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
States That Take the Longest to Foreclose
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
States That Take the Longest to Foreclose
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
States That Take the Longest to Foreclose

January 4 2010 (Shirley Allen)
Foreclosure-timeline-image
California, New York, Florida, Maryland, and Massachusetts are among the nation’s slowest to refer for foreclosure according to information released by LPS Applied Analytics. In California, the typical foreclosure takes approximately one year from the time the borrower missed their third payment until the loan was referred for foreclosure.

Along with that, Anthony Renzi, executive vice president of Single-Family Portfolio Management at Freddie Mac, released some interesting facts today about Freddie Mac in his Executive Perspective Blog on Freddie’s website:

1. Freddie Mac owns or guarantees about 12.4 million single-family mortgages. Less than 500,000 of these loans are seriously delinquent (i.e., 90 days or more behind on payments). So while we account for some 23 percent of the market, we account for only about 10 percent of the serious delinquencies.

2. We pay the loan servicing industry about $5 billion per year to service our loans. We offer additional financial incentives for servicers to avoid foreclosure.

3. Through the first nine months of 2010, nearly 211,000 delinquent borrowers with Freddie Mac loans avoided foreclosure. That’s almost double the 114,000 foreclosures that took place.

4. We expect servicers to treat borrowers fairly, with respect, and in full compliance with all applicable laws, regulations, and Freddie Mac policies. We have taken action when servicers have not complied.

5. Borrowers are not being rushed through the foreclosure process. It takes 449 days, on average, to complete a foreclosure on a Freddie Mac loan. In these foreclosures, borrowers had been behind on their payments for an average of more than a year.

6. Lengthy foreclosure delays impose losses on Freddie Mac and taxpayers: $10,000-$15,000 per year for every defaulted loan.

7. Freddie Mac gives servicers the authority to stop or suspend a foreclosure action whenever there is opportunity for an alternative, such as a loan workout, short sale, or deed-in-lieu of foreclosure. Our servicers have had this authority for more than 20 years – and they know we’re committed to avoiding foreclosure.

See the map below to see how long it takes your state to foreclose on homes:
foreclosure-by-state-image
Information (map) provided by LPS Applied Analytics

Tags: foreclosure, state foreclosure rates, freddie mac, single-family mortgages, borrowers mortgage loans, delinquent borrowers, loans

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

January 4 2010 (Shirley Allen)
Foreclosure-timeline-image
California, New York, Florida, Maryland, and Massachusetts are among the nation’s slowest to refer for foreclosure according to information released by LPS Applied Analytics. In California, the typical foreclosure takes approximately one year from the time the borrower missed their third payment until the loan was referred for foreclosure.

Along with that, Anthony Renzi, executive vice president of Single-Family Portfolio Management at Freddie Mac, released some interesting facts today about Freddie Mac in his Executive Perspective Blog on Freddie’s website:

1. Freddie Mac owns or guarantees about 12.4 million single-family mortgages. Less than 500,000 of these loans are seriously delinquent (i.e., 90 days or more behind on payments). So while we account for some 23 percent of the market, we account for only about 10 percent of the serious delinquencies.

2. We pay the loan servicing industry about $5 billion per year to service our loans. We offer additional financial incentives for servicers to avoid foreclosure.

3. Through the first nine months of 2010, nearly 211,000 delinquent borrowers with Freddie Mac loans avoided foreclosure. That’s almost double the 114,000 foreclosures that took place.

4. We expect servicers to treat borrowers fairly, with respect, and in full compliance with all applicable laws, regulations, and Freddie Mac policies. We have taken action when servicers have not complied.

5. Borrowers are not being rushed through the foreclosure process. It takes 449 days, on average, to complete a foreclosure on a Freddie Mac loan. In these foreclosures, borrowers had been behind on their payments for an average of more than a year.

6. Lengthy foreclosure delays impose losses on Freddie Mac and taxpayers: $10,000-$15,000 per year for every defaulted loan.

7. Freddie Mac gives servicers the authority to stop or suspend a foreclosure action whenever there is opportunity for an alternative, such as a loan workout, short sale, or deed-in-lieu of foreclosure. Our servicers have had this authority for more than 20 years – and they know we’re committed to avoiding foreclosure.

See the map below to see how long it takes your state to foreclose on homes:
foreclosure-by-state-image
Information (map) provided by LPS Applied Analytics

Tags: foreclosure, state foreclosure rates, freddie mac, single-family mortgages, borrowers mortgage loans, delinquent borrowers, loans

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

January 4 2010 (Shirley Allen)
Foreclosure-timeline-image
California, New York, Florida, Maryland, and Massachusetts are among the nation’s slowest to refer for foreclosure according to information released by LPS Applied Analytics. In California, the typical foreclosure takes approximately one year from the time the borrower missed their third payment until the loan was referred for foreclosure.

Along with that, Anthony Renzi, executive vice president of Single-Family Portfolio Management at Freddie Mac, released some interesting facts today about Freddie Mac in his Executive Perspective Blog on Freddie’s website:

1. Freddie Mac owns or guarantees about 12.4 million single-family mortgages. Less than 500,000 of these loans are seriously delinquent (i.e., 90 days or more behind on payments). So while we account for some 23 percent of the market, we account for only about 10 percent of the serious delinquencies.

2. We pay the loan servicing industry about $5 billion per year to service our loans. We offer additional financial incentives for servicers to avoid foreclosure.

3. Through the first nine months of 2010, nearly 211,000 delinquent borrowers with Freddie Mac loans avoided foreclosure. That’s almost double the 114,000 foreclosures that took place.

4. We expect servicers to treat borrowers fairly, with respect, and in full compliance with all applicable laws, regulations, and Freddie Mac policies. We have taken action when servicers have not complied.

5. Borrowers are not being rushed through the foreclosure process. It takes 449 days, on average, to complete a foreclosure on a Freddie Mac loan. In these foreclosures, borrowers had been behind on their payments for an average of more than a year.

6. Lengthy foreclosure delays impose losses on Freddie Mac and taxpayers: $10,000-$15,000 per year for every defaulted loan.

7. Freddie Mac gives servicers the authority to stop or suspend a foreclosure action whenever there is opportunity for an alternative, such as a loan workout, short sale, or deed-in-lieu of foreclosure. Our servicers have had this authority for more than 20 years – and they know we’re committed to avoiding foreclosure.

See the map below to see how long it takes your state to foreclose on homes:
foreclosure-by-state-image
Information (map) provided by LPS Applied Analytics

Tags: foreclosure, state foreclosure rates, freddie mac, single-family mortgages, borrowers mortgage loans, delinquent borrowers, loans

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