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CWIS finds growth, profit managing homes for govt.

CWIS, a Colorado Springs real estate appraisal company, has jumped into the middle of the biggest housing market boom in the country — foreclosures. The company, that just one year ago had only three full-time employees, won a five-year, $50 million contract last summer to manage and maintain homes for the U.S. Department of Housing… Continue Reading CWIS finds growth, profit managing homes for govt.

Foreclosure rescue plan tripped up by red tape

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Out-of-work homeowners facing foreclosure in Colorado were supposed to receive more than $40 million in help from the federal government by the end of 2010. Instead, the Housing and Urban Development department’s Emergency Homeowner Loan Program has been delayed at least until April 1, and questions remain about how the funds will be administered and… Continue Reading Foreclosure rescue plan tripped up by red tape

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The Department of Housing and Urban Development will be distributing more than $73 million in grants for foreclosure-prevention and transitional housing counseling in 2011. That’s a 22-percent increase over last year, and a small portion of that will be coming to the Springs. Colorado Springs-based Partners In Housing will be receiving $36,000. The non-profit helps homeless families… Continue Reading Federal foreclosure-counseling money coming to Springs

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Small-down payment loans will cost more

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The secretary of the U.S. Department of Housing and Urban Development has outlined a plan to Congress to increase premiums for borrowers with small down payments and decrease loan-to-values for borrowers with poor credit scores. The housing agency is requesting authority for the Federal Housing Administration to insure $420 billion during fiscal 2011, which begins on Oct.… Continue Reading Small-down payment loans will cost more

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