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
September Housing Scorecard: Things Look Better than a Year Ago
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
September Housing Scorecard: Things Look Better than a Year Ago
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
September Housing Scorecard: Things Look Better than a Year Ago

November 7, 2011 (Chris Moore)

The housing market was a mixed bag in September as loan performance overall declined slightly along with existing home sales, while new home sales showed improvement along with foreclosure starts and sales, but overall, things looked better than they did a year ago according to the latest release of the Obama Administration’s Housing Scorecard.

Loan performance was mixed in September with sub-prime mortgages showing the most improvement. At the end of September, prime mortgages that were at least 30 days or more delinquent remained unchanged from 4.4 percent in August but were down from 5.2 percent posted in August of 2010.

Performance of sub-prime mortgages improved as loans that were 30 days or more delinquent fell to 31.8 percent in September, down from 32.1 percent in August, and down from 36.4 percent reported a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased in September to 12.4 percent, up from 12.1 percent in August. The delinquency rate on FHA loans a year ago was 12.7 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, increased with 1.481 million loans in trouble at the end of September, up from 1.472 million in August but down from 1.660 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.738 million in September, up from 1.725 million in August but down from 1.827 million in September of last year.

Loans insured by the FHA that were seriously delinquent increased to 635,000 in September, up from 612,000 in August and also up from 574,000 in September 2010.

Since the beginning of the government’s mortgage assistance efforts in 2009 until the end of September 2011, over 5.3 million modification arrangements have been started. In September, 40,141 homeowners received a permanent loan modification through the Homeowner Affordable Modification Program (HAMP) while 25,974 trial modifications were started raising the total amount of all permanent modifications started to 856,974.

To date, homeowners that have received a permanent loan modification through HAMP saved a median of $516 per month on their mortgage payment, more than a one-third of their median before-modification payment.

HOPE NOW proprietary modifications increased slightly in September to 55,800 modifications from a revised 55,700 modifications in August.

Home prices were generally flat with two out of the three indices used in the Housing Scorecard posting very modest gains while one posted a slight decline.

Sales of new homes increased by a seasonally adjusted 0.6 percent from August to September while sales of existing homes decreased by a seasonally adjusted 0.3 percent.

The inventory of existing homes increased in September to an 8.5 months supply, up from a revised 8.4 months supply of homes for sale in August. New home inventory decreased to a 6.2 months supply of inventory, down from a 6.6 months supply in August.

Both foreclosure starts and foreclosure sales declined in September with starts falling 10.4 percent and foreclosure sales declining 6.0 percent. Compared to a year ago, foreclosure starts and sales are down substantially with starts down 31.0 percent and foreclosure sales down 44.6 percent.

HUD Assistant Secretary Raphael Bostic said, “The housing data in this month’s Scorecard illustrate how complex the market is and why the Obama Administration has chosen a variety of approaches to help spur recovery. Last month we saw a continued fall in mortgage defaults, due in part to our foreclosure prevention programs reaching more borrowers upstream in the process. And in the last quarter, a million more homeowners refinanced their loans under some of the lowest interest rates in history. But despite these signs of progress, we have much more work to do to reach the many households who still face trouble and to help the market recover. To help responsible homeowners, we have to make it easier for people to refinance at interest rates that are now near 4% – putting hundreds of dollars in real savings back in their pockets each month, and giving a boost to our fragile economy.”

Tags: September Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD
Treasury Department

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 7, 2011 (Chris Moore)

The housing market was a mixed bag in September as loan performance overall declined slightly along with existing home sales, while new home sales showed improvement along with foreclosure starts and sales, but overall, things looked better than they did a year ago according to the latest release of the Obama Administration’s Housing Scorecard.

Loan performance was mixed in September with sub-prime mortgages showing the most improvement. At the end of September, prime mortgages that were at least 30 days or more delinquent remained unchanged from 4.4 percent in August but were down from 5.2 percent posted in August of 2010.

Performance of sub-prime mortgages improved as loans that were 30 days or more delinquent fell to 31.8 percent in September, down from 32.1 percent in August, and down from 36.4 percent reported a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased in September to 12.4 percent, up from 12.1 percent in August. The delinquency rate on FHA loans a year ago was 12.7 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, increased with 1.481 million loans in trouble at the end of September, up from 1.472 million in August but down from 1.660 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.738 million in September, up from 1.725 million in August but down from 1.827 million in September of last year.

Loans insured by the FHA that were seriously delinquent increased to 635,000 in September, up from 612,000 in August and also up from 574,000 in September 2010.

Since the beginning of the government’s mortgage assistance efforts in 2009 until the end of September 2011, over 5.3 million modification arrangements have been started. In September, 40,141 homeowners received a permanent loan modification through the Homeowner Affordable Modification Program (HAMP) while 25,974 trial modifications were started raising the total amount of all permanent modifications started to 856,974.

To date, homeowners that have received a permanent loan modification through HAMP saved a median of $516 per month on their mortgage payment, more than a one-third of their median before-modification payment.

HOPE NOW proprietary modifications increased slightly in September to 55,800 modifications from a revised 55,700 modifications in August.

Home prices were generally flat with two out of the three indices used in the Housing Scorecard posting very modest gains while one posted a slight decline.

Sales of new homes increased by a seasonally adjusted 0.6 percent from August to September while sales of existing homes decreased by a seasonally adjusted 0.3 percent.

The inventory of existing homes increased in September to an 8.5 months supply, up from a revised 8.4 months supply of homes for sale in August. New home inventory decreased to a 6.2 months supply of inventory, down from a 6.6 months supply in August.

Both foreclosure starts and foreclosure sales declined in September with starts falling 10.4 percent and foreclosure sales declining 6.0 percent. Compared to a year ago, foreclosure starts and sales are down substantially with starts down 31.0 percent and foreclosure sales down 44.6 percent.

HUD Assistant Secretary Raphael Bostic said, “The housing data in this month’s Scorecard illustrate how complex the market is and why the Obama Administration has chosen a variety of approaches to help spur recovery. Last month we saw a continued fall in mortgage defaults, due in part to our foreclosure prevention programs reaching more borrowers upstream in the process. And in the last quarter, a million more homeowners refinanced their loans under some of the lowest interest rates in history. But despite these signs of progress, we have much more work to do to reach the many households who still face trouble and to help the market recover. To help responsible homeowners, we have to make it easier for people to refinance at interest rates that are now near 4% – putting hundreds of dollars in real savings back in their pockets each month, and giving a boost to our fragile economy.”

Tags: September Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD
Treasury Department

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 7, 2011 (Chris Moore)

The housing market was a mixed bag in September as loan performance overall declined slightly along with existing home sales, while new home sales showed improvement along with foreclosure starts and sales, but overall, things looked better than they did a year ago according to the latest release of the Obama Administration’s Housing Scorecard.

Loan performance was mixed in September with sub-prime mortgages showing the most improvement. At the end of September, prime mortgages that were at least 30 days or more delinquent remained unchanged from 4.4 percent in August but were down from 5.2 percent posted in August of 2010.

Performance of sub-prime mortgages improved as loans that were 30 days or more delinquent fell to 31.8 percent in September, down from 32.1 percent in August, and down from 36.4 percent reported a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) increased in September to 12.4 percent, up from 12.1 percent in August. The delinquency rate on FHA loans a year ago was 12.7 percent.

Seriously delinquent prime mortgages, those that are 90 days or more past due, increased with 1.481 million loans in trouble at the end of September, up from 1.472 million in August but down from 1.660 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.738 million in September, up from 1.725 million in August but down from 1.827 million in September of last year.

Loans insured by the FHA that were seriously delinquent increased to 635,000 in September, up from 612,000 in August and also up from 574,000 in September 2010.

Since the beginning of the government’s mortgage assistance efforts in 2009 until the end of September 2011, over 5.3 million modification arrangements have been started. In September, 40,141 homeowners received a permanent loan modification through the Homeowner Affordable Modification Program (HAMP) while 25,974 trial modifications were started raising the total amount of all permanent modifications started to 856,974.

To date, homeowners that have received a permanent loan modification through HAMP saved a median of $516 per month on their mortgage payment, more than a one-third of their median before-modification payment.

HOPE NOW proprietary modifications increased slightly in September to 55,800 modifications from a revised 55,700 modifications in August.

Home prices were generally flat with two out of the three indices used in the Housing Scorecard posting very modest gains while one posted a slight decline.

Sales of new homes increased by a seasonally adjusted 0.6 percent from August to September while sales of existing homes decreased by a seasonally adjusted 0.3 percent.

The inventory of existing homes increased in September to an 8.5 months supply, up from a revised 8.4 months supply of homes for sale in August. New home inventory decreased to a 6.2 months supply of inventory, down from a 6.6 months supply in August.

Both foreclosure starts and foreclosure sales declined in September with starts falling 10.4 percent and foreclosure sales declining 6.0 percent. Compared to a year ago, foreclosure starts and sales are down substantially with starts down 31.0 percent and foreclosure sales down 44.6 percent.

HUD Assistant Secretary Raphael Bostic said, “The housing data in this month’s Scorecard illustrate how complex the market is and why the Obama Administration has chosen a variety of approaches to help spur recovery. Last month we saw a continued fall in mortgage defaults, due in part to our foreclosure prevention programs reaching more borrowers upstream in the process. And in the last quarter, a million more homeowners refinanced their loans under some of the lowest interest rates in history. But despite these signs of progress, we have much more work to do to reach the many households who still face trouble and to help the market recover. To help responsible homeowners, we have to make it easier for people to refinance at interest rates that are now near 4% – putting hundreds of dollars in real savings back in their pockets each month, and giving a boost to our fragile economy.”

Tags: September Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD
Treasury Department

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