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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
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Fannie Mae/Freddie Mac: Goodbye Warm Fuzzy Friends
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
Fannie Mae/Freddie Mac: Goodbye Warm Fuzzy Friends
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
Fannie Mae/Freddie Mac: Goodbye Warm Fuzzy Friends

February 15, 2011 (Chris Moore)
mortgage-gse-image
The consensus from the release of the Obama Administrations proposal on what to do with Freddie Mac and Fannie Mae is that there is no consensus. The internet has been abuzz with commentary from main street media to the blogging world with analysis, opinions, predictions, forecasts, etc. about the Presidents much anticipated 31 page White Paper on how to minimize government’s involvement in the mortgage industry.

The report held few surprises though, having been leaked the week before. The goals of the government’s plan was to ensure minimal housing and mortgage disruption, leave it to Congress to actually determine the plan, and minimize the impact to taxpayers in pursuing the goal of keeping future government involvement in the mortgage business to a minimum.

Although ultimately the road to the demise of the two GSE’s runs through Congress, the Administration apparently couldn’t come up with just one comprehensive approach on how to deal with the mortgage giants and fielded these three basic options:

1) A privatized system with very limited government backing and a focus on low to moderate income households;
2) A privatized system with a “springing guarantee” that increases government support in times of crisis; and
3) A reduced structure whereby the government only participates in catastrophic reinsurance.

There are many pros and cons depending on which side of the fence you’re sitting on. One of the main points of the proposal will be to replace much of the money from government programs with private investor money. The fear is that this may raise interest rates and to reduce risk, banks may require higher down payments, which right now would be a death wish to the housing market.

On the other side, increased down payments means less risk, which could lower interest rates. Others expect fees to rise, making the cost of loans more expensive.

Meanwhile, Republicans in the House of Representatives convened their first meeting last week chaired by New Jersey Republican Scott Garrett to discuss their view of how to deal with the demise of the two GSE’s. Garrett indicated his belief that the Congress should give more immediate focus to dealing with Fannie Mae and Freddie Mac by saying this in his opening statement:

“While a lot of recent attention has been given to the impending Treasury proposal and what the future of U.S. housing finance will look like, I believe there are other areas of this debate we can focus on right now. In particular, I believe the question we all need to be asking ourselves is: What immediate steps can Congress take right now—this instant—to protect taxpayers, end the bailout, get private capital off the sidelines, and reduce the government’s exposure to the housing market?”

At this point, no one really knows what the outcome will be, but depending on how you want to carve up the responsibility of the housing crisis due to the toxic loans that Freddie and Fannie purchased to help fuel the housing bust, it is a proposal whose time has come.

The press release can be read here.

Tags: fannie mae, freddie mac, obama administration, gse, mortgage business, toxic loans, housing market

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 15, 2011 (Chris Moore)
mortgage-gse-image
The consensus from the release of the Obama Administrations proposal on what to do with Freddie Mac and Fannie Mae is that there is no consensus. The internet has been abuzz with commentary from main street media to the blogging world with analysis, opinions, predictions, forecasts, etc. about the Presidents much anticipated 31 page White Paper on how to minimize government’s involvement in the mortgage industry.

The report held few surprises though, having been leaked the week before. The goals of the government’s plan was to ensure minimal housing and mortgage disruption, leave it to Congress to actually determine the plan, and minimize the impact to taxpayers in pursuing the goal of keeping future government involvement in the mortgage business to a minimum.

Although ultimately the road to the demise of the two GSE’s runs through Congress, the Administration apparently couldn’t come up with just one comprehensive approach on how to deal with the mortgage giants and fielded these three basic options:

1) A privatized system with very limited government backing and a focus on low to moderate income households;
2) A privatized system with a “springing guarantee” that increases government support in times of crisis; and
3) A reduced structure whereby the government only participates in catastrophic reinsurance.

There are many pros and cons depending on which side of the fence you’re sitting on. One of the main points of the proposal will be to replace much of the money from government programs with private investor money. The fear is that this may raise interest rates and to reduce risk, banks may require higher down payments, which right now would be a death wish to the housing market.

On the other side, increased down payments means less risk, which could lower interest rates. Others expect fees to rise, making the cost of loans more expensive.

Meanwhile, Republicans in the House of Representatives convened their first meeting last week chaired by New Jersey Republican Scott Garrett to discuss their view of how to deal with the demise of the two GSE’s. Garrett indicated his belief that the Congress should give more immediate focus to dealing with Fannie Mae and Freddie Mac by saying this in his opening statement:

“While a lot of recent attention has been given to the impending Treasury proposal and what the future of U.S. housing finance will look like, I believe there are other areas of this debate we can focus on right now. In particular, I believe the question we all need to be asking ourselves is: What immediate steps can Congress take right now—this instant—to protect taxpayers, end the bailout, get private capital off the sidelines, and reduce the government’s exposure to the housing market?”

At this point, no one really knows what the outcome will be, but depending on how you want to carve up the responsibility of the housing crisis due to the toxic loans that Freddie and Fannie purchased to help fuel the housing bust, it is a proposal whose time has come.

The press release can be read here.

Tags: fannie mae, freddie mac, obama administration, gse, mortgage business, toxic loans, housing market

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 15, 2011 (Chris Moore)
mortgage-gse-image
The consensus from the release of the Obama Administrations proposal on what to do with Freddie Mac and Fannie Mae is that there is no consensus. The internet has been abuzz with commentary from main street media to the blogging world with analysis, opinions, predictions, forecasts, etc. about the Presidents much anticipated 31 page White Paper on how to minimize government’s involvement in the mortgage industry.

The report held few surprises though, having been leaked the week before. The goals of the government’s plan was to ensure minimal housing and mortgage disruption, leave it to Congress to actually determine the plan, and minimize the impact to taxpayers in pursuing the goal of keeping future government involvement in the mortgage business to a minimum.

Although ultimately the road to the demise of the two GSE’s runs through Congress, the Administration apparently couldn’t come up with just one comprehensive approach on how to deal with the mortgage giants and fielded these three basic options:

1) A privatized system with very limited government backing and a focus on low to moderate income households;
2) A privatized system with a “springing guarantee” that increases government support in times of crisis; and
3) A reduced structure whereby the government only participates in catastrophic reinsurance.

There are many pros and cons depending on which side of the fence you’re sitting on. One of the main points of the proposal will be to replace much of the money from government programs with private investor money. The fear is that this may raise interest rates and to reduce risk, banks may require higher down payments, which right now would be a death wish to the housing market.

On the other side, increased down payments means less risk, which could lower interest rates. Others expect fees to rise, making the cost of loans more expensive.

Meanwhile, Republicans in the House of Representatives convened their first meeting last week chaired by New Jersey Republican Scott Garrett to discuss their view of how to deal with the demise of the two GSE’s. Garrett indicated his belief that the Congress should give more immediate focus to dealing with Fannie Mae and Freddie Mac by saying this in his opening statement:

“While a lot of recent attention has been given to the impending Treasury proposal and what the future of U.S. housing finance will look like, I believe there are other areas of this debate we can focus on right now. In particular, I believe the question we all need to be asking ourselves is: What immediate steps can Congress take right now—this instant—to protect taxpayers, end the bailout, get private capital off the sidelines, and reduce the government’s exposure to the housing market?”

At this point, no one really knows what the outcome will be, but depending on how you want to carve up the responsibility of the housing crisis due to the toxic loans that Freddie and Fannie purchased to help fuel the housing bust, it is a proposal whose time has come.

The press release can be read here.

Tags: fannie mae, freddie mac, obama administration, gse, mortgage business, toxic loans, housing market

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