raman kandola's (kandolamortgage) Blog

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Mortgage and Lending - kandola mortgage services
RECENT BLOG POSTS
     The number of homes entering some stage of foreclosure -- from notice of default to bank ownership -- increased 45% in January from the same period a year earlier, according to Irvine, Calif.-based RealtyTrac.I hope this isn't news to you: Another stock market crash is on its way. That's the...
03/22/2007
     Short term real estate valuation has been down, since it has peaked last year.  The house prices has been down 30-40% from their all time high.  Added the foreclosure, and themortgage tightening of the market.  To those people who are looking for a "pinch hitter" or a "home run" market.  We ...
03/22/2007
     I was astound to get a quote from the biggest A paper lender in the mortgage industry.  Is it a mortgage spill over, added with the tightening credit, and not getting the right terms from the big investment backers has shaken the whole mortgage credit spectrum.  In one county in California l...
03/22/2007
   Inflation is really vital for a real estate growth.  We have seen a number of country growing double digit for thepast two (2() decade, but if you take a look at the inflation number, they have almost a near two (2) digit inflation increase year by year.  United States has always played really...
03/17/2007
   It is really sorry to say in foreclosure market we have a lot family's losing their house.  But their are a lot of "business minded" people who have taken advantage of this distressedhome owners.  Just a word of caution to make sure that you need to know the people whoyou are dealing with.    ...
03/17/2007
    The Capital of Silicon Valley is suffering from the foreclosure wave throught out the country, or is it just a meltdown of the market, which is taking all over the nation. Pundit's, financial expert has been going "ga-ga" over the foreclosure loom which would be sweeping the country for the p...
03/17/2007
       With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over50% percent for the past two days.  Courtesy of Credit Suisse literrally bailing them out of debt, they have bought their notes in a big discount, bringing their stocks 100% within the sp...
03/16/2007
In local news today, Merrill Lynch is purchasing First Republic Bank for $55 per share. First Republic shares are up 41% this morning.Mandalay Mortgage, a top-30-ranked subprime wholesale originator, announced that is closing its doors tomorrow and will stop funding loans. I guess that this leave...
03/16/2007
  Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday.   National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rej...
03/16/2007
      NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year 2000, the rate of failures are growing daily and that there's no end in sight.   The stock market crashed on worries about all the "bad" news. It's fascinating to watch this (well-...
03/14/2007
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