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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 CLOSE: Guess What! NFP Week Is Exciting! - 3 hours ago
Posted To: MBS CommentaryAnother month, another impending jobs report, and another round of epic markets... Sadly, nothing was so epic about MBS or Tsy's today, unless you're a big fan of long term rates moving quickly back away from short term rates (steepening yield curve)... The good 'ol steepener generally isn't so good for MBS in this market as it tends to coincide with price losses in lower coupon MBS and longer duration tsys. On the day, here's the damage: 4.0 back under par. down 20 ticks to 99-26 4.5 down 14 ticks to 102-06, just a tick under the highest weekly close in history (so things could still be worse in terms of outright price) 10yr tsy's down 24 ticks. Yield up to 3.28. Stocks Rally, but the epic bull flag, aka range-bind continues... 10yr futures FAIL to confirm yesterday's...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS ALERT: New Intraday Low Hit as Yield Curve Steepens - 6 hours ago
Posted To: MBS CommentaryMortgages are finding it difficult to maintain support as the 10yr tests the all important 3.27% pivot point. The long end of the yield curve is taking a beating today. Illustrating this is the steeper 2s/10s curve, which is noticeably weaker after failing to break through 252bps resistance. In the secondary mortgage market, as prices began to fall, originators started selling more and more loans...we've seen almost 9,000 trades today with nearly $3 billion in new loan supply hitting bid lists, most of which has been offered this afternoon. Bad timing for MBS supply as prices were already plummeting. The FN 4.5 just hit another intraday low print at 102-07.... The FN 4.0 is -0-14 at 100-01 yielding 4.004% and the FN 4.5 is -0-14 at 102-07 yielding 4.229%. The secondary market current coupon...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Addressing the 'New' Root Cause of the Great Housing Crisis - 9 hours ago
Posted To: Voice of HousingIn the wake of the administration’s announcement that it will mandate additional changes to it’s Making Home Affordable program aimed at improving its pace and overall effectiveness, it bears asking the question whether the program’s ineffectiveness to date is a result of factors now largely beyond the control of the lenders and servicers charged with the program’s implementation. One thing is certain and that is with unemployment now in the double digits and expected to continue to rise into mid-2010, it is prudent to expect that the impacts of ANY loan modification program will be at best modest. And like it or not, the administration must now come to grips with the reality that perhaps the greatest housing crisis in this nation’s history – though borne...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells - 9 hours ago
Posted To: Pipeline PressI usually try to keep my opinions out the daily commentary. But I am really becoming irked by the press. One day they complain about our industry having foreclosure problems and the credit crisis here in the US and in the world. And then the next day they complain about the declining rate of mortgage approvals and fewer people qualifying for home loans in the US. And then on the third day they will have some story about how it makes sense for a borrower to walk away from their home loan obligation. Geez! (I’d read on the web that one guy, who was forcefully complaining about his parking ticket in front of his dad, got this response from the father: " Just pay the parking ticket. Don't be so outraged. You're not a freedom fighter in the civil rights movement. You double parked...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Profit Potential in Warehouse Lending - 9 hours ago
Posted To: Community CommentaryOver the weekend, I asked my wife about the most memorable place we’d visited in the last 10 years. We’ve had the opportunity to see many places around the world and this one is very special. Do any of you know the place in the image below? See the answer below... The answer is Iguazu Falls on the Argentina / Brazil border. SEE MORE We talked yesterday about the opportunity for community banks to partner with a mortgage banker. If a community bank is not interested in the mortgage banking aspect, they should look at warehouse lending only. Let’s look at three revenue components of a warehouse lending program, assuming $10 million in outstanding for a mortgage banking customer: 1. Let’s assume a 3.00% spread. You’ll probably do better, but let's be conservative...(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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