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HUD Reprimands Republicans
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
HUD Reprimands Republicans
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
HUD Reprimands Republicans

March 15, 2011 (Jeff Alan)
mortgage-republican-bb-image
Although the Republicans efforts to end the Obama Administrations anti-foreclosure programs will probably never see fruitation, the Department of Housing and Urban Development (HUD) has sounded off on the Republicans efforts to end the programs as “irresponsible.”

“The Obama administration is committed to helping struggling homeowners stay in their homes and taking the steps needed to stabilize the housing market, and ending this program would mean the loss of an important lifeline for those families and risk damaging the fragile recovery we’re finally starting to see in the housing market,” a HUD spokesperson said. “It would be irresponsible and should be opposed.”

So far the House has passed two bills terminating the Federal Housing Administration’s (FHA) Short-Refi program, which refinances underwater borrowers out of negative equity, and HUD’s Emergency Homeowner Loan Program (EHLP), which provides interest free loans to the unemployed borrowers for help on their mortgage payments.

Two more bills will reach the floor this week, which would end the Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP).

“The Emergency Homeowners Loan Program will provide relief to tens of thousands of families who are still struggling to make ends meet after the deepest economic recession and housing crisis in a generation,” the HUD spokesperson said Friday after the bill passed.

None of the bills are expected to be taken up by the Democrat controlled Senate and President Obama has already said that any such bill that reached his desk would be vetoed.

However, Republicans are determined to push for an end to these programs because they say that the programs have shown overwhelming poor results, are a waste of taxpayers money, and that the U.S. can no longer afford them.

“The money from this program doesn’t go to the homeowner, it goes to the lender, it goes to the banks. And who pays for it? The taxpayers and ultimately our children and grandchildren because the federal government borrows 42 cents of every dollar it spends,” Rep. Spencer Bachus (R-Ala.) said of the FHA Short Refi program.

Rep. Jeb Hensarling (R-TX) said this sort of spending will “drive this country off a cliff.”

Tags: HUD, Republicans, irresponsible, anti-foreclosing programs, housing market, struggling homeowners, FHA, HAMP, EHLP, Short-Refi, NSP

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.
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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.
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March 15, 2011 (Jeff Alan)
mortgage-republican-bb-image
Although the Republicans efforts to end the Obama Administrations anti-foreclosure programs will probably never see fruitation, the Department of Housing and Urban Development (HUD) has sounded off on the Republicans efforts to end the programs as “irresponsible.”

“The Obama administration is committed to helping struggling homeowners stay in their homes and taking the steps needed to stabilize the housing market, and ending this program would mean the loss of an important lifeline for those families and risk damaging the fragile recovery we’re finally starting to see in the housing market,” a HUD spokesperson said. “It would be irresponsible and should be opposed.”

So far the House has passed two bills terminating the Federal Housing Administration’s (FHA) Short-Refi program, which refinances underwater borrowers out of negative equity, and HUD’s Emergency Homeowner Loan Program (EHLP), which provides interest free loans to the unemployed borrowers for help on their mortgage payments.

Two more bills will reach the floor this week, which would end the Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP).

“The Emergency Homeowners Loan Program will provide relief to tens of thousands of families who are still struggling to make ends meet after the deepest economic recession and housing crisis in a generation,” the HUD spokesperson said Friday after the bill passed.

None of the bills are expected to be taken up by the Democrat controlled Senate and President Obama has already said that any such bill that reached his desk would be vetoed.

However, Republicans are determined to push for an end to these programs because they say that the programs have shown overwhelming poor results, are a waste of taxpayers money, and that the U.S. can no longer afford them.

“The money from this program doesn’t go to the homeowner, it goes to the lender, it goes to the banks. And who pays for it? The taxpayers and ultimately our children and grandchildren because the federal government borrows 42 cents of every dollar it spends,” Rep. Spencer Bachus (R-Ala.) said of the FHA Short Refi program.

Rep. Jeb Hensarling (R-TX) said this sort of spending will “drive this country off a cliff.”

Tags: HUD, Republicans, irresponsible, anti-foreclosing programs, housing market, struggling homeowners, FHA, HAMP, EHLP, Short-Refi, NSP

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

March 15, 2011 (Jeff Alan)
mortgage-republican-bb-image
Although the Republicans efforts to end the Obama Administrations anti-foreclosure programs will probably never see fruitation, the Department of Housing and Urban Development (HUD) has sounded off on the Republicans efforts to end the programs as “irresponsible.”

“The Obama administration is committed to helping struggling homeowners stay in their homes and taking the steps needed to stabilize the housing market, and ending this program would mean the loss of an important lifeline for those families and risk damaging the fragile recovery we’re finally starting to see in the housing market,” a HUD spokesperson said. “It would be irresponsible and should be opposed.”

So far the House has passed two bills terminating the Federal Housing Administration’s (FHA) Short-Refi program, which refinances underwater borrowers out of negative equity, and HUD’s Emergency Homeowner Loan Program (EHLP), which provides interest free loans to the unemployed borrowers for help on their mortgage payments.

Two more bills will reach the floor this week, which would end the Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP).

“The Emergency Homeowners Loan Program will provide relief to tens of thousands of families who are still struggling to make ends meet after the deepest economic recession and housing crisis in a generation,” the HUD spokesperson said Friday after the bill passed.

None of the bills are expected to be taken up by the Democrat controlled Senate and President Obama has already said that any such bill that reached his desk would be vetoed.

However, Republicans are determined to push for an end to these programs because they say that the programs have shown overwhelming poor results, are a waste of taxpayers money, and that the U.S. can no longer afford them.

“The money from this program doesn’t go to the homeowner, it goes to the lender, it goes to the banks. And who pays for it? The taxpayers and ultimately our children and grandchildren because the federal government borrows 42 cents of every dollar it spends,” Rep. Spencer Bachus (R-Ala.) said of the FHA Short Refi program.

Rep. Jeb Hensarling (R-TX) said this sort of spending will “drive this country off a cliff.”

Tags: HUD, Republicans, irresponsible, anti-foreclosing programs, housing market, struggling homeowners, FHA, HAMP, EHLP, Short-Refi, NSP

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