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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 And Treasuries Stay Strong Through Close - 5 hours ago
Posted To: MBS CommentaryBond Bulls In Control All Day Long Fannie 4.5's rise 7 ticks to 101-03 10yr note yield finally meets resistance at 3.65 Stocks end at best levels since Q308 Stocks face major test tomorrow to hold these levels In case you missed it, the news of the day was the FOMC statement. Just want us to pick out and discuss the juicy parts for you? Here: AQ RECAPS FOMC MINUTES Lock/Float already discussed in previous post here: MG DISCUSSES LOCK CONSIDERATIONS Other big news of the day here: Dodd's Releases Reform Package Need more discussion? Good Recap and More Lock/Float The MBS and Treasury bullet points at the top of the page can all be seen in today's chart. The "bulls in control" statement references that there was no major episode of losses (more evident in treasuries). AQ...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
How Did the FOMC Meeting Affect Mortgage Rates? - 5 hours ago
Posted To: Mortgage Rate WatchAfter moving higher following a worse than anticipated read on Retail Sales last Friday, mortgage rates made modest improvements yesterday. Activity in the fixed income marketplace was pretty boring though. Mortgage backed securities traded in an extremely tight price range as market participants sat on the sidelines in anticipation of the release of the FOMC Statement today. Before talking about the Federal Reserve, we have a few economic indicators to recap. First out this morning Housing Starts and Building Permits. Housing Starts data estimates how much new residential real estate construction occurred in the previous month . New construction means digging has begun. Adding rooms or renovating old ones does not count, the builder must be constructing a new home (can be on old foundation...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Reprices for the Better Reported as MBS Hit Intraday Price Highs - 7 hours ago
Posted To: MBS Commentary4.5's up 8 ticks on the day to 101-04 10yr Tsy yield down just over 4bps to 3.65 S&P at 1159 (highest since sept. 2008, 9 pts higher than Friday) AQ brought you up to speed on FOMC statement, and the rest of the day has been pretty easy: just sit back and enjoy the healthy (but not insane) rally... Both MBS and Tsy's look to be honing in on their ranges established just after FOMC. A bit more volatility in MBS at the moment, but take some solace by the stronger and steadier showing from benchmark big brother: 10yr tsy. It's not like we're not expected to widen out from 10's, but when the benchmark is stable into a rally, it's one more variable we do not have to account for in identifying threats to pricing. Look for reprices for the better if you haven't seen...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
What is Right About the Mortgage Industry? - 7 hours ago
Posted To: Community CommentaryI have probably drafted around 15 different articles for a Community Commentary since the beginning of the year, but chose not to post them because for the most part they were rants about the absurdity of RESPA, the idiocy of HVCC, the impotence of the CFPA. But as I read each draft, I felt I was simply regurgitating everything that is negative, feeding on the energy of discontent that anyone crazy enough to still be originating mortgage loans for a living is already experiencing. Instead, I asked myself what is right about the mortgage industry? What can we take away as positives in this community? Rays of light that can been seen as a hopeful sign of good things to come, rather than evidence of another hurtling train coming to decimate what is left of the non-big bank mortgage lending community...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
FOMC STATEMENT: Fed's MBS Purchase Program on Course to End as Planned, But.... - 8 hours ago
Posted To: MBS CommentaryThe FOMC Statement has been released. First and foremost, there was no significant change in the verbiage regarding the end of the MBS Purchase Program. Here is how the statement reads: "To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve has been purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt; those purchases are nearing completion, and the remaining transactions will be executed by the end of this month " The text that follows the above statement was slightly adjusted in a manner that leaves the door open for a program extension. "The Committee will continue to monitor the economic outlook and financial developments and will employ its...(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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