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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
Pick the service you desire below
Say Brother, Can You Spare $14 Billion?
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
Say Brother, Can You Spare $14 Billion?
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
Say Brother, Can You Spare $14 Billion?

November 10, 2011 (Chris Moore)

Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae together have requested nearly $14 billion in aid to cover losses posted in the latest July to September quarter.

Freddie Mac reported a total comprehensive loss of $4.4 billion for the quarter and made a quarterly dividend payment of $1.6 billion to the Treasury Department resulting in a net worth deficit of $6.0 billion.

With the draw request of $6 billion to the Treasury to cover its net worth deficit, the cumulative total that Freddie Mac has borrowed through then end of the third quarter is $72.2 billion.

Freddie’s net interest income for the quarter was $4.4 billion but was offset by derivative losses of $4.8 billion and credit losses of $3.6 billion. The third quarter’s loss was more than double the $2.1 billion loss in the previous quarter and was the largest aid request since the first quarter of 2010.

“Our financial performance in the third quarter was impacted by the weak housing market, as well as challenging financial market conditions. Freddie Mac was a stabilizing force in the mortgage market, ensuring the continuous flow of funds to lenders and borrowers and helping families avoid foreclosure. We also made further progress this year on becoming a stronger and more efficient company – adding high quality loans to our book and streamlining operations. Taken together, these efforts are maximizing the value of our assets for America’s taxpayers, and reinforcing the housing finance system.” said Freddie Mac Chief Executive Officer Charles E. Haldeman, Jr.

Fannie Mae reported a total comprehensive loss of $5.3 billion in the third quarter and made a quarterly dividend payment to the Treasury Department of $2.5 billion resulting in a net worth deficit of $7.8 billion.

To cover its net worth deficit, Fannie Mae made a draw request of $7.8 billion to the Treasury Department bringing the cumulative total that Fannie Mae has borrowed at the end of the third quarter to $111.6 billion.

Fannie’s net interest income for the quarter was $5.5 billion but was offset by credit losses of $4.9 billion and fair value losses of $4.5 billion driven primarily by losses on risk management derivatives due to a significant decline in swap interest rates during the quarter. The third quarter’s loss was more than triple the $2.3 billion loss in the previous quarter.

“Our results in the third quarter were significantly affected by continued weakness in the housing market and the economy overall. Despite these challenges, we are making solid progress. We are growing a strong new book of business that now accounts for nearly half of our overall single-family guaranty book of business,” said Michael J. Williams, president and chief executive officer. “We help homeowners to avoid foreclosure and provide liquidity to enable working families to buy a home or secure quality affordable rental housing. We are committed to building a stronger housing finance system for the future, and strengthening Fannie Mae to deliver value to customers, families, taxpayers, and the industry.”

Taxpayers have so far spent about $170 billion to rescue Fannie and Freddie with that amount expected to rise to almost $184 billion when the current draw requests are fulfilled.

Tags: GSE, Freddie Mac, Fannie Mae, comprehensive loss, credit losses, derivative losses, weak housing market, low mortgage rates, quality loans

Sources:
Freddie Mac
Fannie Mae

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

November 10, 2011 (Chris Moore)

Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae together have requested nearly $14 billion in aid to cover losses posted in the latest July to September quarter.

Freddie Mac reported a total comprehensive loss of $4.4 billion for the quarter and made a quarterly dividend payment of $1.6 billion to the Treasury Department resulting in a net worth deficit of $6.0 billion.

With the draw request of $6 billion to the Treasury to cover its net worth deficit, the cumulative total that Freddie Mac has borrowed through then end of the third quarter is $72.2 billion.

Freddie’s net interest income for the quarter was $4.4 billion but was offset by derivative losses of $4.8 billion and credit losses of $3.6 billion. The third quarter’s loss was more than double the $2.1 billion loss in the previous quarter and was the largest aid request since the first quarter of 2010.

“Our financial performance in the third quarter was impacted by the weak housing market, as well as challenging financial market conditions. Freddie Mac was a stabilizing force in the mortgage market, ensuring the continuous flow of funds to lenders and borrowers and helping families avoid foreclosure. We also made further progress this year on becoming a stronger and more efficient company – adding high quality loans to our book and streamlining operations. Taken together, these efforts are maximizing the value of our assets for America’s taxpayers, and reinforcing the housing finance system.” said Freddie Mac Chief Executive Officer Charles E. Haldeman, Jr.

Fannie Mae reported a total comprehensive loss of $5.3 billion in the third quarter and made a quarterly dividend payment to the Treasury Department of $2.5 billion resulting in a net worth deficit of $7.8 billion.

To cover its net worth deficit, Fannie Mae made a draw request of $7.8 billion to the Treasury Department bringing the cumulative total that Fannie Mae has borrowed at the end of the third quarter to $111.6 billion.

Fannie’s net interest income for the quarter was $5.5 billion but was offset by credit losses of $4.9 billion and fair value losses of $4.5 billion driven primarily by losses on risk management derivatives due to a significant decline in swap interest rates during the quarter. The third quarter’s loss was more than triple the $2.3 billion loss in the previous quarter.

“Our results in the third quarter were significantly affected by continued weakness in the housing market and the economy overall. Despite these challenges, we are making solid progress. We are growing a strong new book of business that now accounts for nearly half of our overall single-family guaranty book of business,” said Michael J. Williams, president and chief executive officer. “We help homeowners to avoid foreclosure and provide liquidity to enable working families to buy a home or secure quality affordable rental housing. We are committed to building a stronger housing finance system for the future, and strengthening Fannie Mae to deliver value to customers, families, taxpayers, and the industry.”

Taxpayers have so far spent about $170 billion to rescue Fannie and Freddie with that amount expected to rise to almost $184 billion when the current draw requests are fulfilled.

Tags: GSE, Freddie Mac, Fannie Mae, comprehensive loss, credit losses, derivative losses, weak housing market, low mortgage rates, quality loans

Sources:
Freddie Mac
Fannie Mae

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

November 10, 2011 (Chris Moore)

Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae together have requested nearly $14 billion in aid to cover losses posted in the latest July to September quarter.

Freddie Mac reported a total comprehensive loss of $4.4 billion for the quarter and made a quarterly dividend payment of $1.6 billion to the Treasury Department resulting in a net worth deficit of $6.0 billion.

With the draw request of $6 billion to the Treasury to cover its net worth deficit, the cumulative total that Freddie Mac has borrowed through then end of the third quarter is $72.2 billion.

Freddie’s net interest income for the quarter was $4.4 billion but was offset by derivative losses of $4.8 billion and credit losses of $3.6 billion. The third quarter’s loss was more than double the $2.1 billion loss in the previous quarter and was the largest aid request since the first quarter of 2010.

“Our financial performance in the third quarter was impacted by the weak housing market, as well as challenging financial market conditions. Freddie Mac was a stabilizing force in the mortgage market, ensuring the continuous flow of funds to lenders and borrowers and helping families avoid foreclosure. We also made further progress this year on becoming a stronger and more efficient company – adding high quality loans to our book and streamlining operations. Taken together, these efforts are maximizing the value of our assets for America’s taxpayers, and reinforcing the housing finance system.” said Freddie Mac Chief Executive Officer Charles E. Haldeman, Jr.

Fannie Mae reported a total comprehensive loss of $5.3 billion in the third quarter and made a quarterly dividend payment to the Treasury Department of $2.5 billion resulting in a net worth deficit of $7.8 billion.

To cover its net worth deficit, Fannie Mae made a draw request of $7.8 billion to the Treasury Department bringing the cumulative total that Fannie Mae has borrowed at the end of the third quarter to $111.6 billion.

Fannie’s net interest income for the quarter was $5.5 billion but was offset by credit losses of $4.9 billion and fair value losses of $4.5 billion driven primarily by losses on risk management derivatives due to a significant decline in swap interest rates during the quarter. The third quarter’s loss was more than triple the $2.3 billion loss in the previous quarter.

“Our results in the third quarter were significantly affected by continued weakness in the housing market and the economy overall. Despite these challenges, we are making solid progress. We are growing a strong new book of business that now accounts for nearly half of our overall single-family guaranty book of business,” said Michael J. Williams, president and chief executive officer. “We help homeowners to avoid foreclosure and provide liquidity to enable working families to buy a home or secure quality affordable rental housing. We are committed to building a stronger housing finance system for the future, and strengthening Fannie Mae to deliver value to customers, families, taxpayers, and the industry.”

Taxpayers have so far spent about $170 billion to rescue Fannie and Freddie with that amount expected to rise to almost $184 billion when the current draw requests are fulfilled.

Tags: GSE, Freddie Mac, Fannie Mae, comprehensive loss, credit losses, derivative losses, weak housing market, low mortgage rates, quality loans

Sources:
Freddie Mac
Fannie Mae

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