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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.
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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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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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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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Pick the service you desire below
HAMP

Loan Modifications Decline in February According to HOPE NOW

2011-04-08T02:50:39-07:00

April 8, 2011 (Shirley Allen) HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification report, which shows approximately 61,000 proprietary loan modifications and 26,147 Home Affordable Modification Program (HAMP) modifications were completed, for an estimated total of 87,000 completed modifications. The total [...]

Loan Modifications Decline in February According to HOPE NOW2011-04-08T02:50:39-07:00

HAMP Servicers to be Graded by Treasury Department

2011-04-06T02:59:58-07:00

April 6, 2011 (Chris Moore) Acting Assistant Secretary of the Treasury, Timothy Massad, revealed in a speech given at Harvard University’s John F. Kennedy School of Government, that starting in April the Treasury Department will include a scorecard for each of the largest HAMP servicers in its quarterly compliance report. Read more...

HAMP Servicers to be Graded by Treasury Department2011-04-06T02:59:58-07:00

OTS: Credit Quality Improves For Fourth Consecutive Quarter

2011-04-05T02:06:19-07:00

April 5, 2011 (Jeff Alan) Credit quality of first lien mortgages improved in the fourth quarter of 2010, as the percentage of seriously delinquent mortgages declined for the fourth consecutive quarter, according to the quarterly report released by the Office of Thrift Supervision (OTS). It was the lowest level seen since the second quarter of [...]

OTS: Credit Quality Improves For Fourth Consecutive Quarter2011-04-05T02:06:19-07:00

Obama’s March Scorecard: Housing Market Remains Fragile

2011-04-04T03:19:08-07:00

April 4, 2011 (Chris Moore) The Obama Administration released the March edition of the Housing Scorecard, cautioning that the latest housing figures underscore fragility in the housing market and the need to continue efforts to help families stay in their homes. Citing figures from CoreLogic, home prices remain weak under continued strain from foreclosures and [...]

Obama’s March Scorecard: Housing Market Remains Fragile2011-04-04T03:19:08-07:00

House Votes to Terminate HAMP

2011-03-30T02:27:16-07:00

March 30, 2011 (Chris Moore) The House of Representatives voted to terminate the Obama Administration’s flagship anti-foreclosure program, the Home Affordable Modification Program (HAMP), by a vote of 252-170. HR 839 had been pushed through by House Republicans who have criticized the program as wasteful and under-performing. Read more...

House Votes to Terminate HAMP2011-03-30T02:27:16-07:00

Congressional Oversight Committee: TARP Shortchanged Homeowners

2011-03-25T05:00:35-07:00

March 25, 2011 (Chris Moore) In one of its last reports issued before its demise, the Congressional Oversight Committee (COC) faulted the Troubled Asset Relief Program (TARP) for failing to spend enough money to curb foreclosures. TARP was launched by the Bush Administration in response to the 2008 financial crisis, but was also to include [...]

Congressional Oversight Committee: TARP Shortchanged Homeowners2011-03-25T05:00:35-07:00

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