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National Mortgage Loan Delinquency Rates Improve in First Quarter
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
National Mortgage Loan Delinquency Rates Improve in First Quarter
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
National Mortgage Loan Delinquency Rates Improve in First Quarter

May 18, 2011 (Jeff Alan)

The national mortgage delinquency rate decreased to 6.19 percent in the first quarter of 2011 according to credit giant TransUnion. Loans in which borrowers were 60 days or more past due declined for the fifth consecutive quarter and TransUnion predicts that delinquencies are expected remain flat or slow in their decline despite the continuing decline in housing prices.

“Decreasing home prices can be risky because they exert upward pressure on mortgage delinquency rates. The fact that mortgage delinquency continues to decline despite this situation demonstrates that today’s borrowers are less risky,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “While many homeowners still face pressure to make ends meet, they have lived in their homes for a long time and have diligently been paying their mortgage each month. These are borrowers that have roots in their residential neighborhoods and may already have substantial equity invested.”

TransUnion also reported that its 90-day Real Estate Inquiry Index dropped to its second lowest value of 26.04 in the first quarter of 2011. The index was created in 2000 and measures the demand for real estate credit.

“Until consumer confidence improves, and housing prices stabilize, demand for real estate credit will continue to remain sluggish,” said Martin.

The mortgage delinquency rate decreased 3.4 percent in the first quarter of 2011 in comparison to the fourth quarter of 2010 and is down almost 8.6 percent from the year before and as a sign of growing improvement, sixty-eight percent of metropolitan statistical areas (MSA) in the U.S. experienced a decline in mortgage delinquency rates in the first quarter compared to only 44 percent last quarter.

The states with the highest mortgage delinquency rates in the first quarter were Florida (14.37%) and Nevada (14.19%), while the states with the lowest mortgage delinquency rates were North Dakota (1.54 %) and South Dakota (2.53%).

Tags: TransUnion, mortgage delinquency rate, housing price decline, real estate credit, consumer confidence

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.
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May 18, 2011 (Jeff Alan)

The national mortgage delinquency rate decreased to 6.19 percent in the first quarter of 2011 according to credit giant TransUnion. Loans in which borrowers were 60 days or more past due declined for the fifth consecutive quarter and TransUnion predicts that delinquencies are expected remain flat or slow in their decline despite the continuing decline in housing prices.

“Decreasing home prices can be risky because they exert upward pressure on mortgage delinquency rates. The fact that mortgage delinquency continues to decline despite this situation demonstrates that today’s borrowers are less risky,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “While many homeowners still face pressure to make ends meet, they have lived in their homes for a long time and have diligently been paying their mortgage each month. These are borrowers that have roots in their residential neighborhoods and may already have substantial equity invested.”

TransUnion also reported that its 90-day Real Estate Inquiry Index dropped to its second lowest value of 26.04 in the first quarter of 2011. The index was created in 2000 and measures the demand for real estate credit.

“Until consumer confidence improves, and housing prices stabilize, demand for real estate credit will continue to remain sluggish,” said Martin.

The mortgage delinquency rate decreased 3.4 percent in the first quarter of 2011 in comparison to the fourth quarter of 2010 and is down almost 8.6 percent from the year before and as a sign of growing improvement, sixty-eight percent of metropolitan statistical areas (MSA) in the U.S. experienced a decline in mortgage delinquency rates in the first quarter compared to only 44 percent last quarter.

The states with the highest mortgage delinquency rates in the first quarter were Florida (14.37%) and Nevada (14.19%), while the states with the lowest mortgage delinquency rates were North Dakota (1.54 %) and South Dakota (2.53%).

Tags: TransUnion, mortgage delinquency rate, housing price decline, real estate credit, consumer confidence

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

May 18, 2011 (Jeff Alan)

The national mortgage delinquency rate decreased to 6.19 percent in the first quarter of 2011 according to credit giant TransUnion. Loans in which borrowers were 60 days or more past due declined for the fifth consecutive quarter and TransUnion predicts that delinquencies are expected remain flat or slow in their decline despite the continuing decline in housing prices.

“Decreasing home prices can be risky because they exert upward pressure on mortgage delinquency rates. The fact that mortgage delinquency continues to decline despite this situation demonstrates that today’s borrowers are less risky,” said Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “While many homeowners still face pressure to make ends meet, they have lived in their homes for a long time and have diligently been paying their mortgage each month. These are borrowers that have roots in their residential neighborhoods and may already have substantial equity invested.”

TransUnion also reported that its 90-day Real Estate Inquiry Index dropped to its second lowest value of 26.04 in the first quarter of 2011. The index was created in 2000 and measures the demand for real estate credit.

“Until consumer confidence improves, and housing prices stabilize, demand for real estate credit will continue to remain sluggish,” said Martin.

The mortgage delinquency rate decreased 3.4 percent in the first quarter of 2011 in comparison to the fourth quarter of 2010 and is down almost 8.6 percent from the year before and as a sign of growing improvement, sixty-eight percent of metropolitan statistical areas (MSA) in the U.S. experienced a decline in mortgage delinquency rates in the first quarter compared to only 44 percent last quarter.

The states with the highest mortgage delinquency rates in the first quarter were Florida (14.37%) and Nevada (14.19%), while the states with the lowest mortgage delinquency rates were North Dakota (1.54 %) and South Dakota (2.53%).

Tags: TransUnion, mortgage delinquency rate, housing price decline, real estate credit, consumer confidence

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