Colorado Mortgage Blog

Colorado Registration FAQ

2006-08-17T14:21:00.000-07:00

As you should know, Colorado will require every loan officer to be registered by Jan,1, 2007. CMLA has a great FAQ that you can download concerning the process. In my opinion, the state government does not posses the competence to properly run a program like this. The most current indication of this is CMLA's recommendation to get the process underway by September 1st. Anyway, the time to act is now. This file will help streamline the process.

Download FAQ Here.

Free FICO Seminar

2006-05-12T08:13:00.000-07:00

First Franklin and LandAmerica Credit Services invite you to Expand your knowledge and your business-first.

Put the power of FICOs to work for you.
This is a free, educational seminar. Learn how to unlock the value of all credit scores-so you can close more deals, more easily.

Your borrowers can get extra points to improve their
credit scores
What influences a credit score and what doesn't
To change a credit score in as little as 72 hours
And much more

Space is limited. Register today at ff.com.

Thursday, June 1, 2006
8:00 a.m. - 12:00 p.m.
Registration and complimentary continental breakfast begins at 8:00 a.m.
Following the seminar is a reception beginning at 12:00 p.m.

Sheraton
7007 South Clinton Street
Englewood, Colorado 80112

Broker Registration Editorial

2006-03-14T10:13:00.000-08:00

The Rocky Mountain News weighs in on Mortgage Broker Registration:

"HB 1161 could wipe the state off that list. It would require brokers to register with the Division of Real Estate every three years and pay a modest administrative fee. There are registration exemptions for licensed lending institutions and homeowners who are financing their own sales. "

Ramirez Skirts Jail Time

2006-03-08T13:54:00.000-08:00

From the Rocky Mountain News

"Ramirez was one of six people indicted last year by a Jefferson County grand jury on charges that they defrauded the U.S. Department of Housing and Urban Development on more than $20 million in loans on 117 homes."

Dan Pinto Live in Denver on 03/07/06

2006-02-24T12:17:00.000-08:00

Act now only a few more days to register

Free Seminar on Lead Generation in Denver, CO 3/7/06

CMLA February Newsletter

2006-02-14T09:01:00.000-08:00

Check out the Habitat for Humanity Article. It's cool to see CMLA get involved in this fashion.
CMLA Newsletter - February 2006

2005 Dues Deduction Notice

2006-01-31T16:05:00.000-08:00

If your or your company paid membership dues to the Colorado Mortgage Lenders Association during 2005, then you will want to access a copy of the following notice for tax purposes:Download PDF

CMLA Mortgage Fraud Seminars

2006-01-24T13:42:00.000-08:00

Weds. 2/15 Mortgage Fraud: Truth and Consequences
Featuring Dan Bradley, Sr. Supervisory Resident Agent, FBI
Check-in 11:30 AM / Lunch: Noon/ Meeting ends 1:00 PM
DoubleTree Hotel • 1775 E. Cheyenne Mtn. Blvd. • Colo. Springs, CO
$25 per person

Weds. 2/22 WESTERN CHAPTER LUNCHEON
MORTGAGE FRAUD SEMINAR
Featuring Gary Roberson, PMI
Jason Wandel, FBI Agent
Check-in 11:00 AM / Lunch/seminar begins 11:30 AM / Seminar ends 3:00 PM
Home Loan & Investment Corporation
205 N. 4th St. Grand Junction, CO
$30 per person - inlcudes lunch and seminar

Weds. 2/22 DENVER: MORTGAGE FRAUD SEMINAR
Featuring William Brewster, Fannie Mae; Sonya Faivre, Washington Mutual; Jean Anderson, FBI Agent; Kevin Iverson, Reed Mortgage
Check-in 8:00 AM / Seminar begins 8:30 AM/ Seminar ends 12:00 NOON
The Plaza Conference and Events Center • 6400 S. Fiddler's Green Circle
$69 per person CMLA member / $79 per person non-member

Click Here for details

CMLA joins CAMB on Fraud bill

2006-01-20T05:59:00.000-08:00

From the Denver Post: "Two rival mortgage-industry trade groups have joined to push a bill that would create and finance a board to prosecute people who commit mortgage fraud."

I don't like it. Not only does it set up a giant bureaucracy, they want consumers to pay for it. Placing a fee on every closing (which will be passed on the consumer one way or another) to fund prosecution of the law breakers makes no sense, isn't that what our tax dollars are for? In the end, I bet the closing fees, registration fees and bonding will do nothing to stop the crooks while adding new layers to an already overfunded state government.

AE Boot camp in Denver March 1st.

2006-01-15T20:21:00.000-08:00

"Ron Vaimberg’s ONE DAY ACCOUNT EXECUTIVE BOOT CAMP will teach you exactly how to thrive and prosper in the current market. While many AE’s are waiting for the phone to start ringing again, we will be teaching you how to make your phone ring with broker submissions and scenarios."

Ron Vaimberg International - AE Masters Sales Academy

Mortgage Lender Marketing Seminar

2006-01-12T12:41:00.000-08:00

Hillside Software is conducting a free seminar in Denver, Jan 19 and again on Feb 9.
The Mortgage Lender Training Series

Learn the Latest Trends and Systems for Acquiring and Retaining Referral Business in both Resale and Self-Generated Leads. "

CMLA January Newsletter

2006-01-11T16:06:00.000-08:00

Highlight Include

Wholesale Lending Fair Hi-Lights
Meet CMLA's Habitat for Humanity family
CML Spotlight: Linda McKinley, Premier Mortgage Group LLC and Sharon Revious, Rocky Mountain Bank & Trust
The RESPA Review: Sharpen your RESPA Knowledge and Avoid Fines, Jail Time
CMLA Education Expands in 2006
Local Habitat selected as National Affiliate
CMLA Newsletter

CMLA Fubruary Luncheon

2006-01-10T11:06:00.000-08:00

Featuring Former United States
Senator BILL ARMSTRONG

Mr. Armstrong's vital roles in business as Chairman of three mortgage-related companies, his in-depth involvement in the mutual fund industry, and in the oil and gas industry well qualify him to speak about current challenges in our industry both from a local and national perspective. Join your friends and colleagues for an informative and insightful luncheon event from a true business leader!Details Here

DeepGreen Financial Hires Patricia Cabrera as Wholesale Account Executive

2006-01-10T11:03:00.000-08:00

From the Press Release: "DeepGreen Financial, a lender specializing in home equity loans and lines of credit, said today that Patricia Cabrera has joined its wholesale home equity sales force as an account executive. In this newly created role, Cabrera will be responsible for recruiting new brokers to use DeepGreen Financial's services and will manage relationships with existing brokers in Colorado."

Wholesale Lending Fair TODAY!

2006-01-06T08:23:00.000-08:00

When you arrive at the 15th Annual CMLA Wholesale Lending Fair today, please consider parking at the Marriott DTC. You might want to visit the 99 exhibitors at the Marriott first, then catch a FREE shuttle bus to the Hyatt DTC to see 105 exhibitors there!

$10 admission with FREE drink and food!
FREE parking and PAY parking and Valet parking options available
Register at either hotel ONCE and have access to both hotels!
FREE shuttle service between the hotels!
Show open from 1:00 PM until 5:30 PM
CMLA Wholesale Lending Fair - it's the place to be TODAY!

CMLA Wholesale Lending Fair

Free Seminar on Lead Generation

2006-01-05T14:08:00.000-08:00

MortgageIT Wholesale is presenting a free seminar from Dan Pinto on March 7, 2006.

Generate leads with no telemarketing
Get For-Sale-By Owner sellers sending you buyers
Generate 15-20 qualified leads each month
Find great realtors and have them send you all of their buyers
Use affordable technologies to generate new leads

Click Here for more details.

Appraiser Assisted Mortgage Fraud

2006-01-02T15:00:00.000-08:00

I received the following email today from Phil rice of MKG Appraisal here in Colorado. I did not fact check his work but have no reason to doubt him. Clearly, this shows how it only takes a few people to look the other way in performing their small part of the loan process to result in huge losses for the industry as a whole. Thanks for the heads up Phil.

I have been doing a lot of research on the topic(s) of:
housing bubble - mortgage fraud

Because I admire your Website and I think you have something to say, I put a link to your Website on mine. You can find the link at:

http://www.mkgappraisal.com/whos_who.htm

I would encourage you to take a look at a summary I put together about a person who bought 14 houses in 3 months and managed to borrow $700,000 more than it cost to buy the homes – I call it ‘negative down payment’. The summary is here:
http://www.mkgappraisal.com/Tieskotter02.htm
and the details are spelled out in a letter I wrote to a long list of people/government agencies:
http://www.mkgappraisal.com/letter01.htm
If you are willing to add a link to my site I would appreciate it. We all benefit if we work together. Thanks in advance.

PS – I would welcome any feedback

15th Annual CMLA Wholesale Lending Fair

2005-12-30T13:32:00.000-08:00

If you only go to one trade fair all year, make it this one. It's so big, it now spans over two hotels. I'll see you there.

Friday, January 6, 2006 from 1:00 p.m. - 5:30 p.m. at the Hyatt Regency Denver Tech Center & Marriott Denver Tech Center

There is no advance registration for the CMLA Wholesale Lending Fair. Admission is $10 at the door.
Click Here for more information.

Colorado Seniors among the hardest hit by credit fraud

2005-12-22T09:15:00.000-08:00

The DenverPost has the full story.
"'The reported number of cases of mortgage fraud tripled between 2003 and 2004,' he says, 'and it's still on the rise.'"

CMLA Newsletter

2005-12-16T08:33:00.000-08:00

The December edition of the CMLA Newsletter is out.

Colorado unveils real estate fraud-fighting proposals

2005-12-16T07:55:00.000-08:00

Inman Real Estate News reports on upcoming legislation to fight fraud in Colorado.

"New mortgage fraud-fighting legislation, including mandatory written contracts for foreclosure consultants and equity investors, will be introduced in Colorado based on the findings of its mortgage fraud task force, a state official said Thursday"

November CMLA Newsletter

2005-11-08T23:08:00.000-08:00

Get it here

CMLA Southern Chapter Seminar

2005-11-01T23:45:00.000-08:00

Tues,11/8 'MORTGAGE 101: A Guided Tour Through the Mortgage Process'
Featuring Beryl Johnson, MGIC
Check-in 8:30 AM / Program begins 9:00 AM / Program ends 12:00 PM"
Meetings & Events

New rules proposed for Mortgage Brokers

2005-10-18T07:25:00.000-07:00

I don't think this is the solution to the problem. However, registration beets full on licensing. The Denver Post has more.

"Mortgage brokers doing business in Colorado should register with the state and post $100,000 bonds, Colorado's top regulatory agency recommends, citing recurring broker abuses."

DenverPost.com - BUSINESS

CMLA November Luncheon

2005-10-13T13:32:00.000-07:00

Featuring Colorado State Treasurer MARK HILLMAN.

Thursday, November 3, 2005 at the Atrium Grill Conference Center (formerly the Plaza Conference and Events Center), 6400 S. Fiddler's Green Circle • Greenwood Village, CO

Check-in 11:30 AM / Lunch: NOON / Meeting ends 1:30 PM
CMLA Meetings & Events

ABC Advisor Seminar Series - Barry Habib in Denver

2005-10-04T11:07:00.000-07:00

I've seen Barry speak before. This guy knows the market as well as anyone. Plus it's Free! December 8th at the Marriot Tech Center. Click below to register.

ABC Advisor Seminar Series

CMLA Denver Seminar

2005-10-03T23:44:00.000-07:00

Weds, 10/12 'Fraud in the Mortgage Industry'
Presented by PMI
Check-in 8:00 AM / Program begins 8:30 AM / Program ends 11:00 AM
The Plaza Conference and Events Center • 6400 S. Fiddler's Green Circle
Meetings & Events

CMLA Denver Luncheon

2005-09-29T23:44:00.000-07:00

Thurs, 10/6
Check-in 11:30 AM / Lunch: Noon / Meeting ends 1:30 PM
The Plaza Conference and Events Center • 6400 S. Fiddler's Green Circle
Meetings & Events

Two top execs at Mile High Capital out the door

2005-09-21T22:57:00.000-07:00

The Denver Business Journal reports;
"Two top executives of Englewood real estate investment firm Mile High Capital Group Ltd. have resigned, and one was named in a civil lawsuit by the firm demanding the return of confidential information that he allegedly took with him."
Two top execs at Mile High Capital out the door - Denver - MSNBC.com

CMLA Southern Chapter Luncheon

2005-09-14T23:43:00.000-07:00

Weds, 9/21
Check-in 11:30 AM / Lunch: Noon / Meeting ends 1:30 PM
DoubleTree Hotel • 1775 E. Cheyenne Mtn. Blvd. • Colo. Springs, CO
Meetings & Events

CAMB PAC endorses C&D

2005-09-13T21:46:00.000-07:00

I had the opportunity to speak with a few of the CAMB's (Colorado Association of Mortgage Brokers) Political Action Committee and the trade show last Friday. It was a surprise to me that the were endorsing the passage of Colorado's Referenda C&D. For those no familiar with C&D, they basically suspend parts of TABOR, the Colorado taxpayer's rights bill. The end result is a tax increase, even though the proponents claim otherwise. You can get more info here.

CAMB's reasoning for the endorsement is based on their desire to institute licensing in Colorado. You see, they want the licensing to be funded through government. The government does not have the budget to do so. The solution as they see it, is to increase taxes for every Colorado tax payer in order to fund their plan.

I disagree with CAMB on both counts. Licensing is nothing more than a feel good measure and funding on the backs of taxpayers just makes it that much worse. Because of this stance, I will not be rejoining the association any time soon.

CMLA Western Chapter Luncheon & Seminar

2005-09-12T23:43:00.000-07:00

Tues, 9/20 'Evaluating the Self-Employed Borrower'
Featuring Jon Heinecke, G.E./Genworth Financial
Check-in 11:00 AM / Lunch: 11:30AM - 12:30 PM/ Meeting ends 3:00 PM
Hotel Colorado • 526 Pine Street • Glenwood Springs, CO
Meetings & Events

CMLA Northern Chapter Luncheon

2005-09-09T23:42:00.000-07:00

Weds, 9/14 'Getting to YES for Your Borrower'
Featuring Tony Hernandez, Fannie Mae
Check-in 11:00 AM / Lunch: 11:30 AM/ Meeting ends 1:30 PM
Fort Collins Marriott • 350 E. Horsetooth Rd. • Fort Collins, CO
Meetings & Events

CAMB Convention and Tradeshow is TODAY!

2005-09-09T07:22:00.000-07:00

Just a reminder!
CAMB - Convention and Tradeshow 2005: "Attend the best mortgage educational show of the year. Learn about new vendor programs and products that will soon be launched.

Colorado Convention Center
Exhibit Hall D
700 14th Street
Denver, Colorado
8:00 a.m. to 5:00 p.m."

CMLA Seminar

2005-09-06T23:42:00.000-07:00

Tues, 9/13 'Evaluating the Self-Employed Borrower'
Featuring Beryl Johnson, MGIC
Check-in 8:00 AM / Program begins 8:30 AM / Program ends 11:30 AM
The Marriott DTC • 4900 S. Syracuse Street • Denver, CO
Meetings & Events

Katrina Relief

2005-09-01T00:07:00.000-07:00

No other blogging for me today. See my personal blog, Pagan Capitalist

Last Day to Register!

2005-08-30T11:18:00.000-07:00

September Denver Luncheon

Featuring ANDREW ROMANOFF Speaker, Colorado House of Representatives

Speaker Romanoff is leading efforts to pass Referendum C&D. Supporters look to C&D as an effective means to fix the Colorado Taxpayers Bill of Rights (TABOR) while opponents view the effort as a means for larger government through increased taxation.

Join us for an informative luncheon presentation to hear from Speaker Romanoff to make up your mind about this important issue and to hear from him about his experiences as Speaker during the 2005 general session.

REGISTER TODAY!! Reservation Deadline extended to close of business August 30, 2005
Meetings & Events

Making Boulder homes affordable

2005-08-29T07:02:00.000-07:00

From the Rocky
Rocky Mountain News
I love how writers are always talking about "risky loans". Risky to who? The lender, far more than the borrower.

FBI eyes Longmont broker

2005-08-25T14:20:00.000-07:00

LongmontFYI reports that the FBi is looking at a former Longmont mortgage broker accused of stealing a client’s identity.

New Colorado Tri-Party Agreement

2005-08-25T00:18:00.000-07:00

Sent to me by CMLA
Colorado allows funding lenders, title companies and warehouse line providers to enter into a Tri-Party Agreement ("TPA") by which checks from the mortgage company can be used as "Good Funds." This funding option can provide greater flexibility when closing loans and allows consumers, real estate agents and other parties to a loan transaction to receive funds at the closing table.

Over the past eighteen months, the Colorado Division of Insurance ("DOI") has worked with the Land Title Association of Colorado ("LTAC"), the CMLA and other interested parties to amend the Tri-Party Agreement ("TPA") to better accommodate the interests of consumers, title companies, lenders and warehouse line providers.

DOI has published a new TPA as part of a 23-Page regulatory bulletin available at their web site. Lenders, title companies and warehouse line providers who have interest in the TPA should consult Pages 14 - 16 of DOI bulletin # 3-5-1 for information about the TPA and the "Good Funds" Statute.

It is also important for all lenders, title companies and warehouse line providers who utilize TPAs and checks to close loans to begin the process of converting to the newly amended TPA as soon as possible. The new form is provided on Pages 18-23 of the DOI bulletin.

Click here to download DOI Bulletin # 3-5-1 and the New Tri-Party Agreement

Real Estate Prices, A New Record?

2005-08-24T11:10:00.000-07:00

Denver area prices are setting yet another record. However, many Realtors question the math in this article from the Rocky
Rocky Mountain News: Real Estate
"Record prices set this month
• Average condo price: $198,614
• Single-family median price: $255,000
• Single-family median price, year to date; $245,000
Source: Gary Bauer"

Broker & Loan Officer BootCamp

2005-08-24T00:01:00.000-07:00

WMC is having a free seminar. It's the same week as the CAMB trade show.
WMC Mortgage Corp is proud to sponsor a dynamic three-hour seminar designed to help you succeed in today's market. FREE to Loan Officers and Brokers! In three hours, learn four business strategies that will help you increase your pipeline over the next 12 months. And, to ensure your success, step- by-step guides to planning and implementation are included. Key Strategies include: -Leveraging 1031 Exchanges -Profitable Partnerships -Realtors -Title Companies -CPA's -Identifying Niche Clients And more!

Denver, CO Wednesday, September 7, 2005 Denver Marriott City Center 1701 California Street Denver, CO 80202 9:00 am - 12:30 pm
To RSVP today click here. Please include your name, company name, phone number and your location of preference. For more information, please contact WMC Marketing at (877) WMC-BC4U or go to WMCMortgage.com Sponsored by WMC, your partner in nonprime lending."

Suspected Mortgage Loan Scam Suspect Arrested

2005-08-23T14:55:00.000-07:00

I'll be adding this one to the perp walk as well.
cbs4denver.com: Suspected Mortgage Loan Scam Suspect Arrested:

Colorado Mortgage Broker Wins Corvette

2005-08-23T08:43:00.000-07:00

a la mode, developer of multi- market real estate software and online services, has announced Blake Justus of Clear Creek Mortgage in Golden, Colo., as the winner of a brand new 2005 Corvette convertible. More than 5,000 mortgage brokers entered the giveaway, which was held to celebrate the one-year anniversary of the launch of Mortgage XSites.
Full Press Release

Land-Lease projects coming to Colorado

2005-08-23T00:41:00.000-07:00

I'd like to know which lenders can actually do these deals.

"With the land-lease model, homeowners pay one monthly fee - similar in price to condominium dues or homeowner association fees in master- planned communities - to cover the land lease, property taxes, common area maintenance and landscaping fees."
DenverPost.com - Full Story

The real costs of foreclosures in Denver

2005-08-22T10:04:00.000-07:00

Tom Locke, of the DBJ, via MSNBC, reports on a recent study from UC-Denver. It estimates that at $480,000 is spent on vacant, foreclosed properties in Denver alone.
Foreclosures costly to city, study reveals - Denver - MSNBC.com

Broadway Mortgage Prez buys Rocky Mtn Seed CO & Building

2005-08-21T23:56:00.000-07:00

It was just a few weeks ago, I was sitting on the patio of P.F. Changs LoDo, wondering why that seed company hadn't sold out.
"Denver investor Steve Angelo, president of Denver-based Broadway Mortgage Corp., and J. Scott Barraclough, managing director of equity trading for D.A. Davidson & Co., paid about $3 million for the real estate and the business."
Rocky Mountain News: Real Estate

Denver... better than Detroit!

2005-08-19T00:19:00.000-07:00

Denver got hit harder than most cities in the mini recession of 2002. But the next time you neighbor bemoans the local state of affairs, remind them, "It's better than Detroit!"
"There are more than 12,000 abandoned homes in the Detroit area, a byproduct of decades of layoffs at the city's auto plants and white flight to the suburbs. And despite scores of attempts by government and civic leaders to set the city straight, the automobile capitol of the world seems trapped in a vicious cycle of urban decay."
Full Story - Yahoo! News

CMLA Newsletter - August 2005

2005-08-17T16:35:00.000-07:00

Lot's of good stuff this month including an article on employment laws, and how they affect mortgage professionals.
CMLA Newsletter - August 2005

The lenderama Mortgage Forum is open!

2005-08-16T08:53:00.000-07:00

With two sections, just for Colorado. See the main post:
Mortgage Blog - Industry insights from lenderama: The lenderama Mortgage Forum is open!

Capital! program to provide loans to Hispanic small businesses

2005-08-16T00:31:00.000-07:00

Here's an interesting opportunity on the commercial front.
"'The Capital! program demonstrates U.S. Bank's strong commitment to the growth of the Hispanic business community in Denver,' Jeffrey Campos, president and CEO of the Denver Hispanic chamber said..."
Denver Business Journal

Evaluating the Self-Employed Borrower

2005-08-15T14:09:00.000-07:00

Colorado Mortgage Lenders Association presents "Evaluating the Self-Employed Borrower" featuring Beryl Johnson of MGIC

Attend this seminar and learn how to evaluate self-employed borrowers. Program specifically covers commission/expense, sole proprietor, rentals, and K1s.

Other topics include:

* Review of the AGI method of cash flow
* Review of personal tax returns and schedules
* Information about cash flow through case studies
* Examination of the advantages and disadvantages of different business structures
Tuesday, September 13, 2005
Marriott DTC • 4900 S. Syracuse Street • Denver, CO
Check-in 8:00 AM / Seminar begins: 8:30 AM / Seminar ends 11:30 AM

CMLA Meetings & Events

Credit Re-scoring

2005-08-15T00:55:00.000-07:00

Phil Leto, a local blogger and broker, has a great post about credit re-scoring from last week.
DENVERFINANCING.INFO: Credit Re-scoring

Land Title's "Close Green'' Gives a Blue Spruce Sapling to Buyers and Sellers

2005-08-12T00:31:00.000-07:00

Forget the environment, just the number of paper-cuts avoided is more than enough to legitimize this program.
"Environment, Recycling and Reduction in Paperwork Concerns Prompt Denver's Oldest Title Insurer to Launch First-Ever Linked Documents Online"
Full Press Release

Colorado No. 5 in foreclosures

2005-08-11T00:48:00.000-07:00

Put this next to our top ten finish in mortgage fraud and wonder how soon a new round of proposed regulation to our industry will be percolating the teapot.
LongmontFYI - Colorado No. 5 in foreclosures

The phantom casino workers case continues.

2005-08-10T15:23:00.000-07:00

I posted on the main blog about this story when it broke last month. Look's like it's moving forward with grand jury indictments for all three of them.
"The Jefferson County district attorney's office on Tuesday announced grand jury indictments of three people - a Lakewood Realtor, a loan officer and an unlicensed salesperson "
Rocky Mountain News

Colo. spammer to pay $7 million

2005-08-10T15:07:00.000-07:00

I don't like spam, mortgage spam most of all. Anyway, this is not mortgage related but I thought I would post it out of shear joy.
"Colorado's 'Spam King' agreed Tuesday to pay Microsoft Corp. more than $7 million to settle charges that he sent thousands of illegal e-mails to the company's Hotmail service"
DenverPost.com

Meet Speaker Romanoff at the next CMLA luncheon

2005-08-10T02:09:00.000-07:00

This could be interesting. Persoanlly, I'd like to sneak John Caldera in to liven the dabate a bit. :-)

Speaker Romanoff is leading efforts to pass Referendum C&D. Supporters look to C&D as an effective means to fix the Colorado Taxpayers Bill of Rights (TABOR) while opponents view the effort as a means for larger government through increased taxation.

Join us for an informative luncheon presentation to hear from Speaker Romanoff to make up your mind about this important issue and to hear from him about his experiences as Speaker during the 2005 general session.

Thursday, September 1, 2005

CMLA Event Details

Colorado one of the nation's top 10 hot spots for mortgage fraud

2005-08-09T00:41:00.000-07:00

OK, the story is about Florida, but Colorado get an honorable mention as well!
Mortgage fraud huge in Florida, FBI report says

HousingMaps- the alternative to MLS

2005-08-08T00:47:00.000-07:00

It's just so cool, like Reese's Peanut Butter Cups! Housingmaps.com took the home listings from craigslist and combined them with Google Maps. Two great tastes that taste great together. The best part is, Metro-Denver is one of the cities included.
HousingMaps

Other Colorado blogs of note

2005-08-05T06:52:00.000-07:00

Blogging in Denver is nothing new. There are quite a few in the Mortgage and Real Estate fields that are worth noting

DENVER FINANCING, a mortgage blog serving Denver.
Highlands Ranch Real Estate Information
Denver and the 'burbs.
Metro Denver Real Estate
Vail Valley Real Estate.

In addition, there's several of Political Blogs. To get started, check out the Rocky Mountain Alliance and for just about every thing else, you can visit the Colorado Bloggers Web Ring .

Alpine Fax

2005-08-04T00:46:00.000-07:00

Denver may have it's own Business Journal but the rest of the Colorado Rockies has The Alpine Fax. I'm not sure if anyone gets it by fax anymore, but Alpine Bank's daily business memo is still the premier source for what's happening on the Western Slope.
Alpine Fax

A House That Pays

2005-08-03T00:08:00.000-07:00

The Denver Post has a good article on the latest emerging market for mortgage brokers.

"Reverse mortgages go through the roof as seniors cash in on financing technique that harvests home equity" DenverPost.com - Full Story

Colorado Brokers can learn more about marketing reverse mortgages though Jeffrey Moulton at Wells Fargo

Colorado's Identity Theft Prevention Symposiums

2005-08-02T00:33:00.000-07:00

An interesting press release. Wow, Colorado is fifth per capita in indentity theft. Yikes!

"Colorado ranks fifth in identity theft victims per 100,000 population, according to the Federal Trade Commission (FTC). Colorado state officials and law enforcement personnel are anxious to curtail this epidemic crime and so have partnered with the NNA to offer next month's Identity Theft Prevention symposiums in Boulder, Denver and Colorado Springs (August 2, 3 and 4, respectively)."

PRESS RELEASE Colorado's Identity Theft Prevention Symposiums: a Significant Step to Deter and Detect Fraud

Happy Birthday Colorado! :-)

2005-08-01T10:30:00.000-07:00

Today is my birthday. It's also Colorado's. When I was a kid, I used to think they had parades just for me! Anyway, I thought I'd take this opportunity show my thanks for living in the greatest state in the union.

Colorado.com - Home Page

CAMB - Convention and Tradeshow 2005

2005-07-31T22:02:00.000-07:00

Don't miss the biggest trade show of the year, the 2005 Colorado Association of Mortgage Brokers’ (CAMB) Convention and Trade Show being held at the Colorado Convention Center in Denver on September 9th with exhibitor set up on September 8th.

CAMB - Convention and Tradeshow 2005

Meetings & Events

2005-07-30T09:49:00.000-07:00

Don't miss CMLA's "Mardi Gras in the Mountains", August 2-5, 2005 at the Cascade Resort in Vail, featuring Dr. Barry Asmus

"Dr. Barry Asmus is one of the most exciting, motivational, opinionated and entertaining speakers that I have ever heard - and I can't wait to hear him again! He spoke last year at our annual managers meeting and over 80% of the attendees rated his performance “Excellent.” Barry blends political and economic insight with a strong dose of optimism, then boils it down to provide a unique and informed outlook for the mortgage industry. Make the trip to Vail just to hear from this incredible American and the most entertaining economist that I have ever heard!"
- Jay Wilson, Colorado State Manager, National City Mortgage

CMLA Meetings & Events

Two indicted in alleged mortgage fraud

2005-07-30T09:24:00.000-07:00

"A Denver grand jury has indicted two men on charges they violated the Colorado Organized Crime Control Act in alleged mortgage scams that led to home foreclosures.
Most of the felony charges have been filed against Luis Vagle, the former head of a company called First Financial Corp. at 494 Sheridan Blvd."

Rocky Mountain News: Real Estate

Colorado Corner!

2005-07-29T23:31:00.000-07:00

Now that the main blog is kickin', I'm going to focus some extra attention to the local scene. If you are a Colorado AE or vendor with a product or event that you feel worthy of promotion, drop me a line!