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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
Pick the service you desire below
Got HAMP? Maybe Not For Long
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
Got HAMP? Maybe Not For Long
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
Got HAMP? Maybe Not For Long

January 31, 2011 (Chris Moore)
mortgage-hamp-pileup-image
Rep. Darrell Issa (R-Calif) and Rep. Jim Jordan (R-Ohio) introduced legislation to end the Home Affordable Modification Program (HAMP). Issa, the chairman of the Oversight and Government Reform Committee, and his colleagues said the Treasury Department’s program to help troubled borrowers avoid foreclosure has been a bust. This comes on the heels of a report recently released by the Special Investigator General for the Troubled Asset Relief Program (TARP), who was unsparing in its criticism of HAMP.

The Inspector Generals report said HAMP “continues to fall dramatically short of any meaningful standard of success.” It said that while HAMP has been a boon for those fortunate enough to obtain a loan modification, it described its achievements as “remarkably modest” and said any hope for achieving its original goals are slipping away.

Originally predicted to assist 3-4 million homeowners, the program has resulted in only half a million permanent modifications to date, the report noted. The Congressional Oversight Panel has estimated that number will only rise to 700,000-800,000 if current trends hold.

According to the Treasury Department, about 522,000 homeowners were enrolled in HAMP loan modifications and were making payments on time as of the end of last month. Meanwhile, about 793,000 homeowners have dropped out of the program. That is about 54% of the nearly 1.5 million who have enrolled since spring 2009.

The move by Republicans highlights a mounting political problem for the Obama administration’s’ troubled efforts to attack the foreclosure crisis. The administration has been criticized from both sides of the political spectrum with Republicans calling it a waste of effort.

“HAMP is a colossal failure,” Jordan said in a press release issued by the committee. “In many cases, it has hurt the very people it promised to help. It’s one more example of why government interference in the private sector doesn’t work and that’s why it should be repealed.”

Tim Massad, the Treasury Department’s acting assistant secretary for financial stability said, “I think this program can still help a lot of people. It’s constructed so that we only use taxpayer funds prudently and wisely. To the extent that we do help people, I think it’s helping the right people.”

However, Issa had a different view of the program.

“It’s unacceptable that Treasury continues this misguided effort that appears more focused on saving face than helping troubled homeowners,” Issa said in a press release.

Tags: HAMP, treasury department, loan modification, mortgage assistance, issa, foreclosure crisis, homeowners, permanent modifications, private sector, government interference

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

January 31, 2011 (Chris Moore)
mortgage-hamp-pileup-image
Rep. Darrell Issa (R-Calif) and Rep. Jim Jordan (R-Ohio) introduced legislation to end the Home Affordable Modification Program (HAMP). Issa, the chairman of the Oversight and Government Reform Committee, and his colleagues said the Treasury Department’s program to help troubled borrowers avoid foreclosure has been a bust. This comes on the heels of a report recently released by the Special Investigator General for the Troubled Asset Relief Program (TARP), who was unsparing in its criticism of HAMP.

The Inspector Generals report said HAMP “continues to fall dramatically short of any meaningful standard of success.” It said that while HAMP has been a boon for those fortunate enough to obtain a loan modification, it described its achievements as “remarkably modest” and said any hope for achieving its original goals are slipping away.

Originally predicted to assist 3-4 million homeowners, the program has resulted in only half a million permanent modifications to date, the report noted. The Congressional Oversight Panel has estimated that number will only rise to 700,000-800,000 if current trends hold.

According to the Treasury Department, about 522,000 homeowners were enrolled in HAMP loan modifications and were making payments on time as of the end of last month. Meanwhile, about 793,000 homeowners have dropped out of the program. That is about 54% of the nearly 1.5 million who have enrolled since spring 2009.

The move by Republicans highlights a mounting political problem for the Obama administration’s’ troubled efforts to attack the foreclosure crisis. The administration has been criticized from both sides of the political spectrum with Republicans calling it a waste of effort.

“HAMP is a colossal failure,” Jordan said in a press release issued by the committee. “In many cases, it has hurt the very people it promised to help. It’s one more example of why government interference in the private sector doesn’t work and that’s why it should be repealed.”

Tim Massad, the Treasury Department’s acting assistant secretary for financial stability said, “I think this program can still help a lot of people. It’s constructed so that we only use taxpayer funds prudently and wisely. To the extent that we do help people, I think it’s helping the right people.”

However, Issa had a different view of the program.

“It’s unacceptable that Treasury continues this misguided effort that appears more focused on saving face than helping troubled homeowners,” Issa said in a press release.

Tags: HAMP, treasury department, loan modification, mortgage assistance, issa, foreclosure crisis, homeowners, permanent modifications, private sector, government interference

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

January 31, 2011 (Chris Moore)
mortgage-hamp-pileup-image
Rep. Darrell Issa (R-Calif) and Rep. Jim Jordan (R-Ohio) introduced legislation to end the Home Affordable Modification Program (HAMP). Issa, the chairman of the Oversight and Government Reform Committee, and his colleagues said the Treasury Department’s program to help troubled borrowers avoid foreclosure has been a bust. This comes on the heels of a report recently released by the Special Investigator General for the Troubled Asset Relief Program (TARP), who was unsparing in its criticism of HAMP.

The Inspector Generals report said HAMP “continues to fall dramatically short of any meaningful standard of success.” It said that while HAMP has been a boon for those fortunate enough to obtain a loan modification, it described its achievements as “remarkably modest” and said any hope for achieving its original goals are slipping away.

Originally predicted to assist 3-4 million homeowners, the program has resulted in only half a million permanent modifications to date, the report noted. The Congressional Oversight Panel has estimated that number will only rise to 700,000-800,000 if current trends hold.

According to the Treasury Department, about 522,000 homeowners were enrolled in HAMP loan modifications and were making payments on time as of the end of last month. Meanwhile, about 793,000 homeowners have dropped out of the program. That is about 54% of the nearly 1.5 million who have enrolled since spring 2009.

The move by Republicans highlights a mounting political problem for the Obama administration’s’ troubled efforts to attack the foreclosure crisis. The administration has been criticized from both sides of the political spectrum with Republicans calling it a waste of effort.

“HAMP is a colossal failure,” Jordan said in a press release issued by the committee. “In many cases, it has hurt the very people it promised to help. It’s one more example of why government interference in the private sector doesn’t work and that’s why it should be repealed.”

Tim Massad, the Treasury Department’s acting assistant secretary for financial stability said, “I think this program can still help a lot of people. It’s constructed so that we only use taxpayer funds prudently and wisely. To the extent that we do help people, I think it’s helping the right people.”

However, Issa had a different view of the program.

“It’s unacceptable that Treasury continues this misguided effort that appears more focused on saving face than helping troubled homeowners,” Issa said in a press release.

Tags: HAMP, treasury department, loan modification, mortgage assistance, issa, foreclosure crisis, homeowners, permanent modifications, private sector, government interference

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