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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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Loan Modifications Slow But Loan Performance is Improving
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 Slow But Loan Performance is Improving
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 Slow But Loan Performance is Improving

 June 7, 2011 (Jeff Alan)

Loan modifications made by Fannie Mae and Freddie Mac declined for the third consecutive quarter as more homeowners who receive a loan modification are seeing a deeper payment reduction which is leading to improved loan performance according to the Federal Housing Finance Agency’s (FHFA) First Quarter Foreclosure Preventions and Refinance Report.

Since entering conservatorship in the fourth quarter of 2008, Freddie Mac and Fannie Mae have now completed more than 1.6 million foreclosure prevention actions.

FHFA reports that the total amount of completed foreclosure actions in the first quarter of 2011 was 171,531, which was a decline from 208,416 recorded in the previous quarter, which FHFA cited was primarily due to a decrease in loan modifications and repayment plans.

The amount of completed loan modifications dropped to 86,201 in the first quarter of 2011, which was down from 119,779 in the previous quarter.

Loan modifications made in 2010 continued to perform better than the loans that had been modified in earlier periods with FHFA citing two reasons; Loan modifications made in 2010 had deeper payment reductions for a larger proportion of the borrowers and the majority of the loan modifications in 2010 required the borrowers to successfully complete a trial period before being granted a permanent loan modification.

The cumulative total of Home Affordable Modification Program (HAMP) permanent loan modifications has now reached nearly 320,500 at the end of the first quarter. This is an increase of 13 percent from the fourth quarter of 2010.

More than 36,300 HAMP trials transitioned to permanent modifications with nearly 64,000 borrowers in a HAMP trial period at the end of the first quarter.

HAMP allows a borrower’s payment to be modified through an interest rate reduction, a term extension, or a principal forbearance.

The government’s Home Affordable Refinance Program (HARP) continued to show improvement as 130,204 borrowers refinanced their loans in the first quarter through HARP, bringing the cumulative total of refinancings to approximately 752,000 by the end of the quarter, an increase of 21 percent from the fourth quarter of 2010.

HARP is designed to assist homeowners in refinancing their mortgages, even if they owe more than the home’s current value.

Freddie Mac and Fannie Mae continue to maintain delinquency rates below industry standards with FHFA reporting that loan performance continues to improve in early stage and serious delinquency rates with declines in both areas reported in the first quarter of 2011.

You can read the entire report (24 pages) and get the latest statistics on FHFA’s website.

Tags: Freddie Mac, Fannie Mae, FHFA, foreclosure preventions, refinance HAMP, HARP, loan modifications, repayment plans, interest rate reduction, term extension, principal forbearance

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

 June 7, 2011 (Jeff Alan)

Loan modifications made by Fannie Mae and Freddie Mac declined for the third consecutive quarter as more homeowners who receive a loan modification are seeing a deeper payment reduction which is leading to improved loan performance according to the Federal Housing Finance Agency’s (FHFA) First Quarter Foreclosure Preventions and Refinance Report.

Since entering conservatorship in the fourth quarter of 2008, Freddie Mac and Fannie Mae have now completed more than 1.6 million foreclosure prevention actions.

FHFA reports that the total amount of completed foreclosure actions in the first quarter of 2011 was 171,531, which was a decline from 208,416 recorded in the previous quarter, which FHFA cited was primarily due to a decrease in loan modifications and repayment plans.

The amount of completed loan modifications dropped to 86,201 in the first quarter of 2011, which was down from 119,779 in the previous quarter.

Loan modifications made in 2010 continued to perform better than the loans that had been modified in earlier periods with FHFA citing two reasons; Loan modifications made in 2010 had deeper payment reductions for a larger proportion of the borrowers and the majority of the loan modifications in 2010 required the borrowers to successfully complete a trial period before being granted a permanent loan modification.

The cumulative total of Home Affordable Modification Program (HAMP) permanent loan modifications has now reached nearly 320,500 at the end of the first quarter. This is an increase of 13 percent from the fourth quarter of 2010.

More than 36,300 HAMP trials transitioned to permanent modifications with nearly 64,000 borrowers in a HAMP trial period at the end of the first quarter.

HAMP allows a borrower’s payment to be modified through an interest rate reduction, a term extension, or a principal forbearance.

The government’s Home Affordable Refinance Program (HARP) continued to show improvement as 130,204 borrowers refinanced their loans in the first quarter through HARP, bringing the cumulative total of refinancings to approximately 752,000 by the end of the quarter, an increase of 21 percent from the fourth quarter of 2010.

HARP is designed to assist homeowners in refinancing their mortgages, even if they owe more than the home’s current value.

Freddie Mac and Fannie Mae continue to maintain delinquency rates below industry standards with FHFA reporting that loan performance continues to improve in early stage and serious delinquency rates with declines in both areas reported in the first quarter of 2011.

You can read the entire report (24 pages) and get the latest statistics on FHFA’s website.

Tags: Freddie Mac, Fannie Mae, FHFA, foreclosure preventions, refinance HAMP, HARP, loan modifications, repayment plans, interest rate reduction, term extension, principal forbearance

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

 June 7, 2011 (Jeff Alan)

Loan modifications made by Fannie Mae and Freddie Mac declined for the third consecutive quarter as more homeowners who receive a loan modification are seeing a deeper payment reduction which is leading to improved loan performance according to the Federal Housing Finance Agency’s (FHFA) First Quarter Foreclosure Preventions and Refinance Report.

Since entering conservatorship in the fourth quarter of 2008, Freddie Mac and Fannie Mae have now completed more than 1.6 million foreclosure prevention actions.

FHFA reports that the total amount of completed foreclosure actions in the first quarter of 2011 was 171,531, which was a decline from 208,416 recorded in the previous quarter, which FHFA cited was primarily due to a decrease in loan modifications and repayment plans.

The amount of completed loan modifications dropped to 86,201 in the first quarter of 2011, which was down from 119,779 in the previous quarter.

Loan modifications made in 2010 continued to perform better than the loans that had been modified in earlier periods with FHFA citing two reasons; Loan modifications made in 2010 had deeper payment reductions for a larger proportion of the borrowers and the majority of the loan modifications in 2010 required the borrowers to successfully complete a trial period before being granted a permanent loan modification.

The cumulative total of Home Affordable Modification Program (HAMP) permanent loan modifications has now reached nearly 320,500 at the end of the first quarter. This is an increase of 13 percent from the fourth quarter of 2010.

More than 36,300 HAMP trials transitioned to permanent modifications with nearly 64,000 borrowers in a HAMP trial period at the end of the first quarter.

HAMP allows a borrower’s payment to be modified through an interest rate reduction, a term extension, or a principal forbearance.

The government’s Home Affordable Refinance Program (HARP) continued to show improvement as 130,204 borrowers refinanced their loans in the first quarter through HARP, bringing the cumulative total of refinancings to approximately 752,000 by the end of the quarter, an increase of 21 percent from the fourth quarter of 2010.

HARP is designed to assist homeowners in refinancing their mortgages, even if they owe more than the home’s current value.

Freddie Mac and Fannie Mae continue to maintain delinquency rates below industry standards with FHFA reporting that loan performance continues to improve in early stage and serious delinquency rates with declines in both areas reported in the first quarter of 2011.

You can read the entire report (24 pages) and get the latest statistics on FHFA’s website.

Tags: Freddie Mac, Fannie Mae, FHFA, foreclosure preventions, refinance HAMP, HARP, loan modifications, repayment plans, interest rate reduction, term extension, principal forbearance

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