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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
loan modification
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
loan modification

Got HAMP? Maybe Not For Long

2011-01-31T06:15:10-07:00

January 31, 2011 (Chris Moore) Rep. Darrell Issa (R-Calif) and Rep. Jim Jordan (R-Ohio) introduced legislation to end the Home Affordable Modification Program (HAMP). Issa, the chairman of the Oversight and Government Reform Committee, and his colleagues said the Treasury Department's program to help troubled borrowers avoid foreclosure has been a bust. This comes on [...]

Got HAMP? Maybe Not For Long2011-01-31T06:15:10-07:00

Hardest Hit Fund Foreclosures Delayed 45 Days

2011-01-21T05:30:33-07:00

January 21, 2011 (Jeff Alan) Fannie Mae announced that it is directing its mortgage servicers to delay scheduled foreclosure sales for 45 days. The moratorium applies to borrowers that been approved assistance through the Hardest Hit Fund. The Hardest Hit Fund was part of a series of housing programs announced in February 2010 to help [...]

Hardest Hit Fund Foreclosures Delayed 45 Days2011-01-21T05:30:33-07:00

What Happens When Lenders “Walk Away” From a Home

2011-01-17T14:12:24-07:00

January 17, 2011 (Chris Moore) Recent news reports have showcased the increasing occurrences of homeowners who “walk away” from their homes. Also know as “strategic defaults,” most of these homeowners are not behind on their payments or are financially distressed, but instead walk away from their homes because they owe far more on their home [...]

What Happens When Lenders “Walk Away” From a Home2011-01-17T14:12:24-07:00

Fed Chief Dismayed by Continuing Housing Slump. I’m Scared

2011-01-10T05:30:53-07:00

January 10, 2011 (Chris Moore) Federal Reserve Board chairman Ben Bernanke, in testimony before the Senate Banking Committee, said he is dismayed by the persistence of high foreclosure rates, declining home values, and the futility of government efforts to engineer a recovery in the housing market. Read more

Fed Chief Dismayed by Continuing Housing Slump. I’m Scared2011-01-10T05:30:53-07:00

Can’t Make Your Mortgage Payment? Where to Turn

2011-01-10T05:15:16-07:00

January 10, 2011 (Shirley Allen) The first thing you should always do as a first step if you ever reach that point where you are having difficulty making your mortgage payment is quite simply…call your lender. Your mortgage lender may have options to help you make your payments more affordable or to avoid foreclosure. Read [...]

Can’t Make Your Mortgage Payment? Where to Turn2011-01-10T05:15:16-07:00

Mortgage Industry Leaders Call for National Standards

2010-12-24T06:00:22-07:00

December 24 2010 (Chris Moore) In a letter addressed to the Obama Administrations top financial leaders, fifty-two of the mortgage industry’s top executives are calling for the development of national standards in the originating, selling and servicing of mortgage loans. Read more...

Mortgage Industry Leaders Call for National Standards2010-12-24T06:00:22-07:00

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