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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.
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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.
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Senate and House GOP Lead Freddie Mac/Fannie Mae Reform
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
Senate and House GOP Lead Freddie Mac/Fannie Mae Reform
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
Senate and House GOP Lead Freddie Mac/Fannie Mae Reform

April 1, 2011 (Chris Moore)
mortgage-gse-image
Republicans in the House of Representatives and the Senate have introduced bills whose ultimate goal is to shrink the federal government’s role in the mortgage market. While the Obama Administration’s three option proposal has been little heard from since it was first unveiled over a month ago, the GOP has come out swinging in its boost for GSE reform.

Thursday, Sens. John McCain, R-Ariz., and Orrin Hatch, R-Utah, unveiled a bill that would dismantle Fannie and Freddie within five years, or turn them completely into private entities.

The legislation proposes having Freddie Mac and Fannie Mae charge higher fees to dissuade use by mortgage borrowers and to start shrinking the size of their mortgage portfolios so that the mortgage market will open up to private banks.

Since their collapse and subsequent seizure by the federal government in 2008, Freddie Mac and Fannie Mae have cost taxpayers over $150 billion. Both Republicans and Democrats, and the Obama Administration, agree that the mortgage giants need to be wound down, they just disagree on how they want to do it.

“Never again can we allow the taxpayer to be responsible for poorly managed financial entities who gambled away billions of dollars,” said McCain, who made the near-collapse of the two housing finance companies an issue in his failed 2008 presidential campaign. “Fannie and Freddie are synonymous with mismanagement and waste.”

Meanwhile, over in the House, Scott Garrett , R-NJ., released a summary of eight bills that cover a broad range of issues in bringing an end to the federal governments involvement with the mortgage giants and establishing policies for a new system of financing the housing industry. Each bill covers a different aspect of reform and was introduced by a different member of the Financial Services Committee.

Garrett, who is the Chairman of the House Financial Services committee overseeing the GSE’s, says the bills are “very specific, very targeted bills to end the bailouts, protect the taxpayers, and get private capital off the sidelines.”

The eight bills are expected to be approved next Tuesday and would take steps like forbidding employees of Fannie and Freddie from being paid more than analogous federal workers, increasing the fees they charge to guarantee loans and ending the requirement that they subsidize lower-cost housing.

The new bills would also require Freddie Mac and Fannie Mae to adhere to the new Qualified Residential Mortgage (QRM) rules from which they are now currently exempt. Garrett said this bill will make it clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.

Tags: GOP, Freddie Mac, Fannie Mae, mortgage giants, GSE, QRM, mortgage market, bailouts, mismanagement, federal government, secondary mortgage market

Sources:
AP
MortgageNewsDaily

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

April 1, 2011 (Chris Moore)
mortgage-gse-image
Republicans in the House of Representatives and the Senate have introduced bills whose ultimate goal is to shrink the federal government’s role in the mortgage market. While the Obama Administration’s three option proposal has been little heard from since it was first unveiled over a month ago, the GOP has come out swinging in its boost for GSE reform.

Thursday, Sens. John McCain, R-Ariz., and Orrin Hatch, R-Utah, unveiled a bill that would dismantle Fannie and Freddie within five years, or turn them completely into private entities.

The legislation proposes having Freddie Mac and Fannie Mae charge higher fees to dissuade use by mortgage borrowers and to start shrinking the size of their mortgage portfolios so that the mortgage market will open up to private banks.

Since their collapse and subsequent seizure by the federal government in 2008, Freddie Mac and Fannie Mae have cost taxpayers over $150 billion. Both Republicans and Democrats, and the Obama Administration, agree that the mortgage giants need to be wound down, they just disagree on how they want to do it.

“Never again can we allow the taxpayer to be responsible for poorly managed financial entities who gambled away billions of dollars,” said McCain, who made the near-collapse of the two housing finance companies an issue in his failed 2008 presidential campaign. “Fannie and Freddie are synonymous with mismanagement and waste.”

Meanwhile, over in the House, Scott Garrett , R-NJ., released a summary of eight bills that cover a broad range of issues in bringing an end to the federal governments involvement with the mortgage giants and establishing policies for a new system of financing the housing industry. Each bill covers a different aspect of reform and was introduced by a different member of the Financial Services Committee.

Garrett, who is the Chairman of the House Financial Services committee overseeing the GSE’s, says the bills are “very specific, very targeted bills to end the bailouts, protect the taxpayers, and get private capital off the sidelines.”

The eight bills are expected to be approved next Tuesday and would take steps like forbidding employees of Fannie and Freddie from being paid more than analogous federal workers, increasing the fees they charge to guarantee loans and ending the requirement that they subsidize lower-cost housing.

The new bills would also require Freddie Mac and Fannie Mae to adhere to the new Qualified Residential Mortgage (QRM) rules from which they are now currently exempt. Garrett said this bill will make it clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.

Tags: GOP, Freddie Mac, Fannie Mae, mortgage giants, GSE, QRM, mortgage market, bailouts, mismanagement, federal government, secondary mortgage market

Sources:
AP
MortgageNewsDaily

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

April 1, 2011 (Chris Moore)
mortgage-gse-image
Republicans in the House of Representatives and the Senate have introduced bills whose ultimate goal is to shrink the federal government’s role in the mortgage market. While the Obama Administration’s three option proposal has been little heard from since it was first unveiled over a month ago, the GOP has come out swinging in its boost for GSE reform.

Thursday, Sens. John McCain, R-Ariz., and Orrin Hatch, R-Utah, unveiled a bill that would dismantle Fannie and Freddie within five years, or turn them completely into private entities.

The legislation proposes having Freddie Mac and Fannie Mae charge higher fees to dissuade use by mortgage borrowers and to start shrinking the size of their mortgage portfolios so that the mortgage market will open up to private banks.

Since their collapse and subsequent seizure by the federal government in 2008, Freddie Mac and Fannie Mae have cost taxpayers over $150 billion. Both Republicans and Democrats, and the Obama Administration, agree that the mortgage giants need to be wound down, they just disagree on how they want to do it.

“Never again can we allow the taxpayer to be responsible for poorly managed financial entities who gambled away billions of dollars,” said McCain, who made the near-collapse of the two housing finance companies an issue in his failed 2008 presidential campaign. “Fannie and Freddie are synonymous with mismanagement and waste.”

Meanwhile, over in the House, Scott Garrett , R-NJ., released a summary of eight bills that cover a broad range of issues in bringing an end to the federal governments involvement with the mortgage giants and establishing policies for a new system of financing the housing industry. Each bill covers a different aspect of reform and was introduced by a different member of the Financial Services Committee.

Garrett, who is the Chairman of the House Financial Services committee overseeing the GSE’s, says the bills are “very specific, very targeted bills to end the bailouts, protect the taxpayers, and get private capital off the sidelines.”

The eight bills are expected to be approved next Tuesday and would take steps like forbidding employees of Fannie and Freddie from being paid more than analogous federal workers, increasing the fees they charge to guarantee loans and ending the requirement that they subsidize lower-cost housing.

The new bills would also require Freddie Mac and Fannie Mae to adhere to the new Qualified Residential Mortgage (QRM) rules from which they are now currently exempt. Garrett said this bill will make it clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.

Tags: GOP, Freddie Mac, Fannie Mae, mortgage giants, GSE, QRM, mortgage market, bailouts, mismanagement, federal government, secondary mortgage market

Sources:
AP
MortgageNewsDaily

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