by Jon Terry | Sep 30, 2013 | Blog, Foreclosure, Mortgage Guidelines, Short Sale
The Great Recession that started in late 2007 forced many responsible Colorado homeowners into mortgage loan default and/or bankruptcy. Because of this, the Federal Housing Authority (FHA) realized that credit histories don’t always reflect a person’s true ability or...
by Jon Terry | Aug 30, 2013 | Blog
Colorado consumers have received more than $425 million in mortgage relief through June 30th under the National Mortgage Settlement, an agreement designed to compensate borrowers who have lost their home to foreclosure and provide financial assistance to current...
by Jon Terry | Mar 20, 2012 | Blog, Personal Finance
Credit scores play a huge role in today’s mortgage market — larger than at any time in recent history. Blame it on the high default rates of the last half-decade. Lenders are reserving their lowest rates for the customers most likely to make on-time...
by Jon Terry | Feb 5, 2012 | Blog, Mortgage Guidelines
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. The Federal Reserve conducts a quarterly survey of its member banks and, last quarter, not a single responding bank reported having tightened its mortgage guidelines...
by Jon Terry | Feb 2, 2012 | Blog, The Economy
This week, once more, we find mortgage rates are on a downward trajectory. Conforming mortgage rates have returned to near all-time lows. After this morning’s Non-Farm Payrolls report, however, those low rates may come to an end. It’s a risky time for...
