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Springs homeowners could benefit from FHA refinancing program

Colorado Springs homeowners with FHA- backed mortgages are catching a break with a new refinance program that aims to help  lower monthly payments. The FHA Streamline Refinance program went into effect Monday and is designed to help homeowners who bought houses roughly between 2005 and May 31, 2009, when interest rates were running at 6… Continue Reading Springs homeowners could benefit from FHA refinancing program

For a while, it seemed as though regulatory red tape would prevent Central Bancorp from opening a local bank branch. Central already had wealth management, mortgage, title and insurance operations at its downtown office, but had long wanted to add full-service banking to its array of services. Although the Federal Deposit Insurance Corp. wouldn’t authorize… Continue Reading One year later, Central Bank and Trust is on a roll

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The rate at which financial companies make purchases to gain de novo banking charters, like a deal Central Bancorp announced this week, could be speeding up. Central Bancorp, which has been trying to get a banking charter to open a bank in Colorado Springs for about two years, is under agreement to acquire Farmers &… Continue Reading Deals like Central Bancorp’s a growing prospect

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