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
QRM
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
QRM
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
QRM

New Proposal to Wind Down Freddie Mac and Fannie Mae Announced

2011-11-11T02:24:03-07:00

November 11, 2011 (Chris Moore) A new proposal introduced by Tennessee Senate Republican Bob Corker seeks to responsibly wind down the Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae, effectively ending the government’s involvement in housing finance. […]

New Proposal to Wind Down Freddie Mac and Fannie Mae Announced2011-11-11T02:24:03-07:00

Calls for Changes in Proposed QRM Growing Louder

2011-06-28T17:27:35-07:00

June 28, 2011 (Shirley Allen) The call for changes to the proposed 20 percent down payment rule being proposed under the Qualified Residential Mortgage (QRM) provision by federal regulators continues to grow louder as both housing industry advocates and members of Congress express their belief that the rule violates congressional intent when the Dodd-Frank Finance [...]

Calls for Changes in Proposed QRM Growing Louder2011-06-28T17:27:35-07:00

Comment Period for Risk Retention Rules Extended to August 1st

2011-06-10T01:34:38-07:00

June 10, 2011 (Chris Moore) Regulators from the six federal agencies who were tasked with crafting the proposal for the risk retention rules for mortgages required under last year’s Dodd-Frank Finance Reform Bill have extended the deadline for the public comment period until August 1, 2011. […]

Comment Period for Risk Retention Rules Extended to August 1st2011-06-10T01:34:38-07:00

Senate and House GOP Lead Freddie Mac/Fannie Mae Reform

2011-04-01T04:45:46-07:00

April 1, 2011 (Chris Moore) Republicans in the House of Representatives and the Senate have introduced bills whose ultimate goal is to shrink the federal government’s role in the mortgage market. While the Obama Administration's three option proposal has been little heard from since it was first unveiled over a month ago, the GOP has [...]

Senate and House GOP Lead Freddie Mac/Fannie Mae Reform2011-04-01T04:45:46-07:00

Mortgage Bankers Association Responds to Risk Retention Proposal

2011-03-30T02:56:42-07:00

March 30, 2011 (Jeff Alan) Shortly after the release of the proposed risk retention proposal by the various federal agencies, the Mortgage Bankers Association (MBA) released a statement expressing their concerns about the proposal. Although pleased with some of the proposals, calling proposed rules for commercial real estate financing as “workable,” the MBA expressed concerns [...]

Mortgage Bankers Association Responds to Risk Retention Proposal2011-03-30T02:56:42-07:00

Risk Retention Proposal Released

2011-03-30T02:26:45-07:00

March 30, 2011 (Chris Moore) Seven agencies of the federal government jointly released the risk retention proposal mandated in the Dodd-Frank Refinance Reform Bill. The 233 page report defines “Qualified Residential Mortgages (QRM)” and provides additional guidance on requirements for commercial real estate and automobile loans. Read more...

Risk Retention Proposal Released2011-03-30T02:26:45-07:00