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 Delinquency Rate Edges Back Over Six Percent
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 Delinquency Rate Edges Back Over Six Percent
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 Delinquency Rate Edges Back Over Six Percent

February 15, 2012 (Shirley Allen)

Mortgage delinquencies were on the rise across the nation for the second consecutive quarter according to TransUnion. The mortgage delinquency rate edged up to 6.01 percent at the end of the fourth quarter in 2011 from 5.88 in the previous quarter.

The mortgage delinquency rate increased in all but 13 states between the third and fourth quarters of this year. Sixty-four percent of the metropolitan areas posted an increase in delinquency rates, unchanged from the third quarter.

Despite the increase, the delinquency rate was still lower than in the fourth quarter of last year when the delinquency rate was 6.41 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “To see that, quarter over quarter, fewer homeowners were able to make their mortgage payments is not welcome news. However, it was not unexpected. First, there tends to be a natural seasonality, evident well before the recession, of higher delinquencies in the fourth quarter; perhaps explained by borrowers balancing holiday spending vs. debt payments. Secondly, on the economic front, house prices continued to deteriorate in the fourth quarter and unemployment remained stubbornly high. This combination leads to more negative equity in homes and reduced real personal income that can affect borrowers’ ability and willingness to pay their mortgages.

The state with the highest delinquency rate in the nation was Florida where 14.27 percent of the mortgages were delinquent, followed by Nevada at 12.08 percent and New Jersey at 8.32 percent. These three states were also the top three states in the third quarter.

The state with the lowest delinquency rate was North Dakota at 1.50 percent, followed by South Dakota at 2.45 percent and Nebraska at 2.57 percent. These were also the three states with the lowest delinquency rates in the third quarter.

The amount of mortgage debt per borrower declined slightly from the previous quarter and the previous year. The average mortgage debt per borrower in the fourth quarter was $188,194 compared to $190,382 in the third quarter and $189,046 in the fourth quarter of 2010.

Washington D.C. had the highest mortgage debt per borrower at $375,563, while borrowers in West Virginia had the lowest mortgage debt of $100,982.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

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

February 15, 2012 (Shirley Allen)

Mortgage delinquencies were on the rise across the nation for the second consecutive quarter according to TransUnion. The mortgage delinquency rate edged up to 6.01 percent at the end of the fourth quarter in 2011 from 5.88 in the previous quarter.

The mortgage delinquency rate increased in all but 13 states between the third and fourth quarters of this year. Sixty-four percent of the metropolitan areas posted an increase in delinquency rates, unchanged from the third quarter.

Despite the increase, the delinquency rate was still lower than in the fourth quarter of last year when the delinquency rate was 6.41 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “To see that, quarter over quarter, fewer homeowners were able to make their mortgage payments is not welcome news. However, it was not unexpected. First, there tends to be a natural seasonality, evident well before the recession, of higher delinquencies in the fourth quarter; perhaps explained by borrowers balancing holiday spending vs. debt payments. Secondly, on the economic front, house prices continued to deteriorate in the fourth quarter and unemployment remained stubbornly high. This combination leads to more negative equity in homes and reduced real personal income that can affect borrowers’ ability and willingness to pay their mortgages.

The state with the highest delinquency rate in the nation was Florida where 14.27 percent of the mortgages were delinquent, followed by Nevada at 12.08 percent and New Jersey at 8.32 percent. These three states were also the top three states in the third quarter.

The state with the lowest delinquency rate was North Dakota at 1.50 percent, followed by South Dakota at 2.45 percent and Nebraska at 2.57 percent. These were also the three states with the lowest delinquency rates in the third quarter.

The amount of mortgage debt per borrower declined slightly from the previous quarter and the previous year. The average mortgage debt per borrower in the fourth quarter was $188,194 compared to $190,382 in the third quarter and $189,046 in the fourth quarter of 2010.

Washington D.C. had the highest mortgage debt per borrower at $375,563, while borrowers in West Virginia had the lowest mortgage debt of $100,982.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

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

February 15, 2012 (Shirley Allen)

Mortgage delinquencies were on the rise across the nation for the second consecutive quarter according to TransUnion. The mortgage delinquency rate edged up to 6.01 percent at the end of the fourth quarter in 2011 from 5.88 in the previous quarter.

The mortgage delinquency rate increased in all but 13 states between the third and fourth quarters of this year. Sixty-four percent of the metropolitan areas posted an increase in delinquency rates, unchanged from the third quarter.

Despite the increase, the delinquency rate was still lower than in the fourth quarter of last year when the delinquency rate was 6.41 percent.

Tim Martin, group vice president of U.S. Housing in TransUnion’s financial services business unit, stated, “To see that, quarter over quarter, fewer homeowners were able to make their mortgage payments is not welcome news. However, it was not unexpected. First, there tends to be a natural seasonality, evident well before the recession, of higher delinquencies in the fourth quarter; perhaps explained by borrowers balancing holiday spending vs. debt payments. Secondly, on the economic front, house prices continued to deteriorate in the fourth quarter and unemployment remained stubbornly high. This combination leads to more negative equity in homes and reduced real personal income that can affect borrowers’ ability and willingness to pay their mortgages.

The state with the highest delinquency rate in the nation was Florida where 14.27 percent of the mortgages were delinquent, followed by Nevada at 12.08 percent and New Jersey at 8.32 percent. These three states were also the top three states in the third quarter.

The state with the lowest delinquency rate was North Dakota at 1.50 percent, followed by South Dakota at 2.45 percent and Nebraska at 2.57 percent. These were also the three states with the lowest delinquency rates in the third quarter.

The amount of mortgage debt per borrower declined slightly from the previous quarter and the previous year. The average mortgage debt per borrower in the fourth quarter was $188,194 compared to $190,382 in the third quarter and $189,046 in the fourth quarter of 2010.

Washington D.C. had the highest mortgage debt per borrower at $375,563, while borrowers in West Virginia had the lowest mortgage debt of $100,982.

Tags: TransUnion, mortgage delinquency rate, mortgage debt, mortgage payments, negative equity, price depreciation

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