CoAMP News

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  • 11 Apr 2017 3:36 PM | Kay Cleland (Administrator)

    Please update your member profile in our COAMP website.  

  • 20 Mar 2017 4:23 PM | Kay Cleland (Administrator)

    Committee Members Wanted for all committees of COAMP!  

    -Government Affairs

    -Membership

    -PR

    -Education

    -Events

     

    Get Involved!  We want to hear from you!   720-670-0124 Call Kay 

  • 20 Mar 2017 4:19 PM | Kay Cleland (Administrator)

    Please join us on our Facebook page to stay up to date with COAMP! 

    https://www.facebook.com/Colorado-Association-of-Mortgage-Professionals-287777801352162/

      

  • 20 Mar 2017 4:17 PM | Kay Cleland (Administrator)

    We are proud to present the New Colorado Mortgage Summit on September 19, 2017 at the DTC Marriott.  Stay tuned for more details.   

  • 17 Apr 2016 10:38 AM | Jayne Bail (Administrator)

    CHC Luncheon 3/16/16


    Today our presenter was Patricia Flood, Professional Engineer with Wright Water Engineers, Inc.   Ms Flood reviewed the Colorado Water Plan which was completed in November of 2015.  This plan addresses the demand, usage and forecast of our state water.  Her presentation is attached.  The take away was that we will need to look for ways to lessen our usage of water.   




    Flood Colorado Housing Council Mar 2016 (1).pptx

  • 17 Apr 2016 10:36 AM | Jayne Bail (Administrator)

    The Director of the Division of Housing for the Colorado Department of Local Affairs, Alison George, was our presenter today.  She focused her presentation (attached) on the actions of the Division of Housing and their funding efforts to improve the access for all Coloradans to decent, affordable housing. She presented us with data  that showed how hard it is for low income households to afford housing in Denver Metro and then expanded to the Front Range data which offers more affordable housing options.


    2016 CHC meeting.pdf

  • 17 Apr 2016 10:34 AM | Jayne Bail (Administrator)

    CHC Luncheon 1/20/16

     

    Elizabeth Garner from the State Demography Office in the Colorado Department of Affairs was our speaker today.  She covered the history and changes of our state demographics.  She related the population with job growth, employment and unemployment for the past 25 years.  Reviewed the age brackets of our state population and how that will change in the future and how that will effect jobs and housing.

    She had a great presentation!   CO DOLA Presentation.pdf


  • 21 Nov 2013 11:17 AM | Anonymous

    DORA

    For those of you who didn't know, I visited DORA yesterday in Denver for the Board of Mortgage Loan Originators Meeting.  It was an interesting morning to say the least.  They are still actively dealing with licensing issues, marketing issues and rule changes.  They discussed license requirements, continuing education, renewal procedures, rules that are going to be cleaned up and current investigations.  Their next meeting will be January 15, 2014 at 9:00am.

    CO Housing Council

    After the DORA meeting, I made my way to the University Club to have lunch with the CHC group.  The presenter was Ron Milzer with MDC Holdings (Richmond Homes).  He went through some really good data during our time there.  In short, I came away with these bullet points:

    Denver and CO in general is a very stable market

    Builder contracts are up +20% YTD

    Builder Sales Contracts dropped like a rock when Bernanke announced "tapering", they have not bounced back

    3rd Quarter is generally weak for housing starts, but has had its best quarter since 2007 this year

    All Housing Sales are up +21% but inventory is VERY limited, only 2.3 month's supply in Denver (their lowest since 2000)

    The last time the supply of 'resale' inventory was less than 3 months Denver experienced double-digit appreciation...

    This year Denver has experienced its highest annual appreciation in home values since 2001

    Public Trustee Deeds & Election & Demands are at their lowest points since before the real estate crash

    Land is very hard to find for builders.  

    Land that is already developed is nearly non-existent.

    Notice of Defaults spiked in September to over triple the previous month and the highest point in 2 years

    New home median prices have seen roughly 35% appreciation since 2010

    Foreclosures are at their lowest levels in 10 years

    Vacancy rates have followed a similar path

    Rent rates are on the climb

    Cordray unveils ‘Know Before You Owe’ mortgage rule

    The head of the Consumer Financial Protection Bureau announced a new rule to simplify mortgage forms Wednesday – but some industry groups are calling it an undue burden on smaller lenders.

    Speaking at an event in Boston, CFPB Director Richard Cordray laid out the “Know Before You Owe” mortgage rule, which will require lenders to provide simplified mortgage forms that will make it easier for the borrower to find information like interest rates, closing costs and monthly payments. The rule is scheduled to take effect in August of 2015.

    For full details, visit:

    http://www.consumerfinance.gov/knowbeforeyouowe/

  • 05 Nov 2013 10:35 AM | Anonymous
    http://www.namb.org/namb/GA_Home.asp?SnID=1449768433

    From NAMB site:

    I am pleased to report that YOUR participation in helping NAMB collect data about consumer credits and the impact the QM's 3% point and fees cap has really turned some heads in D.C.

     

    NAMB, along with other trade groups such as MBA and NAR have been invited to meet with Director Cordray and his staff on to discuss the impact of the points and fees cap, the disparities against mortgage brokers, and the ability for consumers to truly shop and compare mortgage loans.

     

    Our efforts, along with your support, really do go a long way. We may not always make our efforts public, but understand that we have our industry's best interest as well as that of the consumer at heart. For example, we met with the CFPB two months ago to discuss consumer credits, our efforts were picked up and reported positively by the main street press, and here we are with an invite from Director Cordray himself. 

     

    NAMB does have open lines of communication with our regulators and we will continue to work with them to improve the state of housing and do what is best for the consumer. 

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