Comprehensive Home Loan Resource Now Available for Consumers Online

Home Loan Learning Center from the Mortgage Bankers Association Provides Critical Consumer Home Loan Information

The Mortgage Bankers Association (MBA) today announced the launch of its updated Home Loan Learning Center (www.homeloanlearningcenter.com), an interactive online resource that provides consumers with critical information on mortgages and the home-buying process.

MBA created the Home Loan Learning Center to inform consumers about options that best fit their life circumstances when buying a home.  The Web site provides essential loan, credit and other valuable information using a simple and very user-friendly approach.

"The Home Loan Learning Center is part of MBA`s efforts to make the home-buying process as transparent as possible so that every consumer can get the best possible loan for his or her specific financial situation," said MBA Chairman John M. Robbins, CMB. "HomeLoanLearningCenter.com provides critical and valuable information regardless of a homebuyer`s location or stage of life."

Visitors to the Home Loan Learning Center will learn step-by-step how to seek and obtain the best possible loan for their circumstances.  This information includes:

• Mortgage basics;

• A "Mortgage Myth Busters" quiz;

• How consumers can obtain their credit report so that they understand the type of loan they are eligible for;

• How consumers can find a lender in their area;

• Current mortgage rates;

• A mortgage calculator to determine the cost of a loan;

• Homeowner success stories; and

• Links to state, federal, non-profit and consumer Web sites.

"With so many choices available to consumers today, it`s necessary that all homebuyers educate themselves and understand their finances, credit and the home-buying process before they begin shopping for their home and mortgage," said Robbins.  "After all, buyers may be able to save thousands of dollars by making the right choice when it comes to their mortgage, and HomeLoanLearningCenter.com can help make that possible."

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 500,000 people in virtually every community in the country.  Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation`s residential and commercial real estate markets, and to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of more than 3,000 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA`s Web site: www.mortgagebankers.org.

About Home Loan Learning Center:

HomeLoanLearningCenter.com, the Mortgage Bankers Association`s unbiased consumer education information site, is committed to empowering the consumer to make informed financial decisions through access to financial education.  Visit Home Loan Learning Center at:  www.homeloanlearningcenter.com.