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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.
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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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Defaulted Loans from White Americans Impacted Mortgage Crisis
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Defaulted Loans from White Americans Impacted Mortgage Crisis
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
Defaulted Loans from White Americans Impacted Mortgage Crisis

February 10, 2011 (Shirley Allen)
mortgage-faces-of-foreclosure
In a special report released by ComplianceTech, African-Americans and Latinos borrowed 62 percent less in 2009 to purchase or refinance homes when compared with 2004, while mortgages to whites declined by just 17 percent during the same time frame.

Compliance Tech provides specialized information to the lending industry and has an array of reports on their website covering anything from racial disparities in lending to the politics and demographic impact of the current housing and mortgage crisis.

Based on a recent study of the Home Mortgage Disclosure Act, Maurice Jourdain-Earl, managing director of ComplianceTech, said their study was conducted to counter accusations that loans to “borrowers of color” caused the mortgage meltdown by providing the following information:

– The number of prime loans obtained by whites fell by 31 percent, while the number for African-Americans fell by 76 percent, and the number for Latinos fell a similar amount, while for Asian-Americans it fell by 28 percent.

– For sub-prime loans, the number of these loans originated for African-Americans fell 95 percent when comparing 2004 and 2009. The number originated to Latinos fell by 92 percent, to whites by 81 percent and Asian-Americans by 87 percent.

– The number of Federal Housing Administration (FHA) insured loans originated for whites increased by 238 percent between 2004 and 2009, while for African-Americans the increase was only 80 percent, Latinos, 119 percent and Asian-Americans, 447 percent.

– The market share of FHA loans to whites increased 15% in the five year period; for Asian-Americans, the share was up 86 percent. The percentage of change for African-Americans was a decline of 39 percent, while Latinos was down 25 percent.

“I was also motivated by the demographic shift in FHA lending and the false accusations that Fannie Mae and Freddie Mac contributed to the housing crisis by purchasing loans from borrowers of color to meet their affordable housing goals,” he said. “Many political leaders don’t realize, or don’t want to recognize, that it was mainly the volume of defaulted loans from white Americans that impacted the housing crisis. Minorities simply did not generate enough loans to have that kind of universal impact.”

A very interesting, and I’m sure to be, a very controversial hypothesis.

Tags: compliancetech, borrowers of color, mortgage meltdown, prime loans, sub-prime loans, fha lending, housing crisis, minorities

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 10, 2011 (Shirley Allen)
mortgage-faces-of-foreclosure
In a special report released by ComplianceTech, African-Americans and Latinos borrowed 62 percent less in 2009 to purchase or refinance homes when compared with 2004, while mortgages to whites declined by just 17 percent during the same time frame.

Compliance Tech provides specialized information to the lending industry and has an array of reports on their website covering anything from racial disparities in lending to the politics and demographic impact of the current housing and mortgage crisis.

Based on a recent study of the Home Mortgage Disclosure Act, Maurice Jourdain-Earl, managing director of ComplianceTech, said their study was conducted to counter accusations that loans to “borrowers of color” caused the mortgage meltdown by providing the following information:

– The number of prime loans obtained by whites fell by 31 percent, while the number for African-Americans fell by 76 percent, and the number for Latinos fell a similar amount, while for Asian-Americans it fell by 28 percent.

– For sub-prime loans, the number of these loans originated for African-Americans fell 95 percent when comparing 2004 and 2009. The number originated to Latinos fell by 92 percent, to whites by 81 percent and Asian-Americans by 87 percent.

– The number of Federal Housing Administration (FHA) insured loans originated for whites increased by 238 percent between 2004 and 2009, while for African-Americans the increase was only 80 percent, Latinos, 119 percent and Asian-Americans, 447 percent.

– The market share of FHA loans to whites increased 15% in the five year period; for Asian-Americans, the share was up 86 percent. The percentage of change for African-Americans was a decline of 39 percent, while Latinos was down 25 percent.

“I was also motivated by the demographic shift in FHA lending and the false accusations that Fannie Mae and Freddie Mac contributed to the housing crisis by purchasing loans from borrowers of color to meet their affordable housing goals,” he said. “Many political leaders don’t realize, or don’t want to recognize, that it was mainly the volume of defaulted loans from white Americans that impacted the housing crisis. Minorities simply did not generate enough loans to have that kind of universal impact.”

A very interesting, and I’m sure to be, a very controversial hypothesis.

Tags: compliancetech, borrowers of color, mortgage meltdown, prime loans, sub-prime loans, fha lending, housing crisis, minorities

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 10, 2011 (Shirley Allen)
mortgage-faces-of-foreclosure
In a special report released by ComplianceTech, African-Americans and Latinos borrowed 62 percent less in 2009 to purchase or refinance homes when compared with 2004, while mortgages to whites declined by just 17 percent during the same time frame.

Compliance Tech provides specialized information to the lending industry and has an array of reports on their website covering anything from racial disparities in lending to the politics and demographic impact of the current housing and mortgage crisis.

Based on a recent study of the Home Mortgage Disclosure Act, Maurice Jourdain-Earl, managing director of ComplianceTech, said their study was conducted to counter accusations that loans to “borrowers of color” caused the mortgage meltdown by providing the following information:

– The number of prime loans obtained by whites fell by 31 percent, while the number for African-Americans fell by 76 percent, and the number for Latinos fell a similar amount, while for Asian-Americans it fell by 28 percent.

– For sub-prime loans, the number of these loans originated for African-Americans fell 95 percent when comparing 2004 and 2009. The number originated to Latinos fell by 92 percent, to whites by 81 percent and Asian-Americans by 87 percent.

– The number of Federal Housing Administration (FHA) insured loans originated for whites increased by 238 percent between 2004 and 2009, while for African-Americans the increase was only 80 percent, Latinos, 119 percent and Asian-Americans, 447 percent.

– The market share of FHA loans to whites increased 15% in the five year period; for Asian-Americans, the share was up 86 percent. The percentage of change for African-Americans was a decline of 39 percent, while Latinos was down 25 percent.

“I was also motivated by the demographic shift in FHA lending and the false accusations that Fannie Mae and Freddie Mac contributed to the housing crisis by purchasing loans from borrowers of color to meet their affordable housing goals,” he said. “Many political leaders don’t realize, or don’t want to recognize, that it was mainly the volume of defaulted loans from white Americans that impacted the housing crisis. Minorities simply did not generate enough loans to have that kind of universal impact.”

A very interesting, and I’m sure to be, a very controversial hypothesis.

Tags: compliancetech, borrowers of color, mortgage meltdown, prime loans, sub-prime loans, fha lending, housing crisis, minorities

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS