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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
mortgages
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
mortgages

HUD Announces More Loan Originator Terminations

2011-01-26T06:00:17-07:00

January 26, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) announced that it is terminating Origination Agreements with 15 lenders due to higher than normal default rates on loans endorsed by the Mortgagees. Reinstatement is possible if the affected branch or branches have been terminated for at least six months and the [...]

HUD Announces More Loan Originator Terminations2011-01-26T06:00:17-07:00

Should States Try to Force Loan Modifications?

2011-01-04T05:30:29-07:00

January 4 2011 (Jeff Alan) Despite the outcries from consumer advocates, only three states and two cities require mandatory mediation and even those don’t require the lenders to make a settlement. The only thing that administrators in the mandatory programs tell borrowers and lenders at the beginning of the foreclosure process is that they are [...]

Should States Try to Force Loan Modifications?2011-01-04T05:30:29-07:00

Freddie Mac Delays Foreclosures for Service Members

2010-12-18T05:00:17-07:00

December 18 2010 (Chris Moore) Freddie Mac has continued to show its support for our brave service members by instructing its servicers to delay initiating foreclosure for at least nine months for financially troubled members who are released from active duty through the end of 2011 and have Freddie-backed mortgages. Read more...

Freddie Mac Delays Foreclosures for Service Members2010-12-18T05:00:17-07:00

Freddie Mac’s Delinquency Rate Below Industry Benchmarks

2010-12-07T05:00:35-07:00

December 7 2010 (Jeff Alan) According to the most recent MBA National Delinquency Survey, mortgage giant Freddic Mac’s serious delinquency rates were less than half the industry average in the third quarter of 2010. Read more...

Freddie Mac’s Delinquency Rate Below Industry Benchmarks2010-12-07T05:00:35-07:00

America’s Thrifts Continue to Stabilize

2010-12-06T05:00:04-07:00

December 6 2010 (Chris Moore) Banks and mortgage lenders have garnered most of the attention during the housing crisis, but America’s Thrift and Loans have seen their share hard times as well. In a report released by the Office of Thrift Supervision (OTS) on Friday, the thrift industry posted profits of $1.77 billion, marking the [...]

America’s Thrifts Continue to Stabilize2010-12-06T05:00:04-07:00

40% of Homeowners Still Paying Over 6 Percent or More on Mortgages

2010-12-02T08:47:44-07:00

December 2 2010 (Chris Moore) According to JPMorgan, which tracks U.S. mortgages held by major lenders including Freddie Mac and Fannie Mae, nearly 40 percent of homeowners are still paying 6 percent or more on their mortgages. Read more...

40% of Homeowners Still Paying Over 6 Percent or More on Mortgages2010-12-02T08:47:44-07:00

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