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.
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

Freddie Mac Suspends Evictions During Holidays

2010-12-01T18:12:57-07:00

December 1 2010 (Jeff Alan) Government mortgage giant Freddie Mac announced today that it is suspending foreclosure evictions from December 20 to January 3 for all occupied single family and 2-4 unit properties that have associated Freddie Mac mortgages. “If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater [...]

Freddie Mac Suspends Evictions During Holidays2010-12-01T18:12:57-07:00

Mortgage Delinquencies Remain Flat as Foreclosures Rise

2010-11-19T17:40:20-07:00

November 19 2010 (Jeff Alan) Foreclosure inventories continue to rise in October even though the amount of mortgage payments reported late remained flat. The percentage of homes that had loans 30 days or more past due but not in foreclosure was 9.29 at the end of October which was an increase of 0.1 percent from [...]

Mortgage Delinquencies Remain Flat as Foreclosures Rise2010-11-19T17:40:20-07:00

FHA Issues Annual Financial Report

2010-11-16T22:22:42-07:00

November 16 2010 (Chris Moore) The Federal Housing Administration (FHA) today released its annual report to Congress on the financial status of its Mutual Mortgage Insurance (MMI) Fund, FHA’s principal insurance account that includes all single-family and reverse mortgage activity and the news was good. Read more...

FHA Issues Annual Financial Report2010-11-16T22:22:42-07:00

Mortgage “Roll Rates” Peaked in Summer of 2009

2010-11-01T17:12:43-07:00

November 1 2010 (Chris Moore) In a report released by credit bureau giant TransUnion, mortgage delinquency “roll rates” peaked in the summer of 2009. The “roll rate” is the percentage of borrowers who enter a worse delinquency stage on their mortgage payments each successive month. In other words, a higher percentage of borrowers are behind [...]

Mortgage “Roll Rates” Peaked in Summer of 20092010-11-01T17:12:43-07:00

New FICO Score Helps Lenders Better Predict Defaults

2010-10-29T13:59:48-07:00

October 29 2010 (Jeff Alan) The three major U.S. credit reporting agencies are offering a new FICO score for prescreening, originating, and servicing home loans that better predicts the likelihood of default. Read more...

New FICO Score Helps Lenders Better Predict Defaults2010-10-29T13:59:48-07:00

Refinancing Surges as Mortgage Rates Hit New Lows

2010-10-13T23:21:32-07:00

October 13 2010 (Shirley Allen) Refinance demand surged higher this week as mortgage rates hit record lows according to the latest survey released by the Mortgage Bankers Association (MBA). MBA’s refinance index had fallen for the last five straight weeks but home loan demand increased 14.6 percent for the week ending October 8th as mortgage [...]

Refinancing Surges as Mortgage Rates Hit New Lows2010-10-13T23:21:32-07:00