You're Now Reading:
Foreclosure Sales Hit Five Year Low as Foreclosure Starts Skyrocket
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Foreclosure Sales Hit Five Year Low as Foreclosure Starts Skyrocket
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Foreclosure Sales Hit Five Year Low as Foreclosure Starts Skyrocket
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

Foreclosure sales fell to a five year low in February according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure starts jumped nearly 16 percent from the previous month and are up 71 percent since October.

Completed foreclosure sales fell from 62,395 in January to 49,135 in February, the lowest level of foreclosure sales since December 2007.

Meanwhile, monthly foreclosure starts continued to climb for the fourth consecutive month. Foreclosure starts jumped 15.9 percent from January, climbing from 167,232 to 193,860 in February.

Using a three month rolling average, a total of 81,351 homeowners received permanent, proprietary loan modifications in February, up 6.0 percent from the 76,755 loan modifications in January.

Of the proprietary loan modifications completed in February, eighty-six percent (56,637) included reduced monthly principal and interest payments, with 79 percent (52,145) receiving a reduction of more than 10 percent. In addition, ninety-two percent (60,845) of the loan modifications received fixed interest rate loans of five years or more.

Short sales fell by almost 11 percent from the previous month as a total of 26,388 short sales were completed in February compared to 29,648 in January.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.535 million loans in January to 2.482 million in February.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

Reported by Shirley Allen

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

Foreclosure sales fell to a five year low in February according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure starts jumped nearly 16 percent from the previous month and are up 71 percent since October.

Completed foreclosure sales fell from 62,395 in January to 49,135 in February, the lowest level of foreclosure sales since December 2007.

Meanwhile, monthly foreclosure starts continued to climb for the fourth consecutive month. Foreclosure starts jumped 15.9 percent from January, climbing from 167,232 to 193,860 in February.

Using a three month rolling average, a total of 81,351 homeowners received permanent, proprietary loan modifications in February, up 6.0 percent from the 76,755 loan modifications in January.

Of the proprietary loan modifications completed in February, eighty-six percent (56,637) included reduced monthly principal and interest payments, with 79 percent (52,145) receiving a reduction of more than 10 percent. In addition, ninety-two percent (60,845) of the loan modifications received fixed interest rate loans of five years or more.

Short sales fell by almost 11 percent from the previous month as a total of 26,388 short sales were completed in February compared to 29,648 in January.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.535 million loans in January to 2.482 million in February.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

Reported by Shirley Allen

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Foreclosure sales fell to a five year low in February according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure starts jumped nearly 16 percent from the previous month and are up 71 percent since October.

Completed foreclosure sales fell from 62,395 in January to 49,135 in February, the lowest level of foreclosure sales since December 2007.

Meanwhile, monthly foreclosure starts continued to climb for the fourth consecutive month. Foreclosure starts jumped 15.9 percent from January, climbing from 167,232 to 193,860 in February.

Using a three month rolling average, a total of 81,351 homeowners received permanent, proprietary loan modifications in February, up 6.0 percent from the 76,755 loan modifications in January.

Of the proprietary loan modifications completed in February, eighty-six percent (56,637) included reduced monthly principal and interest payments, with 79 percent (52,145) receiving a reduction of more than 10 percent. In addition, ninety-two percent (60,845) of the loan modifications received fixed interest rate loans of five years or more.

Short sales fell by almost 11 percent from the previous month as a total of 26,388 short sales were completed in February compared to 29,648 in January.

The number of homeowners that were at least 60 days or more past due declined during the month, falling from 2.535 million loans in January to 2.482 million in February.

Tags: HOPE NOW, private sector alliance, mortgage servicers, loan modifications, fixed rate mortgages, delinquencies, proprietary modifications, foreclosure starts, foreclosure sales

Source:
HOPE NOW

Reported by Shirley Allen

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.