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Mortgage Delinquency Rates Drop in All States But One
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 Rates Drop in All States But One
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 Rates Drop in All States But One

August 12, 2011 (Shirley Allen)

Forty-nine states and the District of Columbia experienced declines in mortgage delinquency rates during the second quarter of 2011 according to data released by credit reporting giant TransUnion.

It was the sixth consecutive quarter that the national mortgage delinquency rate (based on the rate of borrowers 60 or more days past due) decreased, dropping to 5.82 percent.

It was also the largest improvement in quarter-over-quarter delinquency rates since the recession officially ended two years ago, dropping 5.98 percent from the first quarter of 2011 to the second quarter.

“While relatively low home prices and high unemployment continue to exert upward pressure on delinquency rates, they are more than offset by the impact of more conservative lending policies reflecting consumers with higher credit scores,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “Not only are these consumers less likely to default if house prices continue to edge downward throughout the year, but their willingness to repay their debt obligations in the face of high unemployment rates is greater. It is because of these dynamics that lenders today take a much closer look at the borrower’s income history and overall debt situation than before the recession began in 2007.”
Vermont was the only state to post an increased mortgage delinquency rate from the first quarter to the second quarter.

Seventy-nine percent of the metropolitan statistical areas (MSAs) posted a decline in their mortgage delinquency rates, up from 68 percent in the first quarter and a vast improvement from the fourth quarter of 2010 when only 44 percent of the MSAs posted declines in their mortgage delinquency rates.

The four states that posted the highest mortgage delinquency rates in the second quarter of 2011 were Florida (13.91%), Nevada (13.04%), California (7.83%), and Arizona (7.78%).

The four states that posted the lowest mortgage delinquency rates in the second quarter were North Dakota (1.45%), South Dakota (2.31%), Nebraska (2.43%), and Alaska (2.64%).

TransUnion forecasts a continuing downward trend in delinquency rates for the remainder of 2011 as economic conditions improve and improved loan performance through tighter lending standards offset the impact of falling home prices.

Tags: TransUnion, mortgage delinquency rate, improvement, low home prices, high unemployment, improved loan performance, tighter lending standards

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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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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August 12, 2011 (Shirley Allen)

Forty-nine states and the District of Columbia experienced declines in mortgage delinquency rates during the second quarter of 2011 according to data released by credit reporting giant TransUnion.

It was the sixth consecutive quarter that the national mortgage delinquency rate (based on the rate of borrowers 60 or more days past due) decreased, dropping to 5.82 percent.

It was also the largest improvement in quarter-over-quarter delinquency rates since the recession officially ended two years ago, dropping 5.98 percent from the first quarter of 2011 to the second quarter.

“While relatively low home prices and high unemployment continue to exert upward pressure on delinquency rates, they are more than offset by the impact of more conservative lending policies reflecting consumers with higher credit scores,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “Not only are these consumers less likely to default if house prices continue to edge downward throughout the year, but their willingness to repay their debt obligations in the face of high unemployment rates is greater. It is because of these dynamics that lenders today take a much closer look at the borrower’s income history and overall debt situation than before the recession began in 2007.”
Vermont was the only state to post an increased mortgage delinquency rate from the first quarter to the second quarter.

Seventy-nine percent of the metropolitan statistical areas (MSAs) posted a decline in their mortgage delinquency rates, up from 68 percent in the first quarter and a vast improvement from the fourth quarter of 2010 when only 44 percent of the MSAs posted declines in their mortgage delinquency rates.

The four states that posted the highest mortgage delinquency rates in the second quarter of 2011 were Florida (13.91%), Nevada (13.04%), California (7.83%), and Arizona (7.78%).

The four states that posted the lowest mortgage delinquency rates in the second quarter were North Dakota (1.45%), South Dakota (2.31%), Nebraska (2.43%), and Alaska (2.64%).

TransUnion forecasts a continuing downward trend in delinquency rates for the remainder of 2011 as economic conditions improve and improved loan performance through tighter lending standards offset the impact of falling home prices.

Tags: TransUnion, mortgage delinquency rate, improvement, low home prices, high unemployment, improved loan performance, tighter lending standards

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

August 12, 2011 (Shirley Allen)

Forty-nine states and the District of Columbia experienced declines in mortgage delinquency rates during the second quarter of 2011 according to data released by credit reporting giant TransUnion.

It was the sixth consecutive quarter that the national mortgage delinquency rate (based on the rate of borrowers 60 or more days past due) decreased, dropping to 5.82 percent.

It was also the largest improvement in quarter-over-quarter delinquency rates since the recession officially ended two years ago, dropping 5.98 percent from the first quarter of 2011 to the second quarter.

“While relatively low home prices and high unemployment continue to exert upward pressure on delinquency rates, they are more than offset by the impact of more conservative lending policies reflecting consumers with higher credit scores,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “Not only are these consumers less likely to default if house prices continue to edge downward throughout the year, but their willingness to repay their debt obligations in the face of high unemployment rates is greater. It is because of these dynamics that lenders today take a much closer look at the borrower’s income history and overall debt situation than before the recession began in 2007.”
Vermont was the only state to post an increased mortgage delinquency rate from the first quarter to the second quarter.

Seventy-nine percent of the metropolitan statistical areas (MSAs) posted a decline in their mortgage delinquency rates, up from 68 percent in the first quarter and a vast improvement from the fourth quarter of 2010 when only 44 percent of the MSAs posted declines in their mortgage delinquency rates.

The four states that posted the highest mortgage delinquency rates in the second quarter of 2011 were Florida (13.91%), Nevada (13.04%), California (7.83%), and Arizona (7.78%).

The four states that posted the lowest mortgage delinquency rates in the second quarter were North Dakota (1.45%), South Dakota (2.31%), Nebraska (2.43%), and Alaska (2.64%).

TransUnion forecasts a continuing downward trend in delinquency rates for the remainder of 2011 as economic conditions improve and improved loan performance through tighter lending standards offset the impact of falling home prices.

Tags: TransUnion, mortgage delinquency rate, improvement, low home prices, high unemployment, improved loan performance, tighter lending standards

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