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• Plea deal reached for New Frontier Bank loan officer

  December 11, 2012 11:22 PM

  DENVER (AP) - A plea deal has been reached for a former New Frontier Bank loan officer who is facing federal fraud charges. The U.S. Attorney's Office Tuesday announced Gregory Bell and prosecutors have reached an agreement. A change of plea hearing is set for Feb. 5. Details of the... more »

• CU students waiting to hear Obama loan plans

  April 24, 2012 8:06 AM

  BOULDER, Colo. (AP) - University of Colorado students are hoping to hear good news when President Barack Obama visits the University of Colorado in Boulder to talk about student loans. Backers are worried that student support for Obama is not as strong as it was four years ago, but CU... more »

• Mayor Bach orders review of Urban Renewal Authority

  February 15, 2012 6:27 PM

  The Colorado Springs City Government will conduct a review of the Urban Renewal Authority, including financial records. Mayor Steve Bach ordered the review and asked for cooperation from Urban Renewal. The financial status of the Urban Renewal Authority has come into question in recent weeks after it defaulted... more »

• $90 million loan goes to Alamosa solar company

  May 10, 2011 12:12 PM

  The Department of Energy has committed to loan $90 million to Congentrix of Alamosa to build a 30 megawatt photovoltaic power generating station in the San Luis Valley. U.S. Energy Secretary Steven Chu made the announcement today. The project will provide 75 construction jobs and 10 jobs after construction... more »

• Ordinance contains no loan wording

  March 10, 2011 5:55 PM

  Pueblo City Clerk Gina Dutcher confirms the ordinance passed by the Pueblo City Council yesterday turns about $750,000 over to Pueblo Motorsports Park and does not stipulate the money is a loan. Dutcher told News First 5 there is an "understanding" that if PMP starts making money it will... more »

• Mortgage applications lowest in 13 years

  June 9, 2010 1:43 PM

  The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives. The Mortgage Bankers Association said Wednesday purchase volume declined 5.7 percent and is at its lowest point... more »

• Hispanic ranchers lawsuit drags on

  May 28, 2010 7:13 PM

  U.S. Sens. Mark Udall and Michael Bennet say they want a resolution soon on a 2000 federal lawsuit filed by Hispanic farmers and ranchers who allege unfair treatment during the distribution of disaster loans. The senators' statements Friday came during the week the government began discussions to resolve the... more »

• State treasurer addresses Chavez concerns

  May 12, 2010 8:53 PM

  In light of the scathing audit on the Cesar Chavez School Network, Pueblo City Schools has big concerns about Cesar Chavez Academy's debt. On Wednesday, the state treasurer traveled to Pueblo to address those concerns. Cary Kennedy says the academy owes nearly $15.7 million in bonds, which were used to... more »

• Payday loan bill passes state senate

  April 30, 2010 7:20 PM

  The Senate has passed tighter limits on payday lenders, which opponents say will drive the industry out of business. The bill passed by just one vote Friday and now heads back to the House, which is expected to re-approve the latest version of the bill. It would require lenders... more »

• Mortgage rates now above 5 percent

  February 25, 2010 12:08 PM

  Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels. The mortgage finance company Freddie Mac said Thursday that the average rate on a 30-year fixed rate mortgage was 5.05 percent this week, up from... more »

• Obama to announce loan guarantee for nuclear plant

  February 16, 2010 10:53 AM

  President Barack Obama is expected to announce federal loan guarantees for construction of a new nuclear power plant as he highlights investment in energy jobs. Obama is scheduled to make remarks after touring a job training center at the headquarters of Local 26 of the International Brotherhood of Electrical Workers... more »

• Government cracks down on loan modification scams

  February 4, 2010 1:31 PM

  The government is cracking down on companies that advertise help for troubled homeowners but often turn out to be scam artists. The Federal Trade Commission said Thursday it would propose to ban those foreclosure rescue services from collecting payment up front. Instead, they could only collect money if they... more »

• Colorado acts against 10 foreclosure-rescue companies

  November 25, 2009 8:08 AM

  Ten more loan-modification firms have agreed to comply with Colorado laws or be barred from doing business in the state. Colorado Attorney General John Suthers said Tuesday that the companies, nine of which are based outside Colorado, were accused of engaging in deceptive advertising or of collecting fees from... more »

• Foreclosures high in parts of Pueblo

  November 23, 2009 8:22 PM

  Foreclosures seems to be happening more in certain parts of Pueblo. The four areas hit hardest are Minnequa, the East Side, Eagleridge and Northern Pueblo West. Over the past couple of years, 40% of the homes in these neighborhoods have gone into foreclosure. Many people in those areas fell into... more »

• Watchdog doubts goals of Obama loan relief plan

  October 9, 2009 9:14 AM

  A government watchdog says the Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping up to 4 million borrowers and may not be enough to dampen the impact of the foreclosure crisis on the economy. The Congressional Oversight Panel report says the program is... more »

• Government home loan agency faces cash squeeze

  September 18, 2009 12:21 PM

  The Federal Housing Administration says its cash cushion will dip below mandated levels for the first time, but insists it won't need an immediate taxpayer rescue. The agency, a growing source of funds for first-time homebuyers, faces mounting concerns that it will soon need a taxpayer bailout as losses grow... more »

• Obama's mortgage relief program gaining traction

  September 9, 2009 11:27 AM

  The Obama administration's mortgage relief program is finally gaining traction. Nearly one in five eligible homeowners have been offered help so far, a government report says. The plan, launched with great fanfare in March, had been slow to get going, but more than 571,000 loan modification offers, or 19 percent,... more »