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Loan Modifications Decrease in January
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You're Now Reading:
Loan Modifications Decrease in January
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:
Loan Modifications Decrease in January
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March 11, 2011 (Jeff Alan)
mortgage-mod-sign-image
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 (HAMP).

Proprietary modifications are terms arranged privately between a borrower and their lender.

According to Hope Now, while permanent modifications did drop in January, they still outnumbered completed foreclosure sales, which rose sharply to 73,000 homes in the same month, up from 58,000 in December.

Foreclosure starts fell to 206,000 homes in January, down from 232,000 in December and the second-lowest tally since last June. HOPE NOW estimates that there are 3.08 million home loans 60 days past due in January, up from 3.03 in December.

Tags: HOPE NOW, permanent loan modifications, mortgage servicers, investors, insurers, proprietary modifications, foreclosures

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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
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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

March 11, 2011 (Jeff Alan)
mortgage-mod-sign-image
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 (HAMP).

Proprietary modifications are terms arranged privately between a borrower and their lender.

According to Hope Now, while permanent modifications did drop in January, they still outnumbered completed foreclosure sales, which rose sharply to 73,000 homes in the same month, up from 58,000 in December.

Foreclosure starts fell to 206,000 homes in January, down from 232,000 in December and the second-lowest tally since last June. HOPE NOW estimates that there are 3.08 million home loans 60 days past due in January, up from 3.03 in December.

Tags: HOPE NOW, permanent loan modifications, mortgage servicers, investors, insurers, proprietary modifications, foreclosures

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.

March 11, 2011 (Jeff Alan)
mortgage-mod-sign-image
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 (HAMP).

Proprietary modifications are terms arranged privately between a borrower and their lender.

According to Hope Now, while permanent modifications did drop in January, they still outnumbered completed foreclosure sales, which rose sharply to 73,000 homes in the same month, up from 58,000 in December.

Foreclosure starts fell to 206,000 homes in January, down from 232,000 in December and the second-lowest tally since last June. HOPE NOW estimates that there are 3.08 million home loans 60 days past due in January, up from 3.03 in December.

Tags: HOPE NOW, permanent loan modifications, mortgage servicers, investors, insurers, proprietary modifications, foreclosures

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.