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Shadow Inventory Gets a Little Smaller
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
Shadow Inventory Gets a Little Smaller
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
Shadow Inventory Gets a Little Smaller

June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

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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June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

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

June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

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