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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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.
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mortgage defaults
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
mortgage defaults
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
mortgage defaults

Will You Walk Away from Your Mortgage?

2011-10-13T00:46:03-07:00

October 13, 2011 (Chris Moore) An estimated 35 percent of all mortgage defaults are strategic whereby borrowers who are financially capable of making their mortgage payment choose to default. Strategic defaults account for more than $20 billion of all defaults annually and are expected to persist for the foreseeable future. […]

Will You Walk Away from Your Mortgage?2011-10-13T00:46:03-07:00

Strategic Defaults Remain High, No Relief in Sight

2011-06-24T02:08:55-07:00

June 24, 2011 (Jeff Alan) Strategic defaults still remain high according to a recently released report from credit bureau giant Experian. According to the most recent data available through the second quarter of 2010, seventeen percent of all mortgages that were 60 days or more past due resulted in strategic defaults. […]

Strategic Defaults Remain High, No Relief in Sight2011-06-24T02:08:55-07:00

Mortgage-Only Defaulters Perform Better on New Loans

2011-06-03T02:08:05-07:00

June 3, 2011 (Chris Moore) Are borrowers who only defaulted on their mortgage loans during the economic downturn a better credit risk than borrowers who defaulted on their mortgage loans and their other debt, such as car loans and credit cards? A recent study by credit bureau giant TransUnion would suggest that they are. [...]

Mortgage-Only Defaulters Perform Better on New Loans2011-06-03T02:08:05-07:00

Did Bankruptcy Reform Increase Mortgage Defaults?

2011-02-24T04:55:37-07:00

February 24, 2011 (Chris Moore) Recent research and studies are calling into question whether or not the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was a contributor to the ensuing mortgage crisis and economic recession. Researchers in the study claim that immediately following the implementation of the bankruptcy reform, the number of [...]

Did Bankruptcy Reform Increase Mortgage Defaults?2011-02-24T04:55:37-07:00

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

Mortgage Defaults Rise in November

2010-12-24T05:30:20-07:00

December 24, 2010 (Jeff Alan) Standard & Poor's/Experian Consumer Credit Default report for December, released on Tuesday, showed a rise in monthly default rates for first and second mortgages to 3.05% and 1.80% in November 2010. It was the first time since December 2009 that the index has risen, although the year-over-year decline is 38.84 [...]

Mortgage Defaults Rise in November2010-12-24T05:30:20-07:00