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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 MORNING: Supply Concessions Set Up. Targets Outlined - 1 hour ago
Posted To: MBS CommentaryThe main theme in the rates market this morning has been a set up for the last Treasury auction of the week :$13 billion 30s. Results to be released at 1pm. The auction supply concession is obvious when looking at both price action outright as well as the long bond's performance relative to the rest of the yield curve. The chart below is 30 year bond prices. Notice the initial concession that was able to be built in after the Employment Situation Report was released last Friday. This theme carried over to this week...bond prices have continued to fall ahead of today's auction. Looking at the long bond's performance relative to the rest of the yield curve makes the auction concession even more obvious. 2s got their butts whipped by 30s after jobs data last Friday and the curve flattened...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Lenders Relaxing Non-Agency ARM Regs; High Cost Loan Reporting Guidance; Negative Convexity Defined; New Mortgagee Letter - 1 hour ago
Posted To: Pipeline PressWho says numbers aren't fun? A top muni bond analyst at Wells Fargo sent THIS to me. Numbers are fun! Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 year old daughter to obtain her driver's permit. Time flies doesn't it? On the other hand, in the mortgage business, it seems like a lifetime ago when companies were offering stated/stated 90% neg AM loans. Can anyone seriously push to have those days come back? That being said, ING notified its brokers that it raised LTV's and CLTV's, especially on Jumbo adjustable rate mortgages. US Bank's wholesale division is pushing its 1/1, 3/1, 5/1, 7/1, 10/1 ARM programs with IO options, cash out, up to $1.5 million. EverBank is "dipping...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS OPEN: Speculative Signs of Reversal in Benchmarks - 3 hours ago
Posted To: MBS CommentaryGood Morning. A nationwide strike has essentially shut down Greece. From the AP : "Thursday's strike — the second in a week — brought the country to a virtual standstill, grounding all flights and bringing public transport to a halt. State hospitals were left with emergency staff only and all news broadcasts were suspended as workers walked off the job for 24 hours to protest spending cuts and tax hikes designed to tackle the country's debt crisis" Seems like a good way to cut the deficit doesn't it? (note sarcasm) Jobless Claims data has been released. The market was expecting 460,000 new claims and 4.49m continued claims. The Labor Department reported initial jobless claims fell to 462,000 in the week ending 3/6/2010. This is 6,000 less than the previous...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower - 4 hours ago
Posted To: MND NewsWireSpeculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down spending. “China is aiming for 3% inflation for all of 2010,” said Benjamin Reitzes from BMO. “Continued acceleration would make that target tough to hit and markets are concerned that this latest jump in inflation could cause Chinese officials to tighten policy further.” Reitzes called the CPI figure “somewhat troubling,” adding that it’s too early to a definitive statement that prices are about to take off. “However, with the economic numbers showing...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS CLOSE: What Can Today Tell Us About Tomorrow? - 19 hours ago
Posted To: MBS CommentaryThis is always the question right? I mean, after all, we already know what is available on our rate sheets at the moment, but the most valuable question always asks for tomorrow's MBS prices today. Forgetting for a moment that you'll usually LOSE more money thinking that way than you'll make, let's suspend GUTFLOP and see if we have any hints at tomorrow's action according to today's events. First, the fundamental arguments... What do we know? 10yr auction built up a decent concession going in and stopped pretty much on the screws (meaning that rates went up ahead of the auction, then we saw strong demand at those rates) Strong demand AT THOSE RATES is evidenced by the relatively high "offers accepted at high" metric from the auction, meaning that most of the...(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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