Taylor Bean & Whitaker Colorado Lender

Back on track: Cedar Heights’ revival serves as lesson:
Million-dollar homes and priceless views make Cedar Heights one of the more desirable places to live in the Pikes Peak region. But posh hasn’t always meant problem-free. A decade ago, the nearly 1,000-acre community that sits above Garden of the Gods on Colorado Springs’ far west side was home to one of the more contentious neighborhood-developer disputes in recent city history. Road problems led to a homeowner revolt and stalled development.
Go to Article (Colo Springs Gazette)

Garfield County housing help may be on way:
The head of the Garfield County Housing Authority says the federal government has told her it intends to give the authority more money, but she’s not ready to halt plans to end rental-assistance funding for 76 families. Also Thursday, U.S. Sen. Mike Bennet and U.S. Rep. John Salazar, both Colorado Democrats, wrote the Department of Housing and Urban Development, urging it to free up the funding needed to help the families.
Go to Article (GJ Daily Sentinel)

Greek house planned for upscale apartments in Boulder:
BOULDER, Colo.  If a Minnesota-based developer gets his way, a half-century-old Boulder building that’s housed hundreds of fraternity and sorority members over the years will soon become an upscale student apartment complex. According to city records, developer Dick Putnam has filed plans to renovate and add a third story to the 1960s-era building he owns at 985 16th St.
Go to Article (Boulder Daily Camera)

Home sellers frustrated as short-sale deals collapse:
Scores of homeowners who thought they’d cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing market’s recovery. The sales of homes for less than the amount owed the bank, known as “short sales,” have been widely viewed as an alternative that could help slow the foreclosure epidemic. In theory, delinquent homeowners escape a mortgage they cannot afford, and lenders, although taking a loss, avoid the even costlier process of completing a foreclosure.
Go to Article (usa today)

Troubled lender Taylor Bean big in Colo.:
Troubled mortgage-lending giant Taylor, Bean & Whitaker Mortgage Corp., raided by federal agents this week, was a major supplier of government-backed loans at risk of foreclosure in Colorado. The state ranks fifth nationally with 576 “seriously delinquent” loan’s valued at $107 million’s generated by Taylor Bean through the Federal Housing Administration program, according to data provided by the agency. Topping the list was Georgia, followed by Florida, where the lender is based. The two states combined for nearly 5,000 of the firm’s 13,316 bad loans across the country.
Go to Article (Denver Post )