Page 24 - Advocacy Playbook
P. 24
Banks are a trusted lender – for good reason
Banks have better lending standards than any of their competitors. Those more
stringent standards mean fewer loan defaults.
Colorado Loan Composition
Commercial RE
1-4 Family Residential
2%
3% 2% Commercial & Industrial
6%
8% 32% RE Construction &
Devevelopment
10%
Farm Land and
Operating
Multifamily Residential
37%
Other
Individuals
Conclusion: Banks do 58 percent of residential mortgage lending in
Colorado, and those loans result in 18 percent of the foreclosures.
Conversely, non-bank lenders do 42 percent of the residential mortgage
lending, and those loans result inn 82 percent of the foreclosures.
A healthy
economy
needs a
strong and
thriving
banking
system
4
24
