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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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LPS: Foreclosure Inventory Up, But Slowing
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
LPS: Foreclosure Inventory Up, But Slowing
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
LPS: Foreclosure Inventory Up, But Slowing

February 9, 2011 (Shirley Allen)
mortgage-foreclosure-help-image
Lender Processing Services (LPS) released its December Mortgage Monitor report and disclosed that foreclosure activity continues to climb but new foreclosure proceedings declined slightly. Incredibly, nearly 6.9 million homes are now in some stage of delinquency or foreclosure, with foreclosures being 7.8 times historical averages and the total number of delinquent loans nearly twice as high as historical averages.

The number of newly delinquent loans declined during 2010, helping push overall delinquent inventories down 18 percent for the year. The volume of loans moving to real estate-owned (REO) remains extremely low as moratoria and process reviews continue, further pressuring foreclosure inventories which subsequently has now risen for the sixth consecutive month.

Just over 2.1 million loans are 90 days or more delinquent but not yet in foreclosure which will further add to the foreclosure inventory, meanwhile, the 90-days plus delinquency category has declined, the number of loans moving to seriously delinquent status beyond 90 days still far outpaced the number of foreclosure starts.

The report also shows that over one-third of borrowers with loans that are 90 days or more delinquent have not made a payment in over a year. Self-cures for loans one-to-two months delinquent declined slightly in December, and late-stage cures, usually related to modification activity, continue to decline. In December, 259,518 loans were referred to foreclosure, which represents a 0.6 percent month-over-month decline.

As reported earlier in LPS’ First Look release and included in LPS’ latest Mortgage Monitor report:

Total U.S. loan delinquency rate: 8.83 percent
Total U.S. foreclosure inventory rate: 4.15 percent
Total U.S. non-current* loan rate: 12.98 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana

Mortgage loan origination activity continues to increase with new production in November reaching 2010 highs. While FHA originations have declined, the share of agency loans increased, and 95 percent of all new issuance remains government supported.

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry

Tags: lps, foreclosures, delinquent loans, historical averages, reo, foreclosure inventory, borrowers, mortgage loan origination, fha

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

February 9, 2011 (Shirley Allen)
mortgage-foreclosure-help-image
Lender Processing Services (LPS) released its December Mortgage Monitor report and disclosed that foreclosure activity continues to climb but new foreclosure proceedings declined slightly. Incredibly, nearly 6.9 million homes are now in some stage of delinquency or foreclosure, with foreclosures being 7.8 times historical averages and the total number of delinquent loans nearly twice as high as historical averages.

The number of newly delinquent loans declined during 2010, helping push overall delinquent inventories down 18 percent for the year. The volume of loans moving to real estate-owned (REO) remains extremely low as moratoria and process reviews continue, further pressuring foreclosure inventories which subsequently has now risen for the sixth consecutive month.

Just over 2.1 million loans are 90 days or more delinquent but not yet in foreclosure which will further add to the foreclosure inventory, meanwhile, the 90-days plus delinquency category has declined, the number of loans moving to seriously delinquent status beyond 90 days still far outpaced the number of foreclosure starts.

The report also shows that over one-third of borrowers with loans that are 90 days or more delinquent have not made a payment in over a year. Self-cures for loans one-to-two months delinquent declined slightly in December, and late-stage cures, usually related to modification activity, continue to decline. In December, 259,518 loans were referred to foreclosure, which represents a 0.6 percent month-over-month decline.

As reported earlier in LPS’ First Look release and included in LPS’ latest Mortgage Monitor report:

Total U.S. loan delinquency rate: 8.83 percent
Total U.S. foreclosure inventory rate: 4.15 percent
Total U.S. non-current* loan rate: 12.98 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana

Mortgage loan origination activity continues to increase with new production in November reaching 2010 highs. While FHA originations have declined, the share of agency loans increased, and 95 percent of all new issuance remains government supported.

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry

Tags: lps, foreclosures, delinquent loans, historical averages, reo, foreclosure inventory, borrowers, mortgage loan origination, fha

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

February 9, 2011 (Shirley Allen)
mortgage-foreclosure-help-image
Lender Processing Services (LPS) released its December Mortgage Monitor report and disclosed that foreclosure activity continues to climb but new foreclosure proceedings declined slightly. Incredibly, nearly 6.9 million homes are now in some stage of delinquency or foreclosure, with foreclosures being 7.8 times historical averages and the total number of delinquent loans nearly twice as high as historical averages.

The number of newly delinquent loans declined during 2010, helping push overall delinquent inventories down 18 percent for the year. The volume of loans moving to real estate-owned (REO) remains extremely low as moratoria and process reviews continue, further pressuring foreclosure inventories which subsequently has now risen for the sixth consecutive month.

Just over 2.1 million loans are 90 days or more delinquent but not yet in foreclosure which will further add to the foreclosure inventory, meanwhile, the 90-days plus delinquency category has declined, the number of loans moving to seriously delinquent status beyond 90 days still far outpaced the number of foreclosure starts.

The report also shows that over one-third of borrowers with loans that are 90 days or more delinquent have not made a payment in over a year. Self-cures for loans one-to-two months delinquent declined slightly in December, and late-stage cures, usually related to modification activity, continue to decline. In December, 259,518 loans were referred to foreclosure, which represents a 0.6 percent month-over-month decline.

As reported earlier in LPS’ First Look release and included in LPS’ latest Mortgage Monitor report:

Total U.S. loan delinquency rate: 8.83 percent
Total U.S. foreclosure inventory rate: 4.15 percent
Total U.S. non-current* loan rate: 12.98 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana

Mortgage loan origination activity continues to increase with new production in November reaching 2010 highs. While FHA originations have declined, the share of agency loans increased, and 95 percent of all new issuance remains government supported.

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry

Tags: lps, foreclosures, delinquent loans, historical averages, reo, foreclosure inventory, borrowers, mortgage loan origination, fha

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