About Denver's Platte Park

Louisiana Station is located just steps from the Louisiana/Pearl Street Light Rail station and is very convenient to DU and Wash Park. This 2 Bed 2 bath loft is listed below market at just $265K, The sellers loss is your gain. Dont miss out on the opportunity to grab one of the most convenient locations in Denver.

This loft is complete with stainless steel appliances, hardwood floors and granite countertops and features a built in study, kitchen nook and a serene courtyard for all residents to enjoy. The unit also comes with a garage.

This location with the light rail access makes it ideal for the DU student or Professor, the downtown or the Denver Tech Center commuter, you literally do not need to drive a car to get to work or school from this location. The light rail also takes you to many of Denvers favorite nightspots as well as the Pepsi Center and Mile High Stadium.

Do not miss out on this one, it would be great for the corporate executive that spends alot of time in Denver on business or for the corporation that needs a place for their frequent Denver travelers.

Borrowers who caught up on overdue mortgages outnumbered people who became newly delinquent on insured home loans for the first time in almost four years. PMI Group Inc. led mortgage insurers higher in New York trading.

In February, 68,675 homeowners with privately insured mortgages fell into default, compared with 80,758 who got back on track, a report today from the Washington-based Mortgage Insurance Companies of America said. In January, MICA reported 98,685 new defaults and 61,195 cures. The trade group last reported that recoveries exceeded defaults in March 2006.

"The significance is substantial, it's enormous," said Matthew Howlett, an analyst with Macquarie Group Ltd. Recoveries outpacing new defaults "signals a turning point" for mortgage insurers, he said.

MGIC Investment Corp., the biggest U.S. mortgage insurer, No. 2 Radian Group Inc. and No. 3 PMI are facing fewer claims as the economy recovers and the Obama administration works with the nation's biggest banks to prevent foreclosures. Philadelphia- based Radian, which has reported three straight annual losses, said in February that delinquencies were slowing and may fall this year.

"We know there has been a slowdown in new defaults," Radian Chief Financial Officer C. Robert Quint said on a Feb. 23 conference call with analysts and investors. "I actually expect it to be flat and slightly down throughout the year."

PMI, based in Walnut Creek, California, rose 88 cents, or 19 percent, to $5.42 in New York Stock Exchange composite trading. MGIC rose 84 cents, or 8.3 percent, to $10.97. Radian advanced $1.03, or 7.1 percent, to $15.64.

More Foreclosures

The U.S. Treasury Department reported on March 12 that lenders in the Home Affordable Modification Program led by Bank of America Corp. and JPMorgan Chase & Co. successfully converted 168,708 trial plans into permanent loan revisions through February, up from 116,297 a month earlier. More than 835,000 additional borrowers were in trial repayment plans, Treasury said.

"The government modification programs are starting to have an impact," said Howlett of Macquarie. Howlett said the improvement in the so-called cure rate may allow insurers to reduce reserves and he expects Milwaukee-based MGIC to report its first quarterly profit in more than two years in the first three months of the 2010.

Mortgage insurers, which pay lenders when foreclosure fails to recoup costs, have suffered from a surge in claims as borrowers struggle to meet payments or refinance debts. About 2.82 million U.S. homeowners lost their properties to foreclosure last year and 4.5 million filings are expected in 2010, RealtyTrac Inc. said in January.

source: Andrew Frye in New York at afrye@bloomberg.net.

Divino is a wonderful wine shop on south Broadway in the heart of the Historic Neighborhoods of Denver. Tomorrow, Saturday, May 6th between 2:00pm and 6:00pm they will be holding one of their famous WINE TASTINGS!

The wines previewed will be:

SOPHIE BERTIN -Sancerre 2007 - Loire Valley, France

LIBERALIA - "Tres" 2005 - Toro, Spain

CLAYHOUSE VINEYARDS - Syrah 2006 - Paso Robles, California



When there, make sure you check out their 10 for 10. That's 10 wines for under $10!

Please call me for more information at 303-549-0818 or e-mail me at kerry@kerryklun.com or visit me on the web at www.kerryklun.com and www.historichomesofdenver.com