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May Housing Scorecard Shows Continued Weakness
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
May Housing Scorecard Shows Continued Weakness
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
May Housing Scorecard Shows Continued Weakness

June 10, 2011 (Chris Moore)

More than 4.8 million loan modification arrangements have been made to help keep homeowners in their homes between April 2009 and the end of March 2011 according to the Obama Administration’s May Housing Scorecard, with the total number of agreements more than double the number of foreclosure completions during the same period. However, the Administration reports that the overall housing market remains weak.

The government reports that 29,000 homeowners entered into a HAMP trial modification in April, and 29,000 homeowners received a permanent loan modification in the same month with a median monthly payment reduction of $526, a savings of 37 percent.

The Scorecard reports that the housing market remains fragile as data through May shows housing prices continue to remain weak, though a glimmer of hope appeared in this week’s CoreLogic report showing a small month-over-month increase in home prices after nearly a year of declines.

Mortgage delinquencies continued a downward trend that is primarily attributed to mortgage servicers continuing to delay foreclosure proceedings as they review internal procedures resulting from the “robo-signing” controversy last year.

Foreclosure starts and completions remain below peak, but foreclosure inventories continue to increase with an estimated 4.2 million homes in some stage of the foreclosure process.

“The housing data in this month’s Scorecard offer continued mixed signals and some signs of weakness in the market – despite growing evidence of progress in the broader economy,” said HUD Assistant Secretary Raphael Bostic. “The Administration remains committed to helping all homeowners who have been hit hard during this housing crisis, and as the Regional Spotlight shows our efforts have helped over 100,000 families avoid foreclosure in Phoenix. But we have much more work to do to reach the many households who still face trouble and to help the market recover.”

This month’s Scorecard was the first to highlight the progress of government modification efforts in Phoenix, Arizona, one of the hardest hit cities in the nation.

More than 65,000 government mortgage assistance interventions have been offered to area homeowners since mortgage modification efforts began in April 2009. The area has also had an estimated 40,000 to 42,000 proprietary modifications offered through HOPENOW Alliance servicers for a total of approximately 106,000 mortgage assistance interventions in the area.

These efforts have helped more Phoenix area homeowners keep their homes than the number of those who have lost their home, 104,500, to foreclosure.

Tags: May Housing Scorecard, Obama Administration, loan modification, foreclosure completions, monthly payment reduction, housing prices, mortgage delinquencies, foreclosure starts, foreclosure completions

Source:
HUD

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.
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BUYING OR SELLING A HOME IS A BIG DECISION
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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.
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 10, 2011 (Chris Moore)

More than 4.8 million loan modification arrangements have been made to help keep homeowners in their homes between April 2009 and the end of March 2011 according to the Obama Administration’s May Housing Scorecard, with the total number of agreements more than double the number of foreclosure completions during the same period. However, the Administration reports that the overall housing market remains weak.

The government reports that 29,000 homeowners entered into a HAMP trial modification in April, and 29,000 homeowners received a permanent loan modification in the same month with a median monthly payment reduction of $526, a savings of 37 percent.

The Scorecard reports that the housing market remains fragile as data through May shows housing prices continue to remain weak, though a glimmer of hope appeared in this week’s CoreLogic report showing a small month-over-month increase in home prices after nearly a year of declines.

Mortgage delinquencies continued a downward trend that is primarily attributed to mortgage servicers continuing to delay foreclosure proceedings as they review internal procedures resulting from the “robo-signing” controversy last year.

Foreclosure starts and completions remain below peak, but foreclosure inventories continue to increase with an estimated 4.2 million homes in some stage of the foreclosure process.

“The housing data in this month’s Scorecard offer continued mixed signals and some signs of weakness in the market – despite growing evidence of progress in the broader economy,” said HUD Assistant Secretary Raphael Bostic. “The Administration remains committed to helping all homeowners who have been hit hard during this housing crisis, and as the Regional Spotlight shows our efforts have helped over 100,000 families avoid foreclosure in Phoenix. But we have much more work to do to reach the many households who still face trouble and to help the market recover.”

This month’s Scorecard was the first to highlight the progress of government modification efforts in Phoenix, Arizona, one of the hardest hit cities in the nation.

More than 65,000 government mortgage assistance interventions have been offered to area homeowners since mortgage modification efforts began in April 2009. The area has also had an estimated 40,000 to 42,000 proprietary modifications offered through HOPENOW Alliance servicers for a total of approximately 106,000 mortgage assistance interventions in the area.

These efforts have helped more Phoenix area homeowners keep their homes than the number of those who have lost their home, 104,500, to foreclosure.

Tags: May Housing Scorecard, Obama Administration, loan modification, foreclosure completions, monthly payment reduction, housing prices, mortgage delinquencies, foreclosure starts, foreclosure completions

Source:
HUD

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 10, 2011 (Chris Moore)

More than 4.8 million loan modification arrangements have been made to help keep homeowners in their homes between April 2009 and the end of March 2011 according to the Obama Administration’s May Housing Scorecard, with the total number of agreements more than double the number of foreclosure completions during the same period. However, the Administration reports that the overall housing market remains weak.

The government reports that 29,000 homeowners entered into a HAMP trial modification in April, and 29,000 homeowners received a permanent loan modification in the same month with a median monthly payment reduction of $526, a savings of 37 percent.

The Scorecard reports that the housing market remains fragile as data through May shows housing prices continue to remain weak, though a glimmer of hope appeared in this week’s CoreLogic report showing a small month-over-month increase in home prices after nearly a year of declines.

Mortgage delinquencies continued a downward trend that is primarily attributed to mortgage servicers continuing to delay foreclosure proceedings as they review internal procedures resulting from the “robo-signing” controversy last year.

Foreclosure starts and completions remain below peak, but foreclosure inventories continue to increase with an estimated 4.2 million homes in some stage of the foreclosure process.

“The housing data in this month’s Scorecard offer continued mixed signals and some signs of weakness in the market – despite growing evidence of progress in the broader economy,” said HUD Assistant Secretary Raphael Bostic. “The Administration remains committed to helping all homeowners who have been hit hard during this housing crisis, and as the Regional Spotlight shows our efforts have helped over 100,000 families avoid foreclosure in Phoenix. But we have much more work to do to reach the many households who still face trouble and to help the market recover.”

This month’s Scorecard was the first to highlight the progress of government modification efforts in Phoenix, Arizona, one of the hardest hit cities in the nation.

More than 65,000 government mortgage assistance interventions have been offered to area homeowners since mortgage modification efforts began in April 2009. The area has also had an estimated 40,000 to 42,000 proprietary modifications offered through HOPENOW Alliance servicers for a total of approximately 106,000 mortgage assistance interventions in the area.

These efforts have helped more Phoenix area homeowners keep their homes than the number of those who have lost their home, 104,500, to foreclosure.

Tags: May Housing Scorecard, Obama Administration, loan modification, foreclosure completions, monthly payment reduction, housing prices, mortgage delinquencies, foreclosure starts, foreclosure completions

Source:
HUD

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