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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.
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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.
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Mortgage “Roll Rates” Peaked in Summer of 2009
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 “Roll Rates” Peaked in Summer of 2009
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 “Roll Rates” Peaked in Summer of 2009

November 1 2010 (Chris Moore)
financial picture
In a report released by credit bureau giant TransUnion, mortgage delinquency “roll rates” peaked in the summer of 2009. The “roll rate” is the percentage of borrowers who enter a worse delinquency stage on their mortgage payments each successive month. In other words, a higher percentage of borrowers are behind on their payments at 60 days than there were at 30 days and more are behind at 90 days than were at 60 days until eventually they go into foreclosure.

The report revealed roughly 25 percent of consumers who were 30 days past due on their mortgages as of June 2009 became 60 days late a month later, and more than a third who were 60 days late became three months behind during the same period.

“Consumers who are past due on their mortgages are always susceptible to going into more severe stages of delinquency,” said FJ Guarrera, one of the authors of the study.

“We found that this vulnerability was exacerbated during the recession as housing prices declined and unemployment increased.”
The report also found that those with a home equity line of credit or home equity loan exhibited lower roll rates during the housing boom and higher ones once the mortgage crisis began.

“In March 2006, the national 30-60 mortgage roll rate was 12.56 percent for borrowers with home equity loans/lines and 17.16 percent for those without. However, by March 2009 the 30-60 roll rates had skyrocketed to 26.55 percent for borrowers with home equity loans/lines, while increasing to only 22.66 percent for those borrowers without.”

This may have to do with the fact that many of the loans being secured towards the end of the housing boom were high risk loans used by borrowers employing second mortgages to avoid putting anything down on their homes (100% financing).

Many of those high risk loans with high loan-to-values are now deeply underwater, leading to a high rate of default, whether by necessity or choice.

And as one would expect, in areas of the country where unemployment has been less severe and home prices have been relatively stable, roll rates have been at or below the national level.

Tags: roll-rate, foreclosures, high risk loans, TransUnion, delinquency, housing prices decline, unemployment, mortgages

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.
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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.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

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November 1 2010 (Chris Moore)
financial picture
In a report released by credit bureau giant TransUnion, mortgage delinquency “roll rates” peaked in the summer of 2009. The “roll rate” is the percentage of borrowers who enter a worse delinquency stage on their mortgage payments each successive month. In other words, a higher percentage of borrowers are behind on their payments at 60 days than there were at 30 days and more are behind at 90 days than were at 60 days until eventually they go into foreclosure.

The report revealed roughly 25 percent of consumers who were 30 days past due on their mortgages as of June 2009 became 60 days late a month later, and more than a third who were 60 days late became three months behind during the same period.

“Consumers who are past due on their mortgages are always susceptible to going into more severe stages of delinquency,” said FJ Guarrera, one of the authors of the study.

“We found that this vulnerability was exacerbated during the recession as housing prices declined and unemployment increased.”
The report also found that those with a home equity line of credit or home equity loan exhibited lower roll rates during the housing boom and higher ones once the mortgage crisis began.

“In March 2006, the national 30-60 mortgage roll rate was 12.56 percent for borrowers with home equity loans/lines and 17.16 percent for those without. However, by March 2009 the 30-60 roll rates had skyrocketed to 26.55 percent for borrowers with home equity loans/lines, while increasing to only 22.66 percent for those borrowers without.”

This may have to do with the fact that many of the loans being secured towards the end of the housing boom were high risk loans used by borrowers employing second mortgages to avoid putting anything down on their homes (100% financing).

Many of those high risk loans with high loan-to-values are now deeply underwater, leading to a high rate of default, whether by necessity or choice.

And as one would expect, in areas of the country where unemployment has been less severe and home prices have been relatively stable, roll rates have been at or below the national level.

Tags: roll-rate, foreclosures, high risk loans, TransUnion, delinquency, housing prices decline, unemployment, mortgages

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

November 1 2010 (Chris Moore)
financial picture
In a report released by credit bureau giant TransUnion, mortgage delinquency “roll rates” peaked in the summer of 2009. The “roll rate” is the percentage of borrowers who enter a worse delinquency stage on their mortgage payments each successive month. In other words, a higher percentage of borrowers are behind on their payments at 60 days than there were at 30 days and more are behind at 90 days than were at 60 days until eventually they go into foreclosure.

The report revealed roughly 25 percent of consumers who were 30 days past due on their mortgages as of June 2009 became 60 days late a month later, and more than a third who were 60 days late became three months behind during the same period.

“Consumers who are past due on their mortgages are always susceptible to going into more severe stages of delinquency,” said FJ Guarrera, one of the authors of the study.

“We found that this vulnerability was exacerbated during the recession as housing prices declined and unemployment increased.”
The report also found that those with a home equity line of credit or home equity loan exhibited lower roll rates during the housing boom and higher ones once the mortgage crisis began.

“In March 2006, the national 30-60 mortgage roll rate was 12.56 percent for borrowers with home equity loans/lines and 17.16 percent for those without. However, by March 2009 the 30-60 roll rates had skyrocketed to 26.55 percent for borrowers with home equity loans/lines, while increasing to only 22.66 percent for those borrowers without.”

This may have to do with the fact that many of the loans being secured towards the end of the housing boom were high risk loans used by borrowers employing second mortgages to avoid putting anything down on their homes (100% financing).

Many of those high risk loans with high loan-to-values are now deeply underwater, leading to a high rate of default, whether by necessity or choice.

And as one would expect, in areas of the country where unemployment has been less severe and home prices have been relatively stable, roll rates have been at or below the national level.

Tags: roll-rate, foreclosures, high risk loans, TransUnion, delinquency, housing prices decline, unemployment, mortgages

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