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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
hope now
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
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Loan Modifications Decline in February According to HOPE NOW

2011-04-08T02:50:39-07:00

April 8, 2011 (Shirley Allen) HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification report, which shows approximately 61,000 proprietary loan modifications and 26,147 Home Affordable Modification Program (HAMP) modifications were completed, for an estimated total of 87,000 completed modifications. The total [...]

Loan Modifications Decline in February According to HOPE NOW2011-04-08T02:50:39-07:00

Obama’s March Scorecard: Housing Market Remains Fragile

2011-04-04T03:19:08-07:00

April 4, 2011 (Chris Moore) The Obama Administration released the March edition of the Housing Scorecard, cautioning that the latest housing figures underscore fragility in the housing market and the need to continue efforts to help families stay in their homes. Citing figures from CoreLogic, home prices remain weak under continued strain from foreclosures and [...]

Obama’s March Scorecard: Housing Market Remains Fragile2011-04-04T03:19:08-07:00

Chronicles of a Loan Modification

2011-03-15T04:50:35-07:00

March 15, 2011 (Chris Moore) In a presentation for investors, Bank of America chronicled the life and times of 100 random mortgage loans that were 60 days or more delinquent on their way down the path to a permanent HAMP loan modification. HAMP is in the House Financial Services Committee’s crosshairs this week, aiming to [...]

Chronicles of a Loan Modification2011-03-15T04:50:35-07:00

Loan Modifications Decrease in January

2011-03-11T04:50:50-07:00

March 11, 2011 (Jeff Alan) The amount of permanent loan modifications through the HOPE NOW alliance of mortgage servicers, investors, and insurers decreased to just under 101,000 in January from 111,000 in December 2010. Of the January total, 73,000 were proprietary modifications, while 28,000 permanent modifications were done through the governments Home Affordable Modification Program [...]

Loan Modifications Decrease in January2011-03-11T04:50:50-07:00

Mortgage Modifications Drop; Mod Defaults to Rise

2011-02-08T05:00:25-07:00

February 8, 2011 (Chris Moore) Credit rating agency Fitch Ratings reported that mortgage servicers modified 36,500 mortgages through government and proprietary programs in December 2010, down 57% from the peak of 86,500 in April 2009. Fitch also stated that based on current and expected inventory, it will take four years to remove the backlog of [...]

Mortgage Modifications Drop; Mod Defaults to Rise2011-02-08T05:00:25-07:00

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