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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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Democrats Housing Solution: Charge Banks for Housing Programs and Foreclosures
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
Democrats Housing Solution: Charge Banks for Housing Programs and Foreclosures
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
Democrats Housing Solution: Charge Banks for Housing Programs and Foreclosures

March 18, 2011 (Chris Moore)
mortgage-nofees-image
U.S. Rep. Barney Frank (D-Mass.) has introduced a bill that would force the largest banks and hedge funds to pay for two programs that provide mortgage assistance and vacant property cleanup. Meanwhile in California, State Assembly member Bob Blumenfield (D-San Fernando Valley) has introduced a bill that would require mortgage servicers to pay $20,000 to foreclose on a home.

Frank, who is still fuming at House Republicans for voting to terminate the Department of Housing and Urban Development’s (HUD) Emergency Homeowner Loan Program (EHLP) and the Neighborhood Stabilization Program (NSP) over the last week, views his proposal as a replacement for the two terminated programs.

Frank’s bill would require financial institutions with assets of $50 billion or more and hedge funds with at least $10 billion in assets under management to pony up $2.5 billion to replace HUD’s two terminated programs that were to provide mortgage assistance and vacant property cleanup.

Blumenfield’s bill calls for money collected from the banks to be funneled back into school districts, police and fire departments, small-business loans, among other state and city services and programs. Blumenfield claims the bill is an effort to curb property tax losses from skyrocketing foreclosures in the state, none of which would do anything to help homeowners in foreclosure, but would go along way in helping the state to stuff its coffers in additional revenue…especially when you’re currently short around $26 billion for the current fiscal year.

I think any sensible economist would tell you that neither of these programs are viable solutions to the foreclosure problem and that banks would only pass the cost of these programs on to consumers in the form of higher fees and mortgage interest rates which would be detrimental to the housing recovery because even less people would now qualify for a home loan.

As Republicans continue to move against such programs with the notion that the government, a.k.a. the taxpayers, should not pay for it, Democrats are taking up the strategy of charging banks whose costs are just passed on to the consumers. We’ve seen this in the form of higher bank fees and credit card fees as a result of the Dodd-Frank Finance Reform Bill and skyrocketing insurance premiums as a result of the Healthcare Bill.

Tags: Barney Frank, HUD, EHLP, NSP, Bob Blumenfield, foreclosure programs, big banks, hedge funds, mortgage servicers

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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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

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March 18, 2011 (Chris Moore)
mortgage-nofees-image
U.S. Rep. Barney Frank (D-Mass.) has introduced a bill that would force the largest banks and hedge funds to pay for two programs that provide mortgage assistance and vacant property cleanup. Meanwhile in California, State Assembly member Bob Blumenfield (D-San Fernando Valley) has introduced a bill that would require mortgage servicers to pay $20,000 to foreclose on a home.

Frank, who is still fuming at House Republicans for voting to terminate the Department of Housing and Urban Development’s (HUD) Emergency Homeowner Loan Program (EHLP) and the Neighborhood Stabilization Program (NSP) over the last week, views his proposal as a replacement for the two terminated programs.

Frank’s bill would require financial institutions with assets of $50 billion or more and hedge funds with at least $10 billion in assets under management to pony up $2.5 billion to replace HUD’s two terminated programs that were to provide mortgage assistance and vacant property cleanup.

Blumenfield’s bill calls for money collected from the banks to be funneled back into school districts, police and fire departments, small-business loans, among other state and city services and programs. Blumenfield claims the bill is an effort to curb property tax losses from skyrocketing foreclosures in the state, none of which would do anything to help homeowners in foreclosure, but would go along way in helping the state to stuff its coffers in additional revenue…especially when you’re currently short around $26 billion for the current fiscal year.

I think any sensible economist would tell you that neither of these programs are viable solutions to the foreclosure problem and that banks would only pass the cost of these programs on to consumers in the form of higher fees and mortgage interest rates which would be detrimental to the housing recovery because even less people would now qualify for a home loan.

As Republicans continue to move against such programs with the notion that the government, a.k.a. the taxpayers, should not pay for it, Democrats are taking up the strategy of charging banks whose costs are just passed on to the consumers. We’ve seen this in the form of higher bank fees and credit card fees as a result of the Dodd-Frank Finance Reform Bill and skyrocketing insurance premiums as a result of the Healthcare Bill.

Tags: Barney Frank, HUD, EHLP, NSP, Bob Blumenfield, foreclosure programs, big banks, hedge funds, mortgage servicers

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

March 18, 2011 (Chris Moore)
mortgage-nofees-image
U.S. Rep. Barney Frank (D-Mass.) has introduced a bill that would force the largest banks and hedge funds to pay for two programs that provide mortgage assistance and vacant property cleanup. Meanwhile in California, State Assembly member Bob Blumenfield (D-San Fernando Valley) has introduced a bill that would require mortgage servicers to pay $20,000 to foreclose on a home.

Frank, who is still fuming at House Republicans for voting to terminate the Department of Housing and Urban Development’s (HUD) Emergency Homeowner Loan Program (EHLP) and the Neighborhood Stabilization Program (NSP) over the last week, views his proposal as a replacement for the two terminated programs.

Frank’s bill would require financial institutions with assets of $50 billion or more and hedge funds with at least $10 billion in assets under management to pony up $2.5 billion to replace HUD’s two terminated programs that were to provide mortgage assistance and vacant property cleanup.

Blumenfield’s bill calls for money collected from the banks to be funneled back into school districts, police and fire departments, small-business loans, among other state and city services and programs. Blumenfield claims the bill is an effort to curb property tax losses from skyrocketing foreclosures in the state, none of which would do anything to help homeowners in foreclosure, but would go along way in helping the state to stuff its coffers in additional revenue…especially when you’re currently short around $26 billion for the current fiscal year.

I think any sensible economist would tell you that neither of these programs are viable solutions to the foreclosure problem and that banks would only pass the cost of these programs on to consumers in the form of higher fees and mortgage interest rates which would be detrimental to the housing recovery because even less people would now qualify for a home loan.

As Republicans continue to move against such programs with the notion that the government, a.k.a. the taxpayers, should not pay for it, Democrats are taking up the strategy of charging banks whose costs are just passed on to the consumers. We’ve seen this in the form of higher bank fees and credit card fees as a result of the Dodd-Frank Finance Reform Bill and skyrocketing insurance premiums as a result of the Healthcare Bill.

Tags: Barney Frank, HUD, EHLP, NSP, Bob Blumenfield, foreclosure programs, big banks, hedge funds, mortgage servicers

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