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Mortgage Defaults Drop in February
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
Mortgage Defaults Drop in February
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
Mortgage Defaults Drop in February

March 16, 2011 (Brian Moore)
mortgage-down-arrow-image
First mortgage defaults rates declined to 2.45 percent in February 2011, which was14.04 percent lower than January 2011 and 43.27 percent lower than February 2010 according to the Standard & Poor/Experian Consumer Credit Default Indices.

Second mortgage defaults also experienced a decline to 1.46 percent, which was 3.41 percent lower than the previous month and 52.10 percent lower than the year before.

“Default rates continue to fall across all major categories and year over year across the five high-lighted cities. The overall trend has lasted a number of months now, reflecting improved consumer health and the appearance of continued economic recovery,” says Craig Feldman, Director at S&P Indices.

Consumer credit defaults showed a decline in monthly default rates across all credit lines which included not only first and second mortgages, but also bank cards and auto loans.

Among the five major Metropolitan Statistical Areas reported each month in the report, Los Angeles experienced a steady decrease in defaults this month to 2.70 percent. New York and Miami followed the trend with default rates of 2.53 percent and 6.05 percent. Dallas had the largest decrease in default rates to 1.78 percent. Chicago had an increase in defaults to 2.83 percent.

The table gives summary results for February 2011 for the S&P/Experian Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.

S&P/Experian Consumer Credit Default Indices

National Indices

Index February
Index
Level
Change
from
January,
2011
Change
from
February
2010
Composite 2.54 -12.50% -42.28%
First Mortgage 2.45 -14.04% -43.27%
Second Mortgage 1.46 -3.41% -52.10%
Bank Card 5.67 -7.50% -32.92%
Auto Loans 1.58 -0.05% -36.96%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

The second table provides the S&P/Experian Consumer Default Composite Indices for five selected metropolitan statistical areas:

Metropolitan Statistical Area February
Index Level
Change from
January,
2011
Change from
February
2010
New York 2.53 -4.43% -38.35%
Chicago 2.83 2.86% -38.05%
Dallas 1.78 -13.96% -43.17%
Los Angeles 2.70 -2.05% -55.15%
Miami 6.05 -6.32% -51.08%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

Tags: Standard & Poor/Experian, consumer credit default indices, first mortgage defaults, second mortgage defaults, default rates

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
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

March 16, 2011 (Brian Moore)
mortgage-down-arrow-image
First mortgage defaults rates declined to 2.45 percent in February 2011, which was14.04 percent lower than January 2011 and 43.27 percent lower than February 2010 according to the Standard & Poor/Experian Consumer Credit Default Indices.

Second mortgage defaults also experienced a decline to 1.46 percent, which was 3.41 percent lower than the previous month and 52.10 percent lower than the year before.

“Default rates continue to fall across all major categories and year over year across the five high-lighted cities. The overall trend has lasted a number of months now, reflecting improved consumer health and the appearance of continued economic recovery,” says Craig Feldman, Director at S&P Indices.

Consumer credit defaults showed a decline in monthly default rates across all credit lines which included not only first and second mortgages, but also bank cards and auto loans.

Among the five major Metropolitan Statistical Areas reported each month in the report, Los Angeles experienced a steady decrease in defaults this month to 2.70 percent. New York and Miami followed the trend with default rates of 2.53 percent and 6.05 percent. Dallas had the largest decrease in default rates to 1.78 percent. Chicago had an increase in defaults to 2.83 percent.

The table gives summary results for February 2011 for the S&P/Experian Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.

S&P/Experian Consumer Credit Default Indices

National Indices

Index February
Index
Level
Change
from
January,
2011
Change
from
February
2010
Composite 2.54 -12.50% -42.28%
First Mortgage 2.45 -14.04% -43.27%
Second Mortgage 1.46 -3.41% -52.10%
Bank Card 5.67 -7.50% -32.92%
Auto Loans 1.58 -0.05% -36.96%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

The second table provides the S&P/Experian Consumer Default Composite Indices for five selected metropolitan statistical areas:

Metropolitan Statistical Area February
Index Level
Change from
January,
2011
Change from
February
2010
New York 2.53 -4.43% -38.35%
Chicago 2.83 2.86% -38.05%
Dallas 1.78 -13.96% -43.17%
Los Angeles 2.70 -2.05% -55.15%
Miami 6.05 -6.32% -51.08%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

Tags: Standard & Poor/Experian, consumer credit default indices, first mortgage defaults, second mortgage defaults, default rates

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

March 16, 2011 (Brian Moore)
mortgage-down-arrow-image
First mortgage defaults rates declined to 2.45 percent in February 2011, which was14.04 percent lower than January 2011 and 43.27 percent lower than February 2010 according to the Standard & Poor/Experian Consumer Credit Default Indices.

Second mortgage defaults also experienced a decline to 1.46 percent, which was 3.41 percent lower than the previous month and 52.10 percent lower than the year before.

“Default rates continue to fall across all major categories and year over year across the five high-lighted cities. The overall trend has lasted a number of months now, reflecting improved consumer health and the appearance of continued economic recovery,” says Craig Feldman, Director at S&P Indices.

Consumer credit defaults showed a decline in monthly default rates across all credit lines which included not only first and second mortgages, but also bank cards and auto loans.

Among the five major Metropolitan Statistical Areas reported each month in the report, Los Angeles experienced a steady decrease in defaults this month to 2.70 percent. New York and Miami followed the trend with default rates of 2.53 percent and 6.05 percent. Dallas had the largest decrease in default rates to 1.78 percent. Chicago had an increase in defaults to 2.83 percent.

The table gives summary results for February 2011 for the S&P/Experian Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.

S&P/Experian Consumer Credit Default Indices

National Indices

Index February
Index
Level
Change
from
January,
2011
Change
from
February
2010
Composite 2.54 -12.50% -42.28%
First Mortgage 2.45 -14.04% -43.27%
Second Mortgage 1.46 -3.41% -52.10%
Bank Card 5.67 -7.50% -32.92%
Auto Loans 1.58 -0.05% -36.96%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

The second table provides the S&P/Experian Consumer Default Composite Indices for five selected metropolitan statistical areas:

Metropolitan Statistical Area February
Index Level
Change from
January,
2011
Change from
February
2010
New York 2.53 -4.43% -38.35%
Chicago 2.83 2.86% -38.05%
Dallas 1.78 -13.96% -43.17%
Los Angeles 2.70 -2.05% -55.15%
Miami 6.05 -6.32% -51.08%

Source: S&P/Experian Consumer Credit Default Indices
Data Through: February 2011

Tags: Standard & Poor/Experian, consumer credit default indices, first mortgage defaults, second mortgage defaults, default rates

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