“this is a gift they will never return,” Peter [...]
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Peter Lansing founded Universal Lending Corp. 30 years ago. When Peter Lansing launched Universal Lending Corp., mortgage rates were at 17.5 percent and the average home in the Denver area sold for $65,000. Peter Lansing saw a need to improve houses where senior citizens live, resulting in the Adopt-A-Home [...] “There will be nobody left to refinance,” Peter [...] Homeowners in the Denver metro area could potentially save more than $500 million a year by refinancing, according to an estimate by InsideRealEstateNews.com, if they only were able to take advantage of record-low mortgage rates. Many borrowers cannot. “I have to tell dozens and dozens of borrowers that they don’t qualify,” said Lou Barnes, principal of Boulder [...] “Socially, politically and economically, it makes a lot of sense,” Tom [...] “Across-the-board risk retention will unnecessarily and unfairly raise costs on creditworthy borrowers seeking products that are demonstrably lower risk,” Glen [...] “This is an ironic result in a bill that is trying to mitigate systemic risk and too-big-to-fail [...] It probably couldn’t be a worse time,” to implement the changes in RESPA, but the rule changes are coming in any [...] |
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