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Sen. Paul Introduces Bill to De-fund HUD
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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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Sen. Paul Introduces Bill to De-fund HUD
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.
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Sen. Paul Introduces Bill to De-fund HUD

January 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

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.
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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.
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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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January 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

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 27, 2011 (Chris Moore)
mortgage-rand-paul-image
Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing and Urban Development (HUD).

According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately de-funded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” said Sen. Paul.

The Republicans have apparently decided to take a completely different approach than that of the current administrations policy of bailing out the banks, Wall Street, and complicit government agencies for what many perceive as their bad behavior that lead to the housing crisis. The bill is the latest in a Republican surge against spending on housing policy and Wall Street reform. Days after the new Congress convened, Rep. Michele Bachmann (R-Minn.) introduced a bill that would repeal the Dodd-Frank Act.

According to Sen. Paul’s overview of the bill: “Policies perpetuated by HUD and its related agencies played a key role fostering sub-prime lending that brought the financial system to its knees in 2008. By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over one million homes in 2008.”

But housing alone is not the only cut in the bill. Paul proposes reductions in costs from the Environmental Protection Agency, the Department of Agriculture, the Departments of Energy and Education, and even defense. The bill cuts $14 billion in payments made to military personnel among other operations.

“By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government,” Paul said in a statement released Tuesday.

This is going to be a very interesting two years.

Tags: HUD, rand paul, VA, oversizaed government, wasteful programs, federal government, risky mortgages, housing policy

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