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Wells Fargo: 9k Active Trial/Loan Modifications in June
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
Wells Fargo: 9k Active Trial/Loan Modifications in June
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
Wells Fargo: 9k Active Trial/Loan Modifications in June

August 13, 2012 (Jeff Alan)

Wells Fargo reports that 9,342 active trial or completed loan modifications were started in June bringing the total amount of trial and completed modifications to 781,099 since its mortgage relief efforts began in April 2009.

About 80 percent of those loans, 7,486, were modified through the company’s own loan modification programs while the remaining 20 percent, 1,856, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in May 2009, about 84 percent of their total active trial and completed loan modifications, 656,195, have been modified through the company’s own loan modification programs while the remaining 16 percent, 124,904, were modified through HAMP.

Over ninety-three percent of Wells Fargo’s loan customers remained current on their home loans through the second quarter of 2012 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

According to the latest information released in the Obama Administration’s July Housing Scorecard, out of the top 10 mortgage servicers in the United States, only J.P. Morgan Chase and Bank of America had exceeded Wells Fargo in the number of active HAMP trial modifications through the end May. Wells Fargo also had the highest conversion rate with 90 percent of its eligible HAMP trial modifications converting to permanent modifications since June 1, 2010

J.P. Morgan Chase had almost fifteen thousand active trial or completed HAMP modifications in May (latest data available) while Bank of America had just over thirteen thousand.

Since the government’s mortgage relief efforts began in 2009 through the end of May, among the top ten mortgage servicers in the country, the number of active permanent loan modifications completed by Wells Fargo under HAMP has only been surpassed by Bank of America (184,000) and J.P. Morgan Chase (165,000), all three of which make up almost half of all permanent HAMP loan modifications.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

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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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.
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August 13, 2012 (Jeff Alan)

Wells Fargo reports that 9,342 active trial or completed loan modifications were started in June bringing the total amount of trial and completed modifications to 781,099 since its mortgage relief efforts began in April 2009.

About 80 percent of those loans, 7,486, were modified through the company’s own loan modification programs while the remaining 20 percent, 1,856, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in May 2009, about 84 percent of their total active trial and completed loan modifications, 656,195, have been modified through the company’s own loan modification programs while the remaining 16 percent, 124,904, were modified through HAMP.

Over ninety-three percent of Wells Fargo’s loan customers remained current on their home loans through the second quarter of 2012 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

According to the latest information released in the Obama Administration’s July Housing Scorecard, out of the top 10 mortgage servicers in the United States, only J.P. Morgan Chase and Bank of America had exceeded Wells Fargo in the number of active HAMP trial modifications through the end May. Wells Fargo also had the highest conversion rate with 90 percent of its eligible HAMP trial modifications converting to permanent modifications since June 1, 2010

J.P. Morgan Chase had almost fifteen thousand active trial or completed HAMP modifications in May (latest data available) while Bank of America had just over thirteen thousand.

Since the government’s mortgage relief efforts began in 2009 through the end of May, among the top ten mortgage servicers in the country, the number of active permanent loan modifications completed by Wells Fargo under HAMP has only been surpassed by Bank of America (184,000) and J.P. Morgan Chase (165,000), all three of which make up almost half of all permanent HAMP loan modifications.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

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

August 13, 2012 (Jeff Alan)

Wells Fargo reports that 9,342 active trial or completed loan modifications were started in June bringing the total amount of trial and completed modifications to 781,099 since its mortgage relief efforts began in April 2009.

About 80 percent of those loans, 7,486, were modified through the company’s own loan modification programs while the remaining 20 percent, 1,856, were modified through the federal government’s Home Affordable Modification Program (HAMP).

Since Wells Fargo’s mortgage relief efforts began in May 2009, about 84 percent of their total active trial and completed loan modifications, 656,195, have been modified through the company’s own loan modification programs while the remaining 16 percent, 124,904, were modified through HAMP.

Over ninety-three percent of Wells Fargo’s loan customers remained current on their home loans through the second quarter of 2012 and less than two percent of the owner-occupied loans in their mortgage servicing portfolio have resulted in a foreclosure sale over the last year.

According to the latest information released in the Obama Administration’s July Housing Scorecard, out of the top 10 mortgage servicers in the United States, only J.P. Morgan Chase and Bank of America had exceeded Wells Fargo in the number of active HAMP trial modifications through the end May. Wells Fargo also had the highest conversion rate with 90 percent of its eligible HAMP trial modifications converting to permanent modifications since June 1, 2010

J.P. Morgan Chase had almost fifteen thousand active trial or completed HAMP modifications in May (latest data available) while Bank of America had just over thirteen thousand.

Since the government’s mortgage relief efforts began in 2009 through the end of May, among the top ten mortgage servicers in the country, the number of active permanent loan modifications completed by Wells Fargo under HAMP has only been surpassed by Bank of America (184,000) and J.P. Morgan Chase (165,000), all three of which make up almost half of all permanent HAMP loan modifications.

Tags: Wells Fargo, trial modification, completed modifications, loan modifications, HAMP, borrowers, Housing Scorecard

Source:
Wells Fargo

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