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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
federal reserve
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
federal reserve

New Fed Policy Makes It Harder to Stop Foreclosures

2010-12-06T05:15:19-07:00

December 6 2010 (Shirley Allen) The Federal Reserve is considering changing policy that will make it much harder for homeowners to stop foreclosures and escape predatory home loans. The Fed's proposal to amend a 42-year-old provision of the federal Truth in Lending Act would put an end to a homeowners right to cancel, or rescind, [...]

New Fed Policy Makes It Harder to Stop Foreclosures2010-12-06T05:15:19-07:00

Federal Reserve Releases Beige Book

2010-12-02T08:42:21-07:00

December 2 2010 (Chris Moore) The Federal Reserve released their Beige Book on December 1st and reports from the twelve Federal Reserve Districts indicate that the economy continued to improve, on balance, during the reporting period from early/mid-October to mid-November. Read more...

Federal Reserve Releases Beige Book2010-12-02T08:42:21-07:00

Fed Report Shows Continued Decline in Consumer Debt

2010-11-28T18:10:07-07:00

November 28 2010 (Chris Moore) The Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit this week for the third quarter of 2010. The report revealed that consumer debt continues its downward trend of the previous seven quarters, though the decline slowed in the last quarter. Since the third [...]

Fed Report Shows Continued Decline in Consumer Debt2010-11-28T18:10:07-07:00

Mortgage Equity Hits Nearly $7 Trillion

2010-11-28T01:20:58-07:00

November 27, 2010 (Jeff Alan) It’s hard not to get caught up in all the negative news about the housing market and the mortgage loan business today. It seems like all we hear about is underwater home loans and foreclosures. You’d almost think that every American has negative equity or that no one can qualify [...]

Mortgage Equity Hits Nearly $7 Trillion2010-11-28T01:20:58-07:00

Federal Reserve’s New Online Resource for Credit Scores and Reports

2010-11-11T14:06:00-07:00

November 11 2010 (Shirley Allen) The Federal Reserve announced a new online resource that provides practical answers to questions about credit reports, credit scores, and the importance of protecting personal credit histories. Read more...

Federal Reserve’s New Online Resource for Credit Scores and Reports2010-11-11T14:06:00-07:00

Smaller Banks Tighten Underwriting Standards on Loans

2010-11-09T17:31:48-07:00

November 9 2010 (Shirley Allen) According to the October 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve, smaller banks and mortgage lenders reported tighter lending standards on mortgage loans over the previous three months which marks a reversal from a slight easing that had been reported in the previous [...]

Smaller Banks Tighten Underwriting Standards on Loans2010-11-09T17:31:48-07:00

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