• Recommended Sites

• Categories

  • blog
  • business
  • colorado
  • commercial
  • credit
  • denver
  • denver post
  • economy
  • equity
  • faq
  • foreclosure
  • fraud
  • humor
  • interest only
  • mortgage
  • personal finance
  • rates
  • real estate
  • rocky mountain news
  • seo
  • sports
  • top five

The headline is much better than the article:

“Quick action by Erin Toll, state Division of Real Estate director, kept lenders from pulling out of Colorado because of new laws.”

In June, some major lenders (OptionOne Mortgage, IndyMac, SunTrust Mortgage and Aurora Loan Services) threatened to stop making home loans in Colorado after they disagreed with new requirements the state placed on mortgage providers.

The lenders were beefing about this law:

Mortgage providers must show that loans are reasonable and benefit borrowers, and they must also disclose more about how they are compensated.

Seriously, don’t waste your time reading the full article: Regulator keeps money flowing for homebuyers

Comments

• Search

  

  Custom Search

• Tags

  adjustable rate mortgage appraisal colorado commercial compare consolidation construction conventional credit score debt denver fha first mortgage first time home buyer fixed rate mortgage foreclosure home equity home equity loan home loan investing jumbo lending loan amount meltdown mortgage mortgage backed securities negative amortization prepayment prime property purchase rate rate increase real estate refinance reverse mortgage second mortgage shopping stated income Subprime va value

• Recent Posts

  • No Country for Mortgage Brokers
  • File under…
  • Monday Morning Quarterback
  • Keeping up with…
  • Video: The Subprime Meltdown of 2007
  • Pavilions, Argonaut, and more
  • Why don’t we save?
  • Spanning the web
  • Mad World
  • What will 2008 bring…

• Legal

  The content provided on this website is presented for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you.