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Loan Modifications Fall Slightly in December
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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.
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Loan Modifications Fall Slightly in December
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 Fall Slightly in December

The nation’s mortgage lenders completed fewer loan modifications in December than in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 43,569 homeowners received permanent loan modifications in December, down 1.7 percent from the 44,320 loan modifications completed in November.

The number of completed proprietary loan modifications fell from 31,324 in November to 30,025 in December, a decline of 4.1 percent, while the number of loan modifications made under the federal government’s Home Affordable Modification Program (HAMP) increased from 12,996 in November to 13,544 in December.

Of the proprietary loan modifications completed in December, seventy-three percent (21,862) included reduced monthly principal and interest payments, with sixty-six percent (19,943) receiving a reduction of more than ten percent. In addition, ninety-four percent (28,170) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales declined from 41,295 in November to 38,740 in December, a decrease of 6.2 percent.

Monthly foreclosure starts also declined from November to December, falling from 84,238 starts in November to 79,563 in December, a decrease of 5.5 percent.

Short sales posted a slight increase from the previous month as a total of 14,848 short sales were completed in December compared to 14,783 in November.

The average number of homeowners that were at least 60 days or more past due over the previous three months increased from 2.025 million loans in November to 2.031 million in December.

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.
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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.
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The nation’s mortgage lenders completed fewer loan modifications in December than in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 43,569 homeowners received permanent loan modifications in December, down 1.7 percent from the 44,320 loan modifications completed in November.

The number of completed proprietary loan modifications fell from 31,324 in November to 30,025 in December, a decline of 4.1 percent, while the number of loan modifications made under the federal government’s Home Affordable Modification Program (HAMP) increased from 12,996 in November to 13,544 in December.

Of the proprietary loan modifications completed in December, seventy-three percent (21,862) included reduced monthly principal and interest payments, with sixty-six percent (19,943) receiving a reduction of more than ten percent. In addition, ninety-four percent (28,170) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales declined from 41,295 in November to 38,740 in December, a decrease of 6.2 percent.

Monthly foreclosure starts also declined from November to December, falling from 84,238 starts in November to 79,563 in December, a decrease of 5.5 percent.

Short sales posted a slight increase from the previous month as a total of 14,848 short sales were completed in December compared to 14,783 in November.

The average number of homeowners that were at least 60 days or more past due over the previous three months increased from 2.025 million loans in November to 2.031 million in December.

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 nation’s mortgage lenders completed fewer loan modifications in December than in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 43,569 homeowners received permanent loan modifications in December, down 1.7 percent from the 44,320 loan modifications completed in November.

The number of completed proprietary loan modifications fell from 31,324 in November to 30,025 in December, a decline of 4.1 percent, while the number of loan modifications made under the federal government’s Home Affordable Modification Program (HAMP) increased from 12,996 in November to 13,544 in December.

Of the proprietary loan modifications completed in December, seventy-three percent (21,862) included reduced monthly principal and interest payments, with sixty-six percent (19,943) receiving a reduction of more than ten percent. In addition, ninety-four percent (28,170) of the loan modifications received fixed interest rate loans of five years or more.

Completed foreclosure sales declined from 41,295 in November to 38,740 in December, a decrease of 6.2 percent.

Monthly foreclosure starts also declined from November to December, falling from 84,238 starts in November to 79,563 in December, a decrease of 5.5 percent.

Short sales posted a slight increase from the previous month as a total of 14,848 short sales were completed in December compared to 14,783 in November.

The average number of homeowners that were at least 60 days or more past due over the previous three months increased from 2.025 million loans in November to 2.031 million in December.

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