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
Stricter Lending Guidelines Leads to Higher Quality Mortgages
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
Stricter Lending Guidelines Leads to Higher Quality Mortgages
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
Stricter Lending Guidelines Leads to Higher Quality Mortgages

February 14, 2012 (Shirley Allen)

Although tougher credit criteria for obtaining a mortgage has definitely hampered the recovery of the housing market, it has also resulted in some of the best quality mortgage originations on record according to the Mortgage Monitor Report released by Lender Processing Services (LPS).

Ninety-day default rates from vintage mortgage originations in 2010 and 2011 are below all previous years dating back to 2005, likely the result of stricter lending standards by mortgage servicers.

In 2011, 44 percent of vintage originations had a credit score equal to or greater than 720 and loan-to-value ratio of less than 80 percent. In 2005, 36 percent of the originations met that criteria and in 2008 only 34 percent of the vintage originations met that criteria.

The result has been 90-day default rates that are over half of what they were in 2005 after just 10 months and over four times less than what they were in 2008.

Delinquencies held steady in December as the total number of loans that were 30 days or more past due, but not yet in foreclosure, remained unchanged from the previous month at 8.15 percent. The delinquency rate was still 7.7 percent lower than what it was in December 2010.

The number of properties in the foreclosure inventory declined 2.7 percent in December to a total of 2.066 million, down from 2.116 million properties in November, a decline of 50,000 properties.

The number of properties in the shadow inventory also declined, falling from 1.809 million properties in November to 1.792 million properties in December, a decrease of 15,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.260 million in November to 6.167 million in December, a decline of 1.5 percent.

Earlier highlights from LPS’s “First Look” report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.15% compared to 8.15% in November 2011

Month-over-month change in delinquency rate: 0.0% compared to 2.7% in November 2011

Year-over-year change in delinquency rate: -7.7% compared to -9.6% in November 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.16% in November 2011

Month-over-month change in foreclosure presale inventory rate: -31.3% compared to -3.0% in November 2011

Year-over-year change in foreclosure presale inventory rate: -1.0% compared to 2.0% in November 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,101,000 compared to 4,144,000 in November 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,792,000 compared to 1,809,000 in November 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,066,000 compared to 2,116,000 in November 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,167,000 compared to 6,260,000 in November 2011

States with highest percentage of non-current* loans: FL, MS, NV, NJ, IL (FL, MS, NV, NJ, IL in November 2011)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, SD, WY, AK, ND in November 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

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

February 14, 2012 (Shirley Allen)

Although tougher credit criteria for obtaining a mortgage has definitely hampered the recovery of the housing market, it has also resulted in some of the best quality mortgage originations on record according to the Mortgage Monitor Report released by Lender Processing Services (LPS).

Ninety-day default rates from vintage mortgage originations in 2010 and 2011 are below all previous years dating back to 2005, likely the result of stricter lending standards by mortgage servicers.

In 2011, 44 percent of vintage originations had a credit score equal to or greater than 720 and loan-to-value ratio of less than 80 percent. In 2005, 36 percent of the originations met that criteria and in 2008 only 34 percent of the vintage originations met that criteria.

The result has been 90-day default rates that are over half of what they were in 2005 after just 10 months and over four times less than what they were in 2008.

Delinquencies held steady in December as the total number of loans that were 30 days or more past due, but not yet in foreclosure, remained unchanged from the previous month at 8.15 percent. The delinquency rate was still 7.7 percent lower than what it was in December 2010.

The number of properties in the foreclosure inventory declined 2.7 percent in December to a total of 2.066 million, down from 2.116 million properties in November, a decline of 50,000 properties.

The number of properties in the shadow inventory also declined, falling from 1.809 million properties in November to 1.792 million properties in December, a decrease of 15,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.260 million in November to 6.167 million in December, a decline of 1.5 percent.

Earlier highlights from LPS’s “First Look” report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.15% compared to 8.15% in November 2011

Month-over-month change in delinquency rate: 0.0% compared to 2.7% in November 2011

Year-over-year change in delinquency rate: -7.7% compared to -9.6% in November 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.16% in November 2011

Month-over-month change in foreclosure presale inventory rate: -31.3% compared to -3.0% in November 2011

Year-over-year change in foreclosure presale inventory rate: -1.0% compared to 2.0% in November 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,101,000 compared to 4,144,000 in November 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,792,000 compared to 1,809,000 in November 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,066,000 compared to 2,116,000 in November 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,167,000 compared to 6,260,000 in November 2011

States with highest percentage of non-current* loans: FL, MS, NV, NJ, IL (FL, MS, NV, NJ, IL in November 2011)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, SD, WY, AK, ND in November 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

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

February 14, 2012 (Shirley Allen)

Although tougher credit criteria for obtaining a mortgage has definitely hampered the recovery of the housing market, it has also resulted in some of the best quality mortgage originations on record according to the Mortgage Monitor Report released by Lender Processing Services (LPS).

Ninety-day default rates from vintage mortgage originations in 2010 and 2011 are below all previous years dating back to 2005, likely the result of stricter lending standards by mortgage servicers.

In 2011, 44 percent of vintage originations had a credit score equal to or greater than 720 and loan-to-value ratio of less than 80 percent. In 2005, 36 percent of the originations met that criteria and in 2008 only 34 percent of the vintage originations met that criteria.

The result has been 90-day default rates that are over half of what they were in 2005 after just 10 months and over four times less than what they were in 2008.

Delinquencies held steady in December as the total number of loans that were 30 days or more past due, but not yet in foreclosure, remained unchanged from the previous month at 8.15 percent. The delinquency rate was still 7.7 percent lower than what it was in December 2010.

The number of properties in the foreclosure inventory declined 2.7 percent in December to a total of 2.066 million, down from 2.116 million properties in November, a decline of 50,000 properties.

The number of properties in the shadow inventory also declined, falling from 1.809 million properties in November to 1.792 million properties in December, a decrease of 15,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.260 million in November to 6.167 million in December, a decline of 1.5 percent.

Earlier highlights from LPS’s “First Look” report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.15% compared to 8.15% in November 2011

Month-over-month change in delinquency rate: 0.0% compared to 2.7% in November 2011

Year-over-year change in delinquency rate: -7.7% compared to -9.6% in November 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.16% in November 2011

Month-over-month change in foreclosure presale inventory rate: -31.3% compared to -3.0% in November 2011

Year-over-year change in foreclosure presale inventory rate: -1.0% compared to 2.0% in November 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,101,000 compared to 4,144,000 in November 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,792,000 compared to 1,809,000 in November 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,066,000 compared to 2,116,000 in November 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,167,000 compared to 6,260,000 in November 2011

States with highest percentage of non-current* loans: FL, MS, NV, NJ, IL (FL, MS, NV, NJ, IL in November 2011)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, SD, WY, AK, ND in November 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

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