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HAMP
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
HAMP
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
HAMP

Wells Fargo Proprietary Loan Mods Outpace HAMP Mods 5 to 1

2011-07-05T12:44:19-07:00

July 5, 2011 (Jeff Alan) Wells Fargo & Co. announced that since the beginning of 2009, they have initiated 687,047 active trial or completed loan modifications of which 585,213 were done through the company’s own loan modification programs and 101,834 that have been done through the federal government’s Home Affordable Modification Program (HAMP), a ratio [...]

Wells Fargo Proprietary Loan Mods Outpace HAMP Mods 5 to 12011-07-05T12:44:19-07:00

Mortgage Performance Improves in the First Quarter of 2011

2011-07-01T01:04:42-07:00

July 1, 2011 (Jeff Alan) The Office of Thrift Supervision (OTS) reports that mortgage loan performance on first-lien mortgages serviced by large national banks and federal thrifts improved during the first quarter of 2011. […]

Mortgage Performance Improves in the First Quarter of 20112011-07-01T01:04:42-07:00

HAMP Permanent Modifications Approaching 700k

2011-06-10T01:16:51-07:00

June 10, 2011 (Jeff Alan) The Treasury Department reports that a total of 699,053 permanent loan modifications have been started under the government’s Home Affordable Modification Program (HAMP) through the end of April, 2011. Permanent modifications in April numbered 28,867, which was less than the 36,827 recorded in March of 2011, but was in-line with [...]

HAMP Permanent Modifications Approaching 700k2011-06-10T01:16:51-07:00

Is Your Home Underwater? Behind on Your Payments?

2011-05-26T00:29:45-07:00

May 26, 2011 (Jeff Alan) According to a recent poll by Rasmussen, 51 percent of homeowners believe that they owe more on their mortgage than their home is worth, and if you are underwater or behind on your payments, the Treasury Department and the Department of Housing and Urban Development (HUD) have introduced a way [...]

Is Your Home Underwater? Behind on Your Payments?2011-05-26T00:29:45-07:00

April Scorecard Shows HAMP Slow But Steady

2011-05-11T02:37:52-07:00

May 11, 2011 (Chris Moore) After a fast start, the Home Affordable Modification Program (HAMP) has settled into the role as the tortoise in the race to the loan modification finish line. According to the Obama Administrations April Housing Scorecard, 35,432 loans were modified in March under HAMP bringing the total number of permanent loan [...]

April Scorecard Shows HAMP Slow But Steady2011-05-11T02:37:52-07:00

Freddie Mac Turns a Profit; Fannie Mae Loses Billions

2011-05-09T01:00:00-07:00

May 9, 2011 (Chris Moore) Earnings for the two government owned mortgage companies, Freddie Mac and Fannie Mae, went in completely opposite directions in the first quarter of 2011 as Freddie Mac reported $676 million in net income and Fannie Mae lost $8.7 billion which triggered a request for $8.5 billion in additional financial aid. [...]

Freddie Mac Turns a Profit; Fannie Mae Loses Billions2011-05-09T01:00:00-07:00

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