mortgage
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Colorado Supreme Court rejects ‘perverse’ incentive for foreclosures
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The Colorado Supreme Court on Monday rejected a lower court’s interpretation of the law that could have encouraged mortgage lenders to foreclose more quickly on homeowners exiting bankruptcy, calling the effects of such a ruling “perverse.” The issue before the justices was what impact a homeowner’s discharge from bankruptcy has on the timeline for banks…
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Colorado justices skeptical of ‘free house’ loophole in bankruptcy case
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Members of the Colorado Supreme Court appeared wary on Tuesday of the idea that bankruptcy can trigger a six-year window for foreclosure, after which banks are no longer able to take possession of a home – even if decades remain on the mortgage itself. Beyond the legal and practical concerns behind the “free house” interpretation of…
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How Colorado’s congressional delegation voted this week
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H.R. 1153: Mortgage Choice Act of 2017 This was a vote to pass H.R. 1153 in the House. The Mortgage Choice Act of 2017 approved this week is intended to make mortgage lending easier for financial institutions by excluding some charges from the points and fee calculations. It also is supposed to incrementally drive down…
