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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
foreclosure process
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
foreclosure process

Foreclosure Inventories Increase Even as Defaults Decline

2011-06-17T02:26:48-07:00

June 17, 2011 (Jeff Alan) The inventory of unsold bank Real Estate Owned (REO) properties continues to increase even as year-over-year foreclosure activity continues to decline according to the latest data from RealtyTrac’s Foreclosure Market Report, which cites weak buyer demand as the main culprit. […]

Foreclosure Inventories Increase Even as Defaults Decline2011-06-17T02:26:48-07:00

Non-Judicial States Foreclose in Half the Time

2011-03-07T04:50:06-07:00

March 7, 2011 (Jeff Alan) Recent research by credit rating agency Standard & Poor reveals that states that use a non-judicial foreclosure process do so in half the time than states that use a judicial foreclosure process. On average, lenders need 13 months to foreclose in a judicial state, more than twice the six months [...]

Non-Judicial States Foreclose in Half the Time2011-03-07T04:50:06-07:00

Foreclosure Inventory Ties All-Time High, Delinquencies Down

2011-02-18T05:00:32-07:00

February 18, 2011 (Chris Moore) The amount of U.S. homes that were in the foreclosure process at the end of 2010 matched the all time high as mortgage lenders and servicers delayed home foreclosures to investigate improper document charges spawning from the “robo-signing” controversy. According to the National Delinquency Survey released by the Mortgage Bankers [...]

Foreclosure Inventory Ties All-Time High, Delinquencies Down2011-02-18T05:00:32-07:00

Chase to Open 25 More Home Ownership Centers

2011-02-17T05:15:03-07:00

February 17, 2011 (Shirley Allen) JP Morgan Chase has announced that it plans on opening 25 more Home Ownership Centers throughout the United States in 2011. Chase has already opened 51 centers since 2009 to assist customers who have slipped into the foreclosure process or are seriously behind on their mortgage payments. Read more...

Chase to Open 25 More Home Ownership Centers2011-02-17T05:15:03-07:00

Equifax Measures Mortgage Default Likelihood

2011-02-11T05:45:24-07:00

February 11, 2011 (Chris Moore) Equifax has introduced a new method of calculating a borrower’s behavior and identify the likelihood of a mortgage default. It's a new metric called "default distance" and it measures the time lapse, in months, between when a borrower defaults on revolving debt, such as credit card or auto payments, and [...]

Equifax Measures Mortgage Default Likelihood2011-02-11T05:45:24-07:00

BofA Resumes Foreclosure Sales

2010-12-11T06:00:58-07:00

December 11 2010 (Brian Moore) Charlotte-based Bank of America has announced that it has restarted the sale of foreclosed homes that had been temporarily frozen in October as it reviewed its foreclosure processes. Read more...

BofA Resumes Foreclosure Sales2010-12-11T06:00:58-07:00

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