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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 officers
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 officers

Did Fannie Mae/Freddie Mac Decision Cause FHA Fee Increase?

2011-02-17T05:00:37-07:00

February 17, 2011 (Chris Moore) Following the release of the Obama Administrations proposal on how to deal with the demise of Freddie Mac and Fannie Mae, the Department of Housing and Urban Development (HUD) announced that it was increasing fees on all Federal Housing Administration (FHA) insured mortgages. Many of the discussions leading up to [...]

Did Fannie Mae/Freddie Mac Decision Cause FHA Fee Increase?2011-02-17T05:00:37-07:00

Mortgage Industry Employment Halved Since 2005

2010-11-30T01:09:47-07:00

November 30 2010 (Chris Moore) In October 2005, just prior to the peak of the housing boom, there were a record high 535,400 mortgage brokers, loan officers, mortgage underwriters, loan processors, and others working in the mortgage financial industry. Total mortgage industry employment today is estimated at 246,400, less than half reported at the industry’s [...]

Mortgage Industry Employment Halved Since 20052010-11-30T01:09:47-07:00

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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