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READ OUR DISCLOSURE
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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
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Eight Bills Winding Down Freddie/Fannie Clear House Panel
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
Eight Bills Winding Down Freddie/Fannie Clear House Panel
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
Eight Bills Winding Down Freddie/Fannie Clear House Panel

April 7, 2011 (Jeff Alan)
mortgage-8bills-image
The Capital Markets and Government Sponsored Enterprises Subcommittee approved the eight bills introduced by House Republicans designed to start winding down government mortgage giants Freddie Mac and Fannie Mae. The eight bills now advance to the House Financial Services Committee for approval and then to the House floor for vote.

The eight bills are part of an effort put forth by House Republicans to immediately begin reducing Freddie Mac and Fannie Mae’s role in the housing market and their exposure of taxpayers to bailouts. GOP lawmakers may ultimately introduce as many as 24 separate bills in their bid to substantially reduce the size of the mortgage giants in five years.

Provisions of the eight bills include:

– Require Freddie Mac and Fannie Mae to comply with new rules being formulated that will require private mortgage lenders to retain 5 percent of the credit risk for non-conforming Qualified Residential Mortgages (QRM) when packaged as mortgage-backed securities.
– Bar Freddie Mac and Fannie Mae from engaging in any new business activities while under conservatorship
– Require Freddie Mac and Fannie Mae to get Treasury Department approval before issuing any new debt
– Cut Freddie Mac and Fannie Mae’s combined $1.5 trillion mortgage portfolios to $400 billion over five years.
– Cut executive pay for Freddie Mac and Fannie Mae employees putting them in line with government pay scales
– Require Freddie Mac and Fannie Mae to increase fees to lenders in putting them more in line with what private lenders charge
– Give more authority to the inspector general of the Federal Housing Finance Agency (FHFA) to oversee the mortgage giants
– The repeal of Freddie Mac and Fannie Mae’s affordable housing goals

Subcommittee Chairman Garrett said, “The passage of these eight bills represents an important milestone in our ongoing effort to end the bailout of Fannie Mae and Freddie Mac, protect taxpayers from further losses and level the playing field so that the private sector can reenter the marketplace. I appreciate all of the effort my colleagues put into these bills and I look forward to working closely with them as we advance them through the full committee and then to the House floor.”

Tags: GSE, Freddie Mac, Fannie Mae, mortgage giants, mortgage lenders, executive pay cut, increased fees, inspector general, taxpayers, private sector

Sources:
Committee on Financial Services

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.
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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

April 7, 2011 (Jeff Alan)
mortgage-8bills-image
The Capital Markets and Government Sponsored Enterprises Subcommittee approved the eight bills introduced by House Republicans designed to start winding down government mortgage giants Freddie Mac and Fannie Mae. The eight bills now advance to the House Financial Services Committee for approval and then to the House floor for vote.

The eight bills are part of an effort put forth by House Republicans to immediately begin reducing Freddie Mac and Fannie Mae’s role in the housing market and their exposure of taxpayers to bailouts. GOP lawmakers may ultimately introduce as many as 24 separate bills in their bid to substantially reduce the size of the mortgage giants in five years.

Provisions of the eight bills include:

– Require Freddie Mac and Fannie Mae to comply with new rules being formulated that will require private mortgage lenders to retain 5 percent of the credit risk for non-conforming Qualified Residential Mortgages (QRM) when packaged as mortgage-backed securities.
– Bar Freddie Mac and Fannie Mae from engaging in any new business activities while under conservatorship
– Require Freddie Mac and Fannie Mae to get Treasury Department approval before issuing any new debt
– Cut Freddie Mac and Fannie Mae’s combined $1.5 trillion mortgage portfolios to $400 billion over five years.
– Cut executive pay for Freddie Mac and Fannie Mae employees putting them in line with government pay scales
– Require Freddie Mac and Fannie Mae to increase fees to lenders in putting them more in line with what private lenders charge
– Give more authority to the inspector general of the Federal Housing Finance Agency (FHFA) to oversee the mortgage giants
– The repeal of Freddie Mac and Fannie Mae’s affordable housing goals

Subcommittee Chairman Garrett said, “The passage of these eight bills represents an important milestone in our ongoing effort to end the bailout of Fannie Mae and Freddie Mac, protect taxpayers from further losses and level the playing field so that the private sector can reenter the marketplace. I appreciate all of the effort my colleagues put into these bills and I look forward to working closely with them as we advance them through the full committee and then to the House floor.”

Tags: GSE, Freddie Mac, Fannie Mae, mortgage giants, mortgage lenders, executive pay cut, increased fees, inspector general, taxpayers, private sector

Sources:
Committee on Financial Services

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

April 7, 2011 (Jeff Alan)
mortgage-8bills-image
The Capital Markets and Government Sponsored Enterprises Subcommittee approved the eight bills introduced by House Republicans designed to start winding down government mortgage giants Freddie Mac and Fannie Mae. The eight bills now advance to the House Financial Services Committee for approval and then to the House floor for vote.

The eight bills are part of an effort put forth by House Republicans to immediately begin reducing Freddie Mac and Fannie Mae’s role in the housing market and their exposure of taxpayers to bailouts. GOP lawmakers may ultimately introduce as many as 24 separate bills in their bid to substantially reduce the size of the mortgage giants in five years.

Provisions of the eight bills include:

– Require Freddie Mac and Fannie Mae to comply with new rules being formulated that will require private mortgage lenders to retain 5 percent of the credit risk for non-conforming Qualified Residential Mortgages (QRM) when packaged as mortgage-backed securities.
– Bar Freddie Mac and Fannie Mae from engaging in any new business activities while under conservatorship
– Require Freddie Mac and Fannie Mae to get Treasury Department approval before issuing any new debt
– Cut Freddie Mac and Fannie Mae’s combined $1.5 trillion mortgage portfolios to $400 billion over five years.
– Cut executive pay for Freddie Mac and Fannie Mae employees putting them in line with government pay scales
– Require Freddie Mac and Fannie Mae to increase fees to lenders in putting them more in line with what private lenders charge
– Give more authority to the inspector general of the Federal Housing Finance Agency (FHFA) to oversee the mortgage giants
– The repeal of Freddie Mac and Fannie Mae’s affordable housing goals

Subcommittee Chairman Garrett said, “The passage of these eight bills represents an important milestone in our ongoing effort to end the bailout of Fannie Mae and Freddie Mac, protect taxpayers from further losses and level the playing field so that the private sector can reenter the marketplace. I appreciate all of the effort my colleagues put into these bills and I look forward to working closely with them as we advance them through the full committee and then to the House floor.”

Tags: GSE, Freddie Mac, Fannie Mae, mortgage giants, mortgage lenders, executive pay cut, increased fees, inspector general, taxpayers, private sector

Sources:
Committee on Financial Services

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