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Proprietary Loan Modifications Jump in July
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WE VERIFY & TRANSMIT TO LENDERS
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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 TAKE IT TO THE NEXT LEVEL?
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Proprietary Loan Modifications Jump in July
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
Proprietary Loan Modifications Jump in July

September 10, 2012 (Shirley Allen)

Mortgage servicers stepped up their loan modification efforts in July as the number proprietary modifications jumped by over 42 percent 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 66,002 homeowners received permanent, proprietary loan modifications in July, up 42.2 percent from a revised 46,402 loan modifications in June.

Of the proprietary loan modifications completed in July, seventy-seven percent (51,091) included reduced monthly principal and interest payments, with 71 percent (46,985) receiving a reduction of more than 10 percent. In addition, ninety-six percent (63,425) of the loan modifications received fixed interest rate loans of five years or more.

Short sales remained about even with the previous month as a total of 36,230 short sales were completed in July compared to a revised 36,295 in June.

Monthly foreclosure starts increased during July following June’s 20.6 percent decline. Foreclosure starts increased 4.9 percent from June, climbing from 156,945 to 164,593.

Completed foreclosure sales edged slightly lower, falling from 63,810 in June to 63,527 in July.

The number of homeowners that were at least 60 days or more past due also declined, falling from 2.518 million loans in June to 2.471 million in July.

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.
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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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September 10, 2012 (Shirley Allen)

Mortgage servicers stepped up their loan modification efforts in July as the number proprietary modifications jumped by over 42 percent 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 66,002 homeowners received permanent, proprietary loan modifications in July, up 42.2 percent from a revised 46,402 loan modifications in June.

Of the proprietary loan modifications completed in July, seventy-seven percent (51,091) included reduced monthly principal and interest payments, with 71 percent (46,985) receiving a reduction of more than 10 percent. In addition, ninety-six percent (63,425) of the loan modifications received fixed interest rate loans of five years or more.

Short sales remained about even with the previous month as a total of 36,230 short sales were completed in July compared to a revised 36,295 in June.

Monthly foreclosure starts increased during July following June’s 20.6 percent decline. Foreclosure starts increased 4.9 percent from June, climbing from 156,945 to 164,593.

Completed foreclosure sales edged slightly lower, falling from 63,810 in June to 63,527 in July.

The number of homeowners that were at least 60 days or more past due also declined, falling from 2.518 million loans in June to 2.471 million in July.

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

September 10, 2012 (Shirley Allen)

Mortgage servicers stepped up their loan modification efforts in July as the number proprietary modifications jumped by over 42 percent 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 66,002 homeowners received permanent, proprietary loan modifications in July, up 42.2 percent from a revised 46,402 loan modifications in June.

Of the proprietary loan modifications completed in July, seventy-seven percent (51,091) included reduced monthly principal and interest payments, with 71 percent (46,985) receiving a reduction of more than 10 percent. In addition, ninety-six percent (63,425) of the loan modifications received fixed interest rate loans of five years or more.

Short sales remained about even with the previous month as a total of 36,230 short sales were completed in July compared to a revised 36,295 in June.

Monthly foreclosure starts increased during July following June’s 20.6 percent decline. Foreclosure starts increased 4.9 percent from June, climbing from 156,945 to 164,593.

Completed foreclosure sales edged slightly lower, falling from 63,810 in June to 63,527 in July.

The number of homeowners that were at least 60 days or more past due also declined, falling from 2.518 million loans in June to 2.471 million in July.

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