month of February, down from the 204,000 reported in January 2011. The number of foreclosure sales for the month was approximately 73,000, which was virtually unchanged from the month before.

Faith Schwartz, Executive Director, stated, “Despite the numerous issues surrounding the loan servicing industry which have caused some delays in process, servicers and non-profit housing counselors continue to make progress in reaching at-risk homeowners, counseling at-risk homeowners, and offering alternatives to families facing foreclosure.”

The report also revealed that 60+ days delinquencies for the month were 2.78 million, down from 2.95 million in January 2011.

“While we have seen a decline in overall modifications, we are pleased to see the serious delinquencies once again declined in the month of February, consistent with a trend we have seen in earlier months,” added Schwartz.

Tags: HOPE NOW, mortgage servicers, investors, loan modifications, HAMP, principal and interest payments, foreclosure starts, foreclosure sales, at-risk homeowners

Sources:
HOPE NOW

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