The Hughes Team

Colorado Springs Real Estate by Hughes


Peoples Mortgage in Colorado Springs buoyed by better housing market and refinancings

In the last three years Colorado Springs based Peoples Mortgage Corp. expanded into Boulder, Denver, and Fort Collins and added 150 people to their staff.

Their mortgage lending more than double between 2009 and 2011, totalling $710 million.

A significant volume, 46 percent,  has come from returning soldiers. Peoples also benefited from less competition in the local mortgage industry. Peoples Mortgage showed a profit of $1.75 million last year, a major turnaround from losses that totaled 3.35 million during the previous two years.

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http://www.realestatebyhughes.com/00BEAF
Posted on January 19, 2012 10:39:18 by The Hughes Team

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