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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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Freddie Mac/Fannie Mae Report Losses; Seek More Aid
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
Freddie Mac/Fannie Mae Report Losses; Seek More Aid
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
Freddie Mac/Fannie Mae Report Losses; Seek More Aid

February 25, 2011 (Shirley Allen)
mortgage-burning-money-image
Freddie Mac and Fannie Mae both released their financial results for the 4th quarter of 2010 with Freddie Mac reporting a loss of $113 million for the quarter and Fannie Mae reporting a loss of $2.1 billion. Freddie Mac reports that they would have actually earned $1.2 billion had it not been for a required payment of $1.6 billion to the Treasury.

For the full-year 2010, Freddie Mac’s total comprehensive income was $282 million, consisting of a full-year net loss of $14.0 billion which was more than offset by an increase in AOCI (net of taxes) of $14.3 billion. The company had a net worth deficit of $401 million at December 31, 2010 due to several contributing factors, including its quarterly dividend payment, which exceeded total comprehensive income for the fourth quarter.

Because of Freddie Mac’s net worth deficit, they reported that they will be asking its conservator, the Federal Housing Finance Agency (FHFA), to request a $500 million draw on the Treasury.

Fannie Mae reported a loss of $21.7 billion for 2010. They also asked for an additional $2.6 billion from FHFA, which was slightly more than their third quarter assistance of $2.5 billion.

The government rescued Fannie Mae and Freddie Mac in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

An addition to its financial results, Freddie Mac also reported the following:

– New single-family business acquired in 2009 and 2010 continues to demonstrate strong credit quality based on borrower credit scores and loan-to-value ratios.

– Single-family serious delinquency rate of 3.84 percent at December 31, 2010 remains below industry benchmarks.

– Freddie Mac continues to lead efforts to allow borrowers to keep their homes, helping more than 275,000 borrowers avoid foreclosure during 2010, more than double the number of borrowers it helped in 2009.

And in addition to its financial results, Fannie Mae also reported:

– During 2010, Fannie Mae guaranteed or purchased an estimated $856 billion in loans, which includes approximately $217billion in delinquent loans purchased from its single-family mortgage-backed securities trusts.

– Continued to be the largest single issuer of mortgage-related securities in the secondary market in 2010, with anestimated market share of new single-family mortgage-related securities of 44.0 percent.

– Financed approximately 2,712,000 single-family conventional loans, excluding delinquent loans purchased from its MBStrusts, and approximately 306,000 units in multifamily properties in 2010.

Tags: Freddie Mac, Fannie Mae, FHFA, financial results, net worth deficit, mortgage loans, loan-to-value ratios, credit scores

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 25, 2011 (Shirley Allen)
mortgage-burning-money-image
Freddie Mac and Fannie Mae both released their financial results for the 4th quarter of 2010 with Freddie Mac reporting a loss of $113 million for the quarter and Fannie Mae reporting a loss of $2.1 billion. Freddie Mac reports that they would have actually earned $1.2 billion had it not been for a required payment of $1.6 billion to the Treasury.

For the full-year 2010, Freddie Mac’s total comprehensive income was $282 million, consisting of a full-year net loss of $14.0 billion which was more than offset by an increase in AOCI (net of taxes) of $14.3 billion. The company had a net worth deficit of $401 million at December 31, 2010 due to several contributing factors, including its quarterly dividend payment, which exceeded total comprehensive income for the fourth quarter.

Because of Freddie Mac’s net worth deficit, they reported that they will be asking its conservator, the Federal Housing Finance Agency (FHFA), to request a $500 million draw on the Treasury.

Fannie Mae reported a loss of $21.7 billion for 2010. They also asked for an additional $2.6 billion from FHFA, which was slightly more than their third quarter assistance of $2.5 billion.

The government rescued Fannie Mae and Freddie Mac in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

An addition to its financial results, Freddie Mac also reported the following:

– New single-family business acquired in 2009 and 2010 continues to demonstrate strong credit quality based on borrower credit scores and loan-to-value ratios.

– Single-family serious delinquency rate of 3.84 percent at December 31, 2010 remains below industry benchmarks.

– Freddie Mac continues to lead efforts to allow borrowers to keep their homes, helping more than 275,000 borrowers avoid foreclosure during 2010, more than double the number of borrowers it helped in 2009.

And in addition to its financial results, Fannie Mae also reported:

– During 2010, Fannie Mae guaranteed or purchased an estimated $856 billion in loans, which includes approximately $217billion in delinquent loans purchased from its single-family mortgage-backed securities trusts.

– Continued to be the largest single issuer of mortgage-related securities in the secondary market in 2010, with anestimated market share of new single-family mortgage-related securities of 44.0 percent.

– Financed approximately 2,712,000 single-family conventional loans, excluding delinquent loans purchased from its MBStrusts, and approximately 306,000 units in multifamily properties in 2010.

Tags: Freddie Mac, Fannie Mae, FHFA, financial results, net worth deficit, mortgage loans, loan-to-value ratios, credit scores

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 25, 2011 (Shirley Allen)
mortgage-burning-money-image
Freddie Mac and Fannie Mae both released their financial results for the 4th quarter of 2010 with Freddie Mac reporting a loss of $113 million for the quarter and Fannie Mae reporting a loss of $2.1 billion. Freddie Mac reports that they would have actually earned $1.2 billion had it not been for a required payment of $1.6 billion to the Treasury.

For the full-year 2010, Freddie Mac’s total comprehensive income was $282 million, consisting of a full-year net loss of $14.0 billion which was more than offset by an increase in AOCI (net of taxes) of $14.3 billion. The company had a net worth deficit of $401 million at December 31, 2010 due to several contributing factors, including its quarterly dividend payment, which exceeded total comprehensive income for the fourth quarter.

Because of Freddie Mac’s net worth deficit, they reported that they will be asking its conservator, the Federal Housing Finance Agency (FHFA), to request a $500 million draw on the Treasury.

Fannie Mae reported a loss of $21.7 billion for 2010. They also asked for an additional $2.6 billion from FHFA, which was slightly more than their third quarter assistance of $2.5 billion.

The government rescued Fannie Mae and Freddie Mac in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

An addition to its financial results, Freddie Mac also reported the following:

– New single-family business acquired in 2009 and 2010 continues to demonstrate strong credit quality based on borrower credit scores and loan-to-value ratios.

– Single-family serious delinquency rate of 3.84 percent at December 31, 2010 remains below industry benchmarks.

– Freddie Mac continues to lead efforts to allow borrowers to keep their homes, helping more than 275,000 borrowers avoid foreclosure during 2010, more than double the number of borrowers it helped in 2009.

And in addition to its financial results, Fannie Mae also reported:

– During 2010, Fannie Mae guaranteed or purchased an estimated $856 billion in loans, which includes approximately $217billion in delinquent loans purchased from its single-family mortgage-backed securities trusts.

– Continued to be the largest single issuer of mortgage-related securities in the secondary market in 2010, with anestimated market share of new single-family mortgage-related securities of 44.0 percent.

– Financed approximately 2,712,000 single-family conventional loans, excluding delinquent loans purchased from its MBStrusts, and approximately 306,000 units in multifamily properties in 2010.

Tags: Freddie Mac, Fannie Mae, FHFA, financial results, net worth deficit, mortgage loans, loan-to-value ratios, credit scores

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