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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
REO
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
REO

CoreLogic HPI: Home Prices Continue Bumpy Ride

2011-02-09T05:15:58-07:00

February 9, 2011 (Jeff Alan) CoreLogic released its December Home Price Index (HPI) which shows that home prices continued their bumpy ride, declining for the fifth month in a row. According to the HPI, national home prices, including distressed sales, declined by 5.46 percent in December 2010 compared to December 2009 and declined by 4.39 [...]

CoreLogic HPI: Home Prices Continue Bumpy Ride2011-02-09T05:15:58-07:00

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

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

Rehabbed Foreclosures Sell Faster

2011-01-14T05:00:31-07:00

January 14, 2011 (Shirley Allen) According to a recent independent study conducted by Field Asset Services, Real Estate Owned (REO) properties that are not rehabilitated before being sold spend an average of 222 days on the market but when the property is properly rehabilitated, it sells roughly five months sooner. Read more...

Rehabbed Foreclosures Sell Faster2011-01-14T05:00:31-07:00

Mortgage Fraud Is on the Rise Again

2011-01-04T05:00:50-07:00

January 4 2011 (Jeff Alan) CoreLogic has released a third quarter update to its annual Mortgage Fraud Trends Report revealing that mortgage fraud continues to rise since its lowest levels in 2009. Most of the increased fraud risk is attributed to the Federal Housing Authority (FHA) and the Home Affordable Refinance Program (HARP) and while [...]

Mortgage Fraud Is on the Rise Again2011-01-04T05:00:50-07:00

Foreclosed Homes Account for 25% of Home Sales

2010-12-03T12:17:33-07:00

December 3 2010 (Jeff Alan) RealtyTrac has released its third quarter 2010 U.S. Foreclosure Sales Report, which shows that a total of 188,748 U.S. properties in some stage of foreclosure, whether it be by default, scheduled for auction or real estate-owned (REO), sold to third parties in the third quarter, a decrease of 25 percent [...]

Foreclosed Homes Account for 25% of Home Sales2010-12-03T12:17:33-07:00

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