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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
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Is Foreclosure Aid Hurting or Helping?
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
Is Foreclosure Aid Hurting or Helping?
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
Is Foreclosure Aid Hurting or Helping?

February 22, 2011 (Shirley Allen)
mortgage-reagan-quote-image
Texas Republican Randy Neugebauer, the Chairman of the House Financial Services Oversight Subcommittee, says that he believes that the government needs to come to terms with the fact that its foreclosure prevention efforts are failing and actually making the housing market worse.

The Chairman went on to say that the programs need to be shut down because they are preventing the housing market from bottoming out, which is critical before the recovery can begin.

“I really, truly believe that if we will go ahead and quit trying to throw Band-Aids on this housing market … this limbo-like state is prolonging the recovery of the housing market,” Neugebauer said.

The Treasury Department’s Home Affordable Modification Program (HAMP) and other government-sponsored loan modification efforts have ran woefully short of their intended targets. HAMP alone was originally touted by the Treasury Department to have a goal of helping 3 to 4 million homeowners receive loan modifications but based on current estimates will ultimately only result in between 700,000 to 800,000 permanent loan modifications with almost twice as many people dropping out of trial modifications than those who have received permanent modifications.

In a scathing report by the Congressional Oversight Committee, they concluded, “Treasury’s reluctance to acknowledge HAMP’s shortcomings has had real consequences. Absent a dramatic and unexpected increase in HAMP enrollment, many billions of dollars set aside for foreclosure mitigation may well be left unused. As a result, an untold number of borrowers may go without help – all because Treasury failed to acknowledge HAMP’s shortcomings in time.”

The Special Inspector General for TARP said in a report that after two years, many of HAMP’s goals have been largely unmet.

“It is TARP’s failure to realize its most specific Main Street goal, ‘preserving homeownership,’ that has had perhaps the most devastating consequences,” according to SIGTARP. “Treasury’s central foreclosure prevention effort designed to address that goal — the Home Affordable Modification Program— has been beset by problems from the outset and, despite frequent retooling, continues to fall dramatically short of any meaningful standard of success.”

Neugebauer also added, “My perception is right now that most of the people that can keep their homes can keep them, but we are probably postponing the people that long-term aren’t going to be able to keep them. … Some of these crazy programs that we’ve dreamed up, I think we may have to pull the plug on them: HAMP — no more government modifications.”

Neugebauer is also in favor of privatizing the government-sponsored enterprises as well as remove any government guarantee from the mortgage market.

“Somebody asked me what would be the one thing by the end of 112th Congress that would be the most important thing to get done,” Neugebauer said. “I’d have to put getting the mortgage market back on track again and having an overall plan of how we are going to get the taxpayers out of that business.”

Maybe Ronald Reagan was right when he famously said that the most dangerous words in America are “I’m from the government and I’m here to help.”

Tags: foreclosure prevention, loan modifications, mortgage market, congressional oversight committee, financial oversight subcommittee, hamp

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 22, 2011 (Shirley Allen)
mortgage-reagan-quote-image
Texas Republican Randy Neugebauer, the Chairman of the House Financial Services Oversight Subcommittee, says that he believes that the government needs to come to terms with the fact that its foreclosure prevention efforts are failing and actually making the housing market worse.

The Chairman went on to say that the programs need to be shut down because they are preventing the housing market from bottoming out, which is critical before the recovery can begin.

“I really, truly believe that if we will go ahead and quit trying to throw Band-Aids on this housing market … this limbo-like state is prolonging the recovery of the housing market,” Neugebauer said.

The Treasury Department’s Home Affordable Modification Program (HAMP) and other government-sponsored loan modification efforts have ran woefully short of their intended targets. HAMP alone was originally touted by the Treasury Department to have a goal of helping 3 to 4 million homeowners receive loan modifications but based on current estimates will ultimately only result in between 700,000 to 800,000 permanent loan modifications with almost twice as many people dropping out of trial modifications than those who have received permanent modifications.

In a scathing report by the Congressional Oversight Committee, they concluded, “Treasury’s reluctance to acknowledge HAMP’s shortcomings has had real consequences. Absent a dramatic and unexpected increase in HAMP enrollment, many billions of dollars set aside for foreclosure mitigation may well be left unused. As a result, an untold number of borrowers may go without help – all because Treasury failed to acknowledge HAMP’s shortcomings in time.”

The Special Inspector General for TARP said in a report that after two years, many of HAMP’s goals have been largely unmet.

“It is TARP’s failure to realize its most specific Main Street goal, ‘preserving homeownership,’ that has had perhaps the most devastating consequences,” according to SIGTARP. “Treasury’s central foreclosure prevention effort designed to address that goal — the Home Affordable Modification Program— has been beset by problems from the outset and, despite frequent retooling, continues to fall dramatically short of any meaningful standard of success.”

Neugebauer also added, “My perception is right now that most of the people that can keep their homes can keep them, but we are probably postponing the people that long-term aren’t going to be able to keep them. … Some of these crazy programs that we’ve dreamed up, I think we may have to pull the plug on them: HAMP — no more government modifications.”

Neugebauer is also in favor of privatizing the government-sponsored enterprises as well as remove any government guarantee from the mortgage market.

“Somebody asked me what would be the one thing by the end of 112th Congress that would be the most important thing to get done,” Neugebauer said. “I’d have to put getting the mortgage market back on track again and having an overall plan of how we are going to get the taxpayers out of that business.”

Maybe Ronald Reagan was right when he famously said that the most dangerous words in America are “I’m from the government and I’m here to help.”

Tags: foreclosure prevention, loan modifications, mortgage market, congressional oversight committee, financial oversight subcommittee, hamp

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 22, 2011 (Shirley Allen)
mortgage-reagan-quote-image
Texas Republican Randy Neugebauer, the Chairman of the House Financial Services Oversight Subcommittee, says that he believes that the government needs to come to terms with the fact that its foreclosure prevention efforts are failing and actually making the housing market worse.

The Chairman went on to say that the programs need to be shut down because they are preventing the housing market from bottoming out, which is critical before the recovery can begin.

“I really, truly believe that if we will go ahead and quit trying to throw Band-Aids on this housing market … this limbo-like state is prolonging the recovery of the housing market,” Neugebauer said.

The Treasury Department’s Home Affordable Modification Program (HAMP) and other government-sponsored loan modification efforts have ran woefully short of their intended targets. HAMP alone was originally touted by the Treasury Department to have a goal of helping 3 to 4 million homeowners receive loan modifications but based on current estimates will ultimately only result in between 700,000 to 800,000 permanent loan modifications with almost twice as many people dropping out of trial modifications than those who have received permanent modifications.

In a scathing report by the Congressional Oversight Committee, they concluded, “Treasury’s reluctance to acknowledge HAMP’s shortcomings has had real consequences. Absent a dramatic and unexpected increase in HAMP enrollment, many billions of dollars set aside for foreclosure mitigation may well be left unused. As a result, an untold number of borrowers may go without help – all because Treasury failed to acknowledge HAMP’s shortcomings in time.”

The Special Inspector General for TARP said in a report that after two years, many of HAMP’s goals have been largely unmet.

“It is TARP’s failure to realize its most specific Main Street goal, ‘preserving homeownership,’ that has had perhaps the most devastating consequences,” according to SIGTARP. “Treasury’s central foreclosure prevention effort designed to address that goal — the Home Affordable Modification Program— has been beset by problems from the outset and, despite frequent retooling, continues to fall dramatically short of any meaningful standard of success.”

Neugebauer also added, “My perception is right now that most of the people that can keep their homes can keep them, but we are probably postponing the people that long-term aren’t going to be able to keep them. … Some of these crazy programs that we’ve dreamed up, I think we may have to pull the plug on them: HAMP — no more government modifications.”

Neugebauer is also in favor of privatizing the government-sponsored enterprises as well as remove any government guarantee from the mortgage market.

“Somebody asked me what would be the one thing by the end of 112th Congress that would be the most important thing to get done,” Neugebauer said. “I’d have to put getting the mortgage market back on track again and having an overall plan of how we are going to get the taxpayers out of that business.”

Maybe Ronald Reagan was right when he famously said that the most dangerous words in America are “I’m from the government and I’m here to help.”

Tags: foreclosure prevention, loan modifications, mortgage market, congressional oversight committee, financial oversight subcommittee, hamp

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