Half Of CO’s Loan Officer Licenses Turned Off
The Colorado Division of Real Estate on Monday inactivated 4,560 mortgage broker licenses, about half of the licenses in the state. A total of 4,252 licensed mortgage brokers remained active in Colorado as of Monday August 31, 2009. When Colorado’s mortgage broker licensing last went into effect on January 1, 2008, all of the state’s [...]
Get Important Info About Home Equity Loan Rates
Home Equity Loan As the interest rate on credit cards and other loans continues to increase, a mass of individuals have turned to home equity financing options as a method of borrowing money at a low interest rate. The equity of your house is the difference between the marketplace worth of your household at any [...]
Find Out More About Opportunity Cost In This Market
When mortgage banks are constrained by their warehouse lines, and they have to decide which loans to fund or not to fund, is that an example of “opportunity cost”? Yes, although it doesn’t show up on P&L statements. “Opportunity cost” is defined as “the value of the next best alternative forgone as the result of [...]