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
Hardest Hit Fund Foreclosures Delayed 45 Days
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
Hardest Hit Fund Foreclosures Delayed 45 Days
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
Hardest Hit Fund Foreclosures Delayed 45 Days

January 21, 2011 (Jeff Alan)
mortgage-housing-image
Fannie Mae announced that it is directing its mortgage servicers to delay scheduled foreclosure sales for 45 days. The moratorium applies to borrowers that been approved assistance through the Hardest Hit Fund. The Hardest Hit Fund was part of a series of housing programs announced in February 2010 to help families hardest hit by the housing crisis.

The purpose of the Hardest-Hit Fund is to support new and innovative foreclosure prevention initiatives in the areas hardest hit by housing price declines and high unemployment rates and originally included Nevada, California, Florida, Arizona, and Michigan. Each state created a Housing Finance Agency (HFA) to administer $1.5 billion in government funds, originally distributed in June of 2010.

The Obama Administration approved the participation of five additional states in March 2010 with aid totaling $600 million. The five states are North Carolina, Ohio, Oregon, Rhode Island, and South Carolina. The funding for these states took place in August 2010.

However, lenders were really quite slow to begin issuing loan modifications. This was due to several factors, including inadequate manpower. Some states were also slow in starting their programs, like California, who just recently started taking applications.

The initiatives range from providing options for struggling, unemployed borrowers, as well as programs to address first and second liens, facilitate short sales and deeds-in-lieu of foreclosure, and assist in past-due payments.

Fannie Mae released guidance Wednesday detailing how its mortgage servicers should handle those loans that qualify for the state assistance, and notified them that they should be ready to receive funds from the HFAs within 60 days after a program is launched. Also addressed was how the Hardest Hit Fund would affect loans permanently modified under the Home Affordable Modification Program.

“If a mortgage loan has been permanently modified under HAMP, a borrower who subsequently becomes unemployed may use an HHF Unemployment Program to make monthly mortgage payments,” Fannie said in its guidance.

Borrowers can receive unemployment assistance through one of the state level HFAs to help make their mortgage payments. Mortgage servicers are required to accept funds through a reinstatement program, if a HFA has one, which provides aid to borrowers for bringing the mortgage current or reduce the period of delinquency.

If the borrower remains unemployed after leaving the program, mortgage servicers must determine if the borrower can qualify for another one of Fannie’s foreclosure prevention alternatives such as forbearance.

If the borrower was not in a permanent HAMP modification and found a job, the mortgage servicers were directed to consider the borrower for HAMP. But if a borrower re-defaults out of a HAMP modification while unemployed, Fannie told its mortgage servicers to only evaluate them for Fannie’s own program if the borrower finds a job.

Tags: fannie mae, hsa, loan modification, unemployed, mortgage servicers, short sales, foreclosures, HAMP, mortgage borrowers

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 21, 2011 (Jeff Alan)
mortgage-housing-image
Fannie Mae announced that it is directing its mortgage servicers to delay scheduled foreclosure sales for 45 days. The moratorium applies to borrowers that been approved assistance through the Hardest Hit Fund. The Hardest Hit Fund was part of a series of housing programs announced in February 2010 to help families hardest hit by the housing crisis.

The purpose of the Hardest-Hit Fund is to support new and innovative foreclosure prevention initiatives in the areas hardest hit by housing price declines and high unemployment rates and originally included Nevada, California, Florida, Arizona, and Michigan. Each state created a Housing Finance Agency (HFA) to administer $1.5 billion in government funds, originally distributed in June of 2010.

The Obama Administration approved the participation of five additional states in March 2010 with aid totaling $600 million. The five states are North Carolina, Ohio, Oregon, Rhode Island, and South Carolina. The funding for these states took place in August 2010.

However, lenders were really quite slow to begin issuing loan modifications. This was due to several factors, including inadequate manpower. Some states were also slow in starting their programs, like California, who just recently started taking applications.

The initiatives range from providing options for struggling, unemployed borrowers, as well as programs to address first and second liens, facilitate short sales and deeds-in-lieu of foreclosure, and assist in past-due payments.

Fannie Mae released guidance Wednesday detailing how its mortgage servicers should handle those loans that qualify for the state assistance, and notified them that they should be ready to receive funds from the HFAs within 60 days after a program is launched. Also addressed was how the Hardest Hit Fund would affect loans permanently modified under the Home Affordable Modification Program.

“If a mortgage loan has been permanently modified under HAMP, a borrower who subsequently becomes unemployed may use an HHF Unemployment Program to make monthly mortgage payments,” Fannie said in its guidance.

Borrowers can receive unemployment assistance through one of the state level HFAs to help make their mortgage payments. Mortgage servicers are required to accept funds through a reinstatement program, if a HFA has one, which provides aid to borrowers for bringing the mortgage current or reduce the period of delinquency.

If the borrower remains unemployed after leaving the program, mortgage servicers must determine if the borrower can qualify for another one of Fannie’s foreclosure prevention alternatives such as forbearance.

If the borrower was not in a permanent HAMP modification and found a job, the mortgage servicers were directed to consider the borrower for HAMP. But if a borrower re-defaults out of a HAMP modification while unemployed, Fannie told its mortgage servicers to only evaluate them for Fannie’s own program if the borrower finds a job.

Tags: fannie mae, hsa, loan modification, unemployed, mortgage servicers, short sales, foreclosures, HAMP, mortgage borrowers

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 21, 2011 (Jeff Alan)
mortgage-housing-image
Fannie Mae announced that it is directing its mortgage servicers to delay scheduled foreclosure sales for 45 days. The moratorium applies to borrowers that been approved assistance through the Hardest Hit Fund. The Hardest Hit Fund was part of a series of housing programs announced in February 2010 to help families hardest hit by the housing crisis.

The purpose of the Hardest-Hit Fund is to support new and innovative foreclosure prevention initiatives in the areas hardest hit by housing price declines and high unemployment rates and originally included Nevada, California, Florida, Arizona, and Michigan. Each state created a Housing Finance Agency (HFA) to administer $1.5 billion in government funds, originally distributed in June of 2010.

The Obama Administration approved the participation of five additional states in March 2010 with aid totaling $600 million. The five states are North Carolina, Ohio, Oregon, Rhode Island, and South Carolina. The funding for these states took place in August 2010.

However, lenders were really quite slow to begin issuing loan modifications. This was due to several factors, including inadequate manpower. Some states were also slow in starting their programs, like California, who just recently started taking applications.

The initiatives range from providing options for struggling, unemployed borrowers, as well as programs to address first and second liens, facilitate short sales and deeds-in-lieu of foreclosure, and assist in past-due payments.

Fannie Mae released guidance Wednesday detailing how its mortgage servicers should handle those loans that qualify for the state assistance, and notified them that they should be ready to receive funds from the HFAs within 60 days after a program is launched. Also addressed was how the Hardest Hit Fund would affect loans permanently modified under the Home Affordable Modification Program.

“If a mortgage loan has been permanently modified under HAMP, a borrower who subsequently becomes unemployed may use an HHF Unemployment Program to make monthly mortgage payments,” Fannie said in its guidance.

Borrowers can receive unemployment assistance through one of the state level HFAs to help make their mortgage payments. Mortgage servicers are required to accept funds through a reinstatement program, if a HFA has one, which provides aid to borrowers for bringing the mortgage current or reduce the period of delinquency.

If the borrower remains unemployed after leaving the program, mortgage servicers must determine if the borrower can qualify for another one of Fannie’s foreclosure prevention alternatives such as forbearance.

If the borrower was not in a permanent HAMP modification and found a job, the mortgage servicers were directed to consider the borrower for HAMP. But if a borrower re-defaults out of a HAMP modification while unemployed, Fannie told its mortgage servicers to only evaluate them for Fannie’s own program if the borrower finds a job.

Tags: fannie mae, hsa, loan modification, unemployed, mortgage servicers, short sales, foreclosures, HAMP, mortgage borrowers

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