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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
mortgage industry
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
mortgage industry

Sen Shelby Calls Mortgage Deal a Shakedown

2011-03-11T05:00:02-07:00

March 11, 2011 (Chris Moore) Sen. Richard Shelby of Alabama, the ranking Republican member of the Senate Banking Committee, calls the proposed $20 billion mortgage settlement by the Obama administration, the state attorneys general, and other federal agencies a “shakedown.” Read more...

Sen Shelby Calls Mortgage Deal a Shakedown2011-03-11T05:00:02-07:00

Freddie Mac Corrects the New York Times

2011-03-09T05:00:13-07:00

March 9, 2011 (Chris Moore) Freddie Mac has posted a chart on its website in response to information that it feels was erroneous in an article by the New York Times. In the article, the author Binyamin Appelbaum, claims that Fannie Mae and Freddie Mac had slashed the requirements for down payments in recent years [...]

Freddie Mac Corrects the New York Times2011-03-09T05:00:13-07:00

Bank of America Rejects Obama Proposal

2011-03-09T04:30:22-07:00

March 9, 2011 (Chris Moore) Bank of America representatives said on Tuesday that the Obama Administration’s $20 billion proposal to try to force banks to write down mortgage principals was unworkable and unfair to borrowers who had managed to stay current on their loans, a point made previously here on LoanRateUpdate. “There’s a core problem [...]

Bank of America Rejects Obama Proposal2011-03-09T04:30:22-07:00

Obama’s $20B Proposal: A Drop in the Bucket

2011-02-28T04:50:05-07:00

February 28, 2011 (Chris Moore) Although in the early stages, the battle lines are already being drawn in the sand over the Presidents reported proposal to force mortgage lenders and servicers to either pay fines of over $20 billion or to modify an equal amount of mortgage loans by writing down the principal balances. On [...]

Obama’s $20B Proposal: A Drop in the Bucket2011-02-28T04:50:05-07:00

Senate Judiciary Committee Holds Mediation Hearing

2011-02-02T05:00:04-07:00

February 2, 2011 (Jeff Alan) As promised, Rhode Island Senator Sheldon Whitehouse (D) and the Senate Judiciary Committee held a hearing Tuesday regarding possible legislation granting bankruptcy judges the power to require foreclosure mediation between banks and homeowners. Whitehouse, who recently commented on a story featured here concerning Judge Votolato’s recent bankruptcy court decision, is [...]

Senate Judiciary Committee Holds Mediation Hearing2011-02-02T05:00:04-07:00

Credit Union Shows Mortgage Industry How To Do It

2010-12-15T05:00:47-07:00

December 15 2010 (Chris Moore) Two years ago, a North Carolina credit union launched a mortgage assistance program that has had unprecedented success and should be a model for the mortgage industry. At a time when mortgage holders have been overwhelmed with foreclosures, the State Employees Credit Union (SECU) has used a little old fashioned [...]

Credit Union Shows Mortgage Industry How To Do It2010-12-15T05:00:47-07:00

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