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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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Private Loan Modifications Increase in March, HAMP Modifications Fall
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
Private Loan Modifications Increase in March, HAMP Modifications Fall
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
Private Loan Modifications Increase in March, HAMP Modifications Fall

May 10, 2012 (Shirley Allen)

Proprietary loan modifications increased slightly in March, but a decline in HAMP modifications left the total amount of completed modifications almost unchanged from the previous month according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 46,494 homeowners received permanent, proprietary loan modifications in March, up 4.6 percent from the 44,459 loan modifications in February.

In the first quarter of 2012, a total of 146,818 proprietary loan modifications were completed, down 11.6 percent from the previous quarter and down 29.4 percent from the same quarter last year.

Of the proprietary loan modifications completed in March, 84 percent (39,063) included reduced monthly principal and interest payments, with 79 percent (36,527) receiving a reduction of more than 10 percent. In addition, 90 percent (41,639) of the loan modifications received fixed interest rate loans of five years or more.

Loan modifications under the federal government’s HAMP program declined from February to March with government agencies completing 19,940 loan modifications in March compared to 22,263 in February.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We continue to be encouraged by the efforts of mortgage servicers, non-profit counselors and others to educate homeowners on their options and find viable solutions for home retention, or graceful exit in some cases. In cases where home retention is not an alternative, the focus shifts to community stabilization through improving the short sale process and deed in lieu process, focusing on issues associated with vacant homes and enhancing public/private partnerships to support the housing market. HOPE NOW continues to work with all stakeholders to find creative ways to assist at-risk homeowners. For 2012, we will continue our commitment to homeowners via enhanced regional outreach activities, streamlined processes and effective use of technology.”

Monthly foreclosure starts jumped by over 10,000 following a 16.6 percent decline in February. Foreclosure starts increased 6.2 percent from February to March, growing from 167,114 to 177,395.

Completed foreclosure sales continued to decline, falling from 69,268 in February to 65,824 in March. It was the third consecutive month that foreclosure sales outpaced loan modifications.

Mortgage delinquencies that were at least 60 days past due declined from 2.657 million loans in February to 2.536 million in March.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

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 10, 2012 (Shirley Allen)

Proprietary loan modifications increased slightly in March, but a decline in HAMP modifications left the total amount of completed modifications almost unchanged from the previous month according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 46,494 homeowners received permanent, proprietary loan modifications in March, up 4.6 percent from the 44,459 loan modifications in February.

In the first quarter of 2012, a total of 146,818 proprietary loan modifications were completed, down 11.6 percent from the previous quarter and down 29.4 percent from the same quarter last year.

Of the proprietary loan modifications completed in March, 84 percent (39,063) included reduced monthly principal and interest payments, with 79 percent (36,527) receiving a reduction of more than 10 percent. In addition, 90 percent (41,639) of the loan modifications received fixed interest rate loans of five years or more.

Loan modifications under the federal government’s HAMP program declined from February to March with government agencies completing 19,940 loan modifications in March compared to 22,263 in February.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We continue to be encouraged by the efforts of mortgage servicers, non-profit counselors and others to educate homeowners on their options and find viable solutions for home retention, or graceful exit in some cases. In cases where home retention is not an alternative, the focus shifts to community stabilization through improving the short sale process and deed in lieu process, focusing on issues associated with vacant homes and enhancing public/private partnerships to support the housing market. HOPE NOW continues to work with all stakeholders to find creative ways to assist at-risk homeowners. For 2012, we will continue our commitment to homeowners via enhanced regional outreach activities, streamlined processes and effective use of technology.”

Monthly foreclosure starts jumped by over 10,000 following a 16.6 percent decline in February. Foreclosure starts increased 6.2 percent from February to March, growing from 167,114 to 177,395.

Completed foreclosure sales continued to decline, falling from 69,268 in February to 65,824 in March. It was the third consecutive month that foreclosure sales outpaced loan modifications.

Mortgage delinquencies that were at least 60 days past due declined from 2.657 million loans in February to 2.536 million in March.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

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 10, 2012 (Shirley Allen)

Proprietary loan modifications increased slightly in March, but a decline in HAMP modifications left the total amount of completed modifications almost unchanged from the previous month according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Using a three month rolling average, a total of 46,494 homeowners received permanent, proprietary loan modifications in March, up 4.6 percent from the 44,459 loan modifications in February.

In the first quarter of 2012, a total of 146,818 proprietary loan modifications were completed, down 11.6 percent from the previous quarter and down 29.4 percent from the same quarter last year.

Of the proprietary loan modifications completed in March, 84 percent (39,063) included reduced monthly principal and interest payments, with 79 percent (36,527) receiving a reduction of more than 10 percent. In addition, 90 percent (41,639) of the loan modifications received fixed interest rate loans of five years or more.

Loan modifications under the federal government’s HAMP program declined from February to March with government agencies completing 19,940 loan modifications in March compared to 22,263 in February.

Faith Schwartz, Executive Director of HOPE NOW, stated, “We continue to be encouraged by the efforts of mortgage servicers, non-profit counselors and others to educate homeowners on their options and find viable solutions for home retention, or graceful exit in some cases. In cases where home retention is not an alternative, the focus shifts to community stabilization through improving the short sale process and deed in lieu process, focusing on issues associated with vacant homes and enhancing public/private partnerships to support the housing market. HOPE NOW continues to work with all stakeholders to find creative ways to assist at-risk homeowners. For 2012, we will continue our commitment to homeowners via enhanced regional outreach activities, streamlined processes and effective use of technology.”

Monthly foreclosure starts jumped by over 10,000 following a 16.6 percent decline in February. Foreclosure starts increased 6.2 percent from February to March, growing from 167,114 to 177,395.

Completed foreclosure sales continued to decline, falling from 69,268 in February to 65,824 in March. It was the third consecutive month that foreclosure sales outpaced loan modifications.

Mortgage delinquencies that were at least 60 days past due declined from 2.657 million loans in February to 2.536 million in March.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

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