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WELCOME TO ADAMS MORTGAGE!
FORMERLY
COLORADO ONLINE MORTGAGE
Adams Mortgage purchased Colorado Online Mortgage in late 2006. Adams Mortgage continues the tradition of competitive priced home loans with No Origination Fee in many instances. We are proud to continue the legacy of 20+ years of local service including underwriting and funding the loan. AdBanc Inc., our holding company, also owns Adams Bank and Trust located in Colorado Springs and Northern Colorado. They compliment our services by providing construction loans, lot and land loans, and commercial loans.
Purchase/Refinance/New Construction? We have the power in the marketplace to obtain the best loan and price for you.
Please click on one of the following loan officers listed below to help you with your lending needs:
DANA HINES ELIZABETH ELMER
BRENT MROFCZA SHANNON SCOTT HARRY VENIK
The mortgage industry has changed dramatically and interest rates are now determined by your FICO score as well as loan amount, loan to value and the type of program. Don't rely on website or newspaper rate quotes; their are 20+ categories that influence your rate today and you may be disappointed by not obtaining the best interest rate for your needs.
For our secure online application, please click on "Apply Now" at the top left corner of this page. We use today's latest technology to keep your information safe and secure. If you would like to see our operation, come by our location and find out why Adams Mortgage is a trustworthy partner!
Sincerely,
Hutch
Robert Hutchison,
President
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 Mortgage News Daily
MBS AFTERNOON: Slow Decline Back Toward Par - 1 hour ago
Posted To: MBS CommentaryHas AQ shared with you guys already that there is not much to say about the market at the moment? That continues to be the case. Data is non-existent and volume is pathetic. After seeing some AM short covering that brought the 10yr yield down 3.69. Volume takes a noticeable vacation and the bid-side of the market went with it. So sellers soliciting bids were met with more than a few answering machines, vacation messages, and out-of-office replies, figuratively speaking of course. So, the less demand on the bid side of the equation, the more yields have the room to back up regardless of volume. In other words, there isn't some significant amount of "selling" per se, but more appropriately, just no buying. This phenomenon has led both MBS prices and tsy yields more or less in line...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Evolution of Origination Processes and Lender Operations Models - 1 hour ago
Posted To: Community Commentary“The real and effectual discipline which is exercised over a workman is ... that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.” Adam Smith - Scottish philosopher and famed economist, 1723-1790. Among other things, Adam Smith is known for the concept of Division of Labor. As we visit mortgage operations around the country, we see many types of business models. The mortgage business is actually pretty easy... Sales people, (loan offices), go out and kill the animal (originate a loan) The animal (loan file) is skinned, dressed and package up for market (mortgage operation) The finished product (investor file) is delivered to market for sale (secondary market investor). Within these three broad areas of the mortgage...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: Shorts Covered. Positions Square. Flows Now Nonexistent - 3 hours ago
Posted To: MBS CommentaryI am really struggling to find something to talk about today. I already discussed the delay of FHA HVCC, we went over Personal Income and Spending data, I published color on New Home Sales , wrote on mortgage apps, and already told you that secondary is on cruise control until 2010. Not many new stories to share with you....especially in the bond market. Rates showed signs of a rally in the overnight session and carried progress over into the NY trading day...something we were anticipating but not as a function of any BIG PICTURE perspectives. This outlook was based on expected "position squaring" and final exit from the market ahead of Christmas, which we considered to be bond market friendly because positions were SHORT, which needed to be covered, which means buying at the lows...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
New Home Sales Fall in November. Activity Still Stagnate Near Record Low Levels - 4 hours ago
Posted To: MND NewsWireThe Census Bureau and the Department of Housing and Urban Development today released New Residential Home Sales survey data for November 2009. The survey is primarily based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or sales agreement signed, this can occur prior to a permit being issued. Changes in sales price data reflect changes in the distribution of houses by region, size, etc., as well as changes in the prices of houses with identical characteristics. It takes four months to establish a trend of new home purchases In last month's release, which reported on October survey data, sales of new single family houses rose 6.2% to a rate of 430,000 annual transactions, much better than the market's expectation for 410...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MORNING: Reprices for the Worse Possible - 5 hours ago
Posted To: MBS CommentaryI am in a really goofy mood this morning. Unfortunately this state of mind is making its way onto paper via sarcasm. Please see the Mortgage Apps story for more on that... At 1am the Treasury announced the terms of month-end debt supply. $44,000,000,000 in 2s go off on MONDAY December 28 $42,000,000,000 in 5s to be auctioned on TUESDAY December 29 $32,000,000,000 in 7s will be auctioned on WEDNESDAY December 30 That totals $118bn ($95bn in new cash). Pretty much "as expected" in terms of auction amounts. Oh...and by the way. "Rate sheet influential" MBS prices are FALLING FAST! The FN 4.0 is now +0-06 at 97-04 yielding 4.273% and the FN 4.5 is +0-06 at 100-06 yielding 4.489%. (My speeds are slower than the street's assumptions). The secondary market current coupon is...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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