FHA Calls for Mortgage Principal Write-Downs
FHA Calls for Mortgage Principal Write-Downs
FHA Calls for Mortgage Principal Write-Downs
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

October 19 2010 (Jeff Alan)

Federal Housing Administration Commissioner David Stevens this week urged the Obama administration to pressure mortgage lenders to write down principal for underwater borrowers.

“In my view we need to push hard on the industry. Servicers and investors have got to begin writing down principal,” Stevens told a Women in Housing and Finance meeting in Washington, D.C.

Instead of freezing foreclosures, Stevens said, mortgage servicers should be figuring out how to prevent foreclosures to “keep families who could stay in their home in their home so they don’t get to this final stage where we’re worried about affidavits,” Stevens said.

With approximately one in four homes in America underwater, there is rising concern as time goes on more and more of these underwater borrowers may throw in the towel and let their homes go into foreclosure, compounding the current housing crisis.

But what would be left to answer is whether or not that would be fair to the 3 out 4 homeowners who are not underwater. Those homeowners can easily claim that through no fault of their own and good financial planning that a bailout, and that’s exactly what it would be, for a specific group would not be fair.

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

October 19 2010 (Jeff Alan)

Federal Housing Administration Commissioner David Stevens this week urged the Obama administration to pressure mortgage lenders to write down principal for underwater borrowers.

“In my view we need to push hard on the industry. Servicers and investors have got to begin writing down principal,” Stevens told a Women in Housing and Finance meeting in Washington, D.C.

Instead of freezing foreclosures, Stevens said, mortgage servicers should be figuring out how to prevent foreclosures to “keep families who could stay in their home in their home so they don’t get to this final stage where we’re worried about affidavits,” Stevens said.

With approximately one in four homes in America underwater, there is rising concern as time goes on more and more of these underwater borrowers may throw in the towel and let their homes go into foreclosure, compounding the current housing crisis.

But what would be left to answer is whether or not that would be fair to the 3 out 4 homeowners who are not underwater. Those homeowners can easily claim that through no fault of their own and good financial planning that a bailout, and that’s exactly what it would be, for a specific group would not be fair.

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

October 19 2010 (Jeff Alan)

Federal Housing Administration Commissioner David Stevens this week urged the Obama administration to pressure mortgage lenders to write down principal for underwater borrowers.

“In my view we need to push hard on the industry. Servicers and investors have got to begin writing down principal,” Stevens told a Women in Housing and Finance meeting in Washington, D.C.

Instead of freezing foreclosures, Stevens said, mortgage servicers should be figuring out how to prevent foreclosures to “keep families who could stay in their home in their home so they don’t get to this final stage where we’re worried about affidavits,” Stevens said.

With approximately one in four homes in America underwater, there is rising concern as time goes on more and more of these underwater borrowers may throw in the towel and let their homes go into foreclosure, compounding the current housing crisis.

But what would be left to answer is whether or not that would be fair to the 3 out 4 homeowners who are not underwater. Those homeowners can easily claim that through no fault of their own and good financial planning that a bailout, and that’s exactly what it would be, for a specific group would not be fair.

HOW LOANRATENETWORK
LOAN CENTER WORKS
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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.