Mortgage delinquency rate drops in Colorado and Nationwide

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Mortgage delinquencies on homes in Colorado dropped in third quarter 2012, The state of Colorado currently has one of the lowest rates residential foreclosure rates nationally, according to the American Bankers association. The current delinquency rate of 5.04% and the number of foreclsoures starts fell to .57% during the quarter , and the number of […]

Big Banks Struggle with Service Issues

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The Service at Big Banks is Angering Customers (Reuters) – Big U.S. banks are hiring mortgage lenders to meet a surge in demand for home loans and refinancings, but they are still struggling to process applications, which could undermine the Federal Reserve’s attempts to stimulate the economy.               Since the Fed announced its plan in […]

According to Gallup, The Improved Housing Market is Lifting the Mood of Americans

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Americans feel a lot better about the economy and the improvements in the housing market are a big reason for that. Optimistic consumers spend more, which further stimulates the  economy. The recent interest rates are working to free up the budgets of millions of households by lowering home mortgage payments.  Unfortunately,  housing traditionally lifted the economy out of recessions […]

Home Ownership Assistance Program (HOAP)

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Home Ownership Assistance Program (HOAP) Pre-Purchase Counseling: Mortgage loan processes can be confusing to first-time homebuyers. HOAP counselors help make the home purchasing process understandable by providing information needed to make well-informed choices concerning special programs available to first-time, low and moderate-income home buyers. To qualify, you must meet income and program guidelines attend a […]