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Mortgage Delinquencies Expected to Rise Through Early 2012, Then Decline
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 Delinquencies Expected to Rise Through Early 2012, Then Decline
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 Delinquencies Expected to Rise Through Early 2012, Then Decline

December 30, 2011 (Chris Moore)

National mortgage delinquencies are expected to rise to just over six percent in the first quarter of 2012 according to TransUnion and then gradually improve over the last three quarters of the year settling in at about five percent by the end of 2012.

The delinquency rate at the end of the third quarter of 2011 was 5.88 percent, up from 5.82 percent at the end of the second quarter. The rise in the delinquency rate in the third quarter of this year was the first increase in six quarters, dating all the way back to the fourth quarter of 2009.

TransUnion anticipates the mortgage delinquency rate to peak at 6.02 percent at the end of the first quarter of 2012. Despite the increases, mortgage delinquencies at the end of this year are still expected to be seven percent lower than they were at the beginning of the year. This would also follow a seven percent decrease in 2010.

Tim Martin, group vice president of U.S. housing in TransUnion’s financial services business unit, stated, “Although house prices and unemployment will likely face continued pressure next year, this forecast calls for gradual improvements in the second half of 2012 to other key variables, like improving credit quality of new originations, consumer confidence and GDP, that will positively influence homeowners’ ability and willingness to pay their mortgages. If things go as expected, there are no additional negative shocks to the U.S. economy and the average borrower’s situation, mortgage delinquencies could fall as much as 16% in 2012 compared to 2011.”

TransUnion projects that mortgage delinquencies will decline in 38 states while 12 states and the District of Columbia are expected to see a rise in delinquency rates.

The states expected the see the biggest declines in delinquency rates are Arizona (-46.25%), Wisconsin (-45.52%) and Colorado (-40.34%).

The states expected to have the highest delinquency rates by the end of 2012 are Florida (13.20%), Nevada (11.09%) and the District of Columbia (7.91%). The states that are expected to have the lowest delinquency rates at the end of 2012 are North Dakota (1.30%), South Dakota (1.96%) and Wisconsin (2.11%).

TransUnion defines the national mortgage loan delinquency rate as the ratio of borrowers 60 or more days past due.

Tags: TransUnion, mortgage loan delinquencies, delinquency rate, improving credit quality, consumer confidence, GDP

Source:
TransUnion

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.
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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.
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December 30, 2011 (Chris Moore)

National mortgage delinquencies are expected to rise to just over six percent in the first quarter of 2012 according to TransUnion and then gradually improve over the last three quarters of the year settling in at about five percent by the end of 2012.

The delinquency rate at the end of the third quarter of 2011 was 5.88 percent, up from 5.82 percent at the end of the second quarter. The rise in the delinquency rate in the third quarter of this year was the first increase in six quarters, dating all the way back to the fourth quarter of 2009.

TransUnion anticipates the mortgage delinquency rate to peak at 6.02 percent at the end of the first quarter of 2012. Despite the increases, mortgage delinquencies at the end of this year are still expected to be seven percent lower than they were at the beginning of the year. This would also follow a seven percent decrease in 2010.

Tim Martin, group vice president of U.S. housing in TransUnion’s financial services business unit, stated, “Although house prices and unemployment will likely face continued pressure next year, this forecast calls for gradual improvements in the second half of 2012 to other key variables, like improving credit quality of new originations, consumer confidence and GDP, that will positively influence homeowners’ ability and willingness to pay their mortgages. If things go as expected, there are no additional negative shocks to the U.S. economy and the average borrower’s situation, mortgage delinquencies could fall as much as 16% in 2012 compared to 2011.”

TransUnion projects that mortgage delinquencies will decline in 38 states while 12 states and the District of Columbia are expected to see a rise in delinquency rates.

The states expected the see the biggest declines in delinquency rates are Arizona (-46.25%), Wisconsin (-45.52%) and Colorado (-40.34%).

The states expected to have the highest delinquency rates by the end of 2012 are Florida (13.20%), Nevada (11.09%) and the District of Columbia (7.91%). The states that are expected to have the lowest delinquency rates at the end of 2012 are North Dakota (1.30%), South Dakota (1.96%) and Wisconsin (2.11%).

TransUnion defines the national mortgage loan delinquency rate as the ratio of borrowers 60 or more days past due.

Tags: TransUnion, mortgage loan delinquencies, delinquency rate, improving credit quality, consumer confidence, GDP

Source:
TransUnion

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

December 30, 2011 (Chris Moore)

National mortgage delinquencies are expected to rise to just over six percent in the first quarter of 2012 according to TransUnion and then gradually improve over the last three quarters of the year settling in at about five percent by the end of 2012.

The delinquency rate at the end of the third quarter of 2011 was 5.88 percent, up from 5.82 percent at the end of the second quarter. The rise in the delinquency rate in the third quarter of this year was the first increase in six quarters, dating all the way back to the fourth quarter of 2009.

TransUnion anticipates the mortgage delinquency rate to peak at 6.02 percent at the end of the first quarter of 2012. Despite the increases, mortgage delinquencies at the end of this year are still expected to be seven percent lower than they were at the beginning of the year. This would also follow a seven percent decrease in 2010.

Tim Martin, group vice president of U.S. housing in TransUnion’s financial services business unit, stated, “Although house prices and unemployment will likely face continued pressure next year, this forecast calls for gradual improvements in the second half of 2012 to other key variables, like improving credit quality of new originations, consumer confidence and GDP, that will positively influence homeowners’ ability and willingness to pay their mortgages. If things go as expected, there are no additional negative shocks to the U.S. economy and the average borrower’s situation, mortgage delinquencies could fall as much as 16% in 2012 compared to 2011.”

TransUnion projects that mortgage delinquencies will decline in 38 states while 12 states and the District of Columbia are expected to see a rise in delinquency rates.

The states expected the see the biggest declines in delinquency rates are Arizona (-46.25%), Wisconsin (-45.52%) and Colorado (-40.34%).

The states expected to have the highest delinquency rates by the end of 2012 are Florida (13.20%), Nevada (11.09%) and the District of Columbia (7.91%). The states that are expected to have the lowest delinquency rates at the end of 2012 are North Dakota (1.30%), South Dakota (1.96%) and Wisconsin (2.11%).

TransUnion defines the national mortgage loan delinquency rate as the ratio of borrowers 60 or more days past due.

Tags: TransUnion, mortgage loan delinquencies, delinquency rate, improving credit quality, consumer confidence, GDP

Source:
TransUnion

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