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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.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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delinquent loans
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
delinquent loans

Fannie Mae Tightens Foreclosure Rules on Mortgage Servicers

2011-06-08T01:22:44-07:00

June 8, 2011 (Chris Moore) Fannie Mae has issued new rules for mortgage servicers as a first step in the implementation of the Aligned Servicing Requirement announced by the Federal Housing Finance Agency (FHFA) in April of 2011. Mortgage servicers will now have to achieve new standards in managing delinquent loans, default prevention, and foreclosure [...]

Fannie Mae Tightens Foreclosure Rules on Mortgage Servicers2011-06-08T01:22:44-07:00

LPS: Foreclosure Inventory Up, But Slowing

2011-02-09T05:00:08-07:00

February 9, 2011 (Shirley Allen) Lender Processing Services (LPS) released its December Mortgage Monitor report and disclosed that foreclosure activity continues to climb but new foreclosure proceedings declined slightly. Incredibly, nearly 6.9 million homes are now in some stage of delinquency or foreclosure, with foreclosures being 7.8 times historical averages and the total number of [...]

LPS: Foreclosure Inventory Up, But Slowing2011-02-09T05:00:08-07:00

S&P Predicts Four Years to Clear Distressed Properties

2011-02-04T05:45:26-07:00

February 4, 2011 (Jeff Alan) Standard and Poor’s Rating Service (S&P) has released its “Fourth-Quarter Shadow Inventory Update” and predicts that it will take more than four years to clear the shadow inventory of distressed properties. The prediction is an 11 percent increase from the third quarter of 2010 and a 40 percent increase from [...]

S&P Predicts Four Years to Clear Distressed Properties2011-02-04T05:45:26-07:00

Foreclosure Inventory Rises for Fifth Straight Month

2010-12-28T05:00:49-07:00

December 28 2010 (Jeff Alan) Lender Processing Services (LPD) has released it November Mortgage Monitor report and the news wasn’t good. Foreclosure inventories continued to rise for the fifth straight month as delinquent accounts are referred for foreclosure, but the sale of foreclosure properties continued to decline. Read more...

Foreclosure Inventory Rises for Fifth Straight Month2010-12-28T05:00:49-07:00

Is HAMP A Failure?

2010-11-07T16:47:41-07:00

November 7 2010 (Chris Moore) When the Obama Administration launched it’s highly touted home loan modification program, Making Home Affordable Program (HAMP), in February 2009, the goal at the time was to save 4,000,000 homeowners from foreclosure and yet 18 months later just over10% of that goal has been met. When Obama unveiled his signature [...]

Is HAMP A Failure?2010-11-07T16:47:41-07:00

Government-backed REO’s Continue to Rise

2010-11-07T00:14:21-07:00

November 7 2010 (Shirley Allen) The combined REO (Real Estate Owned) inventory for Fannie Mae, Freddie Mac, and the Federal Housing Authority (FHA) increased by 24 percent at the end of the third quarter of 2010 compared to the second quarter of 2010. The REO inventory increased 92 percent compared to the third quarter of [...]

Government-backed REO’s Continue to Rise2010-11-07T00:14:21-07:00

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